JB Capital Partners LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), JB Capital Partners LP reported 79 stock positions worth $476.4 million. Its top holding was Radnet (RDNT) at 15.4% of the portfolio, followed by Ryerson (RYZ, 10.3%) and Builders Firstsource (BLDR, 7.7%). Compared with Q4 2024, it opened 2 new positions, sold out of 4 and added to 9. The biggest buy was a new position in Core Natural Resources (CNR) and the biggest sale an exit from Arch Resources (ARCH).

Most Recent 13F
Q2 2026
Location
Armonk, NY
CIK
0001138532
Portfolio Value
$476.4M (Q1 2025)
SEC Filing
0001213900-25-043366 ↗ filed May 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $532.9M Q1 2024 Q2 2024: $453.5M Q2 2024 Q3 2024: $522.1M Q3 2024 Q4 2024: $522.3M Q4 2024 Q1 2025: $476.4M $476.4M Q1 2025 Q2 2025: $539.5M Q2 2025 Q3 2025: $591.0M Q3 2025 Q4 2025: $581.4M Q4 2025 Q1 2026: $580.5M Q1 2026 Q2 2026: $646.4M Q2 2026

Holdings 79 stocks · $476.4M

RDNT Radnet Inc. 15.39% 1,474,061 $73.3M No change
RYZ Ryerson Holding Corp. 10.27% 2,131,069 $48.9M No change
BLDR Builders Firstsource Inc. 7.67% 292,265 $36.5M No change
CNR Core Natural Resources Inc. 7.55% 466,779 $36.0M New
OPY Oppenheimer Holdings Class A 6.29% 503,954 $30.0M No change
BXC Bluelinx Holdings Inc. 6.20% 393,649 $29.5M No change
NEXN Nexxen International Ltd. 6.12% 3,492,557 $29.2M Add +2490.0%
DAN Dana Inc. 5.15% 1,852,293 $24.5M Add +1.1%
TPC Tutor Perini Corp. 4.35% 894,554 $20.7M No change
CXW Corecivic Inc. 3.60% 845,210 $17.1M No change
VCTR Victory Capital Holding - A 3.36% 276,812 $16.0M No change
LCUT Lifetime Brands Inc. 1.48% 1,447,621 $7.0M Add +16.0%
IESC Ies Holdings Inc. filed as IES HLDGS INC 1.45% 41,845 $6.9M No change
ZEUS Olympic Steel Inc. 1.37% 206,332 $6.5M Add +13.1%
MT Arcelormittal-NY Registered 1.24% 205,000 $5.9M No change
ASTL Algoma Steel Group Inc. 1.13% 992,177 $5.4M No change
CVEO Civeo Corp. 0.94% 193,750 $4.5M No change
DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN 0.82% 957,500 $3.9M Add +622.6%
TSQ Townsquare Media Inc. Class A 0.78% 467,807 $3.7M No change
CIGI Colliers Intl GR-Subord Vot 0.77% 30,104 $3.7M No change
MEC Mayville Engineering Co. Inc. 0.71% 250,512 $3.4M No change
SBGI Sinclair Broadcast Group -A 0.65% 195,000 $3.1M No change
FLNT Fluent Inc. 0.65% 1,415,585 $3.1M Add +0.6%
AXR Amrep Corp. 0.59% 141,360 $2.8M No change
CNDT Conduent Inc. 0.59% 1,038,061 $2.8M No change
CSV Carriage Services Inc. 0.58% 71,007 $2.7M No change
RICK Rci Hospitality Holdings Inc. 0.54% 60,000 $2.6M No change
ATSG Air Transport Services Group 0.51% 109,022 $2.4M No change
GSM Ferroglobe PLC 0.51% 655,000 $2.4M No change
GEO The Geo Group Inc. 0.49% 80,000 $2.3M No change
MG Mistras Group Inc. 0.45% 202,243 $2.1M No change
TWI Titan International Inc. 0.44% 50,000 $2.1M No change
HNRG Hallador Energy Co. 0.41% 160,000 $2.0M No change
RAMACO RES INC 0.41% 235,000 $1.9M No change
III Information Services Group 0.40% 487,641 $1.9M No change
HDSN Hudson Technologies Inc. 0.40% 306,200 $1.9M No change
BBCP Concrete Pumping Holdings Inc. 0.36% 312,100 $1.7M Add +10.6%
FSV Firstservice Corp. 0.35% 10,104 $1.7M No change
PKOH Park-Ohio Holdings Corp. 0.35% 76,899 $1.7M No change
SPWH Sportsman's Warehouse Holdin 0.34% 1,611,794 $1.6M No change
ATKR Atkore Inc. 0.31% 25,000 $1.5M No change
LMB Limbach Holdings Inc. 0.31% 20,000 $1.5M No change
VREX Varex Imaging Corp. 0.27% 110,000 $1.3M Add +340.0%
RUSHB Rush Enterprises Inc. Class B 0.24% 20,418 $1.2M No change
OI O-I Glass Inc. 0.23% 95,000 $1.1M New
RUSHA Rush Enterprises Inc. Class A 0.23% 20,418 $1.1M No change
TDW Tidewater Inc. 0.22% 25,000 $1.1M No change
SND Smart Sand Inc. 0.19% 350,000 $907K No change
SAR Saratoga Investment Corp. 0.18% 33,847 $839K No change
CURV Torrid Holdings Inc. 0.17% 150,000 $822K No change
FSK FS KKR Capital Corp. 0.16% 37,500 $786K No change
GTX Garrett Motion Inc. 0.16% 91,000 $762K No change
POWW Outdoor Holding Co. filed as AMMO INC 0.16% 550,000 $759K No change
XPEL Xpel Inc. 0.15% 25,000 $735K No change
ORN Orion Group Holdings Inc. 0.14% 130,000 $680K No change
INSE Inspired Entertainment Inc. 0.12% 65,000 $555K No change
TRS Trimas Corp. 0.11% 22,277 $521K No change
RNGR Ranger Energy Services Class A 0.11% 36,576 $516K No change
QIPT Quipt Home Medical Corp. 0.10% 200,000 $466K No change
EZPW Ezcorp Inc. Class A 0.09% 30,000 $442K No change
LEE Lee Enterprises 0.09% 40,000 $415K No change
METC Ramaco Res Inc. 0.08% 55,010 $391K Add +7.1%
GTN Gray Media Inc. 0.08% 87,300 $377K No change
NOA North American Construction 0.07% 20,000 $316K No change
BV Brightview Holdings Inc. 0.05% 20,000 $257K No change
EAF Graftech International Ltd. 0.05% 292,754 $255K No change
RMNI Rimini Street Inc. 0.04% 59,193 $206K No change
RDNW Ridenow Group Inc. filed as RUMBLEON INC 0.04% 70,000 $197K No change
WRLD World Acceptance Corp. 0.03% 1,069 $135K No change
VFF Village Farms International 0.02% 180,000 $110K No change
DXLG Destination XL Group Inc. 0.02% 75,000 $110K No change
TSEOQ Trinseo PLC 0.02% 27,001 $99K No change
KTOS Kratos Defense & Security 0.02% 3,281 $97K No change
CLF Cleveland-Cliffs Inc. 0.02% 11,350 $93K No change
CVGI Commercial Vehicle Group Inc. 0.02% 67,322 $77K No change
GSIT Gsi Technology Inc. 0.01% 33,000 $67K No change
CNTY Century Casinos Inc. 0.01% 38,283 $65K No change
FTHM Fathom Holdings Inc. 0.01% 69,882 $61K No change
XELB Xcel Brands Inc. 0.01% 15,000 $42K No change

