FIRST SABREPOINT CAPITAL MANAGEMENT LP

Q2 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
6/30/2025
Date filed
8/14/2025
Form type
13F-HR
Num holdings
35
Total value ($000)
$280,629
Net value change ($000)
—
New positions
23
Sold out positions
0
Turnover %
100.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: — Next filing: 11/14/2025 SEC filing

Snapshot: Change Analysis

Compared to previous filing: —
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TPB 30,308 —
FCFS 27,028 —
LAUR 21,042 —
MSFT 17,409 —
BTI 16,566 —
HAS 15,133 —
CVCO 13,033 —
STRL 11,537 —
MAA 11,101 —
WD 8,246 —
Top Reduces (Value $000, Stocks/ETFs)
—
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 46,953 (16.7% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type