Towerview LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Towerview LLC reported 15 stock positions worth $137.8 million. Its top holding was Tejon Ranch (TRC) at 44.0% of the portfolio, followed by Stealthgas (GASS, 15.6%) and Saga Communications Class A (SGA, 9.6%). Compared with Q3 2025, it sold out of 1, added to 4 and reduced 4. The biggest buy was Stealthgas (GASS, shares +6%) and the biggest sale Imperial Petroleum (IMPP, shares −29%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001166573
Portfolio Value
$137.8M (Q4 2025)
SEC Filing
0001140361-26-003642 ↗ filed Feb 4, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $150.7M Q1 2024 Q2 2024: $152.6M Q2 2024 Q3 2024: $154.9M Q3 2024 Q4 2024: $139.2M Q4 2024 Q1 2025: $139.0M Q1 2025 Q2 2025: $140.3M Q2 2025 Q3 2025: $137.4M Q3 2025 Q4 2025: $137.8M $137.8M Q4 2025 Q1 2026: $154.8M Q1 2026 Q2 2026: $152.5M Q2 2026

Holdings 15 stocks · $137.8M
TRC Tejon Ranch Co. 44.01% 3,845,500 $60.6M No change
GASS Stealthgas Inc. 15.63% 3,067,500 $21.5M Add +5.5%
SGA Saga Communications Inc. Class A 9.65% 1,161,144 $13.3M No change
ACI Albertsons Cos Inc. Class A 7.85% 630,000 $10.8M Add +2.4%
SIRI Sirius XM Holdings Inc. 4.87% 335,300 $6.7M No change
LE Lands' End Inc. 4.54% 431,000 $6.3M Reduce -8.3%
ALMS Alumis Inc. 3.51% 495,000 $4.8M No change
ALCO Alico Inc. 2.75% 104,251 $3.8M Reduce -14.6%
GYRO Gyrodyne LLC 2.21% 338,107 $3.0M No change
SRG Seritage Growth Prop- A 1.89% 800,000 $2.6M Add +14.3%
OABI Omniab Inc. 1.34% 1,000,000 $1.9M Add +20.3%
CRVS Corvus Pharmaceuticals Inc. 0.78% 140,000 $1.1M Reduce -17.6%
IMPP Imperial Petroleum Inc. 0.53% 200,000 $724K Reduce -28.6%
CTRM Castor Maritime Inc. 0.36% 240,000 $497K No change
WEN The Wendy's Co. 0.09% 14,500 $121K No change

Options reported separately and not counted above: ALBERTSONS COS INC calls ($185K).

Portfolio Sells Q3 2025 → Q4 2025
IMPP Imperial Petroleum Inc. Reduce -28.6% 0.53% −0.45
ALCO Alico Inc. Reduce -14.6% 2.75% −0.33
LE Lands' End Inc. Reduce -8.3% 4.54% −0.28
CRVS Corvus Pharmaceuticals Inc. Reduce -17.6% 0.78% −0.13
LWAY Lifeway Foods Inc. Sold out 0.00% −0.10

Portfolio Buys Q3 2025 → Q4 2025
GASS Stealthgas Inc. Add +5.5% 15.63% +1.77
OABI Omniab Inc. Add +20.3% 1.34% +0.37
ACI Albertsons Cos Inc. Class A Add +2.4% 7.85% +0.01
SRG Seritage Growth Prop- A Add +14.3% 1.89% −0.28

Options Activity Q3 2025 → Q4 2025
ALBERTSONS COS INC call Add +150.0% 250,000 $185K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 16$152.5MTRC, GASS, ACI, SGA, LE
Q1 2026 15$154.8MTRC, GASS, SGA, ACI, SIRI
Q4 2025 15$137.8MTRC, GASS, SGA, ACI, SIRI
Q3 2025 16$137.4MTRC, GASS, SGA, ACI, SIRI
Q2 2025 20$140.3MTRC, GASS, SGA, ACI, SIRI
Q1 2025 24$139.0MTRC, GASS, SGA, ACI, SIRI
Q4 2024 23$139.2MTRC, GASS, SGA, ACI, SIRI
Q3 2024 25$154.9MTRC, GASS, SGA, ACI, SIRI
Q2 2024 26$152.6MTRC, SGA, GASS, ACI, LSXMK
Q1 2024 26$150.7MTRC, SGA, GASS, ACI, SRG