First Sabrepoint Capital Management LP: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1731530) · Explore on the interactive board
First Sabrepoint Capital Management LP disclosed 20 US equity positions worth $234.0m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is TPB at 17.4% of the reported book, followed by FCFS, STRL. The top ten holdings are 74.7% of the book, and the portfolio behaves like about 12 equal-weight positions. Versus the prior filing it opened 3 new positions, added to 8, reduced 5 and exited 10. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does First Sabrepoint Capital Management LP own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 3 new, 8 added, 5 reduced, 10 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | TPB TURNING PT BRANDS INC | Consumer Defensive | 17.4% | $40.7m | 480,000 | 20% | added |
| 2 | FCFS FIRSTCASH HOLDINGS INC | Financial Services | 15.9% | $37.2m | 172,103 | -3% | reduced |
| 3 | STRL STERLING INFRASTRUCTURE INC | Industrials | 7.2% | $16.8m | 20,000 | 0% | held |
| 4 | EGY VAALCO ENERGY INC | Energy | 7.2% | $16.8m | 3,300,000 | 136% | added |
| 5 | TFIN TRIUMPH FINANCIAL INC | 5.1% | $11.8m | 155,000 | 40% | added | |
| 6 | CVCO CAVCO INDS INC DEL | Consumer Cyclical | 4.9% | $11.4m | 18,500 | -44% | reduced |
| 7 | AMRZ AMRIZE LTD | Basic Materials | 4.6% | $10.7m | 200,000 | 6% | added |
| 8 | UCTT ULTRA CLEAN HLDGS INC | Technology | 4.3% | $10.0m | 70,000 | -44% | reduced |
| 9 | BTI BRITISH AMERN TOB PLC | Consumer Defensive | 4.2% | $9.9m | 160,000 | 7% | added |
| 10 | NPKI NPK INTERNATIONAL INC | Industrials | 4.1% | $9.5m | 600,000 | 9% | added |
| 11 | LAUR LAUREATE ED INC | Consumer Defensive | 3.9% | $9.0m | 248,640 | 0% | held |
| 12 | MTDR MATADOR RES CO | Energy | 3.8% | $9.0m | 180,000 | 33% | added |
| 13 | TH TARGET HOSPITALITY CORP | Industrials | 3.7% | $8.6m | 420,000 | -30% | reduced |
| 14 | BBW BUILD-A-BEAR WORKSHOP INC | Consumer Cyclical | 2.8% | $6.4m | 210,645 | 12% | added |
| 15 | SFM SPROUTS FMRS MKT INC | Consumer Defensive | 2.3% | $5.5m | 65,000 | 0% | held |
| 16 | RUSHA RUSH ENTERPRISES INC | Consumer Cyclical | 2.3% | $5.5m | 75,000 | – | new |
| 17 | LWAY LIFEWAY FOODS INC | Consumer Defensive | 2.2% | $5.1m | 170,000 | – | new |
| 18 | AZO AUTOZONE INC | Consumer Cyclical | 2.0% | $4.8m | 1,500 | -40% | reduced |
| 19 | BOOT BOOT BARN HLDGS INC | Consumer Cyclical | 1.4% | $3.3m | 20,000 | – | new |
| 20 | KOS KOSMOS ENERGY LTD | Energy | 0.9% | $2.1m | 1,000,000 | 0% | held |
What did First Sabrepoint Capital Management LP sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| LOPE GRAND CANYON ED INC | 17.6% | $9.9m |
| CVSA COVISTA INC | 16.5% | $9.2m |
| BTU PEABODY ENGR CORP | 14.7% | $8.2m |
| ICHR ICHOR HOLDINGS | 14.2% | $7.9m |
| ENTG ENTEGRIS INC | 11.5% | $6.4m |
| VSNT VERSANT MEDIA GROUP INC | 9.9% | $5.6m |
| PARR PAR PAC HOLDINGS INC | 5.6% | $3.1m |
| BLD* TOPBUILD COR | 5.0% | $2.8m |
| COLD AMERICOLD REALTY TRUST INC | 3.5% | $2.0m |
| GBANK FINL HLDGS INC | 1.4% | $757.4k |
Sector mix
| Sector | Weight |
|---|---|
| Consumer Defensive | 30.0% |
| Financial Services | 15.9% |
| Industrials | 14.9% |
| Consumer Cyclical | 13.4% |
| Energy | 11.9% |
| Basic Materials | 4.6% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is First Sabrepoint Capital Management LP's portfolio?
Across every quarter First Sabrepoint Capital Management LP has filed, its median largest position is 15.8% of the book and its median top-ten weight is 67.7%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 10.0 completed holding spells, the median lasted 1.0 quarters; 20.0 positions are still open and their final length is unknown.