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Flat Footed LLC

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13F filer, CIK 1799456, WILSON, WY

Flat Footed LLC reported $810,484,563 across 23 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 96.18% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001799456-25-000009

Period
2025-09-30
Reported value
$810M
Holdings
23
Top 10 weight
96.18%
New
5
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CNRadded+683,390$57M
MATXnew+314,076$31M
JBSadded+643,263$9.6M
KODKnew+1,240,582$7.95M
CVEOadded+194,630$4.48M

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
BKDreduced-2,791,301-$23.6M
GRFSreduced-535,752-$5.34M
RMRreduced-52,629-$828K
TDWexited-500-$23.1K
GOLDreduced-324-$8.38K

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, Q3 2025

Share positions as resolved from 13F-HR 0001799456-25-000009, largest first. % of portfolio is the value over $492,563,620, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 470,957 shares; 2025Q2: 1,154,731 shares; 2025Q3: 1,838,121 shares 1,838,121$153M31.15%+683,390Timeline
BKDBROOKDALE SR LIVING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,166,679 shares; 2024Q4: 11,401,757 shares; 2025Q1: 17,901,402 shares; 2025Q2: 15,496,897 shares; 2025Q3: 12,705,596 shares 12,705,596$108M21.85%-2,791,301Timeline
DHCDIVERSIFIED HEALTHCARE TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,487,000 shares; 2024Q4: 23,487,000 shares; 2025Q1: 23,487,000 shares; 2025Q2: 23,487,000 shares; 2025Q3: 23,487,000 shares 23,487,000$104M21.03%0Timeline
MATXMATSON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 314,076 shares 314,076$31M6.29%newTimeline
JBSJBS N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 888,426 shares; 2025Q3: 1,531,689 shares 1,531,689$22.9M4.64%+643,263Timeline
TKTEEKAY CORPORATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,563,303 shares; 2025Q3: 1,842,005 shares 1,842,005$15.1M3.06%+278,702Timeline
GOLDGOLD COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 470,180 shares; 2025Q3: 469,856 shares 469,856$12.2M2.47%-324Timeline
GRFSGRIFOLS S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,765,077 shares; 2025Q2: 1,634,279 shares; 2025Q3: 1,098,527 shares 1,098,527$10.9M2.22%-535,752Timeline
ILPTINDUSTRIAL LOGISTICS PPTYS TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,219,953 shares; 2025Q3: 1,550,498 shares 1,550,498$9.04M1.84%+330,545Timeline
ASCARDMORE SHIPPING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 468,567 shares; 2025Q3: 680,426 shares 680,426$8.08M1.64%+211,859Timeline
KODKEASTMAN KODAK COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,870,465 shares; 2024Q4: 1,467,988 shares; 2025Q1: 669,899 shares; 2025Q2: not reported; 2025Q3: 1,240,582 shares 1,240,582$7.95M1.61%newTimeline
CVEOCIVEO CORP CDAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 91,759 shares; 2025Q3: 286,389 shares 286,389$6.59M1.34%+194,630Timeline
SVCSERVICE PPTYS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 558,889 shares 558,889$1.51M0.31%newTimeline
FLRFLUOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 30,000 shares 30,000$1.26M0.26%newTimeline
PANLPANGAEA LOGISTICS SOLUTION LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 193,575 shares; 2025Q3: 201,039 shares 201,039$1.02M0.21%+7,464Timeline
RMRRMR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 54,232 shares; 2025Q2: 59,463 shares; 2025Q3: 6,834 shares 6,834$107K0.02%-52,629Timeline

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
HYGISHARES TR IBOXX HI YD ETFput2,188,400$178M+1,506,200
TSLATESLA INC COMput192,000$85.4M+163,000
WELLWELLTOWER INC REITput165,000$29.4M-100,000
CNRCORE NATURAL RESOURCES INC COM SHScall150,400$12.6M-339,500
AFRMAFFIRM HLDGS INC Stockput149,000$10.9M-601,300
MATXMATSON INC Stockput20,500$2.02Mnew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
BROOKDALE SR LIVING INCBROOKDALE SR LIVING INC NOTE 2.000%10/1principal315,000$366K-32,519,000

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
TDWTIDEWATER INC NEW174,600$8.05Mcall
TDWTIDEWATER INC NEW500$23.1Kshares

How Q3 2025 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 0001799456-25-000009 base2025-11-14acceptance time not in the bulk data set