Penbrook Management LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 24, 2024), Penbrook Management LLC reported 101 stock positions worth $163.8 million. Its top holding was Novo-Nordisk A/S-Spons ADR (NVO) at 27.2% of the portfolio, followed by Microsoft (MSFT, 7.4%) and Amazon.com (AMZN, 6.2%). Compared with Q1 2024, it opened 5 new positions, sold out of 6, added to 10 and reduced 44. The biggest buy was Amazon.com (AMZN, shares +4%) and the biggest sale Builders Firstsource (BLDR, shares −54%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001381055
Portfolio Value
$163.8M (Q2 2024)
SEC Filing
0001381055-24-000003 ↗ filed Jul 24, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $161.3M Q1 2024 Q2 2024: $163.8M $163.8M Q2 2024 Q3 2024: $153.8M Q3 2024 Q4 2024: $146.6M Q4 2024 Q1 2025: $132.3M Q1 2025 Q2 2025: $133.0M Q2 2025 Q3 2025: $143.2M Q3 2025 Q4 2025: $145.0M Q4 2025 Q1 2026: $132.1M Q1 2026 Q2 2026: $156.8M Q2 2026

Holdings 101 stocks · $163.8M
NVO Novo-Nordisk A/S-Spons ADR 27.24% 312,600 $44.6M No change
MSFT Microsoft Corp. 7.41% 27,168 $12.1M Reduce -1.6%
AMZN Amazon.com Inc. 6.21% 52,640 $10.2M Add +4.1%
MCO Moody's Corp. 3.51% 13,650 $5.7M Reduce -0.7%
GOOG Alphabet Inc. Class C 2.85% 25,470 $4.7M No change
TRI Thomson Reuters Corp. 2.62% 25,509 $4.3M No change
GOOGL Alphabet Inc. Class A 2.58% 23,170 $4.2M No change
VRN Veren Inc. 2.27% 472,050 $3.7M Reduce -0.9%
ACLS Axcelis Technologies Inc. 1.99% 22,925 $3.3M Reduce -46.0%
TRGP Targa Resources Corp. 1.72% 21,905 $2.8M Reduce -4.2%
PLAB Photronics Inc. 1.56% 103,395 $2.6M Reduce -9.7%
VET Vermilion Energy Inc. 1.52% 226,670 $2.5M Reduce -0.5%
BX Blackstone Inc. 1.25% 16,600 $2.1M Reduce -5.3%
COHU Cohu Inc. 1.24% 61,575 $2.0M Reduce -3.2%
NNY Nuveen New York Muni Val 1.08% 213,727 $1.8M No change
NVGS Navigator Holdings Ltd. 1.06% 99,900 $1.7M No change
FNF Fidelity National Financial 1.03% 34,259 $1.7M Reduce -2.1%
BPOP Popular Inc. 0.98% 18,200 $1.6M Reduce -1.4%
ALKT Alkami Technology Inc. 0.97% 55,675 $1.6M Reduce -5.2%
SA Seabridge Gold Inc. 0.93% 111,095 $1.5M Add +46.1%
VMD Viemed Healthcare Inc. 0.93% 231,607 $1.5M Add +236.0%
ADP Automatic Data Processing 0.92% 6,300 $1.5M No change
BRK.B Berkshire Hathaway Inc. Class B 0.90% 3,605 $1.5M Reduce -2.7%
ET Energy Transfer LP 0.87% 87,496 $1.4M No change
FBP First Bancorp Puerto Rico 0.79% 70,800 $1.3M Reduce -0.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.77% 2,315 $1.3M Reduce -4.1%
VZ Verizon Communications Inc. 0.76% 30,171 $1.2M No change
REGN Regeneron Pharmaceuticals 0.74% 1,147 $1.2M No change
USAC USA Compression Partners LP 0.73% 50,476 $1.2M No change
