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Western Standard LLC: 13F holdings, Q2 2026

Hedge fund · SEC EDGAR filings (CIK 1517666) · Explore on the interactive board

Western Standard LLC disclosed 27 US equity positions worth $295.3m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 10, 2026). Its largest position is GDOT at 14.8% of the reported book, followed by GLASS HOUSE BRANDS INC, CODI. The top ten holdings are 75.8% of the book, and the portfolio behaves like about 13 equal-weight positions. Versus the prior filing it opened 18 new positions, added to 4, reduced 4 and exited 14. 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.

This manager's most recent filing is 3934 quarter(s) behind the newest quarter on file. Treat these figures as history, not current positioning.
$295.3mreported US equity book
27positions
14.8%largest position
75.8%top 10 weight
13.33effective positions (1/HHI)
2quarters on file since Q1 2026

What does Western Standard LLC 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: 18 new, 4 added, 4 reduced, 14 exited.

#StockSectorWeightValueSharesΔ sharesAction
1 GDOT GREEN DOT CORP Financial Services 14.8%$43.8m3,240,114 -9% reduced
2 GLASS HOUSE BRANDS INC 11.9%$35.0m2,728,768 new
3 CODI COMPASS DIVERSIFIED 9.6%$28.3m2,651,950 -15% reduced
4 ABVX ABIVAX SA Healthcare 9.0%$26.7m200,000 new
5 AVTR AVANTOR INC Healthcare 7.1%$20.9m2,109,984 new
6 IOSP INNOSPEC INC Basic Materials 6.5%$19.3m236,833 4% added
7 EA ELECTRONIC ARTS INC Communication Services 6.1%$18.0m87,900 new
8 OSG OCTAVE SPECIALTY GROUP INC Financial Services 4.8%$14.0m2,247,591 0% held
9 AHRT AH RLTY TR INC Real Estate 3.1%$9.2m1,295,429 new
10 STGW STAGWELL INC 2.9%$8.7m1,167,276 new
11 BOBS BOBS DISC FURNITURE INC 2.7%$8.0m502,997 new
12 FRPT FRESHPET INC Consumer Defensive 2.5%$7.5m127,300 76% added
13 CWCO CONSOLIDATED WATER CO INC Utilities 2.5%$7.4m252,056 new
14 AVNW AVIAT NETWORKS INC 2.3%$6.7m301,028 -28% reduced
15 FWRG FIRST WATCH RESTAURANT GROUP Consumer Cyclical 2.2%$6.6m513,240 new
16 COO COOPER COS INC Healthcare 1.8%$5.2m72,900 new
17 ANGO ANGIODYNAMICS INC Healthcare 1.7%$5.0m387,188 new
18 EZPW EZCORP INC Financial Services 1.7%$4.9m140,979 -30% reduced
19 INBX INHIBRX BIOSCIENCES INC Healthcare 1.5%$4.5m47,000 new
20 FFBC 1ST FINL BANCORP Financial Services 1.0%$3.0m88,357 4% added
21 ABUS ARBUTUS BIOPHARMA CORP Healthcare 0.9%$2.6m542,787 4% added
22 GENI GENIUS SPORTS LIMITED Communication Services 0.8%$2.4m400,000 new
23 MELI MERCADOLIBRE INC Consumer Cyclical 0.8%$2.4m1,400 new
24 CHWY CHEWY INC Consumer Cyclical 0.7%$2.2m111,229 new
25 OLLI OLLIES BARGAIN OUTLET HLDGS Consumer Defensive 0.7%$2.2m28,000 new
26 RRGB RED ROBIN GOURMET BURGERS IN Consumer Cyclical 0.2%$706.5k88,418 new
27 HLLY HOLLEY INC 0.1%$236.9k92,896 new

What did Western Standard LLC sell? Positions exited since the previous filing

StockPrior weightPrior value
TFX TELEFLEX INCORPORATED29.4%$22.1m
ANGI ANGI INC11.1%$8.3m
AIV APARTMENT INVT & MGMT CO8.8%$6.6m
YETI YETI HLDGS INC7.9%$5.9m
FIVE FIVE BELOW INC7.1%$5.3m
DAVE DAVE INC7.0%$5.2m
INVESCO DB US DLR INDEX TR6.9%$5.2m
WULF TERAWULF INC5.3%$4.0m
HNRG HALLADOR ENERGY COMPANY5.0%$3.7m
NSP INSPERITY INC4.0%$3.0m
WEAV WEAVE COMMUNICATIONS INC3.2%$2.4m
CWH CAMPING WORLD HLDGS INC2.8%$2.1m
HAIN HAIN CELESTIAL GROUP INC1.5%$1.1m
ATEC ALPHATEC HLDGS INC0.3%$244.7k

Sector mix

SectorWeight
Financial Services22.2%
Healthcare22.0%
Communication Services6.9%
Basic Materials6.5%
Consumer Cyclical4.0%
Consumer Defensive3.3%

Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.

Filing history

QuarterPositionsEquity value
Q2 202627$295.3m
Q1 202623$190.2m

How concentrated is Western Standard LLC's portfolio?

Across every quarter Western Standard LLC has filed, its median largest position is 17.9% of the book and its median top-ten weight is 77.1%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 14.0 completed holding spells, the median lasted 1.0 quarters; 27.0 positions are still open and their final length is unknown.