Palogic Value Management, L.P.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Palogic Value Management, L.P. reported 149 stock positions worth $231.6 million. Its top holding was Apple (AAPL) at 5.3% of the portfolio, followed by Alphabet Class C (GOOG, 4.5%) and Broadcom (AVGO, 4.5%). Compared with Q3 2025, it opened 13 new positions, sold out of 12, added to 56 and reduced 30. The biggest buy was Eventbrite Class A (EB, shares +21%) and the biggest sale an exit from Prospect Capital (PSEC).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001532943
- Portfolio Value
- $231.6M (Q4 2025)
- SEC Filing
- 0001214659-26-001889 ↗ filed Feb 17, 2026
Holdings Value
Holdings 149 stocks · $231.6M
| AAPL Apple Inc. | 5.34% | 45,492 | $12.4M | Reduce -0.7% |
| GOOG Alphabet Inc. Class C | 4.54% | 33,533 | $10.5M | Reduce -0.9% |
| AVGO Broadcom Inc. | 4.50% | 30,115 | $10.4M | Reduce -5.0% |
| MSFT Microsoft Corp. | 3.27% | 15,668 | $7.6M | Reduce -0.6% |
| SRLN SS Blackstone Sr Loan ETF | 2.97% | 166,745 | $6.9M | Add +2.6% |
| LPRO Open Lending Corp. | 2.89% | 4,320,100 | $6.7M | Add +7.0% |
| XOM Exxon Mobil Corp. | 2.54% | 48,893 | $5.9M | No change |
| BHP BHP Group Ltd.-Spon ADR | 2.24% | 86,039 | $5.2M | Add +0.7% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 2.05% | 58,844 | $4.7M | Add +1.2% |
| PEB Pebblebrook Hotel Trust | 1.96% | 400,000 | $4.5M | No change |
| ABBV Abbvie Inc. | 1.89% | 19,180 | $4.4M | No change |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 1.85% | 368,787 | $4.3M | Add +4.6% |
| AMZN Amazon.com Inc. | 1.78% | 17,881 | $4.1M | Reduce -1.1% |
| SHEL Shell PLC-ADR | 1.75% | 55,088 | $4.0M | Reduce -10.4% |
| EB Eventbrite Inc. Class A | 1.69% | 880,000 | $3.9M | Add +21.1% |
| NVG Nuveen Amt-FR Muni CRDT | 1.51% | 276,738 | $3.5M | Add +10.6% |
| NAD Nuveen Quality Municipal Inc. | 1.43% | 275,645 | $3.3M | Add +8.7% |
| FLYW Flywire Corp.-Voting | 1.31% | 215,000 | $3.0M | Reduce -24.0% |
| HCAT Health Catalyst Inc. | 1.31% | 1,270,041 | $3.0M | Add +16.3% |
| BAND Bandwidth Inc. Class A | 1.30% | 195,238 | $3.0M | Reduce -2.4% |
| TAP Molson Coors Beverage Co. Class B | 1.23% | 61,189 | $2.9M | Add +11.6% |
| VCLT Vanguard Long-Term Corp. Bond | 1.20% | 36,567 | $2.8M | Reduce -0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.19% | 50,131 | $2.8M | Add +1.4% |
| AMGN Amgen Inc. | 1.10% | 7,767 | $2.5M | Add +1.3% |
| ONTF ON24 Inc. | 1.03% | 300,000 | $2.4M | Add +11.1% |
| SLND Southland Holdings Inc. | 1.00% | 710,120 | $2.3M | Reduce -18.4% |
| VRRM Verra Mobility Corp. | 0.97% | 100,000 | $2.2M | No change |
| ARCC Ares Capital Corp. | 0.97% | 110,571 | $2.2M | Add +0.6% |
| JPM JPMorgan Chase & Co. | 0.92% | 6,624 | $2.1M | No change |
| EXFY Expensify Inc. Class A | 0.91% | 1,403,065 | $2.1M | Add +50.4% |
| BC Brunswick Corp. | 0.90% | 28,096 | $2.1M | Add +1.9% |
| MQ Marqeta Inc. | 0.87% | 425,000 | $2.0M | Add +41.7% |
| VYX NCR Voyix Corp. | 0.86% | 195,097 | $2.0M | Add +25.8% |
| OBDC Blue Owl Capital Corp. | 0.77% | 144,353 | $1.8M | Reduce -2.4% |