SONY Sony Group Corp. - SP ADR 0.73% 14,000 $1.2M No change
SYF Synchrony Financial 0.72% 24,850 $1.2M Reduce -0.4%
OKE Oneok Inc. 0.70% 14,035 $1.1M No change
KLIC Kulicke & Soffa Industries 0.62% 20,650 $1.0M Reduce -7.3%
COOP Mr Cooper Group Inc. 0.60% 12,180 $989K No change
WMB Williams Cos Inc. 0.58% 22,230 $945K Reduce -0.5%
HESM Hess Midstream LP Class A 0.57% 25,830 $941K No change
CSCO Cisco Systems Inc. 0.56% 19,400 $922K No change
ABBV Abbvie Inc. 0.56% 5,373 $922K No change
META Meta Platforms Inc. Class A 0.55% 1,800 $908K No change
PUBM Pubmatic Inc. Class A 0.53% 42,795 $869K Reduce -8.0%
AAPL Apple Inc. 0.53% 4,104 $864K Reduce -14.0%
DAIO Data I/O Corp. 0.53% 312,050 $861K No change
MESO Mesoblast Ltd.- Spon ADR 0.52% 124,925 $851K Reduce -0.2%
PL Planet Labs PBC 0.52% 456,655 $849K Add +7.1%
BLFS Biolife Solutions Inc. 0.51% 39,015 $836K Reduce -3.1%
QQQ Invesco QQQ Trust Series 1 0.44% 1,495 $716K Add +1.7%
SHEL Shell PLC-ADR 0.44% 9,900 $715K No change
NPKI NPK International Inc. filed as NEWPARK RES INC 0.42% 82,760 $688K Reduce -3.1%
SKY Champion Homes Inc. filed as SKYLINE CHAMPION CORPORATION 0.41% 9,810 $665K Add +2.7%
BLDR Builders Firstsource Inc. 0.41% 4,797 $664K Reduce -54.4%
LINC Lincoln Educational Services 0.40% 55,131 $654K Reduce -4.9%
POWI Power Integrations Inc. 0.39% 9,200 $646K No change
FISV Fiserv Inc. 0.39% 4,330 $645K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.39% 3,700 $640K Reduce -13.8%
EMR Emerson Electric Co. 0.39% 5,800 $639K Reduce -3.3%
NVS Novartis AG-Sponsored ADR 0.37% 5,760 $613K No change
IVAC Intevac Inc. 0.36% 154,210 $595K Reduce -5.3%
BBSI Barrett Business SVCS Inc. 0.35% 17,600 $577K No change
CVE Cenovus Energy Inc. 0.35% 28,800 $566K No change
IBB iShares Biotechnology ETF 0.34% 4,050 $556K No change
RRC Range Resources Corp. 0.33% 16,090 $539K Add +1.9%
ASUR Asure Software Inc. 0.32% 61,785 $519K Reduce -3.0%
MRK Merck & Co. Inc. 0.31% 4,106 $508K No change
ABNB Airbnb Inc. Class A 0.30% 3,250 $493K Add +1.6%
HTGC Hercules Capital Inc. 0.30% 23,789 $486K Add +0.4%
PIM Franklin Master Interm IT-Ui filed as PUTNAM MASTER INTER INCOME T 0.30% 149,963 $484K No change
XLG Invesco S&P 500 Top 50 ETF 0.29% 10,370 $474K New
CVS CVS Health Corp. 0.27% 7,600 $449K Reduce -5.0%
DMLP Dorchester Minerals LP 0.27% 14,450 $446K No change
INVE Inve Technologies Inc. filed as IDENTIV INC 0.27% 101,869 $438K Reduce -3.4%
OESX Orion Energy Systems Inc. 0.27% 391,497 $435K Reduce -3.4%
PAR Par Technology Corp. 0.24% 8,330 $392K New
AFL Aflac Inc. 0.22% 4,100 $366K No change
RSP Invesco S&P 500 Equal Weight 0.22% 2,170 $356K No change
