JB Capital Partners LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), JB Capital Partners LP reported 86 stock positions worth $581.4 million. Its top holding was Radnet (RDNT) at 17.5% of the portfolio, followed by Ryerson (RYZ, 10.1%) and Dana (DAN, 7.6%). Compared with Q3 2025, it opened 6 new positions, sold out of 6, added to 11 and reduced 3. The biggest buy was Ryerson (RYZ, shares +10%) and the biggest sale Tutor Perini (TPC, shares −29%).

Most Recent 13F
Q2 2026
Location
Armonk, NY
CIK
0001138532
Portfolio Value
$581.4M (Q4 2025)
SEC Filing
0001213900-26-015750 ↗ filed Feb 13, 2026

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 Q3 2025 Q4 2025: $581.4M $581.4M Q4 2025 Q1 2026: $580.5M Q1 2026 Q2 2026: $646.4M Q2 2026

Holdings 86 stocks · $581.4M

RDNT Radnet Inc. 17.48% 1,424,061 $101.6M No change
RYZ Ryerson Holding Corp. 10.14% 2,343,475 $59.0M Add +10.3%
DAN Dana Inc. 7.57% 1,852,293 $44.0M No change
CNR Core Natural Resources Inc. 7.11% 466,779 $41.3M No change
OPY Oppenheimer Holdings Class A 6.27% 503,954 $36.4M No change
TPC Tutor Perini Corp. 5.87% 509,554 $34.2M Reduce -29.2%
BLDR Builders Firstsource Inc. 5.17% 292,265 $30.1M No change
NEXN Nexxen International Ltd. 4.91% 4,361,625 $28.5M Add +9.0%
BXC Bluelinx Holdings Inc. 4.16% 393,649 $24.2M No change
CXW Corecivic Inc. 2.78% 845,210 $16.2M No change
VCTR Victory Capital Holding - A 2.62% 241,812 $15.3M No change
ZEUS Olympic Steel Inc. 1.64% 222,499 $9.5M No change
MT Arcelormittal-NY Registered 1.61% 205,000 $9.3M No change
MAGN Magnera Corp. 1.34% 515,000 $7.8M Add +202.9%
DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN 1.11% 1,005,000 $6.4M Reduce -9.3%
LCUT Lifetime Brands Inc. 1.11% 1,627,852 $6.4M Add +2.5%
FLNT Fluent Inc. 0.90% 2,169,483 $5.2M Add +48.5%
MEC Mayville Engineering Co. Inc. 0.81% 250,512 $4.7M No change
FET Forum Energy Technologies Inc. 0.77% 120,800 $4.5M No change
CVEO Civeo Corp. 0.76% 193,750 $4.4M No change
CIGI Colliers Intl GR-Subord Vot 0.76% 30,104 $4.4M No change
VREX Varex Imaging Corp. 0.65% 326,254 $3.8M Add +3.9%
RAMACO RES INC 0.65% 210,000 $3.8M No change
ASTL Algoma Steel Group Inc. 0.62% 872,277 $3.6M Reduce -12.1%
HNRG Hallador Energy Co. 0.52% 160,000 $3.0M No change
GSM Ferroglobe PLC 0.52% 655,000 $3.0M No change
CSV Carriage Services Inc. 0.52% 71,007 $3.0M No change
SBGI Sinclair Broadcast Group -A 0.51% 195,000 $3.0M No change
MLCI Mount Logan Capital Inc. 0.50% 352,506 $2.9M Add +14.6%
III Information Services Group 0.48% 487,641 $2.8M No change
AXR Amrep Corp. 0.46% 141,360 $2.7M No change
MG Mistras Group Inc. 0.44% 202,243 $2.6M No change
SPWH Sportsman's Warehouse Holdin 0.43% 1,710,794 $2.5M No change
PKOH Park-Ohio Holdings Corp. 0.42% 117,599 $2.5M Add +52.9%
TSQ Townsquare Media Inc. Class A 0.40% 467,807 $2.3M No change
BBCP Concrete Pumping Holdings Inc. 0.39% 341,400 $2.3M No change
OI O-I Glass Inc. 0.39% 155,000 $2.3M No change
CNDT Conduent Inc. 0.37% 1,113,061 $2.1M No change
HDSN Hudson Technologies Inc. 0.36% 306,200 $2.1M No change
BCIC BCP Investment Corp. 0.34% 167,447 $2.0M Add +36.8%
KOP Koppers Holdings Inc. 0.33% 70,000 $1.9M New
SND Smart Sand Inc. 0.32% 460,000 $1.8M No change
KELYA Kelly Services Inc. Class A 0.31% 207,160 $1.8M Add +76.3%
OEC Orion SA 0.30% 335,000 $1.8M New
GTX Garrett Motion Inc. 0.27% 91,000 $1.6M No change
ATKR Atkore Inc. 0.27% 25,000 $1.6M No change
FSV Firstservice Corp. 0.27% 10,104 $1.6M No change
RICK Rci Hospitality Holdings Inc. 0.25% 60,000 $1.4M No change
LRN Stride Inc. 0.22% 20,000 $1.3M New
ORN Orion Group Holdings Inc. 0.22% 130,000 $1.3M No change
GEO The Geo Group Inc. 0.22% 80,000 $1.3M No change
TDW Tidewater Inc. 0.22% 25,000 $1.3M No change
XPEL Xpel Inc. 0.21% 25,000 $1.2M No change
RUSHB Rush Enterprises Inc. Class B 0.20% 20,418 $1.1M No change
RUSHA Rush Enterprises Inc. Class A 0.19% 20,418 $1.1M No change
POWW Outdoor Holding Co. 0.16% 550,000 $941K No change
BALY Bally's Corp. 0.14% 50,000 $826K No change
TRS Trimas Corp. 0.14% 22,277 $790K No change
SAR Saratoga Investment Corp. 0.13% 33,847 $781K No change
QIPT Quipt Home Medical Corp. 0.12% 200,000 $706K No change
METC Ramaco Res Inc. 0.12% 58,695 $690K Add +1.4%
ABX Abacus Global Management Inc. 0.12% 80,000 $684K New
VFF Village Farms International 0.11% 180,000 $657K No change
SMC Summit Midstream Corp. 0.11% 22,956 $612K New
INSE Inspired Entertainment Inc. 0.10% 65,000 $608K No change
LXU LSB Industries Inc. 0.10% 70,000 $595K No change
RYAM Rayonier Advanced Materials 0.10% 100,000 $589K No change
EZPW Ezcorp Inc. Class A 0.10% 30,000 $583K No change
OIS Oil States International Inc. filed as OIL STS INTL INC 0.10% 85,000 $575K New
FSK FS KKR Capital Corp. 0.10% 37,500 $555K No change
RNGR Ranger Energy Services Class A 0.09% 36,576 $511K No change
TWI Titan International Inc. 0.07% 50,000 $392K No change
RDNW Ridenow Group Inc. 0.07% 70,000 $386K No change
IESC Ies Holdings Inc. filed as IES HLDGS INC 0.06% 841 $327K No change
NOA North American Construction 0.05% 20,000 $287K No change
BV Brightview Holdings Inc. 0.04% 20,000 $253K No change
KTOS Kratos Defense & Security 0.04% 3,281 $249K No change
RMNI Rimini Street Inc. 0.04% 59,193 $230K No change
GSIT Gsi Technology Inc. 0.04% 33,000 $205K No change
CLF Cleveland-Cliffs Inc. 0.03% 11,350 $151K No change
CURV Torrid Holdings Inc. 0.03% 150,000 $147K No change
CVGI Commercial Vehicle Group Inc. 0.02% 67,322 $97K No change
LMB Limbach Holdings Inc. 0.01% 20,000 $79K No change
FTHM Fathom Holdings Inc. 0.01% 69,882 $71K No change
CNTY Century Casinos Inc. 0.01% 38,283 $51K No change
WRLD World Acceptance Corp. 0.00% 1,069 $4K No change

