Q2 2026 13F · SEC CIK 1731530
First Sabrepoint Capital Management LP
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $234.0M
- Reported positions
- 20
- Top holdings a year, 3 yrs
- +11.9%
- Assets under management
- $499.5M
First Sabrepoint Capital Management LP is a hedge fund that reported 20 positions worth $234.0M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Turning Pt Brands Inc Com (TPB, 17.4%), Firstcash Holdings Inc (FCFS, 15.9%), Sterling Infrastructure Inc (STRL, 7.2%). A portfolio copying its top holdings returned 11.9% a year over the last 3 years, against 20.4% for the S&P 500.
First Sabrepoint Capital Management LP holdings all 20 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| TPBTurning Pt Brands Inc Com | 17.4% | +20.0% | $40.7M |
| FCFSFirstcash Holdings Inc | 15.9% | -2.8% | $37.2M |
| STRLSterling Infrastructure Inc | 7.2% | +0.0% | $16.8M |
| EGYVaalco Energy Inc | 7.2% | +135.7% | $16.8M |
| TBKTriumph Financial Inc | 5.1% | +40.1% | $11.8M |
| CVCOCavco Industries Inc | 4.9% | -44.0% | $11.4M |
| AMRZAmrize Ltd | 4.6% | +6.4% | $10.7M |
| UCTTUltra Clean Hldgs Inc | 4.3% | -44.0% | $10.0M |
| BTIBritish Amern Tob PLC | 4.2% | +6.7% | $9.9M |
| NPKINpk International Inc | 4.1% | +9.1% | $9.5M |
| LAURLaureate Education Inc | 3.9% | +0.3% | $9.0M |
| MTDRMatador Resources Co | 3.8% | +33.3% | $9.0M |
| THTarget Hospitality Corp | 3.7% | -30.2% | $8.6M |
| BBWBuild-A-Bear Workshop Inc | 2.8% | +11.9% | $6.4M |
| SFMSprouts Fmrs Mkt Inc | 2.4% | +0.0% | $5.5M |
| RUSHARush Enterprises Class A (RUSH | 2.3% | — | $5.5M |
| LWAYLifeway Foods Inc | 2.2% | — | $5.1M |
| AZOAutozone Inc | 2.0% | -40.0% | $4.8M |
| BOOTBoot Barn Holdings Inc | 1.4% | — | $3.3M |
| KOSKosmos Energy Ltd | 0.9% | +0.0% | $2.1M |
What First Sabrepoint Capital Management LP bought and sold in Q2 2026, against Q1 2026.
New positions
- RUSHA Rush Enterprises Class A (RUSH2.3% of 13F
- LWAY Lifeway Foods Inc2.2% of 13F
- BOOT Boot Barn Holdings Inc1.4% of 13F
Added to
- EGY Vaalco Energy Inc+135.7% shares
- TBK Triumph Financial Inc+40.1% shares
- MTDR Matador Resources Co+33.3% shares
- TPB Turning Pt Brands Inc Com+20.0% shares
- BBW Build-A-Bear Workshop Inc+11.9% shares
- NPKI Npk International Inc+9.1% shares
- BTI British Amern Tob PLC+6.7% shares
- AMRZ Amrize Ltd+6.4% shares
Reduced
- CVCO Cavco Industries Inc-44.0% shares
- UCTT Ultra Clean Hldgs Inc-44.0% shares
- AZO Autozone Inc-40.0% shares
- TH Target Hospitality Corp-30.2% shares
Sold out
- LOPE Grand Canyon Ed Incwas 4.0%
- CVSA Covista Incwas 3.8%
- BTU Peabody Engr Corpwas 3.4%
- ICHR Ichor Holdingswas 3.2%
- ENTG Entegris Inc Comwas 2.6%
- VSNTV Versant Media Group Incwas 2.3%
- PARR Par Pac Holdings Incwas 1.3%
- BLD Topbuild Corwas 1.1%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +16.5% /yr
- S&P 500 +20.1%
- 3 years
- +11.9% /yr
- S&P 500 +20.4%
- 5 years
- +3.0% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $234.0M | 20 |
| Q1 2026 | $244.6M | 27 |
| Q4 2025 | $243.2M | 24 |
| Q3 2025 | $247.7M | 18 |
| Q2 2025 | $233.7M | 23 |
| Q1 2025 | $239.1M | 27 |
| Q4 2024 | $267.1M | 32 |
| Q3 2024 | $259.4M | 29 |
| Q2 2024 | $236.5M | 27 |
| Q1 2024 | $224.6M | 26 |
| Q4 2023 | $220.0M | 26 |
| Q3 2023 | $215.6M | 24 |
Questions about First Sabrepoint Capital Management LP's portfolio
What stocks does First Sabrepoint Capital Management LP own?
First Sabrepoint Capital Management LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 20 positions worth $234.0M. The largest are Turning Pt Brands Inc Com (TPB) at 17.4%, Firstcash Holdings Inc (FCFS) at 15.9%, Sterling Infrastructure Inc (STRL) at 7.2%, Vaalco Energy Inc (EGY) at 7.2% and Triumph Financial Inc (TBK) at 5.1%.
What did First Sabrepoint Capital Management LP buy last quarter?
In Q2 2026, First Sabrepoint Capital Management LP added a new position in Rush Enterprises Class A (RUSH (RUSHA), a new position in Lifeway Foods Inc (LWAY), a new position in Boot Barn Holdings Inc (BOOT), Vaalco Energy Inc (EGY) (+135.7% shares), Triumph Financial Inc (TBK) (+40.1% shares) and Matador Resources Co (MTDR) (+33.3% shares), compared with its Q1 2026 filing.
What did First Sabrepoint Capital Management LP sell last quarter?
In Q2 2026, First Sabrepoint Capital Management LP sold all of Grand Canyon Ed Inc (LOPE), sold all of Covista Inc (CVSA), sold all of Peabody Engr Corp (BTU), sold all of Ichor Holdings (ICHR), sold all of Entegris Inc Com (ENTG), Cavco Industries Inc (CVCO) (-44.0% shares), Ultra Clean Hldgs Inc (UCTT) (-44.0% shares) and Autozone Inc (AZO) (-40.0% shares), compared with its Q1 2026 filing.
How has First Sabrepoint Capital Management LP's portfolio performed?
A portfolio copying First Sabrepoint Capital Management LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +11.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +16.5% against +20.1%. Over 5 years: +3.0% a year against +11.6%.
When is First Sabrepoint Capital Management LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. First Sabrepoint Capital Management LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does First Sabrepoint Capital Management LP manage?
First Sabrepoint Capital Management LP reported $499.5M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $234.0M.