| SPG Simon Property Group Inc. | 0.74% | 9,215 | $1.7M | Add +2.1% |
| PG The Procter & Gamble Co. | 0.73% | 11,876 | $1.7M | Reduce -2.1% |
| LADR Ladder Capital Corp.-REIT | 0.70% | 147,399 | $1.6M | Add +1.0% |
| CSCO Cisco Systems Inc. | 0.69% | 20,773 | $1.6M | No change |
| LIVEPERSON INC (LPSN 0 12/15/26) | 0.68% | 3,900,000 | $1.6M | New |
| PFF iShares Preferred & Income S | 0.67% | 50,293 | $1.6M | No change |
| SLB SLB Ltd. filed as SLB LIMITED | 0.65% | 39,185 | $1.5M | Add +2.0% |
| SAP Sap SE-Sponsored ADR | 0.64% | 6,119 | $1.5M | Add +1.8% |
| ASPN Aspen Aerogels Inc. | 0.64% | 525,000 | $1.5M | Add +162.5% |
| LSPD Lightspeed Commerce Inc. | 0.63% | 120,000 | $1.4M | Reduce -20.0% |
| CNNE Cannae Holdings Inc. | 0.62% | 91,579 | $1.4M | Reduce -42.0% |
| FDUS Fidus Investment Corp. | 0.62% | 73,993 | $1.4M | Add +1.8% |
| FNF Fidelity National Financial | 0.60% | 25,376 | $1.4M | Add +8.5% |
| LBRT Liberty Energy Inc. | 0.60% | 75,000 | $1.4M | Reduce -51.6% |
| FISV Fiserv Inc. | 0.58% | 20,161 | $1.4M | Add +884.4% |
| VERX Vertex Inc. Class A | 0.58% | 67,500 | $1.3M | Add +12.5% |
| CMBS iShares CMBS ETF | 0.58% | 27,382 | $1.3M | No change |
| NMZ Nuveen Muni Hi Inc. Opport | 0.58% | 131,250 | $1.3M | Reduce -0.3% |
| CMCO Columbus McKinnon Corp. | 0.56% | 75,000 | $1.3M | Reduce -37.5% |
| ARI Apollo Commercial Real Estat | 0.55% | 131,809 | $1.3M | Add +0.7% |
| OZK Bank Ozk | 0.55% | 27,500 | $1.3M | Add +83.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.55% | 1,855 | $1.3M | No change |
| FCX Freeport-McMoran Inc. | 0.54% | 24,607 | $1.2M | Add +2.8% |
| PDO PIMCO Dynamic Income Opport | 0.54% | 90,184 | $1.2M | No change |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.53% | 43,900 | $1.2M | No change |
| TCBI Texas Capital Bancshares Inc. | 0.53% | 13,558 | $1.2M | Add +80.8% |
| DHI D.R. Horton Inc. | 0.52% | 8,286 | $1.2M | Add +2.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.51% | 10,291 | $1.2M | Add +2.2% |
| PANW Palo Alto Networks Inc. | 0.50% | 6,254 | $1.2M | Add +5.7% |
| FSLR First Solar Inc. | 0.48% | 4,257 | $1.1M | Add +4.2% |
| CRMT America's Car-Mart Inc. | 0.47% | 42,799 | $1.1M | Add +71.2% |
| SAR Saratoga Investment Corp. | 0.47% | 46,680 | $1.1M | No change |
| CMG Chipotle Mexican Grill Inc. | 0.45% | 28,233 | $1.0M | New |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 0.43% | 86,000 | $1.0M | Reduce -31.8% |
| FDX FedEx Corp. | 0.43% | 3,473 | $1.0M | Add +3.5% |
| RPD RAPID7 Inc. | 0.43% | 65,000 | $988K | New |
| HON Honeywell International Inc. | 0.42% | 4,943 | $964K | Add +5.9% |
| EEFT Euronet Worldwide Inc. | 0.41% | 12,500 | $951K | New |
| BILL Bill Holdings Inc. | 0.40% | 17,000 | $927K | Reduce -27.7% |
| AXP American Express Co. | 0.40% | 2,506 | $927K | No change |
| HBAN Huntington Bancshares Inc. | 0.39% | 52,650 | $913K | New |
| PAR Par Technology Corp. | 0.39% | 25,000 | $907K | No change |
| EOG EOG Resources Inc. | 0.39% | 8,585 | $902K | Add +72.3% |
| HUCK Huckleberry AI Inc. filed as DOMO INC | 0.38% | 105,000 | $885K | No change |
