Hawk Ridge Capital Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Hawk Ridge Capital Management LP reported 36 stock positions worth $2.2 billion. Its top holding was Verisign (VRSN) at 6.9% of the portfolio, followed by Corpay (CPAY, 6.1%) and Liberty Media Class C (FWONK, 6.1%). Compared with Q3 2025, it opened 4 new positions, sold out of 12, added to 21 and reduced 7. The biggest buy was a new position in Verisign (VRSN) and the biggest sale an exit from Fabrinet (FN).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001609074
- Portfolio Value
- $2.2B (Q4 2025)
- SEC Filing
- 0001892688-26-000044 ↗ filed Feb 17, 2026
Holdings Value
Holdings 36 stocks · $2.2B
| VRSN Verisign Inc. | 6.91% | 616,117 | $149.7M | New |
| CPAY Corpay Inc. | 6.14% | 441,820 | $133.0M | Add +19.6% |
| FWONK Liberty Media Corp. Class C | 6.06% | 1,331,360 | $131.2M | Add +119.9% |
| FIS Fidelity National Info Serv | 6.01% | 1,957,780 | $130.1M | Add +7.0% |
| WWD Woodward Inc. | 5.75% | 411,721 | $124.5M | Add +9.7% |
| MLM Martin Marietta Materials | 5.59% | 194,455 | $121.1M | Add +7.5% |
| BATRK Atlanta Braves Holdings in-C | 4.85% | 2,661,429 | $105.0M | Add +16.5% |
| ALLE Allegion PLC | 4.44% | 604,007 | $96.2M | Add +15.3% |
| ENTG Entegris Inc. | 4.24% | 1,088,824 | $91.7M | Add +4.5% |
| OPLN Openlane Inc. | 3.96% | 2,879,944 | $85.8M | Add +19.9% |
| BL Blackline Inc. | 3.82% | 1,497,631 | $82.8M | Reduce -9.1% |
| VVV Valvoline Inc. | 3.67% | 2,738,245 | $79.6M | Add +142.0% |
| TKO Tko Group Holdings Inc. | 3.43% | 355,037 | $74.2M | Add +79.3% |
| SIMO Silicon Motion Technol-ADR | 3.37% | 787,747 | $73.0M | Add +111.3% |
| WEX Wex Inc. | 3.12% | 454,271 | $67.7M | Add +1.8% |
| HPE Hewlett Packard Enterprise | 3.08% | 2,773,200 | $66.6M | New |
| AAOI Applied Optoelectronics Inc. | 2.74% | 1,700,900 | $59.3M | Add +106.2% |
| WDC Western Digital Corp. | 2.59% | 325,700 | $56.1M | Add +103.9% |
| STX Seagate Technology Holdings | 2.55% | 200,904 | $55.3M | Reduce -14.8% |
| MGRC McGrath Rentcorp | 2.36% | 487,242 | $51.1M | Add +3.6% |
| CR Crane Co. | 2.11% | 247,400 | $45.6M | Add +572.3% |
| CRS Carpenter Technology | 1.71% | 117,652 | $37.0M | Reduce -19.1% |
| ACHC Acadia Healthcare Co. Inc. | 1.56% | 2,379,097 | $33.8M | Reduce -15.2% |
| FWONA Liberty Media Corp. Class A | 1.24% | 299,800 | $26.8M | Add +90.9% |
| XPO Xpo Inc. | 1.22% | 193,988 | $26.4M | Reduce -28.0% |
| MYRG MYR Group Inc./Delaware | 1.12% | 111,197 | $24.3M | Add +23.0% |
| ATI Ati Inc. | 1.11% | 209,500 | $24.0M | Reduce -23.7% |
| FUN Six Flags Entertainment Corp. | 1.09% | 1,539,650 | $23.6M | No change |
| RHI Robert Half Inc. | 0.96% | 762,400 | $20.7M | Add +2679.9% |
| MRP Millrose Properties | 0.91% | 658,009 | $19.7M | Reduce -36.8% |
| LBRT Liberty Energy Inc. | 0.76% | 893,782 | $16.5M | Add +206.4% |
| NCNO Ncino Inc. | 0.73% | 617,800 | $15.8M | New |
| APPN Appian Corp. Class A | 0.43% | 262,300 | $9.3M | No change |
| LZ Legalzoomcom Inc. | 0.23% | 494,829 | $4.9M | No change |
| BATRA Atlanta Braves Holdings in-A | 0.09% | 43,331 | $1.8M | No change |
| AIR Aar Corp. | 0.08% | 19,900 | $1.6M | New |
