13F COMBINATION REPORT
GENDELL JEFFREY L
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001214659-26-001719
Total Value
$5.76B
Positions
160
Other Managers
3
Confidential Omitted
No
Holdings (160)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | IES HOLDINGS INC | IESC | 5,532,550 | $2.15B | 37.39% |
| 2 | IES HOLDINGS INC | IESC | 4,106,229 | $1.60B | 27.75% |
| 3 | IES HOLDINGS INC | IESC | 709,628 | $276.1M | 4.80% |
| 4 | OWENS CORNING | OC | 691,703 | $77.4M | 1.34% |
| 5 | ALPHA METALLURGICAL RESOURCE | 020764106 | 340,377 | $68.0M | 1.18% |
| 6 | AVADEL PHARMACEUTICALS | G29687103 | 2,859,475 | $61.6M | 1.07% |
| 7 | GENWORTH FINANCIAL INC | 37247D106 | 5,067,839 | $45.8M | 0.80% |
| 8 | WHITE MOUNTAINS INSURANCE GP | G9618E107 | 21,426 | $44.5M | 0.77% |
| 9 | TUTOR PERINI CORP | TPC | 615,266 | $41.2M | 0.72% |
| 10 | AVADEL PHARMACEUTICALS | G29687103 | 1,909,882 | $41.2M | 0.72% |
| 11 | MOHAWK INDUSTRIES INC | 608190104 | 340,894 | $37.3M | 0.65% |
| 12 | TRANSOCEAN LTD | RIG | 8,285,816 | $34.2M | 0.59% |
| 13 | SANDISK CORP | SNDK | 131,811 | $31.3M | 0.54% |
| 14 | LUMEN TECHNOLOGIES INC | LUMN | 4,022,830 | $31.3M | 0.54% |
| 15 | VANECK OIL SERVICES ETF | 92189H607 | 109,503 | $31.2M | 0.54% |
| 16 | ALPHA METALLURGICAL RESOURCE | 020764106 | 153,695 | $30.7M | 0.53% |
| 17 | MICRON TECHNOLOGY INC | MU | 107,530 | $30.7M | 0.53% |
| 18 | BLUELINX HOLDINGS INC | BXC | 485,715 | $29.8M | 0.52% |
| 19 | FLEX LTD | FLEX | 486,835 | $29.4M | 0.51% |
| 20 | WESTERN DIGITAL CORP | WDC | 157,996 | $27.2M | 0.47% |
| 21 | OWENS CORNING | OC | 230,360 | $25.8M | 0.45% |
| 22 | BABCOCK & WILCOX ENTERPR | BW-PA | 3,902,385 | $24.7M | 0.43% |
| 23 | AVADEL PHARMACEUTICALS | G29687103 | 1,131,500 | $24.4M | 0.42% |
| 24 | SS SPDR S&P BIOTECH ETF | 78464A870 | 192,500 | $23.5M | 0.41% |
| 25 | CHAMPION HOMES INC | SKY | 274,036 | $23.2M | 0.40% |
| 26 | WHITE MOUNTAINS INSURANCE GP | G9618E107 | 11,094 | $23.1M | 0.40% |
| 27 | INDIVIOR PLC | INDV | 633,295 | $22.7M | 0.39% |
| 28 | TETRA TECHNOLOGIES INC | 88162F105 | 2,385,544 | $22.4M | 0.39% |
| 29 | SLB LTD | SLB | 531,000 | $20.4M | 0.35% |
| 30 | UFP INDUSTRIES INC | UFPI | 217,544 | $19.8M | 0.34% |
| 31 | ATKORE INC | ATKR | 311,207 | $19.7M | 0.34% |
| 32 | HALLIBURTON CO | HAL | 690,825 | $19.5M | 0.34% |
| 33 | TUTOR PERINI CORP | TPC | 274,649 | $18.4M | 0.32% |
| 34 | FIRST TRUST NATURAL GAS ETF | 33733E807 | 780,124 | $18.3M | 0.32% |
| 35 | ADVANCED MICRO DEVICES | AMD | 82,500 | $17.7M | 0.31% |
| 36 | NABORS INDUSTRIES LTD | NBRWF | 322,799 | $17.5M | 0.30% |
| 37 | INDIVIOR PLC | INDV | 463,048 | $16.6M | 0.29% |
