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FSCM
First Sabrepoint Capital Management Portfolio holdings
AUM
$276M
1-Year Est. Return
61.64%
This Fund
S&P 500
This Quarter
Est. Return
-0.42%
1 Year Est. Return
+61.64%
3 Year Est. Return
+181.85%
5 Year Est. Return
+146.72%
10 Year Est. Return
–
AUM
$259M
AUM Growth
-$56.8M
(-18%)
Cap. Flow
-$57.3M
Cap. Flow
% of AUM
-22.1%
Top 10 Holdings %
Top 10 Hldgs %
66.72%
Holding
47
New
10
Increased
2
Reduced
14
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVSA
Covista Inc
CVSA
|
+$15.5M |
| 2 |
NPKI
NPK International
NPKI
|
+$7.93M |
| 3 |
Euronet Worldwide
EEFT
|
+$7.89M |
| 4 |
Federal Agricultural Mortgage
AGM
|
+$7.48M |
| 5 |
Triumph Financial Inc
TFIN
|
+$5.02M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Laureate Education
LAUR
|
+$9.26M |
| 2 |
British American Tobacco
BTI
|
+$8.73M |
| 3 |
Mid-America Apartment Communities
MAA
|
+$7.69M |
| 4 |
Walker & Dunlop
WD
|
+$6.39M |
| 5 |
Green Brick Partners
GRBK
|
+$5.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 35.1% |
| 2 | Financials | 19.31% |
| 3 | Consumer Discretionary | 13.59% |
| 4 | Industrials | 8.29% |
| 5 | Technology | 7.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
Amprius Technologies
AMPX
$1.44B
| $1.42M | 0.55% |
180,600
| – | – |
|
27
Traeger
COOK
$184M
| $1.32M | 0.51% |
+24,392
| New | +$1.19M |
|
28
Target Hospitality
TH
$1.57B
| $1.2M | 0.46% |
+150,000
| New | +$1.14M |
|
29
PUT
Unusual Machines
UMAC
$1.09B
| $637K | 0.25% |
50,000
-165,000
| -77% | -$1.94M |
|
|
AEVA
30
PUT
Aeva Technologies
AEVA
$1.25B
| – | – |
-30,000
| Closed | -$435K |
|
31
PUT
AeroVironment
AVAV
$8.04B
| – | – |
-8,500
| Closed | -$2.68M |
|
32
PUT
BigBear.ai
BBAI
$1.38B
| – | – |
-210,000
| Closed | -$1.37M |
|
33
PUT
Carvana
CVNA
$72B
| – | – |
-75,000
| Closed | -$5.66M |
|
34
PUT
Digital Realty Trust
DLR
$70.6B
| – | – |
-10,000
| Closed | -$1.73M |
|
|
35
Green Brick Partners
GRBK
$3.09B
| – | – |
-70,000
| Closed | -$5.17M |
|
36
PUT
IonQ
IONQ
$14.7B
| – | – |
-65,000
| Closed | -$4M |
|
37
PUT
Joby Aviation
JOBY
$7.3B
| – | – |
-255,000
| Closed | -$4.12M |
|
|
38
Mid-America Apartment Communities
MAA
$15.5B
| – | – |
-55,000
| Closed | -$7.69M |
|
|
OPRA
39
Opera Ltd
OPRA
$1.75B
| – | – |
-130,000
| Closed | -$2.68M |
|
40
PUT
Palantir
PLTR
$301B
| – | – |
-20,000
| Closed | -$3.65M |
|
41
PUT
D-Wave Quantum Inc. Common Stock
QBTS
$7.42B
| – | – |
-90,000
| Closed | -$2.22M |
|
42
PUT
QuantumScape Corp
QS
$3.34B
| – | – |
-315,000
| Closed | -$3.88M |
|
43
PUT
Quantum Computing Inc
QUBT
$1.96B
| – | – |
-20,000
| Closed | -$368K |
|
44
PUT
Rigetti Computing
RGTI
$5.35B
| – | – |
-110,000
| Closed | -$3.28M |
|
45
PUT
SolarEdge
SEDG
$2.7B
| – | – |
-105,000
| Closed | -$3.88M |
|
46
PUT
Viasat
VSAT
$11.1B
| – | – |
-51,000
| Closed | -$1.49M |
|
47
PUT
Wingstop
WING
$3.58B
| – | – |
-3,500
| Closed | -$881K |
|
Similar funds
AAM
AWA
HCM
REA
PP
MC
AA
EFP
First Sabrepoint Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, First Sabrepoint Capital Management held 47 positions worth $259M, down 18% from $316M the previous quarter. Its ten largest holdings account for 67% of the portfolio.
First Sabrepoint Capital Management withdrew a net $57.3M in Q4 2025, closing 18 positions and reducing 14 holdings. Its most notable exit was Mid-America Apartment Communities, an estimated $7.69M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 35% of assets, up from 28% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, First Sabrepoint Capital Management opened a new position in Covista Inc worth $14M.
- First Sabrepoint Capital Management's largest Q4 2025 buy was Covista Inc: 135,000 shares worth $14M.
- First Sabrepoint Capital Management added most to AutoZone in Q4 2025, an estimated $4.34M increase.
- First Sabrepoint Capital Management's biggest Q4 2025 reduction was Laureate Education, cutting an estimated $9.26M.
- First Sabrepoint Capital Management fully exited Mid-America Apartment Communities in Q4 2025, selling an estimated $7.69M.
- First Sabrepoint Capital Management's ten largest holdings make up 67% of its $259M portfolio in Q4 2025.
- First Sabrepoint Capital Management opened 10 new positions and closed 18 in Q4 2025.
- First Sabrepoint Capital Management's portfolio value fell 18% quarter-over-quarter to $259M.
Based on First Sabrepoint Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.