JCP Investment Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), JCP Investment Management, LLC reported 18 stock positions worth $152.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 15.1% of the portfolio, followed by Generac (GNRC, 13.9%) and Fidelity National Financial (FNF, 13.7%). Compared with Q2 2025, it opened 8 new positions, sold out of 10, added to 3 and reduced 2. The biggest buy was a new position in Murphy USA (MUSA) and the biggest sale an exit from Restaurant Brands Intern (QSR).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001461945
- Portfolio Value
- $152.6M (Q3 2025)
- SEC Filing
- 0001461945-25-000007 ↗ filed Nov 14, 2025
Holdings Value
Holdings 18 stocks · $152.6M
| SPY SS SPDR S&P 500 ETF Trust-US | 15.08% | 34,547 | $23.0M | Add +6.3% |
| GNRC Generac Holdings Inc. | 13.89% | 126,589 | $21.2M | Reduce -5.4% |
| FNF Fidelity National Financial | 13.73% | 346,254 | $20.9M | Add +64.2% |
| UNFI United Natural Foods Inc. | 11.60% | 470,322 | $17.7M | No change |
| RRGB Red Robin Gourmet Burgers | 8.37% | 1,860,668 | $12.8M | No change |
| MUSA Murphy USA Inc. | 7.10% | 27,886 | $10.8M | New |
| NATL NCR Atleos Corp. | 6.70% | 260,102 | $10.2M | New |
| KMI Kinder Morgan Inc. | 5.33% | 287,483 | $8.1M | New |
| JYNT The Joint Corp. | 3.71% | 593,906 | $5.7M | Add +24.0% |
| DENN Denny's Corp. | 2.84% | 829,491 | $4.3M | New |
| HE Hawaiian Electric Inds | 2.60% | 360,000 | $4.0M | New |
| BJRI Bj's Restaurants Inc. | 2.50% | 125,000 | $3.8M | No change |
| TLF Tandy Leather Factory Inc. | 1.72% | 876,059 | $2.6M | No change |
| DG Dollar General Corp. | 1.35% | 19,935 | $2.1M | Reduce -88.1% |
| KR Kroger Co. | 1.16% | 26,300 | $1.8M | New |
| FARM Farmer Bros Co. | 1.11% | 992,826 | $1.7M | No change |
| FCRS.U Futurecrest Acquisition Corp. | 0.65% | 100,000 | $998K | New |
| HHH Howard Hughes Holdings Inc. | 0.54% | 10,000 | $822K | New |
Portfolio Sells Q2 2025 → Q3 2025
| QSR Restaurant Brands Intern | Sold out | 0.00% | −11.11 |
| DG Dollar General Corp. | Reduce -88.1% | 1.35% | −9.67 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −7.65 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −7.11 |
| WEN The Wendy's Co. | Sold out | 0.00% | −4.99 |
| MKL Markel Group Inc. | Sold out | 0.00% | −2.99 |
| WLK Westlake Corp. | Sold out | 0.00% | −2.32 |
| ET Energy Transfer LP | Sold out | 0.00% | −1.19 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.36 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.34 |
| AMRC Ameresco Inc. Class A | Sold out | 0.00% | −0.14 |
| GNRC Generac Holdings Inc. | Reduce -5.4% | 13.89% | +2.83 |
Portfolio Buys Q2 2025 → Q3 2025
| MUSA Murphy USA Inc. | New | 7.10% | +7.10 |
| FNF Fidelity National Financial | Add +64.2% | 13.73% | +6.90 |
| NATL NCR Atleos Corp. | New | 6.70% | +6.70 |
| KMI Kinder Morgan Inc. | New | 5.33% | +5.33 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.3% | 15.08% | +3.49 |
| DENN Denny's Corp. | New | 2.84% | +2.84 |
| HE Hawaiian Electric Inds | New | 2.60% | +2.60 |
| KR Kroger Co. | New | 1.16% | +1.16 |
| FCRS.U Futurecrest Acquisition Corp. | New | 0.65% | +0.65 |
| HHH Howard Hughes Holdings Inc. | New | 0.54% | +0.54 |
| JYNT The Joint Corp. | Add +24.0% | 3.71% | +0.52 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $187.1M | SPY, UNFI, HHH, FNF, RRGB |
| Q1 2026 | 24 | $150.3M | SPY, UNFI, FNF, HHH, SRE |
| Q4 2025 | 18 | $126.6M | SPY, FNF, UNFI, HHH, NATL |
| Q3 2025 | 18 | $152.6M | SPY, GNRC, FNF, UNFI, RRGB |
| Q2 2025 | 20 | $173.3M | SPY, QSR, GNRC, DG, DPZ |
| Q1 2025 | 17 | $162.2M | MKL, SPY, QSR, BRK.B, UNFI |
| Q4 2024 | 17 | $169.7M | CAKE, SPY, MKL, ET, UNFI |
| Q3 2024 | 15 | $120.6M | SPY, CRH, BRK.B, QSR, ET |
| Q2 2024 | 13 | $89.5M | SPY, CRH, BRK.B, QSR, MKL |
| Q1 2024 | 11 | $62.7M | CRH, BRK.B, QSR, WCC, LAMR |