Private Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Private Capital Management, LLC reported 137 stock positions worth $985.6 million. Its top holding was Quinstreet (QNST) at 6.8% of the portfolio, followed by Harrow (HROW, 6.0%) and Barrett Business SVCS (BBSI, 4.9%). Compared with Q1 2025, it opened 15 new positions, sold out of 8, added to 55 and reduced 42. The biggest buy was a new position in First American Financial (FAF) and the biggest sale an exit from Vivid Seats.
- Most Recent 13F
- Q2 2026
- Location
- NAPLES, FL
- CIK
- 0001588456
- Portfolio Value
- $985.6M (Q2 2025)
- SEC Filing
- 0001214659-25-012256 ↗ filed Aug 14, 2025
Holdings Value
Holdings 137 stocks · $985.6M
| QNST Quinstreet Inc. | 6.79% | 4,154,221 | $66.9M | Add +1.7% |
| HROW Harrow Inc. | 6.03% | 1,945,361 | $59.4M | Add +2.9% |
| BBSI Barrett Business SVCS Inc. | 4.85% | 1,147,509 | $47.8M | Add +0.1% |
| LNTH Lantheus Holdings Inc. | 4.52% | 543,639 | $44.5M | Add +3.7% |
| BGC BGC Group Inc. Class A | 4.30% | 4,146,482 | $42.4M | Add +3.7% |
| KKR KKR & Co. Inc. | 4.27% | 316,243 | $42.1M | Add +4.4% |
| ECNCF Ecn Capital Corp. | 3.90% | 19,083,984 | $38.4M | Add +1.3% |
| ASUR Asure Software Inc. | 3.86% | 3,901,200 | $38.1M | Add +2.7% |
| TH Target Hospitality Corp. | 3.50% | 4,851,439 | $34.5M | Reduce -4.0% |
| JPM JPMorgan Chase & Co. | 3.32% | 112,701 | $32.7M | Reduce -1.1% |
| PERI Perion Network Ltd. | 3.31% | 3,212,903 | $32.6M | Add +4.4% |
| SECYF Secure Waste Infrastructure | 3.06% | 2,642,085 | $30.1M | Add +15.3% |
| AIOT Powerfleet Inc. | 2.95% | 6,743,413 | $29.1M | Reduce -0.0% |
| III Information Services Group | 2.79% | 5,718,825 | $27.5M | Reduce -2.6% |
| MPAA Motorcar Parts of America Inc. | 2.76% | 2,424,546 | $27.2M | Reduce -3.1% |
| LGND Ligand Pharmaceuticals | 2.64% | 229,253 | $26.1M | Add +54.8% |
| JEF Jefferies Financial Group Inc. | 2.34% | 421,669 | $23.1M | Add +5.8% |
| SNEX Stonex Group Inc. | 2.30% | 249,238 | $22.7M | Reduce -10.6% |
| IWGFF International Workplace Grou | 2.26% | 7,769,295 | $22.3M | Add +6.8% |
| SNV Synovus Financial Corp. | 2.06% | 392,915 | $20.3M | Add +34.5% |
| SMBK Smartfinancial Inc. | 1.84% | 537,446 | $18.2M | Add +3.8% |
| LAKE Lakeland Industries Inc. | 1.60% | 1,155,073 | $15.7M | Add +15.9% |
| FAF First American Financial | 1.43% | 229,028 | $14.1M | New |
| ATRO Astronics Corp. | 1.37% | 402,543 | $13.5M | Reduce -0.1% |
| ACNB Acnb Corp. | 1.37% | 314,513 | $13.5M | Add +15.8% |
| TROX Tronox Holdings PLC | 1.26% | 2,444,285 | $12.4M | Reduce -0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.10% | 36,901 | $10.9M | Add +195.6% |
| ASLE Aersale Corp. | 1.02% | 1,679,082 | $10.1M | Add +1.4% |
