JB Capital Partners LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), JB Capital Partners LP reported 86 stock positions worth $591.0 million. Its top holding was Radnet (RDNT) at 18.4% of the portfolio, followed by Ryerson (RYZ, 8.2%) and Tutor Perini (TPC, 8.0%). Compared with Q2 2025, it opened 5 new positions, sold out of 1, added to 6 and reduced 6. The biggest buy was a new position in Mount Logan Capital (MLCI) and the biggest sale Ies (IESC, shares −98%).

Most Recent 13F
Q2 2026
Location
Armonk, NY
CIK
0001138532
Portfolio Value
$591.0M (Q3 2025)
SEC Filing
0001213900-25-110204 ↗ filed Nov 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 Q1 2025 Q2 2025: $539.5M Q2 2025 Q3 2025: $591.0M $591.0M Q3 2025 Q4 2025: $581.4M Q4 2025 Q1 2026: $580.5M Q1 2026 Q2 2026: $646.4M Q2 2026

Holdings 86 stocks · $591.0M

RDNT Radnet Inc. 18.36% 1,424,061 $108.5M Reduce -3.4%
RYZ Ryerson Holding Corp. 8.22% 2,125,038 $48.6M Reduce -0.3%
TPC Tutor Perini Corp. 7.99% 719,554 $47.2M Reduce -19.6%
CNR Core Natural Resources Inc. 6.59% 466,779 $39.0M No change
OPY Oppenheimer Holdings Class A 6.30% 503,954 $37.2M No change
DAN Dana Inc. 6.28% 1,852,293 $37.1M No change
NEXN Nexxen International Ltd. 6.26% 4,002,875 $37.0M Add +12.6%
BLDR Builders Firstsource Inc. 6.00% 292,265 $35.4M No change
BXC Bluelinx Holdings Inc. 4.87% 393,649 $28.8M No change
CXW Corecivic Inc. 2.91% 845,210 $17.2M No change
VCTR Victory Capital Holding - A 2.65% 241,812 $15.7M Reduce -12.6%
MT Arcelormittal-NY Registered 1.25% 205,000 $7.4M No change
RAMACO RES INC 1.18% 210,000 $7.0M Reduce -10.6%
ZEUS Olympic Steel Inc. 1.15% 222,499 $6.8M No change
DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN 1.13% 1,107,500 $6.7M No change
LCUT Lifetime Brands Inc. 1.04% 1,587,852 $6.1M Add +0.6%
SPWH Sportsman's Warehouse Holdin 0.80% 1,710,794 $4.7M No change
CIGI Colliers Intl GR-Subord Vot 0.80% 30,104 $4.7M No change
MEC Mayville Engineering Co. Inc. 0.76% 250,512 $4.5M No change
CVEO Civeo Corp. 0.75% 193,750 $4.5M No change
VREX Varex Imaging Corp. 0.66% 313,964 $3.9M Add +6.4%
ASTL Algoma Steel Group Inc. 0.60% 992,177 $3.5M No change
AXR Amrep Corp. 0.57% 141,360 $3.4M No change
FLNT Fluent Inc. 0.55% 1,460,806 $3.2M No change
FET Forum Energy Technologies Inc. 0.55% 120,800 $3.2M Add +68.3%
CSV Carriage Services Inc. 0.54% 71,007 $3.2M No change
HNRG Hallador Energy Co. 0.53% 160,000 $3.1M No change
CNDT Conduent Inc. 0.53% 1,113,061 $3.1M No change
TSQ Townsquare Media Inc. Class A 0.52% 467,807 $3.1M No change
HDSN Hudson Technologies Inc. 0.51% 306,200 $3.0M No change
GSM Ferroglobe PLC 0.50% 655,000 $3.0M No change
SBGI Sinclair Broadcast Group -A 0.50% 195,000 $2.9M No change
III Information Services Group 0.47% 487,641 $2.8M No change
BBCP Concrete Pumping Holdings Inc. 0.41% 341,400 $2.4M No change
MLCI Mount Logan Capital Inc. 0.41% 307,506 $2.4M New
OI O-I Glass Inc. 0.34% 155,000 $2.0M No change
MAGN Magnera Corp. 0.34% 170,000 $2.0M New
MG Mistras Group Inc. 0.34% 202,243 $2.0M No change
LMB Limbach Holdings Inc. 0.33% 20,000 $1.9M No change
FSV Firstservice Corp. 0.33% 10,104 $1.9M No change
RICK Rci Hospitality Holdings Inc. 0.31% 60,000 $1.8M No change
GEO The Geo Group Inc. 0.28% 80,000 $1.6M No change
PKOH Park-Ohio Holdings Corp. 0.28% 76,899 $1.6M No change
ATKR Atkore Inc. 0.27% 25,000 $1.6M No change
KELYA Kelly Services Inc. Class A 0.26% 117,486 $1.5M New
BCIC BCP Investment Corp. 0.24% 122,447 $1.4M New
TDW Tidewater Inc. 0.23% 25,000 $1.3M No change
GTX Garrett Motion Inc. 0.21% 91,000 $1.2M No change
RUSHB Rush Enterprises Inc. Class B 0.20% 20,418 $1.2M No change
RUSHA Rush Enterprises Inc. Class A 0.18% 20,418 $1.1M No change
ORN Orion Group Holdings Inc. 0.18% 130,000 $1.1M No change
SND Smart Sand Inc. 0.17% 460,000 $984K Add +31.4%
METC Ramaco Res Inc. 0.17% 57,863 $975K Add +1.2%
BALY Bally's Corp. 0.16% 50,000 $932K New
TRS Trimas Corp. 0.15% 22,277 $860K No change
XPEL Xpel Inc. 0.14% 25,000 $827K No change
POWW Outdoor Holding Co. 0.14% 550,000 $814K No change
SAR Saratoga Investment Corp. 0.14% 33,847 $808K No change
RYAM Rayonier Advanced Materials 0.12% 100,000 $722K No change
INSE Inspired Entertainment Inc. 0.10% 65,000 $610K No change
EZPW Ezcorp Inc. Class A 0.10% 30,000 $571K No change
VFF Village Farms International 0.10% 180,000 $563K No change
FSK FS KKR Capital Corp. 0.09% 37,500 $560K No change
LXU LSB Industries Inc. 0.09% 70,000 $552K No change
QIPT Quipt Home Medical Corp. 0.09% 200,000 $522K No change
RNGR Ranger Energy Services Class A 0.09% 36,576 $514K No change
GTN Gray Media Inc. 0.09% 87,300 $505K No change
TWI Titan International Inc. 0.06% 50,000 $378K No change
EAF Graftech International Ltd. 0.06% 29,275 $375K No change
IESC Ies Holdings Inc. filed as IES HLDGS INC 0.06% 841 $334K Reduce -98.0%
RDNW Ridenow Group Inc. 0.05% 70,000 $308K No change
KTOS Kratos Defense & Security 0.05% 3,281 $300K No change
NOA North American Construction 0.05% 20,000 $284K No change
RMNI Rimini Street Inc. 0.05% 59,193 $277K No change
BV Brightview Holdings Inc. 0.05% 20,000 $268K No change
CURV Torrid Holdings Inc. 0.04% 150,000 $263K No change
LEE Lee Enterprises 0.04% 40,000 $218K No change
WRLD World Acceptance Corp. 0.03% 1,069 $181K No change
CLF Cleveland-Cliffs Inc. 0.02% 11,350 $138K No change
FTHM Fathom Holdings Inc. 0.02% 69,882 $126K No change
GSIT Gsi Technology Inc. 0.02% 33,000 $121K No change
CVGI Commercial Vehicle Group Inc. 0.02% 67,322 $114K No change
CNTY Century Casinos Inc. 0.02% 38,283 $100K No change
DXLG Destination XL Group Inc. 0.02% 75,000 $98K No change
TSEOQ Trinseo PLC 0.01% 27,001 $63K No change
XELB Xcel Brands Inc. 0.00% 15,000 $26K No change

