Western Standard LLC Quant / Systematic

Location: Los Angeles, CA

CIK: 0001517666 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 3, 2026

Total Value: $217M (100.0% shares, 0.0% debt)

Holdings (25)

SEM SELECT MED HLDGS CORP 14.1%

Value $30.65M Shares 2,064,021 Est. Cost $13.66 Unrealized +3.3%

ATEC ALPHATEC HLDGS INC 12.2%

Value $26.41M Shares 1,255,374 Est. Cost $9.21 Unrealized +101.0%

GDOT GREEN DOT CORP 11.7%

Value $25.33M Shares 1,977,500 Est. Cost $11.31 Unrealized +9.8%

IOSP INNOSPEC INC 9.5%

Value $20.54M Shares 268,367 Est. Cost $75.78 Unrealized -1.0%

OSG OCTAVE SPECIALTY GROUP INC 9.0%

Value $19.49M Shares 2,504,627 Est. Cost $8.45 Unrealized +1.2%

AVNW AVIAT NETWORKS INC 4.9%

Value $10.57M Shares 494,238 Est. Cost $21.16 Unrealized +5.4%

AIV APARTMENT INVT & MGMT CO 4.6%

Value $9.979M Shares 1,679,924 Est. Cost $5.94 Unrealized —

BLTE BELITE BIO INC 4.4%

Value $9.602M Shares 60,026 Est. Cost $159.96 Unrealized —

NSP INSPERITY INC 3.9%

Value $8.348M Shares 215,600 Est. Cost $39.43 Unrealized 0.0%

EZPW EZCORP INC 3.6%

Value $7.768M Shares 400,000 Est. Cost $14.45 Unrealized +30.4%

FIVE FIVE BELOW INC 3.5%

Value $7.647M Shares 40,600 Est. Cost $141.49 Unrealized +14.9%

CODI COMPASS DIVERSIFIED 2.6%

Value $5.592M Shares 1,165,000 Est. Cost $6.32 Unrealized 0.0%

UUP INVESCO DB US DLR INDEX TR 2.3%

Value $5.013M Shares 185,453 Est. Cost $29.40 Unrealized —

DRVN DRIVEN BRANDS HLDGS INC 2.1%

Value $4.497M Shares 303,413 Est. Cost $16.98 Unrealized -12.4%

MCW MISTER CAR WASH INC 2.0%

Value $4.436M Shares 797,906 Est. Cost $5.88 Unrealized -10.5%

NX QUANEX BLDG PRODS CORP 1.9%

Value $4.219M Shares 274,338 Est. Cost $14.08 Unrealized 0.0%

ABUS ARBUTUS BIOPHARMA CORP 1.1%

Value $2.443M Shares 507,853 Est. Cost $3.67 Unrealized +22.4%

GOOGL ALPHABET INC 1.0%

Value $2.191M Shares 7,000 Est. Cost $285.60 Unrealized 0.0%

FOXF FOX FACTORY HLDG CORP 0.9%

Value $2.053M Shares 120,000 Est. Cost $19.06 Unrealized 0.0%

FFBC FIRST FINL BANCORP OH 0.9%

Value $1.877M Shares 75,000 Est. Cost $24.80 Unrealized 0.0%

SVV SAVERS VALUE VLG INC 0.9%

Value $1.868M Shares 200,000 Est. Cost $10.28 Unrealized 0.0%

ANGI ANGI INC 0.8%

Value $1.795M Shares 138,842 Est. Cost $12.88 Unrealized 0.0%

UPBD UPBOUND GROUP INC 0.8%

Value $1.756M Shares 100,000 Est. Cost $19.33 Unrealized 0.0%

— SYNCHRONOSS TECHNOLOGIES INC 0.8%

Value $1.67M Shares 195,117 Est. Cost $8.56 Unrealized —

GLPG GALAPAGOS NV 0.5%

Value $1.046M Shares 32,000 Est. Cost $32.70 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SEM	SELECT MED HLDGS CORP	2,064,021	$30.65M	14.1%	$13.66	+3.3%	COM	81619Q105
ATEC	ALPHATEC HLDGS INC	1,255,374	$26.41M	12.2%	$9.21	+101.0%	COM NEW	02081G201
GDOT	GREEN DOT CORP	1,977,500	$25.33M	11.7%	$11.31	+9.8%	CL A	39304D102
IOSP	INNOSPEC INC	268,367	$20.54M	9.5%	$75.78	-1.0%	COM	45768S105
OSG	OCTAVE SPECIALTY GROUP INC	2,504,627	$19.49M	9.0%	$8.45	+1.2%	COM NEW	023139884
AVNW	AVIAT NETWORKS INC	494,238	$10.57M	4.9%	$21.16	+5.4%	COM NEW	05366Y201
AIV	APARTMENT INVT & MGMT CO	1,679,924	$9.979M	4.6%	$5.94	—	CL A	03748R747
BLTE	BELITE BIO INC	60,026	$9.602M	4.4%	$159.96	—	SPONSORED ADS	07782B104
NSP	INSPERITY INC	215,600	$8.348M	3.9%	$39.43	0.0%	COM	45778Q107
EZPW	EZCORP INC	400,000	$7.768M	3.6%	$14.45	+30.4%	CL A NON VTG	302301106
FIVE	FIVE BELOW INC	40,600	$7.647M	3.5%	$141.49	+14.9%	COM	33829M101
CODI	COMPASS DIVERSIFIED	1,165,000	$5.592M	2.6%	$6.32	0.0%	SH BEN INT	20451Q104
UUP	INVESCO DB US DLR INDEX TR	185,453	$5.013M	2.3%	$29.40	—	BULLISH FD	46141D203
DRVN	DRIVEN BRANDS HLDGS INC	303,413	$4.497M	2.1%	$16.98	-12.4%	COM	26210V102
MCW	MISTER CAR WASH INC	797,906	$4.436M	2.0%	$5.88	-10.5%	COM	60646V105
NX	QUANEX BLDG PRODS CORP	274,338	$4.219M	1.9%	$14.08	0.0%	COM	747619104
ABUS	ARBUTUS BIOPHARMA CORP	507,853	$2.443M	1.1%	$3.67	+22.4%	COM	03879J100
GOOGL	ALPHABET INC	7,000	$2.191M	1.0%	$285.60	0.0%	CAP STK CL A	02079K305
FOXF	FOX FACTORY HLDG CORP	120,000	$2.053M	0.9%	$19.06	0.0%	COM	35138V102
FFBC	FIRST FINL BANCORP OH	75,000	$1.877M	0.9%	$24.80	0.0%	COM	320209109
SVV	SAVERS VALUE VLG INC	200,000	$1.868M	0.9%	$10.28	0.0%	COM	80517M109
ANGI	ANGI INC	138,842	$1.795M	0.8%	$12.88	0.0%	CL A NEW	00183L201
UPBD	UPBOUND GROUP INC	100,000	$1.756M	0.8%	$19.33	0.0%	COM	76009N100
—	SYNCHRONOSS TECHNOLOGIES INC	195,117	$1.67M	0.8%	$8.56	—	COM NEW	87157B400
GLPG	GALAPAGOS NV	32,000	$1.046M	0.5%	$32.70	—	SPON ADR	36315X101