Gendell Jeffrey L
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Gendell Jeffrey L reported 78 stock positions worth $2.3 billion. Its top holding was Ies (IESC) at 76.4% of the portfolio, followed by Avadel Pharmaceuticals (AVDL, 2.1%) and Bluelinx (BXC, 1.6%). Compared with Q4 2024, it opened 6 new positions, sold out of 16, added to 12 and reduced 39. The biggest buy was a new position in Choiceone Financial SVCS (COFS) and the biggest sale an exit from iShares Russell 2000 ETF (IWM).
- Most Recent 13F
- Q2 2026
- Location
- Greenwich, CT
- CIK
- 0001056581
- Portfolio Value
- $2.3B (Q1 2025)
- SEC Filing
- 0001214659-25-007856 ↗ filed May 15, 2025
Holdings Value
Holdings 78 stocks · $2.3B
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 76.40% | 10,717,968 | $1.8B | No change |
| AVDL Avadel Pharmaceuticals Ltd. | 2.07% | 6,127,156 | $48.0M | Reduce -3.2% |
| BXC Bluelinx Holdings Inc. | 1.56% | 482,827 | $36.2M | Reduce -1.0% |
| AMR Alpha Metallurgical Resource | 1.22% | 226,446 | $28.4M | Reduce -37.2% |
| OIH Vaneck Oil Services ETF | 1.14% | 100,317 | $26.3M | Reduce -60.6% |
| BTU Peabody Energy Corp. | 0.79% | 1,349,319 | $18.3M | Reduce -46.0% |
| LXU LSB Industries Inc. | 0.77% | 2,702,891 | $17.8M | Reduce -0.9% |
| MHK Mohawk Industries Inc. | 0.73% | 147,456 | $16.8M | Reduce -27.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.71% | 395,676 | $16.5M | Reduce -4.1% |
| HAL Halliburton Co. | 0.69% | 627,149 | $15.9M | Reduce -53.0% |
| NBR Nabors Industries Ltd. | 0.64% | 354,663 | $14.8M | Reduce -20.5% |
| RIG Transocean Ltd. | 0.62% | 4,534,441 | $14.4M | Reduce -63.8% |
| TTI Tetra Technologies Inc. | 0.61% | 4,185,433 | $14.1M | Reduce -20.0% |
| ATKR Atkore Inc. | 0.52% | 199,500 | $12.0M | Reduce -21.8% |
| FCG First Trust Natural Gas ETF | 0.41% | 379,376 | $9.4M | Add +40.8% |
| RBCAA Republic Bancorp Inc. Class A | 0.40% | 146,709 | $9.4M | No change |
| PATK Patrick Industries Inc. | 0.38% | 105,088 | $8.9M | No change |
| WTTR Select Water Solutions Inc. | 0.38% | 831,195 | $8.7M | Reduce -7.7% |
| OIS Oil States International Inc. filed as OIL STS INTL INC | 0.37% | 1,676,609 | $8.6M | Reduce -36.5% |
| IROQ If Bancorp Inc. | 0.34% | 326,382 | $7.9M | No change |
| EQT Eqt Corp. | 0.33% | 145,000 | $7.7M | Reduce -52.3% |
| LBRT Liberty Energy Inc. | 0.33% | 476,843 | $7.5M | Reduce -11.7% |
| MTRX Matrix Service Co. | 0.32% | 597,118 | $7.4M | No change |
| IOSP Innospec Inc. | 0.32% | 77,247 | $7.3M | Reduce -19.0% |
| ALRS Alerus Financial Corp. | 0.31% | 389,794 | $7.2M | Reduce -3.6% |
| CLB Core Laboratories Inc. | 0.30% | 456,996 | $6.9M | Add +6.2% |
| KRE SS SPDR S&P Regional Bank | 0.29% | 120,000 | $6.8M | Reduce -53.6% |
| MU Micron Technology Inc. | 0.29% | 77,000 | $6.7M | Add +14.9% |
