Grizzlyrock Capital, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Grizzlyrock Capital, LLC reported 22 stock positions worth $133.6 million. Its top holding was Ferroglobe (GSM) at 14.2% of the portfolio, followed by Genesis Energy (GEL, 7.4%) and Euronet Worldwide (EEFT, 7.2%). Compared with Q3 2025, it opened 5 new positions, sold out of 6, added to 7 and reduced 8. The biggest buy was a new position in Xponential Fitness Class A (XPOF) and the biggest sale Tidewater (TDW, shares −72%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0002011732
- Portfolio Value
- $133.6M (Q4 2025)
- SEC Filing
- 0001214659-26-001965 ↗ filed Feb 17, 2026
Holdings Value
Holdings 22 stocks · $133.6M
| GSM Ferroglobe PLC | 14.16% | 4,075,742 | $18.9M | Reduce -1.9% |
| GEL Genesis Energy L.P. | 7.36% | 630,346 | $9.8M | No change |
| EEFT Euronet Worldwide Inc. | 7.20% | 126,315 | $9.6M | Add +528.4% |
| MGNI Magnite Inc. | 6.95% | 571,906 | $9.3M | Add +46.3% |
| AMN Amn Healthcare Services Inc. | 6.55% | 555,526 | $8.8M | Add +3.4% |
| AMTM Amentum Holdings Inc. | 6.19% | 285,113 | $8.3M | Add +0.7% |
| DAR Darling Ingredients Inc. | 6.01% | 223,000 | $8.0M | Reduce -15.4% |
| XPOF Xponential Fitness Inc. Class A | 6.00% | 974,184 | $8.0M | New |
| DRVN Driven Brands Holdings Inc. | 5.78% | 520,688 | $7.7M | Reduce -14.8% |
| RYZ Ryerson Holding Corp. | 5.17% | 274,596 | $6.9M | Reduce -6.3% |
| ACVA Acv Auctions Inc. Class A | 5.04% | 839,258 | $6.7M | Add +35.7% |
| LFCR Lifecore Biomedical Inc. | 4.55% | 743,241 | $6.1M | Add +0.6% |
| ROG Rogers Corp. | 4.51% | 65,794 | $6.0M | No change |
| MATW Matthews Intl Corp. Class A | 3.38% | 173,075 | $4.5M | Add +30.1% |
| PRGO Perrigo Co. PLC | 2.94% | 281,745 | $3.9M | Reduce -6.6% |
| OLN Olin Corp. | 2.62% | 168,000 | $3.5M | Reduce -44.5% |
| TDW Tidewater Inc. | 1.40% | 37,115 | $1.9M | Reduce -71.7% |
| JBI Janus International Group Inc. | 1.36% | 278,760 | $1.8M | New |
| GLNG Golar LNG Ltd. | 0.97% | 35,000 | $1.3M | New |
| NX Quanex Building Products | 0.87% | 75,358 | $1.2M | New |
| OEC Orion SA | 0.72% | 181,262 | $957K | Reduce -12.1% |
| MOH Molina Healthcare Inc. | 0.26% | 2,000 | $347K | New |
Portfolio Sells Q3 2025 → Q4 2025
| TDW Tidewater Inc. | Reduce -71.7% | 1.40% | −4.03 |
| OLN Olin Corp. | Reduce -44.5% | 2.62% | −3.26 |
| PRGO Perrigo Co. PLC | Reduce -6.6% | 2.94% | −2.28 |
| DRVN Driven Brands Holdings Inc. | Reduce -14.8% | 5.78% | −1.87 |
| GRFS Grifols SA-ADR | Sold out | 0.00% | −1.61 |
| XPER Xperi Inc. | Sold out | 0.00% | −0.80 |
| GSM Ferroglobe PLC | Reduce -1.9% | 14.16% | −0.52 |
| OEC Orion SA | Reduce -12.1% | 0.72% | −0.50 |
| IAS Integral Ad Science Holding | Sold out | 0.00% | −0.48 |
| DAR Darling Ingredients Inc. | Reduce -15.4% | 6.01% | −0.31 |
| EFXT Enerflex Ltd. | Sold out | 0.00% | −0.20 |
| OPAL Opal Fuels Inc. Class A | Sold out | 0.00% | −0.14 |
| HOS Hornbeck Offshore Services I | Sold out | 0.00% | −0.05 |
| RYZ Ryerson Holding Corp. | Reduce -6.3% | 5.17% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| XPOF Xponential Fitness Inc. Class A | New | 6.00% | +6.00 |
| EEFT Euronet Worldwide Inc. | Add +528.4% | 7.20% | +5.83 |
| JBI Janus International Group Inc. | New | 1.36% | +1.36 |
| GLNG Golar LNG Ltd. | New | 0.97% | +0.97 |
| AMTM Amentum Holdings Inc. | Add +0.7% | 6.19% | +0.92 |
| MATW Matthews Intl Corp. Class A | Add +30.1% | 3.38% | +0.88 |
| NX Quanex Building Products | New | 0.87% | +0.87 |
| MGNI Magnite Inc. | Add +46.3% | 6.95% | +0.34 |
| LFCR Lifecore Biomedical Inc. | Add +0.6% | 4.55% | +0.33 |
| ACVA Acv Auctions Inc. Class A | Add +35.7% | 5.04% | +0.28 |
| MOH Molina Healthcare Inc. | New | 0.26% | +0.26 |
| AMN Amn Healthcare Services Inc. | Add +3.4% | 6.55% | −1.53 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $143.0M | MGNI, EEFT, AMN, GSM, REAL BROKERAGE INC/THE |
| Q1 2026 | 18 | $126.3M | GSM, DRVN, MGNI, AMN, OLN |
| Q4 2025 | 22 | $133.6M | GSM, GEL, EEFT, MGNI, AMN |
| Q3 2025 | 23 | $128.8M | GSM, GEL, AMN, DRVN, MGNI |
| Q2 2025 | 21 | $133.0M | MGNI, GSM, DRVN, GEL, DAR |
| Q1 2025 | 21 | $110.3M | GSM, DRVN, MGNI, GEL, PRGO |
| Q4 2024 | 17 | $95.8M | GSM, DRVN, MGNI, XPER, PRGO |
| Q3 2024 | 18 | $116.0M | GSM, DRVN, MGNI, CASH, PRGO |
| Q2 2024 | 19 | $120.3M | GSM, DRVN, MGNI, CASH, CLMT |
| Q1 2024 | 20 | $121.9M | GSM, OEC, GPRE, CASH, AMBP |