FIRST SABREPOINT CAPITAL MANAGEMENT LP Hedge Fund

CIK: 0001731530 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value ($000): $269,443 (100.0% shares, 0.0% debt)

Holdings (37)

TPB TURNING PT BRANDS INC 8.3%

Value ($000) $22,397 Shares 376,800 Est. Cost $48.55 Unrealized +27.5%

FCFS FIRSTCASH HOLDINGS INC 7.4%

Value ($000) $19,853 Shares 165,001 Est. Cost $103.44 Unrealized +8.3%

LAUR LAUREATE EDUCATION INC 6.9%

Value ($000) $18,712 Shares 915,000 Est. Cost $15.14 Unrealized +27.6%

— TURNING PT BRANDS INC 6.0%

Value ($000) $16,144 Shares 271,600 Est. Cost — Unrealized —

MAA MID-AMER APT CMNTYS INC 5.9%

Value ($000) $15,920 Shares 95,000 Est. Cost $128.47 Unrealized +19.3%

PM PHILIP MORRIS INTL INC 5.9%

Value ($000) $15,873 Shares 100,000 Est. Cost $91.29 Unrealized +50.1%

MSFT MICROSOFT CORP 4.9%

Value ($000) $13,139 Shares 35,000 Est. Cost $169.76 Unrealized +138.6%

GRBK GREEN BRICK PARTNERS INC 3.9%

Value ($000) $10,465 Shares 179,478 Est. Cost $61.98 Unrealized -4.6%

LOPE GRAND CANYON ED INC 3.9%

Value ($000) $10,381 Shares 60,000 Est. Cost $151.26 Unrealized +14.8%

EEFT EURONET WORLDWIDE INC 3.6%

Value ($000) $9,617 Shares 90,000 Est. Cost $109.34 Unrealized -7.3%

CPT CAMDEN PPTY TR 3.4%

Value ($000) $9,173 Shares 75,000 Est. Cost $99.87 Unrealized +13.4%

STRL STERLING INFRASTRUCTURE INC 3.0%

Value ($000) $8,208 Shares 72,500 Est. Cost $58.04 Unrealized +142.5%

WD WALKER & DUNLOP INC 3.0%

Value ($000) $8,115 Shares 95,068 Est. Cost $77.82 Unrealized +11.3%

PGNY PROGYNY INC 3.0%

Value ($000) $8,042 Shares 360,000 Est. Cost $15.52 Unrealized +38.8%

CVCO CAVCO INDS INC DEL 2.9%

Value ($000) $7,794 Shares 15,000 Est. Cost $317.66 Unrealized +58.3%

BTI BRITISH AMERN TOB PLC 2.8%

Value ($000) $7,653 Shares 185,000 Est. Cost $41.37 Unrealized —

EGY VAALCO ENERGY INC 2.8%

Value ($000) $7,520 Shares 2,000,000 Est. Cost $4.25 Unrealized -7.9%

AZO AUTOZONE INC 2.6%

Value ($000) $7,054 Shares 1,850 Est. Cost $2212.51 Unrealized +56.0%

AESI ATLAS ENERGY SOLUTIONS INC 2.5%

Value ($000) $6,690 Shares 375,000 Est. Cost $19.32 Unrealized +2.7%

GOGO GOGO INC 2.1%

Value ($000) $5,603 Shares 650,000 Est. Cost $7.64 Unrealized +2.4%

BLD TOPBUILD CORP 2.0%

Value ($000) $5,489 Shares 18,000 Est. Cost $300.92 Unrealized +6.4%

WDAY WORKDAY INC 1.9%

Value ($000) $5,021 Shares 21,500 Est. Cost $255.22 Unrealized 0.0%

TFIN TRIUMPH FINANCIAL INC 1.7%

Value ($000) $4,624 Shares 80,000 Est. Cost $63.67 Unrealized +14.5%

— BRINKER INTL INC 1.4%

Value ($000) $3,726 Shares 25,000 Est. Cost — Unrealized —

NVGS NAVIGATOR HLDGS LTD 1.2%

Value ($000) $3,277 Shares 246,204 Est. Cost $15.63 Unrealized -2.0%

— NEW FORTRESS ENERGY INC 1.2%

Value ($000) $3,199 Shares 385,000 Est. Cost — Unrealized —

NVR NVR INC 1.2%

Value ($000) $3,115 Shares 430 Est. Cost $7301.47 Unrealized +4.2%

— POWELL INDS INC 0.9%

Value ($000) $2,555 Shares 15,000 Est. Cost — Unrealized —

CIEN CIENA CORP 0.9%

Value ($000) $2,417 Shares 40,000 Est. Cost $71.76 Unrealized +10.2%

IMXI INTERNATIONAL MNY EXPRESS IN 0.7%

Value ($000) $1,951 Shares 154,599 Est. Cost $19.01 Unrealized -10.0%

