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Western Standard LLC

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

Q1 2026 · Filed 2026-05-05
Market Value
$178M
-13.1%
Holdings
31
-2
New Purchases
8
Added To
5
Closed
10
Reduced
7
Top 10 Concentration
82.8%
Turnover
58.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TFX 12.40% 0.00% +12.40% $22M
CODI 13.83% 2.73% +11.10% $25M
GDOT 22.32% 12.35% +9.97% $40M
ANGIV 4.66% 0.88% +3.79% $8M
YETI 3.32% 0.00% +3.32% $6M
FRPT 2.39% 0.00% +2.39% $4M
WULF 2.22% 0.00% +2.22% $4M
HNRG 2.09% 0.00% +2.09% $4M
WEAV 1.33% 0.00% +1.33% $2M
CWH 1.18% 0.00% +1.18% $2M
HAIN 0.63% 0.00% +0.63% $1M
UUP 2.89% 2.44% +0.45% $5M
FFBC 1.33% 0.91% +0.41% $2M
ABUS 1.32% 1.19% +0.13% $2M
AVNW 5.27% 5.15% +0.12% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SEM 0.00% 14.94% -14.94% $0
ATEC 0.14% 12.88% -12.74% $245K
BLTE 0.00% 4.68% -4.68% $0
AMBC 5.86% 9.50% -3.64% $10M
NSP 1.67% 4.07% -2.40% $3M
DRVN 0.00% 2.19% -2.19% $0
MCW 0.00% 2.16% -2.16% $0
NX 0.00% 2.06% -2.06% $0
GOOGL 0.00% 1.07% -1.07% $0
FOXF 0.00% 1.00% -1.00% $0
EZPW 2.87% 3.79% -0.92% $5M
SVV 0.00% 0.91% -0.91% $0
RCII 0.00% 0.86% -0.86% $0
FIVE 2.98% 3.73% -0.75% $5M
IOSP 9.29% 10.01% -0.72% $17M

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 $0 0.0%
Large Cap 2 $9M 5.2%
Mid Cap 8 $35M 19.4%
Small Cap 17 $119M 66.6%
Micro Cap 3 $16M 8.8%

Portfolio Analytics

Avg Market Cap
$151.6B
Median Market Cap
$1.3B
Avg P/E
21.4
Median P/E
16.6
Avg Dividend Yield
0.01%
Avg Beta
1.06
# Stocks
30
# ETFs / Funds
1

Top Holdings (31 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GDOT 22.32% 3,546,626 $40M $11.22 $14M +1,569,126 +79.3%
2 CODI 13.83% 3,137,156 $25M $7.86 $19M +1,972,156 +169.3%
3 TFX 12.40% 184,817 $22M $119.61 +184,817 NEW
4 IOSP 9.29% 226,833 $17M $73.02 -$4M -41,534 -15.5%
5 AMBC 5.86% 2,247,591 $10M $4.65 -$9M -257,036 -10.3%
6 AVNW 5.27% 415,752 $9M $22.61 -$1M -78,486 -15.9%
7 ANGIV 4.66% 1,213,557 $8M $6.85 $7M +1,074,715 +774.1%
8 YETI 3.32% 162,000 $6M $36.59 +162,000 NEW
9 FIVE 2.98% 23,252 $5M $228.48 -$2M -17,348 -42.7%
10 UUP 2.89% 185,453 $5M $27.78 $139K
11 EZPW 2.87% 201,679 $5M $25.38 -$3M -198,321 -49.6%
12 FRPT 2.39% 72,400 $4M $58.96 +72,400 NEW
13 WULF 2.22% 274,876 $4M $14.43 +274,876 NEW
14 HNRG 2.09% 228,662 $4M $16.28 +228,662 NEW
15 NSP 1.67% 109,933 $3M $27.04 -$5M -105,667 -49.0%
16 WEAV 1.33% 514,093 $2M $4.62 +514,093 NEW
17 FFBC 1.33% 84,857 $2M $27.88 $489K +9,857 +13.1%
18 ABUS 1.32% 521,587 $2M $4.50 -$96K +13,734 +2.7%
19 CWH 1.18% 307,500 $2M $6.83 +307,500 NEW
20 HAIN 0.63% 1,617,037 $1M $0.70 +1,617,037 NEW
21 ATEC 0.14% 22,493 $245K $10.88 -$26M -1,232,881 -98.2%
22 BLTE —% -$10M -60,026 -100.0% SOLD
23 NX —% -$4M -274,338 -100.0% SOLD
24 DRVN —% -$4M -303,413 -100.0% SOLD
25 SVV —% -$2M -200,000 -100.0% SOLD
26 LKFT —% -$1M -32,000 -100.0% SOLD
27 GOOGL —% -$2M -7,000 -100.0% SOLD
28 SEM —% -$31M -2,064,021 -100.0% SOLD
29 MCW —% -$4M -797,906 -100.0% SOLD
30 FOXF —% -$2M -120,000 -100.0% SOLD
31 RCII —% -$2M -100,000 -100.0% SOLD

New Positions

SymbolValue% Port
TFX $22M 12.40%
YETI $6M 3.32%
FRPT $4M 2.39%
WULF $4M 2.22%
HNRG $4M 2.09%
WEAV $2M 1.33%
CWH $2M 1.18%
HAIN $1M 0.63%

Sold Out Positions

SymbolValue% Port
NX —%
SVV —%
SEM —%
LKFT —%
FOXF —%
DRVN —%
BLTE —%
GOOGL —%
MCW —%
RCII —%
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