First Sabrepoint Capital Management LP 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
First Sabrepoint Capital Management LP disclosed 23 US equity positions worth $233.7m in its Q2 2025 13F filing. The largest position was TPB at 13.0% of the reported book, followed by FCFS and LAUR. Against the Q1 2025 filing, it opened 4 new positions, added to 5 and reduced 11 among the top 23 holdings.
What did First Sabrepoint Capital Management LP own in Q2 2025? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TPB TURNING PT BRANDS INC | Consumer Defensive | 13.0% | $30.3m | 400,000 | 6% | added |
| 2 | FCFS FIRSTCASH HOLDINGS INC | Financial Services | 11.6% | $27.0m | 200,000 | 21% | added |
| 3 | LAUR LAUREATE EDUCATION INC | Consumer Defensive | 9.0% | $21.0m | 900,000 | -2% | reduced |
| 4 | MSFT MICROSOFT CORP | Technology | 7.5% | $17.4m | 35,000 | 0% | held |
| 5 | BTI BRITISH AMERN TOB PLC | Consumer Defensive | 7.1% | $16.6m | 350,000 | 89% | added |
| 6 | HAS HASBRO INC | Consumer Cyclical | 6.5% | $15.1m | 205,000 | – | new |
| 7 | CVCO CAVCO INDS INC DEL | Consumer Cyclical | 5.6% | $13.0m | 30,000 | 100% | added |
| 8 | STRL STERLING INFRASTRUCTURE INC | Industrials | 4.9% | $11.5m | 50,000 | -31% | reduced |
| 9 | MAA MID-AMER APT CMNTYS INC | Real Estate | 4.8% | $11.1m | 75,000 | -21% | reduced |
| 10 | WD WALKER & DUNLOP INC | Financial Services | 3.5% | $8.2m | 117,000 | 23% | added |
| 11 | LOPE GRAND CANYON ED INC | Consumer Defensive | 3.2% | $7.6m | 40,000 | -33% | reduced |
| 12 | CPT CAMDEN PPTY TR | Real Estate | 3.1% | $7.3m | 65,000 | -13% | reduced |
| 13 | EGY VAALCO ENERGY INC | Energy | 3.1% | $7.2m | 2,000,000 | 0% | held |
| 14 | AZO AUTOZONE INC | Consumer Cyclical | 2.9% | $6.9m | 1,850 | 0% | held |
| 15 | BL BLACKLINE INC | Technology | 2.4% | $5.7m | 100,000 | – | new |
| 16 | PGNY PROGYNY INC | Healthcare | 2.2% | $5.1m | 230,000 | -36% | reduced |
| 17 | GRBK GREEN BRICK PARTNERS INC | 2.1% | $5.0m | 79,679 | -56% | reduced | |
| 18 | AMRZ AMRIZE LTD | Basic Materials | 2.1% | $5.0m | 100,000 | – | new |
| 19 | AESI ATLAS ENERGY SOLUTIONS INC | 2.0% | $4.7m | 350,000 | -7% | reduced | |
| 20 | NVR NVR INC | Consumer Cyclical | 1.2% | $2.7m | 370 | -14% | reduced |
| 21 | BLD* TOPBUILD CORP | 1.1% | $2.6m | 8,000 | -56% | reduced | |
| 22 | GOGO GOGO INC | Communication Services | 1.1% | $2.5m | 170,000 | -74% | reduced |
| 23 | BBW BUILD-A-BEAR WORKSHOP INC | Consumer Cyclical | 0.0% | $116.6k | 2,262 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.