Managers / Q1 2021 · view latest →
Bandera Partners LLC
CIK 0001399386 · 138 ATLANTIC AVENUE, BROOKLYN, NY, 11201 · 2122324582
Summary
Bandera Partners LLC reported $254M in U.S.-listed holdings across 18 positions for Q1 2021.
The portfolio is heavily concentrated: JYNT alone accounts for 32.0% of reported value.
Compared with Q4 2020, the fund opened 3 new positions and exited 1.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 89.7% · $228M
- Other · 7.4% · $19M
- ADR · 2.9% · $7M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AMKRAMKOR TECHNOLOGY INC | NEW | +669.7K | 669.7K | +$16M | $16M |
| VIDLER WATER RESOUCES INC | NEW | +1.05M | 1.05M | +$9M | $9M |
| HQIHIREQUEST INC | NEW | +251.8K | 251.8K | +$4M | $4M |
| PICO HLDGS INC | SOLD OUT | −1.05M | 0 | −$10M | $0 |
| AMRCAMERESCO INC | TRIMMED | −208.3K | 206.7K | −$12M | $10M |
| SGUSTAR GROUP L P | TRIMMED | −191.1K | 3.32M | +$2M | $35M |
| JYNTJOINT CORP | HELD | +0 | 1.68M | +$37M | $81M |
| 2RABBQ HLDGS INC | HELD | +0 | 1.44M | +$3M | $10M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | JYNTJOINT CORPhistory → | COM | 31.99% | $81M | 1.68M |
| 2 | SGUSTAR GROUP L Phistory → | UNIT LTD PARTNR | 13.83% | $35M | 3.32M |
| 3 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 9.92% | $25M | 12.2K |
| 4 | TWTRUSDTWITTER INChistory → | COM | 7.50% | $19M | 300.0K |
| 5 | AMKRAMKOR TECHNOLOGY INChistory → | COM | 6.24% | $16M | 669.7K |
| 6 | 2RABBQ HLDGS INChistory → | COM | 4.12% | $10M | 1.44M |
| 7 | AMRCAMERESCO INChistory → | CL A | 3.95% | $10M | 206.7K |
| 8 | PRSUVIAD CORPhistory → | COM NEW | 3.85% | $10M | 234.4K |
| 9 | LUBYS INC | COM | 3.71% | $9M | 2.86M |
| 10 | VIDLER WATER RESOUCES INC | COM | 3.67% | $9M | 1.05M |
| 11 | MIX TELEMATICS LTD | SPONSORED ADR | 2.91% | $7M | 537.9K |
| 12 | SHAKSHAKE SHACK INChistory → | CL A | 2.79% | $7M | 63.0K |
| 13 | AMZNAMAZON COM INChistory → | COM | 1.82% | $5M | 1.5K |
| 14 | HQIHIREQUEST INChistory → | COM | 1.71% | $4M | 251.8K |
| 15 | RBCNRUBICON TECHNOLOGY INChistory → | COM NEW | 1.05% | $3M | 258.3K |
| 16 | SBUXSTARBUCKS CORP | COM | 0.74% | $2M | 17.2K |
| 17 | DYAIDYADIC INTL INC DEL | COM | 0.20% | $501,000 | 91.3K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $221M | 17 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $222M | 13 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $228M | 13 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $222M | 14 | Aug 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $278M | 18 | May 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $263M | 18 | Feb 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $265M | 18 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $276M | 19 | Aug 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $257M | 19 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $302M | 19 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $277M | 18 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $236M | 18 | Aug 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $243M | 16 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $211M | 15 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $239M | 16 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $254M | 17 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $336M | 22 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $280M | 20 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $248M | 20 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $255M | 18 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $254M | 18 | May 27, 2021 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2020 | $192M | 16 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $153M | 16 | Nov 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $144M | 16 | Aug 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $119M | 16 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $168M | 15 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $159M | 15 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $168M | 15 | Aug 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $161M | 14 | May 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $137M | 15 | Feb 12, 2019 | 13F-HR | changes · 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 ↗.