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FIRST SABREPOINT CAPITAL MANAGEMENT LP

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13F filer, CIK 1731530, DALLAS, TX

FIRST SABREPOINT CAPITAL MANAGEMENT LP reported $304,051,105 across 27 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-14. Its ten largest share positions make up 74.69% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001731530-26-000004

Period
2026-06-30
Reported value
$304M
Holdings
27
Top 10 weight
74.69%
New
9
Sold out
11

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EGYadded+1,900,000$9.65M
TPBadded+80,000$6.78M
RUSHAnew+75,000$5.47M
LWAYnew+170,000$5.07M
TFINadded+44,341$3.38M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
LOPEexited-58,000-$9.86M
CVSAexited-80,000-$9.22M
CVCOreduced-14,540-$8.93M
BTUexited-250,000-$8.24M
ICHRexited-170,000-$7.92M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0001731530-26-000004, largest first. % of portfolio is the value over $233,976,035, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TPBTURNING PT BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 174,203 shares; 2024Q4: 280,000 shares; 2025Q1: 376,800 shares; 2025Q2: 400,000 shares; 2025Q3: 400,000 shares; 2025Q4: 400,000 shares; 2026Q1: 400,000 shares; 2026Q2: 480,000 shares 480,000$40.7M17.4%+80,000Timeline
FCFSFIRSTCASH HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 200,000 shares; 2024Q4: 138,915 shares; 2025Q1: 165,001 shares; 2025Q2: 200,000 shares; 2025Q3: 200,000 shares; 2025Q4: 195,000 shares; 2026Q1: 177,147 shares; 2026Q2: 172,103 shares 172,103$37.2M15.91%-5,044Timeline
STRLSTERLING INFRASTRUCTURE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 70,000 shares; 2024Q4: 70,000 shares; 2025Q1: 72,500 shares; 2025Q2: 50,000 shares; 2025Q3: 42,000 shares; 2025Q4: 30,000 shares; 2026Q1: 20,000 shares; 2026Q2: 20,000 shares 20,000$16.8M7.17%0Timeline
EGYVAALCO ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,450,000 shares; 2024Q4: 1,950,000 shares; 2025Q1: 2,000,000 shares; 2025Q2: 2,000,000 shares; 2025Q3: 1,900,000 shares; 2025Q4: 1,510,000 shares; 2026Q1: 1,400,000 shares; 2026Q2: 3,300,000 shares 3,300,000$16.8M7.16%+1,900,000Timeline
TFINTRIUMPH FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 100,000 shares; 2024Q4: 67,488 shares; 2025Q1: 80,000 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 89,692 shares; 2026Q1: 110,659 shares; 2026Q2: 155,000 shares 155,000$11.8M5.06%+44,341Timeline
CVCOCAVCO INDS INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 12,750 shares; 2024Q4: 12,750 shares; 2025Q1: 15,000 shares; 2025Q2: 30,000 shares; 2025Q3: 35,000 shares; 2025Q4: 27,000 shares; 2026Q1: 33,040 shares; 2026Q2: 18,500 shares 18,500$11.4M4.86%-14,540Timeline
