In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Voss Capital, LP reported 48 stock positions worth $1.9 billion . Its top holding was Flywire Corp.-Voting (FLYW) at 8.9% of the portfolio, followed by Par Technology (PAR, 8.4% ) and Cellebrite Di (CLBT, 7.7% ). Compared with Q3 2025, it opened 15 new positions, sold out of 13, added to 17 and reduced 14. The biggest buy was a new position in Eqt (EQT) and the biggest sale an exit from Crocs (CROX).
Location HOUSTON, TX
CIK 0001730145
Portfolio Value $1.9B (Q4 2025) Holdings 48 stocks · $1.9B 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 Q3 2025 FLYW Flywire Corp.-Voting 11,750,000 $166.4M Add +22.1% PAR Par Technology Corp. 4,340,000 $157.5M Add +45.9% CLBT Cellebrite Di Ltd. 8,050,000 $145.1M Add +18.8% GFF Griffon Corp. 1,760,000 $129.6M Add +14.7% GENI Genius Sports Ltd. 11,100,000 $122.3M Add +35.4% FIVN FIVE9 Inc. 5,895,000 $118.2M Add +29.6% POWL Powell Industries Inc. 350,000 $111.6M Add +18.6% EEFT Euronet Worldwide Inc. 1,430,000 $108.8M Add +6.7% PHIN Phinia Inc. 1,727,468 $108.3M Add +2.8% SN Sharkninja Inc. 958,952 $107.3M Add +75.2% SHC Sotera Health Co. 3,958,482 $69.8M Add +114.0% PRKS United Parks & Resorts Inc. 1,640,000 $59.5M Reduce -20.0% KNF Knife River Corp. 710,048 $50.0M Add +61.4% XPOF Xponential Fitness Inc. Class A 6,033,653 $49.7M Add +86.7% EQT Eqt Corp. 924,841 $49.6M New AVTR Avantor Inc. 4,102,790 $47.0M Reduce -9.3% TTAM Titan America SA 2,600,000 $42.8M Add +51.6% CSR Centerspace 330,751 $22.1M New AIOT Powerfleet Inc. 3,949,990 $21.0M Reduce -31.9% DHI D.R. Horton Inc. 115,000 $16.6M New LEGH Legacy Housing Corp. 765,000 $14.9M Reduce -28.3% ALTG Alta Equipment Group Inc. 2,824,199 $13.0M Reduce -2.2% LGIH Lgi Homes Inc. 300,000 $12.9M No change OC Owens Corning 115,000 $12.9M New INVH Invitation Homes Inc. 450,000 $12.5M New CRH CRH PLC 85,809 $10.7M Reduce -61.9% SWIM Latham Group Inc. 1,625,000 $10.3M Reduce -62.6% CCS Century Communities Inc. 160,000 $9.5M Reduce -56.2% LRN Stride Inc. 138,274 $9.0M New ACTU Actuate Therapeutics Inc. 1,300,000 $8.0M Add +45.0% CELH Celsius Holdings Inc. 165,000 $7.5M New MCW Mister Car Wash Inc. 1,296,915 $7.2M New AMZN Amazon.com Inc. 25,000 $5.8M New UNF Unifirst Corp. 29,485 $5.7M New QURE Uniqure NV 210,000 $5.0M Add +68.0% RNTX Rein Therapeutics Inc. 4,243,969 $4.9M Add +59.2% PEB Pebblebrook Hotel Trust 432,613 $4.9M New RGNX Regenxbio Inc. 295,000 $4.2M Reduce -41.0% ARE Alexandria Real Estate Equit 75,000 $3.7M New ALX Alexander's Inc. 15,000 $3.3M Reduce -40.7% GOOGL Alphabet Inc. Class A 10,000 $3.1M New XERS Xeris Biopharma Holdings Inc. 371,709 $2.9M New SNDX Syndax Pharmaceuticals Inc. 125,000 $2.6M New IRD Opus Genetics Inc. 441,891 $888K Reduce -21.4% CGTX Cognition Therapeutics Inc. 279,340 $377K Reduce -6.9% KURA Kura Oncology Inc. 29,737 $309K Reduce -90.3% RMNI Rimini Street Inc. 70,000 $272K Reduce -72.0% LTRN Lantern Pharma Inc. 50,000 $152K No change
Options reported separately and not counted above: TSLA puts ($158.5M), GOOGL calls ($19.6M), AMZN calls ($15.0M), HSY puts ($3.6M), OKLO puts ($3.6M), FIVN calls ($3.0M), EEFT calls ($776K), PAR calls ($337K), XERS calls ($177K).
