Filed: 2/18/2026ACC: 0001941040-26-000191
📋 What this filing means
PILLSBURY LAKE CAPITAL LLC filed this quarterly 13F‑HR report disclosing 30 equity positions with a total reported market value of $286.20M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
30
Positions
$286.20M
Total AUM (reported)
16.11M
Total Shares
Allocation by class
COM$135.55M47.4%
RUSSELL 2000 ETF$40.84M14.3%
COM CL A$22.35M7.8%
SPONSORED ADS$18.94M6.6%
CL A$18.29M6.4%
CL A COM$17.55M6.1%
COM SHS$10.22M3.6%
Portfolio Concentration
Top 3$75.24M26.3%
4–10$90.01M31.4%
11–25$111.47M38.9%
Rest$9.49M3.3%
Top 3 weight
26.3%
Top 10 weight
57.7%
Voting Authority Distribution
Total shares with voting rights: 16.11M
Sole
Full voting authority
16.11M
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)
Sole30
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings30
Rows:
ISHARES TR
SOLEShares165.90K
TypeSH
Market value$40.84M
14.27%
Sole
165.90K
Shared
0.00
None
0.00
TURNING PT BRANDS INC
SOLEShares160.24K
TypeSH
Market value$17.37M
6.07%
Sole
160.24K
Shared
0.00
None
0.00
LINCOLN EDL SVCS CORP
SOLEShares705.11K
TypeSH
Market value$17.03M
5.95%
Sole
705.11K
Shared
0.00
None
0.00
CAVCO INDS INC DEL
SOLEShares25.55K
TypeSH
Market value$15.09M
5.27%
Sole
25.55K
Shared
0.00
None
0.00
COMPASS INC
SOLEShares1.33M
TypeSH
Market value$14.08M
4.92%
Sole
1.33M
Shared
0.00
None
0.00
BUILD-A-BEAR WORKSHOP INC
SOLEShares210.33K
TypeSH
Market value$12.89M
4.50%
Sole
210.33K
Shared
0.00
None
0.00
BOYD GROUP SERVICES INC
SOLEShares79.95K
TypeSH
Market value$12.74M
4.45%
Sole
79.95K
Shared
0.00
None
0.00
LUXEXPERIENCE BV
SOLEShares1.51M
TypeSH
Market value$12.60M
4.40%
Sole
1.51M
Shared
0.00
None
0.00
COMPOSECURE INC
SOLEShares616.13K
TypeSH
Market value$11.88M
4.15%
Sole
616.13K
Shared
0.00
None
0.00
PDF SOLUTIONS INC
SOLEShares376.07K
TypeSH
Market value$10.73M
3.75%
Sole
376.07K
Shared
0.00
None
0.00
NCR ATLEOS CORPORATION
SOLEShares268.09K
TypeSH
Market value$10.22M
3.57%
Sole
268.09K
Shared
0.00
None
0.00
STRATA CRITICAL MEDICAL INC
SOLEShares1.98M
TypeSH
Market value$9.52M
3.32%
Sole
1.98M
Shared
0.00
None
0.00
CRITEO S A
SOLEShares460.24K
TypeSH
Market value$9.49M
3.31%
Sole
460.24K
Shared
0.00
None
0.00
MAGNITE INC
SOLEShares583.64K
TypeSH
Market value$9.47M
3.31%
Sole
583.64K
Shared
0.00
None
0.00
HNI CORP
SOLEShares211.28K
TypeSH
Market value$8.88M
3.10%
Sole
211.28K
Shared
0.00
None
0.00
KILROY RLTY CORP
SOLEShares223.79K
TypeSH
Market value$8.36M
2.92%
Sole
223.79K
Shared
0.00
None
0.00
BACKBLAZE INC
SOLEShares1.73M
TypeSH
Market value$8.06M
2.82%
Sole
1.73M
Shared
0.00
None
0.00
KURA SUSHI USA INC
SOLEShares153.57K
TypeSH
Market value$8.04M
2.81%
Sole
153.57K
Shared
0.00
None
0.00
MAMAS CREATIONS INC
SOLEShares493.18K
TypeSH
Market value$6.65M
2.32%
Sole
493.18K
Shared
0.00
None
0.00
GRUPO AEROPORTUARIO DEL SURE
