Skip to content
Disclosery

GARNET EQUITY CAPITAL HOLDINGS, INC.

Follow

13F filer, CIK 1423876, NEW YORK, NY

GARNET EQUITY CAPITAL HOLDINGS, INC. reported $268,964,506 across 28 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 80.58% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001423876-25-000014

Period
2025-09-30
Reported value
$269M
Holdings
28
Top 10 weight
80.58%
New
6
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
FIPadded+809,922$3.53M
ESTAadded+59,804$2.45M
NFEnew+1,045,617$2.31M
XPOFnew+258,587$2.01M
AZadded+243,025$1.94M

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
BGCreduced-633,676-$5.99M
SOCreduced-325,170-$5.68M
URNMreduced-91,174-$5.51M
CLMTreduced-228,581-$4.17M
Vivid Seats Incexited-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.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001423876-25-000014, largest first. % of portfolio is the value over $227,963,492, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
KTOSKRATOS DEFENSE & SEC SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 338,500 shares; 2024Q4: 304,650 shares; 2025Q1: 251,000 shares; 2025Q2: 326,000 shares; 2025Q3: 324,100 shares 324,100$29.6M12.99%-1,900Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,600 shares; 2024Q4: 75,600 shares; 2025Q1: 64,537 shares; 2025Q2: 64,537 shares; 2025Q3: 64,537 shares 64,537$27.5M12.04%0Timeline
TBCHTURTLE BEACH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,602,548 shares 1,602,548$25.5M11.18%-32,137Timeline
FTAIFTAI AVIATION 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: 88,000 shares; 2025Q2: 128,000 shares; 2025Q3: 137,028 shares 137,028$22.9M10.03%+9,028Timeline
GRPNGROUPON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 918,660 shares 918,660$21.5M9.41%+30,000Timeline
GLNGGOLAR LNG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 328,500 shares; 2024Q4: 328,500 shares; 2025Q1: 355,055 shares; 2025Q2: 400,055 shares; 2025Q3: 384,504 shares 384,504$15.5M6.82%-15,551Timeline
NTGRNETGEAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 272,033 shares; 2024Q4: 322,417 shares; 2025Q1: 388,917 shares; 2025Q2: 428,917 shares; 2025Q3: 471,710 shares 471,710$15.3M6.7%+42,793Timeline
ESTAESTABLISHMENT LABS HLDGS 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: 165,339 shares; 2025Q3: 225,143 shares 225,143$9.23M4.05%+59,804Timeline
ATEXANTERIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 291,702 shares; 2024Q4: 388,829 shares; 2025Q1: 387,395 shares; 2025Q2: 397,395 shares; 2025Q3: 397,395 shares 397,395$8.53M3.74%0Timeline
AZA2Z CUST2MATE SOLUTIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 300,000 shares; 2025Q1: 600,000 shares; 2025Q2: 790,000 shares; 2025Q3: 1,033,025 shares 1,033,025$8.25M3.62%+243,025Timeline
CLMTCALUMET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 363,589 shares; 2024Q4: 455,589 shares; 2025Q1: 710,543 shares; 2025Q2: 610,543 shares; 2025Q3: 381,962 shares 381,962$6.97M3.06%-228,581Timeline
FIPFTAI INFRASTRUCTURE 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: 776,832 shares; 2025Q3: 1,586,754 shares 1,586,754$6.92M3.03%+809,922Timeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 231,350 shares; 2024Q4: 181,350 shares; 2025Q1: 160,694 shares; 2025Q2: 75,694 shares; 2025Q3: 75,694 shares 75,694$6.35M2.78%0Timeline
HNRGHALLADOR ENERGY COMPANYQuarterly 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: 310,393 shares; 2025Q2: 339,825 shares; 2025Q3: 299,900 shares 299,900$5.87M2.57%-39,925Timeline
SOCSABLE OFFSHORE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 220,400 shares; 2025Q1: 270,400 shares; 2025Q2: 533,061 shares; 2025Q3: 207,891 shares 207,891$3.63M1.59%-325,170Timeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 500,000 shares; 2024Q4: 500,000 shares; 2025Q1: 500,000 shares; 2025Q2: 400,000 shares; 2025Q3: 296,810 shares 296,810$2.66M1.17%-103,190Timeline
BGCBGC GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,532,000 shares; 2024Q4: 1,211,000 shares; 2025Q1: 903,466 shares; 2025Q2: 903,466 shares; 2025Q3: 269,790 shares 269,790$2.55M1.12%-633,676Timeline
URNMSPROTT FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 264,517 shares; 2024Q4: 201,750 shares; 2025Q1: 200,860 shares; 2025Q2: 130,860 shares; 2025Q3: 39,686 shares 39,686$2.4M1.05%-91,174Timeline
NFENEW FORTRESS ENERGY 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: 1,045,617 shares 1,045,617$2.31M1.01%newTimeline
XPOFXPONENTIAL FITNESS 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: 258,587 shares 258,587$2.01M0.88%newTimeline
UECURANIUM ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,000 shares; 2024Q4: 250,000 shares; 2025Q1: 250,000 shares; 2025Q2: 150,000 shares; 2025Q3: 100,301 shares 100,301$1.34M0.59%-49,699Timeline
SEATVIVID SEATS 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: 76,130 shares 76,130$1.27M0.56%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
SOCSABLE OFFSHORE CORP COM SHScall1,600,000$27.9Mnew
HNRGHALLADOR ENERGY COMPANY COMcall250,000$4.89M0
CCOICOGENT COMM HOLDINGS INC COM NEWcall100,000$3.83Mnew
FIPFTAI INFRASTRUCTURE INC COMMON STOCKcall500,000$2.18M0
BNEDBARNES & NOBLE ED INC COMMON STOCKcall175,400$1.75Mnew
AZA2Z CUST2MATE SOLUTIONS CORP COMcall51,600$412K0

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
SPYSTATE STR SPDR S&P 500 ETF T300,000$185Mput
GLNGGOLAR LNG LTD200,000$8.24Mcall
NTGRNETGEAR INC175,000$5.09Mcall
Vivid Seats IncVivid Seats Inc2,124,823$3.59Mshares
Vivid Seats IncVivid Seats Inc500,000$845Kcall
GEOGEO GROUP INC20,000$479Kshares

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 0001423876-25-000014 base2025-11-14acceptance time not in the bulk data set