2026 Q2 Portfolio Activity
In 2026 Q2, FIRST SABREPOINT CAPITAL MANAGEMENT LP maintained a portfolio of 38 distinct positions. The most significant new addition was RUSH ENTERPRISES INC, now representing 1.80% of the total fund value. They heavily accumulated shares in TURNING PT BRANDS INC, increasing the position by 1849.0%. The fund also reduced its exposure to TURNING PT BRANDS INC by 97.2%.
Position History
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Total Positions
38
Quarter
2026 Q2
Top Holding
TPB (13.4%)
Top 10 Concentration
68.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-38 of 38
FIRST SABREPOINT CAPITAL MANAGEMENT LP Full Holdings List — 2026 Q2
| 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 | 13.39% | 12.60% |
#1
Prev: #1
|
8.5 |
—
|
80,000 | 20.0% |
P
S
|
480,000 | $40,708,800 | 2017 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
FCFS
FIRSTCASH HOLDI...
|
Financial Services | 12.24% | 12.08% |
#2
Prev: #2
|
6.0 |
—
|
-5,044 | -2.8% |
P
S
|
172,103 | $37,229,321 | 2023 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
N/A
CALL
TURNING PT BRAN...
|
|
CALL Option | 10.87% | 11.11% |
#3
Prev: #3
|
7.0 |
—
|
36,900 | 10.5% |
P
S
|
389,800 | $33,058,938 | — | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
N/A
CALL
UNITED STS BREN...
|
|
CALL Option | 6.02% | — |
#4
Prev: #—
|
6.4 |
—
|
450,000 | — |
NEW
|
450,000 | $18,310,500 | — | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
STRL
STERLING INFRAS...
|
Industrials | 5.52% | 2.96% |
#5
9
Prev: #14
|
3.7 |
—
|
no change | no change |
P
S
|
20,000 | $16,787,200 | 2023 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
EGY
VAALCO ENERGY I...
|
Energy | 5.51% | 3.22% |
#6
2
Prev: #8
|
5.2 |
—
|
1,900,000 | 135.7% |
P
S
|
3,300,000 | $16,764,000 | 2022 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
TFIN
TRIUMPH FINANCI...
|
Financial Services | 3.89% | 2.40% |
#7
12
Prev: #19
|
4.1 |
—
|
44,341 | 40.1% |
P
S
|
155,000 | $11,828,050 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
CVCO
CAVCO INDS INC ...
|
Consumer Cyclical | 3.74% | 5.81% |
#8
4
Prev: #4
|
1.5 |
—
|
-14,540 | -44.0% |
P
S
|
18,500 | $11,366,030 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
AMRZ
AMRIZE LTD
|
Basic Materials | 3.51% | 3.82% |
#9
4
Prev: #5
|
3.4 |
—
|
12,000 | 6.4% |
P
S
|
200,000 | $10,660,000 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
UCTT
ULTRA CLEAN HLD...
|
Technology | 3.28% | 2.82% |
#10
7
Prev: #17
|
1.3 |
—
|
-55,000 | -44.0% |
P
S
|
70,000 | $9,981,300 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
BTI
BRITISH AMERN T...
|
Consumer Defensive | 3.25% | 3.18% |
#11
2
Prev: #9
|
3.3 |
—
|
10,000 | 6.7% |
P
S
|
160,000 | $9,881,600 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
NPKI
NPK INTERNATION...
|
Energy | 3.14% | 2.89% |
#12
3
Prev: #15
|
3.3 |
—
|
50,000 | 9.1% |
P
S
|
600,000 | $9,546,000 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
LAUR
LAUREATE ED INC
|
Consumer Defensive | 2.97% | 3.14% |
#13
3
Prev: #10
|
1.7 |
—
|
640 | 0.3% |
P
S
|
248,640 | $9,030,605 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
MTDR
MATADOR RES CO
|
Energy | 2.95% | 3.09% |
#14
3
Prev: #11
|
3.7 |
—
|
45,000 | 33.3% |
P
S
|
180,000 | $8,960,400 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
TH
TARGET HOSPITAL...
|
Industrials | 2.81% | 2.03% |
#15
6
Prev: #21
|
1.1 |
—
|
-181,777 | -30.2% |
P
S
|
420,000 | $8,551,200 | 2022 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
N/A
CALL
TRIUMPH FINANCI...
|
|
CALL Option | 2.51% | — |
#16
Prev: #—
|
4.5 |
—
|
100,000 | — |
NEW
|
100,000 | $7,631,000 | — | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
BBW
BUILD-A-BEAR WO...
|
Consumer Cyclical | 2.12% | 2.56% |
#17
1
Prev: #18
|
2.8 |
—
|
22,394 | 11.9% |
P
S
|
210,645 | $6,447,844 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
N/A
CALL
FIRSTCASH HOLDI...
