Filed: 5/14/2026ACC: 0001420506-26-001006
📋 What this filing means
PILLSBURY LAKE CAPITAL LLC filed this quarterly 13F‑HR report disclosing 32 equity positions with a total reported market value of $221.22M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
32
Positions
$221.22M
Total AUM (reported)
18.03M
Total Shares
Allocation by class
COM$149.43M67.5%
CL A COM$19.16M8.7%
CL A$12.65M5.7%
SPONSORED ADS$9.41M4.3%
COM VTG$8.98M4.1%
COM CL A$8.63M3.9%
HORIZON KINETICS$4.29M1.9%
Portfolio Concentration
Top 3$42.78M19.3%
4–10$72.96M33.0%
11–25$97.00M43.8%
Rest$8.47M3.8%
Top 3 weight
19.3%
Top 10 weight
52.3%
Voting Authority Distribution
Total shares with voting rights: 18.03M
Sole
Full voting authority
17.19M
shares
% of voting shares95.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
836.95K
shares
% of voting shares4.6%
Investment Discretion (by position count)
Sole32
Shared0
Other0
Dominant voting typeSole · 95.4% of voting shares
Institutional Holdings32
Rows:
LINCOLN EDL SVCS CORP
SOLEShares380.57K
TypeSH
Market value$15.48M
7.00%
Sole
360.70K
Shared
0.00
None
19.87K
TURNING PT BRANDS INC
SOLEShares170.06K
TypeSH
Market value$14.76M
6.67%
Sole
158.70K
Shared
0.00
None
11.36K
BOYD GROUP SERVICES INC
SOLEShares98.26K
TypeSH
Market value$12.54M
5.67%
Sole
89.11K
Shared
0.00
None
9.15K
BUILD-A-BEAR WORKSHOP INC
SOLEShares330.10K
TypeSH
Market value$12.36M
5.59%
Sole
299.04K
Shared
0.00
None
31.06K
COMPASS INC
SOLEShares1.60M
TypeSH
Market value$11.71M
5.29%
Sole
1.41M
Shared
0.00
None
192.12K
STRATA CRITICAL MEDICAL INC
SOLEShares2.60M
TypeSH
Market value$10.88M
4.92%
Sole
2.38M
Shared
0.00
None
222.85K
CRONOS GROUP INC
SOLEShares4.22M
TypeSH
Market value$10.60M
4.79%
Sole
4.22M
Shared
0.00
None
0.00
LUXEXPERIENCE BV
SOLEShares1.18M
TypeSH
Market value$9.41M
4.25%
Sole
1.12M
Shared
0.00
None
60.78K
ETON PHARMACEUTICALS INC
SOLEShares364.95K
TypeSH
Market value$9.01M
4.07%
Sole
358.28K
Shared
0.00
None
6.67K
FLYWIRE CORPORATION
SOLEShares771.38K
TypeSH
Market value$8.98M
4.06%
Sole
667.51K
Shared
0.00
None
103.87K
PDF SOLUTIONS INC
SOLEShares270.67K
TypeSH
Market value$8.85M
4.00%
Sole
262.64K
Shared
0.00
None
8.03K
KURA SUSHI USA INC
SOLEShares118.56K
TypeSH
Market value$8.27M
3.74%
Sole
105.19K
Shared
0.00
None
13.37K
UNIVERSAL TECHNICAL INST INC
SOLEShares219.90K
TypeSH
Market value$7.94M
3.59%
Sole
219.90K
Shared
0.00
None
0.00
CAVCO INDS INC DEL
SOLEShares15.77K
TypeSH
Market value$7.64M
3.45%
Sole
14.77K
Shared
0.00
None
1K
HNI CORP
SOLEShares221.20K
TypeSH
Market value$7.39M
3.34%
Sole
221.20K
Shared
0.00
None
0.00
LUMEXA IMAGING HOLDINGS INC
SOLEShares814.87K
TypeSH
Market value$7.01M
3.17%
Sole
780.50K
Shared
0.00
None
34.37K
BACKBLAZE INC
SOLEShares1.96M
TypeSH
Market value$6.77M
3.06%
Sole
1.96M
Shared
0.00
None
0.00
CROCS INC
SOLEShares79.83K
TypeSH
Market value$6.63M
3.00%
Sole
67.43K
Shared
0.00
None
12.39K
CLEAN HARBORS INC
SOLEShares22.92K
