Whitebark Investors LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Whitebark Investors LP maintained a portfolio of 11 distinct positions. The most significant new addition to the portfolio was SHENANDOAH TELECOMMU, which now represents 2.95% of the total fund value. They heavily accumulated shares in COUPANG INC, increasing their position by 13.9%. Conversely, Whitebark Investors LP completely exited their position in THERMO FISHER SCIENT.
PCA Score Concentration Risk
Risk ENB
Total Positions
11
Quarter
2025 Q4
Top Holding
FLUT (17.5%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-11 of 11
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
FLUT
FLUTTER ENTMT P...
Consumer Cyclical 17.46% 16.91% #1
Prev: #1
6.5 -5,068 -3.6%
P
S
134,766 $28,980,081 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CPNG
COUPANG INC
Consumer Cyclical 14.94% 14.14% #2 1
Prev: #3
7.5 128,565 13.9%
P
S
1,050,996 $24,792,996 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 14.82% 16.31% #3 1
Prev: #2
5.0 -15,280 -23.1%
P
S
50,859 $24,596,430 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GLBE
GLOBAL E ONLINE...
Consumer Cyclical 14.10% 7.66% #4 3
Prev: #7
7.0 145,332 32.3%
P
S
595,432 $23,406,432 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GSHD
GOOSEHEAD INS I...
Financial Services 11.95% 12.01% #5
Prev: #5
4.5 -69,686 -20.6%
P
S
269,322 $19,835,565 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GO
GROCERY OUTLET ...
Consumer Defensive 9.85% 4.97% #6 2
Prev: #8
6.9 969,274 149.1%
P
S
1,619,274 $16,354,667 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BLND
BLEND LABS INC
Technology 9.28% 9.67% #7 1
Prev: #6
4.2 -496,940 -8.9%
P
S
5,069,258 $15,410,544 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
KLARNA GROUP PL...
Unknown 4.66% 1.05% #8 2
Prev: #10
4.9 207,378 345.6%
P
S
267,378 $7,729,898 13F Filing 2025-12-31 2026-02-14 (Est.)
SHEN
SHENANDOAH TELE...
Communication Services 2.95% #9
Prev: #—
4.7 423,063 no change
NEW
423,063 $4,890,608 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TMO
THERMO FISHER S...
Healthcare 0.00% 3.65%
Sold All 😨
(Was: #9)
0.0 -15,800 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TDS
TELEPHONE & DAT...
Communication Services 0.00% 13.62%
Sold All 😨
(Was: #4)
0.0 -729,194 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-11 of 11 holdings

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