| SEAT Vivid Seats Inc. Class A | 0.94% | 5,467,839 | $9.2M | New |
| RJF Raymond James Financial Inc. | 0.91% | 58,445 | $9.0M | Reduce -0.1% |
| PLTR Palantir Technologies Inc. Class A | 0.84% | 60,461 | $8.2M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 0.73% | 41,005 | $7.2M | Add +6.9% |
| HTB Hometrust Bancshares Inc. | 0.61% | 159,941 | $6.0M | Add +172.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.59% | 9,484 | $5.9M | Reduce -1.4% |
| SSBK Southern States Bancshares | 0.53% | 143,044 | $5.2M | Add +0.5% |
| MSFT Microsoft Corp. | 0.47% | 9,389 | $4.7M | Reduce -6.9% |
| VIG Vanguard Dividend Apprec ETF | 0.46% | 22,226 | $4.5M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 0.45% | 24,837 | $4.4M | No change |
| PBFS Pioneer Bancorp Inc. | 0.44% | 358,697 | $4.3M | Add +38.0% |
| NOBL Proshares S&P 500 Dividend A | 0.42% | 41,256 | $4.2M | Reduce -2.1% |
| FNWB First Northwest Bancorp | 0.41% | 523,849 | $4.0M | Reduce -3.0% |
| DON Wisdomtree US Midcap Dividen | 0.41% | 79,629 | $4.0M | Reduce -1.3% |
| CEFS Saba Opport Hedg Cef ETF-Usd | 0.36% | 158,063 | $3.5M | Add +28.8% |
| AAPL Apple Inc. | 0.35% | 16,949 | $3.5M | Reduce -5.8% |
| PEP Pepsico Inc. | 0.35% | 26,060 | $3.4M | Add +1343.8% |
| IVV iShares Core S&P 500 ETF | 0.32% | 5,019 | $3.1M | Reduce -6.3% |
| WTPI Wisdomtree Equity Premium Inc. | 0.29% | 89,423 | $2.9M | Add +2.3% |
| AMZN Amazon.com Inc. | 0.28% | 12,641 | $2.8M | Add +1.5% |
| IJH iShares Core S&P Midcap ETF | 0.28% | 43,799 | $2.7M | Reduce -0.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.23% | 28,158 | $2.3M | Reduce -0.2% |
| CVX Chevron Corp. | 0.23% | 15,885 | $2.3M | Reduce -0.1% |
| PFE Pfizer Inc. | 0.21% | 86,492 | $2.1M | Add +13.1% |
| TGT Target Corp. | 0.21% | 20,551 | $2.0M | Add +29.4% |
| CLX Clorox Company | 0.20% | 16,400 | $2.0M | Add +84.3% |
| PZZA Papa John's Intl Inc. | 0.19% | 38,800 | $1.9M | New |
| CPB The Campbell's Company | 0.19% | 61,800 | $1.9M | Add +70.3% |
| MA Mastercard Inc. Class A | 0.16% | 2,866 | $1.6M | No change |
| SCHF Schwab Intl Equity ETF | 0.16% | 72,468 | $1.6M | Reduce -1.9% |
| PSX Phillips 66 | 0.16% | 13,399 | $1.6M | Add +1.5% |
| XLE SS Energy Select Sector | 0.16% | 18,820 | $1.6M | Reduce -0.3% |
| PYPL PayPal Holdings Inc. | 0.16% | 20,700 | $1.5M | Add +10.7% |
| DGX Quest Diagnostics Inc. | 0.15% | 8,400 | $1.5M | Reduce -19.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.15% | 2,682 | $1.5M | Add +11.5% |
| NTR Nutrien Ltd. | 0.15% | 24,787 | $1.4M | No change |
| HP Helmerich & Payne | 0.15% | 95,000 | $1.4M | Add +61.0% |
| QCOM Qualcomm Inc. | 0.14% | 8,755 | $1.4M | Add +103.4% |
| BND Vanguard Total Bond Market | 0.14% | 18,446 | $1.4M | Add +22.2% |