AMRZAMRIZE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 100,000 shares; 2025Q3: 270,000 shares; 2025Q4: 200,000 shares; 2026Q1: 188,000 shares; 2026Q2: 200,000 shares 200,000$10.7M4.56%+12,000Timeline
UCTTULTRA CLEAN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 125,000 shares; 2026Q2: 70,000 shares 70,000$9.98M4.27%-55,000Timeline
BTIBRITISH AMERN TOB PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 185,000 shares; 2025Q2: 350,000 shares; 2025Q3: 310,000 shares; 2025Q4: 150,000 shares; 2026Q1: 150,000 shares; 2026Q2: 160,000 shares 160,000$9.88M4.22%+10,000Timeline
NPKINPK INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 650,000 shares; 2026Q1: 550,000 shares; 2026Q2: 600,000 shares 600,000$9.55M4.08%+50,000Timeline
LAURLAUREATE ED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,000,000 shares; 2024Q4: 1,075,000 shares; 2025Q1: 915,000 shares; 2025Q2: 900,000 shares; 2025Q3: 800,000 shares; 2025Q4: 500,000 shares; 2026Q1: 248,000 shares; 2026Q2: 248,640 shares 248,640$9.03M3.86%+640Timeline
MTDRMATADOR RES COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 135,000 shares; 2026Q2: 180,000 shares 180,000$8.96M3.83%+45,000Timeline
THTARGET HOSPITALITY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 150,000 shares; 2026Q1: 601,777 shares; 2026Q2: 420,000 shares 420,000$8.55M3.65%-181,777Timeline
BBWBUILD-A-BEAR WORKSHOP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,262 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 188,251 shares; 2026Q2: 210,645 shares 210,645$6.45M2.76%+22,394Timeline
SFMSPROUTS FMRS MKT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 65,000 shares; 2026Q2: 65,000 shares 65,000$5.5M2.35%0Timeline
RUSHARUSH ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 75,000 shares 75,000$5.47M2.34%newTimeline
LWAYLIFEWAY FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 170,000 shares 170,000$5.07M2.17%newTimeline
AZOAUTOZONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 1,850 shares; 2024Q4: 1,850 shares; 2025Q1: 1,850 shares; 2025Q2: 1,850 shares; 2025Q3: 1,850 shares; 2025Q4: 3,000 shares; 2026Q1: 2,500 shares; 2026Q2: 1,500 shares 1,500$4.79M2.05%-1,000Timeline
BOOTBOOT BARN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 20,000 shares 20,000$3.29M1.4%newTimeline
KOSKOSMOS ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,000,000 shares; 2026Q2: 1,000,000 shares 1,000,000$2.11M0.9%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
TURNING PT BRANDS INCTURNING PT BRANDS INC CALLcall389,800$33.1M+36,900
UNITED STS BRENT OIL FD LPUNITED STS BRENT OIL FD LP CALLcall450,000$18.3Mnew
TRIUMPH FINANCIAL INCTRIUMPH FINANCIAL INC CALLcall100,000$7.63Mnew
FIRSTCASH HOLDINGS INCFIRSTCASH HOLDINGS INC CALLcall29,300$6.34Mnew
ALASKA AIR GROUP INCALASKA AIR GROUP INC PUTput50,000$2.61Mnew
UNITED STS OIL FD LPUNITED STS OIL FD LP CALLcall17,400$1.85Mnew
PROSHARES TR IIPROSHARES TR II PUTput10,000$274Knew

