Managers / Q1 2022 · view latest →
325 CAPITAL LLC
CIK 0001873893 · 757 THIRD AVENUE, 20TH FLOOR, NEW YORK, NY, 10017 · 212-376-5325
Summary
325 Capital LLC reported $132M in U.S.-listed holdings across 9 positions for Q1 2022.
Its largest position, QSIIEUR, represents 18.2% of the portfolio.
Compared with Q4 2021, the fund opened 1 new position and exited 1.
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 · 98.0% · $129M
- ETP · 2.0% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| HDSNHUDSON TECHNOLOGIES INC | NEW | +1.29M | 1.29M | +$8M | $8M |
| BLBDBLUE BIRD CORP | ADDED | +806.8K | 1.07M | +$16M | $20M |
| TEN1TENNECO INC | SOLD OUT | −996.4K | 0 | −$11M | $0 |
| 51AAMERICAN PUB ED INC | ADDED | +355.9K | 938.5K | +$7M | $20M |
| QSIIEURNEXTGEN HEALTHCARE INC | ADDED | +231.4K | 1.14M | +$8M | $24M |
| MPAAMOTORCAR PTS AMER INC | ADDED | +206.3K | 1.03M | +$4M | $18M |
| LRNSTRIDE INC | TRIMMED | −109.8K | 375.0K | −$3M | $14M |
| ATROASTRONICS CORP | ADDED | +238.6K | 1.39M | +$4M | $18M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | QSIIEURNEXTGEN HEALTHCARE INChistory → | COM | 18.16% | $24M | 1.14M |
| 2 | BLBDBLUE BIRD CORPhistory → | COM | 15.27% | $20M | 1.07M |
| 3 | 51AAMERICAN PUB ED INChistory → | COM | 15.13% | $20M | 938.5K |
| 4 | MPAAMOTORCAR PTS AMER INChistory → | COM | 13.97% | $18M | 1.03M |
| 5 | ATROASTRONICS CORPhistory → | COM | 13.65% | $18M | 1.39M |
| 6 | LRNSTRIDE INChistory → | COM | 10.34% | $14M | 375.0K |
| 7 | HDSNHUDSON TECHNOLOGIES INChistory → | COM | 6.09% | $8M | 1.29M |
| 8 | TACTTRANSACT TECHNOLOGIES INChistory → | COM | 5.42% | $7M | 1.01M |
| 9 | ISHARES TR | RUSSELL 2000 ETF | 1.97% | $3M | 12.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $274M | 12 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $285M | 13 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $329M | 12 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $253M | 11 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $241M | 11 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $259M | 12 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $236M | 11 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $238M | 13 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $217M | 12 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $202M | 13 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $121M | 8 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $152M | 9 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $114M | 9 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $92M | 7 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $86M | 8 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $108M | 10 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $132M | 9 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $102M | 9 | Feb 14, 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 ↗.