325 Capital LLC
325 Capital LLC reported 12 US-listed holdings worth $419.5 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Astrana Health, Inc. (17.9%), Magnite Inc. (15.4%) and American Pub Ed Inc. (15.2%). Against the quarter before, it opened 1 position, added to 5, trimmed 1 and sold out of 1.
The 12 largest of its 12 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +65.5% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 1
- MultiSensor AI Holdings Inc MSAI$3.5 million
Added to 5
- Magnite Inc. MGNI+1.4 million shares · +70%
- Spire Global Inc. SPIR+1.1 million shares · +58%
- Powerfleet Inc. AIOT+1.4 million shares · +38%
- Lifecore Biomedical Inc. LFCR+733,415 shares · +34%
- Blue Bird Corp. BLBD+31,564 shares · +5%
Trimmed 1
- Astrana Health, Inc. ASTH-225,233 shares · -12%
Sold out of 1
- Multisensor Ai Holdings Inc. MSAI$6.1 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Astrana Health, Inc. ASTH | 1.6M | $74.9 million | 17.85% | -225.2K |
| Magnite Inc. MGNI | 3.4M | $64.8 million | 15.44% | +1.4M |
| American Pub Ed Inc. APEI | 1.2M | $63.6 million | 15.15% | no change |
| Blue Bird Corp. BLBD | 711.4K | $56.2 million | 13.39% | +31.6K |
| Spire Global Inc. SPIR | 3.0M | $55.2 million | 13.16% | +1.1M |
| Motorcar PTS Amer Inc. MPAA | 2.0M | $30.9 million | 7.37% | no change |
| Diebold Nixdorf, Inc. DBD | 242.1K | $20.6 million | 4.91% | no change |
| Powerfleet Inc. AIOT | 5.3M | $20.2 million | 4.82% | +1.4M |
| Lifecore Biomedical Inc. LFCR | 2.9M | $15.2 million | 3.62% | +733.4K |
| Biote Corp. BTMD | 4.5M | $8.6 million | 2.05% | no change |
| Transact Technologies Inc. Com TACT | 1.0M | $5.9 million | 1.41% | no change |
| MultiSensor AI Holdings Inc MSAI | 662.2K | $3.5 million | 0.82% | new |