Bandera Partners LLC

CIK 1399386 · View on SEC EDGAR ↗

Portfolio value
$283.9M
#5,341 of 9,443 by 13F value · top 56.6%
Positions
19
As of
June 30, 2026

Portfolio value QoQ: +28.4% 13F does not disclose cash

Top 10 holdings weight
82.36%
Top 25 holdings weight
100.00%
Positions above 1%
19
Effective number of positions
11.8

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 0.0% Est. buys $37,894,671 · sells $0

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 76.0% still held

New positions
2
Increased
0
Decreased
0
Closed
1
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Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+16.5%
S&P 500 total return (same window)
+28.1%
Excess return
-11.6%

Annualized: +10.8% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 100.0% · Options excluded: 0.0%

Sector breakdown

Health Care
18.5%
Technology
16.9%
Industrials
14.8%
Communication Services
12.6%
Utilities
12.4%
Consumer Discretionary
5.8%
Financial Services
4.7%
Retail
2.3%
Other/Unmapped
12.0%

Full portfolio 19 positions

Type Streak 8Q trend
SGU Star Group L.P. Common Stock $35,250,422 12.42% 2,745,360 $1,537,401
JYNT The Joint Corp. - Common Stock $34,569,459 12.18% 3,937,296 $-275,611
Unknown issuer (CUSIP: 84615Q103) $33,987,471 11.97% 198,920 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $31,921,003 11.24% 89,322 $6,235,569
AMKR Amkor Technology, Inc. - Common Stock $31,229,161 11.00% 693,519 $0
SKYW SkyWest, Inc. - Common Stock $17,790,698 6.27% 179,107 $1,343,302
MOH Molina Healthcare Inc Common Stock $13,950,700 4.91% 61,000 $5,819,400
PAR PAR Technology Corporation Common Stock $12,194,000 4.29% 700,000 $2,863,000
AMRC Ameresco, Inc. Class A Common Stock $12,145,880 4.28% 476,309 $0
RRGB Red Robin Gourmet Burgers, Inc. - Common Stock $10,786,500 3.80% 1,350,000 $6,831,000
AIOT PowerFleet, Inc. - Common Stock $9,121,781 3.21% 2,381,666 $1,786,250
BUR Burford Capital Limited Ordinary Shares $7,202,724 2.54% 1,756,762 $-737,840
TLF Tandy Leather Factory, Inc. - common stock $6,658,991 2.35% 2,857,936 $57,159
NNI Nelnet, Inc. Common Stock $6,081,625 2.14% 47,159 $0
EAT Brinker International, Inc. Common Stock $5,544,000 1.95% 33,000 $832,590
INTU Intuit Inc. - Common Stock $4,698,000 1.65% 18,000 $-3,084,840
SNAP Snap Inc. Class A Common Stock $3,907,200 1.38% 880,000 Up ×1
BTMD Biote Corp. - Class A common stock $3,903,761 1.37% 2,065,482 $1,115,360
HQI HireQuest, Inc. - Common Stock $2,974,798 1.05% 236,847 $611,065

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 84615Q103) $33,987,471 198,920 11.97%
SNAP $3,907,200 880,000 1.38%

Top movers (QoQ)

Security Action Shares Δ Value Δ
RRGB Price move only +0 +$6.8M
GOOGL Price move only +0 +$6.2M
MOH Price move only +0 +$5.8M
INTU Price move only +0 -$3.1M
PAR Price move only +0 +$2.9M
AIOT Price move only +0 +$1.8M
SGU Price move only +0 +$1.5M
SKYW Price move only +0 +$1.3M
BTMD Price move only +0 +$1.1M
EAT Price move only +0 +$833K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
OXY June 30, 2025 425,000 $20,978,000 46.3%
MTCH June 30, 2025 595,000 $18,564,000 29.6%
EXE June 30, 2025 95,000 $10,575,400 -18.5%
CMPR June 30, 2025 230,000 $10,402,900 87.5%
DYAI Sept. 30, 2025 1,383,308 $1,369,475 -39.8%
WHLR March 31, 2025 3,382 $11,397 -98.4%