| COFS Choiceone Financial SVCS Inc. | 0.29% | 231,780 | $6.7M | New |
| IWN iShares Russell 2000 Value E | 0.28% | 43,438 | $6.6M | Reduce -64.4% |
| FRD Friedman Industries | 0.28% | 431,372 | $6.4M | Reduce -5.6% |
| PEBK Peoples Bancorp of NC | 0.26% | 217,763 | $5.9M | No change |
| KLXE KLX Energy Services Holding | 0.25% | 1,673,219 | $5.9M | No change |
| INDV Indivior Ltd. | 0.25% | 606,481 | $5.8M | Add +100.0% |
| FUNC First United Corp. | 0.23% | 178,352 | $5.4M | No change |
| OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC | 0.23% | 602,286 | $5.3M | Add +14.2% |
| ODP The Odp Corp. filed as THE ODP CORP | 0.23% | 366,008 | $5.2M | Reduce -26.6% |
| CAC Camden National Corp. | 0.21% | 121,107 | $4.9M | New |
| FUSB First US Bancshares Inc. | 0.21% | 362,440 | $4.8M | No change |
| FMBH First Mid Bancshares Inc. | 0.21% | 137,473 | $4.8M | Reduce -35.7% |
| NINEQ Nine Energy Service Inc. | 0.20% | 4,184,044 | $4.7M | No change |
| C Citigroup Inc. | 0.20% | 65,000 | $4.6M | Reduce -80.8% |
| SND Smart Sand Inc. | 0.19% | 1,727,072 | $4.5M | Add +26.3% |
| CNR Core Natural Resources Inc. | 0.19% | 57,323 | $4.4M | New |
| HP Helmerich & Payne | 0.19% | 167,795 | $4.4M | Reduce -80.0% |
| ASRV Ameriserv Financial Inc. | 0.17% | 1,635,677 | $4.0M | No change |
| NOV Nov Inc. | 0.17% | 259,175 | $3.9M | New |
| SHBI Shore Bancshares Inc. | 0.17% | 283,410 | $3.8M | No change |
| CZWI Citizens Community Bancorp I | 0.16% | 250,937 | $3.6M | Reduce -0.0% |
| TILE Interface Inc. | 0.14% | 168,713 | $3.3M | Reduce -1.8% |
| SDRL Seadrill Limited | 0.14% | 133,348 | $3.3M | Reduce -76.3% |
| PSCE Invesco S&P Smallcap Energy | 0.14% | 78,869 | $3.3M | No change |
| XLE SS Energy Select Sector | 0.14% | 35,000 | $3.3M | New |
| XBI SS SPDR S&P Biotech ETF | 0.14% | 38,846 | $3.2M | No change |
| ORN Orion Group Holdings Inc. | 0.13% | 583,031 | $3.0M | Reduce -5.0% |
| DTI Drilling Tools International | 0.12% | 1,169,870 | $2.8M | Add +31.9% |
| TSEM Tower Semiconductor Ltd. | 0.11% | 73,099 | $2.6M | Add +0.1% |
| SXC Suncoke Energy Inc. | 0.11% | 272,591 | $2.5M | No change |
| LUMN Lumen Technologies Inc. | 0.09% | 550,000 | $2.2M | Add +37.5% |
| BVFL BV Financial Inc. filed as BV FINL INC | 0.09% | 141,262 | $2.2M | No change |
| AMD Advanced Micro Devices | 0.09% | 20,578 | $2.1M | No change |
| SLND Southland Holdings Inc. | 0.09% | 694,766 | $2.1M | Add +14.5% |
| COHR Coherent Corp. | 0.09% | 31,350 | $2.0M | Reduce -24.2% |
| WDC Western Digital Corp. | 0.08% | 45,000 | $1.8M | Reduce -84.6% |
| SNDK Sandisk Corp. | 0.07% | 35,000 | $1.7M | Reduce -64.1% |
| FENC Fennec Pharmaceuticals Inc. | 0.05% | 195,221 | $1.2M | Reduce -2.0% |
| BW Babcock & Wilcox Enterpr | 0.05% | 1,725,246 | $1.2M | Add +41.2% |
