FIRST SABREPOINT CAPITAL MANAGEMENT LP
CIK 0001731530
Annualised vol
4.500398%
Beta
0.06173
HHI
672.251786
Top-10 weight
67.980065%
VaR 95%
0.360033%
VaR 99%
0.964947%
Max drawdown
7.563143%
Matched value
44.426537%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| FCFS | ADDED | 201,403 | 177,147 | 13.69% | 43,567,497 |
| TFIN | ADDED | 255,000 | 110,659 | 130.44% | 19,459,050 |
| STRL | UNCHANGED | 20,000 | 20,000 | 0.0% | 16,787,200 |
| AMRZ | ADDED | 200,000 | 188,000 | 6.38% | 10,660,000 |
| NPKI | ADDED | 600,000 | 550,000 | 9.09% | 9,546,000 |
| TH | REDUCED | 420,000 | 601,777 | -30.21% | 8,551,200 |
| BBW | ADDED | 210,645 | 188,251 | 11.9% | 6,447,844 |
| RUSHB | NEW | 75,000 | - | - | 5,473,875 |
| LWAY | NEW | 170,000 | - | - | 5,072,800 |
| AZO | REDUCED | 1,500 | 2,500 | -40.0% | 4,793,910 |
| ALK | NEW | 50,000 | - | - | 2,610,000 |
| KOS | UNCHANGED | 1,000,000 | 1,000,000 | 0.0% | 2,110,000 |
| COLD | CLOSED OUT | 0 | 171,774 | -100.0% | 0 |
| ICHR | CLOSED OUT | 0 | 170,000 | -100.0% | 0 |
| VSNT | CLOSED OUT | 0 | 150,000 | -100.0% | 0 |
| CVSA | CLOSED OUT | 0 | 80,000 | -100.0% | 0 |
| ENTG | CLOSED OUT | 0 | 55,000 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | TURNING PT BRANDS INC | COM | 90041L105 | 40,708,800 | 13.39 | 480000.0 | |
| FCFS | ADDED | FIRSTCASH HOLDINGS INC | COM | 33768G107 | 37,229,321 | 12.24 | 172103.0 |
| - | TURNING PT BRANDS INC | CALL | 90041L905 | 33,058,938 | 10.87 | 389800.0 | |
| - | UNITED STS BRENT OIL FD LP | CALL | 91167Q900 | 18,310,500 | 6.02 | 450000.0 | |
| STRL | UNCHANGED | STERLING INFRASTRUCTURE INC | COM | 859241101 | 16,787,200 | 5.52 | 20000.0 |
| - | VAALCO ENERGY INC | COM NEW | 91851C201 | 16,764,000 | 5.51 | 3300000.0 | |
| TFIN | ADDED | TRIUMPH FINANCIAL INC | COM | 89679E300 | 11,828,050 | 3.89 | 155000.0 |
| - | CAVCO INDS INC DEL | COM | 149568107 | 11,366,030 | 3.74 | 18500.0 | |
| AMRZ | ADDED | AMRIZE LTD | SHS | H2927K103 | 10,660,000 | 3.51 | 200000.0 |
| - | ULTRA CLEAN HLDGS INC | COM | 90385V107 | 9,981,300 | 3.28 | 70000.0 | |
| - | BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | 9,881,600 | 3.25 | 160000.0 | |
| NPKI | ADDED | NPK INTERNATIONAL INC | COM SHS | 651718504 | 9,546,000 | 3.14 | 600000.0 |
| - | LAUREATE ED INC | COMMON STOCK | 518613203 | 9,030,605 | 2.97 | 248640.0 | |
| - | MATADOR RES CO | COM | 576485205 | 8,960,400 | 2.95 | 180000.0 | |
| TH | REDUCED | TARGET HOSPITALITY CORP | COM | 87615L107 | 8,551,200 | 2.81 | 420000.0 |
| TFIN | ADDED | TRIUMPH FINANCIAL INC | CALL | 89679E900 | 7,631,000 | 2.51 | 100000.0 |
| BBW | ADDED | BUILD-A-BEAR WORKSHOP INC | COM | 120076104 | 6,447,844 | 2.12 | 210645.0 |
| FCFS | ADDED | FIRSTCASH HOLDINGS INC | CALL | 33768G907 | 6,338,176 | 2.08 | 29300.0 |
| - | SPROUTS FMRS MKT INC | COM | 85208M102 | 5,497,700 | 1.81 | 65000.0 | |
| RUSHB | NEW | RUSH ENTERPRISES INC | CL A | 781846209 | 5,473,875 | 1.8 | 75000.0 |
| LWAY | NEW | LIFEWAY FOODS INC | COM | 531914109 | 5,072,800 | 1.67 | 170000.0 |
| AZO | REDUCED | AUTOZONE INC | COM | 053332102 | 4,793,910 | 1.58 | 1500.0 |
| - | BOOT BARN HLDGS INC | COM | 099406100 | 3,285,400 | 1.08 | 20000.0 | |
| ALK | NEW | ALASKA AIR GROUP INC | PUT | 011659959 | 2,610,000 | 0.86 | 50000.0 |
| KOS | UNCHANGED | KOSMOS ENERGY LTD | COM | 500688106 | 2,110,000 | 0.69 | 1000000.0 |
| - | UNITED STS OIL FD LP | CALL | 91232N907 | 1,852,056 | 0.61 | 17400.0 | |
| - | PROSHARES TR II | PUT | 74347Y954 | 274,400 | 0.09 | 10000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 304,051,105 | 27 | 4.500398 | 0.06173 | 7.563143 |
| 2026-03-31 | 2026-05-15 | 275,593,188 | 29 | 3.849139 | 0.088086 | 4.915472 |
| 2025-12-31 | 2026-02-13 | 259,146,737 | 29 | 5.223145 | 0.173242 | 7.186004 |
| 2025-09-30 | 2025-11-14 | 315,925,189 | 37 | 7.302674 | 0.232109 | 11.504497 |
| 2025-03-31 | 2025-05-15 | 269,442,957 | 37 | 5.82598 | 0.212019 | 8.089235 |
| 2024-12-31 | 2025-02-14 | 372,664,474 | 59 | 7.555597 | 0.257101 | 10.414457 |