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Nierenberg Investment Management Company, LLC

Q4 2025 · Filed 2026-02-13
Market Value
$198M
+9.6%
Holdings
48
+5
New Purchases
9
Added To
5
Closed
6
Reduced
3
Top 10 Concentration
89.6%
Turnover
31.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SGOV 32.45% 0.00% +32.45% $64M
RKT 13.06% 0.00% +13.06% $26M
0I4T.L 9.25% 5.31% +3.94% $18M
FCN 0.82% 0.00% +0.82% $2M
VRT 0.57% 0.00% +0.57% $1M
TNDM 0.49% 0.00% +0.49% $979K
GLRE 0.41% 0.00% +0.41% $810K
BKD 2.23% 1.92% +0.31% $4M
PLAB 0.10% 0.00% +0.10% $203K
TTEC 0.10% 0.00% +0.10% $200K
BFH 0.57% 0.47% +0.10% $1M
KBR 1.50% 1.40% +0.09% $3M
HOPE 0.07% 0.00% +0.07% $138K
CNXC 1.35% 1.29% +0.06% $3M
SEB 0.64% 0.58% +0.06% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PBPB 0.00% 28.08% -28.08% $0
COOP 0.00% 14.70% -14.70% $0
LYFT 7.95% 9.90% -1.95% $16M
EQT 14.43% 16.15% -1.72% $29M
ADTN 0.41% 1.78% -1.37% $809K
MTCH 0.00% 1.11% -1.11% $0
TPC 0.00% 0.90% -0.90% $0
RVSB 5.15% 6.04% -0.89% $10M
RRC 0.00% 0.62% -0.62% $0
PLPC 0.00% 0.49% -0.49% $0
GDOT 2.19% 2.52% -0.33% $4M
ARHS 0.09% 0.35% -0.26% $172K
CLFD 0.24% 0.31% -0.07% $481K
HLX 0.39% 0.45% -0.06% $780K
OSK 0.36% 0.41% -0.05% $722K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 6 $122M 61.4%
Mid Cap 12 $28M 14.2%
Small Cap 23 $37M 18.5%
Micro Cap 7 $12M 5.9%

Portfolio Analytics

Avg Market Cap
$7.9B
Median Market Cap
$1.5B
Avg P/E
34.5
Median P/E
13.7
Avg Dividend Yield
0.01%
Avg Beta
1.13
# Stocks
47
# ETFs / Funds
1

Top Holdings (48 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SGOV 32.45% 640,597 $64M $100.38 — +640,597 — NEW
2 EQT 14.43% 533,363 $29M $53.60 -$624K -3,330 -0.6%
3 RKT 13.06% 1,336,631 $26M $19.36 — +1,336,631 — NEW
4 0I4T.L 9.25% 888,888 $18M $20.61 $9M +463,929 +109.2%
5 LYFT 7.95% 813,555 $16M $19.37 -$2M — —
6 RVSB 5.15% 2,032,775 $10M $5.02 -$711K — —
7 BKD 2.23% 410,110 $4M $10.79 $951K — —
8 GDOT 2.19% 339,110 $4M $12.81 -$210K — —
9 KBR 1.50% 73,710 $3M $40.20 $423K +20,000 +37.2%
10 CNXC 1.35% 64,480 $3M $41.58 $351K +14,000 +27.7%
11 ECVT 1.12% 228,810 $2M $9.73 $222K — —
12 DHC 1.12% 456,110 $2M $4.85 $201K — —
13 EXE 0.87% 15,555 $2M $110.36 $64K — —
14 FCN 0.82% 9,555 $2M $170.83 — +9,555 — NEW
15 DXC 0.76% 102,510 $2M $14.65 $145K +2,955 +3.0%
16 SEB 0.64% 286 $1M $4,444.82 $228K — —
17 BFH 0.57% 15,380 $1M $74.03 $281K — —
18 VRT 0.57% 7,000 $1M $162.01 — +7,000 — NEW
19 TNDM 0.49% 44,555 $979K $21.98 — +44,555 — NEW
20 GLRE 0.41% 55,555 $810K $14.58 — +55,555 — NEW
21 ADTN 0.41% 93,110 $809K $8.69 -$2M -250,000 -72.9%
22 HLX 0.39% 124,450 $780K $6.27 -$36K — —
23 OIS 0.38% 111,555 $755K $6.77 $79K — —
24 TTGT 0.37% 136,910 $739K $5.40 $91K +25,355 +22.7%
25 OSK 0.36% 5,750 $722K $125.63 -$23K — —
26 CLFD 0.24% 16,510 $481K $29.15 -$86K — —
27 FLR 0.13% 6,555 $260K $39.63 -$16K — —
28 GIFI 0.11% 17,555 $210K $11.97 $87K — —
29 PLAB 0.10% 6,330 $203K $32.00 — +6,330 — NEW
30 TTEC 0.10% 55,555 $200K $3.60 — +55,555 — NEW
31 ARHS 0.09% 15,310 $172K $11.21 -$459K -44,000 -74.2%
32 HOPE 0.07% 12,555 $138K $10.96 — +12,555 — NEW
33 WNC 0.05% 12,555 $109K $8.65 -$15K — —
34 OSUR 0.05% 44,555 $108K $2.42 -$35K — —
35 FORR 0.05% 11,555 $94K $8.12 -$29K — —
36 OMI 0.04% 27,555 $77K $2.80 -$55K — —
37 CTMX 0.03% 12,555 $53K $4.26 $13K — —
38 EB 0.03% 11,555 $51K $4.45 $22K — —
39 TALK 0.02% 11,555 $42K $3.63 $10K — —
40 WTI 0.01% 13,555 $22K $1.63 -$3K — —
41 NNBR 0.01% 13,555 $17K $1.28 -$11K — —
42 OLPX 0.01% 12,555 $17K $1.34 $377 — —
43 COOP —% — — — -$27M -126,121 -100.0% SOLD
44 PLPC —% — — — -$893K -4,555 -100.0% SOLD
45 TPC —% — — — -$2M -24,680 -100.0% SOLD
46 PBPB —% — — — -$51M -2,980,564 -100.0% SOLD
47 MTCH —% — — — -$2M -56,680 -100.0% SOLD
48 RRC —% — — — -$1M -29,555 -100.0% SOLD

Options Breakdown

3 Calls $2M Call Value 10 Puts $5M Put Value 2.27 P/C Ratio

Top Calls

SymbolSharesValueStatus
EXE 14,000 $2M
CNXC 20,000 $832K NEW
BRY — $0 SOLD

Top Puts

SymbolSharesValueStatus
GEV 7,600 $5M
OMI 150,000 $420K
CEG — $0 SOLD
ANET — $0 SOLD
NVDA — $0 SOLD
VRT — $0 SOLD
ETN — $0 SOLD
AVGO — $0 SOLD
SPY — $0 SOLD
QQQ — $0 SOLD

New Positions

SymbolValue% Port
SGOV $64M 32.45%
RKT $26M 13.06%
FCN $2M 0.82%
VRT $1M 0.57%
TNDM $979K 0.49%
GLRE $810K 0.41%
PLAB $203K 0.10%
TTEC $200K 0.10%
HOPE $138K 0.07%

Sold Out Positions

SymbolValue% Port
RRC — —%
TPC — —%
MTCH — —%
PLPC — —%
PBPB — —%
COOP — —%
View SEC EDGAR Filings for Nierenberg Investment Management Company, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms