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Bandera Partners Portfolio holdings
AUM
$221M
1-Year Est. Return
10.51%
This Fund
S&P 500
This Quarter
Est. Return
-5.9%
1 Year Est. Return
+10.51%
3 Year Est. Return
+27.58%
5 Year Est. Return
+54.74%
10 Year Est. Return
+455.77%
AUM
$104M
AUM Growth
-$52.1M
(-33%)
Cap. Flow
-$44.5M
Cap. Flow
% of AUM
-42.8%
Top 10 Holdings %
Top 10 Hldgs %
98.53%
Holding
15
New
3
Increased
1
Reduced
4
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRGI
Fiesta Restaurant Group, Inc.
FRGI
|
+$8.18M |
| 2 |
Stellantis
STLA
|
+$2.73M |
| 3 |
RBCN
Rubicon Technology, Inc.
RBCN
|
+$216K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PLKI
Popeyes Louisiana Kitchen, Inc.
PLKI
|
+$30.5M |
| 2 |
Star Group
SGU
|
+$11.6M |
| 3 |
Chipotle Mexican Grill
CMG
|
+$7.55M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$3.95M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$2.71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 44.97% |
| 2 | Energy | 21.27% |
| 3 | Communication Services | 19.27% |
| 4 | Real Estate | 13.01% |
| 5 | Industrials | 0.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Tandy Leather Factory
TLF
$19.5M
| $23.4M | 22.52% |
2,857,936
| – | – |
|
|
2
Star Group
SGU
$430M
| $22.1M | 21.27% |
2,405,882
-1,154,186
| -32% | -$11.6M |
|
|
VWTR
3
DELISTED
Vidler Water Resouces, Inc. Common Stock
VWTR
| $13.5M | 13.01% |
967,052
| – | – |
|
|
4
Alphabet (Google) Class A
GOOGL
$4.23T
| $12M | 11.5% |
282,200
-94,000
| -25% | -$3.95M |
|
|
FRGI
5
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $9.61M | 9.24% |
397,239
+323,299
| +437% | +$8.18M |
|
|
6
Alphabet (Google) Class C
GOOG
$4.22T
| $8.09M | 7.78% |
195,140
-66,000
| -25% | -$2.71M |
|
|
LUB
7
DELISTED
Luby's Inc.
LUB
| $5.02M | 4.83% |
1,614,459
-66,208
| -4% | -$238K |
|
|
BBQ
8
DELISTED
BBQ Holdings, Inc. Common Stock
BBQ
| $3.25M | 3.13% |
834,372
| – | – |
|
|
9
Stellantis
STLA
$16.8B
| $2.76M | 2.65% |
+253,717
| New | +$2.73M |
|
|
JMBA
10
DELISTED
Jamba, Inc.
JMBA
| $2.71M | 2.6% |
299,310
| – | – |
|
|
11
CALL
Stellantis
STLA
$16.8B
| $872K | 0.84% |
+80,119
| New | +$862K |
|
|
TST
12
DELISTED
TheStreet, Inc.
TST
| $357K | 0.34% |
46,918
| – | – |
|
|
RBCN
13
DELISTED
Rubicon Technology, Inc.
RBCN
| $304K | 0.29% |
+36,473
| New | +$216K |
|
|
14
Chipotle Mexican Grill
CMG
$44.2B
| – | – |
-1,000,000
| Closed | -$7.55M |
|
|
PLKI
15
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
| – | – |
-503,644
| Closed | -$30.5M |
|
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Bandera Partners's Q1 2017 Portfolio in Review
As of Q1 2017, Bandera Partners held 15 positions worth $104M, down 33% from $156M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Bandera Partners withdrew a net $44.5M in Q1 2017, closing 2 positions and reducing 4 holdings. Its most notable exit was Popeyes Louisiana Kitchen, Inc., an estimated $30.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 45% of assets, down from 50% a quarter earlier, followed by Energy and Communication Services.
Against the trend, Bandera Partners opened a new position in Stellantis worth $2.76M.
- Bandera Partners's largest Q1 2017 buy was Stellantis: 253,717 shares worth $2.76M.
- Bandera Partners added most to Fiesta Restaurant Group, Inc. in Q1 2017, an estimated $8.18M increase.
- Bandera Partners's biggest Q1 2017 reduction was Star Group, cutting an estimated $11.6M.
- Bandera Partners fully exited Popeyes Louisiana Kitchen, Inc. in Q1 2017, selling an estimated $30.5M.
- Bandera Partners's ten largest holdings make up 99% of its $104M portfolio in Q1 2017.
- Bandera Partners opened 3 new positions and closed 2 in Q1 2017.
- Bandera Partners's portfolio value fell 33% quarter-over-quarter to $104M.
Based on Bandera Partners's 13F filing for Q1 2017, filed 12 May 2017.