Latest Western Standard LLC Stock Portfolio

Western Standard LLC Performance:

2025 Q4: 4.37%YTD: 19.4%2024: -4.96%

Performance for 2025 Q4 is 4.37%, and YTD is 19.4%, and 2024 is -4.96%.

About Western Standard LLC and 13F Hedge Fund Stock Holdings

Western Standard LLC is a hedge fund based in Los Angeles, CA. On 2026-02-03, the fund reported it's updated stock portfolio. In the 13F Holdings report, Western Standard LLC reported an equity portfolio of $216.8 Millions as of 31 Dec, 2025.

The top stock holdings of Western Standard LLC are SEM, ATEC, GDOT. The fund has invested 14.1% of it's portfolio in SELECT MED HLDGS CORP and 12.2% of portfolio in ALPHATEC HLDGS INC.

The fund managers got completely rid off KEROS THERAPEUTICS INC (KROS), CONSOLIDATED WATER CO INC (CWCO) and NATIONAL PRESTO INDS INC (NPK) stocks. They significantly reduced their stock positions in DRIVEN BRANDS HLDGS INC, EZCORP INC (EZPW) and OCTAVE SPECIALTY GROUP INC (AMBC). Western Standard LLC opened new stock positions in APARTMENT INVT & MGMT CO (AIV), BELITE BIO INC and INSPERITY INC (NSP). The fund showed a lot of confidence in some stocks as they added substantially to INNOSPEC INC (IOSP), GREEN DOT CORP (GDOT) and SELECT MED HLDGS CORP (SEM).

Western Standard LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Western Standard LLC made a return of 4.37% in the last quarter. In trailing 12 months, it's portfolio return was 19.4%.

Performance
S&P 500

New Buys

Ticker	$ Bought
apartment invt & mgmt co	9,978,750
belite bio inc	9,601,760
insperity inc	8,348,030
compass diversified	5,592,000
quanex bldg prods corp	4,219,320
alphabet inc	2,191,000
fox factory hldg corp	2,053,200
first finl bancorp oh	1,876,500

New stocks bought by Western Standard LLC

Additions

Ticker	% Inc.
innospec inc	893
green dot corp	196
select med hldgs corp	95.58
aviat networks inc	84.48
mister car wash inc	2.63

Additions to existing portfolio by Western Standard LLC

Reductions

Ticker	% Reduced
driven brands hldgs inc	-56.24
ezcorp inc	-24.53
octave specialty group inc	-5.18

Western Standard LLC reduced stake in above stock

Sold off

Ticker	$ Sold
keros therapeutics inc	-34,643,900
abeona therapeutics inc	-6,599,770
figs inc	-1,862,760
bath & body works inc	-6,776,450
consolidated water co inc	-7,471,780
yeti hldgs inc	-3,930,340
freshpet inc	-3,527,040
national presto inds inc	-6,810,870

Western Standard LLC got rid off the above stocks

Sector Distribution

Western Standard LLC has about 27.4% of it's holdings in Healthcare sector.

Sector	%
Healthcare	27.4
Financial Services	25.1
Others	10.1
Basic Materials	9.5
Industrials	8.4
Consumer Cyclical	7.4
Technology	5.6
Real Estate	4.6
Communication Services	1.8

Market Cap. Distribution

Western Standard LLC has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
SMALL-CAP	54.2
MID-CAP	33.9
UNALLOCATED	10.1

Stocks belong to which Index?

About 78.1% of the stocks held by Western Standard LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	78.1
Others	20.9

Top 5 Winners (%)		%
ATEC	alphatec hldgs inc	44.7 %
FIVE	five below inc	21.8 %
SEM	select med hldgs corp	11.4 %
ABUS	arbutus biopharma corp	6.0 %
MCW	mister car wash inc	4.3 %

Top 5 Winners ($)		$
ATEC	alphatec hldgs inc	8.2 M
SEM	select med hldgs corp	3.1 M
FIVE	five below inc	1.4 M
MCW	mister car wash inc	0.2 M
EZPW	ezcorp inc	0.2 M

Top 5 Losers (%)		%
AMBC	octave specialty group inc	-6.5 %
	driven brands hldgs inc	-5.8 %
AVNW	aviat networks inc	-5.3 %
GDOT	green dot corp	-3.1 %
UDN	invesco db us dlr index tr	-1.7 %

Top 5 Losers ($)		$
AMBC	octave specialty group inc	-1.4 M
GDOT	green dot corp	-0.8 M
	driven brands hldgs inc	-0.6 M
AVNW	aviat networks inc	-0.6 M
IOSP	innospec inc	-0.1 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 25 stocks in it's portfolio. About 77.8% of the portfolio is in top 10 stocks. AMBC proved to be the most loss making stock for the portfolio. ATEC was the most profitable stock for Western Standard LLC last quarter.

Last Reported on: 03 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ABEO	abeona therapeutics inc	0.00	0.00	0.00	sold off	-100

ABUS	arbutus biopharma corp	1.13	507,853	2,442,770	unchanged	0.00

AIV	apartment invt & mgmt co	4.60	1,679,920	9,978,750	new

AMBC	octave specialty group inc	8.99	2,504,630	19,486,000	reduced	-5.18

ANGI	angi inc	0.83	138,842	1,795,230	new

ATEC	alphatec hldgs inc	12.18	1,255,370	26,413,100	unchanged	0.00

AVNW	aviat networks inc	4.87	494,238	10,566,800	added	84.48

BBWI	bath & body works inc	0.00	0.00	0.00	sold off	-100

CMA	comerica inc	0.00	0.00	0.00	sold off	-100

CODI	compass diversified	2.58	1,165,000	5,592,000	new

CWCO	consolidated water co inc	0.00	0.00	0.00	sold off	-100

EZPW	ezcorp inc	3.58	400,000	7,768,000	reduced	-24.53

FFBC	first finl bancorp oh	0.87	75,000	1,876,500	new

FIGS	figs inc	0.00	0.00	0.00	sold off	-100

FIVE	five below inc	3.53	40,600	7,647,420	unchanged	0.00

FOXF	fox factory hldg corp	0.95	120,000	2,053,200	new

FRPT	freshpet inc	0.00	0.00	0.00	sold off	-100

GDOT	green dot corp	11.69	1,977,500	25,331,800	added	196

GOOG	alphabet inc	1.01	7,000	2,191,000	new

IOSP	innospec inc	9.47	268,367	20,540,800	added	893