Soviero Asset Management, LP In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Soviero Asset Management, LP reported 36 stock positions worth $146.3 million . Its top holding was Potbelly (PBPB) at 10.8% of the portfolio, followed by PBF Energy Class A (PBF, 9.5% ) and Sandridge Energy (SD, 7.3% ). Compared with Q4 2023, it opened 14 new positions, sold out of 10, added to 5 and reduced 16. The biggest buy was a new position in Micron Technology (MU) and the biggest sale Red Robin Gourmet Burgers (RRGB, shares −76% ).
Location NEW YORK, NY
CIK 0001755622
Portfolio Value $146.3M (Q1 2024) Holdings 36 stocks · $146.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 PBPB Potbelly Corp. 1,306,700 $15.8M Reduce -6.8% PBF PBF Energy Inc. Class A 241,000 $13.9M Add +23.0% SD Sandridge Energy Inc. 732,000 $10.7M Reduce -16.0% MU Micron Technology Inc. 61,000 $7.2M New FCX Freeport-McMoran Inc. 138,000 $6.5M New CRH CRH PLC 75,000 $6.5M Reduce -16.7% INTC Intel Corp. 145,000 $6.4M Reduce -16.2% SLCA US Silica Holdings Inc. 508,000 $6.3M Add +28.6% WU Western Union Co. 448,700 $6.3M Reduce -15.3% RRC Range Resources Corp. 176,000 $6.1M Add +95.6% PATH Uipath Inc. Class A 210,000 $4.8M Reduce -8.7% TREX Trex Company Inc. 45,700 $4.6M Reduce -25.1% PYPL PayPal Holdings Inc. 63,000 $4.2M New OPRA Opera Ltd.-ADR 255,000 $4.0M New GOOG Alphabet Inc. Class C 26,000 $4.0M New TFC Truist Financial Corp. 100,000 $3.9M New SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC 100,000 $3.7M Reduce -58.5% HDSN Hudson Technologies Inc. 306,000 $3.4M Reduce -19.5% JWN Nordstrom Inc. 135,000 $2.7M Reduce -50.0% ORCL Oracle Corp. 21,000 $2.6M New RIG Transocean Ltd. 385,000 $2.4M Reduce -47.7% CSCO Cisco Systems Inc. 45,000 $2.2M New HTZ Hertz Global Hldgs Inc. 240,000 $1.9M Reduce -42.9% POWW Outdoor Holding Co. filed as AMMO INC 670,000 $1.8M Reduce -28.7% RRGB Red Robin Gourmet Burgers 237,000 $1.8M Reduce -75.9% JMIA Jumia Technologies AG-ADR 330,000 $1.7M New NXH Neighborhood Intelligence Inc. filed as BEYOND INC 47,000 $1.7M Reduce -83.1% RPD RAPID7 Inc. 33,000 $1.6M Reduce -78.0% AES AES Corp. 90,000 $1.6M New JAKK Jakks Pacific Inc. 56,000 $1.4M Add +180.0% JBLU Jetblue Airways Corp. 170,000 $1.3M New NNOX Nano-X Imaging Ltd. 120,000 $1.2M New NRDY Nerdy Inc. 350,000 $1.0M Add +2.9% SLI Standard Lithium Ltd. 710,000 $838K No change NAPA The Duckhorn Portfolio Inc. 30,000 $279K New VIRC Virco MFG Corporation 15,000 $164K New
