SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Bandera Partners LLC

CIK 0001399386 · 138 ATLANTIC AVENUE, BROOKLYN, NY, 11201 · 2122324582

Reported Value
$159M
Q3 2019
Positions
15
Filings on Record
31
2019–present window
Filed
Nov 13, 2019
original filing

Summary

Bandera Partners LLC reported $159M in U.S.-listed holdings across 15 positions for Q3 2019.

Its largest position, SGU, represents 17.5% of the portfolio.

Compared with Q2 2019, the fund opened 4 new positions and exited 4.

Portfolio Metrics

Turnover
+22.4%
vs prior filed quarter
Top-10 Concentration
+87.2%
share of reported value
Largest Position
+17.5%
Star Group L P
New / Exited
4 / 4
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: $137MQ4 ’18Q1 ’19: $161MQ2 ’19: $168MQ3 ’19: $159MQ4 ’19: $168MQ4 ’19Q1 ’20: $119MQ2 ’20: $144MQ3 ’20: $153MQ4 ’20: $192MQ4 ’20Q1 ’21: $254MQ2 ’21: $255MQ3 ’21: $248MQ4 ’21: $280MQ4 ’21Q1 ’22: $336MQ2 ’22: $254MQ3 ’22: $239MQ4 ’22: $211MQ4 ’22Q1 ’23: $243MQ2 ’23: $236MQ3 ’23: $277MQ4 ’23: $302MQ4 ’23Q1 ’24: $257MQ2 ’24: $276MQ3 ’24: $265MQ4 ’24: $263MQ4 ’24Q1 ’25: $278MQ2 ’25: $222MQ3 ’25: $228MQ4 ’25: $222MQ4 ’25Q1 ’26: $221Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 95.6%Other: 2.9%ADR: 1.5%
  • Common Stock · 95.6% · $152M
  • Other · 2.9% · $5M
  • ADR · 1.5% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
UIUBIQUITI INCNEW+148.5K148.5K+$18M$18M
2RABBQ HLDGS INCNEW+1.44M1.44M+$7M$7M
FRGIUSDFIESTA RESTAURANT GROUP INCNEW+641.0K641.0K+$7M$7M
MIX TELEMATICS LTDNEW+170.0K170.0K+$2M$2M
UBNTEURUBIQUITI NETWORKS INCSOLD OUT−156.0K0−$21M$0
DAVEUSDFAMOUS DAVES AMER INCSOLD OUT−1.44M0−$6M$0
EBAEBAY INCSOLD OUT−84.0K0−$3M$0
TYPEUSDMONOTYPE IMAGING HOLDINGS INSOLD OUT−71.2K0−$1M$0

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

Holdings — Q3 2019

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SGUSTAR GROUP L Phistory →UNIT LTD PARTNR17.51%$28M2.94M
2JYNTJOINT CORPhistory →COM14.45%$23M1.23M
3UIUBIQUITI INChistory →COM11.06%$18M148.5K
4GOOGLALPHABET INCCAP STK CL A · CAP STK CL C9.76%$16M12.7K
5TLFTANDY LEATHER FACTORY INChistory →COM8.37%$13M2.86M
6METAFACEBOOK INChistory →CL A7.08%$11M63.1K
7PICO HLDGS INCCOM NEW6.67%$11M1.05M
8AMRCAMERESCO INChistory →CL A6.61%$11M653.5K
92RABBQ HLDGS INChistory →COM4.45%$7M1.44M
10FRGIUSDFIESTA RESTAURANT GROUP INChistory →COM4.21%$7M641.0K
11DYAIDYADIC INTL INC DELhistory →COM3.85%$6M996.3K
12LUBYS INCCOM2.94%$5M2.45M
13RBCNRUBICON TECHNOLOGY INChistory →COM NEW1.56%$2M258.3K
14MIX TELEMATICS LTDSPONSORED ADR1.49%$2M170.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$221M17May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$222M13Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$228M13Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$222M14Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$278M18May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$263M18Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$265M18Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$276M19Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$257M19May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$302M19Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$277M18Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$236M18Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$243M16May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$211M15Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$239M16Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$254M17Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$336M22May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$280M20Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$248M20Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$255M18Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$254M18May 27, 2021RESTATEMENTchanges · EDGAR ↗
Q4 2020$192M16Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$153M16Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$144M16Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$119M16May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$168M15Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$159M15Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$168M15Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$161M14May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$137M15Feb 12, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • Bylinsky Gregory028-15517
  • Gramm Jefferson028-15518

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 ↗.