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GENDELL JEFFREY L

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13F filer, CIK 1056581, Greenwich, CT

GENDELL JEFFREY L reported $5,755,830,704 across 94 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 81.2% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001214659-26-001719

Period
2025-12-31
Reported value
$5.76B
Holdings
94
Top 10 weight
81.2%
New
14
Sold out
7

Part of the filer group GENDELL JEFFREY L

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
OCadded+716,839$80.2M
WTMnew+32,520$67.6M
GNWadded+4,065,684$36.7M
TPCadded+433,559$29.1M
MHKadded+257,100$28.1M

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
IESCreduced-182,094-$70.8M
SNDKreduced-149,390-$35.5M
HUMreduced-118,638-$30.4M
BTUreduced-971,718-$28.9M
IWMexited-99,493-$24.1M

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 2025

Share positions as resolved from 13F-HR 0001214659-26-001719, largest first. % of portfolio is the value over $5,731,446,879, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
IESCIES HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,735,152 shares; 2024Q4: 10,717,968 shares; 2025Q1: 10,717,968 shares; 2025Q2: 10,676,338 shares; 2025Q3: 10,530,501 shares; 2025Q4: 10,348,407 shares 10,348,407$4.03B70.24%-182,0942026-10-05, 13D/A: 20,813,118 shares, 51.7% of the class, 13D/A filed 2026-10-06 Timeline
OCOWENS CORNING NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 148,741 shares; 2025Q3: 205,224 shares; 2025Q4: 922,063 shares 922,063$103M1.8%+716,839Timeline
AVADEL PHARMACEUTICALSAVADEL PHARMACEUTICALSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,805,440 shares; 2024Q4: 6,330,435 shares; 2025Q1: 6,127,156 shares; 2025Q2: 5,176,611 shares; 2025Q3: 5,314,810 shares; 2025Q4: 4,769,357 shares 4,769,357$103M1.79%-545,453
AMRALPHA METALLURGICAL RESOUR IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 347,173 shares; 2024Q4: 360,787 shares; 2025Q1: 226,446 shares; 2025Q2: 296,396 shares; 2025Q3: 475,039 shares; 2025Q4: 494,072 shares 494,072$98.8M1.72%+19,033Timeline
WTMWHITE MTNS INS GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 32,520 shares 32,520$67.6M1.18%newTimeline
TPCTUTOR PERINI CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 456,356 shares; 2025Q4: 889,915 shares 889,915$59.6M1.04%+433,559Timeline
GNWGENWORTH FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,420,204 shares; 2025Q4: 6,485,888 shares 6,485,888$58.6M1.02%+4,065,684Timeline
MHKMOHAWK INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 174,780 shares; 2024Q4: 202,456 shares; 2025Q1: 147,456 shares; 2025Q2: 115,000 shares; 2025Q3: 188,569 shares; 2025Q4: 445,669 shares 445,669$48.7M0.85%+257,100Timeline
RIGTRANSOCEAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,607,832 shares; 2024Q4: 12,512,831 shares; 2025Q1: 4,534,441 shares; 2025Q2: 1,400,000 shares; 2025Q3: 8,023,351 shares; 2025Q4: 10,789,833 shares 10,789,833$44.6M0.78%+2,766,482Timeline
BXCBLUELINX HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 494,344 shares; 2024Q4: 487,883 shares; 2025Q1: 482,827 shares; 2025Q2: 563,730 shares; 2025Q3: 659,336 shares; 2025Q4: 718,993 shares 718,993$44.2M0.77%+59,657Timeline
OIHVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,225 shares; 2024Q4: 254,646 shares; 2025Q1: 100,317 shares; 2025Q2: 135,197 shares; 2025Q3: 81,448 shares; 2025Q4: 146,532 shares 146,532$41.7M0.73%+65,084Timeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,000 shares; 2024Q4: 67,000 shares; 2025Q1: 77,000 shares; 2025Q2: 167,000 shares; 2025Q3: 217,000 shares; 2025Q4: 143,373 shares 143,373$40.9M0.71%-73,627Timeline
FLEXFLEX LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 50,000 shares; 2025Q3: 623,472 shares; 2025Q4: 676,448 shares 676,448$40.9M0.71%+52,976Timeline
INDIVIOR PLCINDIVIOR PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 303,263 shares; 2025Q1: 606,481 shares; 2025Q2: 856,481 shares; 2025Q3: 1,046,481 shares; 2025Q4: 1,096,343 shares 1,096,343$39.3M0.69%+49,862
SNDKSANDISK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 35,000 shares; 2025Q2: 164,839 shares; 2025Q3: 314,839 shares; 2025Q4: 165,449 shares 165,449$39.3M0.69%-149,390Timeline
LUMNLUMEN TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 400,000 shares; 2025Q1: 550,000 shares; 2025Q2: 550,000 shares; 2025Q3: 4,221,695 shares; 2025Q4: 4,761,216 shares 4,761,216$37M0.65%+539,521Timeline
WDCWESTERN DIGITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 262,605 shares; 2024Q4: 292,605 shares; 2025Q1: 45,000 shares; 2025Q2: 95,000 shares; 2025Q3: 240,000 shares; 2025Q4: 210,189 shares 210,189$36.2M0.63%-29,811Timeline
SLBSLB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,148,853 shares; 2024Q4: 412,693 shares; 2025Q1: 395,676 shares; 2025Q2: 450,000 shares; 2025Q3: 650,000 shares; 2025Q4: 870,000 shares 870,000$33.4M0.58%+220,000Timeline
BWBABCOCK & WILCOX ENTERPRISESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 400,056 shares; 2024Q4: 1,222,146 shares; 2025Q1: 1,725,246 shares; 2025Q2: 2,574,848 shares; 2025Q3: 4,752,823 shares; 2025Q4: 5,046,068 shares 5,046,068$32M0.56%+293,245Timeline
XBISPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,846 shares; 2024Q4: 38,846 shares; 2025Q1: 38,846 shares; 2025Q2: 92,278 shares; 2025Q3: 232,278 shares; 2025Q4: 262,278 shares 262,278$32M0.56%+30,000Timeline
UFPIUFP INDUSTRIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 65,000 shares; 2025Q3: 240,884 shares; 2025Q4: 340,698 shares 340,698$31M0.54%+99,814Timeline
TTITETRA TECHNOLOGIES INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,244,374 shares; 2024Q4: 5,234,514 shares; 2025Q1: 4,185,433 shares; 2025Q2: 3,642,453 shares; 2025Q3: 3,817,255 shares; 2025Q4: 2,885,544 shares 2,885,544$27M0.47%-931,711Timeline
SKYCHAMPION HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 170,349 shares; 2025Q3: 205,349 shares; 2025Q4: 317,097 shares 317,097$26.8M0.47%+111,748Timeline
GLWCORNING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 20,000 shares; 2025Q2: 120,000 shares; 2025Q3: 300,900 shares; 2025Q4: 300,900 shares 300,900$26.3M0.46%0Timeline
HALHALLIBURTON COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,809,882 shares; 2024Q4: 1,334,203 shares; 2025Q1: 627,149 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 921,100 shares 921,100$26M0.45%newTimeline
ATKRATKORE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 321,203 shares; 2024Q4: 254,967 shares; 2025Q1: 199,500 shares; 2025Q2: 150,105 shares; 2025Q3: 418,146 shares; 2025Q4: 387,201 shares 387,201$24.5M0.43%-30,945Timeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 20,578 shares; 2025Q1: 20,578 shares; 2025Q2: 50,578 shares; 2025Q3: 140,578 shares; 2025Q4: 105,000 shares 105,000$22.5M0.39%-35,578Timeline
