RBF Capital, LLC

CIK 1134621 · latest 13F filed 14 August 2026 · Read the filing on EDGAR

RBF Capital, LLC reported 506 US-listed holdings worth $2.39 billion in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Morgan Stanley (7.1%), SPDR S&P 500 (4.6%) and AppLovin Corp. (2.5%). Against the quarter before, it opened 44 positions, added to 27, trimmed 59 and sold out of 25.

Reported holdings$2.39B+17.2% on Q1 2026

Positions506+19 on Q1 2026

The largest ten27.6%of its reported holdings

Latest 13FQ2 2026filed 14 August 2026

Where the money is

Held

The 14 largest of its 506 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 44Added 27Held 376Trimmed 59Sold out 25

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 44

Frontdoor, Inc. FTDR$8.9 million
SAP SE SAP$8.4 million
Wayfair Inc. W$5.5 million
NetApp, Inc. NTAP$4.6 million
CCC Intelligent Solutions HL CCC$4.4 million
Workday, Inc. WDAY$3.1 million
Okta, Inc. OKTA$2.0 million
Virgin Galactic Holdings Inc. SPCE$1.8 million

and 36 more in the table below

Added to 27

Ceco Environmental Corp. Com CECO+88,920 shares · +2280%
Fiserv Inc. FISV+150,200 shares · +751%
Mohawk Industries Inc. MHK+57,200 shares · +127%
Booking Holdings Inc. BKNG+36,000 shares · +2400%
United Rentals, Inc. URI+4,500 shares · +35%
American International Group, Inc. AIG+41,173 shares · +41%
Sunbelt Rentals Holdings Inc. SUNB+30,000 shares · +100%
Ally Financial Inc. ALLY+30,000 shares · +120%

and 19 more in the table below

Trimmed 59

Pg&E Corp. PCG-250,000 shares · -62%
Makemytrip Limited Mauritius MMYT-76,010 shares · -35%
ManpowerGroup Inc. MAN-113,842 shares · -24%
Commercial Veh Group Inc. CVGI-454,335 shares · -68%
Diversified Healthcare Trust DHC-216,829 shares · -22%
NN Inc. NNBR-447,584 shares · -54%
Civeo Corp. Cda CVEO-45,000 shares · -82%
Newell Brands Inc. NWL-160,000 shares · -76%

and 51 more in the table below

Sold out of 25

Thermon Group Hldgs Inc. THR$7.6 million last quarter
Sonoco Products Co. SON$3.3 million last quarter
CSG Sys Intl Inc. CSGS$2.4 million last quarter
Honeywell International Inc. HON$2.3 million last quarter
VS Trust SVIX$1.8 million last quarter
Fonar Corp. FONR$1.7 million last quarter
Celanese Corp. CE$1.6 million last quarter
Campbell'S Co. CPB$1.3 million last quarter