Options reported separately and not counted above: NOW puts ($11.8M), PBF calls ($9.5M), SHOE calls ($4.7M).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ RRGB Red Robin Gourmet Burgers Reduce -75.9% 1.24% −6.43 RPD RAPID7 Inc. Reduce -78.0% 1.11% −4.25 ACLS Axcelis Technologies Inc. Sold out 0.00% −4.05 NXH Neighborhood Intelligence Inc. Reduce -83.1% 1.15% −3.66 CLVT Clarivate PLC Sold out 0.00% −3.47 ON On Semiconductor Sold out 0.00% −2.61 SHOE Shoe Station Group Inc. Reduce -58.5% 2.50% −2.04 CRSP Crispr Therapeutics AG Sold out 0.00% −1.72 HTZ Hertz Global Hldgs Inc. Reduce -42.9% 1.28% −1.44 SNAP Snap Inc. Class A Sold out 0.00% −1.27 RIG Transocean Ltd. Reduce -47.7% 1.65% −1.27 JWN Nordstrom Inc. Reduce -50.0% 1.87% −1.24 MAXNQ Maxeon Solar Technologie Sold out 0.00% −1.21 INTC Intel Corp. Reduce -16.2% 4.38% −1.05 ENVX Enovix Corp. Sold out 0.00% −0.94 HDSN Hudson Technologies Inc. Reduce -19.5% 2.30% −0.90 PATH Uipath Inc. Class A Reduce -8.7% 3.25% −0.32 PACB Pacific Biosciences of Calif Sold out 0.00% −0.31 FF Futurefuel Corp. Sold out 0.00% −0.27 SD Sandridge Energy Inc. Reduce -16.0% 7.29% −0.15 SOUN Soundhound AI Inc. Class A Sold out 0.00% −0.07 TREX Trex Company Inc. Reduce -25.1% 3.12% −0.04 POWW Outdoor Holding Co. Reduce -28.7% 1.26% +0.03 WU Western Union Co. Reduce -15.3% 4.29% +0.34 CRH CRH PLC Reduce -16.7% 4.42% +0.53 PBPB Potbelly Corp. Reduce -6.8% 10.81% +1.69
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ MU Micron Technology Inc. New 4.91% +4.91 FCX Freeport-McMoran Inc. New 4.43% +4.43 PBF PBF Energy Inc. Class A Add +23.0% 9.48% +4.10 PYPL PayPal Holdings Inc. New 2.88% +2.88 OPRA Opera Ltd.-ADR New 2.76% +2.76 GOOG Alphabet Inc. Class C New 2.71% +2.71 TFC Truist Financial Corp. New 2.66% +2.66 RRC Range Resources Corp. Add +95.6% 4.14% +2.43 ORCL Oracle Corp. New 1.80% +1.80 CSCO Cisco Systems Inc. New 1.53% +1.53 SLCA US Silica Holdings Inc. Add +28.6% 4.31% +1.52 JMIA Jumia Technologies AG-ADR New 1.15% +1.15 AES AES Corp. New 1.10% +1.10 JBLU Jetblue Airways Corp. New 0.86% +0.86 NNOX Nano-X Imaging Ltd. New 0.80% +0.80 JAKK Jakks Pacific Inc. Add +180.0% 0.95% +0.50 NAPA The Duckhorn Portfolio Inc. New 0.19% +0.19 VIRC Virco MFG Corporation New 0.11% +0.11 NRDY Nerdy Inc. Add +2.9% 0.70% −0.03
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ NOW ServiceNow Inc. put New 15,500 $11.8M PBF PBF Energy Inc. Class A call Reduce -76.8% 164,500 $9.5M DOCU Docusign Inc. call Sold out 120,000 $7.1Mbefore exit WOLF Wolfspeed Inc. call Sold out 122,000 $5.3Mbefore exit SHOE Shoe Station Group Inc. call New 129,000 $4.7M
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 55 $206.1M FLEX, AMZN, IBM, COMP, CVI Q1 2026 50 $178.1M PR, TALO, VISN, CVI, AMTM Q4 2025 59 $191.3M CLF, AMZN, VISN, HRI, PATH Q3 2025 54 $161.8M VISN, CLF, C, PATH, PBF Q2 2025 47 $136.4M ON, TDOC, C, CORZ, LHX Q1 2025 34 $85.8M HON, AMZN, PR, PBPB, RRC Q4 2024 51 $143.9M AMZN, TWLO, LUNR, OPRA, LULU Q3 2024 31 $99.3M AMD, AMZN, OPRA, PBF, AAPL Q2 2024 35 $130.1M PBF, AAPL, GNRC, FCX, GOOG Q1 2024 36 $146.3M PBPB, PBF, SD, MU, FCX