FCGFIRST TR EXCHANGE-TRADED FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 269,376 shares; 2024Q4: 269,376 shares; 2025Q1: 379,376 shares; 2025Q2: 160,000 shares; 2025Q3: 190,000 shares; 2025Q4: 943,874 shares 943,874$22.1M0.39%+753,874Timeline
IOSPINNOSPEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 113,327 shares; 2024Q4: 95,317 shares; 2025Q1: 77,247 shares; 2025Q2: 79,781 shares; 2025Q3: 174,949 shares; 2025Q4: 285,351 shares 285,351$21.8M0.38%+110,402Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 462,503 shares; 2024Q4: 303,954 shares; 2025Q1: 145,000 shares; 2025Q2: not reported; 2025Q3: 171,863 shares; 2025Q4: 351,863 shares 351,863$18.9M0.33%+180,000Timeline
NBRNABORS INDUSTRIES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 496,794 shares; 2024Q4: 446,209 shares; 2025Q1: 354,663 shares; 2025Q2: 294,716 shares; 2025Q3: 594,716 shares; 2025Q4: 342,799 shares 342,799$18.6M0.32%-251,917Timeline
LXULSB INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,578,286 shares; 2024Q4: 2,727,358 shares; 2025Q1: 2,702,891 shares; 2025Q2: 1,944,465 shares; 2025Q3: 2,058,807 shares; 2025Q4: 2,134,130 shares 2,134,130$18.1M0.32%+75,323Timeline
BABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 120,000 shares; 2025Q4: 81,811 shares 81,811$17.8M0.31%-38,189Timeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 57,323 shares; 2025Q2: 107,602 shares; 2025Q3: 151,906 shares; 2025Q4: 180,749 shares 180,749$16M0.28%+28,843Timeline
BTUPEABODY ENGR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,590,273 shares; 2024Q4: 2,498,531 shares; 2025Q1: 1,349,319 shares; 2025Q2: 346,043 shares; 2025Q3: 1,478,332 shares; 2025Q4: 506,614 shares 506,614$15M0.26%-971,718Timeline
FTITECHNIPFMC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 320,000 shares 320,000$14.3M0.25%newTimeline
LBRTLIBERTY ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 556,053 shares; 2024Q4: 540,029 shares; 2025Q1: 476,843 shares; 2025Q2: 588,758 shares; 2025Q3: 888,605 shares; 2025Q4: 771,289 shares 771,289$14.2M0.25%-117,316Timeline
SNDSMART SAND INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,218,402 shares; 2024Q4: 1,367,973 shares; 2025Q1: 1,727,072 shares; 2025Q2: 2,039,861 shares; 2025Q3: 2,696,408 shares; 2025Q4: 3,126,915 shares 3,126,915$12.5M0.22%+430,507Timeline
FMCFMC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 900,000 shares 900,000$12.5M0.22%newTimeline
MTRXMATRIX SVC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 597,118 shares; 2024Q4: 597,118 shares; 2025Q1: 597,118 shares; 2025Q2: 614,409 shares; 2025Q3: 946,474 shares; 2025Q4: 1,057,561 shares 1,057,561$12.4M0.22%+111,087Timeline
OSGOCTAVE SPECIALTY GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 527,538 shares; 2024Q4: 527,538 shares; 2025Q1: 602,286 shares; 2025Q2: 1,198,420 shares; 2025Q3: 1,864,512 shares; 2025Q4: 1,569,472 shares 1,569,472$12.2M0.21%-295,040Timeline
PATKPATRICK INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 90,059 shares; 2024Q4: 105,088 shares; 2025Q1: 105,088 shares; 2025Q2: 105,088 shares; 2025Q3: 105,088 shares; 2025Q4: 105,088 shares 105,088$11.4M0.2%0Timeline
CMICUMMINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 24,251 shares; 2025Q1: not reported; 2025Q2: 22,240 shares; 2025Q3: 22,240 shares; 2025Q4: 22,240 shares 22,240$11.4M0.2%0Timeline