— MODINE MFG CO 0.6%

Value ($000) $1,535 Shares 20,000 Est. Cost — Unrealized —

— GOGO INC 0.5%

Value ($000) $1,379 Shares 160,000 Est. Cost — Unrealized —

— AST SPACEMOBILE INC 0.5%

Value ($000) $1,228 Shares 54,000 Est. Cost — Unrealized —

OABI OMNIAB INC 0.4%

Value ($000) $984 Shares 410,000 Est. Cost $4.54 Unrealized -27.9%

— ARCHER AVIATION INC 0.1%

Value ($000) $356 Shares 50,000 Est. Cost — Unrealized —

— SOUNDHOUND AI INC 0.1%

Value ($000) $162 Shares 20,000 Est. Cost — Unrealized —

— RIGETTI COMPUTING INC 0.0%

Value ($000) $72 Shares 566,280 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TPB	TURNING PT BRANDS INC	376,800	$22,397	8.3%	$48.55	+27.5%	COM	90041L105
FCFS	FIRSTCASH HOLDINGS INC	165,001	$19,853	7.4%	$103.44	+8.3%	COM	33768G107
LAUR	LAUREATE EDUCATION INC	915,000	$18,712	6.9%	$15.14	+27.6%	COMMON STOCK	518613203
—	TURNING PT BRANDS INC	271,600	$16,144	6.0%	—	—	Call	90041L905
MAA	MID-AMER APT CMNTYS INC	95,000	$15,920	5.9%	$128.47	+19.3%	COM	59522J103
PM	PHILIP MORRIS INTL INC	100,000	$15,873	5.9%	$91.29	+50.1%	COM	718172109
MSFT	MICROSOFT CORP	35,000	$13,139	4.9%	$169.76	+138.6%	COM	594918104
GRBK	GREEN BRICK PARTNERS INC	179,478	$10,465	3.9%	$61.98	-4.6%	COM	392709101
LOPE	GRAND CANYON ED INC	60,000	$10,381	3.9%	$151.26	+14.8%	COM	38526M106
EEFT	EURONET WORLDWIDE INC	90,000	$9,617	3.6%	$109.34	-7.3%	COM	298736109
CPT	CAMDEN PPTY TR	75,000	$9,173	3.4%	$99.87	+13.4%	SH BEN INT	133131102
STRL	STERLING INFRASTRUCTURE INC	72,500	$8,208	3.0%	$58.04	+142.5%	COM	859241101
WD	WALKER & DUNLOP INC	95,068	$8,115	3.0%	$77.82	+11.3%	COM	93148P102
PGNY	PROGYNY INC	360,000	$8,042	3.0%	$15.52	+38.8%	COM	74340E103
CVCO	CAVCO INDS INC DEL	15,000	$7,794	2.9%	$317.66	+58.3%	COM	149568107
BTI	BRITISH AMERN TOB PLC	185,000	$7,653	2.8%	$41.37	—	SPONSORED ADR	110448107
EGY	VAALCO ENERGY INC	2,000,000	$7,520	2.8%	$4.25	-7.9%	COM NEW	91851C201
AZO	AUTOZONE INC	1,850	$7,054	2.6%	$2212.51	+56.0%	COM	053332102
AESI	ATLAS ENERGY SOLUTIONS INC	375,000	$6,690	2.5%	$19.32	+2.7%	COM NEW	642045108
GOGO	GOGO INC	650,000	$5,603	2.1%	$7.64	+2.4%	COM	38046C109
BLD	TOPBUILD CORP	18,000	$5,489	2.0%	$300.92	+6.4%	COM	89055F103
WDAY	WORKDAY INC	21,500	$5,021	1.9%	$255.22	0.0%	CL A	98138H101
TFIN	TRIUMPH FINANCIAL INC	80,000	$4,624	1.7%	$63.67	+14.5%	COM	89679E300
—	BRINKER INTL INC	25,000	$3,726	1.4%	—	—	Put	109641950
NVGS	NAVIGATOR HLDGS LTD	246,204	$3,277	1.2%	$15.63	-2.0%	SHS	Y62132108
—	NEW FORTRESS ENERGY INC	385,000	$3,199	1.2%	—	—	Put	644393950
NVR	NVR INC	430	$3,115	1.2%	$7301.47	+4.2%	COM	62944T105
—	POWELL INDS INC	15,000	$2,555	0.9%	—	—	Put	739128956
CIEN	CIENA CORP	40,000	$2,417	0.9%	$71.76	+10.2%	COM NEW	171779309
IMXI	INTERNATIONAL MNY EXPRESS IN	154,599	$1,951	0.7%	$19.01	-10.0%	COM	46005L101
—	MODINE MFG CO	20,000	$1,535	0.6%	—	—	Put	607828950
—	GOGO INC	160,000	$1,379	0.5%	—	—	Call	38046C909
—	AST SPACEMOBILE INC	54,000	$1,228	0.5%	—	—	Put	00217D950
OABI	OMNIAB INC	410,000	$984	0.4%	$4.54	-27.9%	COM	68218J103
—	ARCHER AVIATION INC	50,000	$356	0.1%	—	—	Put	03945R952
—	SOUNDHOUND AI INC	20,000	$162	0.1%	—	—	Put	836100957
—	RIGETTI COMPUTING INC	566,280	$72	0.0%	—	—	Put	76655K953