Mink Brook Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Mink Brook Asset Management LLC reported 39 stock positions worth $115.2 million. Its top holding was BANK7 (BSVN) at 17.0% of the portfolio, followed by Acme United (ACU, 13.6%) and DLH (DLHC, 12.0%). Compared with Q1 2025, it opened 12 new positions, sold out of 5, added to 15 and reduced 7. The biggest buy was a new position in American Integrity Insurance (AII) and the biggest sale Ascent Industries (ACNT, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- West Palm Beach, FL
- CIK
- 0002052205
- Portfolio Value
- $115.2M (Q2 2025)
- SEC Filing
- 0001437749-25-026924 ↗ filed Aug 14, 2025
Holdings Value
Holdings 39 stocks · $115.2M
| BSVN BANK7 Corp. | 16.96% | 467,280 | $19.5M | Add +11.4% |
| ACU Acme United Corp. filed as ACME UTD CORP | 13.63% | 378,942 | $15.7M | Add +18.3% |
| DLHC DLH Holdings Corp. filed as DLH HLDGS CORP | 11.99% | 2,366,765 | $13.8M | Add +64.5% |
| ACNT Ascent Industries Co. | 8.75% | 800,000 | $10.1M | Reduce -20.1% |
| CURN Currency Exchange Internatio | 7.54% | 599,097 | $8.7M | Add +5.5% |
| ELA Envela Corp. | 6.90% | 1,299,523 | $8.0M | No change |
| AII American Integrity Insurance | 6.81% | 426,540 | $7.8M | New |
| ALOT Astronova Inc. | 3.82% | 379,361 | $4.4M | Add +1.1% |
| HGBL Heritage Global Inc. | 3.60% | 1,867,021 | $4.1M | No change |
| FRD Friedman Industries | 2.86% | 199,049 | $3.3M | Add +5.0% |
| STRR Star Equity Holdings Inc. filed as HUDSON GLOBAL INC | 2.03% | 274,496 | $2.3M | Add +3.5% |
| CRAWA Crawford United Corp. | 1.93% | 44,864 | $2.2M | Add +55.5% |
| ELVA Electrovaya Inc. | 1.17% | 395,101 | $1.3M | Add +4.4% |
| SRBK Sr Bancorp Inc. | 1.14% | 96,963 | $1.3M | Reduce -73.3% |
| BBXIA BBX Capital Inc. | 1.11% | 400,801 | $1.3M | Add +1.9% |
| IRD Opus Genetics Inc. | 0.98% | 1,197,616 | $1.1M | Add +47.8% |
| HLLY Holley Inc. | 0.96% | 551,738 | $1.1M | No change |
| NAII Natural Alternatives Intl | 0.84% | 293,982 | $964K | Reduce -0.3% |
| XGN Exagen Inc. | 0.79% | 130,000 | $907K | New |
| KVHI KVH Industries Inc. | 0.71% | 153,683 | $819K | Add +84.5% |
| CDXS Codexis Inc. | 0.68% | 321,711 | $785K | Add +154.0% |
| FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC | 0.64% | 202,006 | $739K | New |
| EYE National Vision Holdings Inc. | 0.64% | 31,826 | $732K | New |
| TWIN Twin Disc Inc. | 0.47% | 61,447 | $543K | New |
| FBRX Forte Biosciences Inc. | 0.44% | 38,893 | $503K | New |
| QRHC Quest Resource Holding Corp. | 0.35% | 200,333 | $405K | New |
| KEQU Kewaunee Scientific CP | 0.32% | 6,310 | $370K | New |
| ORGO Organogenesis Holdings Inc. | 0.29% | 92,826 | $340K | New |
| SALM Salem Media Group Inc. | 0.26% | 354,553 | $301K | Reduce -32.7% |
| CNTY Century Casinos Inc. | 0.25% | 136,001 | $288K | Add +13.3% |
| CPHC Canterbury Park Holding Corp. | 0.24% | 14,589 | $275K | No change |
| LPTH Lightpath Technologies Inc. Class A | 0.21% | 79,948 | $246K | New |
| ETON Eton Pharmaceuticals Inc. | 0.19% | 15,139 | $216K | Reduce -89.3% |
| RMNI Rimini Street Inc. | 0.16% | 50,000 | $189K | New |