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
LOPEGRAND CANYON ED INC58,000$9.86Mshares
CVSACOVISTA INC80,000$9.22Mshares
BTUPEABODY ENGR CORP250,000$8.24Mshares
ICHRICHOR HOLDINGS170,000$7.92Mshares
ENTGENTEGRIS INC55,000$6.45Mshares
VSNTVERSANT MEDIA GROUP INC150,000$5.55Mshares
PARRPAR PAC HOLDINGS INC50,000$3.13Mshares
BLDTOPBUILD COR8,000$2.81Mshares
COLDAMERICOLD REALTY TRUST INC171,774$1.97Mshares
GBFHGBANK FINL HLDGS INC28,302$757Kshares
PROSHARES TR IIPROSHARES TR II20,000$322Kput

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001731530-26-000004 base2026-08-14acceptance time not in the bulk data set

Filings

Every filing of this filer: 13F reports and notices, the 13D and 13G it filed or is a reporting person of, and Forms 3, 4 and 5 it reported as an owner.

FilingSubjectFiledAcceptedIngested
13F-HR 0001731530-26-000004 Quarter ended 2026-06-302026-08-14acceptance time not in the bulk data set
13F-HR 0001731530-26-000003 Quarter ended 2026-03-312026-05-15acceptance time not in the bulk data set
13F-HR 0001731530-26-000002 Quarter ended 2025-12-312026-02-13acceptance time not in the bulk data set
13F-HR 0001731530-25-000007 Quarter ended 2025-09-302025-11-14acceptance time not in the bulk data set
13F-HR 0001731530-25-000006 Quarter ended 2025-06-302025-08-14acceptance time not in the bulk data set
13F-HR 0001731530-25-000004 Quarter ended 2025-03-312025-05-15acceptance time not in the bulk data set
13F-HR 0001731530-25-000001 Quarter ended 2024-12-312025-02-14acceptance time not in the bulk data set
13F-HR 0001731530-24-000006 Quarter ended 2024-09-302024-11-15acceptance time not in the bulk data set
13F-HR 0001731530-24-000004 Quarter ended 2024-06-302024-08-14acceptance time not in the bulk data set
13F-HR 0001731530-24-000003 Quarter ended 2024-03-312024-05-15acceptance time not in the bulk data set
13F-HR 0001731530-24-000002 Quarter ended 2023-12-312024-02-14acceptance time not in the bulk data set
13F-HR 0001731530-23-000007 Quarter ended 2023-09-302023-11-14acceptance time not in the bulk data set
13F-HR 0001731530-23-000006 Quarter ended 2023-06-302023-08-14acceptance time not in the bulk data set
13F-HR 0001781882-23-000004 Quarter ended 2023-03-312023-05-15acceptance time not in the bulk data set
13F-HR 0001731530-23-000001 Quarter ended 2022-12-312023-02-13acceptance time not in the bulk data set
13F-HR 0001731530-22-000008 Quarter ended 2022-09-302022-11-14acceptance time not in the bulk data set
13F-HR/A 0001731530-22-000007 Quarter ended 2022-06-302022-08-15acceptance time not in the bulk data set
13F-HR 0001731530-22-000006 Quarter ended 2022-06-302022-08-15acceptance time not in the bulk data set
13F-HR 0001731530-22-000005 Quarter ended 2022-03-312022-05-13acceptance time not in the bulk data set
13F-HR 0001731530-22-000002 Quarter ended 2021-12-312022-02-14acceptance time not in the bulk data set
13F-HR 0001731530-21-000009 Quarter ended 2021-09-302021-11-15acceptance time not in the bulk data set
13F-HR 0001731530-21-000007 Quarter ended 2021-06-302021-08-13acceptance time not in the bulk data set
13F-HR 0001731530-21-000006 Quarter ended 2021-03-312021-05-14acceptance time not in the bulk data set
13F-HR 0001731530-21-000002 Quarter ended 2020-12-312021-02-12acceptance time not in the bulk data set
13F-HR 0001731530-20-000008 Quarter ended 2020-09-302020-11-13acceptance time not in the bulk data set
13F-HR 0001731530-20-000007 Quarter ended 2020-06-302020-08-14acceptance time not in the bulk data set
13F-HR 0001731530-20-000006 Quarter ended 2020-03-312020-05-15acceptance time not in the bulk data set
13F-HR 0001731530-20-000002 Quarter ended 2019-12-312020-02-14acceptance time not in the bulk data set
13F-HR 0001731530-19-000004 Quarter ended 2019-09-302019-11-14acceptance time not in the bulk data set
13F-HR 0001423841-19-000003 Quarter ended 2019-06-302019-08-14acceptance time not in the bulk data set
13F-HR 0001731530-19-000003 Quarter ended 2019-03-312019-05-15acceptance time not in the bulk data set
13F-HR 0001731530-19-000001 Quarter ended 2018-12-312019-02-14acceptance time not in the bulk data set
13F-HR/A 0001679792-18-000009 Quarter ended 2018-06-302018-11-15acceptance time not in the bulk data set
13F-HR 0001731530-18-000002 Quarter ended 2018-09-302018-11-15acceptance time not in the bulk data set
13F-HR 0001679792-18-000008 Quarter ended 2018-06-302018-08-14acceptance time not in the bulk data set
13F-HR 0001679792-18-000004 Quarter ended 2018-03-312018-05-15acceptance time not in the bulk data set
13F-HR 0001679792-18-000003 Quarter ended 2017-12-312018-02-14acceptance time not in the bulk data set