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Whitebark Investors Portfolio holdings

AUM $129M
1-Year Est. Return 26.3%
This Fund
S&P 500
This Quarter Est. Return
-12.97%
1 Year Est. Return
-26.3%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$166M
AUM Growth
-$44M
Cap. Flow
-$18.3M
Cap. Flow %
-10.99%
Top 10 Hldgs %
100%
Holding
11
New
1
Increased
4
Reduced
4
Closed
2

Top Buys

Rank Stock Value
1
GO icon
Grocery Outlet
GO
+$12.2M
2
KLAR
Klarna Group
KLAR
+$7.12M
3
GLBE icon
Global E Online
GLBE
+$5.39M
4
SHEN icon
Shenandoah Telecom
SHEN
+$5M
5
CPNG icon
Coupang
CPNG
+$3.66M

Top Sells

Rank Stock Value
1
TDS icon
Telephone and Data Systems
TDS
+$28.6M
2
TMO icon
Thermo Fisher Scientific
TMO
+$7.66M
3
MSFT icon
Microsoft
MSFT
+$7.66M
4
GSHD icon
Goosehead Insurance
GSHD
+$4.96M
5
BLND icon
Blend Labs
BLND
+$1.58M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 46.49%
2 Technology 24.1%
3 Financials 16.61%
4 Consumer Staples 9.85%
5 Communication Services 2.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FLUT icon
1
Flutter Entertainment
FLUT
$17.3B
$29M 17.46%
134,766
-5,068
-4% -$1.14M
CPNG icon
2
Coupang
CPNG
$29.2B
$24.8M 14.94%
1,050,996
+128,565
+14% +$3.66M
MSFT icon
3
Microsoft
MSFT
$3.57T
$24.6M 14.82%
50,859
-15,280
-23% -$7.66M
GLBE icon
4
Global E Online
GLBE
$6.85B
$23.4M 14.1%
595,432
+145,332
+32% +$5.39M
GSHD icon
5
Goosehead Insurance
GSHD
$2.51B
$19.8M 11.95%
269,322
-69,686
-21% -$4.96M
GO icon
6
Grocery Outlet
GO
$1.1B
$16.4M 9.85%
1,619,274
+969,274
+149% +$12.2M
BLND icon
7
Blend Labs
BLND
$345M
$15.4M 9.28%
5,069,258
-496,940
-9% -$1.58M
KLAR
8
Klarna Group
KLAR
$5.29B
$7.73M 4.66%
267,378
+207,378
+346% +$7.12M
SHEN icon
9
Shenandoah Telecom
SHEN
$682M
$4.89M 2.95%
+423,063
New +$5M
TDS icon
10
Telephone and Data Systems
TDS
$4B
– –
-729,194
Closed -$28.6M
TMO icon
11
Thermo Fisher Scientific
TMO
$232B
– –
-15,800
Closed -$7.66M

Similar funds

CTEF
Capital Today Evergreen Fund Grand Cayman, Cayman Islands $129M AUM 22.01% 1-Year Est. Return
WC
Wolfstich Capital Medfield, Massachusetts $130M AUM 16.84% 1-Year Est. Return
GSM
Global Strategic Management San Juan, Puerto Rico $130M AUM
ECP
Epacria Capital Partners Boulder, Colorado $130M AUM 23.38% 1-Year Est. Return
GCWM
Graham Capital Wealth Management Washington D.c., District of Columbia $129M AUM 16.02% 1-Year Est. Return
SF
Schaeffer Financial Rockville, Maryland $129M AUM 15.82% 1-Year Est. Return
HOWA
Hudson Oak Wealth Advisory Hoboken, New Jersey $130M AUM
DWA
Davis Wealth Advisors Salem, New Hampshire $129M AUM

Whitebark Investors's Q4 2025 Portfolio in Review

As of Q4 2025, Whitebark Investors held 11 positions worth $166M, down 21% from $210M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Whitebark Investors withdrew a net $18.3M in Q4 2025, closing 2 positions and reducing 4 holdings. Its most notable exit was Telephone and Data Systems, an estimated $28.6M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 46% of assets, up from 39% a quarter earlier, followed by Technology and Financials.

Against the trend, Whitebark Investors opened a new position in Shenandoah Telecom worth $4.89M.

  • Whitebark Investors's largest Q4 2025 buy was Shenandoah Telecom: 423,063 shares worth $4.89M.
  • Whitebark Investors added most to Grocery Outlet in Q4 2025, an estimated $12.2M increase.
  • Whitebark Investors's biggest Q4 2025 reduction was Microsoft, cutting an estimated $7.66M.
  • Whitebark Investors fully exited Telephone and Data Systems in Q4 2025, selling an estimated $28.6M.
  • Whitebark Investors's ten largest holdings make up 100% of its $166M portfolio in Q4 2025.
  • Whitebark Investors opened 1 new position and closed 2 in Q4 2025.
  • Whitebark Investors's portfolio value fell 21% quarter-over-quarter to $166M.

Based on Whitebark Investors's 13F filing for Q4 2025, filed 17 Feb 2026.