| VZ Verizon Communications Inc. | 0.38% | 21,487 | $875K | Reduce -0.8% |
| OKE Oneok Inc. | 0.37% | 11,750 | $864K | No change |
| FOR Forestar Group Inc. | 0.37% | 35,000 | $862K | No change |
| TXN Texas Instruments Inc. | 0.37% | 4,957 | $860K | Add +3.7% |
| V Visa Inc. Class A | 0.37% | 2,417 | $848K | No change |
| UNP Union Pacific Corp. | 0.36% | 3,619 | $837K | Add +4.3% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.36% | 14,400 | $837K | New |
| BXP BXP Inc. | 0.36% | 12,379 | $835K | Add +8.1% |
| STWD Starwood Property Trust Inc. | 0.36% | 45,667 | $822K | Reduce -3.2% |
| GOOGL Alphabet Inc. Class A | 0.35% | 2,625 | $822K | No change |
| JPC Nuveen Prefered & Income Opp | 0.35% | 100,564 | $816K | Add +0.3% |
| CAT Caterpillar Inc. | 0.35% | 1,404 | $804K | Reduce -0.3% |
| VNOM Viper Energy Inc. Class A | 0.35% | 20,692 | $799K | Add +17.2% |
| AVB Avalonbay Communities Inc. | 0.34% | 4,386 | $795K | Add +9.7% |
| CSQ Calamos Strat TTL RTRN FND | 0.32% | 38,800 | $745K | No change |
| DUK Duke Energy Corp. | 0.28% | 5,537 | $649K | No change |
| KHC The Kraft Heinz Co. | 0.27% | 26,208 | $636K | Reduce -3.2% |
| ALIT Alight Inc. Class A | 0.25% | 300,000 | $585K | Reduce -49.1% |
| ETG Eaton Vance T/A GL DVD Incm | 0.23% | 23,500 | $543K | No change |
| ADBE Adobe Inc. | 0.23% | 1,547 | $541K | Reduce -35.2% |
| BDJ BlackRock Enhanced Eqty DVD | 0.23% | 57,000 | $540K | No change |
| NZF Nuveen Municipal Credit Inc. | 0.23% | 41,710 | $525K | No change |
Options reported separately and not counted above: GPN calls ($2.7M), DKS calls ($990K), PLTR puts ($889K), GDXJ puts ($740K), QTUM puts ($548K), STRL calls ($306K), IREN puts ($264K), APLD calls ($245K), BRRR puts ($191K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 85,661 | $1.3M | Add +1.8% |
Total filed on the 13F, all lines: $232.9M.
Portfolio Sells Q3 2025 → Q4 2025
| PSEC Prospect Capital Corp. | Sold out | 0.00% | −0.88 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.85 |
| CNNE Cannae Holdings Inc. | Reduce -42.0% | 0.62% | −0.62 |
| GSAT Globalstar Inc. | Sold out | 0.00% | −0.59 |
| SLND Southland Holdings Inc. | Reduce -18.4% | 1.00% | −0.58 |
| ALIT Alight Inc. Class A | Reduce -49.1% | 0.25% | −0.57 |
| GPN Global Payments Inc. | Sold out | 0.00% | −0.50 |
| SMWB Similarweb Ltd. | Sold out | 0.00% | −0.47 |
| AESI Atlas Energy Solutions Inc. | Reduce -63.3% | 0.19% | −0.43 |
| ABR Arbor Realty Trust Inc. | Reduce -46.8% | 0.20% | −0.40 |
| VBTX Veritex Holdings Inc. | Sold out | 0.00% | −0.39 |
| YEXT Yext Inc. | Sold out | 0.00% | −0.37 |
| FLYW Flywire Corp.-Voting | Reduce -24.0% | 1.31% | −0.33 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.30 |
| MSFT Microsoft Corp. | Reduce -0.6% | 3.27% | −0.23 |
| LBRT Liberty Energy Inc. | Reduce -51.6% | 0.60% | −0.22 |
| CMCO Columbus McKinnon Corp. | Reduce -37.5% | 0.56% | −0.18 |
| SHEL Shell PLC-ADR | Reduce -10.4% | 1.75% | −0.14 |
| BILL Bill Holdings Inc. | Reduce -27.7% | 0.40% | −0.13 |
| BAND Bandwidth Inc. Class A | Reduce -2.4% | 1.30% | −0.13 |
