In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Towerview LLC reported 16 stock positions worth $137.4 million . Its top holding was Tejon Ranch (TRC) at 44.7% of the portfolio, followed by Stealthgas (GASS, 13.9% ) and Saga Communications Class A (SGA, 10.5% ). Compared with Q2 2025, it sold out of 4, added to 3 and reduced 5. The biggest buy was Stealthgas (GASS, shares +2% ) and the biggest sale Lifeway Foods (LWAY, shares −94% ).
Location NEW YORK, NY
CIK 0001166573
Portfolio Value $137.4M (Q3 2025) Holdings 16 stocks · $137.4M 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 Q2 2025 TRC Tejon Ranch Co. 3,845,500 $61.5M No change GASS Stealthgas Inc. 2,907,500 $19.0M Add +2.0% SGA Saga Communications Inc. Class A 1,161,144 $14.4M No change ACI Albertsons Cos Inc. Class A 615,000 $10.8M Add +21.7% SIRI Sirius XM Holdings Inc. 335,300 $7.8M No change LE Lands' End Inc. 470,000 $6.6M Reduce -1.6% ALCO Alico Inc. 122,000 $4.2M Reduce -2.4% GYRO Gyrodyne LLC 338,107 $3.4M Reduce -0.8% SRG Seritage Growth Prop- A 700,000 $3.0M Add +2.9% ALMS Alumis Inc. 495,000 $2.0M No change IMPP Imperial Petroleum Inc. 280,000 $1.3M Reduce -33.7% OABI Omniab Inc. 831,100 $1.3M No change CRVS Corvus Pharmaceuticals Inc. 170,000 $1.3M No change CTRM Castor Maritime Inc. 240,000 $499K No change LWAY Lifeway Foods Inc. 5,000 $139K Reduce -93.6% WEN The Wendy's Co. 14,500 $133K No change
Options reported separately and not counted above: ALBERTSONS COS INC calls ($26K).
Portfolio Sells Q2 2025 → Q3 2025 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ LWAY Lifeway Foods Inc. Reduce -93.6% 0.10% −1.28 WBD Warner Bros Discovery Inc. Sold out 0.00% −0.69 JBGS JBG Smith Properties Sold out 0.00% −0.12 QS Quantumscape Corp. Sold out 0.00% −0.12 CISS C3IS Inc. Sold out 0.00% −0.03 IMPP Imperial Petroleum Inc. Reduce -33.7% 0.97% +0.05 ALCO Alico Inc. Reduce -2.4% 3.08% +0.17 GYRO Gyrodyne LLC Reduce -0.8% 2.46% +0.37 LE Lands' End Inc. Reduce -1.6% 4.82% +1.18
Portfolio Buys Q2 2025 → Q3 2025 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ GASS Stealthgas Inc. Add +2.0% 13.86% +0.84 SRG Seritage Growth Prop- A Add +2.9% 2.17% +0.67 ACI Albertsons Cos Inc. Class A Add +21.7% 7.84% +0.09
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ ALBERTSONS COS INC call New 100,000 $26K
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 16 $152.5M TRC, GASS, ACI, SGA, LE Q1 2026 15 $154.8M TRC, GASS, SGA, ACI, SIRI Q4 2025 15 $137.8M TRC, GASS, SGA, ACI, SIRI Q3 2025 16 $137.4M TRC, GASS, SGA, ACI, SIRI Q2 2025 20 $140.3M TRC, GASS, SGA, ACI, SIRI Q1 2025 24 $139.0M TRC, GASS, SGA, ACI, SIRI Q4 2024 23 $139.2M TRC, GASS, SGA, ACI, SIRI Q3 2024 25 $154.9M TRC, GASS, SGA, ACI, SIRI Q2 2024 26 $152.6M TRC, SGA, GASS, ACI, LSXMK Q1 2024 26 $150.7M TRC, SGA, GASS, ACI, SRG