Intrepid Capital Management Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Intrepid Capital Management Inc. reported 102 stock positions worth $207.4 million. Its top holding was Dimensional US High Profi Et (DUHP) at 8.5% of the portfolio, followed by Alphabet Class A (GOOGL, 5.7%) and Sprott Physical Gold and Sil (CEF, 4.9%). Compared with Q3 2025, it opened 5 new positions, sold out of 8, added to 25 and reduced 34. The biggest buy was a new position in Unifirst (UNF) and the biggest sale Fabrinet (FN, shares −95%).

Most Recent 13F
Q2 2026
Location
JACKSONVILLE BEACH, FL
CIK
0001092838
Portfolio Value
$207.4M (Q4 2025)
SEC Filing
0001092838-26-000001 ↗ filed Feb 13, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $154.3M Q1 2024 Q2 2024: $157.1M Q2 2024 Q3 2024: $180.3M Q3 2024 Q4 2024: $158.8M Q4 2024 Q1 2025: $165.3M Q1 2025 Q2 2025: $190.0M Q2 2025 Q3 2025: $204.4M Q3 2025 Q4 2025: $207.4M $207.4M Q4 2025 Q1 2026: $212.3M Q1 2026 Q2 2026: $237.8M Q2 2026

Holdings 102 stocks · $207.4M
DUHP Dimensional US High Profi Et 8.47% 462,076 $17.6M Add +1.4%
GOOGL Alphabet Inc. Class A 5.67% 37,599 $11.8M Reduce -0.0%
CEF Sprott Physical Gold and Sil 4.86% 220,068 $10.1M Reduce -2.5%
LIEN Chicago Atlantic BDC Inc. 3.78% 759,303 $7.8M No change
BRK.B Berkshire Hathaway Inc. Class B 3.21% 13,258 $6.7M Add +0.2%
IAU iShares Gold Trust 2.92% 74,648 $6.1M No change
NVDA Nvidia Corp. 1.91% 21,189 $4.0M Reduce -0.3%
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 1.90% 172,786 $3.9M Reduce -2.1%
AGG iShares Core U.S. Aggregate 1.89% 39,218 $3.9M Add +0.7%
SII Sprott Inc. 1.88% 39,752 $3.9M No change
DIHP Dimensional International Hi 1.85% 120,943 $3.8M Add +7.0%
PM Philip Morris International 1.84% 23,804 $3.8M Add +4.2%
LLYVA Liberty Live Holdings Class A 1.81% 46,149 $3.8M No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.79% 53,097 $3.7M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.77% 23,856 $3.7M Reduce -0.0%
DLTR Dollar Tree Inc. 1.73% 29,214 $3.6M No change
MSGS Madison Square Garden Sports 1.71% 13,734 $3.6M No change
HHH Howard Hughes Holdings Inc. 1.57% 40,732 $3.2M Add +2.7%
MKL Markel Group Inc. 1.55% 1,493 $3.2M No change
TTWO Take-Two Interactive Softwre 1.48% 11,989 $3.1M No change
FWONK Liberty Media Corp. Class C 1.48% 31,106 $3.1M Add +8.5%
AAPL Apple Inc. 1.45% 11,062 $3.0M Reduce -0.6%
AYI Acuity Inc. 1.42% 8,205 $3.0M No change
BATRK Atlanta Braves Holdings in-C 1.42% 74,771 $2.9M Reduce -0.0%
QQQ Invesco QQQ Trust Series 1 1.41% 4,752 $2.9M Reduce -5.0%
MSFT Microsoft Corp. 1.39% 5,942 $2.9M Add +0.0%
UNF Unifirst Corp. 1.33% 14,310 $2.8M New
MTCH Match Group Inc. 1.30% 83,477 $2.7M Reduce -0.0%
JNJ Johnson & Johnson 1.28% 12,789 $2.6M Add +0.0%
GMED Globus Medical Inc. Class A 1.20% 28,509 $2.5M No change
AMZN Amazon.com Inc. 1.17% 10,489 $2.4M No change
PR Permian Resources Corp. Class A 1.16% 172,000 $2.4M New
GRMN Garmin Ltd. 1.16% 11,882 $2.4M Reduce -0.0%
JEF Jefferies Financial Group Inc. 1.08% 36,012 $2.2M No change
