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GARNET EQUITY CAPITAL HOLDINGS, INC.

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13F filer, CIK 1423876, NEW YORK, NY

GARNET EQUITY CAPITAL HOLDINGS, INC. reported $423,139,331 across 28 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-08. Its ten largest share positions make up 74.73% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001905809-25-000006

Period
2025-06-30
Reported value
$423M
Holdings
28
Top 10 weight
74.73%
New
8
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ESTAnew+165,339$7.06M
SOCadded+262,661$5.77M
FIPnew+776,832$4.79M
FTAIadded+40,000$4.6M
Vivid Seats Incnew+2,124,823$3.59M

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
GRPNreduced-761,045-$25.5M
KBRexited-180,424-$8.99M
CCJreduced-85,000-$6.31M
URNMreduced-70,000-$3.36M
CLMTreduced-100,000-$1.58M

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 2025

Share positions as resolved from 13F-HR 0001905809-25-000006, largest first. % of portfolio is the value over $216,026,169, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GRPNGROUPON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,195,976 shares; 2024Q4: 1,999,812 shares; 2025Q1: 1,649,705 shares; 2025Q2: 888,660 shares 888,660$29.7M13.76%-761,045Timeline
TBCHTURTLE BEACH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,085,526 shares; 2024Q4: 1,172,367 shares; 2025Q1: 1,443,218 shares; 2025Q2: 1,634,685 shares 1,634,685$22.6M10.47%+191,467Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,600 shares; 2024Q4: 75,600 shares; 2025Q1: 64,537 shares; 2025Q2: 64,537 shares 64,537$18.8M8.69%0Timeline
GLNGGOLAR LNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 328,500 shares; 2024Q4: 328,500 shares; 2025Q1: 355,055 shares; 2025Q2: 400,055 shares 400,055$16.5M7.63%+45,000Timeline
KTOSKRATOS DEFENSE & SEC SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 338,500 shares; 2024Q4: 304,650 shares; 2025Q1: 251,000 shares; 2025Q2: 326,000 shares 326,000$15.1M7.01%+75,000Timeline
FTAIFTAI AVIATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 88,000 shares; 2025Q2: 128,000 shares 128,000$14.7M6.82%+40,000Timeline
NTGRNETGEAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 272,033 shares; 2024Q4: 322,417 shares; 2025Q1: 388,917 shares; 2025Q2: 428,917 shares 428,917$12.5M5.77%+40,000Timeline
SOCSABLE OFFSHORE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 220,400 shares; 2025Q1: 270,400 shares; 2025Q2: 533,061 shares 533,061$11.7M5.42%+262,661Timeline
ATEXANTERIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 291,702 shares; 2024Q4: 388,829 shares; 2025Q1: 387,395 shares; 2025Q2: 397,395 shares 397,395$10.2M4.72%+10,000Timeline
CLMTCALUMET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 363,589 shares; 2024Q4: 455,589 shares; 2025Q1: 710,543 shares; 2025Q2: 610,543 shares 610,543$9.62M4.45%-100,000Timeline
BGCBGC GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,532,000 shares; 2024Q4: 1,211,000 shares; 2025Q1: 903,466 shares; 2025Q2: 903,466 shares 903,466$9.24M4.28%0Timeline
AZA2Z CUST2MATE SOLUTIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 300,000 shares; 2025Q1: 600,000 shares; 2025Q2: 790,000 shares 790,000$8.35M3.87%+190,000Timeline
ESTAESTABLISHMENT LABS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 165,339 shares 165,339$7.06M3.27%newTimeline
URNMSPROTT FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 264,517 shares; 2024Q4: 201,750 shares; 2025Q1: 200,860 shares; 2025Q2: 130,860 shares 130,860$6.27M2.9%-70,000Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 231,350 shares; 2024Q4: 181,350 shares; 2025Q1: 160,694 shares; 2025Q2: 75,694 shares 75,694$5.62M2.6%-85,000Timeline
HNRGHALLADOR ENERGY COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 310,393 shares; 2025Q2: 339,825 shares 339,825$5.38M2.49%+29,432Timeline
FIPFTAI INFRASTRUCTURE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 776,832 shares 776,832$4.79M2.22%newTimeline
Vivid Seats IncVivid Seats IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,124,823 shares 2,124,823$3.59M1.66%new
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 500,000 shares; 2024Q4: 500,000 shares; 2025Q1: 500,000 shares; 2025Q2: 400,000 shares 400,000$2.78M1.29%-100,000Timeline
UECURANIUM ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,000 shares; 2024Q4: 250,000 shares; 2025Q1: 250,000 shares; 2025Q2: 150,000 shares 150,000$1.02M0.47%-100,000Timeline
GEOGEO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 20,000 shares 20,000$479K0.22%newTimeline

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
SPYSTATE STR SPDR S&P 500 ETF T SHSput300,000$185M-1,100,000
GLNGGOLAR LNG LTD SHScall200,000$8.24Mnew
NTGRNETGEAR INC COMcall175,000$5.09M+25,000
HNRGHALLADOR ENERGY COMPANY COMcall250,000$3.96M-59,800
FIPFTAI INFRASTRUCTURE INC COMMON STOCKcall500,000$3.08Mnew
Vivid Seats IncVivid Seats Inc Common Stockcall500,000$845Knew
AZA2Z CUST2MATE SOLUTIONS CORP COMcall51,600$545Knew

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
SOCSABLE OFFSHORE CORP600,000$15.2Mcall
KBRKBR INC180,424$8.99Mshares
TBCHTURTLE BEACH CORP300,000$4.28Mcall
AMZNAMAZON COM INC7,400$1.41Mshares

How Q2 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 0001905809-25-000006 base2025-08-08acceptance time not in the bulk data set