1y return+34.9%S&P 500 +20.9%
3y return+82.0%S&P 500 +68.5%
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 March 31, 2022: $175 against $165 in the S&P 500.2
Western Standard LLCS&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 |
|---|---|---|---|
| GDOTGreen Dot Corp | $43.8M | 14.8% | −8.6% |
| GLASGlass House Brands Inc | $35.0M | 11.9% | New |
| CODICompass Diversified | $28.3M | 9.6% | −15.5% |
| ABVXAbivax Sa | $26.7M | 9.0% | New |
| AVTRAvantor Inc | $20.9M | 7.1% | New |
| IOSPInnospec Inc | $19.3M | 6.5% | +4.4% |
| Electronic Arts IncCUSIP 285512109 | $18.0M | 6.1% | New |
| OSGOctave Specialty Group Inc | $14.0M | 4.8% | |
| AHRTAh Rlty Tr Inc | $9.2M | 3.1% | New |
| STGWStagwell Inc | $8.7M | 2.9% | New |
| BOBSBobs Disc Furniture Inc | $8.0M | 2.7% | New |
| FRPTFreshpet Inc | $7.5M | 2.5% | +75.8% |
| Consolidated Water Co IncCUSIP G23773107 | $7.4M | 2.5% | New |
| AVNWAviat Networks Inc | $6.7M | 2.3% | −27.6% |
| FWRGFirst Watch Restaurant Group | $6.6M | 2.2% | New |
| COOCooper Cos Inc | $5.2M | 1.8% | New |
| ANGOAngiodynamics Inc | $5.0M | 1.7% | New |
| EZPWEzcorp Inc | $4.9M | 1.7% | −30.1% |
| INBXInhibrx Biosciences Inc | $4.5M | 1.5% | New |
| FFBC1st Finl Bancorp | $3.0M | 1.0% | +4.1% |
| ABUSArbutus Biopharma Corp | $2.6M | 0.9% | +4.1% |
| Genius Sports LimitedCUSIP G3934V109 | $2.4M | 0.8% | New |
| MELIMercadolibre Inc | $2.4M | 0.8% | New |
| CHWYChewy Inc | $2.2M | 0.7% | New |
| OLLIOllies Bargain Outlet Hldgs | $2.2M | 0.7% | New |
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 |
|---|---|---|---|
| EZPWEzcorp Inc | June 30, 2025 | +149.1% | $4.9M |
| CODICompass Diversified | December 31, 2025 | +122.1% | $28.3M |
| GDOTGreen Dot Corp | March 31, 2025 | +60.1% | $43.8M |
| FFBC1st Finl Bancorp | December 31, 2025 | +35.2% | $3.0M |
| AVNWAviat Networks Inc | March 31, 2025 | +15.8% | $6.7M |
| ABUSArbutus Biopharma Corp | September 30, 2025 | +5.7% | $2.6M |
| IOSPInnospec Inc | September 30, 2025 | +5.5% | $19.3M |
| FRPTFreshpet Inc | March 31, 2026 | +0.3% | $7.5M |
| OSGOctave Specialty Group Inc | September 30, 2025 | −25.2% | $14.0M |
Sold off last quarter
- TFXTeleflex Incorporated was $22.1M
- ANGIAngi Inc was $8.3M
- AIVApartment Invt & Mgmt Co was $6.6M
- YETIYeti Hldgs Inc was $5.9M
- FIVEFive Below Inc was $5.3M
- DAVEDave Inc was $5.2M
- UUPInvesco Db Us Dlr Index Tr was $5.2M
- WULFTerawulf Inc was $4.0M
- HNRGHallador Energy Company was $3.7M
- NSPInsperity Inc was $3.0M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +18.7% | +14.8% |
| March 31, 2026 | −9.0% | −4.6% |
| December 31, 2025 | +11.0% | +2.4% |
| September 30, 2025 | +12.6% | +7.8% |
| June 30, 2025 | +7.8% | +10.5% |
| March 31, 2025 | −3.4% | −4.6% |
| December 31, 2024 | +0.5% | +2.1% |
| September 30, 2024 | +13.3% | +5.4% |
| June 30, 2024 | +2.7% | +4.0% |
| March 31, 2024 | +8.4% | +10.0% |
| December 31, 2023 | +6.4% | +11.2% |
| September 30, 2023 | −4.0% | −3.6% |
| June 30, 2023 | +6.3% | +8.3% |
| March 31, 2023 | +3.1% | +7.0% |
| December 31, 2022 | +6.5% | +7.1% |
| September 30, 2022 | −10.6% | −5.3% |
| June 30, 2022 | −7.9% | −16.5% |
| December 31, 2021 | +5.8% | +10.7% |
| September 30, 2021 | −0.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Western Standard LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1517666&type=13F-HR&dateb=&owner=include&count=40CIK 1517666
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1517666/000119312526342238/Filed August 10, 2026 · accession 0001193125-26-342238