SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Bandera Partners LLC

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

Reported Value
$243M
Q1 2023
Positions
16
Filings on Record
31
2019–present window
Filed
May 12, 2023
original filing

Summary

Bandera Partners LLC reported $243M in U.S.-listed holdings across 16 positions for Q1 2023.

Its largest position, AMKR, represents 19.6% of the portfolio.

Compared with Q4 2022, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+1.5%
vs prior filed quarter
Top-10 Concentration
+93.7%
share of reported value
Largest Position
+19.6%
Amkor Technology
New / Exited
2 / 1
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: 90.4%Other: 7.0%ADR: 1.9%PUBLIC: 0.8%
  • Common Stock · 90.4% · $220M
  • Other · 7.0% · $17M
  • ADR · 1.9% · $5M
  • PUBLIC · 0.8% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AIRSAIRSCULPT TECHNOLOGIES INCNEW+553.9K553.9K+$3M$3M
RUBICON TECHNOLOGIES INCNEW+128.3K128.3K+$215,583$215,583
RBCNRUBICON TECHNOLOGY INCSOLD OUT−128.3K0−$223,282$0
BURFORD CAP LTDADDED+250.0K1.52M+$6M$17M
JYNTJOINT CORPHELD+69.4K2.60M+$8M$44M
WHEELER REAL ESTATE INVT TRHELD+118153.0K−$42,855$2M
AMKRAMKOR TECHNOLOGY INCHELD+01.83M+$4M$48M
GOOGALPHABET INCHELD+0209.6K+$3M$22M

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

Holdings — Q1 2023

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMKRAMKOR TECHNOLOGY INChistory →COM19.56%$48M1.83M
2SGUSTAR GROUP L Phistory →UNIT LTD PARTNR18.49%$45M3.47M
3JYNTJOINT CORPhistory →COM17.99%$44M2.60M
4GOOGALPHABET INCCAP STK CL C · CAP STK CL A16.49%$40M385.9K
5BURFORD CAP LTDORD SHS6.90%$17M1.52M
6TLFTANDY LEATHER FACTORY INChistory →COM5.52%$13M2.86M
7AMRCAMERESCO INChistory →CL A3.53%$9M174.2K
8EXECHESAPEAKE ENERGY CORPhistory →COM2.97%$7M95.0K
9HQIHIREQUEST INChistory →COM2.23%$5M251.8K
10MIX TELEMATICS LTDSPONSORED ADR1.86%$5M584.3K
11AMZNAMAZON COM INChistory →COM1.27%$3M30.0K
12AIRSAIRSCULPT TECHNOLOGIES INChistory →COM1.15%$3M553.9K
13DYAIDYADIC INTL INC DELhistory →COM1.15%$3M1.57M
14WHEELER REAL ESTATE INVT TRPFD CNV SER D0.79%$2M153.0K
15RUBICON TECHNOLOGIES INCCL A COM0.09%$215,583128.3K

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 ↗.