SEC 13F Intelligence

Managers / Q2 2025 · view latest →

BARD ASSOCIATES INC

CIK 0001105907 · 233 SOUTH WACKER DRIVE, SUITE 4400, CHICAGO, IL, 60606 · 3127829600

Reported Value
$311M
Q2 2025
Positions
173
Filings on Record
31
2019–present window
Filed
Aug 5, 2025
original filing

Summary

Bard Associates Inc reported $311M in U.S.-listed holdings across 173 positions for Q2 2025.

Its largest position, ENSG, represents 4.2% of the portfolio.

Compared with Q1 2025, the fund opened 11 new positions and exited 17.

Portfolio Metrics

Turnover
+9.3%
vs prior filed quarter
Top-10 Concentration
+24.6%
share of reported value
Largest Position
+4.2%
Ensign
New / Exited
11 / 17
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $173MQ4 ’18Q1 ’19: $198MQ2 ’19: $200MQ3 ’19: $197MQ4 ’19: $197MQ4 ’19Q1 ’20: $136MQ2 ’20: $180MQ3 ’20: $189MQ4 ’20: $253MQ4 ’20Q1 ’21: $277MQ2 ’21: $306MQ3 ’21: $296MQ4 ’21: $304MQ4 ’21Q1 ’22: $283MQ2 ’22: $234MQ3 ’22: $222MQ4 ’22: $232MQ4 ’22Q1 ’23: $242MQ2 ’23: $258MQ3 ’23: $242MQ4 ’23: $263MQ4 ’23Q1 ’24: $278MQ2 ’24: $261MQ3 ’24: $293MQ4 ’24: $294MQ4 ’24Q1 ’25: $268MQ2 ’25: $311MQ3 ’25: $377MQ4 ’25: $389MQ4 ’25Q1 ’26: $398Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 72.0%ETP: 13.9%REIT: 7.1%Closed-End Fund: 3.6%Other: 1.8%Other: 1.7%
  • Common Stock · 72.0% · $224M
  • ETP · 13.9% · $43M
  • REIT · 7.1% · $22M
  • Closed-End Fund · 3.6% · $11M
  • Other · 1.8% · $6M
  • Other · 1.7% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
OROR ROYALTIES INCNEW+195.9K195.9K+$5M$5M
TGENTECOGEN INC NEWNEW+623.6K623.6K+$4M$4M
JANUS DETROIT STR TRNEW+78.9K78.9K+$4M$4M
AEHRAEHR TEST SYSNEW+194.5K194.5K+$3M$3M
ACNTASCENT INDUSTRIES CONEW+172.1K172.1K+$2M$2M
INUVINUVO INCNEW+389.6K389.6K+$2M$2M
NEUROONE MED TECHNOLOGIES CONEW+1.85M1.85M+$1M$1M
PMNTPERFECT MOMENT LTDNEW+4.40M4.40M+$1M$1M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ENSGENSIGN GROUP INChistory →COM4.22%$13M85.0K
2VANECK ETF TRUSTBDC INCOME ETF · JUNIOR GOLD MINE4.11%$13M570.0K
3J2AWILLDAN GROUP INChistory →COM2.63%$8M130.7K
4COHRCOHERENT CORPhistory →COM2.56%$8M89.3K
5XFFCXFLAHERTY & CRUMRINE PFD SECShistory →COM2.33%$7M445.6K
6ISHARES TRPFD AND INCM SEC2.18%$7M221.1K
7FIPFTAI INFRASTRUCTURE INChistory →COMMON STOCK2.15%$7M1.09M
8ODCOIL DRI CORP AMERhistory →COM2.08%$6M109.7K
9MAMAMAMAS CREATIONS INChistory →COM1.96%$6M734.6K
10TORTOISE CAPITAL SERIES TRUSESSENTIAL ENERGY1.91%$6M290.2K
11LGCYLEGACY ED INChistory →COM1.73%$5M482.6K
12WPMWHEATON PRECIOUS METALS CORPhistory →COM1.68%$5M58.1K
13OROR ROYALTIES INChistory →COM SHS1.62%$5M195.9K
14CSVCARRIAGE SVCS INChistory →COM1.58%$5M107.3K
15ACUACME UTD CORPhistory →COM1.50%$5M112.6K
16AROCARCHROCK INChistory →COM1.50%$5M187.9K
17USACUSA COMPRESSION PARTNERS LPhistory →COMUNIT LTDPAR1.47%$5M187.5K
18KTOSKRATOS DEFENSE & SEC SOLUTIOhistory →COM NEW1.37%$4M92.0K
19TGENTECOGEN INC NEWhistory →COM NEW1.36%$4M623.6K
20LEGHLEGACY HOUSING CORPhistory →COM1.36%$4M186.4K
21BKTIBK TECHNOLOGIES CORPORATIONhistory →COM NEW1.33%$4M88.0K
22GPGICOMPOSECURE INChistory →COM CL A1.32%$4M291.5K
23JANUS DETROIT STR TRHENDRSON AAA CL1.29%$4M78.9K