| 38 | BOEING CO/THE | BA-PA | 71,811 | $15.6M | 0.27% |
| 39 | CORNING INC | GLW | 165,677 | $14.5M | 0.25% |
| 40 | BLUELINX HOLDINGS INC | BXC | 233,278 | $14.3M | 0.25% |
| 41 | LIBERTY ENERGY INC | LBRT | 771,289 | $14.2M | 0.25% |
| 42 | EQT CORP | EQT | 263,897 | $14.1M | 0.25% |
| 43 | SLB LTD | SLB | 339,000 | $13.0M | 0.23% |
| 44 | INNOSPEC INC | IOSP | 168,970 | $12.9M | 0.22% |
| 45 | GENWORTH FINANCIAL INC | 37247D106 | 1,418,049 | $12.8M | 0.22% |
| 46 | SMART SAND INC | SND | 3,026,367 | $12.1M | 0.21% |
| 47 | CORNING INC | GLW | 135,223 | $11.8M | 0.21% |
| 48 | FLEX LTD | FLEX | 189,613 | $11.5M | 0.20% |
| 49 | MOHAWK INDUSTRIES INC | 608190104 | 104,775 | $11.5M | 0.20% |
| 50 | CORE NATURAL RESOURCES INC | CNR | 128,836 | $11.4M | 0.20% |
| 51 | PATRICK INDUSTRIES INC | 703343103 | 105,088 | $11.4M | 0.20% |
| 52 | PEABODY ENERGY CORP | BTU | 378,791 | $11.3M | 0.20% |
| 53 | UFP INDUSTRIES INC | UFPI | 123,154 | $11.2M | 0.19% |
| 54 | TECHNIPFMC PLC | FTI | 240,000 | $10.7M | 0.19% |
| 55 | VANECK OIL SERVICES ETF | 92189H607 | 37,029 | $10.5M | 0.18% |
| 56 | LSB INDUSTRIES INC | 502160104 | 1,226,812 | $10.4M | 0.18% |
| 57 | TRANSOCEAN LTD | RIG | 2,504,017 | $10.3M | 0.18% |
| 58 | MICRON TECHNOLOGY INC | MU | 35,843 | $10.2M | 0.18% |
| 59 | REPUBLIC BANCORP INC-CLASS A | RBCAA | 142,916 | $9.9M | 0.17% |
| 60 | APPLE INC | AAPL | 35,000 | $9.5M | 0.17% |
| 61 | FMC CORP | FMC | 675,000 | $9.4M | 0.16% |
| 62 | WESTERN DIGITAL CORP | WDC | 52,193 | $9.0M | 0.16% |
| 63 | OCTAVE SPECIALTY GROUP INC | OSG | 1,153,191 | $9.0M | 0.16% |
| 64 | INNOSPEC INC | IOSP | 116,381 | $8.9M | 0.15% |
| 65 | OIL STATES INTERNATIONAL INC | 678026105 | 1,286,420 | $8.7M | 0.15% |
| 66 | IF BANCORP INC | 44951J105 | 318,978 | $8.6M | 0.15% |
| 67 | SS SPDR S&P BIOTECH ETF | 78464A870 | 69,778 | $8.5M | 0.15% |
| 68 | ORION GROUP HOLDINGS INC | ORN | 844,760 | $8.4M | 0.15% |
| 69 | MATRIX SERVICE CO | 576853105 | 717,376 | $8.4M | 0.15% |
| 70 | SUNCOKE ENERGY INC | SXC | 1,133,599 | $8.2M | 0.14% |
| 71 | SANDISK CORP | SNDK | 33,638 | $8.0M | 0.14% |
| 72 | PEOPLES BANCORP OF NC | PEBO | 217,763 | $7.9M | 0.14% |
| 73 | LSB INDUSTRIES INC | 502160104 | 907,318 | $7.7M | 0.13% |
| 74 | CUMMINS INC | CMI | 15,000 | $7.7M | 0.13% |
| 75 | BABCOCK & WILCOX ENTERPR | BW-PA | 1,143,683 | $7.3M | 0.13% |
| 76 | INNOVEX INTERNATIONAL INC | INVX | 329,190 | $7.2M | 0.13% |
| 77 | TOWER SEMICONDUCTOR LTD | TSEM | 60,000 | $7.0M | 0.12% |
| 78 | HUMANA INC | HUM | 27,000 | $6.9M | 0.12% |
| 79 | WINNEBAGO INDUSTRIES | 974637100 | 170,585 | $6.9M | 0.12% |
