Intrepid Capital Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Intrepid Capital Management Inc. reported 107 stock positions worth $190.0 million. Its top holding was Dimensional US High Profi Et (DUHP) at 7.8% of the portfolio, followed by Chicago Atlantic BDC (LIEN, 4.1%) and Sprott Physical Gold and Sil (CEF, 3.7%). Compared with Q1 2025, it opened 15 new positions, sold out of 9, added to 48 and reduced 26. The biggest buy was iShares Core U.S. Aggregate (AGG, shares +543%) and the biggest sale Valvoline (VVV, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- JACKSONVILLE BEACH, FL
- CIK
- 0001092838
- Portfolio Value
- $190.0M (Q2 2025)
- SEC Filing
- 0001092838-25-000004 ↗ filed Aug 12, 2025
Holdings Value
Holdings 107 stocks · $190.0M
| DUHP Dimensional US High Profi Et | 7.81% | 417,595 | $14.8M | Reduce -2.6% |
| LIEN Chicago Atlantic BDC Inc. | 4.14% | 759,303 | $7.9M | Add +0.4% |
| CEF Sprott Physical Gold and Sil | 3.71% | 234,199 | $7.0M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 3.49% | 37,638 | $6.6M | Add +7.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.33% | 13,017 | $6.3M | Reduce -1.2% |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 2.49% | 175,940 | $4.7M | Add +4.7% |
| IAU iShares Gold Trust | 2.45% | 74,648 | $4.7M | Add +0.3% |
| JUCY Aptus Enhanced Yield ETF | 2.28% | 194,831 | $4.3M | Reduce -10.8% |
| PM Philip Morris International | 2.08% | 21,699 | $4.0M | Add +15.9% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 2.06% | 53,153 | $3.9M | Add +1.6% |
| LLYVA Liberty Media Corp.-Liberty-A | 1.93% | 46,149 | $3.7M | Reduce -7.2% |
| FN Fabrinet | 1.91% | 12,289 | $3.6M | Add +16.6% |
| SKX Skechers USA Inc. Class A | 1.86% | 56,039 | $3.5M | Add +1.0% |
| BATRK Atlanta Braves Holdings in-C | 1.84% | 74,876 | $3.5M | Add +76.2% |
| NVDA Nvidia Corp. | 1.78% | 21,465 | $3.4M | Add +11.4% |
| MSFT Microsoft Corp. | 1.59% | 6,065 | $3.0M | Add +16.2% |
| REFI Chicago Atlantic Real Estate | 1.58% | 214,827 | $3.0M | Reduce -0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.55% | 23,909 | $3.0M | Add +1.1% |
| TTWO Take-Two Interactive Softwre | 1.53% | 11,989 | $2.9M | Reduce -2.9% |
| DLTR Dollar Tree Inc. | 1.52% | 29,249 | $2.9M | Add +2.1% |
| AGG iShares Core U.S. Aggregate | 1.49% | 28,575 | $2.8M | Add +543.3% |
| SII Sprott Inc. | 1.45% | 39,752 | $2.7M | Reduce -1.8% |
| HHH Howard Hughes Holdings Inc. | 1.38% | 38,949 | $2.6M | Add +4.6% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 1.38% | 24,320 | $2.6M | Add +11.9% |
| MTCH Match Group Inc. | 1.36% | 83,603 | $2.6M | Add +20.6% |
| CPRT Copart Inc. | 1.34% | 51,758 | $2.5M | Reduce -0.5% |
| GRMN Garmin Ltd. | 1.31% | 11,885 | $2.5M | Reduce -4.6% |
| AYI Acuity Inc. | 1.29% | 8,205 | $2.4M | Add +0.6% |
| AMZN Amazon.com Inc. | 1.27% | 10,958 | $2.4M | Add +1.7% |
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 1.24% | 37,337 | $2.4M | Add +116.0% |
