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HCM
Harspring Capital Management Portfolio holdings
AUM
$190M
1-Year Est. Return
19.3%
This Fund
S&P 500
This Quarter
Est. Return
+7.76%
1 Year Est. Return
+19.3%
3 Year Est. Return
+76.96%
5 Year Est. Return
+46.98%
10 Year Est. Return
–
AUM
$284M
AUM Growth
+$22.7M
(+8.7%)
Cap. Flow
+$10.6M
Cap. Flow
% of AUM
3.73%
Top 10 Holdings %
Top 10 Hldgs %
85.29%
Holding
18
New
2
Increased
–
Reduced
6
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Darling Ingredients
DAR
|
+$27.5M |
| 2 |
Maravai LifeSciences
MRVI
|
+$1.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thryv Holdings
THRY
|
+$5.26M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$4.13M |
| 3 |
PPLI
People Inc
PPLI
|
+$3.88M |
| 4 |
HAPN
Happen Inc
HAPN
|
+$1.56M |
| 5 |
Cogent Communications
CCOI
|
+$1.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 44.01% |
| 2 | Financials | 19.83% |
| 3 | Consumer Staples | 15.99% |
| 4 | Consumer Discretionary | 14.93% |
| 5 | Industrials | 3.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Cogent Communications
CCOI
$612M
| $41.2M | 14.5% |
854,797
-30,000
| -3% | -$1.52M |
|
2
Meta Platforms (Facebook)
META
$1.51T
| $32.8M | 11.56% |
44,500
| – | – |
|
|
3
Darling Ingredients
DAR
$9.62B
| $31.7M | 11.15% |
+835,000
| New | +$27.5M |
|
4
Amazon
AMZN
$2.49T
| $27.2M | 9.59% |
124,200
-5,000
| -4% | -$989K |
|
5
Enova International
ENVA
$6.27B
| $25.1M | 8.85% |
225,500
| – | – |
|
|
ESGR
6
DELISTED
Enstar Group
ESGR
| $20.9M | 7.34% |
62,000
| – | – |
|
7
News Corp Class A
NWSA
$14.8B
| $18.5M | 6.5% |
621,500
| – | – |
|
|
PPLI
8
People Inc
PPLI
$3.15B
| $18.3M | 6.44% |
490,000
-107,310
| -18% | -$3.88M |
|
9
Turning Point Brands
TPB
$1.52B
| $13.8M | 4.84% |
181,500
| – | – |
|
|
10
Alphabet (Google) Class C
GOOG
$3.99T
| $12.9M | 4.53% |
72,650
-25,000
| -26% | -$4.13M |
|
11
Rush Enterprises Class A
RUSHA
$5.98B
| $11.6M | 4.08% |
225,000
| – | – |
|
|
HAPN
12
Happen Inc
HAPN
$2.16B
| $10.3M | 3.64% |
860,000
-150,000
| -15% | -$1.56M |
|
13
U-Haul Holding Co Series N
UHAL.B
$12.5B
| $10.1M | 3.54% |
185,000
| – | – |
|
|
14
Thryv Holdings
THRY
$184M
| $3.65M | 1.28% |
300,000
-407,500
| -58% | -$5.26M |
|
15
LGI Homes
LGIH
$1.4B
| $3.58M | 1.26% |
69,500
| – | – |
|
16
1stdibs.com
DIBS
$152M
| $1.38M | 0.48% |
500,000
| – | – |
|
|
17
Maravai LifeSciences
MRVI
$987M
| $1.21M | 0.42% |
+500,000
| New | +$1.05M |
|
18
Orion
OEC
$379M
| – | – |
-45,187
| Closed | -$584K |
|
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Harspring Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Harspring Capital Management held 18 positions worth $284M, up 8.7% from $262M the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Harspring Capital Management deployed $10.6M of net new capital in Q2 2025, opening 2 new positions. Its largest new stake was Darling Ingredients: 835,000 shares worth $31.7M.
By sector, the portfolio is most concentrated in Communication Services at 44% of assets, down from 52% a quarter earlier, followed by Financials and Consumer Staples.
On the sell side, the largest reduction was Thryv Holdings, an estimated $5.26M trimmed.
- Harspring Capital Management's largest Q2 2025 buy was Darling Ingredients: 835,000 shares worth $31.7M.
- Harspring Capital Management's biggest Q2 2025 reduction was Thryv Holdings, cutting an estimated $5.26M.
- Harspring Capital Management fully exited Orion in Q2 2025, selling an estimated $584K.
- Harspring Capital Management's ten largest holdings make up 85% of its $284M portfolio in Q2 2025.
- Harspring Capital Management opened 2 new positions and closed 1 in Q2 2025.
- Harspring Capital Management's portfolio value rose 8.7% quarter-over-quarter to $284M.
Based on Harspring Capital Management's 13F filing for Q2 2025, filed 13 Aug 2025.