Palogic Value Management, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 19, 2025), Palogic Value Management, L.P. reported 152 stock positions worth $222.5 million. Its top holding was Apple (AAPL) at 4.7% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 4.1%) and Broadcom (AVGO, 2.8%). Compared with Q4 2024, it opened 7 new positions, sold out of 11, added to 70 and reduced 17. The biggest buy was a new position in Forestar (FOR) and the biggest sale Broadcom (AVGO, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001532943
- Portfolio Value
- $222.5M (Q1 2025)
- SEC Filing
- 0001214659-25-008012 ↗ filed May 19, 2025
Holdings Value
Holdings 152 stocks · $222.5M
| AAPL Apple Inc. | 4.65% | 46,606 | $10.4M | Reduce -4.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 4.13% | 100,098 | $9.2M | No change |
| AVGO Broadcom Inc. | 2.78% | 37,001 | $6.2M | Reduce -29.6% |
| MSFT Microsoft Corp. | 2.77% | 16,425 | $6.2M | Reduce -1.9% |
| GOOG Alphabet Inc. Class C | 2.58% | 36,758 | $5.7M | Add +0.3% |
| XOM Exxon Mobil Corp. | 2.56% | 47,878 | $5.7M | No change |
| SRLN SS Blackstone Sr Loan ETF | 2.44% | 132,101 | $5.4M | Add +4.7% |
| SHEL Shell PLC-ADR | 2.00% | 60,598 | $4.4M | Reduce -19.9% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.93% | 54,317 | $4.3M | Add +1.5% |
| IVAC Intevac Inc. | 1.89% | 1,053,924 | $4.2M | No change |
| BHP BHP Group Ltd.-Spon ADR | 1.85% | 84,887 | $4.1M | Add +2.9% |
| ABBV Abbvie Inc. | 1.81% | 19,200 | $4.0M | No change |
| SLND Southland Holdings Inc. | 1.76% | 1,252,160 | $3.9M | Reduce -2.9% |
| AMZN Amazon.com Inc. | 1.53% | 17,925 | $3.4M | No change |
| VRRM Verra Mobility Corp. | 1.52% | 150,000 | $3.4M | No change |
| CNNE Cannae Holdings Inc. | 1.44% | 175,000 | $3.2M | No change |
| IIIV I3 Verticals Inc. Class A | 1.44% | 130,000 | $3.2M | Reduce -13.2% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 1.43% | 283,256 | $3.2M | Add +35.6% |
| FLYW Flywire Corp.-Voting | 1.42% | 333,000 | $3.2M | Add +75.3% |
| PEB Pebblebrook Hotel Trust | 1.37% | 300,000 | $3.0M | Add +54.6% |
| LPRO Open Lending Corp. | 1.36% | 1,092,677 | $3.0M | Add +52.2% |
| HCAT Health Catalyst Inc. | 1.32% | 650,000 | $2.9M | Add +103.1% |
| BAND Bandwidth Inc. Class A | 1.30% | 220,000 | $2.9M | Add +10.0% |
| ALIT Alight Inc. Class A | 1.25% | 470,000 | $2.8M | Add +11.9% |
| ASPN Aspen Aerogels Inc. | 1.22% | 425,000 | $2.7M | Add +226.9% |
| VCLT Vanguard Long-Term Corp. Bond | 1.22% | 35,706 | $2.7M | Add +17.3% |
| NAD Nuveen Quality Municipal Inc. | 1.21% | 234,489 | $2.7M | Add +20.6% |
| NVG Nuveen Amt-FR Muni CRDT | 1.19% | 213,941 | $2.6M | Add +22.6% |
| TAP Molson Coors Beverage Co. Class B | 1.14% | 41,742 | $2.5M | Add +7.9% |
| ARCC Ares Capital Corp. | 1.06% | 106,765 | $2.4M | Add +2.1% |
| AMGN Amgen Inc. | 1.06% | 7,548 | $2.4M | Add +5.1% |
| HUCK Huckleberry AI Inc. filed as DOMO INC | 0.98% | 280,000 | $2.2M | Reduce -17.6% |