What it holds

Company	Shares	Value	Of its book	Change in shares
Morgan Stanley MS	810,432	$169.4 million	7.10%	no change
SPDR S&P 500 SPY	146,300	$109.3 million	4.58%	no change
AppLovin Corp. APP	114,955	$59.2 million	2.48%	no change
Meta Platforms, Inc. META	105,000	$59.1 million	2.48%	no change
Berkshire Hathaway Inc. Del	76	$56.9 million	2.38%	no change
Danaos Corporation DAC	418,015	$51.2 million	2.14%	no change
Bank of America Corp. BAC	760,000	$43.3 million	1.81%	no change
Alphabet Inc. GOOG	120,000	$42.4 million	1.78%	no change
Apple Inc. AAPL	120,000	$34.7 million	1.45%	no change
Mastercard Inc. MA	65,500	$33.6 million	1.41%	no change
Visa Inc. V	95,000	$32.6 million	1.37%	no change
HCA Healthcare, Inc. HCA	75,000	$29.2 million	1.23%	no change
Modine Manufacturing Co MOD	100,000	$26.7 million	1.12%	no change
Lincoln Edl Svcs Corp. LINC	499,070	$24.9 million	1.04%	no change
Willis Lease Fin Corp. WLFC	107,711	$24.6 million	1.03%	no change
Fair Isaac Corp. FICO	20,000	$23.9 million	1.00%	no change
Goldman Sachs Group Inc. GS	23,000	$23.3 million	0.97%	no change
Builders Firstsource Inc. BLDR	258,702	$23.1 million	0.97%	no change
UnitedHealth Group Inc. UNH	55,000	$22.9 million	0.96%	no change
S&P Global Inc. SPGI	50,000	$20.4 million	0.85%	no change
Universal Technical Institute Inc. UTI	475,840	$20.4 million	0.85%	no change
United Rentals, Inc. URI	17,500	$19.8 million	0.83%	+4,500
Entegris Inc. ENTG	110,000	$19.8 million	0.83%	no change
Yandex N V NBIS	70,000	$19.3 million	0.81%	no change
Energy Transfer LP ET	1,000,000	$19.1 million	0.80%	no change
SPDR Ser Trust SPYM	214,574	$18.9 million	0.79%	no change
Brookdale SR Living Inc. BKD	1,160,000	$18.7 million	0.78%	no change
Microsoft Corp. MSFT	50,000	$18.7 million	0.78%	no change
Alphabet Inc. GOOGL	50,000	$17.9 million	0.75%	no change
Tenet Healthcare Corp. THC	93,237	$17.4 million	0.73%	no change
Oppenheimer Hldgs Inc. OPY	163,771	$17.3 million	0.72%	no change
UBS Group AG UBS	340,000	$16.9 million	0.71%	no change
Amazon.com Inc. AMZN	70,000	$16.7 million	0.70%	+5,000
Uber Technologies, Inc. UBER	228,000	$16.5 million	0.69%	no change
Global Ship Lease Inc. New GSL	437,463	$16.4 million	0.69%	no change
State Street Corp. STT	96,000	$16.3 million	0.68%	no change
Caterpillar Inc. CAT	15,000	$16.0 million	0.67%	no change
Jones Lang Lasalle Inc. JLL	50,000	$15.5 million	0.65%	no change
PepsiCo Inc. PEP	108,400	$14.7 million	0.62%	no change
Tapestry, Inc. TPR	100,000	$14.6 million	0.61%	no change
Willdan Group Inc. WLDN	184,600	$14.6 million	0.61%	no change
Bank of New York Mellon Corp. BNY	100,000	$14.5 million	0.61%	no change
Delta Air Lines, Inc. DAL	150,000	$14.0 million	0.59%	no change
Capital One Financial Corp. COF	68,916	$13.8 million	0.58%	-3,680
JPMorgan Chase & Co. JPM	41,000	$13.4 million	0.56%	no change
Vestis Corp. VSTS	920,000	$13.4 million	0.56%	+41,749
Toll Brothers, Inc. TOL	80,500	$13.3 million	0.56%	no change
Oscar Health Inc. Class A OSCR	449,604	$12.8 million	0.54%	no change
Broadcom Inc. AVGO	33,730	$12.7 million	0.53%	no change
Ardmore Shipping Corp. ASC	901,880	$12.6 million	0.53%	no change
