Mink Brook Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Mink Brook Asset Management LLC reported 47 stock positions worth $148.5 million. Its top holding was BANK7 (BSVN) at 14.1% of the portfolio, followed by Acme United (ACU, 10.5%) and DLH (DLHC, 9.8%). Compared with Q2 2025, it opened 13 new positions, sold out of 5, added to 18 and reduced 9. The biggest buy was a new position in Duos Technologies (DUOT) and the biggest sale BANK7 (BSVN, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- West Palm Beach, FL
- CIK
- 0002052205
- Portfolio Value
- $148.5M (Q3 2025)
- SEC Filing
- 0001437749-25-035171 ↗ filed Nov 14, 2025
Holdings Value
Holdings 47 stocks · $148.5M
| BSVN BANK7 Corp. | 14.09% | 451,966 | $20.9M | Reduce -3.3% |
| ACU Acme United Corp. filed as ACME UTD CORP | 10.54% | 379,893 | $15.6M | Add +0.3% |
| DLHC DLH Holdings Corp. filed as DLH HLDGS CORP | 9.77% | 2,566,349 | $14.5M | Add +8.4% |
| AII American Integrity Insurance | 7.19% | 478,473 | $10.7M | Add +12.2% |
| CURN Currency Exchange Internatio | 7.06% | 607,971 | $10.5M | Add +1.5% |
| ACNT Ascent Industries Co. | 6.91% | 797,024 | $10.3M | Reduce -0.4% |
| ELA Envela Corp. | 6.83% | 1,298,209 | $10.1M | Reduce -0.1% |
| DUOT Duos Technologies Group Inc. | 3.88% | 782,079 | $5.8M | New |
| TWIN Twin Disc Inc. | 2.80% | 298,520 | $4.2M | Add +385.8% |
| ALOT Astronova Inc. | 2.63% | 380,861 | $3.9M | Add +0.4% |
| CRAWA Crawford United Corp. | 2.46% | 46,326 | $3.6M | Add +3.3% |
| RMNI Rimini Street Inc. | 2.36% | 749,574 | $3.5M | Add +1399.2% |
| STRR Star Equity Holdings Inc. | 2.36% | 314,454 | $3.5M | Add +14.6% |
| FRD Friedman Industries | 2.23% | 151,169 | $3.3M | Reduce -24.1% |
| RRGB Red Robin Gourmet Burgers | 2.12% | 459,452 | $3.2M | New |
| HGBL Heritage Global Inc. | 2.10% | 1,882,222 | $3.1M | Add +0.8% |
| IRD Opus Genetics Inc. | 1.38% | 1,237,947 | $2.0M | Add +3.4% |
| ELVA Electrovaya Inc. | 1.37% | 346,467 | $2.0M | Reduce -12.3% |
| BUKS Butler National Corp. | 1.37% | 1,032,137 | $2.0M | New |
| HLLY Holley Inc. | 1.17% | 551,738 | $1.7M | No change |
| BBXIA BBX Capital Inc. | 1.16% | 400,801 | $1.7M | No change |
| FBRX Forte Biosciences Inc. | 0.82% | 81,312 | $1.2M | Add +109.1% |
| AXR Amrep Corp. | 0.81% | 50,000 | $1.2M | New |
| KVHI KVH Industries Inc. | 0.65% | 171,569 | $961K | Add +11.6% |
| NAII Natural Alternatives Intl | 0.56% | 293,709 | $838K | Reduce -0.1% |
| MDXH Mdxhealth | 0.50% | 159,734 | $743K | New |
| FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC | 0.45% | 207,198 | $665K | Add +2.6% |
| SPWH Sportsman's Warehouse Holdin | 0.44% | 238,144 | $660K | Add +1448.2% |
| FLNT Fluent Inc. | 0.43% | 285,714 | $634K | New |
| CRGO Freightos Ltd. | 0.38% | 169,351 | $559K | New |
| CDXS Codexis Inc. | 0.36% | 220,000 | $537K | Reduce -31.6% |
| KEQU Kewaunee Scientific CP | 0.33% | 11,571 | $494K | Add +83.4% |
| LSF Laird Superfood Inc. | 0.32% | 85,606 | $478K | New |
| QRHC Quest Resource Holding Corp. | 0.32% | 304,418 | $475K | Add +52.0% |
| XGN Exagen Inc. | 0.30% | 40,000 | $440K | Reduce -69.2% |
| FOSL Fossil Group Inc. | 0.26% | 150,000 | $386K | New |
| CNTY Century Casinos Inc. | 0.24% | 136,001 | $355K | No change |
| RGS Regis Corp. | 0.18% | 9,165 | $267K | New |