| FE Firstenergy Corp. | 0.12% | 29,727 | $1.2M | Reduce -15.4% |
| FAS Dirx DLY Finacial B3X ETF-Ui | 0.12% | 7,000 | $1.2M | No change |
| NVDA Nvidia Corp. | 0.12% | 7,386 | $1.2M | Reduce -1.2% |
| KDP Keurig Dr Pepper Inc. | 0.11% | 33,900 | $1.1M | No change |
| EQWL Invesco S&P 100 Equal Weight | 0.11% | 10,103 | $1.1M | Add +11.1% |
| HD Home Depot Inc. | 0.11% | 2,916 | $1.1M | Reduce -0.1% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.11% | 11,444 | $1.1M | Add +0.0% |
| TAP Molson Coors Beverage Co. Class B | 0.11% | 21,700 | $1.0M | New |
| TQQQ Proshares Ultrapro QQQ | 0.11% | 12,500 | $1.0M | Add +108.3% |
| META Meta Platforms Inc. Class A | 0.10% | 1,365 | $1.0M | Reduce -0.1% |
| BTU Peabody Energy Corp. | 0.10% | 74,788 | $1.0M | Reduce -31.9% |
| TSCO Tractor Supply Company | 0.10% | 18,700 | $987K | Add +31.7% |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 0.10% | 9,966 | $980K | Add +6.3% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.09% | 9,200 | $903K | Add +10.8% |
| SO The Southern Co. | 0.08% | 8,122 | $746K | No change |
| SHEL Shell PLC-ADR | 0.07% | 10,500 | $739K | No change |
| VYM Vanguard High DVD Yield ETF | 0.07% | 5,441 | $725K | Add +3.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.07% | 10,205 | $686K | Reduce -3.6% |
| IWM iShares Russell 2000 ETF | 0.07% | 3,075 | $664K | Reduce -21.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.06% | 1,352 | $593K | Add +2.1% |
| TMO Thermo Fisher Scientific Inc. | 0.06% | 1,396 | $566K | No change |
| WMT Walmart Inc. | 0.06% | 5,756 | $563K | Reduce -0.3% |
| VCIT Vanguard Int-Term Corporate | 0.06% | 6,580 | $546K | Reduce -9.3% |
| ZBRA Zebra Technologies Corp. Class A | 0.05% | 1,725 | $532K | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.05% | 1,200 | $529K | No change |
| RRC Range Resources Corp. | 0.05% | 13,000 | $529K | Add +23.8% |
| HON Honeywell International Inc. | 0.05% | 2,046 | $476K | No change |
| XLV SS Health Care Select Sector | 0.05% | 3,528 | $476K | Reduce -1.1% |
| VOO Vanguard S&P 500 ETF | 0.05% | 836 | $475K | No change |
| XOM Exxon Mobil Corp. | 0.05% | 4,276 | $461K | Add +0.9% |
| WM Waste Management Inc. | 0.04% | 1,925 | $440K | Reduce -8.8% |
| XLF SS Financial Select Sector | 0.04% | 8,096 | $424K | Reduce -1.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.04% | 8,953 | $424K | Add +0.0% |
| IJR iShares Core S&P Small-Cap E | 0.04% | 3,840 | $420K | Add +5.5% |
| LMT Lockheed Martin Corp. | 0.04% | 878 | $407K | No change |
| KRE SS SPDR S&P Regional Bank | 0.04% | 6,700 | $398K | Add +21.8% |
| IEMG iShares Core MSCI Emerging | 0.04% | 6,307 | $379K | Reduce -3.9% |
