Filed: 11/14/2025ACC: 0001731530-25-000007
📋 What this filing means
FIRST SABREPOINT CAPITAL MANAGEMENT LP filed this quarterly 13F‑HR report disclosing 37 equity positions with a total reported market value of $315.93M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
37
Positions
$315.93M
Total AUM (reported)
6.87M
Total Shares
Allocation by class
COM$182.64M57.8%
PUT$47.68M15.1%
COMMON STOCK$25.23M8.0%
CALL$20.49M6.5%
SPONSORED ADR$16.45M5.2%
SHS$13.10M4.1%
COM NEW$7.64M2.4%
Portfolio Concentration
Top 3$96.46M30.5%
4–10$113.39M35.9%
11–25$84.29M26.7%
Rest$21.78M6.9%
Top 3 weight
30.5%
Top 10 weight
66.4%
Voting Authority Distribution
Total shares with voting rights: 6.87M
Sole
Full voting authority
6.87M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole37
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings37
Rows:
TURNING PT BRANDS INC
SOLEShares400K
TypeSH
Market value$39.54M
12.52%
Sole
400K
Shared
0.00
None
0.00
FIRSTCASH HOLDINGS INC
SOLEShares200K
TypeSH
Market value$31.68M
10.03%
Sole
200K
Shared
0.00
None
0.00
LAUREATE EDUCATION INC
SOLEShares800K
TypeSH
Market value$25.23M
7.99%
Sole
800K
Shared
0.00
None
0.00
TURNING PT BRANDS INC
SOLEShares207.30K
TypeSH
Market value$20.49M
6.49%
Sole
207.30K
Shared
0.00
None
0.00
CAVCO INDS INC DEL
SOLEShares35K
TypeSH
Market value$20.33M
6.43%
Sole
35K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares35K
TypeSH
Market value$18.13M
5.74%
Sole
35K
Shared
0.00
None
0.00
BRITISH AMERN TOB PLC
SOLEShares310K
TypeSH
Market value$16.45M
5.21%
Sole
310K
Shared
0.00
None
0.00
STERLING INFRASTRUCTURE INC
SOLEShares42K
TypeSH
Market value$14.27M
4.52%
Sole
42K
Shared
0.00
None
0.00
AMRIZE LTD
SOLEShares270K
TypeSH
Market value$13.10M
4.15%
Sole
270K
Shared
0.00
None
0.00
HASBRO INC
SOLEShares140K
TypeSH
Market value$10.62M
3.36%
Sole
140K
Shared
0.00
None
0.00
WALKER & DUNLOP INC
SOLEShares120K
TypeSH
Market value$10.03M
3.18%
Sole
120K
Shared
0.00
None
0.00
AUTOZONE INC
SOLEShares1.85K
TypeSH
Market value$7.94M
2.51%
Sole
1.85K
Shared
0.00
None
0.00
MID-AMER APT CMNTYS INC
SOLEShares55K
TypeSH
Market value$7.69M
2.43%
Sole
55K
Shared
0.00
None
0.00
VAALCO ENERGY INC
SOLEShares1.90M
TypeSH
Market value$7.64M
2.42%
Sole
1.90M
Shared
0.00
None
0.00
PROGYNY INC
SOLEShares350K
TypeSH
Market value$7.53M
2.38%
Sole
350K
Shared
0.00
None
0.00
GRAND CANYON ED INC
SOLEShares30K
TypeSH
Market value$6.59M
2.08%
Sole
30K
Shared
0.00
None
0.00
CARVANA CO
SOLEShares15K
TypeSH
Market value$5.66M
1.79%
Sole
15K
Shared
0.00
None
0.00
GREEN BRICK PARTNERS INC
SOLEShares70K
TypeSH
Market value$5.17M
1.64%
Sole
70K
Shared
0.00
None
0.00
JOBY AVIATION INC
SOLEShares255K
TypeSH
Market value$4.12M
1.30%
Sole
255K
Shared
