Harspring Capital Management, LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Harspring Capital Management, LLC maintained a portfolio of 15 distinct positions. They heavily accumulated shares in Cogent Communication, increasing their position by 60.3%. Conversely, Harspring Capital Management, LLC completely exited their position in THRYV HLDGS INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
15
Quarter
2025 Q4
Top Holding
ENVA (13.1%)
Top 10 Concentration
89.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-15 of 15
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
ENVA
Enova Internati...
Financial Services 13.15% 9.94% #1 4
Prev: #5
7.0 no change no change
P
S
225,500 $35,448,600 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DAR
Darling Ingredi...
Consumer Defensive 12.22% 10.81% #2 1
Prev: #3
6.5 no change no change
P
S
915,000 $32,940,000 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CCOI
Cogent Communic...
Communication Services 11.22% 12.85% #3 2
Prev: #1
8.0 527,500 60.3%
P
S
1,402,500 $30,237,900 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
META
Meta Platforms,...
Communication Services 10.89% 12.51% #4 2
Prev: #2
5.5 no change no change
P
S
44,500 $29,374,005 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
Amazon.com, Inc...
Consumer Cyclical 10.63% 10.44% #5 1
Prev: #4
5.5 no change no change
P
S
124,200 $28,667,844 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
Alphabet Inc.
Communication Services 7.87% 6.31% #6 3
Prev: #9
4.1 no change no change
P
S
67,650 $21,228,570 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TPB
Turning Point B...
Consumer Defensive 7.30% 6.87% #7
Prev: #7
3.9 no change no change
P
S
181,500 $19,674,600 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LC
LendingClub Cor...
Financial Services 6.04% 5.00% #8 2
Prev: #10
3.4 no change no change
P
S
860,000 $16,288,400 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NWSA
News Corporatio...
Communication Services 5.83% 7.31% #9 3
Prev: #6
2.8 -20,000 -3.2%
P
S
601,500 $15,711,180 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IAC
IAC Inc.
Communication Services 4.57% 6.39% #10 2
Prev: #8
1.8 -175,000 -35.7%
P
S
315,000 $12,316,500 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RUSHA
Rush Enterprise...
Consumer Cyclical 4.50% 4.61% #11
Prev: #11
2.8 no change no change
P
S
225,000 $12,136,500 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UHAL/B
U-Haul Holding ...
Industrials 3.21% 3.60% #12
Prev: #12
2.3 no change no change
P
S
185,000 $8,646,900 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DIBS
1stdibs.Com, In...
Communication Services 1.47% 0.60% #13 2
Prev: #15
2.6 50,000 8.2%
P
S
660,000 $3,953,400 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LGIH
LGI Homes, Inc.
Consumer Cyclical 1.11% 1.38% #14
Prev: #14
1.4 no change no change
P
S
69,500 $2,985,720 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
THRY
THRYV HLDGS INC
Technology 0.00% 1.39%
Sold All 😨
(Was: #13)
0.0 -300,000 -100.0%
CLOSED
$— 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-15 of 15 holdings

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