| EVRI Everi Holdings Inc. | 0.04% | 24,660 | $351K | Reduce -92.9% |
| FTIS Enhanced Liquid Income Offshore Fund | 0.04% | 344,659 | $345K | Reduce -3.3% |
| CMP Compass Minerals Internation | 0.03% | 17,000 | $342K | Reduce -71.4% |
| BLK BlackRock Inc. | 0.03% | 325 | $341K | No change |
| IXUS iShares Core Intl Stock ETF | 0.03% | 4,379 | $339K | Add +3.0% |
| ACN Accenture PLC Class A | 0.03% | 1,132 | $338K | No change |
| PAYX Paychex Inc. | 0.03% | 2,317 | $337K | New |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | 0.03% | 10,000 | $335K | New |
| VTI VG Morningstar TS MKT ETF-US | 0.03% | 1,089 | $331K | No change |
| DUK Duke Energy Corp. | 0.03% | 2,737 | $323K | No change |
| XLK SS Technology Select Sector | 0.03% | 1,110 | $281K | No change |
| EZRA Reliance Global Group Inc. | 0.03% | 148,532 | $278K | New |
| ABBV Abbvie Inc. | 0.03% | 1,491 | $277K | Reduce -1.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.03% | 969 | $271K | No change |
| V Visa Inc. Class A | 0.03% | 741 | $263K | No change |
| DGRO iShares Core Dividend Growth | 0.03% | 4,086 | $261K | Add +1.8% |
| TTE Totalenergies SE -Spon ADR | 0.03% | 4,164 | $256K | No change |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.03% | 8,332 | $251K | Add +0.1% |
| AVGO Broadcom Inc. | 0.03% | 902 | $249K | New |
| IEFA iShares Core MSCI Eafe ETF | 0.02% | 2,935 | $245K | Add +1.8% |
| TREE Lendingtree Inc. | 0.02% | 6,500 | $241K | New |
| IWB iShares Russell 1000 ETF | 0.02% | 708 | $241K | No change |
| CIBR First Trust Nasdaq Cybersecu | 0.02% | 3,135 | $237K | New |
| ADBE Adobe Inc. | 0.02% | 603 | $233K | New |
| AMJB Alerian MLP ETN2044 filed as JPMORGAN CHASE FINL CO LLC | 0.02% | 7,694 | $233K | Reduce -2.7% |
| KHC The Kraft Heinz Co. | 0.02% | 9,000 | $232K | New |
| VWO Vanguard Ftse Emerging Marke | 0.02% | 4,679 | $231K | Reduce -2.6% |
| IHE iShares US Pharmaceuticals E | 0.02% | 3,425 | $224K | No change |
| MDY State Street SPDR S&P Midcap | 0.02% | 385 | $218K | No change |
| IBIT iShares Bitcoin Trust ETF | 0.02% | 3,500 | $214K | New |
| INTU Intuit Inc. | 0.02% | 262 | $206K | New |
| CC The Chemours Co. | 0.02% | 14,000 | $160K | No change |
| RMT Royce Micro-Cap Trust Inc. | 0.01% | 11,834 | $109K | New |
Options reported separately and not counted above: MSFT puts ($9.9M), PFE calls ($6.3M), SJM calls ($5.4M), PEP puts ($3.0M), PAYX calls ($2.9M), GEV puts ($2.6M), NVDA puts ($2.0M), HP calls ($1.8M), LNTH calls ($1.7M), XLE calls ($1.7M), HROW calls ($1.6M), STZ calls ($1.6M), and 13 more.
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HIGHLAND OPP & INC FUND (HFRO 5.375 PERP A) | PFD | 100,842 | $1.6M | Add +0.6% |
Total filed on the 13F, all lines: $987.2M.