Portfolio Sells Q4 2024 → Q1 2025

ARCH Arch Resources Inc. Sold out 0.00% −9.13
USAP Universal Stainless & Alloy Sold out 0.00% −2.07
CONSOL ENERGY INC Sold out 0.00% −0.47
MNTX Manitex International Inc. Sold out 0.00% −0.07

Portfolio Buys Q4 2024 → Q1 2025

CNR Core Natural Resources Inc. New 7.55% +7.55
NEXN Nexxen International Ltd. Add +2490.0% 6.12% +5.86
DAN Dana Inc. Add +1.1% 5.15% +1.09
DCH Dauch Corporation Add +622.6% 0.82% +0.67
OI O-I Glass Inc. New 0.23% +0.23
ZEUS Olympic Steel Inc. Add +13.1% 1.37% +0.22
VREX Varex Imaging Corp. Add +340.0% 0.27% +0.20
LCUT Lifetime Brands Inc. Add +16.0% 1.48% +0.07
BBCP Concrete Pumping Holdings Inc. Add +10.6% 0.36% −0.00
METC Ramaco Res Inc. Add +7.1% 0.08% −0.01
FLNT Fluent Inc. Add +0.6% 0.65% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 87$646.4MRDNT, RYZ, OPY, DAN, NEXN
Q1 2026 85$580.5MRDNT, RYZ, CNR, DAN, OPY
Q4 2025 86$581.4MRDNT, RYZ, DAN, CNR, OPY
Q3 2025 86$591.0MRDNT, RYZ, TPC, CNR, OPY
Q2 2025 82$539.5MRDNT, RYZ, TPC, NEXN, BLDR
Q1 2025 79$476.4MRDNT, RYZ, BLDR, CNR, OPY
Q4 2024 81$522.3MRDNT, ARCH, BLDR, BXC, RYZ
Q3 2024 78$522.1MRDNT, BLDR, ARCH, RYZ, BXC
Q2 2024 78$453.5MRDNT, ARCH, BLDR, RYZ, BXC
Q1 2024 74$532.9MRDNT, RYZ, BLDR, ARCH, BXC