| LSPD Lightspeed Commerce Inc. | 0.94% | 240,000 | $2.1M | Add +179.3% |
| CMCO Columbus McKinnon Corp. | 0.93% | 121,585 | $2.1M | Add +49.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.92% | 49,175 | $2.1M | Add +5.7% |
| OBDC Blue Owl Capital Corp. | 0.91% | 138,562 | $2.0M | Add +17.9% |
| BMY Bristol-Myers Squibb Co. | 0.91% | 33,290 | $2.0M | Add +4.7% |
| PG The Procter & Gamble Co. | 0.88% | 11,540 | $2.0M | No change |
| EB Eventbrite Inc. Class A | 0.83% | 875,000 | $1.8M | Add +45.8% |
| LBRT Liberty Energy Inc. | 0.82% | 115,644 | $1.8M | Add +54.2% |
| KVHI KVH Industries Inc. | 0.79% | 331,862 | $1.8M | Reduce -8.6% |
| AESI Atlas Energy Solutions Inc. | 0.76% | 95,000 | $1.7M | Add +46.1% |
| ONTF ON24 Inc. | 0.75% | 320,000 | $1.7M | Add +23.1% |
| JPM JPMorgan Chase & Co. | 0.73% | 6,624 | $1.6M | No change |
| SAP Sap SE-Sponsored ADR | 0.72% | 5,963 | $1.6M | Add +1.3% |
| LADR Ladder Capital Corp.-REIT | 0.71% | 137,624 | $1.6M | Add +10.8% |
| MQ Marqeta Inc. | 0.70% | 380,000 | $1.6M | Reduce -5.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.69% | 36,597 | $1.5M | Add +9.4% |
| OLO Olo Inc. Class A | 0.68% | 250,987 | $1.5M | Reduce -15.3% |
| PSEC Prospect Capital Corp. | 0.67% | 365,066 | $1.5M | Add +3.9% |
| FNF Fidelity National Financial | 0.67% | 22,796 | $1.5M | Add +9.4% |
| SPG Simon Property Group Inc. | 0.66% | 8,798 | $1.5M | Add +7.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.64% | 43,900 | $1.4M | No change |
| FOR Forestar Group Inc. | 0.62% | 65,000 | $1.4M | New |
| FDUS Fidus Investment Corp. | 0.62% | 67,317 | $1.4M | Add +5.5% |
| BC Brunswick Corp. | 0.61% | 25,277 | $1.4M | Add +4.7% |
| CSCO Cisco Systems Inc. | 0.61% | 21,873 | $1.3M | No change |
| NFE New Fortress Energy Inc. | 0.60% | 160,000 | $1.3M | Add +220.0% |
| NMZ Nuveen Muni Hi Inc. Opport | 0.58% | 118,950 | $1.3M | Add +4.4% |
| GPN Global Payments Inc. | 0.57% | 12,905 | $1.3M | No change |
| ABR Arbor Realty Trust Inc. | 0.56% | 106,895 | $1.3M | Add +13.4% |
| EXFY Expensify Inc. Class A | 0.55% | 404,485 | $1.2M | Reduce -26.6% |
| ARI Apollo Commercial Real Estat | 0.55% | 127,835 | $1.2M | Add +6.4% |
| PDO PIMCO Dynamic Income Opport | 0.54% | 87,226 | $1.2M | Add +4.1% |
| SAR Saratoga Investment Corp. | 0.53% | 46,680 | $1.2M | No change |
| OKE Oneok Inc. | 0.52% | 11,750 | $1.2M | Reduce -0.4% |
| CMBS iShares CMBS ETF | 0.51% | 23,830 | $1.1M | Add +3.0% |
| LZ Legalzoomcom Inc. | 0.49% | 126,862 | $1.1M | Reduce -36.6% |
| ADBE Adobe Inc. | 0.48% | 2,792 | $1.1M | Reduce -3.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 1,812 | $1.0M | Add +0.1% |
| DHI D.R. Horton Inc. | 0.46% | 7,970 | $1.0M | Add +11.7% |
| HON Honeywell International Inc. | 0.43% | 4,509 | $955K | Add +13.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.43% | 9,649 | $952K | Add +12.8% |
| VZ Verizon Communications Inc. | 0.42% | 20,840 | $945K | Reduce -1.2% |