ORNORION GROUP HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 746,948 shares; 2024Q4: 613,795 shares; 2025Q1: 583,031 shares; 2025Q2: 191,791 shares; 2025Q3: 1,037,177 shares; 2025Q4: 1,104,300 shares 1,104,300$11M0.19%+67,123Timeline
SXCSUNCOKE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 272,591 shares; 2024Q4: 272,591 shares; 2025Q1: 272,591 shares; 2025Q2: 291,736 shares; 2025Q3: 807,512 shares; 2025Q4: 1,472,040 shares 1,472,040$10.6M0.18%+664,528Timeline
OISOIL STS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,641,049 shares; 2024Q4: 2,639,288 shares; 2025Q1: 1,676,609 shares; 2025Q2: 1,607,718 shares; 2025Q3: 1,637,718 shares; 2025Q4: 1,565,269 shares 1,565,269$10.6M0.18%-72,449Timeline
CLBCORE LABORATORIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 460,722 shares; 2024Q4: 430,161 shares; 2025Q1: 456,996 shares; 2025Q2: 569,471 shares; 2025Q3: 569,471 shares; 2025Q4: 648,460 shares 648,460$10.4M0.18%+78,989Timeline
RBCAAREPUBLIC BANCORP INC KYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 146,709 shares; 2024Q4: 146,709 shares; 2025Q1: 146,709 shares; 2025Q2: 142,916 shares; 2025Q3: 142,916 shares; 2025Q4: 142,916 shares 142,916$9.86M0.17%0Timeline
PSECPROSPECT CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,166,215 shares; 2025Q4: 3,728,319 shares 3,728,319$9.66M0.17%+562,104Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 50,000 shares; 2025Q3: 35,000 shares; 2025Q4: 35,000 shares 35,000$9.52M0.17%0Timeline
HUMHUMANA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 154,638 shares; 2025Q4: 36,000 shares 36,000$9.22M0.16%-118,638Timeline
BHCBAUSCH HEALTH COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,298,275 shares 1,298,275$9.02M0.16%newTimeline
MTRNMATERION CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 61,296 shares; 2025Q3: 71,296 shares; 2025Q4: 71,296 shares 71,296$8.86M0.15%0Timeline
TSEMTOWER SEMICONDUCTOR LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 72,999 shares; 2025Q1: 73,099 shares; 2025Q2: 93,099 shares; 2025Q3: 93,099 shares; 2025Q4: 75,000 shares 75,000$8.81M0.15%-18,099Timeline
IF BANCORP INCIF BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 326,382 shares; 2024Q4: 326,382 shares; 2025Q1: 326,382 shares; 2025Q2: 326,179 shares; 2025Q3: 326,179 shares; 2025Q4: 326,179 shares 326,179$8.79M0.15%0
INVXINNOVEX INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 39,330 shares; 2025Q3: 193,212 shares; 2025Q4: 392,311 shares 392,311$8.58M0.15%+199,099Timeline
BAXBAXTER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 446,125 shares 446,125$8.53M0.15%newTimeline
PEBKPEOPLES BANCORP N C INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 217,763 shares; 2024Q4: 217,763 shares; 2025Q1: 217,763 shares; 2025Q2: 217,763 shares; 2025Q3: 217,763 shares; 2025Q4: 217,763 shares 217,763$7.88M0.14%0Timeline
FRDFRIEDMAN INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 453,129 shares; 2024Q4: 456,824 shares; 2025Q1: 431,372 shares; 2025Q2: 354,576 shares; 2025Q3: 354,576 shares; 2025Q4: 354,576 shares 354,576$7.27M0.13%0Timeline
GTGOODYEAR TIRE & RUBR COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 820,569 shares 820,569$7.19M0.13%newTimeline
WGOWINNEBAGO INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 145,531 shares; 2025Q3: 199,843 shares; 2025Q4: 170,585 shares 170,585$6.91M0.12%-29,258Timeline
FUNCFIRST UTD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 178,352 shares; 2024Q4: 178,352 shares; 2025Q1: 178,352 shares; 2025Q2: 178,352 shares; 2025Q3: 178,352 shares; 2025Q4: 178,352 shares 178,352$6.68M0.12%0Timeline
