Filed: 2/3/2026ACC: 0001193125-26-034830
📋 What this filing means
WESTERN STANDARD LLC filed this quarterly 13F‑HR report disclosing 25 equity positions with a total reported market value of $216.79M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
25
Positions
$216.79M
Total AUM (reported)
15.06M
Total Shares
Allocation by class
COM$90.34M41.7%
COM NEW$58.14M26.8%
CL A$35.31M16.3%
SPONSORED ADS$9.60M4.4%
CL A NON VTG$7.77M3.6%
SH BEN INT$5.59M2.6%
BULLISH FD$5.01M2.3%
Portfolio Concentration
Top 3$82.40M38.0%
4–10$86.29M39.8%
11–25$48.10M22.2%
Top 3 weight
38.0%
Top 10 weight
77.8%
Voting Authority Distribution
Total shares with voting rights: 15.06M
Sole
Full voting authority
15.06M
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)
Sole25
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings25
Rows:
SELECT MED HLDGS CORP
SOLEShares2.06M
TypeSH
Market value$30.65M
14.14%
Sole
2.06M
Shared
0.00
None
0.00
ALPHATEC HLDGS INC
SOLEShares1.26M
TypeSH
Market value$26.41M
12.18%
Sole
1.26M
Shared
0.00
None
0.00
GREEN DOT CORP
SOLEShares1.98M
TypeSH
Market value$25.33M
11.68%
Sole
1.98M
Shared
0.00
None
0.00
INNOSPEC INC
SOLEShares268.37K
TypeSH
Market value$20.54M
9.48%
Sole
268.37K
Shared
0.00
None
0.00
OCTAVE SPECIALTY GROUP INC
SOLEShares2.50M
TypeSH
Market value$19.49M
8.99%
Sole
2.50M
Shared
0.00
None
0.00
AVIAT NETWORKS INC
SOLEShares494.24K
TypeSH
Market value$10.57M
4.87%
Sole
494.24K
Shared
0.00
None
0.00
APARTMENT INVT & MGMT CO
SOLEShares1.68M
TypeSH
Market value$9.98M
4.60%
Sole
1.68M
Shared
0.00
None
0.00
BELITE BIO INC
SOLEShares60.03K
TypeSH
Market value$9.60M
4.43%
Sole
60.03K
Shared
0.00
None
0.00
INSPERITY INC
SOLEShares215.60K
TypeSH
Market value$8.35M
3.85%
Sole
215.60K
Shared
0.00
None
0.00
EZCORP INC
SOLEShares400K
TypeSH
Market value$7.77M
3.58%
Sole
400K
Shared
0.00
None
0.00
FIVE BELOW INC
SOLEShares40.60K
TypeSH
Market value$7.65M
3.53%
Sole
40.60K
Shared
0.00
None
0.00
COMPASS DIVERSIFIED
SOLEShares1.17M
TypeSH
Market value$5.59M
2.58%
Sole
1.17M
Shared
0.00
None
0.00
INVESCO DB US DLR INDEX TR
SOLEShares185.45K
TypeSH
Market value$5.01M
2.31%
Sole
185.45K
Shared
0.00
None
0.00
DRIVEN BRANDS HLDGS INC
SOLEShares303.41K
TypeSH
Market value$4.50M
2.07%
Sole
303.41K
Shared
0.00
None
0.00
MISTER CAR WASH INC
SOLEShares797.91K
TypeSH
Market value$4.44M
2.05%
Sole
797.91K
Shared
0.00
None
0.00
QUANEX BLDG PRODS CORP
SOLEShares274.34K
TypeSH
Market value$4.22M
1.95%
Sole
274.34K
Shared
0.00
None
0.00
ARBUTUS BIOPHARMA CORP
SOLEShares507.85K
TypeSH
Market value$2.44M
1.13%
Sole
507.85K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares7K
TypeSH
Market value$2.19M
1.01%
Sole
7K
Shared
0.00
None
0.00
FOX FACTORY HLDG CORP
SOLEShares120K
TypeSH
Market value$2.05M
0.95%
Sole
120K
Shared
0.00