| BILL Bill Holdings Inc. | 0.41% | 20,000 | $918K | New |
| V Visa Inc. Class A | 0.41% | 2,617 | $917K | No change |
| STWD Starwood Property Trust Inc. | 0.41% | 46,347 | $916K | Add +8.7% |
| FCX Freeport-McMoran Inc. | 0.40% | 23,569 | $892K | Add +16.2% |
| SMWB Similarweb Ltd. | 0.39% | 104,423 | $864K | New |
| HD Home Depot Inc. | 0.38% | 2,297 | $842K | Add +13.2% |
| SBUX Starbucks Corp. | 0.37% | 8,483 | $832K | No change |
| JPC Nuveen Prefered & Income Opp | 0.36% | 101,305 | $806K | No change |
| TXN Texas Instruments Inc. | 0.36% | 4,450 | $800K | Add +16.9% |
| NEE Nextera Energy Inc. | 0.35% | 11,024 | $781K | Add +18.7% |
| UNP Union Pacific Corp. | 0.35% | 3,297 | $779K | Add +16.8% |
| PANW Palo Alto Networks Inc. | 0.35% | 4,500 | $768K | No change |
| KHC The Kraft Heinz Co. | 0.33% | 24,151 | $735K | Add +27.2% |
| WTTR Select Water Solutions Inc. | 0.31% | 65,000 | $683K | New |
| CPRT Copart Inc. | 0.31% | 12,000 | $679K | No change |
| DUK Duke Energy Corp. | 0.30% | 5,537 | $675K | No change |
| AXP American Express Co. | 0.30% | 2,506 | $674K | No change |
| VBTX Veritex Holdings Inc. | 0.30% | 27,000 | $674K | No change |
| PFF iShares Preferred & Income S | 0.28% | 20,440 | $628K | Add +2.0% |
| CSQ Calamos Strat TTL RTRN FND | 0.28% | 38,800 | $628K | No change |
| EOG EOG Resources Inc. | 0.28% | 4,809 | $617K | Add +3.5% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.25% | 10,000 | $547K | New |
| RITM Rithm Capital Corp. | 0.23% | 45,200 | $518K | No change |
| VRSK Verisk Analytics Inc. | 0.23% | 1,719 | $512K | No change |
| NZF Nuveen Municipal Credit Inc. | 0.23% | 41,710 | $510K | Add +4.6% |
| LYB Lyondellbasell Indu Class A | 0.22% | 7,084 | $499K | Reduce -4.1% |
Options reported separately and not counted above: NFE calls ($1.7M), CRK calls ($1.0M), CBRL calls ($679K), MPT calls ($603K), HIMS calls ($148K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $4.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 9,793,000 | $3.8M | Add +11.4% |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 70,903 | $922K | Add +33.0% |
Total filed on the 13F, all lines: $227.2M.
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -29.6% | 2.78% | −2.19 |
| VERX Vertex Inc. Class A | Sold out | 0.00% | −2.18 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −1.40 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −1.23 |
| NPO Enpro Inc. | Sold out | 0.00% | −0.95 |
| ZUO Zuora Inc. Class A | Sold out | 0.00% | −0.89 |
| TRIP Tripadvisor Inc. | Sold out | 0.00% | −0.66 |
| PSFE Paysafe Ltd. | Sold out | 0.00% | −0.45 |
| CALY Callaway Golf Company | Sold out | 0.00% | −0.35 |
| AAPL Apple Inc. | Reduce -4.3% | 4.65% | −0.33 |
| OLO Olo Inc. Class A | Reduce -15.3% | 0.68% | −0.25 |
| EXFY Expensify Inc. Class A | Reduce -26.6% | 0.55% | −0.20 |
| SCWX Secureworks Corp. Class A | Sold out | 0.00% | −0.17 |
| LZ Legalzoomcom Inc. | Reduce -36.6% | 0.49% | −0.12 |
