Sovereign's Capital Management, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Sovereign's Capital Management, LLC reported 78 stock positions worth $164.9 million. Its top holding was Amicus Therapeutics (FOLD) at 6.8% of the portfolio, followed by Molina Healthcare (MOH, 4.6%) and Fiserv (FISV, 4.1%). Compared with Q3 2025, it opened 4 new positions, sold out of 4, added to 9 and reduced 63. The biggest buy was SPS Commerce (SPSC, shares +219%) and the biggest sale an exit from National Healthcare (NHC).

Most Recent 13F
Q2 2026
Location
Atlanta, GA
CIK
0001911637
Portfolio Value
$164.9M (Q4 2025)
SEC Filing
0001172661-26-000832 ↗ filed Feb 17, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2024: $156.8M Q4 2024 Q1 2025: $168.1M Q1 2025 Q2 2025: $186.9M Q2 2025 Q3 2025: $184.3M Q3 2025 Q4 2025: $164.9M $164.9M Q4 2025 Q1 2026: $135.9M Q1 2026 Q2 2026: $149.8M Q2 2026

Holdings 78 stocks · $164.9M

FOLD Amicus Therapeutics Inc. 6.78% 784,942 $11.2M Reduce -5.9%
MOH Molina Healthcare Inc. 4.56% 43,283 $7.5M Add +6.5%
FISV Fiserv Inc. 4.07% 99,946 $6.7M Add +153.1%
NSP Insperity Inc. 4.05% 172,444 $6.7M Add +45.2%
LCII Lci Industries 3.79% 51,454 $6.2M Reduce -6.3%
ALKT Alkami Technology Inc. 3.26% 233,263 $5.4M Add +27.1%
UPS United Parcel Service Class B 3.24% 53,933 $5.3M Reduce -6.3%
LOPE Grand Canyon Education Inc. 3.08% 30,573 $5.1M Add +31.5%
OPCH Option Care Health Inc. 3.04% 157,308 $5.0M Reduce -6.7%
VST Vistra Corp. 2.90% 29,611 $4.8M Reduce -6.1%
SPSC SPS Commerce Inc. 2.72% 50,327 $4.5M Add +219.0%
PRI Primerica Inc. 2.67% 17,008 $4.4M Reduce -6.1%
GEF Greif Inc. Class A 2.57% 62,693 $4.2M Reduce -6.5%
EEFT Euronet Worldwide Inc. 2.55% 55,290 $4.2M Add +0.0%
PLOW Douglas Dynamics Inc. 2.55% 128,823 $4.2M Reduce -18.8%
AFG American Financial Group Inc. 2.55% 30,738 $4.2M Reduce -16.7%
PAYC Paycom Software Inc. 2.49% 25,786 $4.1M Add +90.4%
USPH U.S. Physical Therapy Inc. 2.22% 46,905 $3.7M Reduce -6.5%
PCTY Paylocity Holding Corp. 2.11% 22,814 $3.5M Add +34.2%
CBRE CBRE Group Inc. Class A 2.06% 21,073 $3.4M Reduce -9.3%
PGR Progressive Corp. 2.05% 14,856 $3.4M Reduce -5.5%
RJF Raymond James Financial Inc. 1.84% 18,872 $3.0M Reduce -6.1%
RPAY Repay Holdings Corp. 1.79% 810,336 $3.0M Reduce -7.4%
CSCO Cisco Systems Inc. 1.77% 37,870 $2.9M Reduce -33.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 1.74% 11,074 $2.9M Reduce -4.9%
ANET Arista Networks Inc. 1.70% 21,344 $2.8M Reduce -11.3%
TFIN Triumph Financial Inc. 1.57% 41,341 $2.6M Reduce -20.9%
HCSG Healthcare Services Group 1.36% 116,856 $2.2M Reduce -53.0%
FRMI Fermi Inc. 1.34% 275,958 $2.2M New
TRIN Trinity Capital Inc. 1.23% 138,265 $2.0M No change
