1y return+35.4%S&P 500 +20.9%
3y return+79.7%S&P 500 +68.5%
5y return+16.3%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2017: $197 against $280 in the S&P 500.2
First Sabrepoint Capital Management LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TPBTurning Pt Brands Inc | $40.7M | 17.4% | +20.0% |
| FCFSFirstcash Holdings Inc | $37.2M | 15.9% | −2.8% |
| STRLSterling Infrastructure Inc | $16.8M | 7.2% | |
| EGYVaalco Energy Inc | $16.8M | 7.2% | +135.7% |
| TFINTriumph Financial Inc | $11.8M | 5.1% | +40.1% |
| CVCOCavco Inds Inc Del | $11.4M | 4.9% | −44.0% |
| Amrize LtdCUSIP H2927K103 | $10.7M | 4.6% | +6.4% |
| UCTTUltra Clean Hldgs Inc | $10.0M | 4.3% | −44.0% |
| BTIBritish Amern Tob PLC | $9.9M | 4.2% | +6.7% |
| NPKINpk International Inc | $9.5M | 4.1% | +9.1% |
| LAURLaureate Ed Inc | $9.0M | 3.9% | |
| MTDRMatador Res Co | $9.0M | 3.8% | +33.3% |
| THTarget Hospitality Corp | $8.6M | 3.7% | −30.2% |
| BBWBuild-a-bear Workshop Inc | $6.4M | 2.8% | +11.9% |
| SFMSprouts Fmrs Mkt Inc | $5.5M | 2.3% | |
| RUSHARush Enterprises Inc | $5.5M | 2.3% | New |
| LWAYLifeway Foods Inc | $5.1M | 2.2% | New |
| AZOAutozone Inc | $4.8M | 2.0% | −40.0% |
| BOOTBoot Barn Hldgs Inc | $3.3M | 1.4% | New |
| KOSKosmos Energy Ltd | $2.1M | 0.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| STRLSterling Infrastructure Inc | June 30, 2023 | +1404.2% | $16.8M |
| THTarget Hospitality Corp | December 31, 2025 | +154.2% | $8.6M |
| LAURLaureate Ed Inc | June 30, 2024 | +143.1% | $9.0M |
| FCFSFirstcash Holdings Inc | June 30, 2023 | +131.8% | $37.2M |
| UCTTUltra Clean Hldgs Inc | March 31, 2026 | +129.3% | $10.0M |
| TPBTurning Pt Brands Inc | September 30, 2024 | +96.5% | $40.7M |
| CVCOCavco Inds Inc Del | December 31, 2023 | +77.2% | $11.4M |
| BTIBritish Amern Tob PLC | March 31, 2025 | +49.3% | $9.9M |
| AZOAutozone Inc | September 30, 2022 | +49.2% | $4.8M |
| NPKINpk International Inc | December 31, 2025 | +33.5% | $9.5M |
Sold off last quarter
- LOPEGrand Canyon Ed Inc was $9.9M
- CVSACovista Inc was $9.2M
- BTUPeabody Engr Corp was $8.2M
- Ichor HoldingsCUSIP G4740B105 was $7.9M
- ENTGEntegris Inc was $6.4M
- VSNTVersant Media Group Inc was $5.6M
- PARRPar Pac Holdings Inc was $3.1M
- Topbuild CorCUSIP 89055F103 was $2.8M
- COLDAmericold Realty Trust Inc was $2.0M
- GBFHGbank Finl Hldgs Inc was $757K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +17.6% | +14.8% |
| March 31, 2026 | −0.8% | −4.6% |
| December 31, 2025 | +0.0% | +2.4% |
| September 30, 2025 | +15.9% | +7.8% |
| June 30, 2025 | +10.8% | +10.5% |
| March 31, 2025 | −1.9% | −4.6% |
| December 31, 2024 | −1.7% | +2.1% |
| September 30, 2024 | +9.7% | +5.4% |
| June 30, 2024 | −9.2% | +4.0% |
| March 31, 2024 | +4.4% | +10.0% |
| December 31, 2023 | +15.7% | +11.2% |
| September 30, 2023 | +3.3% | −3.6% |
| June 30, 2023 | +4.8% | +8.3% |
| March 31, 2023 | +3.7% | +7.0% |
| December 31, 2022 | +2.2% | +7.1% |
| September 30, 2022 | −9.9% | −5.3% |
| June 30, 2022 | −22.7% | −16.5% |
| March 31, 2022 | −12.9% | −4.9% |
| December 31, 2021 | −2.3% | +10.7% |
| September 30, 2021 | −1.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: First Sabrepoint Capital Management LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1731530&type=13F-HR&dateb=&owner=include&count=40CIK 1731530
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1731530/000173153026000004/Filed August 14, 2026 · accession 0001731530-26-000004