GARNET EQUITY CAPITAL HOLDINGS, INC. HNRG — HALLADOR ENERGY COMPANY

Ownership history in GARNET EQUITY CAPITAL HOLDINGS, INC.  ·  9 quarters on record

AI Ownership Summary

GARNET EQUITY CAPITAL HOLDINGS, INC. reported HALLADOR ENERGY COMPANY (HNRG) in 9 quarterly 13F filings from 2025 Q1 through 2026 Q2. Peak portfolio weight reached 2.18% in 2025 Q3. The latest visible filing shows HNRG at 2.08% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this HNRG ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was GARNET EQUITY CAPITAL HOLDINGS, INC.'s position in HALLADOR ENERGY COMPANY, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q2

HNRG was reported at 2.08% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
2.18% in 2025 Q3

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2025 Q1 to 2026 Q2

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

HNRG stock page GARNET EQUITY CAPITAL HOLDINGS, INC. fund profile GARNET EQUITY CAPITAL HOLDINGS, INC. full holdings
How GARNET EQUITY CAPITAL HOLDINGS, INC. held HNRG — position size vs. price
% of Fund (quarterly)    HNRG price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 9 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q2 ADDED — — — 633,895 +201,421 +46.6% 2.08% $11.0M 2026-08-14 $16.16
2026 Q1 ADDED — — — 432,474 +74,634 +20.9% 1.10% $7.0M 2026-05-15 $18.15
2025 Q4 ADDED — — — 357,840 +57,940 +19.3% 0.89% $6.8M 2026-02-17 $18.96
2025 Q3 ADDED — — — 299,900 +49,900 +20.0% 2.18% $5.9M 2025-11-14 $20.34
2025 Q3 REDUCED 26.4% -1.4% ✅ 250,000 -89,825 -26.4% 1.82% $4.9M 2025-11-14 $20.34
2025 Q2 ADDED — — — 339,825 +89,825 +35.9% 1.27% $5.4M 2025-08-08 $21.22
2025 Q2 REDUCED 19.5% +22.3% ❌ 250,000 -60,393 -19.5% 0.94% $4.0M 2025-08-08 $21.22
2025 Q1 ADDED — — — 310,393 +593 +0.2% 0.39% $3.8M 2025-05-15 $18.89
2025 Q1 INITIATED — — — 309,800 — — 0.39% $3.8M 2025-05-15 $18.89

🏢 Other funds also holding HNRG

As of 2026 Q2 — sorted by position size

Lubar & Co., Inc 3Y 7Y 74.99% Dayah Capital LLC 5.2% AEGIS FINANCIAL CORP 3Y 7Y 4.98% HIGHLAND PEAK CAPITAL, LLC 3Y 4.79% Tyro Capital Management LLC 2.87% Dayah Capital LLC 2.78% Beartown Capital Management, LLC 1.53% GeoSphere Capital Management, LLC 3Y 7Y 0.85% Nokomis Capital, L.L.C. 3Y 7Y 0.79% VARCOV Co. 0.47%

FAQ About GARNET EQUITY CAPITAL HOLDINGS, INC. and HNRG

These are the practical questions this page is built to answer before you even open the full history table.

How long has GARNET EQUITY CAPITAL HOLDINGS, INC. reported owning HNRG?

GARNET EQUITY CAPITAL HOLDINGS, INC. reported HNRG across 9 quarterly 13F filings, from 2025 Q1 through 2026 Q2.

What was the largest reported HNRG position in GARNET EQUITY CAPITAL HOLDINGS, INC.'s portfolio?

The largest reported portfolio weight for HNRG was 2.18% in 2025 Q3.

What is the latest reported HNRG position on this page?

The most recent filing on this page is 2026 Q2, when GARNET EQUITY CAPITAL HOLDINGS, INC. reported 633,895 shares, equal to 2.08% of portfolio, with an estimated market value of $11.0M.

What does the chart on this HNRG ownership page compare?

The chart compares GARNET EQUITY CAPITAL HOLDINGS, INC.'s quarterly HNRG portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did GARNET EQUITY CAPITAL HOLDINGS, INC. time their HNRG position?

Based on 13F filing dates vs. subsequent HNRG price moves, GARNET EQUITY CAPITAL HOLDINGS, INC. correctly timed 3 out of 8 reported position changes (38%). The annualised alpha on HNRG relative to SPY over the holding period was -29.9%.

← Back to GARNET EQUITY CAPITAL HOLDINGS, INC. Holdings