Intrepid Capital Management Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Intrepid Capital Management Inc. reported 102 stock positions worth $212.3 million. Its top holding was Dimensional US High Profi Et (DUHP) at 8.2% of the portfolio, followed by Alphabet Class A (GOOGL, 5.1%) and Sprott Physical Gold and Sil (CEF, 4.6%). Compared with Q4 2025, it opened 4 new positions, sold out of 4, added to 60 and reduced 10. The biggest buy was a new position in JM Smucker (SJM) and the biggest sale an exit from iShares Core U.S. Aggregate (AGG).

Most Recent 13F
Q2 2026
Location
JACKSONVILLE BEACH, FL
CIK
0001092838
Portfolio Value
$212.3M (Q1 2026)
SEC Filing
0001092838-26-000002 ↗ filed May 15, 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 Q4 2025 Q1 2026: $212.3M $212.3M Q1 2026 Q2 2026: $237.8M Q2 2026

Holdings 102 stocks · $212.3M
DUHP Dimensional US High Profi Et 8.16% 471,202 $17.3M Add +2.0%
GOOGL Alphabet Inc. Class A 5.08% 37,520 $10.8M Reduce -0.2%
CEF Sprott Physical Gold and Sil 4.58% 203,948 $9.7M Reduce -7.3%
LIEN Chicago Atlantic BDC Inc. 3.33% 756,185 $7.1M Reduce -0.4%
IAU iShares Gold Trust 3.17% 76,246 $6.7M Add +2.1%
BRK.B Berkshire Hathaway Inc. Class B 3.08% 13,658 $6.5M Add +3.0%
SII Sprott Inc. 2.76% 41,048 $5.9M Add +3.3%
MSGS Madison Square Garden Sports 2.15% 14,187 $4.6M Add +3.3%
LLYVA Liberty Live Holdings Class A 2.06% 47,791 $4.4M Add +3.6%
DIHP Dimensional International Hi 2.00% 131,891 $4.2M Add +9.1%
PM Philip Morris International 1.99% 25,552 $4.2M Add +7.3%
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 1.82% 176,483 $3.9M Add +2.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.82% 24,164 $3.9M Add +1.3%
UNF Unifirst Corp. 1.76% 14,885 $3.7M Add +4.0%
PR Permian Resources Corp. Class A 1.76% 175,355 $3.7M Add +1.9%
NVDA Nvidia Corp. 1.76% 21,415 $3.7M Add +1.1%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.73% 55,496 $3.7M Add +4.5%
FWONK Liberty Media Corp. Class C 1.57% 39,291 $3.3M Add +26.3%
DLTR Dollar Tree Inc. 1.57% 30,389 $3.3M Add +4.0%
BATRK Atlanta Braves Holdings in-C 1.53% 76,293 $3.3M Add +2.0%
JNJ Johnson & Johnson 1.49% 12,926 $3.2M Add +1.1%
MKL Markel Group Inc. 1.41% 1,561 $3.0M Add +4.5%
AAPL Apple Inc. 1.40% 11,712 $3.0M Add +5.9%
GRMN Garmin Ltd. 1.34% 12,267 $2.8M Add +3.2%
HHH Howard Hughes Holdings Inc. 1.32% 44,276 $2.8M Add +8.7%
