Western Standard LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Western Standard LLC disclosed 25 US equity positions worth $216.8m in its Q4 2025 13F filing. The largest position was SELECT MED HLDGS CORP at 14.1% of the reported book, followed by ATEC and GDOT. Against the Q3 2025 filing, it opened 13 new positions, added to 5 and reduced 3 among the top 25 holdings.
What did Western Standard LLC own in Q4 2025? Top 25 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SELECT MED HLDGS CORP | 14.1% | $30.7m | 2,064,021 | 96% | added | |
| 2 | ATEC ALPHATEC HLDGS INC | Healthcare | 12.2% | $26.4m | 1,255,374 | 0% | held |
| 3 | GDOT GREEN DOT CORP | Financial Services | 11.7% | $25.3m | 1,977,500 | 197% | added |
| 4 | IOSP INNOSPEC INC | Basic Materials | 9.5% | $20.5m | 268,367 | 894% | added |
| 5 | OSG OCTAVE SPECIALTY GROUP INC | Financial Services | 9.0% | $19.5m | 2,504,627 | -5% | reduced |
| 6 | AVNW AVIAT NETWORKS INC | 4.9% | $10.6m | 494,238 | 84% | added | |
| 7 | AIV APARTMENT INVT & MGMT CO | 4.6% | $10.0m | 1,679,924 | – | new | |
| 8 | BLTE BELITE BIO INC | Healthcare | 4.4% | $9.6m | 60,026 | – | new |
| 9 | NSP INSPERITY INC | Industrials | 3.9% | $8.3m | 215,600 | – | new |
| 10 | EZPW EZCORP INC | Financial Services | 3.6% | $7.8m | 400,000 | -25% | reduced |
| 11 | FIVE FIVE BELOW INC | Consumer Cyclical | 3.5% | $7.6m | 40,600 | 0% | held |
| 12 | CODI COMPASS DIVERSIFIED | 2.6% | $5.6m | 1,165,000 | – | new | |
| 13 | INVESCO DB US DLR INDEX TR | 2.3% | $5.0m | 185,453 | 0% | held | |
| 14 | DRVN DRIVEN BRANDS HLDGS INC | Consumer Cyclical | 2.1% | $4.5m | 303,413 | -56% | reduced |
| 15 | MISTER CAR WASH INC | 2.0% | $4.4m | 797,906 | 3% | added | |
| 16 | NX QUANEX BLDG PRODS CORP | Industrials | 1.9% | $4.2m | 274,338 | – | new |
| 17 | ABUS ARBUTUS BIOPHARMA CORP | Healthcare | 1.1% | $2.4m | 507,853 | 0% | held |
| 18 | GOOGL ALPHABET INC | Communication Services | 1.0% | $2.2m | 7,000 | – | new |
| 19 | FOXF FOX FACTORY HLDG CORP | Consumer Cyclical | 0.9% | $2.1m | 120,000 | – | new |
| 20 | FFBC FIRST FINL BANCORP OH | Financial Services | 0.9% | $1.9m | 75,000 | – | new |
| 21 | SVV SAVERS VALUE VLG INC | 0.9% | $1.9m | 200,000 | – | new | |
| 22 | ANGI ANGI INC | 0.8% | $1.8m | 138,842 | – | new | |
| 23 | UPBD UPBOUND GROUP INC | Technology | 0.8% | $1.8m | 100,000 | – | new |
| 24 | SNCR SYNCHRONOSS TECHNOLOGIES INC | 0.8% | $1.7m | 195,117 | – | new | |
| 25 | LKFT GALAPAGOS NV | Healthcare | 0.5% | $1.0m | 32,000 | – | 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.