Harspring Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Harspring Capital Management, LLC reported 15 stock positions worth $261.2 million. Its top holding was Cogent Communications Holdin (CCOI) at 12.8% of the portfolio, followed by Meta Platforms Class A (META, 12.5%) and Darling Ingredients (DAR, 10.8%). Compared with Q2 2025, it sold out of 2, added to 3 and reduced 1. The biggest buy was 1STDIBS.COM (DIBS, shares +22%) and the biggest sale an exit from Enstar (ESGR).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001652327
- Portfolio Value
- $261.2M (Q3 2025)
- SEC Filing
- 0001652327-25-000008 ↗ filed Nov 13, 2025
Holdings Value
Holdings 15 stocks · $261.2M
| CCOI Cogent Communications Holdin | 12.85% | 875,000 | $33.6M | Add +2.4% |
| META Meta Platforms Inc. Class A | 12.51% | 44,500 | $32.7M | No change |
| DAR Darling Ingredients Inc. | 10.81% | 915,000 | $28.2M | Add +9.6% |
| AMZN Amazon.com Inc. | 10.44% | 124,200 | $27.3M | No change |
| ENVA Enova International Inc. | 9.94% | 225,500 | $26.0M | No change |
| NWSA News Corp. Class A | 7.31% | 621,500 | $19.1M | No change |
| TPB Turning Point Brands Inc. | 6.87% | 181,500 | $17.9M | No change |
| PPLI People Inc. filed as IAC INC | 6.39% | 490,000 | $16.7M | No change |
| GOOG Alphabet Inc. Class C | 6.31% | 67,650 | $16.5M | Reduce -6.9% |
| HAPN Happen Inc. filed as LENDINGCLUB CORP | 5.00% | 860,000 | $13.1M | No change |
| RUSHA Rush Enterprises Inc. Class A | 4.61% | 225,000 | $12.0M | No change |
| UHAL.B U-Haul Holding Co.-Non Voting | 3.60% | 185,000 | $9.4M | No change |
| THRY Thryv Holdings Inc. | 1.39% | 300,000 | $3.6M | No change |
| LGIH Lgi Homes Inc. | 1.38% | 69,500 | $3.6M | No change |
| DIBS 1STDIBS.COM Inc. | 0.60% | 610,000 | $1.6M | Add +22.0% |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 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 |