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GATE CITY CAPITAL MANAGEMENT, LLC

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13F filer, CIK 1705447, CHICAGO, IL

GATE CITY CAPITAL MANAGEMENT, LLC reported $199,191,965 across 15 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 91.11% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-25-020989

Period
2025-09-30
Reported value
$199M
Holdings
15
Top 10 weight
91.11%
New
1
Sold out
2

Part of the filer group GATE CITY CAPITAL MANAGEMENT, LLC

  • Michael Melby
How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BTUadded+447,132$11.9M
IMKTAadded+153,073$10.6M
JAKKnew+530,380$9.93M
ALCOadded+131,626$4.56M
HTLDadded+413,264$3.46M

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
HOSreduced-1,134,330-$7.44M
MOSreduced-203,500-$7.06M
BSETexited-104,219-$1.58M
CULPreduced-203,393-$907K
EVCreduced-375,418-$875K

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 0001398344-25-020989, largest first. % of portfolio is the value over $199,191,965, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ALCOALICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 770,844 shares; 2024Q4: 770,844 shares; 2025Q1: 878,417 shares; 2025Q2: 1,126,553 shares; 2025Q3: 1,258,179 shares 1,258,179$43.6M21.89%+131,626Timeline
BTUPEABODY ENGR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 677,622 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 644,211 shares; 2025Q3: 1,091,343 shares 1,091,343$28.9M14.53%+447,132Timeline
EVCENTRAVISION COMMUNICATIONS CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,805,603 shares; 2024Q4: 10,473,634 shares; 2025Q1: 12,199,252 shares; 2025Q2: 11,972,986 shares; 2025Q3: 11,597,568 shares 11,597,568$27M13.57%-375,418Timeline
HTLDHEARTLAND EXPRESS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 405,175 shares; 2024Q4: 590,893 shares; 2025Q1: 602,193 shares; 2025Q2: 1,611,581 shares; 2025Q3: 2,024,845 shares 2,024,845$17M8.52%+413,264Timeline
HOSHORNBECK OFFSHORE SERVICES IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,892,575 shares; 2025Q1: 3,299,754 shares; 2025Q2: 3,581,525 shares; 2025Q3: 2,447,195 shares 2,447,195$16.1M8.06%-1,134,330Timeline
IMKTAINGLES MKTS 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: 42,972 shares; 2025Q3: 196,045 shares 196,045$13.6M6.85%+153,073Timeline
SGASAGA COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 444,131 shares; 2024Q4: 863,845 shares; 2025Q1: 863,845 shares; 2025Q2: 863,845 shares; 2025Q3: 863,845 shares 863,845$10.7M5.39%0Timeline
JAKKJAKKS PAC 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: 530,380 shares 530,380$9.93M4.99%newTimeline
CPHCCANTERBURY PK HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 284,833 shares; 2024Q4: 332,903 shares; 2025Q1: 359,836 shares; 2025Q2: 443,599 shares; 2025Q3: 445,345 shares 445,345$7.3M3.66%+1,7462026-09-30, 13D: 484,749 shares, 9.35% of the class, 13D filed 2026-10-01 Timeline
MOSMOSAIC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 500,000 shares; 2024Q4: 692,141 shares; 2025Q1: 667,141 shares; 2025Q2: 413,417 shares; 2025Q3: 209,917 shares 209,917$7.28M3.65%-203,500Timeline
IPIINTREPID POTASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 837,570 shares; 2024Q4: 838,921 shares; 2025Q1: 753,821 shares; 2025Q2: 208,388 shares; 2025Q3: 208,388 shares 208,388$6.37M3.2%0Timeline
CULPCULP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,431,712 shares; 2024Q4: 1,431,712 shares; 2025Q1: 1,188,670 shares; 2025Q2: 1,188,670 shares; 2025Q3: 985,277 shares 985,277$4.39M2.21%-203,393Timeline
FFFUTUREFUEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 851,898 shares; 2025Q1: 851,839 shares; 2025Q2: 475,279 shares; 2025Q3: 804,225 shares 804,225$3.12M1.57%+328,946Timeline
AXRAMREP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,361 shares; 2024Q4: 23,689 shares; 2025Q1: 27,922 shares; 2025Q2: 103,583 shares; 2025Q3: 100,742 shares 100,742$2.41M1.21%-2,841Timeline
TGTREDEGAR 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: 121,810 shares; 2025Q2: 260,088 shares; 2025Q3: 174,805 shares 174,805$1.4M0.7%-85,283Timeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
BSETBASSETT FURNITURE INDS INC104,219$1.58Mshares
DOUGDOUGLAS ELLIMAN INC373,387$866Kshares

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 0001398344-25-020989 base2025-11-14acceptance time not in the bulk data set