Pillsbury Lake Capital LLC
Pillsbury Lake Capital LLC reported 38 US-listed holdings worth $364.2 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Backblaze Inc. (5.8%), Compass Inc. (4.9%) and Lincoln Edl Svcs Corp. (4.9%). Against the quarter before, it opened 15 positions, added to 12, trimmed 11 and sold out of 8.
The 14 largest of its 38 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 +21.3% over the 2 quarters to 30 June 2026, against +9.5% 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 15
- MSA Safety Inc. MSA$13.4 million
- SLB Limited SLB$13.1 million
- Mastercraft Boat Hldgs Inc. MCFT$12.9 million
- Knight-Swift Transportation Holdings Inc. KNX$10.8 million
- CarGurus, Inc. CARG$10.1 million
- Lifeway Foods Inc. LWAY$8.7 million
- Global X FDS AIQ$8.4 million
- Corporacion Amer Arpts S A CAAP$7.4 million
and 7 more in the table below
Added to 12
- Composecure Inc. GPGI+572,277 shares · +526%
- Clean Harbors Inc. CLH+26,687 shares · +116%
- HNI Corp. HNI+191,607 shares · +87%
- Universal Technical Institute Inc. UTI+101,654 shares · +46%
- Kura Sushi USA Inc. KRUS+58,428 shares · +49%
- Wealthfront Corp. WLTH+366,217 shares · +56%
- Myt Netherlands Parent B V LUXE+286,247 shares · +24%
- Cavco Industries, Inc. CVCO+2,998 shares · +19%
and 4 more in the table below
Trimmed 11
- PDF Solutions Inc. PDFS-152,814 shares · -56%
- Backblaze Inc. BLZE-621,446 shares · -32%
- Cronos Group Inc. CRON-3.4 million shares · -81%
- Flywire Corporation FLYW-297,670 shares · -39%
- Mamas Creations Inc. MAMA-258,478 shares · -74%
- Turning PT Brands Inc. TPB-44,204 shares · -26%
- Blade Air Mobility Inc. SRTA-432,790 shares · -17%
- Compass Inc. COMP-143,096 shares · -9%
and 3 more in the table below
Sold out of 8
- Lumexa Imaging Holdings Inc. LMRI$7.0 million last quarter
- Limbach Hldgs Inc. LMB$4.4 million last quarter
- Criteo S A CRTO$3.8 million last quarter
- Identiv Inc. INVE$1.8 million last quarter
- SPDR Ser Trust XOP$1.5 million last quarter
- Yandex N V NBIS$1.0 million last quarter
- Chain Bridge Bancorp Inc. CBNA$937,414 last quarter
- Flexsteel Inds Inc. FLXS$822,672 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Backblaze Inc. BLZE | 1.3M | $21.2 million | 5.84% | -621.4K |
| Compass Inc. COMP | 1.5M | $18.0 million | 4.94% | -143.1K |
| Lincoln Edl Svcs Corp. LINC | 356.2K | $17.8 million | 4.88% | -24.4K |
| HNI Corp. HNI | 412.8K | $16.7 million | 4.58% | +191.6K |
| Clean Harbors Inc. CLH | 49.6K | $14.8 million | 4.07% | +26.7K |
| Eton Pharmaceuticals Inc. ETON | 387.2K | $14.0 million | 3.85% | +22.2K |
| Universal Technical Institute Inc. UTI | 321.6K | $13.8 million | 3.78% | +101.7K |
| MSA Safety Inc. MSA | 77.0K | $13.4 million | 3.69% | new |
| SLB Limited SLB | 280.7K | $13.1 million | 3.58% | new |
| Mastercraft Boat Hldgs Inc. MCFT | 499.1K | $12.9 million | 3.54% | new |
| Cavco Industries, Inc. CVCO | 18.8K | $11.5 million | 3.17% | +3.0K |
| Blade Air Mobility Inc. SRTA | 2.2M | $11.4 million | 3.14% | -432.8K |
| Myt Netherlands Parent B V LUXE | 1.5M | $10.9 million | 2.98% | +286.2K |
| Composecure Inc. GPGI | 681.0K | $10.8 million | 2.96% | +572.3K |
| Knight-Swift Transportation Holdings Inc. KNX | 138.4K | $10.8 million | 2.96% | new |
| Turning PT Brands Inc. TPB | 125.9K | $10.7 million | 2.93% | -44.2K |
| Boyd Group Services Inc. BGSI | 110.9K | $10.5 million | 2.88% | +12.7K |
| Build-A-Bear Workshop Inc. BBW | 339.2K | $10.4 million | 2.85% | +9.1K |
| Kura Sushi USA Inc. KRUS | 177.0K | $10.2 million | 2.80% | +58.4K |
| CarGurus, Inc. CARG | 296.9K | $10.1 million | 2.78% | new |
| Wealthfront Corp. WLTH | 1.0M | $9.2 million | 2.52% | +366.2K |
| Crocs, Inc. CROX | 75.6K | $9.1 million | 2.50% | -4.3K |
| Lifeway Foods Inc. LWAY | 291.7K | $8.7 million | 2.39% | new |
| Global X FDS AIQ | 127.8K | $8.4 million | 2.30% | new |
| PDF Solutions Inc. PDFS | 117.9K | $8.3 million | 2.29% | -152.8K |
| Flywire Corporation FLYW | 473.7K | $8.3 million | 2.29% | -297.7K |
| Corporacion Amer Arpts S A CAAP | 295.1K | $7.4 million | 2.04% | new |
| Brightview Hldgs Inc. BV | 503.0K | $7.1 million | 1.96% | -3.8K |
| Resolute Holdings Manag RHLD | 48.2K | $7.0 million | 1.91% | new |
| Listed FD Trust INFL | 176.3K | $5.8 million | 1.60% | +46.3K |
| Solaris Energy Infrastructure, Inc. SEI | 64.8K | $5.2 million | 1.43% | new |
| Mayville Engr Co. Inc. MEC | 136.7K | $5.1 million | 1.41% | new |
| Magnite Inc. MGNI | 217.8K | $4.1 million | 1.13% | new |
| Sharonai Holdings Inc. SHAZ | 28.7K | $2.4 million | 0.67% | new |
| Cronos Group Inc. CRON | 810.2K | $2.3 million | 0.62% | -3.4M |
| Mamas Creations Inc. MAMA | 90.1K | $1.6 million | 0.44% | -258.5K |
| Mimedx Group Inc. MDXG | 215.2K | $828,670 | 0.23% | new |
| Galaxy Digital Inc. Class A GLXY | 167.8K | $283,274 | 0.08% | new |
Read more
Change is shares against its 13F for the quarter before; the 8 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| iShares Russell 2000 ETF IWM | Puts | 900 | $653,850 |
| Toyo Co. Ltd TOYO | Puts | 683 | $563,475 |
| Global X FDS AIQ | Puts | 1.5K | $429,525 |
| Westrock Coffee Co. WEST | Puts | 5.2K | $361,620 |
| Turning PT Brands Inc. TPB | Puts | 315 | $137,025 |
5 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.