Managers / Q3 2022 · view latest →
JCP Investment Management, LLC
CIK 0001461945 · 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON, TX, 77027 · 713-201-6910
Summary
Jcp Investment Management, LLC reported $141M in U.S.-listed holdings across 17 positions for Q3 2022.
The portfolio is heavily concentrated: KEX alone accounts for 27.0% of reported value.
Compared with Q2 2022, the fund opened 6 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 · 91.2% · $129M
- Other · 6.0% · $8M
- PUBLIC · 2.5% · $4M
- ETP · 0.3% · $406,000
Quarter-over-Quarter Changes full breakdown →
vs Q2 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AVLRUSDAVALARA INC | NEW | +186.2K | 186.2K | +$17M | $17M |
| SRGSERITAGE GROWTH PPTYS | NEW | +466.5K | 466.5K | +$4M | $4M |
| STKSTHE ONE GROUP HOSPITALITY IN | NEW | +612.0K | 612.0K | +$4M | $4M |
| TLFTANDY LEATHER FACTORY INC | NEW | +870.4K | 870.4K | +$3M | $3M |
| GFFGRIFFON CORP | NEW | +56.2K | 56.2K | +$2M | $2M |
| PZNUSDPZENA INVT MGMT INC | NEW | +141.0K | 141.0K | +$1M | $1M |
| YUSDALLEGHANY CORP MD | ADDED | +5.9K | 9.2K | +$5M | $8M |
| BRK/BBERKSHIRE HATHAWAY INC DEL | ADDED | +28.8K | 49.0K | +$8M | $13M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | KEXKIRBY CORPhistory → | COM | 26.97% | $38M | 625.5K |
| 2 | AVLRUSDAVALARA INChistory → | COM | 12.13% | $17M | 186.2K |
| 3 | HGVHILTON GRAND VACATIONS INChistory → | COM | 9.33% | $13M | 399.7K |
| 4 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 9.28% | $13M | 49.0K |
| 5 | UNFIUNITED NAT FOODS INChistory → | COM | 8.57% | $12M | 351.3K |
| 6 | INDEPENDENCE HOLDINGS CORP | UNIT 03/02/2026 | 5.99% | $8M | 850.0K |
| 7 | WHGWESTWOOD HLDGS GROUP INChistory → | COM | 5.55% | $8M | 812.2K |
| 8 | YUSDALLEGHANY CORP MDhistory → | COM | 5.50% | $8M | 9.2K |
| 9 | FB1FARMER BROS COhistory → | COM | 3.30% | $5M | 992.8K |
| 10 | SRGSERITAGE GROWTH PPTYShistory → | CL A | 2.99% | $4M | 466.5K |
| 11 | STKSTHE ONE GROUP HOSPITALITY INhistory → | COM | 2.88% | $4M | 612.0K |
| 12 | WHEELER REAL ESTATE INVT TR | PFD CNV SER D | 2.52% | $4M | 305.9K |
| 13 | TLFTANDY LEATHER FACTORY INChistory → | COM | 2.24% | $3M | 870.4K |
| 14 | GFFGRIFFON CORPhistory → | COM | 1.18% | $2M | 56.2K |
| 15 | PZNUSDPZENA INVT MGMT INC | CLASS A | 0.95% | $1M | 141.0K |
| 16 | TASTUSDCARROLS RESTAURANT GROUP INC | COM | 0.34% | $474,000 | 291.0K |
| 17 | SPDR S&P 500 ETF TR | TR UNIT | 0.29% | $406,000 | 1.1K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $150M | 24 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $127M | 18 | Feb 18, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $153M | 18 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $173M | 20 | Aug 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $162M | 17 | May 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $170M | 17 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $121M | 15 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $89M | 13 | Aug 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $63M | 11 | May 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $85M | 12 | Feb 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $95M | 12 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $120M | 15 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $142M | 16 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $119M | 15 | Feb 6, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $141M | 17 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $141M | 13 | Aug 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $141M | 17 | Apr 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $137M | 22 | Feb 7, 2022 | 13F-HR | changes · EDGAR ↗ |
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 ↗.