Managers / Q2 2023 · 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 $120M in U.S.-listed holdings across 15 positions for Q2 2023.
The portfolio is heavily concentrated: KEX alone accounts for 38.5% of reported value.
Compared with Q1 2023, the fund opened 3 new positions and exited 4.
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 · 96.7% · $116M
- PUBLIC · 2.9% · $3M
- ETP · 0.4% · $505,490
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| JYNTJOINT CORP | NEW | +97.8K | 97.8K | +$1M | $1M |
| PLAYDAVE & BUSTERS ENTMT | NEW | +29.1K | 29.1K | +$1M | $1M |
| RGSUSDREGIS CORP MINN | NEW | +939.7K | 939.7K | +$1M | $1M |
| HGVHILTON GRAND VACATIONS INC | SOLD OUT | −374.7K | 0 | −$17M | $0 |
| TAUSDTRAVELCENTERS OF AMERICA INC | SOLD OUT | −63.5K | 0 | −$5M | $0 |
| OREALTY INCOME CORP | SOLD OUT | −83.5K | 0 | −$5M | $0 |
| TASTUSDCARROLS RESTAURANT GROUP INC | SOLD OUT | −727.1K | 0 | −$2M | $0 |
| JACKJACK IN THE BOX | ADDED | +21.5K | 165.8K | +$4M | $16M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | KEXKIRBY CORPhistory → | COM | 38.49% | $46M | 599.8K |
| 2 | JACKJACK IN THE BOXhistory → | COM | 13.48% | $16M | 165.8K |
| 3 | WHGWESTWOOD HLDGS GROUPhistory → | COM | 7.74% | $9M | 748.9K |
| 4 | UNFIUNITED NAT FOODShistory → | COM | 7.67% | $9M | 470.3K |
| 5 | BRK/BBERKSHIRE HATHAWAY DEL CL Bhistory → | CL B NEW | 7.46% | $9M | 26.2K |
| 6 | 2JEFOCUS FINL PARTNERS CL Ahistory → | COM CL A | 7.36% | $9M | 168.0K |
| 7 | STKSTHE ONE GROUP HOSPITALITYhistory → | COM | 4.13% | $5M | 675.8K |
| 8 | TLFTANDY LEATHER FACTORYhistory → | COM | 3.11% | $4M | 870.4K |
| 9 | WHEELER REAL ESTATE INVT TR PFD CNV SER D | PFD CNV SER D | 2.88% | $3M | 276.3K |
| 10 | FB1FARMER BROS COhistory → | COM | 2.29% | $3M | 992.8K |
| 11 | USFDUs Foods Holding Corhistory → | COM | 1.93% | $2M | 52.5K |
| 12 | JYNTJOINT CORPhistory → | COM | 1.10% | $1M | 97.8K |
| 13 | PLAYDAVE & BUSTERS ENTMThistory → | COM | 1.08% | $1M | 29.1K |
| 14 | RGSUSDREGIS CORP MINN | COM | 0.87% | $1M | 939.7K |
| 15 | SPDR S&P 500 ETF TR | TR UNIT | 0.42% | $505,490 | 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 ↗.