Victory Capital Holdings, Inc. VCTR	149,063	$12.5 million	0.53%	no change
Mohawk Industries Inc. MHK	102,200	$12.4 million	0.52%	+57,200
Wells Fargo & Company WFC	150,000	$12.4 million	0.52%	no change
ManpowerGroup Inc. MAN	361,175	$12.2 million	0.51%	-113,842
Walmart Inc. WMT	102,822	$11.6 million	0.49%	no change
MSCI Inc. MSCI	20,000	$11.2 million	0.47%	no change
IES Holdings, Inc. IESC	15,000	$11.0 million	0.46%	no change
United Airlines Holdings, Inc. UAL	80,000	$10.9 million	0.46%	no change
Barclays plc BCS	400,000	$10.7 million	0.45%	no change
American International Group, Inc. AIG	141,173	$10.5 million	0.44%	+41,173
SiriusPoint Ltd. SPNT	416,943	$10.0 million	0.42%	no change
Stewart Information Services Corp. STC	145,540	$9.6 million	0.40%	no change
CNO Financial Group, Inc. CNO	185,034	$9.4 million	0.40%	no change
BGC Group, Inc. BGC	880,325	$9.4 million	0.39%	no change
Vipshop Hldgs Ltd VIPS	700,000	$9.3 million	0.39%	no change
American Express Co. AXP	27,000	$9.1 million	0.38%	+4,000
Frontdoor, Inc. FTDR	115,000	$8.9 million	0.37%	new
Phillips 66 PSX	50,000	$8.5 million	0.35%	no change
SAP SE SAP	54,677	$8.4 million	0.35%	new
Ceco Environmental Corp. Com CECO	92,820	$8.4 million	0.35%	+88,920
Fiserv Inc. FISV	170,200	$8.3 million	0.35%	+150,200
Astronics Corp. ATRO	100,372	$8.2 million	0.34%	no change
Vishay Intertechnology Inc. VSH	150,000	$8.1 million	0.34%	no change
NVIDIA Corp. NVDA	40,000	$8.0 million	0.34%	no change
Openlane, Inc. OPLN	194,000	$8.0 million	0.34%	-3,000
Dorian LPG Ltd. LPG	219,406	$7.6 million	0.32%	no change
Janus International Group in JBI	1,367,194	$7.6 million	0.32%	-34,420
Makemytrip Limited Mauritius MMYT	140,500	$7.5 million	0.31%	-76,010
SPDR S&P MidCap 400 ETF MDY	10,000	$7.0 million	0.29%	no change
Silgan Holdings Inc. SLGN	150,990	$7.0 million	0.29%	-8,681
Diversified Healthcare Trust DHC	750,000	$7.0 million	0.29%	-216,829
PulteGroup Inc. PHM	50,000	$6.9 million	0.29%	no change
Grayscale Bitcoin Trust BTC GBTC	150,000	$6.8 million	0.29%	no change
M/I Homes, Inc. MHO	41,700	$6.7 million	0.28%	no change
Booking Holdings Inc. BKNG	37,500	$6.7 million	0.28%	+36,000
Flex Ltd. FLEX	40,000	$6.5 million	0.27%	no change
Arrow Electronics, Inc. ARW	30,000	$6.4 million	0.27%	no change
Baker Hughes Co. BKR	115,000	$6.4 million	0.27%	-5,000
Renaissancere Holdings Ltd. RNR	20,000	$6.3 million	0.27%	no change
Wesco International Inc. WCC	18,000	$6.2 million	0.26%	no change
Amcor plc AMCR	139,500	$6.0 million	0.25%	+5,713
Natural Gas Svcs Group Inc. Com NGS	140,000	$6.0 million	0.25%	no change
Crocs, Inc. CROX	50,000	$6.0 million	0.25%	no change
Huntington Bancshares Inc. HBAN	339,596	$6.0 million	0.25%	no change
Xpo, Inc. XPO	29,000	$6.0 million	0.25%	no change
Global Indemnity Group LLC GBLI	233,978	$5.9 million	0.25%	+19,286
Leggett & Platt Inc. LEG	500,000	$5.9 million	0.25%	no change
BlackRock, Inc. BLK	6,000	$5.8 million	0.24%	no change
Coca-Cola Co. KO	70,000	$5.7 million	0.24%	no change
Radian Group Inc. RDN	150,000	$5.7 million	0.24%	+10,000
Myers Inds Inc. MYE	157,810	$5.6 million	0.23%	no change
Gibraltar Industries, Inc. ROCK	123,099	$5.6 million	0.23%	no change