SSNC Ss&c Technologies Holdings 1.07% 25,381 $2.2M No change
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 1.05% 24,276 $2.2M Reduce -0.2%
PPLI People Inc. filed as IAC INC 1.04% 55,249 $2.2M Reduce -0.1%
WMT Walmart Inc. 1.04% 19,345 $2.2M Add +1.8%
ABNB Airbnb Inc. Class A 1.03% 15,815 $2.1M No change
GRBK Green Brick Partners Inc. 1.02% 33,800 $2.1M No change
SMG Scotts Miracle-Gro Co. 0.98% 34,942 $2.0M No change
LEVI Levi Strauss & Co. Class A 0.98% 97,860 $2.0M No change
CPRT Copart Inc. 0.98% 51,758 $2.0M No change
PII Polaris Inc. 0.97% 31,706 $2.0M No change
AMD Advanced Micro Devices 0.95% 9,180 $2.0M Reduce -22.3%
FCX Freeport-McMoran Inc. 0.93% 37,894 $1.9M Add +0.0%
TSLA Tesla Inc. 0.79% 3,657 $1.6M Add +1.5%
LMT Lockheed Martin Corp. 0.77% 3,285 $1.6M Add +3.4%
DBX Dropbox Inc. Class A 0.74% 54,901 $1.5M Reduce -0.0%
AMGN Amgen Inc. 0.72% 4,581 $1.5M Add +9.8%
WSO Watsco Inc. 0.69% 4,254 $1.4M Reduce -0.3%
SPOT Spotify Technology SA 0.59% 2,094 $1.2M Add +33.9%
CBOE Cboe Global Markets Inc. 0.57% 4,716 $1.2M No change
FISV Fiserv Inc. 0.55% 17,038 $1.1M New
PLTR Palantir Technologies Inc. Class A 0.55% 6,412 $1.1M Reduce -0.0%
CG The Carlyle Group Inc. 0.53% 18,590 $1.1M Add +0.0%
WM Waste Management Inc. 0.51% 4,851 $1.1M Add +48.3%
MSOS Advisorshares Pure US Cann 0.49% 216,750 $1.0M Add +466.7%
GOOG Alphabet Inc. Class C 0.46% 3,049 $957K Reduce -3.2%
REFI Chicago Atlantic Real Estate 0.44% 73,922 $906K Reduce -65.6%
SCHX Schwab US Large-Cap ETF 0.42% 32,576 $877K Reduce -48.8%
NEE Nextera Energy Inc. 0.38% 9,913 $796K Reduce -7.8%
T AT&T Inc. 0.36% 30,311 $753K Add +8.3%
ABBV Abbvie Inc. 0.33% 2,984 $682K Add +0.0%
TOST Toast Inc. Class A 0.31% 17,843 $634K Add +7.2%
REG Regency Centers Corp. 0.30% 8,966 $619K Reduce -12.9%
JPM JPMorgan Chase & Co. 0.29% 1,892 $610K Reduce -16.5%
CME Cme Group Inc. 0.29% 2,183 $596K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.25% 4,518 $524K No change
VVV Valvoline Inc. 0.25% 17,998 $523K Reduce -11.4%
DGRO iShares Core Dividend Growth 0.25% 7,479 $519K No change
XLV SS Health Care Select Sector 0.25% 3,291 $509K Reduce -24.6%
META Meta Platforms Inc. Class A 0.24% 759 $501K Reduce -1.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.23% 1,606 $476K Reduce -1.0%
CAT Caterpillar Inc. 0.21% 763 $437K No change
ARCC Ares Capital Corp. 0.20% 20,959 $424K No change
GLD SPDR Gold Shares 0.19% 1,006 $399K No change
ONIT Onity Group Inc. 0.18% 8,171 $374K Reduce -2.0%
HD Home Depot Inc. 0.18% 1,060 $365K Reduce -4.8%
IVV iShares Core S&P 500 ETF 0.15% 449 $308K Reduce -6.3%
FN Fabrinet 0.15% 672 $306K Reduce -94.5%
KMI Kinder Morgan Inc. 0.15% 11,010 $303K Add +0.2%
MAIN Main Street Capital Corp. 0.15% 5,000 $302K No change
IWY iShares Russell Top 200 Grow 0.14% 1,024 $284K Reduce -3.8%
APD Air Products & Chemicals Inc. 0.14% 1,142 $282K No change
MPLX MPLX LP 0.13% 5,000 $267K No change
ENB Enbridge Inc. 0.13% 5,532 $265K No change