QQQ Invesco QQQ Trust Series 1 1.30% 4,772 $2.8M Add +0.4%
MTCH Match Group Inc. 1.26% 86,904 $2.7M Add +4.1%
MSFT Microsoft Corp. 1.19% 6,842 $2.5M Add +15.2%
SJM The JM Smucker Co. filed as SMUCKER J M CO 1.17% 25,720 $2.5M New
GMED Globus Medical Inc. Class A 1.16% 28,509 $2.5M No change
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 1.14% 24,687 $2.4M Add +1.7%
WMT Walmart Inc. 1.14% 19,447 $2.4M Add +0.5%
IPAR Interparfums Inc. 1.14% 26,539 $2.4M New
TTWO Take-Two Interactive Softwre 1.12% 11,989 $2.4M No change
AYI Acuity Inc. 1.08% 8,205 $2.3M No change
FCX Freeport-McMoran Inc. 1.07% 38,760 $2.3M Add +2.3%
GRBK Green Brick Partners Inc. 1.06% 34,901 $2.2M Add +3.3%
AMZN Amazon.com Inc. 1.06% 10,755 $2.2M Add +2.5%
PPLI People Inc. filed as IAC INC 1.04% 55,097 $2.2M Reduce -0.3%
SMG Scotts Miracle-Gro Co. 1.03% 35,930 $2.2M Add +2.8%
SPOT Spotify Technology SA 0.98% 4,279 $2.1M Add +104.3%
ABNB Airbnb Inc. Class A 0.96% 16,074 $2.0M Add +1.6%
LMT Lockheed Martin Corp. 0.95% 3,329 $2.0M Add +1.3%
AMD Advanced Micro Devices 0.91% 9,527 $1.9M Add +3.8%
LEVI Levi Strauss & Co. Class A 0.88% 101,462 $1.9M Add +3.7%
SSNC Ss&c Technologies Holdings 0.84% 26,399 $1.8M Add +4.0%
CPRT Copart Inc. 0.84% 53,583 $1.8M Add +3.5%
PII Polaris Inc. 0.81% 31,706 $1.7M No change
AMGN Amgen Inc. 0.76% 4,607 $1.6M Add +0.6%
WSO Watsco Inc. 0.73% 4,254 $1.5M No change
JEF Jefferies Financial Group Inc. 0.70% 36,012 $1.5M No change
TSLA Tesla Inc. 0.70% 3,973 $1.5M Add +8.6%
BRK.A Berkshire Hathaway Inc. Class A 0.68% 2 $1.4M New
WM Waste Management Inc. 0.64% 5,880 $1.4M Add +21.2%
CBOE Cboe Global Markets Inc. 0.62% 4,716 $1.3M No change
DBX Dropbox Inc. Class A 0.59% 54,769 $1.2M Reduce -0.2%
FISV Fiserv Inc. 0.45% 17,038 $951K No change
CG The Carlyle Group Inc. 0.43% 18,761 $908K Add +0.9%
T AT&T Inc. 0.42% 30,677 $889K Add +1.2%
GOOG Alphabet Inc. Class C 0.41% 3,049 $875K No change
REFI Chicago Atlantic Real Estate 0.39% 73,922 $837K No change
SCHX Schwab US Large-Cap ETF 0.39% 32,581 $835K Add +0.0%
NEE Nextera Energy Inc. 0.38% 8,634 $802K Reduce -12.9%
CME Cme Group Inc. 0.36% 2,620 $774K Add +20.0%
MSOS Advisorshares Pure US Cann 0.35% 212,250 $753K Reduce -2.1%
VVV Valvoline Inc. 0.34% 21,578 $727K Add +19.9%
REG Regency Centers Corp. 0.32% 8,966 $678K No change