| AAPL Apple Inc. | 1.22% | 11,255 | $2.3M | Reduce -6.4% |
| MKL Markel Group Inc. | 1.21% | 1,155 | $2.3M | Reduce -3.7% |
| SMG Scotts Miracle-Gro Co. | 1.21% | 34,942 | $2.3M | New |
| FWONK Liberty Media Corp. Class C | 1.15% | 20,949 | $2.2M | New |
| FCX Freeport-McMoran Inc. | 1.14% | 49,854 | $2.2M | Add +9.6% |
| GRBK Green Brick Partners Inc. | 1.12% | 33,800 | $2.1M | New |
| SSNC Ss&c Technologies Holdings | 1.11% | 25,381 | $2.1M | Add +10.7% |
| ABNB Airbnb Inc. Class A | 1.10% | 15,815 | $2.1M | New |
| PPLI People Inc. filed as IAC INC | 1.09% | 55,290 | $2.1M | Add +17.9% |
| QQQ Invesco QQQ Trust Series 1 | 1.05% | 3,634 | $2.0M | Add +20.2% |
| JEF Jefferies Financial Group Inc. | 1.04% | 36,012 | $2.0M | Reduce -7.7% |
| JNJ Johnson & Johnson | 1.02% | 12,731 | $1.9M | Add +16.0% |
| WSO Watsco Inc. | 0.99% | 4,266 | $1.9M | Reduce -2.2% |
| WMT Walmart Inc. | 0.99% | 19,247 | $1.9M | Add +3.9% |
| LEVI Levi Strauss & Co. Class A | 0.95% | 97,860 | $1.8M | Reduce -6.0% |
| DIHP Dimensional International Hi | 0.94% | 60,631 | $1.8M | Reduce -8.5% |
| AMD Advanced Micro Devices | 0.91% | 12,205 | $1.7M | Add +15.3% |
| GMED Globus Medical Inc. Class A | 0.89% | 28,509 | $1.7M | No change |
| DBX Dropbox Inc. Class A | 0.83% | 54,925 | $1.6M | Reduce -9.0% |
| SCHX Schwab US Large-Cap ETF | 0.82% | 63,551 | $1.6M | Add +0.0% |
| LMT Lockheed Martin Corp. | 0.79% | 3,225 | $1.5M | Add +6.9% |
| PII Polaris Inc. | 0.68% | 31,802 | $1.3M | Add +6.0% |
| CIVI Civitas Resources Inc. | 0.65% | 45,081 | $1.2M | Reduce -1.2% |
| TSLA Tesla Inc. | 0.62% | 3,717 | $1.2M | Add +17.9% |
| CBOE Cboe Global Markets Inc. | 0.58% | 4,716 | $1.1M | New |
| CG The Carlyle Group Inc. | 0.52% | 19,245 | $989K | Add +5.8% |
| AMGN Amgen Inc. | 0.51% | 3,493 | $975K | Add +15.5% |
| SPOT Spotify Technology SA | 0.51% | 1,253 | $961K | New |
| PLTR Palantir Technologies Inc. Class A | 0.47% | 6,609 | $901K | Reduce -20.0% |
| NKE Nike Inc. Class B | 0.47% | 12,453 | $885K | Add +6.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.45% | 9,335 | $851K | Reduce -13.8% |
| TOST Toast Inc. Class A | 0.42% | 17,808 | $789K | Add +1.3% |
| VVV Valvoline Inc. | 0.40% | 20,308 | $769K | Reduce -68.8% |
| T AT&T Inc. | 0.40% | 26,522 | $768K | Add +23.2% |
| NEE Nextera Energy Inc. | 0.40% | 10,851 | $753K | Add +111.3% |
| REG Regency Centers Corp. | 0.39% | 10,290 | $733K | No change |
| JPM JPMorgan Chase & Co. | 0.33% | 2,190 | $635K | Add +3.1% |
| CME Cme Group Inc. | 0.32% | 2,183 | $602K | No change |
| META Meta Platforms Inc. Class A | 0.31% | 791 | $584K | Add +5.6% |
| GOOG Alphabet Inc. Class C | 0.29% | 3,149 | $559K | Add +3.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 1,705 | $503K | New |
| ABBV Abbvie Inc. | 0.26% | 2,677 | $497K | Add +2.1% |
| DGRO iShares Core Dividend Growth | 0.25% | 7,479 | $478K | No change |
| ARCC Ares Capital Corp. | 0.24% | 20,959 | $460K | No change |
| LYB Lyondellbasell Indu Class A | 0.21% | 6,795 | $393K | Reduce -2.9% |
| PWR Quanta Services Inc. | 0.21% | 1,031 | $390K | No change |
| HD Home Depot Inc. | 0.20% | 1,044 | $383K | Add +1.5% |
| APD Air Products & Chemicals Inc. | 0.17% | 1,165 | $329K | Add +3.4% |
| XLV SS Health Care Select Sector | 0.17% | 2,425 | $327K | No change |
| ONIT Onity Group Inc. | 0.17% | 8,338 | $318K | New |
| GLD SPDR Gold Shares | 0.17% | 1,041 | $317K | Add +16.8% |
| IVV iShares Core S&P 500 ETF | 0.16% | 479 | $297K | Reduce -0.4% |
| CAT Caterpillar Inc. | 0.16% | 763 | $296K | No change |
| MAIN Main Street Capital Corp. | 0.16% | 5,000 | $296K | No change |
| CSX CSX Corp. | 0.15% | 8,738 | $285K | Reduce -56.8% |
| COST Costco Wholesale Corp. | 0.15% | 284 | $281K | Add +10.1% |
| KMI Kinder Morgan Inc. | 0.14% | 8,974 | $264K | Add +0.1% |
| IWY iShares Russell Top 200 Grow | 0.14% | 1,064 | $262K | Reduce -43.1% |
| MPLX MPLX LP | 0.14% | 5,000 | $258K | No change |
| ENB Enbridge Inc. | 0.13% | 5,532 | $251K | No change |
| TT Trane Technologies PLC | 0.13% | 571 | $250K | New |
| MO Altria Group Inc. | 0.13% | 4,250 | $249K | No change |
| PG The Procter & Gamble Co. | 0.13% | 1,542 | $246K | Add +18.6% |
| MA Mastercard Inc. Class A | 0.13% | 428 | $241K | No change |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.13% | 750 | $240K | No change |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 0.12% | 28,613 | $230K | New |
| KO The Coca-Cola Co. | 0.12% | 3,204 | $227K | New |
| LDRX Sgi Enhanced Market Lea ETF | 0.11% | 7,268 | $214K | New |
| VZ Verizon Communications Inc. | 0.11% | 4,861 | $210K | Reduce -37.6% |
| EPD Enterprise Products Partners | 0.11% | 6,653 | $206K | No change |
Other holdings (5): bonds, preferreds, convertibles and warrants · $56.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 26,400,000 | $22.0M | Add +60.0% |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | 20,463,000 | $16.2M | Add +7.9% |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 9,000,000 | $9.1M | New |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 7,110,000 | $7.0M | No change |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | 2,503,000 | $2.0M | New |
Total filed on the 13F, all lines: $246.3M.
Portfolio Sells Q1 2025 → Q2 2025
| VVV Valvoline Inc. | Reduce -68.8% | 0.40% | −0.97 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 3.33% | −0.92 |
| DUHP Dimensional US High Profi Et | Reduce -2.6% | 7.81% | −0.78 |
| JUCY Aptus Enhanced Yield ETF | Reduce -10.8% | 2.28% | −0.74 |
| RITM Rithm Capital Corp. | Sold out | 0.00% | −0.57 |
| SMPL The Simply Good Foods Co. | Sold out | 0.00% | −0.45 |
| CPRT Copart Inc. | Reduce -0.5% | 1.34% | −0.45 |
| AAPL Apple Inc. | Reduce -6.4% | 1.22% | −0.40 |
| WSO Watsco Inc. | Reduce -2.2% | 0.99% | −0.35 |