COST Costco Wholesale Corp. 0.12% 284 $245K No change
MA Mastercard Inc. Class A 0.12% 428 $244K No change
LDRX Sgi Enhanced Market Lea ETF 0.12% 7,268 $239K No change
MO Altria Group Inc. 0.11% 4,000 $231K No change
KO The Coca-Cola Co. 0.11% 3,268 $228K Add +1.4%
TT Trane Technologies PLC 0.11% 577 $225K Add +9.9%
TRIP Tripadvisor Inc. 0.10% 14,784 $215K No change
MRK Merck & Co. Inc. 0.10% 2,044 $215K New
NKE Nike Inc. Class B 0.10% 3,294 $210K Reduce -74.5%
CSCO Cisco Systems Inc. 0.10% 2,716 $209K New
GE General Electric filed as GE AEROSPACE 0.10% 679 $209K Add +0.1%
PWR Quanta Services Inc. 0.10% 486 $205K Reduce -52.9%
CVX Chevron Corp. 0.10% 1,317 $201K Reduce -1.6%
PG The Procter & Gamble Co. 0.10% 1,397 $200K No change
JOB Gee Group Inc. 0.01% 71,429 $14K No change
Other holdings (5): bonds, preferreds, convertibles and warrants · $51.1M (not counted above)
SecurityClassShares / PrincipalValueChange
GROUPON INC (GRPN 4.875 06/30/30 UNRS) NOTE 4.875% 6/3 · principal 19,250,000$17.0MAdd +148.4%
CERENCE INC (CRNC 1.5 07/01/28) NOTE 1.500% 7/0 · principal 13,500,000$12.2MNew
PENNYMAC CORP (PMT 8.5 06/01/29) NOTE 8.500% 6/0 · principal 9,000,000$9.6MNo change
PENNYMAC CORP (PMT 5.5 03/15/26) NOTE 5.500% 3/1 · principal 7,110,000$7.1MNo change
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal 5,984,000$5.2MNew

Total filed on the 13F, all lines: $258.5M.

Portfolio Sells Q3 2025 → Q4 2025
FN Fabrinet Reduce -94.5% 0.15% −2.04
WNS WNS Holdings Ltd. Sold out 0.00% −1.07
REFI Chicago Atlantic Real Estate Reduce -65.6% 0.44% −0.91
SCHX Schwab US Large-Cap ETF Reduce -48.8% 0.42% −0.40
NKE Nike Inc. Class B Reduce -74.5% 0.10% −0.34
GRMN Garmin Ltd. Reduce -0.0% 1.16% −0.27
XLK SS Technology Select Sector Sold out 0.00% −0.24
FRPH FRP Holdings Inc. Reduce -2.1% 1.90% −0.21
WSO Watsco Inc. Reduce -0.3% 0.69% −0.15
CSX CSX Corp. Sold out 0.00% −0.15
XLF SS Financial Select Sector Sold out 0.00% −0.15
MTCH Match Group Inc. Reduce -0.0% 1.30% −0.14
CALY Callaway Golf Company Sold out 0.00% −0.13
AJG Arthur J Gallagher & Co. Sold out 0.00% −0.11
PWR Quanta Services Inc. Reduce -52.9% 0.10% −0.11
VVV Valvoline Inc. Reduce -11.4% 0.25% −0.10
EPD Enterprise Products Partners Sold out 0.00% −0.10
BATRK Atlanta Braves Holdings in-C Reduce -0.0% 1.42% −0.10
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.10
DBX Dropbox Inc. Class A Reduce -0.0% 0.74% −0.08
REG Regency Centers Corp. Reduce -12.9% 0.30% −0.07
QQQ Invesco QQQ Trust Series 1 Reduce -5.0% 1.41% −0.06
BJ Bj's Wholesale Club Holdings Reduce -0.2% 1.05% −0.06
JPM JPMorgan Chase & Co. Reduce -16.5% 0.29% −0.06
XLV SS Health Care Select Sector Reduce -24.6% 0.25% −0.05
HD Home Depot Inc. Reduce -4.8% 0.18% −0.04
META Meta Platforms Inc. Class A Reduce -1.9% 0.24% −0.04
NVDA Nvidia Corp. Reduce -0.3% 1.91% −0.03
PLTR Palantir Technologies Inc. Class A Reduce -0.0% 0.55% −0.02
NEE Nextera Energy Inc. Reduce -7.8% 0.38% −0.01
IVV iShares Core S&P 500 ETF Reduce -6.3% 0.15% −0.01