ABBV Abbvie Inc. 0.31% 3,015 $656K Add +1.0%
JPM JPMorgan Chase & Co. 0.26% 1,892 $557K No change
CAT Caterpillar Inc. 0.25% 763 $541K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.25% 4,518 $536K No change
DGRO iShares Core Dividend Growth 0.25% 7,479 $525K No change
TOST Toast Inc. Class A 0.23% 18,295 $485K Add +2.5%
XLV SS Health Care Select Sector 0.23% 3,298 $484K Add +0.2%
PLTR Palantir Technologies Inc. Class A 0.22% 3,235 $473K Reduce -49.5%
META Meta Platforms Inc. Class A 0.22% 804 $460K Add +5.9%
GLD SPDR Gold Shares 0.21% 1,041 $448K Add +3.5%
ONIT Onity Group Inc. 0.18% 9,894 $389K Add +21.1%
HD Home Depot Inc. 0.18% 1,152 $379K Add +8.7%
ARCC Ares Capital Corp. 0.18% 20,959 $378K No change
KMI Kinder Morgan Inc. 0.17% 10,804 $362K Reduce -1.9%
FN Fabrinet 0.17% 672 $350K No change
CVX Chevron Corp. 0.15% 1,517 $314K Add +15.2%
ENB Enbridge Inc. 0.14% 5,532 $300K No change
IVV iShares Core S&P 500 ETF 0.14% 449 $293K No change
MPLX MPLX LP 0.13% 5,000 $285K No change
COST Costco Wholesale Corp. 0.13% 286 $285K Add +0.7%
PWR Quanta Services Inc. 0.13% 486 $267K No change
MAIN Main Street Capital Corp. 0.12% 5,000 $265K No change
KO The Coca-Cola Co. 0.12% 3,478 $264K Add +6.4%
MO Altria Group Inc. 0.12% 4,000 $264K No change
IWY iShares Russell Top 200 Grow 0.12% 1,024 $255K No change
XOM Exxon Mobil Corp. 0.12% 1,491 $253K New
MRK Merck & Co. Inc. 0.12% 2,055 $247K Add +0.5%
TT Trane Technologies PLC 0.11% 577 $240K No change
LDRX Sgi Enhanced Market Lea ETF 0.10% 7,268 $223K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 885 $214K Reduce -44.9%
MA Mastercard Inc. Class A 0.10% 428 $214K No change
CSCO Cisco Systems Inc. 0.10% 2,718 $211K Add +0.1%
PG The Procter & Gamble Co. 0.10% 1,398 $202K Add +0.1%
TRIP Tripadvisor Inc. 0.08% 16,882 $180K Add +14.2%
JOB Gee Group Inc. 0.01% 71,429 $17K No change
Other holdings (4): bonds, preferreds, convertibles and warrants · $48.3M (not counted above)
SecurityClassShares / PrincipalValueChange
GROUPON INC (GRPN 4.875 06/30/30 UNRS) NOTE 4.875% 6/3 · principal 19,250,000$15.8MNo change
CERENCE INC (CRNC 1.5 07/01/28) NOTE 1.500% 7/0 · principal 15,000,000$13.3MAdd +11.1%
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal 10,940,000$9.8MAdd +82.8%
PENNYMAC CORP (PMT 8.5 06/01/29) NOTE 8.500% 6/0 · principal 9,000,000$9.4MNo change