Portfolio Sells Q1 2025 → Q2 2025
| VIVID SEATS INC | Sold out | 0.00% | −1.74 |
| AIOT Powerfleet Inc. | Reduce -0.0% | 2.95% | −1.18 |
| TROX Tronox Holdings PLC | Reduce -0.7% | 1.26% | −0.68 |
| EVRI Everi Holdings Inc. | Reduce -92.9% | 0.04% | −0.49 |
| TH Target Hospitality Corp. | Reduce -4.0% | 3.50% | −0.21 |
| FNWB First Northwest Bancorp | Reduce -3.0% | 0.41% | −0.20 |
| NFG National Fuel Gas Co. | Sold out | 0.00% | −0.10 |
| AAPL Apple Inc. | Reduce -5.8% | 0.35% | −0.09 |
| AEP American Electric Power | Sold out | 0.00% | −0.08 |
| SNEX Stonex Group Inc. | Reduce -10.6% | 2.30% | −0.07 |
| CVX Chevron Corp. | Reduce -0.1% | 0.23% | −0.07 |
| BTU Peabody Energy Corp. | Reduce -31.9% | 0.10% | −0.06 |
| NOBL Proshares S&P 500 Dividend A | Reduce -2.1% | 0.42% | −0.06 |
| DGX Quest Diagnostics Inc. | Reduce -19.2% | 0.15% | −0.04 |
| DON Wisdomtree US Midcap Dividen | Reduce -1.3% | 0.41% | −0.04 |
| FE Firstenergy Corp. | Reduce -15.4% | 0.12% | −0.04 |
| XLE SS Energy Select Sector | Reduce -0.3% | 0.16% | −0.04 |
| CMP Compass Minerals Internation | Reduce -71.4% | 0.03% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.02 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.02 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.02 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -21.9% | 0.07% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -6.3% | 0.32% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -0.2% | 0.23% | −0.02 |
| REAL The Realreal Inc. | Sold out | 0.00% | −0.01 |
| HD Home Depot Inc. | Reduce -0.1% | 0.11% | −0.01 |
| VCIT Vanguard Int-Term Corporate | Reduce -9.3% | 0.06% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.1% | 0.28% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -1.1% | 0.05% | −0.01 |
| WM Waste Management Inc. | Reduce -8.8% | 0.04% | −0.01 |
| ABBV Abbvie Inc. | Reduce -1.1% | 0.03% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.4% | 0.59% | −0.01 |
| AMJB Alerian MLP ETN2044 | Reduce -2.7% | 0.02% | −0.01 |
| FTIS Enhanced Liquid Income Offshore Fund | Reduce -3.3% | 0.04% | −0.00 |
| XLF SS Financial Select Sector | Reduce -1.5% | 0.04% | −0.00 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -3.6% | 0.07% | −0.00 |
| IEMG iShares Core MSCI Emerging | Reduce -3.9% | 0.04% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -1.9% | 0.16% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.6% | 0.02% | −0.00 |
| WMT Walmart Inc. | Reduce -0.3% | 0.06% | +0.00 |
| RJF Raymond James Financial Inc. | Reduce -0.1% | 0.91% | +0.00 |
| META Meta Platforms Inc. Class A | Reduce -0.1% | 0.10% | +0.01 |
| NVDA Nvidia Corp. | Reduce -1.2% | 0.12% | +0.03 |
| MSFT Microsoft Corp. | Reduce -6.9% | 0.47% | +0.05 |
| MPAA Motorcar Parts of America Inc. | Reduce -3.1% | 2.76% | +0.11 |
| JPM JPMorgan Chase & Co. | Reduce -1.1% | 3.32% | +0.19 |
| III Information Services Group | Reduce -2.6% | 2.79% | +0.22 |
