Pillsbury Lake Capital LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Pillsbury Lake Capital LLC reported 29 stock positions worth $245.4 million. Its top holding was Turning Point Brands (TPB) at 7.1% of the portfolio, followed by Lincoln Educational Services (LINC, 6.9%) and Cavco Industries (CVCO, 6.2%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0002111915
- Portfolio Value
- $245.4M (Q4 2025)
- SEC Filing
- 0001941040-26-000191 ↗ filed Feb 18, 2026
Holdings Value
Holdings 29 stocks · $245.4M
| TPB Turning Point Brands Inc. | 7.08% | 160,241 | $17.4M | — |
| LINC Lincoln Educational Services | 6.94% | 705,108 | $17.0M | — |
| CVCO Cavco Industries Inc. | 6.15% | 25,546 | $15.1M | — |
| COMP Compass Inc. Class A | 5.74% | 1,332,113 | $14.1M | — |
| BBW Build-A-Bear Workshop Inc. | 5.25% | 210,334 | $12.9M | — |
| BGSI Boyd Group Services Inc. | 5.19% | 79,949 | $12.7M | — |
| LUXE Luxexperience BV | 5.14% | 1,509,268 | $12.6M | — |
| GPGI Gpgi Inc. filed as COMPOSECURE INC | 4.84% | 616,127 | $11.9M | — |
| PDFS PDF Solutions Inc. | 4.37% | 376,069 | $10.7M | — |
| NATL NCR Atleos Corp. | 4.16% | 268,088 | $10.2M | — |
| SRTA Strata Critical Medical Inc. | 3.88% | 1,978,252 | $9.5M | — |
| CRTO Criteo SA-Spon | 3.87% | 460,242 | $9.5M | — |
| MGNI Magnite Inc. | 3.86% | 583,644 | $9.5M | — |
| HNI Hni Corp. | 3.62% | 211,282 | $8.9M | — |
| KRC Kilroy Realty Corp. | 3.41% | 223,788 | $8.4M | — |
| BLZE Backblaze Inc. Class A | 3.28% | 1,729,132 | $8.1M | — |
| KRUS Kura Sushi USA Inc. Class A | 3.28% | 153,574 | $8.0M | — |
| MAMA Mama's Creations Inc. | 2.71% | 493,184 | $6.7M | — |
| ASR Grupo Aeroportuario Sur-ADR | 2.64% | 20,045 | $6.5M | — |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 2.58% | 81,123 | $6.3M | — |
| BV Brightview Holdings Inc. | 2.53% | 489,973 | $6.2M | — |
| CLH Clean Harbors Inc. | 2.16% | 22,553 | $5.3M | — |
| CRON Cronos Group Inc. | 1.97% | 1,839,003 | $4.8M | — |
| INVE Inve Technologies Inc. filed as IDENTIV INC | 1.48% | 945,300 | $3.6M | — |
| PINS Pinterest Inc. Class A | 1.46% | 138,205 | $3.6M | — |
| BXSL Blackstone Secured Lending F | 1.08% | 100,679 | $2.7M | — |
| NXDR Nextdoor Holdings Inc. | 0.98% | 1,150,000 | $2.4M | — |
| CBNA Chain Bridge Bancorp Inc. Class A | 0.26% | 18,286 | $633K | — |
| AEYE Audioeye Inc. | 0.09% | 21,164 | $211K | — |
Options reported separately and not counted above: IWM puts ($40.8M).
Portfolio Sells Q4 2025
No earlier filing to compare with.
Portfolio Buys Q4 2025
No earlier filing to compare with.