Harspring Capital Management, LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Harspring Capital Management, LLC disclosed 14 US equity positions worth $269.6m in its Q4 2025 13F filing. The largest position was ENVA at 13.1% of the reported book, followed by DAR and CCOI. Against the Q3 2025 filing, it opened 0 new positions, added to 2 and reduced 2 among the top 14 holdings.
What did Harspring Capital Management, LLC own in Q4 2025? Top 14 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ENVA Enova International, Inc. | Financial Services | 13.1% | $35.4m | 225,500 | 0% | held |
| 2 | DAR Darling Ingredients Inc. | Consumer Defensive | 12.2% | $32.9m | 915,000 | 0% | held |
| 3 | CCOI Cogent Communications Holdings, Inc. | Communication Services | 11.2% | $30.2m | 1,402,500 | 60% | added |
| 4 | META Meta Platforms, Inc. | Communication Services | 10.9% | $29.4m | 44,500 | 0% | held |
| 5 | AMZN Amazon.com, Inc. | Consumer Cyclical | 10.6% | $28.7m | 124,200 | 0% | held |
| 6 | GOOG Alphabet Inc. | Communication Services | 7.9% | $21.2m | 67,650 | 0% | held |
| 7 | TPB Turning Point Brands, Inc. | Consumer Defensive | 7.3% | $19.7m | 181,500 | 0% | held |
| 8 | HAPN LendingClub Corporation | Financial Services | 6.0% | $16.3m | 860,000 | 0% | held |
| 9 | NWSA News Corporation | Communication Services | 5.8% | $15.7m | 601,500 | -3% | reduced |
| 10 | PPLI IAC Inc. | Communication Services | 4.6% | $12.3m | 315,000 | -36% | reduced |
| 11 | RUSHA Rush Enterprises, Inc. | Consumer Cyclical | 4.5% | $12.1m | 225,000 | 0% | held |
| 12 | UHAL/B U-Haul Holding Company | 3.2% | $8.6m | 185,000 | 0% | held | |
| 13 | DIBS 1stdibs.Com, Inc. | 1.5% | $4.0m | 660,000 | 8% | added | |
| 14 | LGIH LGI Homes, Inc. | Consumer Cyclical | 1.1% | $3.0m | 69,500 | 0% | held |
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.