0.00
None
0.00
IONQ INC
SOLEShares65K
TypeSH
Market value$4.00M
1.27%
Sole
65K
Shared
0.00
None
0.00
SOLAREDGE TECHNOLOGIES INC
SOLEShares105K
TypeSH
Market value$3.88M
1.23%
Sole
105K
Shared
0.00
None
0.00
QUANTUMSCAPE CORP
SOLEShares315K
TypeSH
Market value$3.88M
1.23%
Sole
315K
Shared
0.00
None
0.00
PALANTIR TECHNOLOGIES INC
SOLEShares20K
TypeSH
Market value$3.65M
1.15%
Sole
20K
Shared
0.00
None
0.00
RIGETTI COMPUTING INC
SOLEShares110K
TypeSH
Market value$3.28M
1.04%
Sole
110K
Shared
0.00
None
0.00
UNUSUAL MACHS INC
SOLEShares215K
TypeSH
Market value$3.25M
1.03%
Sole
215K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TURNING PT BRANDS INCSOLE | COM | 400K | SH | $39.54M 12.52% | 400K | 0.00 | 0.00 |
FIRSTCASH HOLDINGS INCSOLE | COM | 200K | SH | $31.68M 10.03% | 200K | 0.00 | 0.00 |
LAUREATE EDUCATION INCSOLE | COMMON STOCK | 800K | SH | $25.23M 7.99% | 800K | 0.00 | 0.00 |
TURNING PT BRANDS INCSOLE | CALL | 207.30K | SH | $20.49M 6.49% | 207.30K | 0.00 | 0.00 |
CAVCO INDS INC DELSOLE | COM | 35K | SH | $20.33M 6.43% | 35K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 35K | SH | $18.13M 5.74% | 35K | 0.00 | 0.00 |
BRITISH AMERN TOB PLCSOLE | SPONSORED ADR | 310K | SH | $16.45M 5.21% | 310K | 0.00 | 0.00 |
STERLING INFRASTRUCTURE INCSOLE | COM | 42K | SH | $14.27M 4.52% | 42K | 0.00 | 0.00 |
AMRIZE LTDSOLE | SHS | 270K | SH | $13.10M 4.15% | 270K | 0.00 | 0.00 |
HASBRO INCSOLE | COM | 140K | SH | $10.62M 3.36% | 140K | 0.00 | 0.00 |
WALKER & DUNLOP INCSOLE | COM | 120K | SH | $10.03M 3.18% | 120K | 0.00 | 0.00 |
AUTOZONE INCSOLE | COM | 1.85K | SH | $7.94M 2.51% | 1.85K | 0.00 | 0.00 |
MID-AMER APT CMNTYS INCSOLE | COM | 55K | SH | $7.69M 2.43% | 55K | 0.00 | 0.00 |
VAALCO ENERGY INCSOLE | COM NEW | 1.90M | SH | $7.64M 2.42% | 1.90M | 0.00 | 0.00 |
PROGYNY INCSOLE | COM | 350K | SH | $7.53M 2.38% | 350K | 0.00 | 0.00 |
GRAND CANYON ED INCSOLE | COM | 30K | SH | $6.59M 2.08% | 30K | 0.00 | 0.00 |
CARVANA COSOLE | PUT | 15K | SH | $5.66M 1.79% | 15K | 0.00 | 0.00 |
GREEN BRICK PARTNERS INCSOLE | COM | 70K | SH | $5.17M 1.64% | 70K | 0.00 | 0.00 |
JOBY AVIATION INCSOLE | PUT | 255K | SH | $4.12M 1.30% | 255K | 0.00 | 0.00 |
IONQ INCSOLE | PUT | 65K | SH | $4.00M 1.27% | 65K | 0.00 | 0.00 |
SOLAREDGE TECHNOLOGIES INCSOLE | PUT | 105K | SH | $3.88M 1.23% | 105K | 0.00 | 0.00 |
QUANTUMSCAPE CORPSOLE | PUT | 315K | SH | $3.88M 1.23% | 315K | 0.00 | 0.00 |
PALANTIR TECHNOLOGIES INCSOLE | PUT | 20K | SH | $3.65M 1.15% | 20K | 0.00 | 0.00 |
RIGETTI COMPUTING INCSOLE | PUT | 110K | SH | $3.28M 1.04% | 110K | 0.00 | 0.00 |
UNUSUAL MACHS INCSOLE | PUT | 215K | SH | $3.25M 1.03% | 215K | 0.00 | 0.00 |
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