Institutional Manager · CIK 0001399386
Bandera Partners LLC
Brooklyn, NY · File #028-13806
Latest AUM
$222.5M
Positions
13
Top-10 Concentration
93.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | AMKOR TECHNOLOGY INC | AMKR | -79,974 | -$3.2M | +$8.6M |
| REDUCE | BURFORD CAP LTD | BUR | -13,301 | -$118,645 | -$7.4M |
| REDUCE | ALPHABET INC | GOOG | 0 | $0 | +$6.2M |
| REDUCE | AMERESCO INC | AMRC | 0 | $0 | -$2.3M |
| REDUCE | BIOTE CORP | BTMD | 0 | $0 | -$913,516 |
| REDUCE | HIREQUEST INC | HQI | 0 | $0 | +$210,794 |
| REDUCE | JOINT CORP | JYNT | 0 | $0 | -$3.2M |
| REDUCE | NELNET INC | NNI | 0 | $0 | +$778,771 |
| REDUCE | POWERFLEET INC | AIOT | 0 | $0 | +$150,533 |
| REDUCE | RED ROBIN GOURMET BURGERS IN | RRGB | 0 | $0 | -$3.8M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202513 pos · $222.5M
- 13F HOLDINGS REPORTQ/E Sep 202513 pos · $228.1M
- 13F HOLDINGS REPORTQ/E Jun 202514 pos · $221.9M
- 13F HOLDINGS REPORTQ/E Mar 202518 pos · $277.9M
- 13F HOLDINGS REPORTQ/E Dec 202418 pos · $262.7M
- 13F HOLDINGS REPORTQ/E Sep 202418 pos · $264.9M
- 13F HOLDINGS REPORTQ/E Jun 202419 pos · $275.9M
- 13F HOLDINGS REPORTQ/E Mar 202419 pos · $256.6M
- 13F HOLDINGS REPORTQ/E Dec 202318 pos · $277.0M
Top 13 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | JOINT CORP | JYNT | 3,937,296 | $34.3M | 15.43% |
| 2 | STAR GROUP L P | SGU | 2,745,360 | $32.5M | 14.61% |
| 3 | ALPHABET INC | GOOG | 89,322 | $28.0M | 12.57% |
| 4 | AMKOR TECHNOLOGY INC | AMKR | 693,519 | $27.4M | 12.31% |
| 5 | BURFORD CAP LTD | BUR | 2,414,460 | $21.5M | 9.68% |
| 6 | SKYWEST INC | SKYW | 179,107 | $18.0M | 8.08% |
| 7 | AMERESCO INC | AMRC | 526,769 | $15.4M | 6.94% |
| 8 | NELNET INC | NNI | 102,389 | $13.6M | 6.12% |
| 9 | POWERFLEET INC | AIOT | 1,881,666 | $10.0M | 4.50% |
| 10 | TANDY LEATHER FACTORY INC | TLF | 2,857,936 | $7.8M | 3.52% |
| 11 | BIOTE CORP | BTMD | 2,283,791 | $5.9M | 2.67% |
| 12 | RED ROBIN GOURMET BURGERS IN | RRGB | 1,350,000 | $5.5M | 2.46% |
| 13 | HIREQUEST INC | HQI | 236,847 | $2.5M | 1.12% |