First Sabrepoint Capital Management LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
First Sabrepoint Capital Management LP disclosed 24 US equity positions worth $243.2m in its Q4 2025 13F filing. The largest position was TPB at 17.8% of the reported book, followed by FCFS and LAUR. Against the Q3 2025 filing, it opened 9 new positions, added to 2 and reduced 11 among the top 24 holdings.
What did First Sabrepoint Capital Management LP own in Q4 2025? Top 24 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TPB TURNING PT BRANDS INC | Consumer Defensive | 17.8% | $43.4m | 400,000 | 0% | held |
| 2 | FCFS FIRSTCASH HOLDINGS INC | Financial Services | 12.8% | $31.1m | 195,000 | -3% | reduced |
| 3 | LAUR LAUREATE EDUCATION INC | Consumer Defensive | 6.9% | $16.8m | 500,000 | -38% | reduced |
| 4 | CVCO CAVCO INDS INC DEL | Consumer Cyclical | 6.6% | $15.9m | 27,000 | -23% | reduced |
| 5 | CVSA ADTALEM GLOBAL ED INC | Consumer Defensive | 5.7% | $14.0m | 135,000 | – | new |
| 6 | MSFT MICROSOFT CORP | Technology | 5.0% | $12.1m | 25,000 | -29% | reduced |
| 7 | AMRZ AMRIZE LTD | Basic Materials | 4.4% | $10.8m | 200,000 | -26% | reduced |
| 8 | AZO AUTOZONE INC | Consumer Cyclical | 4.2% | $10.2m | 3,000 | 62% | added |
| 9 | STRL STERLING INFRASTRUCTURE INC | Industrials | 3.8% | $9.2m | 30,000 | -29% | reduced |
| 10 | BTI BRITISH AMERN TOB PLC | Consumer Defensive | 3.5% | $8.5m | 150,000 | -52% | reduced |
| 11 | LOPE GRAND CANYON ED INC | Consumer Defensive | 3.4% | $8.3m | 50,000 | 67% | added |
| 12 | AGM FEDERAL AGRIC MTG CORP | Financial Services | 3.2% | $7.8m | 44,500 | – | new |
| 13 | HAS HASBRO INC | Consumer Cyclical | 3.2% | $7.8m | 94,765 | -32% | reduced |
| 14 | NPKI NPK INTERNATIONAL INC | Industrials | 3.2% | $7.7m | 650,000 | – | new |
| 15 | EEFT EURONET WORLDWIDE INC | Technology | 3.2% | $7.7m | 101,155 | – | new |
| 16 | PGNY PROGYNY INC | Healthcare | 2.6% | $6.4m | 250,000 | -29% | reduced |
| 17 | TFIN TRIUMPH FINANCIAL INC | 2.3% | $5.6m | 89,692 | – | new | |
| 18 | EGY VAALCO ENERGY INC | Energy | 2.3% | $5.5m | 1,510,000 | -21% | reduced |
| 19 | GBANK FINL HLDGS INC | 1.5% | $3.7m | 110,000 | – | new | |
| 20 | BLD* TOPBUILD CORP | 1.4% | $3.3m | 8,000 | 0% | held | |
| 21 | BTU PEABODY ENERGY CORP | Energy | 1.2% | $3.0m | 100,000 | – | new |
| 22 | WD WALKER & DUNLOP INC | Financial Services | 0.7% | $1.8m | 30,000 | -75% | reduced |
| 23 | COOK TRAEGER INC | 0.5% | $1.3m | 1,219,575 | – | new | |
| 24 | TH TARGET HOSPITALITY CORP | Industrials | 0.5% | $1.2m | 150,000 | – | 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.