First Sabrepoint Capital Management LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
First Sabrepoint Capital Management LP disclosed 18 US equity positions worth $247.7m in its Q3 2025 13F filing. The largest position was TPB at 16.0% of the reported book, followed by FCFS and LAUR. Against the Q2 2025 filing, it opened 1 new position, added to 4 and reduced 8 among the top 18 holdings.
What did First Sabrepoint Capital Management LP own in Q3 2025? Top 18 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TPB TURNING PT BRANDS INC | Consumer Defensive | 16.0% | $39.5m | 400,000 | 0% | held |
| 2 | FCFS FIRSTCASH HOLDINGS INC | Financial Services | 12.8% | $31.7m | 200,000 | 0% | held |
| 3 | LAUR LAUREATE EDUCATION INC | Consumer Defensive | 10.2% | $25.2m | 800,000 | -11% | reduced |
| 4 | CVCO CAVCO INDS INC DEL | Consumer Cyclical | 8.2% | $20.3m | 35,000 | 17% | added |
| 5 | MSFT MICROSOFT CORP | Technology | 7.3% | $18.1m | 35,000 | 0% | held |
| 6 | BTI BRITISH AMERN TOB PLC | Consumer Defensive | 6.6% | $16.5m | 310,000 | -11% | reduced |
| 7 | STRL STERLING INFRASTRUCTURE INC | Industrials | 5.8% | $14.3m | 42,000 | -16% | reduced |
| 8 | AMRZ AMRIZE LTD | Basic Materials | 5.3% | $13.1m | 270,000 | 170% | added |
| 9 | HAS HASBRO INC | Consumer Cyclical | 4.3% | $10.6m | 140,000 | -32% | reduced |
| 10 | WD WALKER & DUNLOP INC | Financial Services | 4.1% | $10.0m | 120,000 | 3% | added |
| 11 | AZO AUTOZONE INC | Consumer Cyclical | 3.2% | $7.9m | 1,850 | 0% | held |
| 12 | MAA MID-AMER APT CMNTYS INC | Real Estate | 3.1% | $7.7m | 55,000 | -27% | reduced |
| 13 | EGY VAALCO ENERGY INC | Energy | 3.1% | $7.6m | 1,900,000 | -5% | reduced |
| 14 | PGNY PROGYNY INC | Healthcare | 3.0% | $7.5m | 350,000 | 52% | added |
| 15 | LOPE GRAND CANYON ED INC | Consumer Defensive | 2.7% | $6.6m | 30,000 | -25% | reduced |
| 16 | GRBK GREEN BRICK PARTNERS INC | 2.1% | $5.2m | 70,000 | -12% | reduced | |
| 17 | BLD* TOPBUILD CORP | 1.3% | $3.1m | 8,000 | 0% | held | |
| 18 | OPRA OPERA LTD | Communication Services | 1.1% | $2.7m | 130,000 | – | 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.