None
0.00
FIRST FINL BANCORP OH
SOLEShares75K
TypeSH
Market value$1.88M
0.87%
Sole
75K
Shared
0.00
None
0.00
SAVERS VALUE VLG INC
SOLEShares200K
TypeSH
Market value$1.87M
0.86%
Sole
200K
Shared
0.00
None
0.00
ANGI INC
SOLEShares138.84K
TypeSH
Market value$1.80M
0.83%
Sole
138.84K
Shared
0.00
None
0.00
UPBOUND GROUP INC
SOLEShares100K
TypeSH
Market value$1.76M
0.81%
Sole
100K
Shared
0.00
None
0.00
SYNCHRONOSS TECHNOLOGIES INC
SOLEShares195.12K
TypeSH
Market value$1.67M
0.77%
Sole
195.12K
Shared
0.00
None
0.00
GALAPAGOS NV
SOLEShares32K
TypeSH
Market value$1.05M
0.48%
Sole
32K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SELECT MED HLDGS CORPSOLE | COM | 2.06M | SH | $30.65M 14.14% | 2.06M | 0.00 | 0.00 |
ALPHATEC HLDGS INCSOLE | COM NEW | 1.26M | SH | $26.41M 12.18% | 1.26M | 0.00 | 0.00 |
GREEN DOT CORPSOLE | CL A | 1.98M | SH | $25.33M 11.68% | 1.98M | 0.00 | 0.00 |
INNOSPEC INCSOLE | COM | 268.37K | SH | $20.54M 9.48% | 268.37K | 0.00 | 0.00 |
OCTAVE SPECIALTY GROUP INCSOLE | COM NEW | 2.50M | SH | $19.49M 8.99% | 2.50M | 0.00 | 0.00 |
AVIAT NETWORKS INCSOLE | COM NEW | 494.24K | SH | $10.57M 4.87% | 494.24K | 0.00 | 0.00 |
APARTMENT INVT & MGMT COSOLE | CL A | 1.68M | SH | $9.98M 4.60% | 1.68M | 0.00 | 0.00 |
BELITE BIO INCSOLE | SPONSORED ADS | 60.03K | SH | $9.60M 4.43% | 60.03K | 0.00 | 0.00 |
INSPERITY INCSOLE | COM | 215.60K | SH | $8.35M 3.85% | 215.60K | 0.00 | 0.00 |
EZCORP INCSOLE | CL A NON VTG | 400K | SH | $7.77M 3.58% | 400K | 0.00 | 0.00 |
FIVE BELOW INCSOLE | COM | 40.60K | SH | $7.65M 3.53% | 40.60K | 0.00 | 0.00 |
COMPASS DIVERSIFIEDSOLE | SH BEN INT | 1.17M | SH | $5.59M 2.58% | 1.17M | 0.00 | 0.00 |
INVESCO DB US DLR INDEX TRSOLE | BULLISH FD | 185.45K | SH | $5.01M 2.31% | 185.45K | 0.00 | 0.00 |
DRIVEN BRANDS HLDGS INCSOLE | COM | 303.41K | SH | $4.50M 2.07% | 303.41K | 0.00 | 0.00 |
MISTER CAR WASH INCSOLE | COM | 797.91K | SH | $4.44M 2.05% | 797.91K | 0.00 | 0.00 |
QUANEX BLDG PRODS CORPSOLE | COM | 274.34K | SH | $4.22M 1.95% | 274.34K | 0.00 | 0.00 |
ARBUTUS BIOPHARMA CORPSOLE | COM | 507.85K | SH | $2.44M 1.13% | 507.85K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 7K | SH | $2.19M 1.01% | 7K | 0.00 | 0.00 |
FOX FACTORY HLDG CORPSOLE | COM | 120K | SH | $2.05M 0.95% | 120K | 0.00 | 0.00 |
FIRST FINL BANCORP OHSOLE | COM | 75K | SH | $1.88M 0.87% | 75K | 0.00 | 0.00 |
SAVERS VALUE VLG INCSOLE | COM | 200K | SH | $1.87M 0.86% | 200K | 0.00 | 0.00 |
ANGI INCSOLE | CL A NEW | 138.84K | SH | $1.80M 0.83% | 138.84K | 0.00 | 0.00 |
UPBOUND GROUP INCSOLE | COM | 100K | SH | $1.76M 0.81% | 100K | 0.00 | 0.00 |
SYNCHRONOSS TECHNOLOGIES INCSOLE | COM NEW | 195.12K | SH | $1.67M 0.77% | 195.12K | 0.00 | 0.00 |
GALAPAGOS NVSOLE | SPON ADR | 32K | SH | $1.05M 0.48% | 32K | 0.00 | 0.00 |