Whitebark Investors LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Whitebark Investors LP reported 9 stock positions worth $190.7 million. Its top holding was Goosehead Insurance Class A (GSHD) at 21.0% of the portfolio, followed by Flutter Entertainment PLC-Di (FLUT, 18.3%) and Microsoft (MSFT, 14.2%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 3 and reduced 4. The biggest buy was a new position in Telephone and Data Systems (TDS) and the biggest sale Global-E Online (GLBE, shares −77%).
- Most Recent 13F
- Q2 2026
- Location
- Incline Village, NV
- CIK
- 0002042091
- Portfolio Value
- $190.7M (Q1 2025)
- SEC Filing
- 0001172661-25-001683 ↗ filed May 12, 2025
Holdings Value
Holdings 9 stocks · $190.7M
| GSHD Goosehead Insurance Inc. Class A | 20.99% | 339,008 | $40.0M | Reduce -34.3% |
| FLUT Flutter Entertainment PLC-Di | 18.29% | 157,434 | $34.9M | Add +0.4% |
| MSFT Microsoft Corp. | 14.20% | 72,139 | $27.1M | Reduce -5.3% |
| DASH DoorDash Inc. Class A | 13.25% | 138,274 | $25.3M | Reduce -45.1% |
| TDS Telephone and Data Systems | 11.90% | 585,945 | $22.7M | New |
| BLND Blend Labs Inc. Class A | 8.15% | 4,639,274 | $15.5M | Add +79.3% |
| CPNG Coupang Inc. | 7.12% | 619,344 | $13.6M | Add +93.3% |
| GO Grocery Outlet Holding Corp. | 4.77% | 650,000 | $9.1M | New |
| GLBE Global-E Online Ltd. | 1.32% | 70,500 | $2.5M | Reduce -77.4% |
Portfolio Sells Q4 2024 → Q1 2025
| GLBE Global-E Online Ltd. | Reduce -77.4% | 1.32% | −6.57 |
| DASH DoorDash Inc. Class A | Reduce -45.1% | 13.25% | −6.34 |
| GSHD Goosehead Insurance Inc. Class A | Reduce -34.3% | 20.99% | −4.65 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −3.03 |
| MCO Moody's Corp. | Sold out | 0.00% | −1.87 |
| MSFT Microsoft Corp. | Reduce -5.3% | 14.20% | −0.68 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $129.5M | GLBE, CPNG, GO, MSFT, KLAR |
| Q1 2026 | 9 | $125.1M | CPNG, MSFT, GLBE, FLUT, GSHD |
| Q4 2025 | 9 | $166.0M | FLUT, CPNG, MSFT, GLBE, GSHD |
| Q3 2025 | 10 | $210.0M | FLUT, MSFT, CPNG, TDS, GSHD |
| Q2 2025Amended | 9 | $207.1M | FLUT, GSHD, MSFT, CPNG, TDS |
| Q1 2025 | 9 | $190.7M | GSHD, FLUT, MSFT, DASH, TDS |
| Q4 2024 | 9 | $215.8M | GSHD, DASH, FLUT, MSFT, GLBE |