Total filed on the 13F, all lines: $260.5M.

Portfolio Sells Q4 2025 → Q1 2026
AGG iShares Core U.S. Aggregate Sold out 0.00% −1.89
GOOGL Alphabet Inc. Class A Reduce -0.2% 5.08% −0.59
LIEN Chicago Atlantic BDC Inc. Reduce -0.4% 3.33% −0.45
PLTR Palantir Technologies Inc. Class A Reduce -49.5% 0.22% −0.33
CEF Sprott Physical Gold and Sil Reduce -7.3% 4.58% −0.27
DBX Dropbox Inc. Class A Reduce -0.2% 0.59% −0.15
MSOS Advisorshares Pure US Cann Reduce -2.1% 0.35% −0.14
APD Air Products & Chemicals Inc. Sold out 0.00% −0.14
IBM Intl Business Machines Corp. Reduce -44.9% 0.10% −0.13
NKE Nike Inc. Class B Sold out 0.00% −0.10
GE General Electric Sold out 0.00% −0.10
NEE Nextera Energy Inc. Reduce -12.9% 0.38% −0.01
PPLI People Inc. Reduce -0.3% 1.04% −0.00
KMI Kinder Morgan Inc. Reduce -1.9% 0.17% +0.02

Portfolio Buys Q4 2025 → Q1 2026
SJM The JM Smucker Co. New 1.17% +1.17
IPAR Interparfums Inc. New 1.14% +1.14
SII Sprott Inc. Add +3.3% 2.76% +0.89
BRK.A Berkshire Hathaway Inc. Class A New 0.68% +0.68
PR Permian Resources Corp. Class A Add +1.9% 1.76% +0.60
MSGS Madison Square Garden Sports Add +3.3% 2.15% +0.44
UNF Unifirst Corp. Add +4.0% 1.76% +0.43
SPOT Spotify Technology SA Add +104.3% 0.98% +0.39
LLYVA Liberty Live Holdings Class A Add +3.6% 2.06% +0.25
IAU iShares Gold Trust Add +2.1% 3.17% +0.25
JNJ Johnson & Johnson Add +1.1% 1.49% +0.21
LMT Lockheed Martin Corp. Add +1.3% 0.95% +0.18
GRMN Garmin Ltd. Add +3.2% 1.34% +0.18
DIHP Dimensional International Hi Add +9.1% 2.00% +0.16
PM Philip Morris International Add +7.3% 1.99% +0.15
FCX Freeport-McMoran Inc. Add +2.3% 1.07% +0.15
WM Waste Management Inc. Add +21.2% 0.64% +0.12
XOM Exxon Mobil Corp. New 0.12% +0.12
BATRK Atlanta Braves Holdings in-C Add +2.0% 1.53% +0.11
WMT Walmart Inc. Add +0.5% 1.14% +0.10
FWONK Liberty Media Corp. Class C Add +26.3% 1.57% +0.10
BJ Bj's Wholesale Club Holdings Add +1.7% 1.14% +0.09
VVV Valvoline Inc. Add +19.9% 0.34% +0.09
CME Cme Group Inc. Add +20.0% 0.36% +0.08
T AT&T Inc. Add +1.2% 0.42% +0.06
CVX Chevron Corp. Add +15.2% 0.15% +0.05
TJX TJX Companies Inc. Add +1.3% 1.82% +0.05
SMG Scotts Miracle-Gro Co. Add +2.8% 1.03% +0.05
AMGN Amgen Inc. Add +0.6% 0.76% +0.04
GRBK Green Brick Partners Inc. Add +3.3% 1.06% +0.04
GLD SPDR Gold Shares Add +3.5% 0.21% +0.02
COST Costco Wholesale Corp. Add +0.7% 0.13% +0.02
KO The Coca-Cola Co. Add +6.4% 0.12% +0.01
MRK Merck & Co. Inc. Add +0.5% 0.12% +0.01
ONIT Onity Group Inc. Add +21.1% 0.18% +0.00
HD Home Depot Inc. Add +8.7% 0.18% +0.00
PG The Procter & Gamble Co. Add +0.1% 0.10% −0.00
CSCO Cisco Systems Inc. Add +0.1% 0.10% −0.00
XLV SS Health Care Select Sector Add +0.2% 0.23% −0.02
TRIP Tripadvisor Inc. Add +14.2% 0.08% −0.02
ABBV Abbvie Inc. Add +1.0% 0.31% −0.02
META Meta Platforms Inc. Class A Add +5.9% 0.22% −0.02
SCHX Schwab US Large-Cap ETF Add +0.0% 0.39% −0.03
AMD Advanced Micro Devices Add +3.8% 0.91% −0.03
MTCH Match Group Inc. Add +4.1% 1.26% −0.04
AAPL Apple Inc. Add +5.9% 1.40% −0.05
WRB WR Berkley Corp. Add +4.5% 1.73% −0.06
TOST Toast Inc. Class A Add +2.5% 0.23% −0.08
ABNB Airbnb Inc. Class A Add +1.6% 0.96% −0.08
FRPH FRP Holdings Inc. Add +2.1% 1.82% −0.08

Notes & Other Activity Q4 2025 → Q1 2026
CERENCE INC (CRNC 1.5 07/01/28) NOTE 1.500% 7/0 · principal Add +11.1% 15,000,000 $13.3M
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal Add +82.8% 10,940,000 $9.8M
PENNYMAC CORP (PMT 5.5 03/15/26) NOTE 5.500% 3/1 · principal Sold out 7,110,000 $7.1Mbefore exit

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