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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
+7.35%
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
$135M
AUM Growth
+$1.35M
(+1%)
Cap. Flow
-$5.69M
Cap. Flow
% of AUM
-4.21%
Top 10 Holdings %
Top 10 Hldgs %
89.11%
Holding
27
New
4
Increased
4
Reduced
3
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
The Joint Corp
JYNT
|
+$9.72M |
| 2 |
MDR
McDermott International
MDR
|
+$2.58M |
| 3 |
BBQ
BBQ Holdings, Inc. Common Stock
BBQ
|
+$2.21M |
| 4 |
MAMS
MAM Software Group Inc. New
MAMS
|
+$1.69M |
| 5 |
Ameresco
AMRC
|
+$358K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CBI
Chicago Bridge & Iron Nv
CBI
|
+$4.28M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$3.3M |
| 3 |
PG&E
PCG
|
+$3.19M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$2.3M |
| 5 |
Goldman Sachs
GS
|
+$2.29M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30% |
| 2 | Energy | 23.65% |
| 3 | Communication Services | 15.57% |
| 4 | Healthcare | 10.87% |
| 5 | Real Estate | 8.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Star Group
SGU
$431M
| $31.9M | 23.65% |
3,258,043
-69,644
| -2% | -$670K |
|
2
Tandy Leather Factory
TLF
$19.1M
| $22.3M | 16.51% |
2,857,936
| – | – |
|
|
3
Alphabet (Google) Class A
GOOGL
$4.33T
| $13.6M | 10.04% |
240,000
-42,200
| -15% | -$2.3M |
|
|
VWTR
4
DELISTED
Vidler Water Resouces, Inc. Common Stock
VWTR
| $11.3M | 8.35% |
968,244
+1,192
| +0.1% | +$13.6K |
|
|
5
The Joint Corp
JYNT
$129M
| $10.7M | 7.9% |
+1,304,301
| New | +$9.72M |
|
|
BBQ
6
DELISTED
BBQ Holdings, Inc. Common Stock
BBQ
| $9.75M | 7.22% |
1,444,479
+302,375
| +26% | +$2.21M |
|
|
7
Alphabet (Google) Class C
GOOG
$4.32T
| $7.47M | 5.54% |
134,000
-61,140
| -31% | -$3.3M |
|
|
8
Ameresco
AMRC
$1.25B
| $4.8M | 3.56% |
400,000
+30,076
| +8% | +$358K |
|
|
JMBA
9
DELISTED
Jamba, Inc.
JMBA
| $4.56M | 3.38% |
428,263
+4,801
| +1% | +$46.1K |
|
|
CDMO
10
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $4M | 2.97% |
1,021,800
| – | – |
|
|
LUB
11
DELISTED
Luby's Inc.
LUB
| $3.9M | 2.89% |
1,504,459
| – | – |
|
12
PUT
MiMedx Group
MDXG
$660M
| $2.88M | 2.13% |
+450,000
| New | +$3.2M |
|
|
MDR
13
DELISTED
McDermott International
MDR
| $2.5M | 1.85% |
+127,274
| New | +$2.58M |
|
|
RBCN
14
DELISTED
Rubicon Technology, Inc.
RBCN
| $2.04M | 1.51% |
258,256
| – | – |
|
|
MAMS
15
DELISTED
MAM Software Group Inc. New
MAMS
| $1.75M | 1.3% |
+203,625
| New | +$1.69M |
|
|
COOP
16
DELISTED
Mr. Cooper
COOP
| $1.64M | 1.22% |
102,078
| – | – |
|
17
Bank of America
BAC
$432B
| – | – |
-25,000
| Closed | -$750K |
|
|
BNY
18
Bank of New York Mellon
BNY
$110B
| – | – |
-28,000
| Closed | -$1.44M |
|
19
Citigroup
C
$221B
| – | – |
-10,100
| Closed | -$682K |
|
|
20
Goldman Sachs
GS
$323B
| – | – |
-9,100
| Closed | -$2.29M |
|
21
JPMorgan Chase
JPM
$912B
| – | – |
-7,068
| Closed | -$777K |
|
22
Morgan Stanley
MS
$343B
| – | – |
-28,000
| Closed | -$1.51M |
|
|
23
PG&E
PCG
$38.6B
| – | – |
-72,500
| Closed | -$3.19M |
|
24
Wells Fargo
WFC
$267B
| – | – |
-12,400
| Closed | -$650K |
|
|
DHXM
25
DELISTED
DHX Media Ltd. Common Voting and Variable Voting Shares
DHXM
| – | – |
-575,000
| Closed | -$1.71M |
|
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Bandera Partners's Q2 2018 Portfolio in Review
As of Q2 2018, Bandera Partners held 27 positions worth $135M, up 1% from $134M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Bandera Partners withdrew a net $5.69M in Q2 2018, closing 11 positions and reducing 3 holdings. Its most notable exit was Chicago Bridge & Iron Nv, an estimated $4.28M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, up from 29% a quarter earlier, followed by Energy and Communication Services.
Against the trend, Bandera Partners opened a new position in The Joint Corp worth $10.7M.
- Bandera Partners's largest Q2 2018 buy was The Joint Corp: 1,304,301 shares worth $10.7M.
- Bandera Partners added most to BBQ Holdings, Inc. Common Stock in Q2 2018, an estimated $2.21M increase.
- Bandera Partners's biggest Q2 2018 reduction was Alphabet (Google) Class C, cutting an estimated $3.3M.
- Bandera Partners fully exited Chicago Bridge & Iron Nv in Q2 2018, selling an estimated $4.28M.
- Bandera Partners's ten largest holdings make up 89% of its $135M portfolio in Q2 2018.
- Bandera Partners opened 4 new positions and closed 11 in Q2 2018.
- Bandera Partners's portfolio value rose 1% quarter-over-quarter to $135M.
Based on Bandera Partners's 13F filing for Q2 2018, filed 10 Aug 2018.