CSWC Capital Southwest Corp. 1.03% 76,522 $1.7M No change
SMCI Super Micro Computer Inc. 0.87% 48,846 $1.4M Reduce -6.0%
TSN Tyson Foods Inc. Class A 0.85% 24,002 $1.4M Reduce -47.5%
COLM Columbia Sportswear Co. 0.79% 23,762 $1.3M Reduce -6.6%
NEE Nextera Energy Inc. 0.72% 14,853 $1.2M Reduce -10.6%
MLR Miller Industries Inc. 0.70% 31,050 $1.2M Reduce -10.5%
COKE Coca-Cola Consolidated Inc. 0.70% 7,506 $1.2M Reduce -52.5%
VRRM Verra Mobility Corp. 0.68% 49,813 $1.1M Reduce -10.6%
AZZ Azz Inc. 0.68% 10,400 $1.1M Reduce -10.6%
CSW CSW Industrials Inc. 0.66% 3,721 $1.1M Reduce -10.8%
SITE Siteone Landscape Supply Inc. 0.65% 8,600 $1.1M New
SCHW Schwab (charles) Corp. 0.63% 10,447 $1.0M Reduce -10.5%
HRB H&R Block Inc. filed as BLOCK H & R INC 0.62% 23,316 $1.0M Reduce -10.5%
DIOD Diodes Inc. 0.61% 20,390 $1.0M Reduce -10.6%
NTAP Netapp Inc. 0.54% 8,245 $883K Reduce -76.0%
RMD Resmed Inc. 0.50% 3,435 $827K Reduce -56.2%
SPGI S&P Global Inc. 0.50% 1,564 $817K Reduce -10.6%
CME Cme Group Inc. 0.48% 2,920 $797K Reduce -10.1%
WMT Walmart Inc. 0.45% 6,681 $744K Reduce -10.4%
QRVO Qorvo Inc. 0.44% 8,536 $721K Reduce -10.7%
WEST Westrock Coffee Co. 0.40% 162,033 $659K Reduce -5.8%
ERIE Erie Indemnity Company Class A 0.37% 2,132 $611K Reduce -10.3%
ORLY O'reilly Automotive Inc. 0.35% 6,371 $581K Reduce -10.4%
FAST Fastenal Co. 0.33% 13,713 $550K Reduce -10.6%
WCN Waste Connections Inc. 0.33% 3,058 $536K Reduce -10.8%
CPT Camden Property Trust 0.31% 4,688 $516K Reduce -10.2%
SBAC SBA Communications Corp. 0.30% 2,571 $497K Reduce -10.0%
JBHT Hunt (jb) Transprt SVCS Inc. 0.30% 2,557 $497K Reduce -52.5%
APG Api Group Corp. 0.30% 12,956 $496K Reduce -49.5%
USFD US Foods Holding Corp. 0.30% 6,576 $495K Reduce -32.2%
DVN Devon Energy Corp. 0.30% 13,289 $487K Reduce -66.0%
QCOM Qualcomm Inc. 0.29% 2,832 $484K New
ADP Automatic Data Processing 0.29% 1,875 $482K Reduce -9.9%
FANG Diamondback Energy Inc. 0.29% 3,154 $474K Reduce -62.7%
SFM Sprouts Farmers Market Inc. 0.28% 5,893 $469K New
EME Emcor Group Inc. 0.28% 758 $464K Reduce -59.5%
APA Apa Corp. 0.28% 18,926 $463K Reduce -71.9%
KFRC Kforce Inc. 0.27% 14,639 $453K Reduce -30.9%
SAIC Science Applications Inte 0.25% 4,093 $412K Reduce -22.4%
CPRT Copart Inc. 0.23% 9,891 $387K Reduce -10.6%
HUBS HubSpot Inc. 0.20% 805 $323K Reduce -9.2%
JJSF J & J Snack Foods Corp. 0.19% 3,521 $318K Reduce -10.4%
BDX Becton Dickinson and Co. 0.17% 1,459 $283K Reduce -10.1%
LECO Lincoln Electric Holdings 0.16% 1,119 $268K Reduce -9.9%
ITT Itt Inc. 0.15% 1,455 $252K Reduce -77.5%
IEX Idex Corp. 0.12% 1,140 $203K Reduce -59.2%
ADV Advantage Solutions Inc. 0.12% 223,629 $197K Reduce -73.2%
DAVA Endava PLC- Spon ADR 0.07% 18,219 $115K Reduce -10.5%