IWY iShares Russell Top 200 Grow Reduce -3.8% 0.14% −0.01
CVX Chevron Corp. Reduce -1.6% 0.10% −0.01
IBM Intl Business Machines Corp. Reduce -1.0% 0.23% +0.01
AMD Advanced Micro Devices Reduce -22.3% 0.95% +0.01
ONIT Onity Group Inc. Reduce -2.0% 0.18% +0.02
AAPL Apple Inc. Reduce -0.6% 1.45% +0.06
TJX TJX Companies Inc. Reduce -0.0% 1.77% +0.08
GOOG Alphabet Inc. Class C Reduce -3.2% 0.46% +0.09
PPLI People Inc. Reduce -0.1% 1.04% +0.12
CEF Sprott Physical Gold and Sil Reduce -2.5% 4.86% +0.81
GOOGL Alphabet Inc. Class A Reduce -0.0% 5.67% +1.20

Portfolio Buys Q3 2025 → Q4 2025
UNF Unifirst Corp. New 1.33% +1.33
PR Permian Resources Corp. Class A New 1.16% +1.16
FISV Fiserv Inc. New 0.55% +0.55
MSOS Advisorshares Pure US Cann Add +466.7% 0.49% +0.40
FCX Freeport-McMoran Inc. Add +0.0% 0.93% +0.20
DIHP Dimensional International Hi Add +7.0% 1.85% +0.17
WM Waste Management Inc. Add +48.3% 0.51% +0.16
AMGN Amgen Inc. Add +9.8% 0.72% +0.15
JNJ Johnson & Johnson Add +0.0% 1.28% +0.12
MRK Merck & Co. Inc. New 0.10% +0.10
CSCO Cisco Systems Inc. New 0.10% +0.10
WMT Walmart Inc. Add +1.8% 1.04% +0.08
SPOT Spotify Technology SA Add +33.9% 0.59% +0.05
DUHP Dimensional US High Profi Et Add +1.4% 8.47% +0.05
PM Philip Morris International Add +4.2% 1.84% +0.03
FWONK Liberty Media Corp. Class C Add +8.5% 1.48% +0.01
TSLA Tesla Inc. Add +1.5% 0.79% +0.01
TOST Toast Inc. Class A Add +7.2% 0.31% +0.01
KO The Coca-Cola Co. Add +1.4% 0.11% +0.01
GE General Electric Add +0.1% 0.10% +0.00
TT Trane Technologies PLC Add +9.9% 0.11% −0.00
KMI Kinder Morgan Inc. Add +0.2% 0.15% −0.01
ABBV Abbvie Inc. Add +0.0% 0.33% −0.01
LMT Lockheed Martin Corp. Add +3.4% 0.77% −0.01
AGG iShares Core U.S. Aggregate Add +0.7% 1.89% −0.02
T AT&T Inc. Add +8.3% 0.36% −0.02
HHH Howard Hughes Holdings Inc. Add +2.7% 1.57% −0.03
CG The Carlyle Group Inc. Add +0.0% 0.53% −0.04
BRK.B Berkshire Hathaway Inc. Class B Add +0.2% 3.21% −0.04
MSFT Microsoft Corp. Add +0.0% 1.39% −0.12

Notes & Other Activity Q3 2025 → Q4 2025
GREEN PLAINS INC (GPRE 2.25 03/15/27) NOTE 2.250% 3/1 · principal Sold out 27,400,000 $26.2Mbefore exit
GROUPON INC (GRPN 4.875 06/30/30 UNRS) NOTE 4.875% 6/3 · principal Add +148.4% 19,250,000 $17.0M
CERENCE INC (CRNC 1.5 07/01/28) NOTE 1.500% 7/0 · principal New 13,500,000 $12.2M
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal New 5,984,000 $5.2M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 105$237.8MDUHP, GOOGL, CEF, BRK.B, LIEN
Q1 2026 102$212.3MDUHP, GOOGL, CEF, LIEN, IAU
Q4 2025 102$207.4MDUHP, GOOGL, CEF, LIEN, BRK.B
Q3 2025 105$204.4MDUHP, GOOGL, CEF, LIEN, BRK.B
Q2 2025 107$190.0MDUHP, LIEN, CEF, GOOGL, BRK.B
Q1 2025 101$165.3MDUHP, LIEN, BRK.B, CEF, GOOGL
Q4 2024 102$158.8MDUHP, REFI, LIEN, JUCY, GOOGL
Q3 2024 99$180.3MGROUPON INC (GRPN 1.125 03/15/26), DUHP, JUCY, CHEGG INC (CHGG 0.125 03/15/25), FRPH
Q2 2024 96$157.1MDUHP, GROUPON INC (GRPN 1.125 03/15/26), TURNING POINT BRANDS INC (TPB 2.5 07/15/24), JUCY, FRPH
Q1 2024 93$154.3MJUCY, DUHP, REFI, FRPH, BRK.B