|
|
CALL Option | 2.08% | — |
#18
Prev: #—
|
4.3 |
—
|
29,300 | — |
NEW
|
29,300 | $6,338,176 | — | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
SFM
SPROUTS FMRS MK...
|
Consumer Defensive | 1.81% | 1.82% |
#19
4
Prev: #23
|
1.7 |
—
|
no change | no change |
P
S
|
65,000 | $5,497,700 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
RUSHA
RUSH ENTERPRISE...
|
Consumer Cyclical | 1.80% | — |
#20
Prev: #—
|
4.2 |
—
|
75,000 | — |
NEW
|
75,000 | $5,473,875 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
LWAY
LIFEWAY FOODS I...
|
Consumer Defensive | 1.67% | — |
#21
Prev: #—
|
4.2 |
—
|
170,000 | — |
NEW
|
170,000 | $5,072,800 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
AZO
AUTOZONE INC
|
Consumer Cyclical | 1.58% | 3.06% |
#22
10
Prev: #12
|
0.6 |
—
|
-1,000 | -40.0% |
P
S
|
1,500 | $4,793,910 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
BOOT
BOOT BARN HLDGS...
|
Consumer Cyclical | 1.08% | — |
#23
Prev: #—
|
3.9 |
—
|
20,000 | — |
NEW
|
20,000 | $3,285,400 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
N/A
PUT
ALASKA AIR GROU...
|
|
PUT Option | 0.86% | — |
#24
Prev: #—
|
3.8 |
—
|
50,000 | — |
NEW
|
50,000 | $2,610,000 | — | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
KOS
KOSMOS ENERGY L...
|
Energy | 0.69% | 1.01% |
#25
1
Prev: #26
|
1.3 |
—
|
no change | no change |
P
S
|
1,000,000 | $2,110,000 | 2021 Q3 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
N/A
CALL
UNITED STS OIL ...
|
|
CALL Option | 0.61% | — |
#26
Prev: #—
|
3.7 |
—
|
17,400 | — |
NEW
|
17,400 | $1,852,056 | — | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
N/A
PUT
PROSHARES TR II
|
|
PUT Option | 0.09% | — |
#27
Prev: #—
|
3.5 |
—
|
10,000 | — |
NEW
|
10,000 | $274,400 | — | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
N/A
PUT
PROSHARES TR II
|
|
PUT Option | 0.00% | 0.12% |
Sold All 😨
(Was: #29) |
0.0 |
—
|
-20,000 | -100.0% |
CLOSED
|
— | $— | — | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
GBFH
GBANK FINL HLDG...
|
Financial Services | 0.00% | 0.27% |
Sold All 😨
(Was: #28) |
0.0 |
—
|
-28,302 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
COLD
AMERICOLD REALT...
|
Real Estate | 0.00% | 0.71% |
Sold All 😨
(Was: #27) |
0.0 |
—
|
-171,774 | -100.0% |
CLOSED
|
— | $— | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
BLD
TOPBUILD COR
|
Industrials | 0.00% | 1.02% |
Sold All 😨
(Was: #25) |
0.0 |
—
|
-8,000 | -100.0% |
CLOSED
|
— | $— | 2023 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
PARR
PAR PAC HOLDING...
|
Energy | 0.00% | 1.14% |
Sold All 😨
(Was: #24) |
0.0 |
—
|
-50,000 | -100.0% |
CLOSED
|
— | $— | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
VSNT
VERSANT MEDIA G...
|
Communication Services | 0.00% | 2.01% |
Sold All 😨
(Was: #22) |
0.0 |
—
|
-150,000 | -100.0% |
CLOSED
|
— | $— | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
ENTG
ENTEGRIS INC
|
Technology | 0.00% | 2.34% |
Sold All 😨
(Was: #20) |
0.0 |
—
|
-55,000 | -100.0% |
CLOSED
|
— | $— | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
ICHR
ICHOR HOLDINGS
|
Technology | 0.00% | 2.88% |
Sold All 😨
(Was: #16) |
0.0 |
—
|
-170,000 | -100.0% |
CLOSED
|
— | $— | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
BTU
PEABODY ENGR CO...
|
Energy | 0.00% | 2.99% |
Sold All 😨
(Was: #13) |
0.0 |
—
|
-250,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
ATGE
COVISTA INC
|
Consumer Defensive | 0.00% | 3.35% |
Sold All 😨
(Was: #7) |
0.0 |
—
|
-80,000 | -100.0% |
CLOSED
|
— | $— | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
LOPE
GRAND CANYON ED...
|
Consumer Defensive | 0.00% | 3.58% |
Sold All 😨
(Was: #6) |
0.0 |
—
|
-58,000 | -100.0% |
CLOSED
|
— | $— | 2017 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 |
Showing 1-38 of 38 holdings