Filed: 11/12/2025ACC: 0001193125-25-275716
📋 What this filing means
WESTERN STANDARD LLC filed this quarterly 13F‑HR report disclosing 24 equity positions with a total reported market value of $337.14M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
24
Positions
$337.14M
Total AUM (reported)
13.45M
Total Shares
Allocation by class
TR UNIT$119.91M35.6%
COM$100.48M29.8%
COM NEW$53.02M15.7%
RUSSELL 2000 ETF$30.25M9.0%
CL A$10.81M3.2%
CL A NON VTG$10.09M3.0%
ORD$7.47M2.2%
Portfolio Concentration
Top 3$184.80M54.8%
4–10$91.52M27.1%
11–25$60.82M18.0%
Top 3 weight
54.8%
Top 10 weight
82.0%
Voting Authority Distribution
Total shares with voting rights: 13.45M
Sole
Full voting authority
13.45M
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)
Sole24
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings24
Rows:
SPDR S&P 500 ETF TR
SOLEShares180K
TypeSH
Market value$119.91M
35.57%
Sole
180K
Shared
0.00
None
0.00
KEROS THERAPEUTICS INC
SOLEShares2.19M
TypeSH
Market value$34.64M
10.28%
Sole
2.19M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares125K
TypeSH
Market value$30.25M
8.97%
Sole
125K
Shared
0.00
None
0.00
AMBAC FINL GROUP INC
SOLEShares2.64M
TypeSH
Market value$22.03M
6.53%
Sole
2.64M
Shared
0.00
None
0.00
ALPHATEC HLDGS INC
SOLEShares1.26M
TypeSH
Market value$18.25M
5.41%
Sole
1.26M
Shared
0.00
None
0.00
SELECT MED HLDGS CORP
SOLEShares1.06M
TypeSH
Market value$13.55M
4.02%
Sole
1.06M
Shared
0.00
None
0.00
DRIVEN BRANDS HLDGS INC
SOLEShares693.41K
TypeSH
Market value$11.17M
3.31%
Sole
693.41K
Shared
0.00
None
0.00
EZCORP INC
SOLEShares530K
TypeSH
Market value$10.09M
2.99%
Sole
530K
Shared
0.00
None
0.00
GREEN DOT CORP
SOLEShares666.33K
TypeSH
Market value$8.95M
2.65%
Sole
666.33K
Shared
0.00
None
0.00
CONSOLIDATED WATER CO INC
SOLEShares211.78K
TypeSH
Market value$7.47M
2.22%
Sole
211.78K
Shared
0.00
None
0.00
NATIONAL PRESTO INDS INC
SOLEShares60.73K
TypeSH
Market value$6.81M
2.02%
Sole
60.73K
Shared
0.00
None
0.00
BATH & BODY WORKS INC
SOLEShares263.06K
TypeSH
Market value$6.78M
2.01%
Sole
263.06K
Shared
0.00
None
0.00
ABEONA THERAPEUTICS INC
SOLEShares1.25M
TypeSH
Market value$6.60M
1.96%
Sole
1.25M
Shared
0.00
None
0.00
FIVE BELOW INC
SOLEShares40.60K
TypeSH
Market value$6.28M
1.86%
Sole
40.60K
Shared
0.00
None
0.00
AVIAT NETWORKS INC
SOLEShares267.91K
TypeSH
Market value$6.14M
1.82%
Sole
267.91K
Shared
0.00
None
0.00
INVESCO DB US DLR INDEX TR
SOLEShares185.45K
TypeSH
Market value$5.10M
1.51%
Sole
185.45K
Shared
0.00
None
0.00
MISTER CAR WASH INC
SOLEShares777.48K
TypeSH
Market value$4.14M
1.23%
Sole
777.48K
Shared
0.00
None
0.00
YETI HLDGS INC
SOLEShares118.45K
TypeSH
Market value$3.93M
1.17%
Sole
