First Sabrepoint Capital Management LP
Net seller this quarter
$304M
20
-$53.7M
57.5%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 TPB | $40.7M | 13.39% | 2.48% | +20.0% | Q4 2017 |
 FCFS | $37.2M | 12.24% | 0.39% | -2.9% | Q2 2023 |
 STRL | $16.8M | 5.52% | 0.07% | Not reported | Q2 2023 |
 EGY | $16.8M | 5.51% | 3.14% | +135.7% | Q4 2022 |
 TFIN | $11.8M | 3.89% | 0.65% | +40.1% | Q3 2022 |
 CVCO | $11.4M | 3.74% | 0.24% | -44.0% | Q4 2023 |
 AMRZ | $10.7M | 3.51% | 0.04% | +6.4% | Q2 2025 |
 UCTT | $9.98M | 3.28% | 0.15% | -44.0% | Q1 2026 |
 BTI | $9.88M | 3.25% | 0.01% | +6.7% | Q1 2025 |
 NPKI | $9.55M | 3.14% | 0.71% | +9.1% | Q4 2025 |
 LAUR | $9.03M | 2.97% | 0.18% | +0.3% | Q2 2024 |
 MTDR | $8.96M | 2.95% | 0.15% | +33.3% | Q1 2026 |
 TH | $8.55M | 2.81% | 0.42% | -30.2% | Q4 2022 |
 BBW | $6.45M | 2.12% | 1.68% | +11.9% | Q2 2025 |
 SFM | $5.5M | 1.81% | 0.07% | Not reported | Q1 2026 |
 RUSHA | $5.47M | 1.80% | Not reported | New | Q2 2026 |
 LWAY | $5.07M | 1.67% | 1.13% | New | Q2 2026 |
 AZO | $4.79M | 1.58% | 0.01% | -40.0% | Q3 2022 |
 BOOT | $3.29M | 1.08% | 0.07% | New | Q2 2026 |
 KOS | $2.11M | 0.69% | 0.17% | Not reported | Q3 2021 |
| Q1 2026 | |||||
| TPB | $34.7M | 12.60% | 2.09% | Not reported | Q4 2017 |
| FCFS | $33.3M | 12.08% | 0.40% | -9.2% | Q2 2023 |
| CVCO | $16M | 5.81% | 0.43% | +22.4% | Q4 2023 |
| AMRZ | $10.5M | 3.82% | 0.03% | -6.0% | Q2 2025 |
 LOPE | $9.86M | 3.58% | 0.22% | +16.0% | Q4 2017 |
 CVSA | $9.22M | 3.35% | 0.24% | -40.7% | Q4 2025 |
| EGY | $8.88M | 3.22% | 1.34% | -7.3% | Q4 2022 |
| BTI | $8.77M | 3.18% | 0.01% | Not reported | Q1 2025 |
| LAUR | $8.64M | 3.14% | 0.18% | -50.4% | Q2 2024 |
| MTDR | $8.53M | 3.09% | 0.11% | New | Q1 2026 |
| AZO | $8.44M | 3.06% | 0.02% | -16.7% | Q3 2022 |
 BTU | $8.24M | 2.99% | 0.21% | +150.0% | Q4 2025 |
| STRL | $8.15M | 2.96% | 0.07% | -33.3% | Q2 2023 |
| NPKI | $7.97M | 2.89% | 0.65% | -15.4% | Q4 2025 |
 ICHR | $7.92M | 2.88% | 0.49% | New | Q1 2026 |
| UCTT | $7.77M | 2.82% | 0.28% | New | Q1 2026 |
| BBW | $7.05M | 2.56% | 1.47% | Not reported | Q2 2025 |
| TFIN | $6.6M | 2.40% | 0.46% | +23.4% | Q3 2022 |
 ENTG | $6.45M | 2.34% | 0.04% | New | Q1 2026 |
| TH | $5.58M | 2.03% | 0.60% | +301.2% | Q4 2022 |
 VSNT | $5.55M | 2.01% | Not reported | New | Q1 2026 |
| SFM | $5.01M | 1.82% | 0.07% | New | Q1 2026 |
 PARR | $3.13M | 1.14% | 0.10% | New | Q1 2026 |
| BLD | $2.81M | 1.02% | 0.03% | Not reported | Q2 2023 |