| SWAG Stran & Co. Inc. | 0.11% | 86,772 | $125K | New |
| BCHT Birchtech Corp. | 0.08% | 131,000 | $88K | Reduce -12.7% |
| XTNT Xtant Medical Holdings Inc. | 0.07% | 109,466 | $81K | Add +125.8% |
| DWSN Dawson Geophysical Co. | 0.05% | 37,460 | $55K | Reduce -93.1% |
| SPWH Sportsman's Warehouse Holdin | 0.05% | 15,382 | $53K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| ACNT Ascent Industries Co. | Reduce -20.1% | 8.75% | −4.56 |
| SRBK Sr Bancorp Inc. | Reduce -73.3% | 1.14% | −3.42 |
| ETON Eton Pharmaceuticals Inc. | Reduce -89.3% | 0.19% | −1.74 |
| FTLF Fitlife Brands Inc. | Sold out | 0.00% | −0.98 |
| DWSN Dawson Geophysical Co. | Reduce -93.1% | 0.05% | −0.65 |
| TELA Tela Bio Inc. | Sold out | 0.00% | −0.46 |
| ENZB Enzo Biochem Inc. | Sold out | 0.00% | −0.31 |
| NAII Natural Alternatives Intl | Reduce -0.3% | 0.84% | −0.23 |
| CXDO Crexendo Inc. | Sold out | 0.00% | −0.08 |
| SALM Salem Media Group Inc. | Reduce -32.7% | 0.26% | −0.03 |
| TBHC Brand House Collective Inc./T | Sold out | 0.00% | −0.01 |
| BCHT Birchtech Corp. | Reduce -12.7% | 0.08% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| AII American Integrity Insurance | New | 6.81% | +6.81 |
| DLHC DLH Holdings Corp. | Add +64.5% | 11.99% | +5.87 |
| XGN Exagen Inc. | New | 0.79% | +0.79 |
| FLL Full House Resorts Inc. | New | 0.64% | +0.64 |
| EYE National Vision Holdings Inc. | New | 0.64% | +0.64 |
| TWIN Twin Disc Inc. | New | 0.47% | +0.47 |
| CRAWA Crawford United Corp. | Add +55.5% | 1.93% | +0.45 |
| FBRX Forte Biosciences Inc. | New | 0.44% | +0.44 |
| QRHC Quest Resource Holding Corp. | New | 0.35% | +0.35 |
| CDXS Codexis Inc. | Add +154.0% | 0.68% | +0.32 |
| KEQU Kewaunee Scientific CP | New | 0.32% | +0.32 |
| ORGO Organogenesis Holdings Inc. | New | 0.29% | +0.29 |
| ACU Acme United Corp. | Add +18.3% | 13.63% | +0.29 |
| ELVA Electrovaya Inc. | Add +4.4% | 1.17% | +0.25 |
| KVHI KVH Industries Inc. | Add +84.5% | 0.71% | +0.25 |
| LPTH Lightpath Technologies Inc. Class A | New | 0.21% | +0.21 |
| ALOT Astronova Inc. | Add +1.1% | 3.82% | +0.19 |
| RMNI Rimini Street Inc. | New | 0.16% | +0.16 |
| IRD Opus Genetics Inc. | Add +47.8% | 0.98% | +0.14 |
| SWAG Stran & Co. Inc. | New | 0.11% | +0.11 |
| XTNT Xtant Medical Holdings Inc. | Add +125.8% | 0.07% | +0.05 |
| CNTY Century Casinos Inc. | Add +13.3% | 0.25% | +0.04 |
| FRD Friedman Industries | Add +5.0% | 2.86% | −0.11 |
| BSVN BANK7 Corp. | Add +11.4% | 16.96% | −0.12 |
| STRR Star Equity Holdings Inc. | Add +3.5% | 2.03% | −0.95 |
| CURN Currency Exchange Internatio | Add +5.5% | 7.54% | −1.09 |
| BBXIA BBX Capital Inc. | Add +1.9% | 1.11% | −1.51 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 52 | $226.6M | ELA, BSVN, AII, ACU, DLHC |
| Q1 2026 | 54 | $179.2M | ELA, BSVN, ACU, AII, DLHC |
| Q4 2025 | 44 | $158.3M | BSVN, ELA, ACU, DLHC, AII |
| Q3 2025 | 47 | $148.5M | BSVN, ACU, DLHC, AII, CURN |
| Q2 2025 | 39 | $115.2M | BSVN, ACU, DLHC, ACNT, CURN |
| Q1 2025 | 32 | $95.1M | BSVN, ACU, ACNT, CURN, ELA |
| Q4 2024 | 28 | $104.5M | BSVN, ACNT, DLHC, ACU, CURN |