Valueworks LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Valueworks LLC reported 32 stock positions worth $265.0 million. Its top holding was Chord Energy (CHRD) at 7.6% of the portfolio, followed by Mesabi Trust (MSB, 7.1%) and Maui Land & Pineapple (MLP, 6.1%). Compared with Q4 2024, it sold out of 1, added to 22 and reduced 7. The biggest buy was Valaris (VAL, shares +21%) and the biggest sale Eqt (EQT, shares −74%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001282189
Portfolio Value
$265.0M (Q1 2025)
SEC Filing
0001282189-25-000002 ↗ filed May 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $307.6M Q1 2024 Q2 2024: $321.6M Q2 2024 Q3 2024: $313.9M Q3 2024 Q4 2024: $300.2M Q4 2024 Q1 2025: $265.0M $265.0M Q1 2025 Q2 2025: $303.8M Q2 2025 Q3 2025: $343.6M Q3 2025 Q4 2025: $379.9M Q4 2025 Q1 2026: $366.9M Q1 2026 Q2 2026: $479.2M Q2 2026

Holdings 32 stocks · $265.0M
CHRD Chord Energy Corp. 7.59% 178,554 $20.1M Add +1.6%
MSB Mesabi Trust 7.12% 694,155 $18.9M Reduce -10.8%
MLP Maui Land & Pineapple Co. filed as MAUI LD & PINEAPPLE INC 6.10% 919,343 $16.2M Add +14.4%
VAL Valaris Ltd. 5.92% 399,784 $15.7M Add +21.2%
RIVN Rivian Automotive Inc. Class A 5.86% 1,248,105 $15.5M Add +0.8%
JOBY Joby Aviation Inc. 5.35% 2,356,030 $14.2M Add +0.7%
TDW Tidewater Inc. 5.10% 319,620 $13.5M Add +30.0%
HY Hyster-Yale Inc. 4.43% 282,907 $11.8M Add +10.4%
MBI Mbia Inc. 4.15% 2,205,805 $11.0M Add +1.1%
CDLR Cadeler A/S-ADR 3.95% 532,438 $10.5M Add +22.1%
UNFI United Natural Foods Inc. 3.84% 371,348 $10.2M Reduce -20.4%
AMZN Amazon.com Inc. 3.83% 53,350 $10.2M Add +0.7%
MU Micron Technology Inc. 3.80% 115,962 $10.1M Add +1.3%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 3.64% 199,508 $9.6M Add +1.0%
QCOM Qualcomm Inc. 3.37% 58,141 $8.9M Add +0.6%
CBL CBL & Associates Properties 3.15% 313,702 $8.3M Add +0.2%
TUSK Mammoth Energy Services Inc. 2.16% 2,808,860 $5.7M Reduce -0.5%
SBLK Star Bulk Carriers Corp. 2.14% 364,270 $5.7M Add +6.6%
CMCSA Comcast Corp. Class A 1.94% 139,595 $5.2M Add +1.2%
GNW Genworth Financial Inc. 1.94% 725,300 $5.1M Add +2.3%
LNG Cheniere Energy Inc. 1.93% 22,076 $5.1M Reduce -3.6%
GLW Corning Inc. 1.93% 111,573 $5.1M Add +0.4%
SPR Spirit Aerosystems Hold Class A 1.90% 145,980 $5.0M Reduce -37.0%
NYT New York Times Co. Class A 1.66% 88,939 $4.4M Add +0.3%
AAPL Apple Inc. 1.35% 16,148 $3.6M Add +0.9%
AMGN Amgen Inc. 1.31% 11,126 $3.5M Add +4.6%
EQT Eqt Corp. 1.25% 62,191 $3.3M Reduce -73.6%
NE Noble Corp. PLC 1.21% 135,330 $3.2M No change
AXP American Express Co. 1.08% 10,687 $2.9M Add +1.0%
IVZ Invesco Ltd. 0.57% 99,826 $1.5M Reduce -51.9%
GNK Genco Shipping & Trading Ltd. 0.28% 55,000 $735K No change
CQP Cheniere Energy Partners LP 0.14% 5,550 $367K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $207K (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 168$207KNo change

Total filed on the 13F, all lines: $265.2M.

Portfolio Sells Q4 2024 → Q1 2025
EQT Eqt Corp. Reduce -73.6% 1.25% −2.37
SPR Spirit Aerosystems Hold Class A Reduce -37.0% 1.90% −0.73
TUSK Mammoth Energy Services Inc. Reduce -0.5% 2.16% −0.66
GILD Gilead Sciences Inc. Sold out 0.00% −0.64
IVZ Invesco Ltd. Reduce -51.9% 0.57% −0.64
UNFI United Natural Foods Inc. Reduce -20.4% 3.84% −0.40
MSB Mesabi Trust Reduce -10.8% 7.12% −0.17
LNG Cheniere Energy Inc. Reduce -3.6% 1.93% +0.29

Portfolio Buys Q4 2024 → Q1 2025
VAL Valaris Ltd. Add +21.2% 5.92% +1.06
CHRD Chord Energy Corp. Add +1.6% 7.59% +0.75
CDLR Cadeler A/S-ADR Add +22.1% 3.95% +0.71
TDW Tidewater Inc. Add +30.0% 5.10% +0.62
MU Micron Technology Inc. Add +1.3% 3.80% +0.59
AL Sumisho Air Lease Corp. Add +1.0% 3.64% +0.46
SBLK Star Bulk Carriers Corp. Add +6.6% 2.14% +0.44
QCOM Qualcomm Inc. Add +0.6% 3.37% +0.41
AMGN Amgen Inc. Add +4.6% 1.31% +0.38
RIVN Rivian Automotive Inc. Class A Add +0.8% 5.86% +0.38
GNW Genworth Financial Inc. Add +2.3% 1.94% +0.29
CMCSA Comcast Corp. Class A Add +1.2% 1.94% +0.22
MLP Maui Land & Pineapple Co. Add +14.4% 6.10% +0.21
GLW Corning Inc. Add +0.4% 1.93% +0.17
NYT New York Times Co. Class A Add +0.3% 1.66% +0.13
HY Hyster-Yale Inc. Add +10.4% 4.43% +0.09
CBL CBL & Associates Properties Add +0.2% 3.15% +0.08
AXP American Express Co. Add +1.0% 1.08% +0.04
AAPL Apple Inc. Add +0.9% 1.35% +0.02
AMZN Amazon.com Inc. Add +0.7% 3.83% −0.04
MBI Mbia Inc. Add +1.1% 4.15% −0.55
JOBY Joby Aviation Inc. Add +0.7% 5.35% −0.99

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 38$479.2MINTC, MU, HPP, JOBY, CART
Q1 2026 35$366.9MTDW, CHRD, VAL, MSB, JOBY
Q4 2025 35$379.9MJOBY, MU, MSB, RIVN, VAL
Q3 2025 34$343.6MJOBY, VAL, MSB, MU, MLP
Q2 2025 34$303.8MJOBY, VAL, MLP, CHRD, RIVN
Q1 2025 32$265.0MCHRD, MSB, MLP, VAL, RIVN
Q4 2024 33$300.2MMSB, CHRD, JOBY, MLP, RIVN
Q3 2024 33$313.9MCHRD, VAL, MSB, TDW, HY
Q2 2024 32$321.6MCHRD, VAL, TDW, HY, MLP
Q1 2024 32$307.6MCHRD, VAL, TDW, HY, MLP