Managers / Q4 2024 · view latest →
Bandera Partners LLC
CIK 0001399386 · 138 ATLANTIC AVENUE, BROOKLYN, NY, 11201 · 2122324582
Summary
Bandera Partners LLC reported $263M in U.S.-listed holdings across 18 positions for Q4 2024.
Its largest position, JYNT, represents 15.9% of the portfolio.
Compared with Q3 2024, the fund opened 2 new positions and exited 2.
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 · 91.4% · $240M
- Other · 8.6% · $23M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| RRNRED ROBIN GOURMET BURGERS IN | NEW | +229.6K | 229.6K | +$1M | $1M |
| WHEELER REAL ESTATE INVT TR | NEW | +3.4K | 3.4K | +$11,397 | $11,397 |
| AIRSAIRSCULPT TECHNOLOGIES INC | SOLD OUT | −154.8K | 0 | −$784,801 | $0 |
| WHEELER REAL ESTATE INVT TR | SOLD OUT | −6.8K | 0 | −$54,891 | $0 |
| AMRCAMERESCO INC | HELD | +0 | 326.1K | −$5M | $8M |
| JYNTJOINT CORP | HELD | +0 | 3.94M | −$3M | $42M |
| AIOTPOWERFLEET INC | HELD | +0 | 1.86M | +$3M | $12M |
| MTCHMATCH GROUP INC NEW | HELD | +0 | 595.0K | −$3M | $19M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | JYNTJOINT CORPhistory → | COM | 15.93% | $42M | 3.94M |
| 2 | SGUSTAR GROUP L Phistory → | UNIT LTD PARTNR | 15.14% | $40M | 3.45M |
| 3 | BURFORD CAP LTD | ORD SHS | 8.58% | $23M | 1.77M |
| 4 | GOOGLALPHABET INChistory → | CAP STK CL A | 8.38% | $22M | 116.3K |
| 5 | OXYOCCIDENTAL PETE CORPhistory → | COM | 7.99% | $21M | 425.0K |
| 6 | MTCHMATCH GROUP INC NEWhistory → | COM | 7.41% | $19M | 595.0K |
| 7 | BTMDBIOTE CORPhistory → | CLASS A COM | 5.73% | $15M | 2.44M |
| 8 | TLFTANDY LEATHER FACTORY INChistory → | COM | 5.21% | $14M | 2.86M |
| 9 | NIJNELNET INChistory → | CL A | 5.16% | $14M | 127.0K |
| 10 | AIOTPOWERFLEET INChistory → | COM | 4.73% | $12M | 1.86M |
| 11 | EXEEXPAND ENERGY CORPORATIONhistory → | COM | 3.60% | $9M | 95.0K |
| 12 | SKYWSKYWEST INChistory → | COM | 3.35% | $9M | 87.8K |
| 13 | AMKRAMKOR TECHNOLOGY INChistory → | COM | 2.98% | $8M | 304.9K |
| 14 | AMRCAMERESCO INChistory → | CL A | 2.92% | $8M | 326.1K |
| 15 | HQIHIREQUEST INChistory → | COM | 1.36% | $4M | 251.8K |
| 16 | DYAIDYADIC INTL INC DELhistory → | COM | 1.04% | $3M | 1.57M |
| 17 | RRNRED ROBIN GOURMET BURGERS IN | COM | 0.48% | $1M | 229.6K |
| 18 | WHEELER REAL ESTATE INVT TR | COM | 0.00% | $11,397 | 3.4K |
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 ↗.