Motorcar PTS Amer Inc. MPAA	359,252	$5.5 million	0.23%	+61,000
Carriage Svcs Inc. CSV	143,430	$5.5 million	0.23%	no change
Live Nation Entertainment, Inc. LYV	30,000	$5.5 million	0.23%	no change
Wayfair Inc. W	59,000	$5.5 million	0.23%	new
James Riv Group Ltd JRVR	1,221,980	$5.4 million	0.23%	+93,455
Dimensional ETF Trust DFAI	130,000	$5.4 million	0.22%	no change
Dimensional ETF Trust DFAX	140,000	$5.2 million	0.22%	no change
AerCap Holdings N.V. AER	35,000	$5.1 million	0.21%	no change
Tfi Intl Inc. TFII	35,500	$5.1 million	0.21%	no change
Hippo Hldgs Inc. HIPO	180,000	$5.1 million	0.21%	no change
Royal Caribbean Cruises Ltd. RCL	16,000	$5.1 million	0.21%	no change
Bar HBR Bankshares BHB	133,270	$5.0 million	0.21%	no change
Airbnb, Inc. ABNB	35,000	$5.0 million	0.21%	-2,000
Jefferies Financial Group Inc. JEF	100,000	$5.0 million	0.21%	no change
Onity Group Inc. ONIT	124,204	$4.9 million	0.21%	+3,548
PNC Financial Services Group, Inc. PNC	20,000	$4.9 million	0.21%	no change
Mondelez International, Inc. MDLZ	85,000	$4.9 million	0.21%	no change
Dimensional ETF Trust DFIC	130,000	$4.8 million	0.20%	no change
U S Physical Therapy Inc. USPH	69,999	$4.8 million	0.20%	no change
Argan Inc. AGX	6,000	$4.8 million	0.20%	no change
Hooker Furnishings Corporati HOFT	264,518	$4.7 million	0.20%	no change
Avnet Inc. AVT	52,400	$4.7 million	0.20%	no change
NetApp, Inc. NTAP	30,000	$4.6 million	0.19%	new
Multiplan Corporation CTEV	135,314	$4.6 million	0.19%	no change
Sunbelt Rentals Holdings Inc. SUNB	60,000	$4.5 million	0.19%	+30,000
Ebay Inc. EBAY	40,000	$4.5 million	0.19%	no change
CCC Intelligent Solutions HL CCC	848,364	$4.4 million	0.18%	new
Dell Technologies Inc. DELL	10,000	$4.3 million	0.18%	+3,000
Anheuser-Busch InBev SA/NV BUD	50,000	$4.1 million	0.17%	no change
Flexsteel Inds Inc. FLXS	55,000	$4.1 million	0.17%	no change
Ralph Lauren Corp. RL	10,000	$4.0 million	0.17%	-1,453
Marinemax Inc. HZO	106,128	$3.9 million	0.16%	-702
Centene Corp. CNC	60,000	$3.9 million	0.16%	no change
Stratus Pptys Inc. STRS	133,131	$3.8 million	0.16%	no change
CrowdStrike Holdings, Inc. CRWD	5,000	$3.8 million	0.16%	no change
Sifco Inds Inc. SIF	158,919	$3.7 million	0.16%	-100
Brady Corp. BRC	40,000	$3.7 million	0.15%	no change
Esquire Finl Hldgs Inc. ESQ	30,000	$3.6 million	0.15%	no change
Mueller Water Products, Inc. MWA	135,855	$3.5 million	0.15%	no change
Johnson Controls International plc JCI	23,875	$3.5 million	0.15%	no change
Vanguard Star FDS VXUS	40,000	$3.4 million	0.14%	no change
RPM International Inc. RPM	30,000	$3.3 million	0.14%	no change
Marsh & McLennan Companies, Inc. MRSH	20,000	$3.3 million	0.14%	no change
Bumble Inc. BMBL	1,031,718	$3.3 million	0.14%	+64,346
Lifetime Brands Inc. LCUT	382,452	$3.3 million	0.14%	-20,000
Central Garden & Pet Co. CENT	72,176	$3.2 million	0.13%	no change
Melco Resorts and Entmnt Ltd MLCO	600,000	$3.2 million	0.13%	-50,000
HF Sinclair Corp. DINO	45,000	$3.1 million	0.13%	no change
Workday, Inc. WDAY	25,000	$3.1 million	0.13%	new
the Realreal Inc. REAL	255,000	$3.0 million	0.13%	-15,000
Cirrus Logic, Inc. CRUS	20,000	$3.0 million	0.12%	no change
