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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
+5.41%
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
$222M
AUM Growth
-$56.1M
(-20%)
Cap. Flow
-$62.4M
Cap. Flow
% of AUM
-28.11%
Top 10 Holdings %
Top 10 Hldgs %
91.18%
Holding
18
New
–
Increased
4
Reduced
8
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Burford Capital
BUR
|
+$9.72M |
| 2 |
Amkor Technology
AMKR
|
+$8.65M |
| 3 |
Red Robin
RRGB
|
+$1.94M |
| 4 |
AIOT
PowerFleet Inc
AIOT
|
+$85.7K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Occidental Petroleum
OXY
|
+$21M |
| 2 |
Match Group
MTCH
|
+$18.6M |
| 3 |
EXE
Expand Energy Corp
EXE
|
+$10.6M |
| 4 |
Cimpress
CMPR
|
+$10.4M |
| 5 |
Star Group
SGU
|
+$8.61M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 25.23% |
| 2 | Financials | 21.73% |
| 3 | Energy | 14.48% |
| 4 | Industrials | 12.99% |
| 5 | Technology | 10.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
The Joint Corp
JYNT
$127M
| $45.4M | 20.48% |
3,937,296
| – | – |
|
|
2
Burford Capital
BUR
$859M
| $35.8M | 16.14% |
2,510,883
+743,769
| +42% | +$9.72M |
|
|
3
Star Group
SGU
$430M
| $32.1M | 14.48% |
2,745,360
-700,000
| -20% | -$8.61M |
|
4
Skywest
SKYW
$3.86B
| $18.4M | 8.31% |
179,107
-29,893
| -14% | -$2.84M |
|
|
5
Amkor Technology
AMKR
$15.6B
| $16.2M | 7.32% |
773,493
+468,640
| +154% | +$8.65M |
|
6
Alphabet (Google) Class A
GOOGL
$4.23T
| $15.7M | 7.1% |
89,322
-26,978
| -23% | -$4.42M |
|
7
Nelnet
NNI
$4.83B
| $12.4M | 5.59% |
102,389
-24,611
| -19% | -$2.75M |
|
8
Biote Corp
BTMD
$73.7M
| $9.18M | 4.14% |
2,283,791
-151,844
| -6% | -$560K |
|
9
Tandy Leather Factory
TLF
$19.5M
| $8.83M | 3.98% |
2,857,936
| – | – |
|
|
AIOT
10
PowerFleet Inc
AIOT
$568M
| $8.11M | 3.66% |
1,881,666
+17,349
| +0.9% | +$85.7K |
|
11
Ameresco
AMRC
$1.22B
| $8M | 3.61% |
526,769
-207,586
| -28% | -$2.72M |
|
|
12
Red Robin
RRGB
$130M
| $7.82M | 3.52% |
1,350,000
+500,000
| +59% | +$1.94M |
|
13
HireQuest
HQI
$169M
| $2.37M | 1.07% |
236,847
-15,000
| -6% | -$153K |
|
14
Dyadic International
DYAI
$45.9M
| $1.37M | 0.62% |
1,383,308
-183,600
| -12% | -$201K |
|
|
15
Cimpress
CMPR
$2.49B
| – | – |
-230,000
| Closed | -$10.4M |
|
|
16
Match Group
MTCH
$9.13B
| – | – |
-595,000
| Closed | -$18.6M |
|
|
17
Occidental Petroleum
OXY
$54.6B
| – | – |
-425,000
| Closed | -$21M |
|
|
EXE
18
Expand Energy Corp
EXE
$21.1B
| – | – |
-95,000
| Closed | -$10.6M |
|
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Bandera Partners's Q2 2025 Portfolio in Review
As of Q2 2025, Bandera Partners held 18 positions worth $222M, down 20% from $278M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Bandera Partners withdrew a net $62.4M in Q2 2025, closing 4 positions and reducing 8 holdings. Its most notable exit was Occidental Petroleum, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 25% of assets, up from 21% a quarter earlier, followed by Financials and Energy.
Against the trend, Bandera Partners added an estimated $9.72M to Burford Capital.
- Bandera Partners added most to Burford Capital in Q2 2025, an estimated $9.72M increase.
- Bandera Partners's biggest Q2 2025 reduction was Star Group, cutting an estimated $8.61M.
- Bandera Partners fully exited Occidental Petroleum in Q2 2025, selling an estimated $21M.
- Bandera Partners's ten largest holdings make up 91% of its $222M portfolio in Q2 2025.
- Bandera Partners opened 0 new positions and closed 4 in Q2 2025.
- Bandera Partners's portfolio value fell 20% quarter-over-quarter to $222M.
Based on Bandera Partners's 13F filing for Q2 2025, filed 12 Aug 2025.