Harspring Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Harspring Capital Management, LLC reported 16 stock positions worth $261.5 million. Its top holding was Cogent Communications Holdin (CCOI) at 20.7% of the portfolio, followed by Meta Platforms Class A (META, 9.8%) and Amazon.com (AMZN, 9.4%). Compared with Q4 2024, it sold out of 1, added to 1 and reduced 12. The biggest buy was Lgi Homes (LGIH, shares +50%) and the biggest sale an exit from Berkshire Hathaway Class B (BRK.B).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001652327
- Portfolio Value
- $261.5M (Q1 2025)
- SEC Filing
- 0001652327-25-000004 ↗ filed May 15, 2025
Holdings Value
Holdings 16 stocks · $261.5M
| CCOI Cogent Communications Holdin | 20.74% | 884,797 | $54.2M | Reduce -14.5% |
| META Meta Platforms Inc. Class A | 9.81% | 44,500 | $25.6M | Reduce -16.8% |
| AMZN Amazon.com Inc. | 9.40% | 129,200 | $24.6M | Reduce -13.4% |
| PPLI People Inc. filed as IAC INC | 8.61% | 490,000 | $22.5M | Reduce -10.1% |
| ENVA Enova International Inc. | 8.33% | 225,500 | $21.8M | Reduce -25.4% |
| ESGR Enstar Group Ltd. | 7.88% | 62,000 | $20.6M | No change |
| NWSA News Corp. Class A | 6.47% | 621,500 | $16.9M | Reduce -17.9% |
| GOOG Alphabet Inc. Class C | 5.83% | 97,650 | $15.3M | Reduce -17.0% |
| RUSHA Rush Enterprises Inc. Class A | 4.60% | 225,000 | $12.0M | Reduce -22.4% |
| UHAL.B U-Haul Holding Co.-Non Voting | 4.19% | 185,000 | $10.9M | Reduce -19.6% |
| TPB Turning Point Brands Inc. | 4.13% | 181,500 | $10.8M | No change |
| HAPN Happen Inc. filed as LENDINGCLUB CORP | 3.99% | 1,010,000 | $10.4M | Reduce -4.7% |
| THRY Thryv Holdings Inc. | 3.47% | 707,500 | $9.1M | Reduce -19.8% |
| LGIH Lgi Homes Inc. | 1.77% | 69,500 | $4.6M | Add +50.0% |
| DIBS 1STDIBS.COM Inc. | 0.58% | 500,000 | $1.5M | No change |
| OEC Orion SA | 0.22% | 45,187 | $584K | Reduce -79.5% |
Portfolio Sells Q4 2024 → Q1 2025
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −3.16 |
| CCOI Cogent Communications Holdin | Reduce -14.5% | 20.74% | −1.93 |
| HAPN Happen Inc. | Reduce -4.7% | 3.99% | −0.89 |
| OEC Orion SA | Reduce -79.5% | 0.22% | −0.76 |
| GOOG Alphabet Inc. Class C | Reduce -17.0% | 5.83% | −0.54 |
| THRY Thryv Holdings Inc. | Reduce -19.8% | 3.47% | −0.25 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -19.6% | 4.19% | −0.00 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -22.4% | 4.60% | +0.08 |
| ENVA Enova International Inc. | Reduce -25.4% | 8.33% | +0.09 |
| AMZN Amazon.com Inc. | Reduce -13.4% | 9.40% | +0.09 |
| NWSA News Corp. Class A | Reduce -17.9% | 6.47% | +0.55 |
| META Meta Platforms Inc. Class A | Reduce -16.8% | 9.81% | +0.90 |
| PPLI People Inc. | Reduce -10.1% | 8.61% | +1.92 |
Portfolio Buys Q4 2024 → Q1 2025
| LGIH Lgi Homes Inc. | Add +50.0% | 1.77% | +0.59 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $53.7M | DAR, GOOG, ENVA, AMZN, CCOI |
| Q1 2026 | 14 | $190.1M | DAR, ENVA, CCOI, AMZN, META |
| Q4 2025 | 14 | $269.6M | ENVA, DAR, CCOI, META, AMZN |
| Q3 2025 | 15 | $261.2M | CCOI, META, DAR, AMZN, ENVA |
| Q2 2025 | 17 | $284.2M | CCOI, META, DAR, AMZN, ENVA |
| Q1 2025 | 16 | $261.5M | CCOI, META, AMZN, PPLI, ENVA |
| Q4 2024 | 17 | $351.8M | CCOI, AMZN, META, ENVA, PPLI |
| Q3 2024 | 18 | $420.6M | CCOI, ESGR, PPLI, META, ENVA |
| Q2 2024 | 18 | $394.9M | CCOI, ESGR, AMZN, META, PPLI |
| Q1 2024 | 17 | $423.8M | CCOI, ESGR, PPLI, META, AMZN |