Portfolio Sells Q2 2025 → Q3 2025

IESC Ies Holdings Inc. Reduce -98.0% 0.06% −2.24
VCTR Victory Capital Holding - A Reduce -12.6% 2.65% −0.62
RYZ Ryerson Holding Corp. Reduce -0.3% 8.22% −0.30
TURN 180 Degree Capital Corp. Sold out 0.00% −0.13
TPC Tutor Perini Corp. Reduce -19.6% 7.99% +0.23
RAMACO RES INC Reduce -10.6% 1.18% +0.61
RDNT Radnet Inc. Reduce -3.4% 18.36% +2.81

Portfolio Buys Q2 2025 → Q3 2025

MLCI Mount Logan Capital Inc. New 0.41% +0.41
MAGN Magnera Corp. New 0.34% +0.34
FET Forum Energy Technologies Inc. Add +68.3% 0.55% +0.29
KELYA Kelly Services Inc. Class A New 0.26% +0.26
BCIC BCP Investment Corp. New 0.24% +0.24
VREX Varex Imaging Corp. Add +6.4% 0.66% +0.18
BALY Bally's Corp. New 0.16% +0.16
METC Ramaco Res Inc. Add +1.2% 0.17% +0.08
SND Smart Sand Inc. Add +31.4% 0.17% +0.04
LCUT Lifetime Brands Inc. Add +0.6% 1.04% −0.44
NEXN Nexxen International Ltd. Add +12.6% 6.26% −0.59

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