| 80 | BAUSCH HEALTH COS INC | 071734107 | 973,758 | $6.8M | 0.12% |
| 81 | FIRST UNITED CORP | 33741H107 | 178,352 | $6.7M | 0.12% |
| 82 | HALLIBURTON CO | HAL | 230,275 | $6.5M | 0.11% |
| 83 | BAXTER INTERNATIONAL INC | 071813109 | 334,594 | $6.4M | 0.11% |
| 84 | CORE LABORATORIES INC | CLB | 390,626 | $6.3M | 0.11% |
| 85 | MATERION CORP | MTRN | 47,103 | $5.9M | 0.10% |
| 86 | SELECT WATER SOLUTIONS INC | WTTR | 546,309 | $5.7M | 0.10% |
| 87 | LUMEN TECHNOLOGIES INC | LUMN | 738,386 | $5.7M | 0.10% |
| 88 | FIRST US BANCSHARES INC | FUSB | 397,454 | $5.6M | 0.10% |
| 89 | FRIEDMAN INDUSTRIES | 358435105 | 267,952 | $5.5M | 0.10% |
| 90 | FIRST MID BANCSHARES INC | 320866106 | 137,473 | $5.4M | 0.09% |
| 91 | NOV INC | NOV | 339,697 | $5.3M | 0.09% |
| 92 | ALERUS FINANCIAL CORP | 01446U103 | 233,700 | $5.3M | 0.09% |
| 93 | GOODYEAR TIRE & RUBBER CO | 382550101 | 599,760 | $5.3M | 0.09% |
| 94 | AMERISERV FINANCIAL INC | 03074A102 | 1,635,677 | $5.2M | 0.09% |
| 95 | SOUTHLAND HOLDINGS INC | SLND-WT | 1,568,084 | $5.2M | 0.09% |
| 96 | DRILLING TOOLS INTERNATIONAL | 26205E107 | 2,065,233 | $5.1M | 0.09% |
| 97 | PROSPECT CAPITAL CORP | PSEC-PA | 1,872,927 | $4.9M | 0.08% |
| 98 | ADVANCED MICRO DEVICES | AMD | 22,500 | $4.8M | 0.08% |
| 99 | ATKORE INC | ATKR | 75,994 | $4.8M | 0.08% |
| 100 | PROSPECT CAPITAL CORP | PSEC-PA | 1,855,392 | $4.8M | 0.08% |
| 101 | EQT CORP | EQT | 87,966 | $4.7M | 0.08% |
| 102 | TETRA TECHNOLOGIES INC | 88162F105 | 500,000 | $4.7M | 0.08% |
| 103 | AVANTOR INC | AVTR | 408,750 | $4.7M | 0.08% |
| 104 | DMC GLOBAL INC | BOOM | 698,717 | $4.7M | 0.08% |
| 105 | CORE NATURAL RESOURCES INC | CNR | 51,913 | $4.6M | 0.08% |
| 106 | CITIZENS COMMUNITY BANCORP I | CIA | 248,319 | $4.4M | 0.08% |
| 107 | CHOICEONE FINANCIAL SVCS INC | 170386106 | 148,548 | $4.4M | 0.08% |
| 108 | CORE LABORATORIES INC | CLB | 257,834 | $4.1M | 0.07% |
| 109 | MATRIX SERVICE CO | 576853105 | 340,185 | $4.0M | 0.07% |
| 110 | FIRST TRUST NATURAL GAS ETF | 33733E807 | 163,750 | $3.8M | 0.07% |
| 111 | PEABODY ENERGY CORP | BTU | 127,823 | $3.8M | 0.07% |
| 112 | CUMMINS INC | CMI | 7,240 | $3.7M | 0.06% |
| 113 | CHAMPION HOMES INC | SKY | 43,061 | $3.6M | 0.06% |
| 114 | TECHNIPFMC PLC | FTI | 80,000 | $3.6M | 0.06% |
| 115 | OCTAVE SPECIALTY GROUP INC | OSG | 416,281 | $3.2M | 0.06% |
| 116 | FMC CORP | FMC | 225,000 | $3.1M | 0.05% |
| 117 | MATERION CORP | MTRN | 24,193 | $3.0M | 0.05% |
| 118 | INVESCO S&P SMALLCAP ENERGY | IVZ | 68,469 | $2.9M | 0.05% |
| 119 | KLX ENERGY SERVICES HOLDING | 48253L205 | 1,525,216 | $2.9M | 0.05% |
| 120 | COHERENT CORP | COHR | 15,000 | $2.8M | 0.05% |
