2026 Q1 Portfolio Activity
In 2026 Q1, FIRST SABREPOINT CAPITAL MANAGEMENT LP maintained a portfolio of 40 distinct positions. The most significant new addition was MATADOR RES CO, now representing 3.09% of the total fund value. They heavily accumulated shares in TURNING PT BRANDS INC, increasing the position by 605.8%. Conversely, FIRST SABREPOINT CAPITAL MANAGEMENT LP completely exited their position in MICROSOFT CORP.
Position History
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Total Positions
40
Quarter
2026 Q1
Top Holding
TPB (12.6%)
Top 10 Concentration
61.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-40 of 40
FIRST SABREPOINT CAPITAL MANAGEMENT LP Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
TPB
TURNING PT BRAN...
|
Consumer Defensive | 12.60% | 16.73% |
#1
Prev: #1
|
7.0 | no change | no change |
P
S
|
400,000 | $34,716,000 | 2017 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FCFS
FIRSTCASH HOLDI...
|
Financial Services | 12.08% | 11.99% |
#2
Prev: #2
|
6.0 | -17,853 | -9.2% |
P
S
|
177,147 | $33,303,636 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
CALL
TURNING PT BRAN...
|
|
CALL Option | 11.11% | 3.64% |
#3
6
Prev: #9
|
8.0 | 265,900 | 305.6% |
P
S
|
352,900 | $30,628,191 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
CVCO
CAVCO INDS INC ...
|
Consumer Cyclical | 5.81% | 6.15% |
#4
Prev: #4
|
5.3 | 6,040 | 22.4% |
P
S
|
33,040 | $16,000,942 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AMRZ
AMRIZE LTD
|
Basic Materials | 3.82% | 4.17% |
#5
2
Prev: #7
|
2.5 | -12,000 | -6.0% |
P
S
|
188,000 | $10,531,760 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LOPE
GRAND CANYON ED...
|
Consumer Defensive | 3.58% | 3.21% |
#6
6
Prev: #12
|
3.4 | 8,000 | 16.0% |
P
S
|
58,000 | $9,861,740 | 2017 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ATGE
COVISTA INC
|
Consumer Defensive | 3.35% | 5.39% |
#7
2
Prev: #5
|
1.3 | -55,000 | -40.7% |
P
S
|
80,000 | $9,220,000 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EGY
VAALCO ENERGY I...
|
Energy | 3.22% | 2.12% |
#8
11
Prev: #19
|
1.8 | -110,000 | -7.3% |
P
S
|
1,400,000 | $8,876,000 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BTI
BRITISH AMERN T...
|
Consumer Defensive | 3.18% | 3.28% |
#9
2
Prev: #11
|
2.3 | no change | no change |
P
S
|
150,000 | $8,770,500 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LAUR
LAUREATE ED INC
|
Consumer Defensive | 3.14% | 6.50% |
#10
7
Prev: #3
|
1.3 | -252,000 | -50.4% |
P
S
|
248,000 | $8,640,320 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MTDR
MATADOR RES CO
|
Energy | 3.09% | — |
#11
Prev: #—
|
4.7 | 135,000 | — |
NEW
|
135,000 | $8,529,300 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AZO
AUTOZONE INC
|
Consumer Cyclical | 3.06% | 3.93% |
#12
4
Prev: #8
|
1.7 | -500 | -16.7% |
P
S
|
2,500 | $8,444,450 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BTU
PEABODY ENGR CO...
|
Energy | 2.99% | 1.15% |
#13
9
Prev: #22
|
4.2 | 150,000 | 150.0% |
P
S
|
250,000 | $8,237,500 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
STRL
STERLING INFRAS...
|
Industrials | 2.96% | 3.55% |
#14
4
Prev: #10
|
1.2 | -10,000 | -33.3% |
P
S
|
20,000 | $8,145,400 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NPKI
NPK INTERNATION...
|
Energy | 2.89% | 2.99% |
#15
Prev: #15
|
1.7 | -100,000 | -15.4% |
P
S
|
550,000 | $7,969,500 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ICHR
ICHOR HOLDINGS
|
Technology | 2.88% | — |
#16
Prev: #—
|
4.7 | 170,000 | — |
NEW
|
170,000 | $7,923,700 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UCTT
ULTRA CLEAN HLD...
|
Technology | 2.82% | — |
#17
Prev: #—
|
4.6 | 125,000 | — |
NEW
|
125,000 | $7,772,500 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BBW
BUILD-A-BEAR WO...