| PLTR Palantir Technologies Inc. Class A | Reduce -0.7% | 0.84% | +0.26 |
| ATRO Astronics Corp. | Reduce -0.1% | 1.37% | +0.28 |
Portfolio Buys Q1 2025 → Q2 2025
| FAF First American Financial | New | 1.43% | +1.43 |
| SEAT Vivid Seats Inc. Class A | New | 0.94% | +0.94 |
| LGND Ligand Pharmaceuticals | Add +54.8% | 2.64% | +0.91 |
| IBM Intl Business Machines Corp. | Add +195.6% | 1.10% | +0.76 |
| SNV Synovus Financial Corp. | Add +34.5% | 2.06% | +0.54 |
| PERI Perion Network Ltd. | Add +4.4% | 3.31% | +0.51 |
| HROW Harrow Inc. | Add +2.9% | 6.03% | +0.42 |
| HTB Hometrust Bancshares Inc. | Add +172.0% | 0.61% | +0.38 |
| KKR KKR & Co. Inc. | Add +4.4% | 4.27% | +0.36 |
| PEP Pepsico Inc. | Add +1343.8% | 0.35% | +0.32 |
| IWGFF International Workplace Grou | Add +6.8% | 2.26% | +0.31 |
| SECYF Secure Waste Infrastructure | Add +15.3% | 3.06% | +0.27 |
| BGC BGC Group Inc. Class A | Add +3.7% | 4.30% | +0.21 |
| PZZA Papa John's Intl Inc. | New | 0.19% | +0.19 |
| ACNB Acnb Corp. | Add +15.8% | 1.37% | +0.12 |
| TAP Molson Coors Beverage Co. Class B | New | 0.11% | +0.11 |
| PBFS Pioneer Bancorp Inc. | Add +38.0% | 0.44% | +0.10 |
| ECNCF Ecn Capital Corp. | Add +1.3% | 3.90% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +6.9% | 0.73% | +0.07 |
| QCOM Qualcomm Inc. | Add +103.4% | 0.14% | +0.07 |
| TQQQ Proshares Ultrapro QQQ | Add +108.3% | 0.11% | +0.07 |
| CEFS Saba Opport Hedg Cef ETF-Usd | Add +28.8% | 0.36% | +0.06 |
| CLX Clorox Company | Add +84.3% | 0.20% | +0.05 |
| SMBK Smartfinancial Inc. | Add +3.8% | 1.84% | +0.04 |
| PAYX Paychex Inc. | New | 0.03% | +0.03 |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | New | 0.03% | +0.03 |
| CPB The Campbell's Company | Add +70.3% | 0.19% | +0.03 |
| EZRA Reliance Global Group Inc. | New | 0.03% | +0.03 |
| AVGO Broadcom Inc. | New | 0.03% | +0.03 |
| TREE Lendingtree Inc. | New | 0.02% | +0.02 |
| CIBR First Trust Nasdaq Cybersecu | New | 0.02% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.5% | 0.15% | +0.02 |
| ADBE Adobe Inc. | New | 0.02% | +0.02 |
| KHC The Kraft Heinz Co. | New | 0.02% | +0.02 |
| IBIT iShares Bitcoin Trust ETF | New | 0.02% | +0.02 |
| INTU Intuit Inc. | New | 0.02% | +0.02 |
| TGT Target Corp. | Add +29.4% | 0.21% | +0.02 |
| PYPL PayPal Holdings Inc. | Add +10.7% | 0.16% | +0.02 |
| AMZN Amazon.com Inc. | Add +1.5% | 0.28% | +0.02 |
| BND Vanguard Total Bond Market | Add +22.2% | 0.14% | +0.01 |
| TSCO Tractor Supply Company | Add +31.7% | 0.10% | +0.01 |
| RMT Royce Micro-Cap Trust Inc. | New | 0.01% | +0.01 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Add +6.3% | 0.10% | +0.01 |
| EQWL Invesco S&P 100 Equal Weight | Add +11.1% | 0.11% | +0.01 |
| CF CF Industries Holdings Inc. | Add +0.0% | 0.11% | +0.01 |
| RRC Range Resources Corp. | Add +23.8% | 0.05% | +0.01 |
| KRE SS SPDR S&P Regional Bank | Add +21.8% | 0.04% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +2.1% | 0.06% | +0.01 |