Portfolio Sells Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▲ CROX Crocs Inc. Sold out 0.00% −3.19 PRKS United Parks & Resorts Inc. Reduce -20.0% 3.17% −2.93 CNH CNH Industrial NV Sold out 0.00% −1.73 RTO Rentokil Initial PLC-SP ADR Sold out 0.00% −1.60 SWIM Latham Group Inc. Reduce -62.6% 0.55% −1.35 ABG Asbury Automotive Group Sold out 0.00% −1.26 CRH CRH PLC Reduce -61.9% 0.57% −0.98 IMXI International Money Express Sold out 0.00% −0.94 LEGH Legacy Housing Corp. Reduce -28.3% 0.79% −0.89 AMTM Amentum Holdings Inc. Sold out 0.00% −0.86 CCS Century Communities Inc. Reduce -56.2% 0.51% −0.82 AVTR Avantor Inc. Reduce -9.3% 2.50% −0.75 AIOT Powerfleet Inc. Reduce -31.9% 1.12% −0.63 ALTG Alta Equipment Group Inc. Reduce -2.2% 0.69% −0.51 SXT Sensient Technologies Corp. Sold out 0.00% −0.40 BXC Bluelinx Holdings Inc. Sold out 0.00% −0.25 ARKO Arko Corp. Sold out 0.00% −0.25 ALX Alexander's Inc. Reduce -40.7% 0.17% −0.17 KURA Kura Oncology Inc. Reduce -90.3% 0.02% −0.14 AMRZ Amrize Ltd. Sold out 0.00% −0.12 IOVA Iovance Biotherapeutics Inc. Sold out 0.00% −0.08 CGEM Cullinan Therapeutics Inc. Sold out 0.00% −0.08 RCKT Rocket Pharmaceuticals Inc. Sold out 0.00% −0.06 RMNI Rimini Street Inc. Reduce -72.0% 0.01% −0.05 RGNX Regenxbio Inc. Reduce -41.0% 0.23% −0.05 IRD Opus Genetics Inc. Reduce -21.4% 0.05% −0.01 CGTX Cognition Therapeutics Inc. Reduce -6.9% 0.02% −0.00
Portfolio Buys Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▼ EQT Eqt Corp. New 2.64% +2.64 SN Sharkninja Inc. Add +75.2% 5.71% +2.46 SHC Sotera Health Co. Add +114.0% 3.71% +2.04 PAR Par Technology Corp. Add +45.9% 8.38% +1.61 FLYW Flywire Corp.-Voting Add +22.1% 8.85% +1.36 XPOF Xponential Fitness Inc. Class A Add +86.7% 2.64% +1.19 CSR Centerspace New 1.17% +1.17 DHI D.R. Horton Inc. New 0.88% +0.88 TTAM Titan America SA Add +51.6% 2.28% +0.81 POWL Powell Industries Inc. Add +18.6% 5.94% +0.77 KNF Knife River Corp. Add +61.4% 2.66% +0.71 OC Owens Corning New 0.68% +0.68 GENI Genius Sports Ltd. Add +35.4% 6.51% +0.67 INVH Invitation Homes Inc. New 0.67% +0.67 CLBT Cellebrite Di Ltd. Add +18.8% 7.72% +0.50 LRN Stride Inc. New 0.48% +0.48 CELH Celsius Holdings Inc. New 0.40% +0.40 MCW Mister Car Wash Inc. New 0.38% +0.38 AMZN Amazon.com Inc. New 0.31% +0.31 UNF Unifirst Corp. New 0.30% +0.30 PEB Pebblebrook Hotel Trust New 0.26% +0.26 PHIN Phinia Inc. Add +2.8% 5.76% +0.21 ARE Alexandria Real Estate Equit New 0.20% +0.20 GFF Griffon Corp. Add +14.7% 6.90% +0.17 GOOGL Alphabet Inc. Class A New 0.17% +0.17 XERS Xeris Biopharma Holdings Inc. New 0.16% +0.16 SNDX Syndax Pharmaceuticals Inc. New 0.14% +0.14 RNTX Rein Therapeutics Inc. Add +59.2% 0.26% +0.09 ACTU Actuate Therapeutics Inc. Add +45.0% 0.42% +0.08 FIVN FIVE9 Inc. Add +29.6% 6.29% −0.04 QURE Uniqure NV Add +68.0% 0.27% −0.15 EEFT Euronet Worldwide Inc. Add +6.7% 5.79% −0.98
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ TSLA Tesla Inc. put Reduce -29.9% 352,500 $158.5M QQQ Invesco QQQ Trust Series 1 put Sold out 55,000 $33.0Mbefore exit GOOGL Alphabet Inc. Class A call Add +150.0% 62,500 $19.6M SPY SS SPDR S&P 500 ETF Trust-US put Sold out 25,000 $16.7Mbefore exit AMZN Amazon.com Inc. call New 65,000 $15.0M IBM Intl Business Machines Corp. put Sold out 17,500 $4.9Mbefore exit HSY The Hershey Co. put Add +100.0% 20,000 $3.6M OKLO Oklo Inc. put New 50,000 $3.6M FIVN FIVE9 Inc. call New 150,000 $3.0M ARKK ARK Innovation ETF put Sold out 25,000 $2.2Mbefore exit EEFT Euronet Worldwide Inc. call New 10,200 $776K FLYW Flywire Corp.-Voting call Sold out 50,000 $677Kbefore exit RCL Royal Caribbean Cruises Ltd. put Sold out 1,000 $324Kbefore exit EOLS Evolus Inc. call Sold out 50,000 $307Kbefore exit XERS Xeris Biopharma Holdings Inc. call New 22,500 $177K CLBT Cellebrite Di Ltd. put Sold out 2,300 $43Kbefore exit
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 35 $2.0B FLYW, SRE, CLBT, GFF, FIVN Q1 2026 39 $1.7B FLYW, CLBT, GFF, SRE, EEFT Q4 2025 48 $1.9B FLYW, PAR, CLBT, GFF, GENI Q3 2025 Amended 46 $1.7B FLYW, CLBT, PAR, EEFT, GFF Q2 2025 54 $1.5B PAR, PHIN, GFF, FLYW, PRKS Q1 2025 56 $1.3B PAR, GFF, GENI, EEFT, PHIN Q4 2024 45 $1.3B PAR, CRH, GFF, PLYA, PRKS Q3 2024 39 $1.2B CRH, GFF, PAR, PRKS, CNH Q2 2024 38 $1.0B RCM, GFF, CRH, PAR, RTO Q1 2024 33 $1.2B CRH, RCM, GFF, BXC, RTO