| ADBE Adobe Inc. | Reduce -35.2% | 0.23% | −0.13 |
| LSPD Lightspeed Commerce Inc. | Reduce -20.0% | 0.63% | −0.12 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.10 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.10 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.09 |
| CALY Callaway Golf Company | Reduce -31.8% | 0.43% | −0.08 |
| ASUR Asure Software Inc. | Sold out | 0.00% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -2.1% | 0.73% | −0.06 |
| STWD Starwood Property Trust Inc. | Reduce -3.2% | 0.36% | −0.04 |
| OBDC Blue Owl Capital Corp. | Reduce -2.4% | 0.77% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -0.8% | 0.38% | −0.03 |
| KHC The Kraft Heinz Co. | Reduce -3.2% | 0.27% | −0.03 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -0.5% | 1.20% | −0.03 |
| PML PIMCO Municipal Income FD II | Reduce -34.5% | 0.04% | −0.02 |
| NMZ Nuveen Muni Hi Inc. Opport | Reduce -0.3% | 0.58% | −0.02 |
| RITM Rithm Capital Corp. | Reduce -0.2% | 0.21% | −0.01 |
| MQY BlackRock Muniyield Quality | Reduce -7.0% | 0.05% | −0.00 |
| AVGO Broadcom Inc. | Reduce -5.0% | 4.50% | +0.01 |
| CAT Caterpillar Inc. | Reduce -0.3% | 0.35% | +0.06 |
| AMZN Amazon.com Inc. | Reduce -1.1% | 1.78% | +0.08 |
| AAPL Apple Inc. | Reduce -0.7% | 5.34% | +0.34 |
| GOOG Alphabet Inc. Class C | Reduce -0.9% | 4.54% | +1.01 |
Portfolio Buys Q3 2025 → Q4 2025
| EB Eventbrite Inc. Class A | Add +21.1% | 1.69% | +0.91 |
| LIVEPERSON INC (LPSN 0 12/15/26) | New | 0.68% | +0.68 |
| FISV Fiserv Inc. | Add +884.4% | 0.58% | +0.47 |
| CMG Chipotle Mexican Grill Inc. | New | 0.45% | +0.45 |
| RPD RAPID7 Inc. | New | 0.43% | +0.43 |
| EEFT Euronet Worldwide Inc. | New | 0.41% | +0.41 |
| HBAN Huntington Bancshares Inc. | New | 0.39% | +0.39 |
| ONTF ON24 Inc. | Add +11.1% | 1.03% | +0.37 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.36% | +0.36 |
| TCBI Texas Capital Bancshares Inc. | Add +80.8% | 0.53% | +0.26 |
| OZK Bank Ozk | Add +83.3% | 0.55% | +0.22 |
| SMWB Similarweb Ltd. | New | 0.22% | +0.22 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.22% | +0.22 |
| EQT Eqt Corp. | New | 0.21% | +0.21 |
| BHP BHP Group Ltd.-Spon ADR | Add +0.7% | 2.24% | +0.20 |
| NVG Nuveen Amt-FR Muni CRDT | Add +10.6% | 1.51% | +0.19 |
| MQ Marqeta Inc. | Add +41.7% | 0.87% | +0.19 |
| KIM Kimco Realty Corp. | New | 0.19% | +0.19 |
| BNL Broadstone Net Lease Inc. | New | 0.19% | +0.19 |
| EXFY Expensify Inc. Class A | Add +50.4% | 0.91% | +0.17 |
| AMGN Amgen Inc. | Add +1.3% | 1.10% | +0.17 |
| TAP Molson Coors Beverage Co. Class B | Add +11.6% | 1.23% | +0.17 |
| NAD Nuveen Quality Municipal Inc. | Add +8.7% | 1.43% | +0.16 |
| FANG Diamondback Energy Inc. | New | 0.16% | +0.16 |
| CRMT America's Car-Mart Inc. | Add +71.2% | 0.47% | +0.15 |
| BC Brunswick Corp. | Add +1.9% | 0.90% | +0.15 |
| EOG EOG Resources Inc. | Add +72.3% | 0.39% | +0.15 |
| FCX Freeport-McMoran Inc. | Add +2.8% | 0.54% | +0.14 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +4.6% | 1.85% | +0.13 |
| CPAY Corpay Inc. | New | 0.11% | +0.11 |