| MSFT Microsoft Corp. | Reduce -1.9% | 2.77% | −0.11 |
| LVS Las Vegas Sands Corp. | Sold out | 0.00% | −0.10 |
| SLND Southland Holdings Inc. | Reduce -2.9% | 1.76% | −0.08 |
| KVHI KVH Industries Inc. | Reduce -8.6% | 0.79% | −0.06 |
| LIVEPERSON INC | Sold out | 0.00% | −0.04 |
| GPMT Granite Point Mortgage Trust | Reduce -34.1% | 0.09% | −0.04 |
| ADBE Adobe Inc. | Reduce -3.5% | 0.48% | −0.04 |
| HUCK Huckleberry AI Inc. | Reduce -17.6% | 0.98% | −0.01 |
| LYB Lyondellbasell Indu Class A | Reduce -4.1% | 0.22% | +0.00 |
| IIIV I3 Verticals Inc. Class A | Reduce -13.2% | 1.44% | +0.03 |
| OKE Oneok Inc. | Reduce -0.4% | 0.52% | +0.04 |
| SHEL Shell PLC-ADR | Reduce -19.9% | 2.00% | +0.06 |
| VZ Verizon Communications Inc. | Reduce -1.2% | 0.42% | +0.08 |
| MQ Marqeta Inc. | Reduce -5.0% | 0.70% | +0.08 |
Portfolio Buys Q4 2024 → Q1 2025
| FOR Forestar Group Inc. | New | 0.62% | +0.62 |
| ASPN Aspen Aerogels Inc. | Add +226.9% | 1.22% | +0.59 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +35.6% | 1.43% | +0.46 |
| BILL Bill Holdings Inc. | New | 0.41% | +0.41 |
| LSPD Lightspeed Commerce Inc. | Add +179.3% | 0.94% | +0.41 |
| HCAT Health Catalyst Inc. | Add +103.1% | 1.32% | +0.40 |
| SMWB Similarweb Ltd. | New | 0.39% | +0.39 |
| NVG Nuveen Amt-FR Muni CRDT | Add +22.6% | 1.19% | +0.32 |
| WTTR Select Water Solutions Inc. | New | 0.31% | +0.31 |
| SRLN SS Blackstone Sr Loan ETF | Add +4.7% | 2.44% | +0.29 |
| AMGN Amgen Inc. | Add +5.1% | 1.06% | +0.29 |
| PEB Pebblebrook Hotel Trust | Add +54.6% | 1.37% | +0.29 |
| NFE New Fortress Energy Inc. | Add +220.0% | 0.60% | +0.29 |
| VCLT Vanguard Long-Term Corp. Bond | Add +17.3% | 1.22% | +0.29 |
| NAD Nuveen Quality Municipal Inc. | Add +20.6% | 1.21% | +0.29 |
| TTD Trade Desk Inc./the Class A | New | 0.25% | +0.25 |
| TAP Molson Coors Beverage Co. Class B | Add +7.9% | 1.14% | +0.24 |
| LBRT Liberty Energy Inc. | Add +54.2% | 0.82% | +0.21 |
| BHP BHP Group Ltd.-Spon ADR | Add +2.9% | 1.85% | +0.21 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +1.5% | 1.93% | +0.21 |
| FNF Fidelity National Financial | Add +9.4% | 0.67% | +0.19 |
| OBDC Blue Owl Capital Corp. | Add +17.9% | 0.91% | +0.19 |
| BMY Bristol-Myers Squibb Co. | Add +4.7% | 0.91% | +0.18 |
| AESI Atlas Energy Solutions Inc. | Add +46.1% | 0.76% | +0.17 |
| SLB SLB Ltd. | Add +9.4% | 0.69% | +0.16 |
| LADR Ladder Capital Corp.-REIT | Add +10.8% | 0.71% | +0.14 |
| ARCC Ares Capital Corp. | Add +2.1% | 1.06% | +0.13 |
| SAP Sap SE-Sponsored ADR | Add +1.3% | 0.72% | +0.13 |
| ARI Apollo Commercial Real Estat | Add +6.4% | 0.55% | +0.13 |
| PLD Prologis Inc. | New | 0.10% | +0.10 |
| CPAY Corpay Inc. | New | 0.10% | +0.10 |
| KHC The Kraft Heinz Co. | Add +27.2% | 0.33% | +0.09 |
| BAC Bank of America Corp. | Add +5.7% | 0.92% | +0.09 |
| UNP Union Pacific Corp. | Add +16.8% | 0.35% | +0.09 |
| FCX Freeport-McMoran Inc. | Add +16.2% | 0.40% | +0.09 |
| JOBY Joby Aviation Inc. | Add +335.0% | 0.12% | +0.08 |
