FIRST SABREPOINT CAPITAL MANAGEMENT LP
Follow13F filer, CIK 1731530, DALLAS, TX
FIRST SABREPOINT CAPITAL MANAGEMENT LP reported $372,664,474 across 59 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-14. Its ten largest share positions make up 50.79% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001731530-25-000001
- Period
- 2024-12-31
- Reported value
- $373M
- Holdings
- 59
- Top 10 weight
- 50.79%
- New
- 23
- Sold out
- 10
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| PGNYnew | +560,000 | $9.66M |
| LOPEadded | +58,150 | $9.52M |
| NVGSadded | +496,220 | $7.62M |
| CIENnew | +85,200 | $7.23M |
| TPBadded | +105,797 | $6.36M |
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
| Security | Shares change | Approx. value |
|---|---|---|
| VSTreduced | -85,000 | -$11.7M |
| PYPLexited | -105,000 | -$8.19M |
| FCFSreduced | -61,085 | -$6.33M |
| WDreduced | -57,942 | -$5.63M |
| OLNexited | -110,000 | -$5.28M |
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, Q4 2024
Share positions as resolved from 13F-HR 0001731530-25-000001, largest first. % of portfolio is the value over $267,086,198, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| LAURLAUREATE ED INC | 1,075,000 | $19.7M | 7.36% | +75,000 | Timeline | ||
| TPBTURNING PT BRANDS INC | 280,000 | $16.8M | 6.3% | +105,797 | Timeline | ||
| MSFTMICROSOFT CORP | 35,000 | $14.8M | 5.52% | 0 | Timeline | ||
| FCFSFIRSTCASH HOLDINGS INC | 138,915 | $14.4M | 5.39% | -61,085 | Timeline | ||
| MAAMID-AMER APT CMNTYS INC | 85,000 | $13.1M | 4.92% | -15,000 | Timeline | ||
| LOPEGRAND CANYON ED INC | 75,000 | $12.3M | 4.6% | +58,150 | Timeline | ||
| PMPHILIP MORRIS INTL INC | 100,000 | $12M | 4.51% | 0 | Timeline | ||
| STRLSTERLING INFRASTRUCTURE INC | 70,000 | $11.8M | 4.41% | 0 | Timeline | ||
| NVGSNAVIGATOR HLDGS LTD | 682,516 | $10.5M | 3.92% | +496,220 | Timeline | ||
| EEFTEURONET WORLDWIDE INC | 100,000 | $10.3M | 3.85% | -9,768 | Timeline | ||
| PGNYPROGYNY INC | 560,000 | $9.66M | 3.62% | new | Timeline | ||
| VSTVISTRA CORP | 65,000 | $8.96M | 3.36% | -85,000 | Timeline | ||
| WDWALKER & DUNLOP INC | 92,058 | $8.95M | 3.35% | -57,942 | Timeline | ||
| EGYVAALCO ENERGY INC | 1,950,000 | $8.52M | 3.19% | +500,000 | Timeline | ||
| BLDTOPBUILD COR | 25,000 | $7.78M | 2.91% | +13,800 | Timeline | ||
| AESIATLAS ENERGY SOLUTIONS INC | 350,000 | $7.76M | 2.91% | -20,000 | Timeline | ||
| GRBKGREEN BRICK PARTNERS INC | 135,000 | $7.63M | 2.86% | +75,000 | Timeline | ||
| CPTCAMDEN PPTY TR | 65,000 | $7.54M | 2.82% | -15,000 | Timeline | ||
| CIENCIENA CORP | 85,200 | $7.23M | 2.71% | new | Timeline | ||
| TLNTALEN ENERGY CORP | 35,000 | $7.05M | 2.64% | 0 | Timeline | ||
| TFINTRIUMPH FINANCIAL INC | 67,488 | $6.13M | 2.3% | -32,512 | Timeline | ||
| AZOAUTOZONE INC | 1,850 | $5.92M | 2.22% | 0 | Timeline | ||
| NVRNVR INC | 700 | $5.73M | 2.14% | +270 | Timeline | ||
| CVCOCAVCO INDS INC DEL | 12,750 | $5.69M | 2.13% | 0 | Timeline | ||
| OABIOMNIAB INC | 1,460,602 | $5.17M | 1.94% | -204,398 | Timeline | ||
| WSCWILLSCOT HLDGS CORP | 135,000 | $4.52M | 1.69% | -103,143 | Timeline | ||
| TPRTAPESTRY INC | 50,000 | $3.27M | 1.22% | new | Timeline | ||
| IMXIINTERNATIONAL MONEY EXPRESS | 148,821 | $3.1M | 1.16% | 0 | Timeline | ||
