Harspring Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Harspring Capital Management, LLC reported 17 stock positions worth $284.2 million. Its top holding was Cogent Communications Holdin (CCOI) at 14.5% of the portfolio, followed by Meta Platforms Class A (META, 11.6%) and Darling Ingredients (DAR, 11.1%). Compared with Q1 2025, it opened 2 new positions, sold out of 1 and reduced 5. The biggest buy was a new position in Darling Ingredients (DAR) and the biggest sale Cogent Communications Holdin (CCOI, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001652327
- Portfolio Value
- $284.2M (Q2 2025)
- SEC Filing
- 0001652327-25-000006 ↗ filed Aug 13, 2025
Holdings Value
Holdings 17 stocks · $284.2M
| CCOI Cogent Communications Holdin | 14.50% | 854,797 | $41.2M | Reduce -3.4% |
| META Meta Platforms Inc. Class A | 11.56% | 44,500 | $32.8M | No change |
| DAR Darling Ingredients Inc. | 11.15% | 835,000 | $31.7M | New |
| AMZN Amazon.com Inc. | 9.59% | 124,200 | $27.2M | Reduce -3.9% |
| ENVA Enova International Inc. | 8.85% | 225,500 | $25.1M | No change |
| ESGR Enstar Group Ltd. | 7.34% | 62,000 | $20.9M | No change |
| NWSA News Corp. Class A | 6.50% | 621,500 | $18.5M | No change |
| PPLI People Inc. filed as IAC INC | 6.44% | 490,000 | $18.3M | No change |
| TPB Turning Point Brands Inc. | 4.84% | 181,500 | $13.8M | No change |
| GOOG Alphabet Inc. Class C | 4.53% | 72,650 | $12.9M | Reduce -25.6% |
| RUSHA Rush Enterprises Inc. Class A | 4.08% | 225,000 | $11.6M | No change |
| HAPN Happen Inc. filed as LENDINGCLUB CORP | 3.64% | 860,000 | $10.3M | Reduce -14.8% |
| UHAL.B U-Haul Holding Co.-Non Voting | 3.54% | 185,000 | $10.1M | No change |
| THRY Thryv Holdings Inc. | 1.28% | 300,000 | $3.6M | Reduce -57.6% |
| LGIH Lgi Homes Inc. | 1.26% | 69,500 | $3.6M | No change |
| DIBS 1STDIBS.COM Inc. | 0.48% | 500,000 | $1.4M | No change |
| MRVI Maravai Lifesciences Hldgs-A | 0.42% | 500,000 | $1.2M | New |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
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 |