| SPG Simon Property Group Inc. | Add +7.9% | 0.66% | +0.08 |
| STWD Starwood Property Trust Inc. | Add +8.7% | 0.41% | +0.08 |
| NMZ Nuveen Muni Hi Inc. Opport | Add +4.4% | 0.58% | +0.08 |
| NEE Nextera Energy Inc. | Add +18.7% | 0.35% | +0.08 |
| PDO PIMCO Dynamic Income Opport | Add +4.1% | 0.54% | +0.08 |
| FDUS Fidus Investment Corp. | Add +5.5% | 0.62% | +0.07 |
| CMBS iShares CMBS ETF | Add +3.0% | 0.51% | +0.07 |
| TXN Texas Instruments Inc. | Add +16.9% | 0.36% | +0.07 |
| ALIT Alight Inc. Class A | Add +11.9% | 1.25% | +0.07 |
| HON Honeywell International Inc. | Add +13.5% | 0.43% | +0.06 |
| ONTF ON24 Inc. | Add +23.1% | 0.75% | +0.06 |
| NBB Nuveen Taxable Municipal Inc. | Add +42.9% | 0.14% | +0.06 |
| HD Home Depot Inc. | Add +13.2% | 0.38% | +0.06 |
| PSEC Prospect Capital Corp. | Add +3.9% | 0.67% | +0.05 |
Options Activity Q4 2024 → Q1 2025
| FICO Fair Isaac Corp. | put | Sold out | 1,000 | $2.0Mbefore exit |
| STRL Sterling Infrastructure Inc. | put | Sold out | 10,000 | $1.7Mbefore exit |
| NFE New Fortress Energy Inc. | call | Reduce -42.9% | 200,000 | $1.7M |
| CRK Comstock Resources Inc. | call | Add +25.0% | 50,000 | $1.0M |
| TSCO Tractor Supply Company | call | Sold out | 12,500 | $663Kbefore exit |
| VNO Vornado Realty Trust | call | Sold out | 15,000 | $631Kbefore exit |
| MPT Medical Properties Trust Inc. | call | New | 100,000 | $603K |
| MAC The Macerich Co. | call | Sold out | 30,000 | $598Kbefore exit |
| TPC Tutor Perini Corp. | call | Sold out | 15,000 | $363Kbefore exit |
| CORZ Core Scientific Inc. | call | Sold out | 25,000 | $351Kbefore exit |
| TFIN Triumph Financial Inc. | call | Sold out | 2,500 | $227Kbefore exit |
| SPCE Virgin Galactic Holdings Inc. | call | Sold out | 30,000 | $176Kbefore exit |
| HIMS Hims & Hers Health Inc. | call | New | 5,000 | $148K |
| COOK Traeger Inc. | call | Sold out | 30,000 | $72Kbefore exit |
| JOBY Joby Aviation Inc. | call | Sold out | 7,500 | $61Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | Add +11.4% | 9,793,000 | $3.8M |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | Add +33.0% | 70,903 | $922K |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | Sold out | 123,000 | $248Kbefore exit |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | Sold out | 75,000 | $242Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 178 | $278.1M | AAPL, GOOG, BIL, AVGO, HCAT |
| Q1 2026 | 162 | $224.6M | AAPL, GOOG, AVGO, XOM, SRLN |
| Q4 2025 | 149 | $231.6M | AAPL, GOOG, AVGO, MSFT, SRLN |
| Q3 2025 | 148 | $233.1M | AAPL, AVGO, LPRO, GOOG, MSFT |
| Q2 2025 | 150 | $232.8M | LPRO, AAPL, BIL, AVGO, MSFT |
| Q1 2025Amended | 152 | $222.5M | AAPL, BIL, AVGO, MSFT, GOOG |
| Q4 2024Amended | 156 | $244.9M | AAPL, AVGO, BIL, MSFT, GOOG |
| Q3 2024Amended | 161 | $246.2M | AAPL, AVGO, BIL, MSFT, GOOG |
| Q2 2024 | 159 | $235.7M | AAPL, BIL, AVGO, MSFT, GOOG |
| Q1 2024 | 160 | $230.9M | AAPL, AVGO, MSFT, GOOG, XOM |