Latest FIRST SABREPOINT CAPITAL MANAGEMENT LP Stock Portfolio

FIRST SABREPOINT CAPITAL MANAGEMENT LP Performance:

2025 Q2: 10.53%YTD: 12.39%2024: 10.36%

Performance for 2025 Q2 is 10.53%, and YTD is 12.39%, and 2024 is 10.36%.

About FIRST SABREPOINT CAPITAL MANAGEMENT LP and 13F Hedge Fund Stock Holdings

FIRST SABREPOINT CAPITAL MANAGEMENT LP is a hedge fund based in DALLAS, TX. On 30-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $360.9 Millions. In it's latest 13F Holdings report, FIRST SABREPOINT CAPITAL MANAGEMENT LP reported an equity portfolio of $280.6 Millions as of 30 Jun, 2025.

The top stock holdings of FIRST SABREPOINT CAPITAL MANAGEMENT LP are TPB, FCFS, LAUR. The fund has invested 10.8% of it's portfolio in TURNING PT BRANDS INC and 9.6% of portfolio in FIRSTCASH HOLDINGS INC.

The fund managers got completely rid off PHILIP MORRIS INTL INC (PM), EURONET WORLDWIDE INC (EEFT) and WORKDAY INC (WDAY) stocks. They significantly reduced their stock positions in GOGO INC (GOGO), GREEN BRICK PARTNERS INC (GRBK) and TOPBUILD CORP (BLD). FIRST SABREPOINT CAPITAL MANAGEMENT LP opened new stock positions in HASBRO INC (HAS), BLACKLINE INC (BL) and AMRIZE LTD. The fund showed a lot of confidence in some stocks as they added substantially to CAVCO INDS INC DEL (CVCO), BRITISH AMERN TOB PLC and WALKER & DUNLOP INC (WD).

FIRST SABREPOINT CAPITAL MANAGEMENT LP Annual Return Estimates Vs S&P 500

Our best estimate is that FIRST SABREPOINT CAPITAL MANAGEMENT LP made a return of 10.53% in the last quarter. In trailing 12 months, it's portfolio return was 19.28%.

New Buys

Ticker	$ Bought
hasbro inc	15,133,100
blackline inc	5,662,000
amrize ltd	4,955,000
build-a-bear workshop inc	116,629

New stocks bought by FIRST SABREPOINT CAPITAL MANAGEMENT LP

Additions

Ticker	% Inc.
cavco inds inc del	100
british amern tob plc	89.19
walker & dunlop inc	23.07
firstcash holdings inc	21.21
turning pt brands inc	6.16

Additions to existing portfolio by FIRST SABREPOINT CAPITAL MANAGEMENT LP

Reductions

Ticker	% Reduced
gogo inc	-73.85
green brick partners inc	-55.61
topbuild corp	-55.56
progyny inc	-36.11
grand canyon ed inc	-33.33
sterling infrastructure inc	-31.03
mid-amer apt cmntys inc	-21.05
nvr inc	-13.95

FIRST SABREPOINT CAPITAL MANAGEMENT LP reduced stake in above stock

Sold off

Ticker	$ Sold
omniab inc	-984,000
navigator hldgs ltd	-3,276,980
international mny express in	-1,951,040
philip morris intl inc	-15,873,000
euronet worldwide inc	-9,616,500
triumph financial inc	-4,624,000
ciena corp	-2,417,200
workday inc	-5,020,900

FIRST SABREPOINT CAPITAL MANAGEMENT LP got rid off the above stocks

Sector Distribution

FIRST SABREPOINT CAPITAL MANAGEMENT LP has about 25.2% of it's holdings in Consumer Defensive sector.

Sector	%
Consumer Defensive	25.2
Consumer Cyclical	18.4
Financial Services	15.1
Others	11.2
Technology	9.9
Real Estate	7.9
Industrials	6
Energy	3.1
Healthcare	2.2
Communication Services	1.1

Market Cap. Distribution

FIRST SABREPOINT CAPITAL MANAGEMENT LP has about 20.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MID-CAP	51.1
SMALL-CAP	17.2
LARGE-CAP	13.1
UNALLOCATED	11.2
MEGA-CAP	7.5

Stocks belong to which Index?

