13F HOLDINGS REPORT
Western Standard LLC
Quarter ended Q4 2025 · Filed February 3, 2026 · Accession 0001193125-26-034830
Total Value
$216.8M
Positions
25
Other Managers
0
Confidential Omitted
No
Holdings (25)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SELECT MED HLDGS CORP | 81619Q105 | 2,064,021 | $30.7M | 14.14% |
| 2 | ALPHATEC HLDGS INC | ATEC | 1,255,374 | $26.4M | 12.18% |
| 3 | GREEN DOT CORP | GDOT | 1,977,500 | $25.3M | 11.68% |
| 4 | INNOSPEC INC | IOSP | 268,367 | $20.5M | 9.48% |
| 5 | OCTAVE SPECIALTY GROUP INC | OSG | 2,504,627 | $19.5M | 8.99% |
| 6 | AVIAT NETWORKS INC | AVNW | 494,238 | $10.6M | 4.87% |
| 7 | APARTMENT INVT & MGMT CO | APA | 1,679,924 | $10.0M | 4.60% |
| 8 | BELITE BIO INC | BLTE | 60,026 | $9.6M | 4.43% |
| 9 | INSPERITY INC | NSP | 215,600 | $8.3M | 3.85% |
| 10 | EZCORP INC | EZPW | 400,000 | $7.8M | 3.58% |
| 11 | FIVE BELOW INC | FIVE | 40,600 | $7.6M | 3.53% |
| 12 | COMPASS DIVERSIFIED | CODI-PC | 1,165,000 | $5.6M | 2.58% |
| 13 | INVESCO DB US DLR INDEX TR | IVZ | 185,453 | $5.0M | 2.31% |
| 14 | DRIVEN BRANDS HLDGS INC | DRVN | 303,413 | $4.5M | 2.07% |
| 15 | MISTER CAR WASH INC | MCW | 797,906 | $4.4M | 2.05% |
| 16 | QUANEX BLDG PRODS CORP | 747619104 | 274,338 | $4.2M | 1.95% |
| 17 | ARBUTUS BIOPHARMA CORP | ABUS | 507,853 | $2.4M | 1.13% |
| 18 | ALPHABET INC | GOOG | 7,000 | $2.2M | 1.01% |
| 19 | FOX FACTORY HLDG CORP | FOXF | 120,000 | $2.1M | 0.95% |
| 20 | FIRST FINL BANCORP OH | 320209109 | 75,000 | $1.9M | 0.87% |
| 21 | SAVERS VALUE VLG INC | 80517M109 | 200,000 | $1.9M | 0.86% |
| 22 | ANGI INC | ANGI | 138,842 | $1.8M | 0.83% |
| 23 | UPBOUND GROUP INC | UPBD | 100,000 | $1.8M | 0.81% |
| 24 | SYNCHRONOSS TECHNOLOGIES INC | 87157B400 | 195,117 | $1.7M | 0.77% |
| 25 | GALAPAGOS NV | GLPGF | 32,000 | $1.0M | 0.48% |