GARNET EQUITY CAPITAL HOLDINGS, INC.

CIK 1423876 · View on SEC EDGAR ↗

Portfolio value
$530.0M
#3,633 of 9,443 by 13F value · top 38.5%
Positions
29
As of
June 30, 2026

Portfolio value QoQ: -17.5% 13F does not disclose cash

Top 10 holdings weight
85.15%
Top 25 holdings weight
99.10%
Positions above 1%
14
Effective number of positions
3.1

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

Turnover Q2 2026: 57.08% Est. buys $334,623,513 · sells $487,708,972

Median holding: 3.0 quarters Tracked Q4 2024–Q2 2026 · 53.7% still held

New positions
10
Increased
5
Decreased
5
Closed
2

Put-notional exposure: 56.2% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

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Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+73.4%
S&P 500 total return (same window)
+28.1%
Excess return
+45.3%

Annualized: +44.5% · 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: 96.6% · Options excluded: 69.2%

Sector breakdown

Industrials
9.9%
Utilities
6.8%
Technology
5.7%
Energy
5.7%
Health Care
4.8%
Retail
4.4%
Telecommunication
3.0%
Communications
2.3%
Communication Services
0.6%
Other/Unmapped
56.8%

Full portfolio 29 positions

Type Streak 8Q trend
QQQ Invesco QQQ Trust, Series 1 $294,560,000 55.58% 400,000 Put option Up ×1
TLN Talen Energy Corporation - Common Stock $24,798,988 4.68% 64,537 $4,196,841
FTAI FTAI Aviation Ltd. - Common Stock $24,355,275 4.60% 90,028 $2,298,415
GRPN Groupon, Inc. - Common Stock $23,356,871 4.41% 970,776 $11,948,817 Up ×1
TBCH Turtle Beach Corporation - Common Stock $18,759,150 3.54% 1,506,759 $3,407,606 Down ×1
ATEX Anterix Inc. - Common Stock $16,070,890 3.03% 156,119 $2,952,778 Down ×2
ESTA Establishment Labs Holdings Inc. - Common Shares $14,629,747 2.76% 170,490 $-385,270 Down ×1
NTGR NETGEAR, Inc. - Common Stock $12,064,968 2.28% 516,701 $-1,489,198 Down ×1
GLNG Golar LNG Limited - Common Shares $11,687,679 2.21% 234,504 $-189,682 Up ×1
HNRG Hallador Energy Company - Common Stock $11,023,434 2.08% 633,895 $3,982,757 Up ×3
SNDA Sonida Senior Living, Inc. Common Stock $10,990,214 2.07% 269,368 $4,800,536 Up ×1
FIP FTAI Infrastructure Inc. - Common Stock $10,041,781 1.89% 2,164,177 $365,709 Up ×1
AZ A2Z Cust2Mate Solutions Corp. - Common Shares $8,762,580 1.65% 1,505,598 $-1,279,759
CCJ Cameco Corporation Common Stock $7,700,005 1.45% 75,594 $-510,259
GLNG Golar LNG Limited - Common Shares $4,984,000 0.94% 100,000 Call option
NN NextNav Inc. - Common stock $4,457,500 0.84% 250,000 Up ×1
GEO Geo Group Inc (The) REIT $4,448,634 0.84% 150,546
NN NextNav Inc. - Common stock $3,566,000 0.67% 200,000 Call option Up ×1
NN NextNav Inc. - Common stock $3,566,000 0.67% 200,000 Put option Up ×1
Unknown issuer (CUSIP: 86723E104) $3,361,251 0.63% 149,190 Up ×1
CLMT Calumet, Inc - Common Stock $2,908,471 0.55% 80,746 $-708,310 Down ×5
CXW CoreCivic, Inc. Common Stock $2,751,729 0.52% 90,577 Up ×1
KTOS Kratos Defense & Security Solutions, Inc. - Common Stock $2,243,700 0.42% 45,000
URNM $2,087,087 0.39% 39,686 $-419,084
NXE Nexgen Energy Ltd. Common Shares $2,065,800 0.39% 220,000 $-486,200
SATS EchoStar Corporation - Common stock $2,030,000 0.38% 20,000 Up ×1
MTCH Match Group, Inc. - Common Stock $1,130,237 0.21% 29,704 $218,027
UEC $906,100 0.17% 85,000 $-241,400
NFE New Fortress Energy Inc. - Class A Common Stock $706,454 0.13% 1,945,617 $-441,460

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
HNRG $11,023,434 2.08% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
QQQ $294,560,000 400,000 55.58%
GLNG $4,984,000 100,000 0.94%
NN $4,457,500 250,000 0.84%
GEO $4,448,634 150,546 0.84%
NN $3,566,000 200,000 0.67%
NN $3,566,000 200,000 0.67%
Unknown issuer (CUSIP: 86723E104) $3,361,251 149,190 0.63%
CXW $2,751,729 90,577 0.52%
KTOS $2,243,700 45,000 0.42%
SATS $2,030,000 20,000 0.38%

Top movers (QoQ)

Security Action Shares Δ Value Δ
GRPN Bought more +12K +$11.9M
SNDA Bought more +77K +$4.8M
TLN Price move only +0 +$4.2M
HNRG Bought more +201K +$4.0M
TBCH Trimmed -7K +$3.4M
ATEX Trimmed -187K +$3.0M
FTAI Price move only +0 +$2.3M
NTGR Trimmed -104K -$1.5M
AZ Price move only +0 -$1.3M
CLMT Trimmed -20K -$708K

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
SPY June 30, 2026 700,000 $455,238,000 No longer tracked
SPY Sept. 30, 2025 300,000 $185,355,000 No longer tracked
KTOS March 31, 2026 275,500 $20,913,205 -17.5%
KBR June 30, 2025 180,424 $8,986,919 -20.0%
SEATXXXX Sept. 30, 2025 2,624,823 $4,435,951 No longer tracked
SOC March 31, 2026 457,891 $4,130,177 -67.5%
DBRG March 31, 2026 200,000 $3,068,000 3.3%
BGC Dec. 31, 2025 269,790 $2,552,213 30.4%
XPOF Dec. 31, 2025 258,587 $2,014,393 -39.1%
CCOI June 30, 2026 100,000 $1,884,000 -28.9%
BNED Dec. 31, 2025 175,400 $1,745,230 30.6%
AMZN June 30, 2025 7,400 $1,407,924 17.5%
SEAT Dec. 31, 2025 76,130 $1,265,281 -5.1%
NBIS March 31, 2025 40,000 $1,108,000 981.7%
GEO Sept. 30, 2025 20,000 $479,000 55.9%