| REFI Chicago Atlantic Real Estate | Reduce -0.4% | 1.58% | −0.34 |
| GRMN Garmin Ltd. | Reduce -4.6% | 1.31% | −0.33 |
| BGC BGC Group Inc. Class A | Sold out | 0.00% | −0.32 |
| CIVI Civitas Resources Inc. | Reduce -1.2% | 0.65% | −0.31 |
| JEF Jefferies Financial Group Inc. | Reduce -7.7% | 1.04% | −0.23 |
| CSX CSX Corp. | Reduce -56.8% | 0.15% | −0.21 |
| NMRK Newmark Group Inc. Class A | Sold out | 0.00% | −0.20 |
| DBX Dropbox Inc. Class A | Reduce -9.0% | 0.83% | −0.15 |
| MKL Markel Group Inc. | Reduce -3.7% | 1.21% | −0.14 |
| DIHP Dimensional International Hi | Reduce -8.5% | 0.94% | −0.14 |
| AWI Armstrong World Industries | Sold out | 0.00% | −0.13 |
| DFAS Dimensional US Small Cap ETF | Sold out | 0.00% | −0.13 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.13 |
| COP Conocophillips | Sold out | 0.00% | −0.12 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.12 |
| VZ Verizon Communications Inc. | Reduce -37.6% | 0.11% | −0.10 |
| BNY Bank of New York Mellon Corp. | Reduce -13.8% | 0.45% | −0.10 |
| IWY iShares Russell Top 200 Grow | Reduce -43.1% | 0.14% | −0.10 |
| LLYVA Liberty Media Corp.-Liberty-A | Reduce -7.2% | 1.93% | −0.09 |
| LYB Lyondellbasell Indu Class A | Reduce -2.9% | 0.21% | −0.09 |
| LEVI Levi Strauss & Co. Class A | Reduce -6.0% | 0.95% | −0.03 |
| MSOS Advisorshares Pure US Cann | Reduce -5.8% | 0.05% | −0.02 |
| TTWO Take-Two Interactive Softwre | Reduce -2.9% | 1.53% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -0.4% | 0.16% | −0.01 |
| PLTR Palantir Technologies Inc. Class A | Reduce -20.0% | 0.47% | +0.05 |
| SII Sprott Inc. | Reduce -1.8% | 1.45% | +0.35 |
Portfolio Buys Q1 2025 → Q2 2025
| AGG iShares Core U.S. Aggregate | Add +543.3% | 1.49% | +1.23 |
| SMG Scotts Miracle-Gro Co. | New | 1.21% | +1.21 |
| FWONK Liberty Media Corp. Class C | New | 1.15% | +1.15 |
| GRBK Green Brick Partners Inc. | New | 1.12% | +1.12 |
| ABNB Airbnb Inc. Class A | New | 1.10% | +1.10 |
| BATRK Atlanta Braves Holdings in-C | Add +76.2% | 1.84% | +0.81 |
| FN Fabrinet | Add +16.6% | 1.91% | +0.65 |
| WNS WNS Holdings Ltd. | Add +116.0% | 1.24% | +0.60 |
| CBOE Cboe Global Markets Inc. | New | 0.58% | +0.58 |
| NVDA Nvidia Corp. | Add +11.4% | 1.78% | +0.52 |
| SPOT Spotify Technology SA | New | 0.51% | +0.51 |
| MSFT Microsoft Corp. | Add +16.2% | 1.59% | +0.40 |
| PM Philip Morris International | Add +15.9% | 2.08% | +0.28 |
| IBM Intl Business Machines Corp. | New | 0.26% | +0.26 |
| AMD Advanced Micro Devices | Add +15.3% | 0.91% | +0.25 |
| DLTR Dollar Tree Inc. | Add +2.1% | 1.52% | +0.22 |
| GOOGL Alphabet Inc. Class A | Add +7.8% | 3.49% | +0.22 |
| QQQ Invesco QQQ Trust Series 1 | Add +20.2% | 1.05% | +0.20 |
| NEE Nextera Energy Inc. | Add +111.3% | 0.40% | +0.18 |
| ONIT Onity Group Inc. | New | 0.17% | +0.17 |
| TT Trane Technologies PLC | New | 0.13% | +0.13 |
| TSLA Tesla Inc. | Add +17.9% | 0.62% | +0.13 |