| SBFG SB Financial Group Inc. filed as SB FINL GROUP INC | 0.04% | 46,286 | $964K | Reduce -5.2% |
| CMT Core Molding Technologies Inc. | 0.04% | 61,266 | $931K | No change |
| BRBS Blue Ridge Bankshares Inc. | 0.04% | 280,973 | $916K | No change |
| GLW Corning Inc. | 0.04% | 20,000 | $916K | New |
| QXO Qxo Inc. | 0.04% | 65,313 | $884K | Reduce -76.1% |
| BORR Borr Drilling Ltd. | 0.04% | 399,261 | $874K | Reduce -80.8% |
| FRBA First Bank/Hamilton NJ | 0.04% | 57,715 | $855K | Reduce -18.0% |
| HBT HBT Financial Inc. | 0.01% | 15,181 | $340K | Reduce -41.4% |
| HWBK Hawthorn Bancshares Inc. | 0.01% | 10,000 | $282K | No change |
| CIVB Civista Bancshares Inc. | 0.01% | 10,000 | $195K | No change |
| OCC Optical Cable Corp. | 0.01% | 45,000 | $126K | Add +200.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $35K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 93,408 | $35K | No change |
Total filed on the 13F, all lines: $2.3B.
Portfolio Sells Q4 2024 → Q1 2025
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −2.00 |
| AMR Alpha Metallurgical Resource | Reduce -37.2% | 1.22% | −1.04 |
| OIH Vaneck Oil Services ETF | Reduce -60.6% | 1.14% | −1.03 |
| BTU Peabody Energy Corp. | Reduce -46.0% | 0.79% | −0.85 |
| RIG Transocean Ltd. | Reduce -63.8% | 0.62% | −0.85 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −0.80 |
| HP Helmerich & Payne | Reduce -80.0% | 0.19% | −0.65 |
| C Citigroup Inc. | Reduce -80.8% | 0.20% | −0.55 |
| SDRL Seadrill Limited | Reduce -76.3% | 0.14% | −0.54 |
| WDC Western Digital Corp. | Reduce -84.6% | 0.08% | −0.47 |
| HAL Halliburton Co. | Reduce -53.0% | 0.69% | −0.45 |
| IWN iShares Russell 2000 Value E | Reduce -64.4% | 0.28% | −0.34 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.26 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.25 |
| BORR Borr Drilling Ltd. | Reduce -80.8% | 0.04% | −0.22 |
| KRE SS SPDR S&P Regional Bank | Reduce -53.6% | 0.29% | −0.19 |
| NBR Nabors Industries Ltd. | Reduce -20.5% | 0.64% | −0.16 |
| ATKR Atkore Inc. | Reduce -21.8% | 0.52% | −0.15 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.14 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.13 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.13 |
| ODP The Odp Corp. | Reduce -26.6% | 0.23% | −0.13 |
| AGO Assured Guaranty Ltd. | Sold out | 0.00% | −0.11 |
| EQT Eqt Corp. | Reduce -52.3% | 0.33% | −0.10 |
| QXO Qxo Inc. | Reduce -76.1% | 0.04% | −0.10 |
| SNDK Sandisk Corp. | Reduce -64.1% | 0.07% | −0.07 |
| ENS Enersys | Sold out | 0.00% | −0.07 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −0.07 |
| VATE Innovate Corp. | Sold out | 0.00% | −0.05 |
| OIS Oil States International Inc. | Reduce -36.5% | 0.37% | −0.05 |
| FMBH First Mid Bancshares Inc. | Reduce -35.7% | 0.21% | −0.04 |