| DHID R HORTON INC | 19,949 | $2.79M | 1.04% | -5,551 | Timeline | ||
| PHMPULTE GROUP INC | 25,000 | $2.72M | 1.02% | new | Timeline | ||
| MTHMERITAGE HOMES CORP | 17,500 | $2.69M | 1.01% | -8,500 | Timeline | ||
| GOGOGOGO INC | 325,000 | $2.63M | 0.98% | new | Timeline |
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).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| FIRSTCASH HOLDINGS INCFIRSTCASH HOLDINGS INC CALL | call | 219,900 | $22.8M | +90,400 |
| TURNING PT BRANDS INCTURNING PT BRANDS INC CALL | call | 171,900 | $10.3M | new |
| MODINE MFG COMODINE MFG CO PUT | put | 80,100 | $9.29M | new |
| HARROW INCHARROW INC COM | put | 180,000 | $6.04M | 0 |
| NEW FORTRESS ENERGY INCNEW FORTRESS ENERGY INC COM CL A | put | 385,000 | $5.82M | -140,000 |
| SOUNDHOUND AI INCSOUNDHOUND AI INC PUT | put | 293,000 | $5.81M | new |
| IRON MTN INC DELIRON MTN INC DEL PUT | put | 48,000 | $5.05M | -28,000 |
| GOOSEHEAD INS INCGOOSEHEAD INS INC PUT | put | 48,100 | $4.88M | -61,700 |
| POWELL INDS INCPOWELL INDS INC COM | put | 20,000 | $4.43M | new |
| JOBY AVIATION INCJOBY AVIATION INC COMMON STOCK | put | 450,000 | $3.66M | new |
| ARCHER AVIATION INCARCHER AVIATION INC COM CL A | put | 350,000 | $3.41M | new |
| RED CAT HLDGS INCRED CAT HLDGS INC PUT | put | 260,000 | $3.34M | new |
| BRINKER INTL INCBRINKER INTL INC PUT | put | 25,000 | $3.31M | new |
| HA SUSTAINABLE INFRA CAP INCHA SUSTAINABLE INFRA CAP INC COM | put | 95,000 | $2.55M | new |
| PROCEPT BIOROBOTICS CORPPROCEPT BIOROBOTICS CORP COM | put | 25,000 | $2.01M | -26,000 |
| RIGETTI COMPUTING INCRIGETTI COMPUTING INC COMMON STOCK | put | 130,000 | $1.98M | new |
| WILLSCOT HLDGS CORPWILLSCOT HLDGS CORP COM CL A | call | 50,000 | $1.67M | new |
| WESTROCK COFFEE COWESTROCK COFFEE CO PUT | put | 258,400 | $1.66M | new |
| INARI MED INCINARI MED INC PUT | put | 30,000 | $1.53M | -80,800 |
| VITAL FARMS INCVITAL FARMS INC PUT | put | 35,000 | $1.32M | 0 |
| OMEROS CORPOMEROS CORP COM | put | 120,600 | $1.19M | new |
| IONQ INCIONQ INC COM | put | 25,000 | $1.04M | new |
| NUSCALE PWR CORPNUSCALE PWR CORP PUT | put | 40,000 | $717K | new |
| QUANTUM COMPUTING INCQUANTUM COMPUTING INC PUT | put | 35,000 | $579K | new |
| AEROVIRONMENT INCAEROVIRONMENT INC COM | put | 3,100 | $477K | new |
| MEDICAL PROPERTIES TRUST INCMEDICAL PROPERTIES TRUST INC COM | put | 100,000 | $395K | -400,000 |
| AST SPACEMOBILE INCAST SPACEMOBILE INC CALL | put | 14,000 | $295K | new |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| GRAND CANYON ED INCGRAND CANYON ED INC | 60,000 | $8.51M | call |
| PYPLPAYPAL HLDGS INC | 105,000 | $8.19M | shares |
| OLNOLIN CORP | 110,000 | $5.28M | shares |
| INSEEGO CORPINSEEGO CORP | 207,000 | $3.38M | put |
| HA SUSTAINABLE INFRA CAP INCHA SUSTAINABLE INFRA CAP INC | 95,000 | $3.27M | put |
| BANCORP INC DELBANCORP INC DEL | 55,000 | $2.94M | put |
| GOLD COM INCGOLD COM INC | 55,200 | $2.43M | put |
| WESTROCK COWESTROCK CO | 370,700 | $2.41M | put |
| SWEETGREEN INCSWEETGREEN INC | 50,000 | $1.77M | put |
| PALANTIR TECHNOLOGIES INCPALANTIR TECHNOLOGIES INC | 25,000 | $930K | put |
How Q4 2024 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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001731530-25-000001 | base | 2025-02-14 | acceptance time not in the bulk data set |