| BAC Bank of America Corp. | Add +0.0% | 0.04% | +0.00 |
| IXUS iShares Core Intl Stock ETF | Add +3.0% | 0.03% | +0.00 |
Options Activity Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | put | New | 20,000 | $9.9M |
| PFE Pfizer Inc. | call | Add +108.0% | 260,000 | $6.3M |
| SJM The JM Smucker Co. | call | New | 55,000 | $5.4M |
| PEP Pepsico Inc. | put | New | 22,500 | $3.0M |
| PAYX Paychex Inc. | call | New | 20,000 | $2.9M |
| GEV GE Vernova Inc. | put | New | 5,000 | $2.6M |
| NVDA Nvidia Corp. | put | New | 12,500 | $2.0M |
| HP Helmerich & Payne | call | New | 120,000 | $1.8M |
| LNTH Lantheus Holdings Inc. | call | Add +114.3% | 21,000 | $1.7M |
| XLE SS Energy Select Sector | call | New | 20,000 | $1.7M |
| HROW Harrow Inc. | call | Add +23.0% | 53,500 | $1.6M |
| STZ Constellation Brands Inc. Class A | call | New | 10,000 | $1.6M |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | call | Sold out | 50,000 | $1.5Mbefore exit |
| QNST Quinstreet Inc. | call | Add +5.9% | 90,000 | $1.4M |
| TGT Target Corp. | call | Add +100.0% | 14,000 | $1.4M |
| GOOG Alphabet Inc. Class C | call | Sold out | 8,500 | $1.3Mbefore exit |
| GOOGL Alphabet Inc. Class A | put | Sold out | 8,500 | $1.3Mbefore exit |
| BTU Peabody Energy Corp. | call | Reduce -36.3% | 87,600 | $1.2M |
| BF.B Brown-Forman Corp. Class B | call | New | 43,000 | $1.2M |
| BTU Peabody Energy Corp. | put | Sold out | 55,000 | $745Kbefore exit |
| TGT Target Corp. | put | Sold out | 7,000 | $731Kbefore exit |
| CMP Compass Minerals Internation | call | Sold out | 42,500 | $395Kbefore exit |
| SEMR Semrush Holdings Inc. Class A | call | New | 40,000 | $362K |
| TROX Tronox Holdings PLC | call | New | 60,000 | $304K |
| RKT Rocket Cos Inc. Class A | call | New | 20,000 | $284K |
| RKT Rocket Cos Inc. Class A | put | New | 20,000 | $284K |
| III Information Services Group | call | Sold out | 50,000 | $196Kbefore exit |
| VIVID SEATS INC | call | Sold out | 40,000 | $118Kbefore exit |
| DIA SS SPDR Dow Jones Indus Avg | put | Reduce -71.4% | 200 | $88K |
| IWM iShares Russell 2000 ETF | put | Reduce -50.0% | 200 | $43K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| HIGHLAND OPP & INC FUND (HFRO 5.375 PERP A) | PFD | Add +0.6% | 100,842 | $1.6M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 175 | $1.1B | QNST, HROW, TH, LGND, PERI |
| Q1 2026 | 173 | $979.0M | HROW, QNST, PERI, TH, KKR |
| Q4 2025 | 164 | $1.1B | HROW, QNST, KKR, AIOT, LGND |
| Q3 2025 | 147 | $1.1B | HROW, QNST, BBSI, KKR, LGND |
| Q2 2025 | 137 | $985.6M | QNST, HROW, BBSI, LNTH, BGC |
| Q1 2025 | 130 | $894.0M | QNST, LNTH, HROW, BBSI, AIOT |
| Q4 2024 | 125 | $937.3M | QNST, HROW, BBSI, TH, AIOT |
| Q3 2024 | 122 | $912.9M | HROW, QNST, LNTH, KKR, BBSI |
| Q2 2024 | 128 | $843.2M | QNST, HROW, TH, KKR, LNTH |
| Q1 2024 | 126 | $885.4M | QNST, TH, KKR, BBSI, HROW |