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Intrepid Capital Management Portfolio holdings
AUM
$282M
Turnover
6.31%
1-Year Est. Return
25.63%
This Fund
S&P 500
This Quarter
Est. Return
+4.05%
1 Year Est. Return
+25.63%
3 Year Est. Return
+70.23%
5 Year Est. Return
+75.31%
10 Year Est. Return
+224.37%
AUM
$259M
AUM Growth
+$4.52M
(+1.8%)
Cap. Flow
-$28.6M
Cap. Flow
% of AUM
-11.05%
Top 10 Holdings %
Top 10 Hldgs %
40.95%
Holding
115
New
5
Increased
25
Reduced
34
Closed
8
Avg Time Held
2.5
years
Top 10 Avg Time Held
1.2
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Unifirst Corp
UNF
|
+$2.41M |
| 2 |
Permian Resources
PR
|
+$2.31M |
| 3 |
Fiserv Inc
FISV
|
+$1.43M |
| 4 |
AdvisorShares Pure US Cannabis ETF
MSOS
|
+$795K |
| 5 |
Waste Management
WM
|
+$337K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fabrinet
FN
|
+$5.05M |
| 2 |
WNS Holdings
WNS
|
+$2.18M |
| 3 |
Chicago Atlantic Real Estate Finance
REFI
|
+$1.8M |
| 4 |
Schwab US Large- Cap ETF
SCHX
|
+$828K |
| 5 |
Nike
NKE
|
+$629K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 38.54% |
| 2 | Communication Services | 14.1% |
| 3 | Financials | 12.74% |
| 4 | Technology | 8.46% |
| 5 | Consumer Discretionary | 6.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
U.S. High Relative Profitability Portfolio ETF Class Shares
DUHP
$12.8B
| $17.6M | 6.8% |
462,076
+6,476
| +1% | +$245K |
2023 Q2
10 quarters
|
|
2
Alphabet (Google) Class A
GOOGL
$4.25T
| $11.8M | 4.55% |
37,599
-4
| -0% | -$1.14K |
2019 Q4
24 quarters
|
|
3
Sprott Physical Gold and Silver Trust
CEF
$6.94B
| $10.1M | 3.9% |
220,068
-5,678
| -3% | -$230K |
2019 Q3
25 quarters
|
|
4
Chicago Atlantic BDC
LIEN
$206M
| $7.84M | 3.03% |
759,303
| – | – |
2024 Q2
6 quarters
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.13T
| $6.66M | 2.58% |
13,258
+21
| +0.2% | +$10.4K |
2013 Q2
50 quarters
|
|
6
iShares Gold Trust
IAU
$60.8B
| $6.06M | 2.34% |
74,648
| – | – |
2016 Q3
37 quarters
|
|
7
NVIDIA
NVDA
$5.34T
| $3.95M | 1.53% |
21,189
-55
| -0.3% | -$10.2K |
2023 Q1
11 quarters
|
|
8
FRP Holdings
FRPH
$369M
| $3.94M | 1.52% |
172,786
-3,724
| -2% | -$88K |
2013 Q2
50 quarters
|
|
9
iShares Core US Aggregate Bond ETF
AGG
$137B
| $3.92M | 1.52% |
39,218
+264
| +0.7% | +$26.5K |
2025 Q1
3 quarters
|
|
10
Sprott
SII
$2.84B
| $3.89M | 1.51% |
39,752
| – | – |
2024 Q1
7 quarters
|
|
11
Dimensional International High Profitability ETF
DIHP
$6.43B
| $3.83M | 1.48% |
120,943
+7,913
| +7% | +$246K |
2023 Q2
10 quarters
|
|
12
Philip Morris
PM
$320B
| $3.82M | 1.48% |
23,804
+958
| +4% | +$148K |
2025 Q1
3 quarters
|
|
13
Liberty Live Group Series A
LLYVA
$8.68B
| $3.76M | 1.45% |
46,149
| – | – |
2024 Q2
6 quarters
|
|
14
W.R. Berkley
WRB
$27.4B
| $3.72M | 1.44% |
53,097
| – | – |
2023 Q3
9 quarters
|
|
15
TJX Companies
TJX
$157B
| $3.66M | 1.42% |
23,856
-3
| -0% | -$444 |
2019 Q4
24 quarters
|
|
16
Dollar Tree
DLTR
$22.8B
| $3.59M | 1.39% |
29,214
| – | – |
2024 Q3
5 quarters
|
|
17
Madison Square Garden
MSGS
$9.73B
| $3.55M | 1.37% |
13,734
| – | – |
2025 Q3
1 quarter
|
|
18
Howard Hughes
HHH
$4.08B
| $3.25M | 1.26% |
40,732
+1,076
| +3% | +$89.1K |
2024 Q1
7 quarters
|
|
19
Markel Group
MKL
$22.3B
| $3.21M | 1.24% |
1,493
| – | – |
2023 Q2
10 quarters
|
|
20
Take-Two Interactive
TTWO
$37.6B
| $3.07M | 1.19% |
11,989
| – | – |
2019 Q1
27 quarters
|
|
21
Liberty Media Corporation Series C Common Stock
FWONK
$22.8B
| $3.06M | 1.19% |
31,106
+2,427
| +8% | +$238K |
2025 Q2
2 quarters
|
|
22
Apple
AAPL
$5.01T
| $3.01M | 1.16% |
11,062
-61
| -0.5% | -$16.4K |
2020 Q1
23 quarters
|
|
23
Acuity Brands
AYI
$8.89B
| $2.95M | 1.14% |
8,205
| – | – |
2019 Q4
24 quarters
|
|
24
Atlanta Braves Holdings Series B
BATRK
$3.19B
| $2.95M | 1.14% |
74,771
-15
| -0% | -$593 |
2025 Q1
3 quarters
|
|
25
Invesco QQQ Trust
QQQ
$488B
| $2.92M | 1.13% |
4,752
-250
| -5% | -$153K |
2023 Q1
11 quarters
|
|
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Intrepid Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Intrepid Capital Management held 115 positions worth $259M, up 1.8% from $254M the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Intrepid Capital Management withdrew a net $28.6M in Q4 2025, closing 8 positions and reducing 34 holdings. Its most notable exit was WNS Holdings, an estimated $2.18M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 39% of assets, up from 38% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Intrepid Capital Management opened a new position in Unifirst Corp worth $2.76M.
- Intrepid Capital Management's largest Q4 2025 buy was Unifirst Corp: 14,310 shares worth $2.76M.
- Intrepid Capital Management added most to AdvisorShares Pure US Cannabis ETF in Q4 2025, an estimated $795K increase.
- Intrepid Capital Management's biggest Q4 2025 reduction was Fabrinet, cutting an estimated $5.05M.
- Intrepid Capital Management fully exited WNS Holdings in Q4 2025, selling an estimated $2.18M.
- Intrepid Capital Management's ten largest holdings make up 41% of its $259M portfolio in Q4 2025.
- Intrepid Capital Management opened 5 new positions and closed 8 in Q4 2025.
- Intrepid Capital Management's portfolio value rose 1.8% quarter-over-quarter to $259M.
Based on Intrepid Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.