SEC 13F Intelligence

Managers / Q4 2018 · view latest →

FIRST SABREPOINT CAPITAL MANAGEMENT LP

CIK 0001731530 · 8750 NORTH CENTRAL EXPRESSWAY, SUITE 920, DALLAS, TX, 75231 · 214 432 1593

Reported Value
$190M
Q4 2018
Positions
29
Filings on Record
31
2019–present window
Filed
Feb 14, 2019
original filing

Summary

First Sabrepoint Capital Management LP reported $190M in U.S.-listed holdings across 29 positions for Q4 2018.

Its largest position, CLW, represents 8.2% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+59.6%
share of reported value
Largest Position
+8.2%
Clearwater Paper

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: $190MQ4 ’18Q1 ’19: $217MQ2 ’19: $226MQ3 ’19: $224MQ4 ’19: $282MQ4 ’19Q1 ’20: $247MQ2 ’20: $254MQ3 ’20: $280MQ4 ’20: $310MQ4 ’20Q1 ’21: $308MQ2 ’21: $317MQ3 ’21: $377MQ4 ’21: $374MQ4 ’21Q1 ’22: $285MQ2 ’22: $256MQ3 ’22: $244MQ4 ’22: $204MQ4 ’22Q1 ’23: $238MQ2 ’23: $229MQ3 ’23: $235MQ4 ’23: $304MQ4 ’23Q1 ’24: $374MQ2 ’24: $332MQ3 ’24: $344MQ4 ’24: $373MQ4 ’24Q1 ’25: $269MQ2 ’25: $281MQ3 ’25: $316MQ4 ’25: $259MQ4 ’25Q1 ’26: $276Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 75.8%Other: 17.4%REIT: 6.9%
  • Common Stock · 75.8% · $144M
  • Other · 17.4% · $33M
  • REIT · 6.9% · $13M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
CLWCLEARWATER PAPER CORPNEW+640.0K640.0K+$16M$16M
DLTRDOLLAR TREE INCNEW+150.0K150.0K+$14M$14M
ILPTINDUSTRIAL LOGISTICS PPTYS TNEW+665.0K665.0K+$13M$13M
GKDGRAND CANYON ED INCNEW+135.0K135.0K+$13M$13M
TPBTURNING PT BRANDS INCNEW+467.1K467.1K+$13M$13M
PIVOTAL SOFTWARE INCNEW+665.0K665.0K+$11M$11M
DISDISNEY WALT CONEW+81.5K81.5K+$9M$9M
IBKRINTERACTIVE BROKERS GROUP INNEW+160.0K160.0K+$9M$9M

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

Holdings — Q4 2018

26 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CLWCLEARWATER PAPER CORPhistory →COM8.19%$16M640.0K
2DLTRDOLLAR TREE INChistory →COM7.12%$14M150.0K
3ILPTINDUSTRIAL LOGISTICS PPTYS Thistory →COM SHS BEN INT6.87%$13M665.0K
4GKDGRAND CANYON ED INChistory →COM6.82%$13M135.0K
5TPBTURNING PT BRANDS INChistory →COM6.68%$13M467.1K
6PIVOTAL SOFTWARE INCCOM CL A5.71%$11M665.0K
7DISDISNEY WALT COhistory →COM DISNEY4.69%$9M81.5K
8IBKRINTERACTIVE BROKERS GROUP INhistory →COM CL A4.59%$9M160.0K
9EGHT8X8 INC NEWhistory →COM4.55%$9M480.0K
10EEFTEURONET WORLDWIDE INChistory →COM4.44%$8M82.5K
11CONTURA ENERGY INCCOM4.35%$8M126.0K
12SHWSHERWIN WILLIAMS COhistory →COM4.34%$8M21.0K
13FIVNFIVE9 INChistory →COM3.60%$7M157.0K
14PRSPPERSPECTA INChistory →COM3.26%$6M360.0K
15SDOIEURSTANDARD DIVERSIFIED INChistory →COM CL A2.55%$5M327.0K
16OLNOLIN CORPhistory →COM PAR $12.33%$4M220.6K
17MIC2USDMACQUARIE INFRASTRUCTURE CORhistory →COM2.29%$4M119.0K
18PKGPACKAGING CORP AMERhistory →COM2.02%$4M46.0K
19DAYCERIDIAN HCM HLDG INChistory →COM1.99%$4M110.0K
20SPOTIFY TECHNOLOGY S ASHS1.94%$4M32.5K
21PLANUSDANAPLAN INChistory →COM1.54%$3M110.5K
22SEBSEABOARD CORPhistory →COM1.30%$2M699
23UPLDEURUPLAND SOFTWARE INChistory →COM1.26%$2M88.2K
24AKXANSYS INChistory →COM1.13%$2M15.0K
25PGRPROGRESSIVE CORP OHIOhistory →COM1.11%$2M35.0K
26BLUE RIDGE MOUNTAIN RESOURCES INCCOM0.34%$642,000160.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$276M29May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$259M29Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$316M37Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$281M35Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$269M37May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$373M59Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$344M46Nov 15, 202413F-HRchanges · EDGAR ↗
Q2 2024$332M46Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$374M46May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$304M41Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$235M36Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$229M24Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$238M29May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$204M23Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$244M29Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$256M26Aug 15, 2022RESTATEMENTchanges · EDGAR ↗
Q1 2022$285M26May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$374M36Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$377M35Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$317M30Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$308M32May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$310M33Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$280M37Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$254M33Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$247M35May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$282M38Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$224M32Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$226M32Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$217M28May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$190M29Feb 14, 201913F-HRchanges · 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 ↗.