WMT Walmart Inc. 0.19% 4,621 $313K New
FIS Fidelity National Info Serv 0.19% 4,124 $311K No change
AEHR Aehr Test Systems 0.19% 27,580 $308K New
FAF First American Financial 0.18% 5,550 $299K Reduce -1.8%
JEPI JPMorgan Equity Premium Inco 0.18% 5,150 $292K No change
T AT&T Inc. 0.17% 14,455 $276K Reduce -4.0%
UTG Reaves Utility Income Fund 0.16% 9,875 $270K Reduce -3.9%
ORI Old Republic Intl Corp. 0.16% 8,680 $268K No change
BDX Becton Dickinson and Co. 0.16% 1,115 $261K No change
MP MP Materials Corp. 0.16% 20,265 $258K Reduce -4.5%
JPC Nuveen Prefered & Income Opp 0.15% 33,621 $251K No change
CVX Chevron Corp. 0.15% 1,555 $243K Reduce -10.1%
COP Conocophillips 0.14% 2,025 $232K Reduce -4.7%
CYRX Cryoport Inc. 0.14% 33,130 $229K Reduce -3.1%
WLY Wiley (john) & Sons Class A 0.14% 5,500 $224K No change
CEF Sprott Physical Gold and Sil 0.13% 9,500 $209K New
TUSK Mammoth Energy Services Inc. 0.12% 61,900 $203K Reduce -4.6%
VKQ Invesco Municipal Trust 0.12% 20,000 $199K No change
NUV Nuveen Municipal Value 0.11% 20,000 $173K No change
NXH Neighborhood Intelligence Inc. filed as BEYOND INC 0.10% 12,245 $160K Reduce -4.8%
MIN Aberdeen Intermediate Inc. FD 0.09% 58,229 $155K Reduce -7.5%
AM Antero Midstream Corp. 0.09% 10,000 $147K No change
F Ford Motor Co. filed as FORD MTR CO DEL 0.09% 11,500 $144K No change
XGN Exagen Inc. 0.08% 69,455 $126K Reduce -9.5%
INDI Indie Semiconductor Inc. Class A 0.07% 19,000 $117K No change
CHGG Chegg Inc. 0.03% 15,235 $48K Reduce -59.7%
EOSE Eos Energy Enterprises Inc. 0.01% 16,500 $21K Add +32.0%

Portfolio Sells Q1 2024 → Q2 2024
BLDR Builders Firstsource Inc. Reduce -54.4% 0.41% −0.95
ACLS Axcelis Technologies Inc. Reduce -46.0% 1.99% −0.95
PLAB Photronics Inc. Reduce -9.7% 1.56% −0.45
RSPG Invesco S&P 500 Equal Weight Sold out 0.00% −0.42
KOPN Kopin Corp. Sold out 0.00% −0.35
INVE Inve Technologies Inc. Reduce -3.4% 0.27% −0.25
CYRX Cryoport Inc. Reduce -3.1% 0.14% −0.24
VET Vermilion Energy Inc. Reduce -0.5% 1.52% −0.23
IMMR Immersion Corporation Sold out 0.00% −0.20
NXH Neighborhood Intelligence Inc. Reduce -4.8% 0.10% −0.19
BX Blackstone Inc. Reduce -5.3% 1.25% −0.17
WBS Webster Financial Corp. Sold out 0.00% −0.16
CAT Caterpillar Inc. Sold out 0.00% −0.16
QDEL Quidelortho Corp. Sold out 0.00% −0.16
PUBM Pubmatic Inc. Class A Reduce -8.0% 0.53% −0.15
CHGG Chegg Inc. Reduce -59.7% 0.03% −0.15
VRN Veren Inc. Reduce -0.9% 2.27% −0.15
CVS CVS Health Corp. Reduce -5.0% 0.27% −0.12
FNF Fidelity National Financial Reduce -2.1% 1.03% −0.12
IBM Intl Business Machines Corp. Reduce -13.8% 0.39% −0.12
KLIC Kulicke & Soffa Industries Reduce -7.3% 0.62% −0.07
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.7% 0.90% −0.07