| CALY Callaway Golf Company | New | 0.12% | +0.12 |
| KO The Coca-Cola Co. | New | 0.12% | +0.12 |
| LDRX Sgi Enhanced Market Lea ETF | New | 0.11% | +0.11 |
| CSCO Cisco Systems Inc. | New | 0.11% | +0.11 |
| TRIP Tripadvisor Inc. | New | 0.10% | +0.10 |
| FCX Freeport-McMoran Inc. | Add +9.6% | 1.14% | +0.10 |
| TOST Toast Inc. Class A | Add +1.3% | 0.42% | +0.06 |
| SEED Origin Agritech Ltd. | New | 0.05% | +0.05 |
| MTCH Match Group Inc. | Add +20.6% | 1.36% | +0.05 |
| META Meta Platforms Inc. Class A | Add +5.6% | 0.31% | +0.05 |
| CG The Carlyle Group Inc. | Add +5.8% | 0.52% | +0.04 |
| T AT&T Inc. | Add +23.2% | 0.40% | +0.04 |
| AMZN Amazon.com Inc. | Add +1.7% | 1.27% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +3.1% | 0.33% | +0.02 |
| NKE Nike Inc. Class B | Add +6.6% | 0.47% | +0.02 |
| GLD SPDR Gold Shares | Add +16.8% | 0.17% | +0.01 |
| WMT Walmart Inc. | Add +3.9% | 0.99% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +3.3% | 0.29% | +0.01 |
| COST Costco Wholesale Corp. | Add +10.1% | 0.15% | +0.00 |
| PG The Procter & Gamble Co. | Add +18.6% | 0.13% | −0.00 |
| AYI Acuity Inc. | Add +0.6% | 1.29% | −0.01 |
| KMI Kinder Morgan Inc. | Add +0.1% | 0.14% | −0.02 |
| HD Home Depot Inc. | Add +1.5% | 0.20% | −0.03 |
| APD Air Products & Chemicals Inc. | Add +3.4% | 0.17% | −0.03 |
| LMT Lockheed Martin Corp. | Add +6.9% | 0.79% | −0.03 |
| SCHX Schwab US Large-Cap ETF | Add +0.0% | 0.82% | −0.03 |
| SKX Skechers USA Inc. Class A | Add +1.0% | 1.86% | −0.04 |
| SSNC Ss&c Technologies Holdings | Add +10.7% | 1.11% | −0.05 |
Notes & Other Activity Q1 2025 → Q2 2025
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | Add +60.0% | 26,400,000 | $22.0M |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | Add +7.9% | 20,463,000 | $16.2M |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | New | 9,000,000 | $9.1M |
| THE REALREAL INC (REAL 3 06/15/25) | NOTE 3.000% 6/1 · principal | Sold out | 3,146,000 | $3.1Mbefore exit |
| CTO REALTY GROWTH INC (CTO 3.875 04/15/25 *) | NOTE 3.875% 4/1 · principal | Sold out | 1,496,000 | $2.1Mbefore exit |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | New | 2,503,000 | $2.0M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 105 | $237.8M | DUHP, GOOGL, CEF, BRK.B, LIEN |
| Q1 2026 | 102 | $212.3M | DUHP, GOOGL, CEF, LIEN, IAU |
| Q4 2025 | 102 | $207.4M | DUHP, GOOGL, CEF, LIEN, BRK.B |
| Q3 2025 | 105 | $204.4M | DUHP, GOOGL, CEF, LIEN, BRK.B |
| Q2 2025 | 107 | $190.0M | DUHP, LIEN, CEF, GOOGL, BRK.B |
| Q1 2025 | 101 | $165.3M | DUHP, LIEN, BRK.B, CEF, GOOGL |
| Q4 2024 | 102 | $158.8M | DUHP, REFI, LIEN, JUCY, GOOGL |
| Q3 2024 | 99 | $180.3M | GROUPON INC (GRPN 1.125 03/15/26), DUHP, JUCY, CHEGG INC (CHGG 0.125 03/15/25), FRPH |
| Q2 2024 | 96 | $157.1M | DUHP, GROUPON INC (GRPN 1.125 03/15/26), TURNING POINT BRANDS INC (TPB 2.5 07/15/24), JUCY, FRPH |
| Q1 2024 | 93 | $154.3M | JUCY, DUHP, REFI, FRPH, BRK.B |