Apollo Global Management, Inc. APO	24,990	$3.0 million	0.12%	no change
Security Natl Finl Corp. SNFCA	303,534	$2.9 million	0.12%	no change
Pediatrix Medical Group, Inc. MD	115,000	$2.9 million	0.12%	no change
Orion Office REIT Inc. ONL	1,000,000	$2.9 million	0.12%	no change
Finance of America Compan FOA	102,320	$2.8 million	0.12%	+9,320
Townsquare Media Inc. TSQ	393,474	$2.8 million	0.12%	no change
Hawaiian Electric Industries Inc. HE	200,000	$2.7 million	0.11%	no change
Enterprise Finl Svcs Corp. EFSC	40,700	$2.7 million	0.11%	no change
PPG Industries Inc. PPG	22,000	$2.7 million	0.11%	no change
Element Solutions Inc. ESI	55,000	$2.6 million	0.11%	no change
Genedx Holdings Corp. WGS	37,340	$2.6 million	0.11%	no change
Grayscale Ethereum Trust Eth ETHE	200,001	$2.6 million	0.11%	no change
Turning PT Brands Inc. TPB	30,000	$2.5 million	0.11%	no change
Sanmina Corp. SANM	10,000	$2.5 million	0.11%	no change
Ally Financial Inc. ALLY	55,000	$2.5 million	0.11%	+30,000
Fox Factory Holding Corp. FOXF	149,102	$2.5 million	0.11%	+48,698
Pg&E Corp. PCG	150,000	$2.5 million	0.11%	-250,000
Dawson Geophysical Co. New DWSN	423,797	$2.5 million	0.11%	no change
Independent Bank Corp. INDB	30,000	$2.5 million	0.11%	no change
Agnc Invt Corp. AGNC	230,000	$2.5 million	0.11%	no change
LKQ Corp. LKQ	95,000	$2.5 million	0.10%	-5,000
Hanmi Financial Corp. HAFC	75,000	$2.4 million	0.10%	no change
3M Co. MMM	15,000	$2.4 million	0.10%	no change
Nasdaq, Inc. NDAQ	30,000	$2.4 million	0.10%	no change
Hubbell Inc. HUBB	4,500	$2.4 million	0.10%	no change
Agilysys Inc. AGYS	22,505	$2.4 million	0.10%	no change
SLB Limited SLB	50,000	$2.3 million	0.10%	no change
ExxonMobil Holdings Corp. XOM	17,000	$2.3 million	0.10%	no change
Central Garden & Pet Co. CENTA	58,999	$2.3 million	0.10%	no change
Acuity Inc. (De) AYI	6,000	$2.3 million	0.09%	no change
Industrial Logistics Pptys T ILPT	250,000	$2.2 million	0.09%	no change
Sensata Technologies Holding plc ST	46,000	$2.2 million	0.09%	+6,000
Columbus McKinnon Corp. N Y CMCO	143,200	$2.2 million	0.09%	no change
Smith Midland Corp. SMID	74,200	$2.2 million	0.09%	no change
Assurant, Inc. AIZ	8,000	$2.1 million	0.09%	+5,000
Grand Canyon Education, Inc. LOPE	15,000	$2.1 million	0.09%	no change
RH RH	13,000	$2.1 million	0.09%	+594
Star Bulk Carriers Corp. SBLK	85,000	$2.1 million	0.09%	no change
Trueblue Inc. TBI	304,488	$2.1 million	0.09%	-4,864
Dentsply Sirona Inc. XRAY	200,000	$2.1 million	0.09%	-5,000
Chemours Co. CC	100,000	$2.1 million	0.09%	-22,000
Okta, Inc. OKTA	15,000	$2.0 million	0.09%	new
iShares Trust MCHI	40,000	$2.0 million	0.09%	no change
Spectrum Brands Hldgs Inc. Ne SPB	23,690	$2.0 million	0.09%	no change
WillScot Holdings Corp. WSC	70,000	$2.0 million	0.08%	-20,000
Pursuit Attractions & Hospitality, Inc. PRSU	36,000	$2.0 million	0.08%	no change
Kura Sushi USA Inc. KRUS	35,000	$2.0 million	0.08%	no change
Propetro Hldg Corp. PUMP	140,000	$2.0 million	0.08%	no change
Brookdale SR Living Inc.	1,000,000	$2.0 million	0.08%	no change
Onespaworld Holdings Ltd. OSW	70,000	$2.0 million	0.08%	no change
Autodesk, Inc. ADSK	10,000	$1.9 million	0.08%	no change