118.45K
Shared
0.00
None
0.00
FRESHPET INC
SOLEShares64K
TypeSH
Market value$3.53M
1.05%
Sole
64K
Shared
0.00
None
0.00
SENSIENT TECHNOLOGIES CORP
SOLEShares34.45K
TypeSH
Market value$3.23M
0.96%
Sole
34.45K
Shared
0.00
None
0.00
ARBUTUS BIOPHARMA CORP
SOLEShares507.85K
TypeSH
Market value$2.31M
0.68%
Sole
507.85K
Shared
0.00
None
0.00
INNOSPEC INC
SOLEShares27K
TypeSH
Market value$2.08M
0.62%
Sole
27K
Shared
0.00
None
0.00
COMERICA INC
SOLEShares29.50K
TypeSH
Market value$2.02M
0.60%
Sole
29.50K
Shared
0.00
None
0.00
FIGS INC
SOLEShares278.44K
TypeSH
Market value$1.86M
0.55%
Sole
278.44K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRSOLE | TR UNIT | 180K | SH | $119.91M 35.57% | 180K | 0.00 | 0.00 |
KEROS THERAPEUTICS INCSOLE | COM | 2.19M | SH | $34.64M 10.28% | 2.19M | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 125K | SH | $30.25M 8.97% | 125K | 0.00 | 0.00 |
AMBAC FINL GROUP INCSOLE | COM NEW | 2.64M | SH | $22.03M 6.53% | 2.64M | 0.00 | 0.00 |
ALPHATEC HLDGS INCSOLE | COM NEW | 1.26M | SH | $18.25M 5.41% | 1.26M | 0.00 | 0.00 |
SELECT MED HLDGS CORPSOLE | COM | 1.06M | SH | $13.55M 4.02% | 1.06M | 0.00 | 0.00 |
DRIVEN BRANDS HLDGS INCSOLE | COM | 693.41K | SH | $11.17M 3.31% | 693.41K | 0.00 | 0.00 |
EZCORP INCSOLE | CL A NON VTG | 530K | SH | $10.09M 2.99% | 530K | 0.00 | 0.00 |
GREEN DOT CORPSOLE | CL A | 666.33K | SH | $8.95M 2.65% | 666.33K | 0.00 | 0.00 |
CONSOLIDATED WATER CO INCSOLE | ORD | 211.78K | SH | $7.47M 2.22% | 211.78K | 0.00 | 0.00 |
NATIONAL PRESTO INDS INCSOLE | COM | 60.73K | SH | $6.81M 2.02% | 60.73K | 0.00 | 0.00 |
BATH & BODY WORKS INCSOLE | COM | 263.06K | SH | $6.78M 2.01% | 263.06K | 0.00 | 0.00 |
ABEONA THERAPEUTICS INCSOLE | COM NEW | 1.25M | SH | $6.60M 1.96% | 1.25M | 0.00 | 0.00 |
FIVE BELOW INCSOLE | COM | 40.60K | SH | $6.28M 1.86% | 40.60K | 0.00 | 0.00 |
AVIAT NETWORKS INCSOLE | COM NEW | 267.91K | SH | $6.14M 1.82% | 267.91K | 0.00 | 0.00 |
INVESCO DB US DLR INDEX TRSOLE | BULLISH FD | 185.45K | SH | $5.10M 1.51% | 185.45K | 0.00 | 0.00 |
MISTER CAR WASH INCSOLE | COM | 777.48K | SH | $4.14M 1.23% | 777.48K | 0.00 | 0.00 |
YETI HLDGS INCSOLE | COM | 118.45K | SH | $3.93M 1.17% | 118.45K | 0.00 | 0.00 |
FRESHPET INCSOLE | COM | 64K | SH | $3.53M 1.05% | 64K | 0.00 | 0.00 |
SENSIENT TECHNOLOGIES CORPSOLE | COM | 34.45K | SH | $3.23M 0.96% | 34.45K | 0.00 | 0.00 |
ARBUTUS BIOPHARMA CORPSOLE | COM | 507.85K | SH | $2.31M 0.68% | 507.85K | 0.00 | 0.00 |
INNOSPEC INCSOLE | COM | 27K | SH | $2.08M 0.62% | 27K | 0.00 | 0.00 |
COMERICA INCSOLE | COM | 29.50K | SH | $2.02M 0.60% | 29.50K | 0.00 | 0.00 |
FIGS INCSOLE | CL A | 278.44K | SH | $1.86M 0.55% | 278.44K | 0.00 | 0.00 |