Saber Capital Managment, LLC In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), Saber Capital Managment, LLC reported 29 stock positions worth $129.0 million . Its top holding was Natural Resource Partners (NRP) at 19.7% of the portfolio, followed by Pitney Bowes (PBI, 9.5% ) and First Citizens Bcshs Class A (FCNCA, 9.2% ). Compared with Q4 2025, it opened 6 new positions, sold out of 5, added to 9 and reduced 14. The biggest buy was a new position in Netflix (NFLX) and the biggest sale First Citizens Bcshs Class A (FCNCA, shares −32% ).
Location FUQUAY VARINA, NC
CIK 0001911378
Portfolio Value $129.0M (Q1 2026) Holdings 29 stocks · $129.0M Holdings quarter Q2 2026 Q1 2026 Q4 2025
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 NRP Natural Resource Partners LP 209,467 $25.3M Add +0.5% PBI Pitney Bowes Inc. 1,108,765 $12.3M Add +8.6% FCNCA First Citizens Bcshs Class A 6,278 $11.8M Reduce -32.1% MCS Marcus Corporation 504,772 $8.7M Reduce -0.1% BSM Black Stone Minerals LP 572,399 $8.7M Reduce -9.3% CNK Cinemark Holdings Inc. 229,627 $6.5M Reduce -15.3% CRC California Resources Corp. 85,658 $5.9M Reduce -6.8% DIS The Walt Disney Co. filed as DISNEY WALT CO 47,985 $4.6M Add +257.0% V Visa Inc. Class A 15,193 $4.6M Add +29.6% GFR Greenfire Resources Ltd. 670,713 $4.2M Reduce -2.4% NFLX Netflix Inc. 41,135 $4.0M New FND Floor & Decor Holdings Inc. Class A 77,451 $3.9M New SRBK Sr Bancorp Inc. 232,999 $3.9M Reduce -14.1% CPRT Copart Inc. 94,652 $3.1M Reduce -4.6% TEAM Atlassian Corp. Class A 45,825 $3.1M New UNH Unitedhealth Group Inc. 9,326 $2.5M Reduce -0.3% INTU Intuit Inc. 5,365 $2.3M New DOUG Douglas Elliman Inc. 1,368,068 $2.2M Add +8.7% FPH Five Point Holdings LLC Class A 402,259 $1.9M Add +0.1% CHCI Comstock Holding Companies 72,279 $1.4M Add +4.7% NVR NVR Inc. 185 $1.2M Reduce -3.1% WDAY Workday Inc. Class A 8,868 $1.2M New MSFT Microsoft Corp. 2,900 $1.1M Add +20.8% NC Nacco Industries Class A 20,628 $1.1M Reduce -9.7% LE Lands' End Inc. 92,643 $1.0M New MRP Millrose Properties 33,150 $928K Reduce -23.6% BVFL BV Financial Inc. filed as BV FINL INC 31,566 $604K Reduce -7.9% RAVE Rave Restaurant Group Inc. 160,469 $425K Add +2.9% PHM Pultegroup Inc. 2,336 $275K Reduce -71.2%
Options reported separately and not counted above: SLV puts ($2.6M), WMT puts ($2.0M), PBI calls ($455K), MU puts ($405K), GLW puts ($272K).
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ FCNCA First Citizens Bcshs Class A Reduce -32.1% 9.17% −7.76 GOOGL Alphabet Inc. Class A Sold out 0.00% −2.71 CPRT Copart Inc. Reduce -4.6% 2.44% −0.88 UNH Unitedhealth Group Inc. Reduce -0.3% 1.96% −0.68 PHM Pultegroup Inc. Reduce -71.2% 0.21% −0.60 SRBK Sr Bancorp Inc. Reduce -14.1% 3.05% −0.60 JPM JPMorgan Chase & Co. Sold out 0.00% −0.55 BSM Black Stone Minerals LP Reduce -9.3% 6.71% −0.45 MRP Millrose Properties Reduce -23.6% 0.72% −0.39 BH Biglari Holdings Inc. Class B Sold out 0.00% −0.34 CNK Cinemark Holdings Inc. Reduce -15.3% 5.08% −0.30 GOOG Alphabet Inc. Class C Sold out 0.00% −0.28 CRMT America's Car-Mart Inc. Sold out 0.00% −0.26 NVR NVR Inc. Reduce -3.1% 0.95% −0.24 NC Nacco Industries Class A Reduce -9.7% 0.83% −0.13 BVFL BV Financial Inc. Reduce -7.9% 0.47% −0.06 MCS Marcus Corporation Reduce -0.1% 6.72% +0.03 GFR Greenfire Resources Ltd. Reduce -2.4% 3.29% +0.50 CRC California Resources Corp. Reduce -6.8% 4.60% +1.09
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ NFLX Netflix Inc. New 3.07% +3.07 FND Floor & Decor Holdings Inc. Class A New 3.05% +3.05 TEAM Atlassian Corp. Class A New 2.42% +2.42 DIS The Walt Disney Co. Add +257.0% 3.59% +2.28 INTU Intuit Inc. New 1.80% +1.80 NRP Natural Resource Partners LP Add +0.5% 19.65% +1.07 WDAY Workday Inc. Class A New 0.89% +0.89 LE Lands' End Inc. New 0.81% +0.81 CHCI Comstock Holding Companies Add +4.7% 1.06% +0.38 PBI Pitney Bowes Inc. Add +8.6% 9.50% +0.29 V Visa Inc. Class A Add +29.6% 3.56% +0.05 RAVE Rave Restaurant Group Inc. Add +2.9% 0.33% −0.11 MSFT Microsoft Corp. Add +20.8% 0.83% −0.16 FPH Five Point Holdings LLC Class A Add +0.1% 1.51% −0.41 DOUG Douglas Elliman Inc. Add +8.7% 1.74% −0.81
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ SLV iShares Silver Trust put New 38,000 $2.6M WMT Walmart Inc. put Add +57.4% 15,900 $2.0M COST Costco Wholesale Corp. put Sold out 1,400 $1.2Mbefore exit PBI Pitney Bowes Inc. call Add +14.4% 41,200 $455K MU Micron Technology Inc. put New 1,200 $405K GLW Corning Inc. put New 2,000 $272K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 32 $139.1M NRP, PBI, FCNCA, FND, BSM Q1 2026 29 $129.0M NRP, PBI, FCNCA, MCS, BSM Q4 2025 28 $117.1M NRP, FCNCA, PBI, BSM, MCS