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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
+10.94%
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
$257M
AUM Growth
-$45.4M
(-15%)
Cap. Flow
-$61.9M
Cap. Flow
% of AUM
-24.11%
Top 10 Holdings %
Top 10 Hldgs %
86.39%
Holding
21
New
2
Increased
2
Reduced
2
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Macy's
M
|
+$20.8M |
| 2 |
AIOT
PowerFleet Inc
AIOT
|
+$6.31M |
| 3 |
Biote Corp
BTMD
|
+$865K |
| 4 |
Nelnet
NNI
|
+$564K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$49.2M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$29.5M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$8.58M |
| 4 |
AirSculpt Technologies
AIRS
|
+$3.08M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 26% |
| 2 | Energy | 16.74% |
| 3 | Financials | 15.68% |
| 4 | Communication Services | 15.25% |
| 5 | Consumer Discretionary | 13.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
The Joint Corp
JYNT
$124M
| $51.4M | 20.04% |
3,937,296
| – | – |
|
2
Star Group
SGU
$427M
| $34.5M | 13.45% |
3,445,360
| – | – |
|
3
Burford Capital
BUR
$881M
| $28.2M | 11% |
1,767,114
| – | – |
|
4
Match Group
MTCH
$9.11B
| $21.6M | 8.41% |
595,000
| – | – |
|
|
5
Macy's
M
$6.13B
| $21.5M | 8.37% |
+1,074,183
| New | +$20.8M |
|
|
6
Alphabet (Google) Class A
GOOGL
$4.3T
| $17.6M | 6.84% |
116,300
-60,000
| -34% | -$8.58M |
|
7
Tandy Leather Factory
TLF
$19.8M
| $13.3M | 5.18% |
2,857,936
| – | – |
|
|
8
Nelnet
NNI
$4.82B
| $12M | 4.68% |
127,000
+6,417
| +5% | +$564K |
|
|
9
Biote Corp
BTMD
$75.5M
| $11.6M | 4.53% |
2,005,322
+172,590
| +9% | +$865K |
|
|
AIOT
10
PowerFleet Inc
AIOT
$580M
| $9.96M | 3.88% |
+1,864,317
| New | +$6.31M |
|
11
Amkor Technology
AMKR
$15.5B
| $9.83M | 3.83% |
304,853
| – | – |
|
|
EXE
12
Expand Energy Corp
EXE
$20.8B
| $8.44M | 3.29% |
95,000
| – | – |
|
|
MIXT
13
DELISTED
MIX TELEMATICS LIMITED
MIXT
| $5.03M | 1.96% |
584,334
| – | – |
|
14
Ameresco
AMRC
$1.19B
| $4.2M | 1.64% |
174,231
| – | – |
|
15
HireQuest
HQI
$170M
| $3.26M | 1.27% |
251,847
| – | – |
|
16
Dyadic International
DYAI
$44.1M
| $2.62M | 1.02% |
1,566,908
| – | – |
|
|
17
AirSculpt Technologies
AIRS
$337M
| $1.04M | 0.4% |
169,208
-453,787
| -73% | -$3.08M |
|
|
WHLR
18
Wheeler Real Estate Investment Trust
WHLR
$1.41M
| – | – |
0
| – | – |
|
|
RBT
19
DELISTED
Rubicon Technologies, Inc.
RBT
| $108K | 0.04% |
128,323
| – | – |
|
|
20
Alphabet (Google) Class C
GOOG
$4.29T
| – | – |
-209,600
| Closed | -$29.5M |
|
|
ATVI
21
DELISTED
Activision Blizzard
ATVI
| – | – |
-525,000
| Closed | -$49.2M |
|
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Bandera Partners's Q1 2024 Portfolio in Review
As of Q1 2024, Bandera Partners held 21 positions worth $257M, down 15% from $302M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Bandera Partners withdrew a net $61.9M in Q1 2024, closing 2 positions and reducing 2 holdings. Its most notable exit was Activision Blizzard, an estimated $49.2M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 26% of assets, up from 18% a quarter earlier, followed by Energy and Financials.
Against the trend, Bandera Partners opened a new position in Macy's worth $21.5M.
- Bandera Partners's largest Q1 2024 buy was Macy's: 1,074,183 shares worth $21.5M.
- Bandera Partners added most to Biote Corp in Q1 2024, an estimated $865K increase.
- Bandera Partners's biggest Q1 2024 reduction was Alphabet (Google) Class A, cutting an estimated $8.58M.
- Bandera Partners fully exited Activision Blizzard in Q1 2024, selling an estimated $49.2M.
- Bandera Partners's ten largest holdings make up 86% of its $257M portfolio in Q1 2024.
- Bandera Partners opened 2 new positions and closed 2 in Q1 2024.
- Bandera Partners's portfolio value fell 15% quarter-over-quarter to $257M.
Based on Bandera Partners's 13F filing for Q1 2024, filed 14 May 2024.