| CPHC Canterbury Park Holding Corp. | 0.16% | 14,589 | $239K | No change |
| ACCS Access Newswire Inc. | 0.15% | 20,396 | $219K | New |
| OPXS Optex Systems Holdings Inc. | 0.14% | 15,913 | $205K | New |
| SWAG Stran & Co. Inc. | 0.11% | 101,540 | $169K | Add +17.0% |
| PACK Ranpak Holdings Corp. | 0.09% | 25,000 | $141K | New |
| SALM Salem Media Group Inc. | 0.07% | 115,705 | $96K | Reduce -67.4% |
| BCHT Birchtech Corp. | 0.06% | 131,000 | $95K | No change |
| XTNT Xtant Medical Holdings Inc. | 0.05% | 109,466 | $71K | No change |
| DWSN Dawson Geophysical Co. | 0.04% | 37,460 | $66K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| BSVN BANK7 Corp. | Reduce -3.3% | 14.09% | −2.88 |
| ACNT Ascent Industries Co. | Reduce -0.4% | 6.91% | −1.84 |
| SRBK Sr Bancorp Inc. | Sold out | 0.00% | −1.14 |
| EYE National Vision Holdings Inc. | Sold out | 0.00% | −0.64 |
| FRD Friedman Industries | Reduce -24.1% | 2.23% | −0.63 |
| XGN Exagen Inc. | Reduce -69.2% | 0.30% | −0.49 |
| CDXS Codexis Inc. | Reduce -31.6% | 0.36% | −0.32 |
| ORGO Organogenesis Holdings Inc. | Sold out | 0.00% | −0.29 |
| NAII Natural Alternatives Intl | Reduce -0.1% | 0.56% | −0.27 |
| LPTH Lightpath Technologies Inc. Class A | Sold out | 0.00% | −0.21 |
| SALM Salem Media Group Inc. | Reduce -67.4% | 0.07% | −0.20 |
| ETON Eton Pharmaceuticals Inc. | Sold out | 0.00% | −0.19 |
| ELA Envela Corp. | Reduce -0.1% | 6.83% | −0.07 |
| ELVA Electrovaya Inc. | Reduce -12.3% | 1.37% | +0.21 |
Portfolio Buys Q2 2025 → Q3 2025
| DUOT Duos Technologies Group Inc. | New | 3.88% | +3.88 |
| TWIN Twin Disc Inc. | Add +385.8% | 2.80% | +2.33 |
| RMNI Rimini Street Inc. | Add +1399.2% | 2.36% | +2.20 |
| RRGB Red Robin Gourmet Burgers | New | 2.12% | +2.12 |
| BUKS Butler National Corp. | New | 1.37% | +1.37 |
| AXR Amrep Corp. | New | 0.81% | +0.81 |
| CRAWA Crawford United Corp. | Add +3.3% | 2.46% | +0.53 |
| MDXH Mdxhealth | New | 0.50% | +0.50 |
| FLNT Fluent Inc. | New | 0.43% | +0.43 |
| SPWH Sportsman's Warehouse Holdin | Add +1448.2% | 0.44% | +0.40 |
| IRD Opus Genetics Inc. | Add +3.4% | 1.38% | +0.40 |
| FBRX Forte Biosciences Inc. | Add +109.1% | 0.82% | +0.39 |
| AII American Integrity Insurance | Add +12.2% | 7.19% | +0.38 |
| CRGO Freightos Ltd. | New | 0.38% | +0.38 |
| STRR Star Equity Holdings Inc. | Add +14.6% | 2.36% | +0.33 |
| LSF Laird Superfood Inc. | New | 0.32% | +0.32 |
| FOSL Fossil Group Inc. | New | 0.26% | +0.26 |
| RGS Regis Corp. | New | 0.18% | +0.18 |
| ACCS Access Newswire Inc. | New | 0.15% | +0.15 |
| OPXS Optex Systems Holdings Inc. | New | 0.14% | +0.14 |
| PACK Ranpak Holdings Corp. | New | 0.09% | +0.09 |
| KEQU Kewaunee Scientific CP | Add +83.4% | 0.33% | +0.01 |
| SWAG Stran & Co. Inc. | Add +17.0% | 0.11% | +0.01 |
| QRHC Quest Resource Holding Corp. | Add +52.0% | 0.32% | −0.03 |
| KVHI KVH Industries Inc. | Add +11.6% | 0.65% | −0.06 |
| FLL Full House Resorts Inc. | Add +2.6% | 0.45% | −0.19 |
| CURN Currency Exchange Internatio | Add +1.5% | 7.06% | −0.47 |
| ALOT Astronova Inc. | Add +0.4% | 2.63% | −1.19 |
| HGBL Heritage Global Inc. | Add +0.8% | 2.10% | −1.49 |
| DLHC DLH Holdings Corp. | Add +8.4% | 9.77% | −2.23 |
| ACU Acme United Corp. | Add +0.3% | 10.54% | −3.09 |
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 |