Portfolio Sells Q3 2025 → Q4 2025

NHC National Healthcare Corp. Sold out 0.00% −1.82
NTAP Netapp Inc. Reduce -76.0% 0.54% −1.67
RPC Ridgepost Capital Inc. Class A Sold out 0.00% −1.47
GSHD Goosehead Insurance Inc. Class A Sold out 0.00% −1.22
HCSG Healthcare Services Group Reduce -53.0% 1.36% −0.91
RPAY Repay Holdings Corp. Reduce -7.4% 1.79% −0.69
RMD Resmed Inc. Reduce -56.2% 0.50% −0.66
APA Apa Corp. Reduce -71.9% 0.28% −0.61
ADV Advantage Solutions Inc. Reduce -73.2% 0.12% −0.57
TSN Tyson Foods Inc. Class A Reduce -47.5% 0.85% −0.49
SMCI Super Micro Computer Inc. Reduce -6.0% 0.87% −0.48
ITT Itt Inc. Reduce -77.5% 0.15% −0.47
VST Vistra Corp. Reduce -6.1% 2.90% −0.46
DVN Devon Energy Corp. Reduce -66.0% 0.30% −0.45
EME Emcor Group Inc. Reduce -59.5% 0.28% −0.38
FANG Diamondback Energy Inc. Reduce -62.7% 0.29% −0.37
AFG American Financial Group Inc. Reduce -16.7% 2.55% −0.37
CSCO Cisco Systems Inc. Reduce -33.6% 1.77% −0.35
COKE Coca-Cola Consolidated Inc. Reduce -52.5% 0.70% −0.31
AJG Arthur J Gallagher & Co. Reduce -4.9% 1.74% −0.22
ANET Arista Networks Inc. Reduce -11.3% 1.70% −0.21
APG Api Group Corp. Reduce -49.5% 0.30% −0.18
NEO Neogenomics Inc. Sold out 0.00% −0.17
PLOW Douglas Dynamics Inc. Reduce -18.8% 2.55% −0.14
IEX Idex Corp. Reduce -59.2% 0.12% −0.12
USFD US Foods Holding Corp. Reduce -32.2% 0.30% −0.10
HRB H&R Block Inc. Reduce -10.5% 0.62% −0.10
USPH U.S. Physical Therapy Inc. Reduce -6.5% 2.22% −0.09
JBHT Hunt (jb) Transprt SVCS Inc. Reduce -52.5% 0.30% −0.09
FAST Fastenal Co. Reduce -10.6% 0.33% −0.07
KFRC Kforce Inc. Reduce -30.9% 0.27% −0.07
VRRM Verra Mobility Corp. Reduce -10.6% 0.68% −0.07
PRI Primerica Inc. Reduce -6.1% 2.67% −0.06
ORLY O'reilly Automotive Inc. Reduce -10.4% 0.35% −0.06
MLR Miller Industries Inc. Reduce -10.5% 0.70% −0.06
PGR Progressive Corp. Reduce -5.5% 2.05% −0.05
WEST Westrock Coffee Co. Reduce -5.8% 0.40% −0.05
DIOD Diodes Inc. Reduce -10.6% 0.61% −0.05
RJF Raymond James Financial Inc. Reduce -6.1% 1.84% −0.04
ERIE Erie Indemnity Company Class A Reduce -10.3% 0.37% −0.04
ADP Automatic Data Processing Reduce -9.9% 0.29% −0.04
CPRT Copart Inc. Reduce -10.6% 0.23% −0.04
QRVO Qorvo Inc. Reduce -10.7% 0.44% −0.04
SAIC Science Applications Inte Reduce -22.4% 0.25% −0.03
DAVA Endava PLC- Spon ADR Reduce -10.5% 0.07% −0.03
HUBS HubSpot Inc. Reduce -9.2% 0.20% −0.03
AZZ Azz Inc. Reduce -10.6% 0.68% −0.01
JJSF J & J Snack Foods Corp. Reduce -10.4% 0.19% −0.01
WCN Waste Connections Inc. Reduce -10.8% 0.33% −0.00
SBAC SBA Communications Corp. Reduce -10.0% 0.30% +0.00

Portfolio Buys Q3 2025 → Q4 2025

SPSC SPS Commerce Inc. Add +219.0% 2.72% +1.83
FRMI Fermi Inc. New 1.34% +1.34
FISV Fiserv Inc. Add +153.1% 4.07% +1.31
PAYC Paycom Software Inc. Add +90.4% 2.49% +0.96
NSP Insperity Inc. Add +45.2% 4.05% +0.88
ALKT Alkami Technology Inc. Add +27.1% 3.26% +0.79
SITE Siteone Landscape Supply Inc. New 0.65% +0.65
PCTY Paylocity Holding Corp. Add +34.2% 2.11% +0.64
MOH Molina Healthcare Inc. Add +6.5% 4.56% +0.33
LOPE Grand Canyon Education Inc. Add +31.5% 3.08% +0.31
QCOM Qualcomm Inc. New 0.29% +0.29
SFM Sprouts Farmers Market Inc. New 0.28% +0.28
EEFT Euronet Worldwide Inc. Add +0.0% 2.55% −0.08

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 70$149.8MMOH, RPAY, NSP, VST, ALKT
Q1 2026 76$135.9MFISV, VST, LOPE, MOH, PAYC
Q4 2025 78$164.9MFOLD, MOH, FISV, NSP, LCII
Q3 2025 78$184.3MMOH, FOLD, VST, NSP, AFG
Q2 2025 77$186.9MSMCI, LOPE, VST, ALKT, EEFT
Q1 2025 80$168.1MSMCI, LOPE, EEFT, PRI, PAYC
Q4 2024 83$156.8MSMCI, LOPE, EEFT, RPAY, DAVA