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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
-0.67%
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
$239M
AUM Growth
-$15.6M
(-6.1%)
Cap. Flow
-$10.2M
Cap. Flow
% of AUM
-4.28%
Top 10 Holdings %
Top 10 Hldgs %
91.14%
Holding
18
New
1
Increased
2
Reduced
2
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tandy Leather Factory
TLF
|
+$12.3M |
| 2 |
The Joint Corp
JYNT
|
+$4.36M |
| 3 |
Burford Capital
BUR
|
+$2.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BBQ
BBQ Holdings, Inc. Common Stock
BBQ
|
+$14M |
| 2 |
IDT Corp
IDT
|
+$11.8M |
| 3 |
Ameresco
AMRC
|
+$2M |
| 4 |
RBCN
Rubicon Technology, Inc.
RBCN
|
+$1.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 36.59% |
| 2 | Healthcare | 17.03% |
| 3 | Energy | 15.56% |
| 4 | Technology | 15.04% |
| 5 | Industrials | 6.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWTR
1
DELISTED
Twitter, Inc.
TWTR
| $43.5M | 18.23% |
992,000
| – | – |
|
|
2
The Joint Corp
JYNT
$127M
| $37.6M | 15.77% |
2,395,025
+245,025
| +11% | +$4.36M |
|
3
Amkor Technology
AMKR
$15.6B
| $31.2M | 13.06% |
1,827,921
| – | – |
|
4
Star Group
SGU
$430M
| $28.2M | 11.81% |
3,465,117
| – | – |
|
5
Alphabet (Google) Class C
GOOG
$4.22T
| $20.2M | 8.45% |
209,600
| – | – |
|
|
6
Alphabet (Google) Class A
GOOGL
$4.23T
| $16.9M | 7.07% |
176,300
| – | – |
|
|
7
Ameresco
AMRC
$1.22B
| $11.6M | 4.85% |
174,231
-32,492
| -16% | -$2M |
|
|
8
Tandy Leather Factory
TLF
$19.5M
| $10.4M | 4.37% |
+2,857,936
| New | +$12.3M |
|
|
9
Burford Capital
BUR
$859M
| $9.02M | 3.78% |
1,202,619
+247,871
| +26% | +$2.36M |
|
|
EXE
10
Expand Energy Corp
EXE
$21.1B
| $8.95M | 3.75% |
95,000
| – | – |
|
11
Meta Platforms (Facebook)
META
$1.64T
| $6.78M | 2.84% |
50,000
| – | – |
|
|
MIXT
12
DELISTED
MIX TELEMATICS LIMITED
MIXT
| $4.44M | 1.86% |
584,334
| – | – |
|
13
Amazon
AMZN
$2.66T
| $3.39M | 1.42% |
30,000
| – | – |
|
14
HireQuest
HQI
$169M
| $3.25M | 1.36% |
251,847
| – | – |
|
15
Dyadic International
DYAI
$45.9M
| $2.99M | 1.25% |
1,566,908
| – | – |
|
|
RBCN
16
DELISTED
Rubicon Technology, Inc.
RBCN
| $275K | 0.12% |
128,323
-129,933
| -50% | -$1.4M |
|
|
17
IDT Corp
IDT
$1.57B
| – | – |
-470,000
| Closed | -$11.8M |
|
|
BBQ
18
DELISTED
BBQ Holdings, Inc. Common Stock
BBQ
| – | – |
-1,340,901
| Closed | -$14M |
|
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Bandera Partners's Q3 2022 Portfolio in Review
As of Q3 2022, Bandera Partners held 18 positions worth $239M, down 6.1% from $254M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Bandera Partners withdrew a net $10.2M in Q3 2022, closing 2 positions and reducing 2 holdings. Its most notable exit was BBQ Holdings, Inc. Common Stock, an estimated $14M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 37% of assets, down from 39% a quarter earlier, followed by Healthcare and Energy.
Against the trend, Bandera Partners opened a new position in Tandy Leather Factory worth $10.4M.
- Bandera Partners's largest Q3 2022 buy was Tandy Leather Factory: 2,857,936 shares worth $10.4M.
- Bandera Partners added most to The Joint Corp in Q3 2022, an estimated $4.36M increase.
- Bandera Partners's biggest Q3 2022 reduction was Ameresco, cutting an estimated $2M.
- Bandera Partners fully exited BBQ Holdings, Inc. Common Stock in Q3 2022, selling an estimated $14M.
- Bandera Partners's ten largest holdings make up 91% of its $239M portfolio in Q3 2022.
- Bandera Partners opened 1 new position and closed 2 in Q3 2022.
- Bandera Partners's portfolio value fell 6.1% quarter-over-quarter to $239M.
Based on Bandera Partners's 13F filing for Q3 2022, filed 10 Nov 2022.