| 121 | CAMDEN NATIONAL CORP | 133034108 | 61,269 | $2.7M | 0.05% |
| 122 | INSEEGO CORP | INSG | 255,205 | $2.6M | 0.05% |
| 123 | ORION GROUP HOLDINGS INC | ORN | 259,540 | $2.6M | 0.04% |
| 124 | BV FINANCIAL INC | 05603E208 | 141,262 | $2.6M | 0.04% |
| 125 | SUNCOKE ENERGY INC | SXC | 338,441 | $2.4M | 0.04% |
| 126 | SHORE BANCSHARES INC | SHBI | 136,840 | $2.4M | 0.04% |
| 127 | COHERENT CORP | COHR | 12,627 | $2.3M | 0.04% |
| 128 | HUMANA INC | HUM | 9,000 | $2.3M | 0.04% |
| 129 | BAUSCH HEALTH COS INC | 071734107 | 324,517 | $2.3M | 0.04% |
| 130 | BOEING CO/THE | BA-PA | 10,000 | $2.2M | 0.04% |
| 131 | BAXTER INTERNATIONAL INC | 071813109 | 111,531 | $2.1M | 0.04% |
| 132 | GOODYEAR TIRE & RUBBER CO | 382550101 | 220,809 | $1.9M | 0.03% |
| 133 | OIL STATES INTERNATIONAL INC | 678026105 | 278,849 | $1.9M | 0.03% |
| 134 | OPTICAL CABLE CORP | OCC | 415,340 | $1.8M | 0.03% |
| 135 | UNIVERSAL TECHNICAL INSTITUT | UTI | 68,689 | $1.8M | 0.03% |
| 136 | INSEEGO CORP | INSG | 174,096 | $1.8M | 0.03% |
| 137 | FRIEDMAN INDUSTRIES | 358435105 | 86,624 | $1.8M | 0.03% |
| 138 | ALCOA CORP | AA | 33,394 | $1.8M | 0.03% |
| 139 | TOWER SEMICONDUCTOR LTD | TSEM | 15,000 | $1.8M | 0.03% |
| 140 | AVANTOR INC | AVTR | 136,250 | $1.6M | 0.03% |
| 141 | TECOGEN INC/WALTHAM MA | TGEN | 295,541 | $1.5M | 0.03% |
| 142 | INNOVEX INTERNATIONAL INC | INVX | 63,121 | $1.4M | 0.02% |
| 143 | DMC GLOBAL INC | BOOM | 203,589 | $1.4M | 0.02% |
| 144 | SOUTHLAND HOLDINGS INC | SLND-WT | 331,856 | $1.1M | 0.02% |
| 145 | NABORS INDUSTRIES LTD | NBRWF | 20,000 | $1.1M | 0.02% |
| 146 | SB FINANCIAL GROUP INC | 78408D105 | 46,286 | $1.0M | 0.02% |
| 147 | DRILLING TOOLS INTERNATIONAL | 26205E107 | 374,504 | $917,535 | 0.02% |
| 148 | BLUE RIDGE BANKSHARES INC | BRBS | 214,608 | $916,376 | 0.02% |
| 149 | FIRST BANK/HAMILTON NJ | 31931U102 | 48,939 | $805,536 | 0.01% |
| 150 | INTERFACE INC | TILE | 25,000 | $698,000 | 0.01% |
| 151 | UNIVERSAL TECHNICAL INSTITUT | UTI | 22,896 | $598,272 | 0.01% |
| 152 | FENNEC PHARMACEUTICALS INC | FENC | 73,494 | $565,904 | 0.01% |
| 153 | FENNEC PHARMACEUTICALS INC | FENC | 66,065 | $508,701 | 0.01% |
| 154 | FERROGLOBE PLC | GSM | 97,997 | $454,706 | 0.01% |
| 155 | KLX ENERGY SERVICES HOLDING | 48253L205 | 227,892 | $430,716 | 0.01% |
| 156 | SMART SAND INC | SND | 100,548 | $402,192 | 0.01% |
| 157 | STEPAN CO | SCL | 6,826 | $323,279 | 0.01% |
| 158 | CIVISTA BANCSHARES INC | CIVB | 10,000 | $222,200 | 0.00% |
| 159 | IF BANCORP INC | 44951J105 | 7,201 | $194,139 | 0.00% |
| 160 | STEPAN CO | SCL | 2,259 | $106,986 | 0.00% |