|
Consumer Cyclical | 2.56% | — |
#18
Prev: #—
|
4.5 | 188,251 | — |
NEW
|
188,251 | $7,050,000 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TFIN
TRIUMPH FINANCI...
|
Financial Services | 2.40% | 2.17% |
#19
1
Prev: #18
|
3.5 | 20,967 | 23.4% |
P
S
|
110,659 | $6,601,916 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ENTG
ENTEGRIS INC
|
Technology | 2.34% | — |
#20
Prev: #—
|
4.4 | 55,000 | — |
NEW
|
55,000 | $6,448,200 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TH
TARGET HOSPITAL...
|
Industrials | 2.03% | 0.46% |
#21
7
Prev: #28
|
3.8 | 451,777 | 301.2% |
P
S
|
601,777 | $5,584,491 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VSNT
VERSANT MEDIA G...
|
Communication Services | 2.01% | — |
#22
Prev: #—
|
4.3 | 150,000 | — |
NEW
|
150,000 | $5,553,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SFM
SPROUTS FMRS MK...
|
Consumer Defensive | 1.82% | — |
#23
Prev: #—
|
4.2 | 65,000 | — |
NEW
|
65,000 | $5,013,450 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PARR
PAR PAC HOLDING...
|
Energy | 1.14% | — |
#24
Prev: #—
|
4.0 | 50,000 | — |
NEW
|
50,000 | $3,132,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BLD
TOPBUILD COR
|
Industrials | 1.02% | 1.29% |
#25
4
Prev: #21
|
1.4 | no change | no change |
P
S
|
8,000 | $2,810,400 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
KOS
KOSMOS ENERGY L...
|
Energy | 1.01% | — |
#26
Prev: #—
|
3.9 | 1,000,000 | — |
NEW
|
1,000,000 | $2,780,000 | 2021 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
COLD
AMERICOLD REALT...
|
Real Estate | 0.71% | — |
#27
Prev: #—
|
3.8 | 171,774 | — |
NEW
|
171,774 | $1,968,530 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GBFH
GBANK FINL HLDG...
|
Financial Services | 0.27% | 1.44% |
#28
8
Prev: #20
|
0.1 | -81,698 | -74.3% |
P
S
|
28,302 | $757,362 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
PUT
PROSHARES TR II
|
|
PUT Option | 0.12% | — |
#29
Prev: #—
|
3.5 | 20,000 | — |
NEW
|
20,000 | $322,400 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
N/A
PUT
UNUSUAL MACHS I...
|
|
PUT Option | 0.00% | 0.25% |
Sold All 😨
(Was: #29) |
0.0 | -50,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
COOK
TRAEGER INC
|
Consumer Cyclical | 0.00% | 0.51% |
Sold All 😨
(Was: #27) |
0.0 | -1,219,575 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
PUT
AMPRIUS TECHNOL...
|
|
PUT Option | 0.00% | 0.55% |
Sold All 😨
(Was: #26) |
0.0 | -180,600 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
WD
WALKER & DUNLOP...
|
Financial Services | 0.00% | 0.70% |
Sold All 😨
(Was: #25) |
0.0 | -30,000 | -100.0% |
CLOSED
|
— | $— | 2019 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
PUT
AST SPACEMOBILE...
|
|
PUT Option | 0.00% | 0.84% |
Sold All 😨
(Was: #24) |
0.0 | -30,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
N/A
CALL
EURONET WORLDWI...
|
|
CALL Option | 0.00% | 0.88% |
Sold All 😨
(Was: #23) |
0.0 | -30,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
PGNY
PROGYNY INC
|
Healthcare | 0.00% | 2.48% |
Sold All 😨
(Was: #17) |
0.0 | -250,000 | -100.0% |
CLOSED
|
— | $— | 2020 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EEFT
EURONET WORLDWI...
|
Technology | 0.00% | 2.97% |
Sold All 😨
(Was: #16) |
0.0 | -101,155 | -100.0% |
CLOSED
|
— | $— | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HAS
HASBRO INC
|
Consumer Cyclical | 0.00% | 3.00% |
Sold All 😨
(Was: #14) |
0.0 | -94,765 | -100.0% |
CLOSED
|
— | $— | 2019 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AGM
FEDERAL AGRIC M...
|
Financial Services | 0.00% | 3.01% |
Sold All 😨
(Was: #13) |
0.0 | -44,500 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 0.00% | 4.67% |
Sold All 😨
(Was: #6) |
0.0 | -25,000 | -100.0% |
CLOSED
|
— | $— | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-40 of 40 holdings