| COHR Coherent Corp. | Reduce -24.2% | 0.09% | −0.03 |
| MHK Mohawk Industries Inc. | Reduce -27.2% | 0.73% | −0.03 |
| DXYN Dixie Group Inc. | Sold out | 0.00% | −0.03 |
| INTC Intel Corp. | Sold out | 0.00% | −0.02 |
| CHX Championx Corp. | Sold out | 0.00% | −0.02 |
| IOSP Innospec Inc. | Reduce -19.0% | 0.32% | −0.01 |
| AVDL Avadel Pharmaceuticals Ltd. | Reduce -3.2% | 2.07% | −0.01 |
| PEBO Peoples Bancorp Inc. | Sold out | 0.00% | −0.01 |
| LBRT Liberty Energy Inc. | Reduce -11.7% | 0.33% | −0.01 |
| ORN Orion Group Holdings Inc. | Reduce -5.0% | 0.13% | −0.01 |
| CWH Camping World Holdings Inc. Class A | Sold out | 0.00% | −0.01 |
| HBT HBT Financial Inc. | Reduce -41.4% | 0.01% | −0.00 |
| BXC Bluelinx Holdings Inc. | Reduce -1.0% | 1.56% | +0.00 |
| WTTR Select Water Solutions Inc. | Reduce -7.7% | 0.38% | +0.00 |
| FRBA First Bank/Hamilton NJ | Reduce -18.0% | 0.04% | +0.01 |
| SBFG SB Financial Group Inc. | Reduce -5.2% | 0.04% | +0.01 |
| FENC Fennec Pharmaceuticals Inc. | Reduce -2.0% | 0.05% | +0.01 |
| TILE Interface Inc. | Reduce -1.8% | 0.14% | +0.01 |
| TTI Tetra Technologies Inc. | Reduce -20.0% | 0.61% | +0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| COFS Choiceone Financial SVCS Inc. | New | 0.29% | +0.29 |
| CAC Camden National Corp. | New | 0.21% | +0.21 |
| FCG First Trust Natural Gas ETF | Add +40.8% | 0.41% | +0.20 |
| CNR Core Natural Resources Inc. | New | 0.19% | +0.19 |
| NOV Nov Inc. | New | 0.17% | +0.17 |
| XLE SS Energy Select Sector | New | 0.14% | +0.14 |
| INDV Indivior Ltd. | Add +100.0% | 0.25% | +0.13 |
| MU Micron Technology Inc. | Add +14.9% | 0.29% | +0.11 |
| SND Smart Sand Inc. | Add +26.3% | 0.19% | +0.10 |
| CLB Core Laboratories Inc. | Add +6.2% | 0.30% | +0.06 |
| GLW Corning Inc. | New | 0.04% | +0.04 |
| DTI Drilling Tools International | Add +31.9% | 0.12% | +0.03 |
| SLND Southland Holdings Inc. | Add +14.5% | 0.09% | +0.03 |
| LUMN Lumen Technologies Inc. | Add +37.5% | 0.09% | +0.03 |
| OSG Octave Specialty Group Inc. | Add +14.2% | 0.23% | +0.02 |
| OCC Optical Cable Corp. | Add +200.0% | 0.01% | +0.00 |
| TSEM Tower Semiconductor Ltd. | Add +0.1% | 0.11% | −0.01 |
| BW Babcock & Wilcox Enterpr | Add +41.2% | 0.05% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 103 | $11.1B | IESC, SNDK, OC, MU, TPC |
| Q1 2026 | 101 | $7.3B | IESC, IWM, AMR, OC, TPC |
| Q4 2025 | 93 | $5.7B | IESC, OC, AVDL, AMR, WTM |
| Q3 2025 | 86 | $5.4B | IESC, AVDL, AMR, BXC, HUM |
| Q2 2025 | 76 | $3.8B | IESC, AVDL, BXC, IWM, AMR |
| Q1 2025 | 78 | $2.3B | IESC, AVDL, BXC, AMR, OIH |
| Q4 2024 | 87 | $3.2B | IESC, AMR, OIH, AVDL, IWM |
| Q3 2024 | 84 | $3.2B | IESC, AMR, AVDL, BTU, HAL |
| Q2 2024 | 99 | $2.9B | IESC, AMR, OIH, AVDL, SLB |
| Q1 2024 | 88 | $2.6B | IESC, IWM, AMR, OIH, AVDL |