SLNDSOUTHLAND HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 314,735 shares; 2024Q4: 606,737 shares; 2025Q1: 694,766 shares; 2025Q2: 741,563 shares; 2025Q3: 1,246,629 shares; 2025Q4: 1,899,940 shares 1,899,940$6.31M0.11%+653,311Timeline
AVTRAVANTOR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 545,000 shares 545,000$6.25M0.11%newTimeline
BOOMDMC GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 902,306 shares 902,306$6.04M0.11%newTimeline
DTIDRILLING TOOLS INTL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 434,934 shares; 2024Q4: 887,091 shares; 2025Q1: 1,169,870 shares; 2025Q2: 1,414,027 shares; 2025Q3: 1,887,691 shares; 2025Q4: 2,439,737 shares 2,439,737$5.98M0.1%+552,046Timeline
WTTRSELECT WATER SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 900,000 shares; 2024Q4: 900,000 shares; 2025Q1: 831,195 shares; 2025Q2: 546,309 shares; 2025Q3: 546,309 shares; 2025Q4: 546,309 shares 546,309$5.75M0.1%0Timeline
FUSBFIRST US BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 361,084 shares; 2024Q4: 362,440 shares; 2025Q1: 362,440 shares; 2025Q2: 377,741 shares; 2025Q3: 397,454 shares; 2025Q4: 397,454 shares 397,454$5.55M0.1%0Timeline
FMBHFIRST MID BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,119 shares; 2024Q4: 213,922 shares; 2025Q1: 137,473 shares; 2025Q2: 137,473 shares; 2025Q3: 137,473 shares; 2025Q4: 137,473 shares 137,473$5.36M0.09%0Timeline
NOVNOV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 259,175 shares; 2025Q2: 387,891 shares; 2025Q3: 339,697 shares; 2025Q4: 339,697 shares 339,697$5.31M0.09%0Timeline
ALRSALERUS FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 404,471 shares; 2025Q1: 389,794 shares; 2025Q2: 233,700 shares; 2025Q3: 233,700 shares; 2025Q4: 233,700 shares 233,700$5.26M0.09%0Timeline
ASRVAMERISERV FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,572,987 shares; 2024Q4: 1,635,677 shares; 2025Q1: 1,635,677 shares; 2025Q2: 1,635,677 shares; 2025Q3: 1,635,677 shares; 2025Q4: 1,635,677 shares 1,635,677$5.22M0.09%0Timeline
COHRCOHERENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,915 shares; 2024Q4: 41,350 shares; 2025Q1: 31,350 shares; 2025Q2: 31,350 shares; 2025Q3: 61,350 shares; 2025Q4: 27,627 shares 27,627$5.1M0.09%-33,723Timeline
CZWICITIZENS CMNTY BANCORP INC MQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,959 shares; 2024Q4: 250,959 shares; 2025Q1: 250,937 shares; 2025Q2: 248,319 shares; 2025Q3: 248,319 shares; 2025Q4: 248,319 shares 248,319$4.43M0.08%0Timeline
INSGINSEEGO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 319,048 shares; 2025Q4: 429,301 shares 429,301$4.41M0.08%+110,253Timeline
COFSCHOICEONE FINANCIAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 231,780 shares; 2025Q2: 148,548 shares; 2025Q3: 148,548 shares; 2025Q4: 148,548 shares 148,548$4.39M0.08%0Timeline
KLXEKLX ENERGY SERVICES HOLDINGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,673,219 shares; 2024Q4: 1,673,219 shares; 2025Q1: 1,673,219 shares; 2025Q2: 1,693,219 shares; 2025Q3: 1,713,108 shares; 2025Q4: 1,753,108 shares 1,753,108$3.31M0.06%+40,000Timeline
PSCEINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 78,869 shares; 2024Q4: 78,869 shares; 2025Q1: 78,869 shares; 2025Q2: 74,869 shares; 2025Q3: 68,469 shares; 2025Q4: 68,469 shares 68,469$2.94M0.05%0Timeline