TypeSH
Market value$6.57M
2.97%
Sole
21.21K
Shared
0.00
None
1.71K
WEALTHFRONT CORP
SOLEShares658.81K
TypeSH
Market value$6.09M
2.75%
Sole
563.67K
Shared
0.00
None
95.15K
BRIGHTVIEW HLDGS INC
SOLEShares506.75K
TypeSH
Market value$5.97M
2.70%
Sole
506.75K
Shared
0.00
None
0.00
MAMAS CREATIONS INC
SOLEShares348.59K
TypeSH
Market value$5.35M
2.42%
Sole
344.01K
Shared
0.00
None
4.58K
LIMBACH HLDGS INC
SOLEShares56.52K
TypeSH
Market value$4.41M
1.99%
Sole
50.02K
Shared
0.00
None
6.50K
LISTED FDS TR
SOLEShares129.97K
TypeSH
Market value$4.29M
1.94%
Sole
129.97K
Shared
0.00
None
0.00
CRITEO S A
SOLEShares213.26K
TypeSH
Market value$3.82M
1.73%
Sole
213.26K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
LINCOLN EDL SVCS CORPSOLE | COM | 380.57K | SH | $15.48M 7.00% | 360.70K | 0.00 | 19.87K |
TURNING PT BRANDS INCSOLE | COM | 170.06K | SH | $14.76M 6.67% | 158.70K | 0.00 | 11.36K |
BOYD GROUP SERVICES INCSOLE | COM | 98.26K | SH | $12.54M 5.67% | 89.11K | 0.00 | 9.15K |
BUILD-A-BEAR WORKSHOP INCSOLE | COM | 330.10K | SH | $12.36M 5.59% | 299.04K | 0.00 | 31.06K |
COMPASS INCSOLE | CL A | 1.60M | SH | $11.71M 5.29% | 1.41M | 0.00 | 192.12K |
STRATA CRITICAL MEDICAL INCSOLE | CL A COM | 2.60M | SH | $10.88M 4.92% | 2.38M | 0.00 | 222.85K |
CRONOS GROUP INCSOLE | COM | 4.22M | SH | $10.60M 4.79% | 4.22M | 0.00 | 0.00 |
LUXEXPERIENCE BVSOLE | SPONSORED ADS | 1.18M | SH | $9.41M 4.25% | 1.12M | 0.00 | 60.78K |
ETON PHARMACEUTICALS INCSOLE | COM | 364.95K | SH | $9.01M 4.07% | 358.28K | 0.00 | 6.67K |
FLYWIRE CORPORATIONSOLE | COM VTG | 771.38K | SH | $8.98M 4.06% | 667.51K | 0.00 | 103.87K |
PDF SOLUTIONS INCSOLE | COM | 270.67K | SH | $8.85M 4.00% | 262.64K | 0.00 | 8.03K |
KURA SUSHI USA INCSOLE | CL A COM | 118.56K | SH | $8.27M 3.74% | 105.19K | 0.00 | 13.37K |
UNIVERSAL TECHNICAL INST INCSOLE | COM | 219.90K | SH | $7.94M 3.59% | 219.90K | 0.00 | 0.00 |
CAVCO INDS INC DELSOLE | COM | 15.77K | SH | $7.64M 3.45% | 14.77K | 0.00 | 1K |
HNI CORPSOLE | COM | 221.20K | SH | $7.39M 3.34% | 221.20K | 0.00 | 0.00 |
LUMEXA IMAGING HOLDINGS INCSOLE | COM | 814.87K | SH | $7.01M 3.17% | 780.50K | 0.00 | 34.37K |
BACKBLAZE INCSOLE | COM CL A | 1.96M | SH | $6.77M 3.06% | 1.96M | 0.00 | 0.00 |
CROCS INCSOLE | COM | 79.83K | SH | $6.63M 3.00% | 67.43K | 0.00 | 12.39K |
CLEAN HARBORS INCSOLE | COM | 22.92K | SH | $6.57M 2.97% | 21.21K | 0.00 | 1.71K |
WEALTHFRONT CORPSOLE | COM | 658.81K | SH | $6.09M 2.75% | 563.67K | 0.00 | 95.15K |
BRIGHTVIEW HLDGS INCSOLE | COM | 506.75K | SH | $5.97M 2.70% | 506.75K | 0.00 | 0.00 |
MAMAS CREATIONS INCSOLE | COM | 348.59K | SH | $5.35M 2.42% | 344.01K | 0.00 | 4.58K |
LIMBACH HLDGS INCSOLE | COM | 56.52K | SH | $4.41M 1.99% | 50.02K | 0.00 | 6.50K |
LISTED FDS TRSOLE | HORIZON KINETICS | 129.97K | SH | $4.29M 1.94% | 129.97K | 0.00 | 0.00 |
CRITEO S ASOLE | SPONS ADS | 213.26K | SH | $3.82M 1.73% | 213.26K | 0.00 | 0.00 |
Page 1 of 2