24LGLLGL GROUP INChistory →COM1.26%$4M515.4K
25KWYKINGSWAY FINL SVCS INChistory →COM NEW1.24%$4M284.2K
26CXDOCREXENDO INChistory →COM1.22%$4M623.0K
27USPHU S PHYSICAL THERAPYhistory →COM1.21%$4M48.2K
28PCYOPURE CYCLE CORPhistory →COM NEW1.19%$4M344.1K
29MPTIM-TRON INDS INChistory →COM1.18%$4M87.1K
30FSKFS KKR CAP CORPhistory →COM1.13%$4M165.7K
31AMPGAMPLITECH GROUP INChistory →COM NEW1.11%$3M1.62M
32OSSONE STOP SYS INChistory →COM1.08%$3M947.9K
33SELFGLOBAL SELF STORAGE INChistory →COM1.08%$3M626.3K
34BXSLBLACKSTONE SECD LENDING FDCOMMON STOCK0.96%$3M94.7K
35RWAYRUNWAY GROWTH FINANCE CORPCOM0.95%$3M275.6K
36RGLDROYAL GOLD INCCOM0.94%$3M16.4K
37INVESCO EXCH TRADED FD TR IIS&P SMLCP UTIL0.89%$3M49.6K
38INLXINTELLINETICS INCCOM0.88%$3M219.9K
39SMIDSMITH MIDLAND CORPCOM0.88%$3M81.7K
40VICIVICI PPTYS INCCOM0.81%$3M77.0K
41AEHRAEHR TEST SYSCOM0.81%$3M194.5K
42EQXEQUINOX GOLD CORPCOM0.79%$2M428.5K
43POTLATCHDELTIC CORPORATIONCOM0.78%$2M63.6K
44ASMAVINO SILVER & GOLD MINES LTCOM0.77%$2M665.1K
45IRTINDEPENDENCE RLTY TR INCCOM0.76%$2M133.5K
46VMDVIEMED HEALTHCARE INCCOM0.75%$2M336.3K
47VENUVENU HLDG CORPCOM0.75%$2M197.0K
48MODULAR MED INCCOM NEW0.74%$2M3.11M
49PSTLEURPOSTAL REALTY TRUST INCCL A0.74%$2M156.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$398M293May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$389M241Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$377M160Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$311M173Aug 5, 202513F-HRchanges · EDGAR ↗
Q1 2025$268M179May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$294M180Feb 6, 202513F-HRchanges · EDGAR ↗
Q3 2024$293M177Nov 6, 202413F-HRchanges · EDGAR ↗
Q2 2024$261M172Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$278M176May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$263M173Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$242M187Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$258M185Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$242M190May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$232M194Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$222M187Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$234M182Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$283M185May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$304M181Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$296M176Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$306M174Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$277M158May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$253M152Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$189M153Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$180M154Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$136M157May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$197M165Feb 13, 2020RESTATEMENTchanges · EDGAR ↗
Q3 2019$197M167Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$200M163Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$198M168May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$173M170Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.