About 84.4% of the stocks held by FIRST SABREPOINT CAPITAL MANAGEMENT LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	58.5
S&P 500	25.9
Others	15.6

Top 5 Winners (%)		%
STRL	sterling infrastructure inc	103.8 %
GOGO	gogo inc	70.3 %
MSFT	microsoft corp	32.5 %
TPB	turning pt brands inc	25.5 %
LAUR	laureate education inc	14.3 %

Top 5 Winners ($)		$
STRL	sterling infrastructure inc	8.5 M
TPB	turning pt brands inc	6.2 M
MSFT	microsoft corp	4.3 M
GOGO	gogo inc	3.9 M
LAUR	laureate education inc	2.7 M

Top 5 Losers (%)		%
WD	walker & dunlop inc	-14.6 %
MAA	mid-amer apt cmntys inc	-11.7 %
CVCO	cavco inds inc del	-8.9 %
CPT	camden ppty tr	-7.9 %
EGY	vaalco energy inc	-4.0 %

Top 5 Losers ($)		$
MAA	mid-amer apt cmntys inc	-1.9 M
WD	walker & dunlop inc	-1.4 M
CVCO	cavco inds inc del	-1.3 M
CPT	camden ppty tr	-0.7 M
EGY	vaalco energy inc	-0.3 M

FIRST SABREPOINT CAPITAL MANAGEMENT LP Holdings Map

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

Current Stock Holdings of FIRST SABREPOINT CAPITAL MANAGEMENT LP

FIRST SABREPOINT CAPITAL MANAGEMENT LP has 23 stocks in it's portfolio. About 61.1% of the portfolio is in top 10 stocks. MAA proved to be the most loss making stock for the portfolio. STRL was the most profitable stock for FIRST SABREPOINT CAPITAL MANAGEMENT LP last quarter.

Last Reported on: 14 Aug, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	TPB	turning pt brands inc	10.80	400,000	30,308,000	added	6.16
Historical Trend of TURNING PT BRANDS INC Position Held By FIRST SABREPOINT CAPITAL MANAGEMENT LP What % of Portfolio is TPB?: Number of TPB shares held: Change in No. of Shares Held:
	FCFS	firstcash holdings inc	9.63	200,000	27,028,000	added	21.21

	LAUR	laureate education inc	7.50	900,000	21,042,000	reduced	-1.64

	MSFT	microsoft corp	6.20	35,000	17,409,400	unchanged	0.00

		british amern tob plc	5.90	350,000	16,565,500	added	89.19

	HAS	hasbro inc	5.39	205,000	15,133,100	new

	CVCO	cavco inds inc del	4.64	30,000	13,032,900	added	100

	STRL	sterling infrastructure inc	4.11	50,000	11,536,500	reduced	-31.03

	MAA	mid-amer apt cmntys inc	3.96	75,000	11,100,800	reduced	-21.05

	WD	walker & dunlop inc	2.94	117,000	8,246,160	added	23.07

	LOPE	grand canyon ed inc	2.69	40,000	7,560,000	reduced	-33.33

	CPT	camden ppty tr	2.61	65,000	7,324,850	reduced	-13.33

	EGY	vaalco energy inc	2.57	2,000,000	7,220,000	unchanged	0.00

	AZO	autozone inc	2.45	1,850	6,867,630	unchanged	0.00

	BL	blackline inc	2.02	100,000	5,662,000	new

	PGNY	progyny inc	1.80	230,000	5,060,000	reduced	-36.11

	GRBK	green brick partners inc	1.78	79,679	5,010,220	reduced	-55.61

		amrize ltd	1.77	100,000	4,955,000	new

		atlas energy solutions inc	1.67	350,000	4,679,500	reduced	-6.67

	NVR	nvr inc	0.97	370	2,732,690	reduced	-13.95