Managers / Q1 2026
BREACH INLET CAPITAL MANAGEMENT, LLC
CIK 0002009914 · 75 PORT CITY LANDING, SUITE 110, MT. PLEASANT, SC, 29464 · 843.212.4799
Summary
Breach Inlet Capital Management, LLC reported $305M in U.S.-listed holdings across 12 positions for Q1 2026.
Its largest position, LRN, represents 15.9% of the portfolio.
Compared with Q4 2025, 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 · 86.6% · $264M
- Other · 13.4% · $41M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CARGCARGURUS INC | NEW | +297.2K | 297.2K | +$10M | $10M |
| BKTIBK TECHNOLOGIES CORPORATION | ADDED | +132.4K | 151.1K | +$10M | $11M |
| CARSCARS COM INC | ADDED | +1.39M | 2.12M | +$8M | $17M |
| FTDRFRONTDOOR INC | ADDED | +246.8K | 416.8K | +$12M | $22M |
| BURFORD CAPITAL LIMITED | ADDED | +2.53M | 4.48M | +$3M | $20M |
| LRNSTRIDE INC | ADDED | +303.2K | 550.5K | +$32M | $49M |
| MISTER CAR WASH INC | SOLD OUT | −1.72M | 0 | −$10M | $0 |
| NATLNCR ATLEOS CORPORATION | ADDED | +175.8K | 542.7K | +$10M | $24M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | LRNSTRIDE INChistory → | COM | 15.94% | $49M | 550.5K |
| 2 | BATRKATLANTA BRAVES HLDGS INChistory → | COM SER C | 12.16% | $37M | 867.3K |
| 3 | HGVHILTON GRAND VACATIONS INChistory → | COM | 11.94% | $36M | 929.3K |
| 4 | PRGPROG HOLDINGS INChistory → | COM NPV | 9.49% | $29M | 1.01M |
| 5 | DAKTDAKTRONICS INChistory → | COM | 9.39% | $29M | 1.46M |
| 6 | NATLNCR ATLEOS CORPORATIONhistory → | COM SHS | 7.76% | $24M | 542.7K |
| 7 | FTDRFRONTDOOR INChistory → | COM | 7.23% | $22M | 416.8K |
| 8 | MANCHESTER UTD PLC NEW | ORD CL A | 6.76% | $21M | 1.22M |
| 9 | BURFORD CAPITAL LIMITED | ORD SHS | 6.65% | $20M | 4.48M |
| 10 | CARSCARS COM INChistory → | COM | 5.66% | $17M | 2.12M |
| 11 | BKTIBK TECHNOLOGIES CORPORATIONhistory → | COM NEW | 3.70% | $11M | 151.1K |
| 12 | CARGCARGURUS INChistory → | COM CL A | 3.32% | $10M | 297.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $305M | 12 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $212M | 12 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $203M | 9 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $204M | 8 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $175M | 11 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $141M | 11 | Feb 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $111M | 10 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $122M | 11 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $112M | 11 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $111M | 11 | Feb 14, 2024 | 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 ↗.