Match Group, Inc. MTCH	50,000	$1.9 million	0.08%	-20,000
HSBC Holdings plc HSBC	20,000	$1.9 million	0.08%	no change
Cushman & Wakefield Ltd. CWK	140,000	$1.9 million	0.08%	no change
Williams Companies, Inc. WMB	25,000	$1.9 million	0.08%	no change
Valero Energy Corp. VLO	7,000	$1.8 million	0.08%	no change
National Bankshares Inc. Va NKSH	50,000	$1.8 million	0.08%	no change
TransUnion TRU	25,000	$1.8 million	0.08%	no change
Everest Group, Ltd. EG	5,000	$1.8 million	0.07%	no change
Virgin Galactic Holdings Inc. SPCE	616,185	$1.8 million	0.07%	new
Kraft Heinz Co. KHC	75,000	$1.8 million	0.07%	new
Cisco Systems, Inc. CSCO	15,000	$1.8 million	0.07%	no change
the Realreal Inc.	1,875,000	$1.7 million	0.07%	no change
PayPal Holdings, Inc. PYPL	40,000	$1.7 million	0.07%	no change
UGI Corp. UGI	50,000	$1.7 million	0.07%	no change
Charles Schwab Corp. SCHW	18,500	$1.7 million	0.07%	no change
Chipotle Mexican Grill Inc. CMG	50,000	$1.7 million	0.07%	no change
DXP Enterprises Inc. DXPE	10,000	$1.7 million	0.07%	no change
Vanguard FTSE All-World ex-US ETF VEU	20,000	$1.7 million	0.07%	no change
Bassett Furniture Inds Inc. BSET	94,306	$1.7 million	0.07%	no change
Northern Trust Corp. NTRS	9,600	$1.7 million	0.07%	no change
Kroger Co. KR	30,000	$1.7 million	0.07%	no change
Ferroglobe PLC GSM	521,005	$1.7 million	0.07%	no change
Twilio Inc. TWLO	8,000	$1.7 million	0.07%	no change
First American Financial Corp. FAF	24,000	$1.6 million	0.07%	no change
UFP Industries Inc. UFPI	18,096	$1.6 million	0.07%	new
Popular Inc. BPOP	10,000	$1.6 million	0.07%	no change
Maxcyte Inc. MXCT	1,322,443	$1.6 million	0.07%	new
Barrett Business Svcs Inc. BBSI	45,773	$1.6 million	0.07%	no change
Unilever plc UL	26,666	$1.6 million	0.07%	no change
Equifax Inc. EFX	10,000	$1.6 million	0.07%	no change
Vistra Corp. VST	10,000	$1.6 million	0.07%	no change
Vanguard Intl Equity Index F VT	10,000	$1.6 million	0.07%	no change
St. Joe Co. JOE	25,000	$1.6 million	0.07%	no change
Gildan Activewear Inc. GIL	30,000	$1.5 million	0.06%	no change
Hawthorn Bancshares Inc. HWBK	39,167	$1.5 million	0.06%	no change
PDD Holdings Inc. PDD	20,000	$1.5 million	0.06%	no change
Service Corp. International SCI	20,000	$1.5 million	0.06%	no change
Macerich Co. MAC	60,000	$1.5 million	0.06%	-15,000
Garmin Ltd. GRMN	6,362	$1.5 million	0.06%	no change
Lear Corp. LEA	11,224	$1.5 million	0.06%	no change
Genworth Financial Inc. GNW	158,000	$1.5 million	0.06%	no change
Universal Health Services Inc. UHS	10,000	$1.5 million	0.06%	no change
Rockwell Automation, Inc. ROK	3,000	$1.5 million	0.06%	no change
U Haul Holding Company UHALB	25,200	$1.5 million	0.06%	no change
Assured Guaranty Ltd. AGO	18,000	$1.4 million	0.06%	no change
Arhaus Inc. ARHS	169,245	$1.4 million	0.06%	new
Vanguard Ftse Developed Markets VEA	20,000	$1.4 million	0.06%	no change
Occidental Petroleum Corp. OXY	29,000	$1.4 million	0.06%	no change
CDW Corp. CDW	10,000	$1.4 million	0.06%	no change
NN Inc. NNBR	387,345	$1.4 million	0.06%	-447,584
Ezcorp Inc. EZPW	40,000	$1.4 million	0.06%	no change
Ultralife Corp. ULBI	218,714	$1.4 million	0.06%	no change
Gencor Inds Inc. GENC	91,137	$1.4 million	0.06%	no change