| KOS | $2.78M | 1.01% | 0.21% | Not reported | Q3 2021 |
 COLD | $1.97M | 0.71% | 0.06% | New | Q1 2026 |
 GBFH | $757K | 0.27% | 0.20% | -74.3% | Q4 2025 |
| Q4 2025 | |||||
| TPB | $43.4M | 16.73% | 2.10% | Not reported | Q4 2017 |
| FCFS | $31.1M | 11.99% | 0.44% | -2.5% | Q2 2023 |
| LAUR | $16.8M | 6.50% | 0.35% | -37.5% | Q2 2024 |
| CVCO | $15.9M | 6.15% | 0.35% | -22.9% | Q4 2023 |
| CVSA | $14M | 5.39% | 0.39% | New | Q4 2025 |
 MSFT | $12.1M | 4.67% | 0.00% | -28.6% | Q1 2020 |
| AMRZ | $10.8M | 4.17% | 0.04% | -25.9% | Q2 2025 |
| AZO | $10.2M | 3.93% | 0.02% | +62.2% | Q3 2022 |
| STRL | $9.19M | 3.55% | 0.10% | -28.6% | Q2 2023 |
| BTI | $8.49M | 3.28% | 0.01% | -51.6% | Q1 2025 |
| LOPE | $8.32M | 3.21% | 0.18% | +66.7% | Q4 2017 |
 AGM | $7.81M | 3.01% | Not reported | New | Q4 2025 |
 HAS | $7.77M | 3.00% | 0.07% | -32.3% | Q2 2019 |
| NPKI | $7.75M | 2.99% | 0.72% | New | Q4 2025 |
 EEFT | $7.7M | 2.97% | 0.24% | Not reported | Q1 2018 |
 PGNY | $6.42M | 2.48% | 0.30% | -28.6% | Q3 2020 |
| TFIN | $5.62M | 2.17% | 0.38% | Not reported | Q3 2022 |
| EGY | $5.5M | 2.12% | 1.45% | -20.5% | Q4 2022 |
| GBFH | $3.73M | 1.44% | 0.76% | New | Q4 2025 |
| BLD | $3.34M | 1.29% | 0.03% | Not reported | Q2 2023 |
| BTU | $2.97M | 1.15% | 0.08% | New | Q4 2025 |
 WD | $1.8M | 0.70% | 0.09% | -75.0% | Q3 2019 |
 COOK | $1.32M | 0.51% | 44.49% | New | Q4 2025 |
| TH | $1.2M | 0.46% | 0.15% | Not reported | Q4 2022 |
| Q3 2025 | |||||
| TPB | $39.5M | 12.52% | 2.22% | Not reported | Q4 2017 |
| FCFS | $31.7M | 10.03% | 0.45% | Not reported | Q2 2023 |
| LAUR | $25.2M | 7.99% | 0.54% | -11.1% | Q2 2024 |
| CVCO | $20.3M | 6.43% | 0.44% | +16.7% | Q4 2023 |
| MSFT | $18.1M | 5.74% | 0.00% | Not reported | Q1 2020 |
| BTI | $16.5M | 5.21% | 0.01% | -11.4% | Q1 2025 |
| STRL | $14.3M | 4.52% | 0.14% | -16.0% | Q2 2023 |
| AMRZ | $13.1M | 4.15% | 0.05% | +170.0% | Q2 2025 |
| HAS | $10.6M | 3.36% | 0.10% | -31.7% | Q2 2019 |
| WD | $10M | 3.18% | 0.36% | +2.6% | Q3 2019 |
| AZO | $7.94M | 2.51% | 0.01% | Not reported | Q3 2022 |
 MAA | $7.69M | 2.43% | 0.05% | -26.7% | Q2 2024 |
| EGY | $7.64M | 2.42% | 1.82% | -5.0% | Q4 2022 |
| PGNY | $7.53M | 2.38% | 0.41% | +52.2% | Q3 2020 |
| LOPE | $6.59M | 2.08% | 0.11% | -25.0% | Q4 2017 |
 GRBK | $5.17M | 1.64% | 0.16% | -12.2% | Q4 2023 |
| BLD | $3.13M | 0.99% | 0.03% | Not reported | Q2 2023 |
 OPRA | $2.68M | 0.85% | 0.15% | New | Q3 2025 |