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Western Standard LLC

5757 WILSHIRE BLVD SUITE 636, LOS ANGELES, CA 90036 • 3109294303

Q4 2025 · Filed 2026-02-03
Market Value
$205M
+9.7%
Holdings
33
+3
New Purchases
11
Added To
5
Closed
10
Reduced
3
Top 10 Concentration
81.1%
Turnover
63.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IOSP 10.01% 1.11% +8.90% $21M
SEM 14.94% 7.25% +7.69% $31M
GDOT 12.35% 4.79% +7.56% $25M
BLTE 4.68% 0.00% +4.68% $10M
NSP 4.07% 0.00% +4.07% $8M
ATEC 12.88% 9.76% +3.11% $26M
CODI 2.73% 0.00% +2.73% $6M
NX 2.06% 0.00% +2.06% $4M
AVNW 5.15% 3.29% +1.87% $11M
GOOGL 1.07% 0.00% +1.07% $2M
FOXF 1.00% 0.00% +1.00% $2M
FFBC 0.91% 0.00% +0.91% $2M
SVV 0.91% 0.00% +0.91% $2M
ANGIV 0.88% 0.00% +0.88% $2M
RCII 0.86% 0.00% +0.86% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KROS 0.00% 18.53% -18.53% $0
CWCO 0.00% 4.00% -4.00% $0
DRVN 2.19% 5.97% -3.78% $4M
NPK 0.00% 3.64% -3.64% $0
BBWI 0.00% 3.62% -3.62% $0
0H7R.L 0.00% 3.53% -3.53% $0
AMBC 9.50% 11.78% -2.28% $19M
YETI 0.00% 2.10% -2.10% $0
FRPT 0.00% 1.89% -1.89% $0
SXT 0.00% 1.73% -1.73% $0
EZPW 3.79% 5.40% -1.61% $8M
CMA 0.00% 1.08% -1.08% $0
FIGS 0.00% 1.00% -1.00% $0
UUP 2.44% 2.73% -0.28% $5M
MCW 2.16% 2.22% -0.05% $4M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 37.5%
Industrials 15.5%
Healthcare 13.9%
Basic Materials 9.3%
Consumer Cyclical 7.5%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $2M 1.1%
Large Cap 2 $8M 3.7%
Mid Cap 10 $51M 24.9%
Small Cap 17 $129M 62.7%
Micro Cap 3 $16M 7.6%

Portfolio Analytics

Avg Market Cap
$142.6B
Median Market Cap
$1.5B
Avg P/E
21.5
Median P/E
16.7
Avg Dividend Yield
0.01%
Avg Beta
0.94
# Stocks
32
# ETFs / Funds
1

Top Holdings (33 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SEM 14.94% 2,064,021 $31M $14.85 $17M +1,008,664 +95.6%
2 ATEC 12.88% 1,255,374 $26M $21.04 $8M
3 GDOT 12.35% 1,977,500 $25M $12.81 $16M +1,311,170 +196.8%
4 IOSP 10.01% 268,367 $21M $76.54 $18M +241,367 +894.0%
5 AMBC 9.50% 2,504,627 $19M $7.78 -$3M -136,724 -5.2%
6 AVNW 5.15% 494,238 $11M $21.38 $4M +226,332 +84.5%
7 BLTE 4.68% 60,026 $10M $159.96 +60,026 NEW
8 NSP 4.07% 215,600 $8M $38.72 +215,600 NEW
9 EZPW 3.79% 400,000 $8M $19.42 -$2M -130,000 -24.5%
10 FIVE 3.73% 40,600 $8M $188.36 $1M
11 CODI 2.73% 1,165,000 $6M $4.80 +1,165,000 NEW
12 UUP 2.44% 185,453 $5M $27.03 -$89K
13 DRVN 2.19% 303,413 $4M $14.82 -$7M -390,000 -56.2%
14 MCW 2.16% 797,906 $4M $5.56 $292K +20,424 +2.6%
15 NX 2.06% 274,338 $4M $15.38 +274,338 NEW
16 ABUS 1.19% 507,853 $2M $4.81 $137K
17 GOOGL 1.07% 7,000 $2M $313.00 +7,000 NEW
18 FOXF 1.00% 120,000 $2M $17.11 +120,000 NEW
19 FFBC 0.91% 75,000 $2M $25.02 +75,000 NEW
20 SVV 0.91% 200,000 $2M $9.34 +200,000 NEW
21 ANGIV 0.88% 138,842 $2M $12.93 +138,842 NEW
22 RCII 0.86% 100,000 $2M $17.56 +100,000 NEW
23 LKFT 0.51% 32,000 $1M $32.70 +32,000 NEW
24 YETI —% -$4M -118,455 -100.0% SOLD
25 FRPT —% -$4M -64,000 -100.0% SOLD
26 FIGS —% -$2M -278,440 -100.0% SOLD
27 CMA —% -$2M -29,500 -100.0% SOLD
28 BBWI —% -$7M -263,061 -100.0% SOLD
29 0H7R.L —% -$7M -1,249,957 -100.0% SOLD
30 SXT —% -$3M -34,452 -100.0% SOLD
31 NPK —% -$7M -60,730 -100.0% SOLD
32 KROS —% -$35M -2,189,882 -100.0% SOLD
33 CWCO —% -$7M -211,785 -100.0% SOLD

Options Breakdown

0 Calls $0 Call Value 2 Puts $0 Put Value

Top Puts

SymbolSharesValueStatus
SPY $0 SOLD
IWM $0 SOLD

New Positions

SymbolValue% Port
BLTE $10M 4.68%
NSP $8M 4.07%
CODI $6M 2.73%
NX $4M 2.06%
GOOGL $2M 1.07%
FOXF $2M 1.00%
FFBC $2M 0.91%
SVV $2M 0.91%
ANGIV $2M 0.88%
RCII $2M 0.86%
LKFT $1M 0.51%

Sold Out Positions

SymbolValue% Port
YETI —%
BBWI —%
FIGS —%
NPK —%
SXT —%
KROS —%
FRPT —%
CWCO —%
0H7R.L —%
CMA —%
View SEC EDGAR Filings for Western Standard LLC →

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