SOLEShares20.05K
TypeSH
Market value$6.48M
2.27%
Sole
20.05K
Shared
0.00
None
0.00
KASPI KZ JSC
SOLEShares81.12K
TypeSH
Market value$6.34M
2.21%
Sole
81.12K
Shared
0.00
None
0.00
BRIGHTVIEW HLDGS INC
SOLEShares489.97K
TypeSH
Market value$6.21M
2.17%
Sole
489.97K
Shared
0.00
None
0.00
CLEAN HARBORS INC
SOLEShares22.55K
TypeSH
Market value$5.29M
1.85%
Sole
22.55K
Shared
0.00
None
0.00
CRONOS GROUP INC
SOLEShares1.84M
TypeSH
Market value$4.84M
1.69%
Sole
1.84M
Shared
0.00
None
0.00
IDENTIV INC
SOLEShares945.30K
TypeSH
Market value$3.63M
1.27%
Sole
945.30K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | RUSSELL 2000 ETF | 165.90K | SH | $40.84M 14.27% | 165.90K | 0.00 | 0.00 |
TURNING PT BRANDS INCSOLE | COM | 160.24K | SH | $17.37M 6.07% | 160.24K | 0.00 | 0.00 |
LINCOLN EDL SVCS CORPSOLE | COM | 705.11K | SH | $17.03M 5.95% | 705.11K | 0.00 | 0.00 |
CAVCO INDS INC DELSOLE | COM | 25.55K | SH | $15.09M 5.27% | 25.55K | 0.00 | 0.00 |
COMPASS INCSOLE | CL A | 1.33M | SH | $14.08M 4.92% | 1.33M | 0.00 | 0.00 |
BUILD-A-BEAR WORKSHOP INCSOLE | COM | 210.33K | SH | $12.89M 4.50% | 210.33K | 0.00 | 0.00 |
BOYD GROUP SERVICES INCSOLE | COM | 79.95K | SH | $12.74M 4.45% | 79.95K | 0.00 | 0.00 |
LUXEXPERIENCE BVSOLE | SPONSORED ADS | 1.51M | SH | $12.60M 4.40% | 1.51M | 0.00 | 0.00 |
COMPOSECURE INCSOLE | COM CL A | 616.13K | SH | $11.88M 4.15% | 616.13K | 0.00 | 0.00 |
PDF SOLUTIONS INCSOLE | COM | 376.07K | SH | $10.73M 3.75% | 376.07K | 0.00 | 0.00 |
NCR ATLEOS CORPORATIONSOLE | COM SHS | 268.09K | SH | $10.22M 3.57% | 268.09K | 0.00 | 0.00 |
STRATA CRITICAL MEDICAL INCSOLE | CL A COM | 1.98M | SH | $9.52M 3.32% | 1.98M | 0.00 | 0.00 |
CRITEO S ASOLE | SPONS ADS | 460.24K | SH | $9.49M 3.31% | 460.24K | 0.00 | 0.00 |
MAGNITE INCSOLE | COM | 583.64K | SH | $9.47M 3.31% | 583.64K | 0.00 | 0.00 |
HNI CORPSOLE | COM | 211.28K | SH | $8.88M 3.10% | 211.28K | 0.00 | 0.00 |
KILROY RLTY CORPSOLE | COM | 223.79K | SH | $8.36M 2.92% | 223.79K | 0.00 | 0.00 |
BACKBLAZE INCSOLE | COM CL A | 1.73M | SH | $8.06M 2.82% | 1.73M | 0.00 | 0.00 |
KURA SUSHI USA INCSOLE | CL A COM | 153.57K | SH | $8.04M 2.81% | 153.57K | 0.00 | 0.00 |
MAMAS CREATIONS INCSOLE | COM | 493.18K | SH | $6.65M 2.32% | 493.18K | 0.00 | 0.00 |
GRUPO AEROPORTUARIO DEL SURESOLE | SPON ADR SER B | 20.05K | SH | $6.48M 2.27% | 20.05K | 0.00 | 0.00 |
KASPI KZ JSCSOLE | SPONSORED ADS | 81.12K | SH | $6.34M 2.21% | 81.12K | 0.00 | 0.00 |
BRIGHTVIEW HLDGS INCSOLE | COM | 489.97K | SH | $6.21M 2.17% | 489.97K | 0.00 | 0.00 |
CLEAN HARBORS INCSOLE | COM | 22.55K | SH | $5.29M 1.85% | 22.55K | 0.00 | 0.00 |
CRONOS GROUP INCSOLE | COM | 1.84M | SH | $4.84M 1.69% | 1.84M | 0.00 | 0.00 |
IDENTIV INCSOLE | COM NEW | 945.30K | SH | $3.63M 1.27% | 945.30K | 0.00 | 0.00 |
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