SEC 13F Intelligence

Managers / Q2 2024 · view latest →

325 CAPITAL LLC

CIK 0001873893 · 757 THIRD AVENUE, 20TH FLOOR, NEW YORK, NY, 10017 · 212-376-5325

Reported Value
$238M
Q2 2024
Positions
13
Filings on Record
18
2019–present window
Filed
Aug 14, 2024
original filing

Summary

325 Capital LLC reported $238M in U.S.-listed holdings across 13 positions for Q2 2024.

Its largest position, BLBD, represents 19.0% of the portfolio.

Compared with Q1 2024, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+5.9%
vs prior filed quarter
Top-10 Concentration
+91.9%
share of reported value
Largest Position
+19.0%
Blue Bird

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 ’21: $102MQ4 ’21Q1 ’22: $132MQ2 ’22: $108MQ3 ’22: $86MQ3 ’22Q4 ’22: $92MQ1 ’23: $114MQ2 ’23: $152MQ2 ’23Q3 ’23: $121MQ4 ’23: $202MQ1 ’24: $217MQ1 ’24Q2 ’24: $238MQ3 ’24: $236MQ4 ’24: $259MQ4 ’24Q1 ’25: $241MQ2 ’25: $253MQ3 ’25: $329MQ3 ’25Q4 ’25: $285MQ1 ’26: $274Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 91.8%ETP: 8.2%
  • Common Stock · 91.8% · $218M
  • ETP · 8.2% · $20M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ZETAZETA GLOBAL HOLDINGS CORPNEW+621.2K621.2K+$11M$11M
HTLDHEARTLAND EXPRESS INCADDED+379.0K902.4K+$5M$11M
COHUCOHU INCADDED+125.0K341.8K+$4M$11M
ISHARES TRTRIMMED−89.5K194.6K−$9M$20M
BLBDBLUE BIRD CORPTRIMMED−325.7K838.5K+$518,552$45M
IDIINTERDIGITAL INCADDED+8.1K102.1K+$2M$12M
ASTHASTRANA HEALTH INCHELD+28.5K621.3K+$309,661$25M
BTMDBIOTE CORPHELD+03.77M+$6M$28M

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

Holdings — Q2 2024

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BLBDBLUE BIRD CORPhistory →COM18.96%$45M838.5K
2ATROASTRONICS CORPhistory →COM13.76%$33M1.64M
3BTMDBIOTE CORPhistory →CLASS A COM11.82%$28M3.77M
4ASTHASTRANA HEALTH INChistory →COM NEW10.58%$25M621.3K
551AAMERICAN PUB ED INChistory →COM9.48%$23M1.28M
6ISHARES TR0-3 MNTH TREASRY8.23%$20M194.6K
7IDIINTERDIGITAL INChistory →COM5.00%$12M102.1K
8COHUCOHU INChistory →COM4.75%$11M341.8K
9HTLDHEARTLAND EXPRESS INChistory →COM4.67%$11M902.4K
10ZETAZETA GLOBAL HOLDINGS CORPhistory →CL A4.60%$11M621.2K
11MPAAMOTORCAR PTS AMER INChistory →COM3.64%$9M1.41M
12LDELIFECORE BIOMEDICAL INChistory →COM2.89%$7M1.34M
13TACTTRANSACT TECHNOLOGIES INChistory →COM1.60%$4M1.01M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$274M12May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$285M13Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$329M12Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$253M11Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$241M11May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$259M12Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$236M11Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$238M13Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$217M12May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$202M13Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$121M8Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$152M9Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$114M9May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$92M7Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$86M8Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$108M10Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$132M9May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$102M9Feb 14, 202213F-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 ↗.