First Sabrepoint Capital Management
First Sabrepoint Capital Management reported 20 stocks worth $234M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are TPB (17.4%), FCFS (15.9%) and STRL (7.2%). Compared with Q1 2026, the fund opened new positions in RUSHA, LWAY and BOOT, added to TPB, EGY and TFIN, trimmed FCFS, CVCO and UCTT and sold out of LOPE, CVSA and BTU.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  TPB Turning PT Brands Inc | $40.7M | 17.4% | 480K | +80K (+20%) | 8 of 8 | |
| 2 |  FCFS Firstcash Holdings Inc | $37.2M | 15.9% | 172K | −5,044 (−3%) | 8 of 8 | |
| 3 |  STRL Sterling Infrastructure | $16.8M | 7.2% | 20K | No change | 8 of 8 | |
| 4 |  EGY Vaalco Energy Inc | $16.8M | 7.2% | 3.3M | +1.9M (+136%) | 8 of 8 | |
| 5 |  TFIN Triumph Financial Inc | $11.8M | 5.1% | 155K | +44K (+40%) | 6 of 8 | |
| 6 |  CVCO Cavco Inds Inc Del | $11.4M | 4.9% | 19K | −15K (−44%) | 8 of 8 | |
| 7 |  AMRZ Amrize Ltd | $10.7M | 4.6% | 200K | +12K (+6%) | 5 of 8 | |
| 8 |  UCTT Ultra Clean Hldgs Inc | $10M | 4.3% | 70K | −55K (−44%) | 2 of 8 | |
| 9 |  BTI British Amern Tob PLC | $9.9M | 4.2% | 160K | +10K (+7%) | 6 of 8 | |
| 10 |  NPKI Npk International Inc | $9.5M | 4.1% | 600K | +50K (+9%) | 3 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 LOPE Grand Canyon ED Inc | $9.9M | 58K |
 CVSA Adtalem Global ED Inc | $9.2M | 80K |
 BTU Peabody Energy Corp | $8.2M | 250K |
 ICHR Ichor Holdings | $7.9M | 170K |
 ENTG Entegris Inc | $6.4M | 55K |
🔒 Free account: see all 10.
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
TPB Turning PT Brands Inc | Call | $33.1M | 390K | +36,900 |
 BNO United Sts Brent Oil FD LP | Call | $18.3M | 450K | +450,000 |
TFIN Triumph Financial Inc | Call | $7.6M | 100K | +100,000 |
FCFS Firstcash Holdings Inc | Call | $6.3M | 29K | +29,300 |
 ALK Alaska Air Group Inc | Put | $2.6M | 50K | +50,000 |
🔒 Free account: see all 7.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 14, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →First Sabrepoint Capital Management 13F FAQ
What does First Sabrepoint Capital Management own?
First Sabrepoint Capital Management reported 20 stocks worth $234M in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are TPB (17.4%), FCFS (15.9%) and STRL (7.2%). The table above lists every position in the filing (the top 10 without an account).
What did First Sabrepoint Capital Management buy and sell in Q2 2026?
Compared with Q1 2026: 3 new positions, 9 added to, 5 trimmed and 10 sold out. New positions include RUSHA, LWAY and BOOT. It sold all of LOPE, CVSA and BTU.
When will First Sabrepoint Capital Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is First Sabrepoint Capital Management's portfolio worth?
The Q2 2026 filing reports $234M in US stocks ($304M including options). That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.