Portfolio Sells Q3 2025 → Q4 2025

TPC Tutor Perini Corp. Reduce -29.2% 5.87% −2.11
GTN Gray Media Inc. Sold out 0.00% −0.09
EAF Graftech International Ltd. Sold out 0.00% −0.06
LEE Lee Enterprises Sold out 0.00% −0.04
DCH Dauch Corporation Reduce -9.3% 1.11% −0.02
DXLG Destination XL Group Inc. Sold out 0.00% −0.02
TSEOQ Trinseo PLC Sold out 0.00% −0.01
XELB Xcel Brands Inc. Sold out 0.00% −0.00
ASTL Algoma Steel Group Inc. Reduce -12.1% 0.62% +0.02

Portfolio Buys Q3 2025 → Q4 2025

RYZ Ryerson Holding Corp. Add +10.3% 10.14% +1.92
MAGN Magnera Corp. Add +202.9% 1.34% +1.00
FLNT Fluent Inc. Add +48.5% 0.90% +0.35
KOP Koppers Holdings Inc. New 0.33% +0.33
OEC Orion SA New 0.30% +0.30
LRN Stride Inc. New 0.22% +0.22
PKOH Park-Ohio Holdings Corp. Add +52.9% 0.42% +0.15
ABX Abacus Global Management Inc. New 0.12% +0.12
SMC Summit Midstream Corp. New 0.11% +0.11
BCIC BCP Investment Corp. Add +36.8% 0.34% +0.10
OIS Oil States International Inc. New 0.10% +0.10
MLCI Mount Logan Capital Inc. Add +14.6% 0.50% +0.09
LCUT Lifetime Brands Inc. Add +2.5% 1.11% +0.07
KELYA Kelly Services Inc. Class A Add +76.3% 0.31% +0.05
VREX Varex Imaging Corp. Add +3.9% 0.65% −0.01
METC Ramaco Res Inc. Add +1.4% 0.12% −0.05
NEXN Nexxen International Ltd. Add +9.0% 4.91% −1.36

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