FIRST SABREPOINT CAPITAL MANAGEMENT LP

CIK: 0001731530SEC EDGAR →

Portfolio Value

$259.1B

Holdings

29

As of

Q4 2025

New Positions

12

Closed Positions

9

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

TURNING PT BRANDS INC

400,000$43.4B
16.73%
2

FIRSTCASH HOLDINGS INC

195,000$31.1B
11.99%
3

LAUREATE EDUCATION INC

500,000$16.8B
6.50%
4

CAVCO INDS INC DEL

27,000$15.9B
6.15%
5

ADTALEM GLOBAL ED INC

135,000$14.0B
5.39%
6

MICROSOFT CORP

25,000$12.1B
4.67%
7

AMRIZE LTD

200,000$10.8B
4.17%
8

AUTOZONE INC

3,000$10.2B
3.93%
9
Call

TURNING PT BRANDS INC

87,000$9.4B
3.64%
10

STERLING INFRASTRUCTURE INC

30,000$9.2B
3.54%

Quarterly Changes

Top Buys

ATGENEW
$14.0B
AGMNEW
$7.8B
NPKINEW
$7.7B
EEFTNEW
$7.7B
TFINNEW
$5.6B

Top Sells

TURNING PT BRANDS INC↓ Decreased
$11.1B
LAUR↓ Decreased
$8.4B
WD↓ Decreased
$8.2B
BMTA↓ Decreased
$8.0B
MAACLOSED
$7.7B

New Positions (10)

$14.0B · 135K shares
$7.8B · 45K shares
$7.7B · 650K shares
$7.7B · 101K shares
$5.6B · 90K shares
$3.7B · 110K shares
$3.0B · 100K shares
$2.3B · 30K shares
$1.3B · 1.2M shares
$1.2B · 150K shares

Closed Positions (18)

$7.7B · 55K shares
$5.7B · 15K shares
$5.2B · 70K shares
$4.1B · 255K shares
$4.0B · 65K shares
$3.9B · 105K shares
$3.9B · 315K shares
$3.6B · 20K shares
$3.3B · 110K shares
$2.7B · 130K shares
$2.7B · 9K shares
$2.2B · 90K shares
DIGITAL RLTY TR INC
$1.7B · 10K shares
$1.5B · 51K shares
$1.4B · 210K shares
$880.9M · 4K shares
$435.0M · 30K shares
$368.2M · 20K shares

Sector Breakdown

Sector# HoldingsValue%
Consumer Defensive3$60.8B23.5%
Financial Services5$50.0B19.3%
Technology5$38.2B14.7%
Consumer Cyclical4$35.2B13.6%
Unknown3$26.2B10.1%
Energy3$16.2B6.3%
Industrials4$15.1B5.8%
Basic Materials1$10.8B4.2%
Healthcare1$6.4B2.5%