Portfolio Sells Q3 2025 → Q4 2025
| FN Fabrinet | Sold out | 0.00% | −4.80 |
| PRKS United Parks & Resorts Inc. | Sold out | 0.00% | −4.55 |
| GMED Globus Medical Inc. Class A | Sold out | 0.00% | −4.28 |
| NSP Insperity Inc. | Sold out | 0.00% | −2.15 |
| KMX Carmax Inc. | Sold out | 0.00% | −2.08 |
| ACHC Acadia Healthcare Co. Inc. | Reduce -15.2% | 1.56% | −1.75 |
| HSIC Henry Schein Inc. | Sold out | 0.00% | −1.52 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −1.37 |
| DOO BRP Inc./Ca- Sub Voting | Sold out | 0.00% | −1.17 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −1.10 |
| MRP Millrose Properties | Reduce -36.8% | 0.91% | −0.76 |
| RPD RAPID7 Inc. | Sold out | 0.00% | −0.75 |
| ACVA Acv Auctions Inc. Class A | Sold out | 0.00% | −0.69 |
| MLI Mueller Industries Inc. | Sold out | 0.00% | −0.69 |
| XPO Xpo Inc. | Reduce -28.0% | 1.22% | −0.44 |
| BL Blackline Inc. | Reduce -9.1% | 3.82% | −0.35 |
| STX Seagate Technology Holdings | Reduce -14.8% | 2.55% | −0.10 |
| CRS Carpenter Technology | Reduce -19.1% | 1.71% | +0.01 |
| ATI Ati Inc. | Reduce -23.7% | 1.11% | +0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| VRSN Verisign Inc. | New | 6.91% | +6.91 |
| HPE Hewlett Packard Enterprise | New | 3.08% | +3.08 |
| FWONK Liberty Media Corp. Class C | Add +119.9% | 6.06% | +3.04 |
| CR Crane Co. | Add +572.3% | 2.11% | +1.78 |
| VVV Valvoline Inc. | Add +142.0% | 3.67% | +1.74 |
| AAOI Applied Optoelectronics Inc. | Add +106.2% | 2.74% | +1.72 |
| SIMO Silicon Motion Technol-ADR | Add +111.3% | 3.37% | +1.69 |
| WDC Western Digital Corp. | Add +103.9% | 2.59% | +1.68 |
| TKO Tko Group Holdings Inc. | Add +79.3% | 3.43% | +1.52 |
| WWD Woodward Inc. | Add +9.7% | 5.75% | +1.23 |
| CPAY Corpay Inc. | Add +19.6% | 6.14% | +1.07 |
| RHI Robert Half Inc. | Add +2679.9% | 0.96% | +0.91 |
| NCNO Ncino Inc. | New | 0.73% | +0.73 |
| OPLN Openlane Inc. | Add +19.9% | 3.96% | +0.67 |
| LBRT Liberty Energy Inc. | Add +206.4% | 0.76% | +0.59 |
| FWONA Liberty Media Corp. Class A | Add +90.9% | 1.24% | +0.52 |
| BATRK Atlanta Braves Holdings in-C | Add +16.5% | 4.85% | +0.32 |
| FIS Fidelity National Info Serv | Add +7.0% | 6.01% | +0.26 |
| MYRG MYR Group Inc./Delaware | Add +23.0% | 1.12% | +0.23 |
| MLM Martin Marietta Materials | Add +7.5% | 5.59% | +0.15 |
| AIR Aar Corp. | New | 0.08% | +0.08 |
| ALLE Allegion PLC | Add +15.3% | 4.44% | +0.01 |
| WEX Wex Inc. | Add +1.8% | 3.12% | −0.23 |
| MGRC McGrath Rentcorp | Add +3.6% | 2.36% | −0.27 |
| ENTG Entegris Inc. | Add +4.5% | 4.24% | −0.35 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $3.1B | SIMO, RBA, OPLN, VRSN, CPAY |
| Q1 2026 | 47 | $2.7B | VRSN, FWONK, CPAY, OPLN, SIMO |
| Q4 2025 | 36 | $2.2B | VRSN, CPAY, FWONK, FIS, WWD |
| Q3 2025 | 44 | $2.1B | FIS, MLM, CPAY, FN, ENTG |
| Q2 2025 | 53 | $2.4B | GMED, WWD, ALLE, BATRK, MLM |
| Q1 2025 | 42 | $2.1B | GMED, ALLE, TKO, WWD, FMX |
| Q4 2024 | 43 | $2.1B | GMED, CTSH, ALLE, RPD, SMAR |
| Q3 2024 | 47 | $2.3B | GMED, CTSH, RPD, SMAR, TKO |
| Q2 2024 | 53 | $2.3B | GMED, CTSH, RPD, FMX, ALLE |
| Q1 2024 | 41 | $2.2B | GMED, FMX, BLKB, ALLE, SIMO |