Latest Western Standard LLC Stock Portfolio

$190Million– No. of Holdings #23

Western Standard LLC Performance:

2026 Q1: -7.27%YTD: -7.27%2025: 19.4%

Performance for 2026 Q1 is -7.27%, and YTD is -7.27%, and 2025 is 19.4%.

About Western Standard LLC and 13F Hedge Fund Stock Holdings

Western Standard LLC is a hedge fund based in Los Angeles, CA. On 2026-05-05, the fund reported it's updated stock portfolio. In the 13F Holdings report, Western Standard LLC reported an equity portfolio of $190.2 Millions as of 31 Mar, 2026.

The top stock holdings of Western Standard LLC are GDOT, CODI, TFX. The fund has invested 20.9% of it's portfolio in GREEN DOT CORP and 13% of portfolio in COMPASS DIVERSIFIED.

The fund managers got completely rid off SELECT MED HLDGS CORP (SEM), BELITE BIO INC (BLTE) and DRIVEN BRANDS HLDGS INC stocks. They significantly reduced their stock positions in ALPHATEC HLDGS INC (ATEC), EZCORP INC (EZPW) and INSPERITY INC (NSP). Western Standard LLC opened new stock positions in TELEFLEX INCORPORATED (TFX), YETI HLDGS INC (YETI) and DAVE INC (DAVE). The fund showed a lot of confidence in some stocks as they added substantially to ANGI INC (ANGI), COMPASS DIVERSIFIED (CODI) and GREEN DOT CORP (GDOT).

Western Standard LLC Equity Portfolio Value

Last Reported on: 05 May, 2026

Western Standard LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Western Standard LLC made a return of -7.27% in the last quarter. In trailing 12 months, it's portfolio return was 15.51%.

Performance
S&P 500

New Buys

Ticker	$ Bought
teleflex incorporated	22,106,000
yeti hldgs inc	5,927,580
dave inc	5,249,860
freshpet inc	4,268,700
terawulf inc	3,966,460
hallador energy company	3,722,620
weave communications inc	2,375,110
camping world hldgs inc	2,100,220

New stocks bought by Western Standard LLC

Additions

Ticker	% Inc.
angi inc	774
compass diversified	169
green dot corp	79.35
1st finl bancorp	13.14
arbutus biopharma corp	2.7

Additions to existing portfolio by Western Standard LLC

Reductions

Ticker	% Reduced
alphatec hldgs inc	-98.21
ezcorp inc	-49.58
insperity inc	-49.01
five below inc	-42.73
aviat networks inc	-15.88
innospec inc	-15.48
octave specialty group inc	-10.26
apartment invt & mgmt co	-3.17

Western Standard LLC reduced stake in above stock

Sold off

Ticker	$ Sold
select med hldgs corp	-30,650,700
mister car wash inc	-4,436,360
driven brands hldgs inc	-4,496,580
quanex bldg prods corp	-4,219,320
savers value vlg inc	-1,868,000
synchronoss technologies inc	-1,670,200
fox factory hldg corp	-2,053,200
upbound group inc	-1,756,000

Western Standard LLC got rid off the above stocks

Sector Distribution

Western Standard LLC has about 32.4% of it's holdings in Financial Services sector.

Financial Services
Industrials
Healthcare
Technology
Basic Materials
Consumer Cyclical
Communication Services
Real Estate
Consumer Defensive
Others
Energy

Sector	%
Financial Services	32.4
Industrials	14.5
Healthcare	13
Technology	9
Basic Materials	8.7
Consumer Cyclical	7
Communication Services	4.4
Real Estate	3.5
Consumer Defensive	2.8
Others	2.7
Energy	2

Market Cap. Distribution

Western Standard LLC has about 2.8% of it's portfolio invested in the large-cap and mega-cap stocks.

SMALL-CAP
MID-CAP
MICRO-CAP
LARGE-CAP
UNALLOCATED

Category	%
SMALL-CAP	56.6
MID-CAP	31.8
MICRO-CAP	6.1
LARGE-CAP	2.8
UNALLOCATED	2.7

Stocks belong to which Index?

About 79.3% of the stocks held by Western Standard LLC either belong to S&P 500 or RUSSELL 2000 index.

RUSSELL 2000
Others
S&P 500

Index	%
RUSSELL 2000	67.7
Others	20.7
S&P 500	11.6

Top 5 Winners (%)		%
CODI	compass diversified	36.4 %
EZPW	ezcorp inc	23.1 %
FIVE	five below inc	16.8 %
FFBC	1st finl bancorp	10.7 %
AVNW	aviat networks inc	5.3 %

Top 5 Winners ($)		$
CODI	compass diversified	6.6 M
EZPW	ezcorp inc	1.8 M
FIVE	five below inc	1.3 M
AVNW	aviat networks inc	0.6 M
FFBC	1st finl bancorp	0.2 M

Top 5 Losers (%)		%
AMBC	octave specialty group inc	-38.2 %
ANGI	angi inc	-33.1 %
AIV	apartment invt & mgmt co	-31.0 %
ATEC	alphatec hldgs inc	-24.6 %
NSP	insperity inc	-22.8 %

Top 5 Losers ($)		$
AMBC	octave specialty group inc	-7.4 M
ATEC	alphatec hldgs inc	-6.5 M
GDOT	green dot corp	-4.4 M
ANGI	angi inc	-4.1 M
AIV	apartment invt & mgmt co	-3.1 M

Western Standard LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Western Standard LLC

Western Standard LLC has 23 stocks in it's portfolio. About 78.4% of the portfolio is in top 10 stocks. AMBC proved to be the most loss making stock for the portfolio. CODI was the most profitable stock for Western Standard LLC last quarter.

Last Reported on: 05 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ABUS	arbutus biopharma corp	1.23	521,587	2,347,140	added	2.7

AIV	apartment invt & mgmt co	3.48	1,626,620	6,620,360	reduced	-3.17

AMBC	octave specialty group inc	5.50	2,247,590	10,451,300	reduced	-10.26

ANGI	angi inc	4.37	1,213,560	8,312,860	added	774

ATEC	alphatec hldgs inc	0.13	22,493	244,724	reduced	-98.21

AVNW	aviat networks inc	4.94	415,752	9,400,150	reduced	-15.88

BLTE	belite bio inc	0.00	0.00	0.00	sold off	-100

CODI	compass diversified	12.97	3,137,160	24,658,000	added	169

CWH	camping world hldgs inc	1.10	307,500	2,100,220	new

DAVE	dave inc	2.76	30,156	5,249,860	new

EZPW	ezcorp inc	2.69	201,679	5,118,610	reduced	-49.58

FFBC	1st finl bancorp	1.24	84,857	2,365,810	added	13.14

FIVE	five below inc	2.79	23,252	5,312,620	reduced	-42.73

FOXF	fox factory hldg corp	0.00	0.00	0.00	sold off	-100

FRPT	freshpet inc	2.24	72,400	4,268,700	new

GDOT	green dot corp	20.93	3,546,630	39,793,100	added	79.35

GLPG	galapagos nv	0.00	0.00	0.00	sold off	-100

GOOG	alphabet inc	0.00	0.00	0.00	sold off	-100

HAIN	hain celestial group inc	0.59	1,617,040	1,128,370	new

HNRG	hallador energy company	1.96	228,662	3,722,620	new