COHU Cohu Inc. Reduce -3.2% 1.24% −0.07
EMR Emerson Electric Co. Reduce -3.3% 0.39% −0.03
FAF First American Financial Reduce -1.8% 0.18% −0.03
MP MP Materials Corp. Reduce -4.5% 0.16% −0.03
COP Conocophillips Reduce -4.7% 0.14% −0.03
BPOP Popular Inc. Reduce -1.4% 0.98% −0.02
IVAC Intevac Inc. Reduce -5.3% 0.36% −0.02
TUSK Mammoth Energy Services Inc. Reduce -4.6% 0.12% −0.02
CVX Chevron Corp. Reduce -10.1% 0.15% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.1% 0.77% −0.01
MIN Aberdeen Intermediate Inc. FD Reduce -7.5% 0.09% −0.01
UTG Reaves Utility Income Fund Reduce -3.9% 0.16% −0.01
XGN Exagen Inc. Reduce -9.5% 0.08% +0.00
T AT&T Inc. Reduce -4.0% 0.17% +0.00
ASUR Asure Software Inc. Reduce -3.0% 0.32% +0.01
FBP First Bancorp Puerto Rico Reduce -0.8% 0.79% +0.01
AAPL Apple Inc. Reduce -14.0% 0.53% +0.02
LINC Lincoln Educational Services Reduce -4.9% 0.40% +0.03
WMB Williams Cos Inc. Reduce -0.5% 0.58% +0.04
NPKI NPK International Inc. Reduce -3.1% 0.42% +0.04
OESX Orion Energy Systems Inc. Reduce -3.4% 0.27% +0.05
BLFS Biolife Solutions Inc. Reduce -3.1% 0.51% +0.05
SYF Synchrony Financial Reduce -0.4% 0.72% +0.05
ALKT Alkami Technology Inc. Reduce -5.2% 0.97% +0.07
MESO Mesoblast Ltd.- Spon ADR Reduce -0.2% 0.52% +0.13
TRGP Targa Resources Corp. Reduce -4.2% 1.72% +0.13
MCO Moody's Corp. Reduce -0.7% 3.51% +0.16
MSFT Microsoft Corp. Reduce -1.6% 7.41% +0.21

Portfolio Buys Q1 2024 → Q2 2024
AMZN Amazon.com Inc. Add +4.1% 6.21% +0.55
VMD Viemed Healthcare Inc. Add +236.0% 0.93% +0.52
XLG Invesco S&P 500 Top 50 ETF New 0.29% +0.29
PAR Par Technology Corp. New 0.24% +0.24
SA Seabridge Gold Inc. Add +46.1% 0.93% +0.22
WMT Walmart Inc. New 0.19% +0.19
AEHR Aehr Test Systems New 0.19% +0.19
CEF Sprott Physical Gold and Sil New 0.13% +0.13
QQQ Invesco QQQ Trust Series 1 Add +1.7% 0.44% +0.03
HTGC Hercules Capital Inc. Add +0.4% 0.30% +0.03
EOSE Eos Energy Enterprises Inc. Add +32.0% 0.01% +0.00
RRC Range Resources Corp. Add +1.9% 0.33% −0.01
ABNB Airbnb Inc. Class A Add +1.6% 0.30% −0.03
SKY Champion Homes Inc. Add +2.7% 0.41% −0.10
PL Planet Labs PBC Add +7.1% 0.52% −0.16

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 101$156.8MNVO, AMZN, GOOGL, MSFT, GOOG
Q1 2026 93$132.1MNVO, AMZN, MSFT, GOOGL, GOOG
Q4 2025 97$145.0MNVO, AMZN, MSFT, GOOGL, GOOG
Q3 2025 104$143.2MNVO, MSFT, AMZN, MCO, GOOGL
Q2 2025Amended 102$133.0MNVO, MSFT, AMZN, MCO, TRI
Q1 2025 107$132.3MNVO, AMZN, MSFT, MCO, TRI
Q4 2024 110$146.6MNVO, AMZN, MSFT, MCO, GOOG
Q3 2024 104$153.8MNVO, MSFT, AMZN, MCO, TRI
Q2 2024 101$163.8MNVO, MSFT, AMZN, MCO, GOOG
Q1 2024 102$161.3MNVO, MSFT, AMZN, MCO, ACLS