Artesian Resource ARTNA	40,000	$1.4 million	0.06%	no change
Willis Towers Watson plc WTW	5,000	$1.3 million	0.05%	no change
ADT Inc. ADT	200,000	$1.3 million	0.05%	no change
Consolidated Water Co. Inc. CWCO	44,017	$1.3 million	0.05%	no change
Truist Financial Corp. TFC	25,900	$1.3 million	0.05%	no change
Perdoceo Education Corp. PRDO	40,000	$1.3 million	0.05%	no change
Kinder Morgan, Inc. KMI	40,000	$1.3 million	0.05%	no change
Miller Inds Inc. Tenn MLR	25,000	$1.3 million	0.05%	no change
Xoma Royalty Corporation XOMA	30,000	$1.3 million	0.05%	no change
JD.com, Inc. JD	50,000	$1.3 million	0.05%	no change
Buckle Inc. BKE	30,000	$1.3 million	0.05%	no change
Meritage Homes Corp. MTH	15,000	$1.3 million	0.05%	no change
iShares Trust SCZ	15,000	$1.2 million	0.05%	no change
Mission Produce Inc. AVO	104,410	$1.2 million	0.05%	no change
Kelly Svcs Inc. KELYA	100,000	$1.2 million	0.05%	-10,000
Sunrise Rlty Trust Inc. SUNS	152,283	$1.2 million	0.05%	new
Regal Rexnord Corp. RRX	5,000	$1.2 million	0.05%	no change
American Vanguard Corp. AVD	418,583	$1.2 million	0.05%	new
Twin Disc Inc. TWIN	50,380	$1.2 million	0.05%	-3,652
Plumas Bancorp PLBC	20,000	$1.2 million	0.05%	no change
Medifast, Inc. MED	109,000	$1.2 million	0.05%	new
DLH Hldgs Corp. DLHC	220,000	$1.2 million	0.05%	no change
Preformed Line Prods Co. PLPC	2,800	$1.1 million	0.05%	no change
Chord Energy Corp. CHRD	10,000	$1.1 million	0.05%	no change
Honeywell International Inc. HON	5,000	$1.1 million	0.05%	new
Honeywell Aerospace Inc. Com HONA	5,000	$1.1 million	0.05%	new
Investors Title Co. NC ITIC	4,000	$1.1 million	0.05%	no change
Ellington Financial Inc. EFC	80,000	$1.1 million	0.05%	no change
Philip Morris International Inc. PM	6,000	$1.1 million	0.05%	no change
Lensar Inc. LNSR	188,661	$1.1 million	0.05%	+143,134
Newmark Group Inc. NMRK	70,000	$1.1 million	0.04%	no change
AllianceBernstein Holding LP AB	30,000	$1.1 million	0.04%	no change
Perrigo Co. plc PRGO	100,000	$1.0 million	0.04%	-80,000
Landstar System Inc. LSTR	5,000	$1.0 million	0.04%	-500
Expedia Group, Inc. EXPE	4,000	$1.0 million	0.04%	no change
Inmode Ltd INMD	70,000	$1.0 million	0.04%	no change
Palo Alto Networks Inc. PANW	3,000	$1.0 million	0.04%	-2,000
nVent Electric plc NVT	6,000	$1.0 million	0.04%	no change
Oak Vy Bancorp Oakdale Calif OVLY	30,000	$1.0 million	0.04%	no change
Beazer Homes USA Inc. BZH	35,974	$1.0 million	0.04%	-19,026
HNI Corp. HNI	24,920	$1.0 million	0.04%	no change
First Cmnty Corp. S C FCCO	30,800	$1.0 million	0.04%	no change
Korn Ferry KFY	15,000	$998,700	0.04%	no change

Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported; the largest 300 here.

Change is shares against its 13F for the quarter before; the 25 it sold out of are in the box above.

Options it reported

Company	Option	Shares under the options	Value of those shares
Berkshire Hathaway Inc. Class B BRKB	Puts	25,000	$12.5 million
Invesco QQQ Trust QQQ	Puts	5,000	$3.7 million
Avis Budget Group, Inc. CAR	Puts	16,800	$2.5 million
Tesla, Inc. TSLA	Puts	4,000	$1.7 million
Microstrategy Inc. MSTR	Puts	10,000	$869,300

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.