| BAC Bank of America Corp. | Add +1.4% | 1.19% | +0.10 |
| FDX FedEx Corp. | Add +3.5% | 0.43% | +0.09 |
| FSLR First Solar Inc. | Add +4.2% | 0.48% | +0.09 |
| SLB SLB Ltd. | Add +2.0% | 0.65% | +0.08 |
| SRLN SS Blackstone Sr Loan ETF | Add +2.6% | 2.97% | +0.07 |
| VNOM Viper Energy Inc. Class A | Add +17.2% | 0.35% | +0.06 |
| ASPN Aspen Aerogels Inc. | Add +162.5% | 0.64% | +0.04 |
| PLD Prologis Inc. | Add +23.2% | 0.15% | +0.04 |
| FIS Fidelity National Info Serv | Add +23.3% | 0.13% | +0.03 |
| MA Mastercard Inc. Class A | Add +18.7% | 0.16% | +0.03 |
| VYX NCR Voyix Corp. | Add +25.8% | 0.86% | +0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +1.2% | 2.05% | +0.02 |
| DSM BNYM Strat Muni BND | Add +11.5% | 0.14% | +0.02 |
| SYK Stryker Corp. | Add +16.1% | 0.20% | +0.02 |
| LADR Ladder Capital Corp.-REIT | Add +1.0% | 0.70% | +0.02 |
| MHD BlackRock Muniholdings Fund | Add +8.3% | 0.19% | +0.02 |
| DOCU Docusign Inc. | Add +13.7% | 0.19% | +0.01 |
| DLB Dolby Laboratories Inc. Class A | Add +24.0% | 0.15% | +0.01 |
| AVB Avalonbay Communities Inc. | Add +9.7% | 0.34% | +0.01 |
| DIS The Walt Disney Co. | Add +2.2% | 0.51% | +0.01 |
Options Activity Q3 2025 → Q4 2025
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 10,000 | $6.0Mbefore exit |
| GPN Global Payments Inc. | call | New | 35,000 | $2.7M |
| DKS Dick's Sporting Goods Inc. | call | New | 5,000 | $990K |
| PLTR Palantir Technologies Inc. Class A | put | New | 5,000 | $889K |
| MPT Medical Properties Trust Inc. | call | Sold out | 150,000 | $761Kbefore exit |
| GDXJ Vaneck Junior Gold Miners | put | New | 6,500 | $740K |
| CRK Comstock Resources Inc. | call | Sold out | 35,000 | $694Kbefore exit |
| CBRL Cracker Barrel Old Country | call | Sold out | 15,000 | $661Kbefore exit |
| QTUM Defiance Quantum ETF | put | New | 5,000 | $548K |
| QBTS D-Wave Quantum Inc. | call | Sold out | 20,000 | $494Kbefore exit |
| IREN Iren Ltd. | call | Sold out | 10,000 | $469Kbefore exit |
| NFE New Fortress Energy Inc. | call | Sold out | 200,000 | $442Kbefore exit |
| MP MP Materials Corp. | call | Sold out | 5,500 | $369Kbefore exit |
| TBBK The Bancorp Inc. | call | Sold out | 4,000 | $300Kbefore exit |
| WULF Terawulf Inc. | call | Sold out | 25,000 | $286Kbefore exit |
| IREN Iren Ltd. | put | New | 7,000 | $264K |
| BMNR Bitmine Immersion Technologi | call | Sold out | 5,000 | $260Kbefore exit |
| RCAT Red Cat Holdings Inc. | call | Sold out | 25,000 | $259Kbefore exit |
| USAR USA Rare Earth Inc. | call | Sold out | 15,000 | $258Kbefore exit |
| OLLI Ollie's Bargain Outlet Holdi | call | Sold out | 2,000 | $257Kbefore exit |
| APLD Applied Digital Corp. | call | Reduce -60.0% | 10,000 | $245K |
| MSTR Strategy Inc. | call | Sold out | 600 | $193Kbefore exit |
| BRRR Coinshares Bitcoin ETF | put | New | 5,000 | $191K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | Sold out | 3,900,000 | $1.6Mbefore exit |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | Add +1.8% | 85,661 | $1.3M |
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 |