SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Bandera Partners LLC

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

Reported Value
$257M
Q1 2024
Positions
19
Filings on Record
31
2019–present window
Filed
May 14, 2024
original filing

Summary

Bandera Partners LLC reported $257M in U.S.-listed holdings across 19 positions for Q1 2024.

The portfolio is heavily concentrated: JYNT alone accounts for 20.0% of reported value.

Compared with Q4 2023, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+18.6%
vs prior filed quarter
Top-10 Concentration
+86.4%
share of reported value
Largest Position
+20.0%
Joint
New / Exited
2 / 2
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: 86.9%Other: 11.1%ADR: 2.0%
  • Common Stock · 86.9% · $223M
  • Other · 11.1% · $29M
  • ADR · 2.0% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MMACYS INCNEW+1.07M1.07M+$21M$21M
AIOTPOWERFLEET INCNEW+1.86M1.86M+$10M$10M
ATVIEURACTIVISION BLIZZARD INCSOLD OUT−525.0K0−$49M$0
GOOGALPHABET INCSOLD OUT−209.6K0−$30M$0
AIRSAIRSCULPT TECHNOLOGIES INCTRIMMED−453.8K169.2K−$4M$1M
GOOGLALPHABET INCTRIMMED−60.0K116.3K−$7M$18M
BTMDBIOTE CORPADDED+172.6K2.01M+$3M$12M
NIJNELNET INCADDED+6.4K127.0K+$1M$12M

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

Holdings — Q1 2024

19 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JYNTJOINT CORPhistory →COM20.04%$51M3.94M
2SGUSTAR GROUP L Phistory →UNIT LTD PARTNR13.45%$35M3.45M
3BURFORD CAP LTDORD SHS11.00%$28M1.77M
4MTCHMATCH GROUP INC NEWhistory →COM8.41%$22M595.0K
5MMACYS INChistory →COM8.37%$21M1.07M
6GOOGLALPHABET INChistory →CAP STK CL A6.84%$18M116.3K
7TLFTANDY LEATHER FACTORY INChistory →COM5.18%$13M2.86M
8NIJNELNET INChistory →CL A4.68%$12M127.0K
9BTMDBIOTE CORPhistory →CLASS A COM4.53%$12M2.01M
10AIOTPOWERFLEET INChistory →COM3.88%$10M1.86M
11AMKRAMKOR TECHNOLOGY INChistory →COM3.83%$10M304.9K
12EXECHESAPEAKE ENERGY CORPhistory →COM3.29%$8M95.0K
13MIX TELEMATICS LTDSPONSORED ADR1.96%$5M584.3K
14AMRCAMERESCO INChistory →CL A1.64%$4M174.2K
15HQIHIREQUEST INChistory →COM1.27%$3M251.8K
16DYAIDYADIC INTL INC DELhistory →COM1.02%$3M1.57M
17AIRSAIRSCULPT TECHNOLOGIES INCCOM0.40%$1M169.2K
18WHEELER REAL ESTATE INVT TRCOM0.15%$382,3442.44M
19RBT*RUBICON TECHNOLOGIES INCCL A0.04%$107,791128.3K

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 ↗.