CACCAMDEN NATL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 121,107 shares; 2025Q2: 61,269 shares; 2025Q3: 61,269 shares; 2025Q4: 61,269 shares 61,269$2.66M0.05%0Timeline
BVFLBV FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 141,262 shares; 2024Q4: 141,262 shares; 2025Q1: 141,262 shares; 2025Q2: 141,262 shares; 2025Q3: 141,262 shares; 2025Q4: 141,262 shares 141,262$2.56M0.04%0Timeline
SHBISHORE BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 283,410 shares; 2024Q4: 283,410 shares; 2025Q1: 283,410 shares; 2025Q2: 136,840 shares; 2025Q3: 136,840 shares; 2025Q4: 136,840 shares 136,840$2.42M0.04%0Timeline
UTIUNIVERSAL TECHNICAL INST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 91,585 shares 91,585$2.39M0.04%newTimeline
OCCOPTICAL CABLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 15,000 shares; 2025Q1: 45,000 shares; 2025Q2: 67,952 shares; 2025Q3: 281,830 shares; 2025Q4: 415,340 shares 415,340$1.85M0.03%+133,510Timeline
AAALCOA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 33,394 shares 33,394$1.77M0.03%newTimeline
TGENTECOGEN INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 41,700 shares; 2025Q3: 243,622 shares; 2025Q4: 295,541 shares 295,541$1.46M0.03%+51,919Timeline
FENCFENNEC PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 231,841 shares; 2024Q4: 199,275 shares; 2025Q1: 195,221 shares; 2025Q2: 139,706 shares; 2025Q3: 139,559 shares; 2025Q4: 139,559 shares 139,559$1.07M0.02%0Timeline
SBFGSB FINL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,823 shares; 2024Q4: 48,823 shares; 2025Q1: 46,286 shares; 2025Q2: 46,286 shares; 2025Q3: 46,286 shares; 2025Q4: 46,286 shares 46,286$1.03M0.02%0Timeline
BRBSBLUE RIDGE BANKSHARES INC VAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 281,223 shares; 2024Q4: 280,973 shares; 2025Q1: 280,973 shares; 2025Q2: 312,221 shares; 2025Q3: 312,221 shares; 2025Q4: 214,608 shares 214,608$916K0.02%-97,613Timeline
FRBAFIRST BK WILLIAMSTOWN NEW JEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,404 shares; 2024Q4: 70,404 shares; 2025Q1: 57,715 shares; 2025Q2: 48,939 shares; 2025Q3: 48,939 shares; 2025Q4: 48,939 shares 48,939$806K0.01%0Timeline
TILEINTERFACE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 190,645 shares; 2024Q4: 171,850 shares; 2025Q1: 168,713 shares; 2025Q2: 168,713 shares; 2025Q3: 25,000 shares; 2025Q4: 25,000 shares 25,000$698K0.01%0Timeline
GSMFERROGLOBE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 97,997 shares 97,997$455K0.01%newTimeline
SCLSTEPAN COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 9,085 shares 9,085$430K0.01%newTimeline
CIVBCIVISTA BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,000 shares; 2024Q4: 10,000 shares; 2025Q1: 10,000 shares; 2025Q2: 10,000 shares; 2025Q3: 10,000 shares; 2025Q4: 10,000 shares 10,000$222K<0.01%0Timeline

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
AVADEL PHARMACEUTICALSAVADEL PHARMACEUTICALS COM SHScall1,131,500$24.4Mnew

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
IWMISHARES TR99,493$24.1Mshares
AMRZAMRIZE LTD242,091$11.7Mshares
XLESELECT SECTOR SPDR TR104,052$9.3Mshares
ODPTHE ODP CORP266,489$7.42Mshares
KRESPDR SERIES TRUST100,000$6.33Mshares
NINE ENERGY SERVICE INCNINE ENERGY SERVICE INC4,178,566$2.64Mshares
ALGOMA STL GROUP INCALGOMA STL GROUP INC93,408$14.3Kshares

How Q4 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 0001214659-26-001719 base2026-02-13acceptance time not in the bulk data set