FIRST SABREPOINT CAPITAL MANAGEMENT LP Hedge Fund

CIK: 0001731530 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value ($000): $280,629 (100.0% shares, 0.0% debt)

Holdings (35)

— TURNING PT BRANDS INC 12.1%

Value ($000) $33,922 Shares 447,700 Est. Cost — Unrealized —

TPB TURNING PT BRANDS INC 10.8%

Value ($000) $30,308 Shares 400,000 Est. Cost $49.68 Unrealized +36.9%

FCFS FIRSTCASH HOLDINGS INC 9.6%

Value ($000) $27,028 Shares 200,000 Est. Cost $107.52 Unrealized +17.9%

LAUR LAUREATE EDUCATION INC 7.5%

Value ($000) $21,042 Shares 900,000 Est. Cost $15.14 Unrealized +41.7%

MSFT MICROSOFT CORP 6.2%

Value ($000) $17,409 Shares 35,000 Est. Cost $169.76 Unrealized +154.7%

BTI BRITISH AMERN TOB PLC 5.9%

Value ($000) $16,566 Shares 350,000 Est. Cost $44.18 Unrealized —

HAS HASBRO INC 5.4%

Value ($000) $15,133 Shares 205,000 Est. Cost $61.59 Unrealized 0.0%

CVCO CAVCO INDS INC DEL 4.6%

Value ($000) $13,033 Shares 30,000 Est. Cost $393.09 Unrealized +19.2%

STRL STERLING INFRASTRUCTURE INC 4.1%

Value ($000) $11,537 Shares 50,000 Est. Cost $58.04 Unrealized +200.8%

MAA MID-AMER APT CMNTYS INC 4.0%

Value ($000) $11,101 Shares 75,000 Est. Cost $128.47 Unrealized +18.7%

WD WALKER & DUNLOP INC 2.9%

Value ($000) $8,246 Shares 117,000 Est. Cost $76.45 Unrealized -7.7%

LOPE GRAND CANYON ED INC 2.7%

Value ($000) $7,560 Shares 40,000 Est. Cost $151.26 Unrealized +22.5%

CPT CAMDEN PPTY TR 2.6%

Value ($000) $7,325 Shares 65,000 Est. Cost $99.87 Unrealized +12.2%

EGY VAALCO ENERGY INC 2.6%

Value ($000) $7,220 Shares 2,000,000 Est. Cost $4.25 Unrealized -21.9%

AZO AUTOZONE INC 2.4%

Value ($000) $6,868 Shares 1,850 Est. Cost $2212.51 Unrealized +66.6%

BL BLACKLINE INC 2.0%

Value ($000) $5,662 Shares 100,000 Est. Cost $51.65 Unrealized 0.0%

PGNY PROGYNY INC 1.8%

Value ($000) $5,060 Shares 230,000 Est. Cost $15.52 Unrealized +41.3%

GRBK GREEN BRICK PARTNERS INC 1.8%

Value ($000) $5,010 Shares 79,679 Est. Cost $61.98 Unrealized -4.4%

AMRZ AMRIZE LTD 1.8%

Value ($000) $4,955 Shares 100,000 Est. Cost $50.45 Unrealized 0.0%

AESI ATLAS ENERGY SOLUTIONS INC 1.7%

Value ($000) $4,680 Shares 350,000 Est. Cost $19.32 Unrealized -31.4%

— HASBRO INC 1.3%

Value ($000) $3,691 Shares 50,000 Est. Cost — Unrealized —

NVR NVR INC 1.0%

Value ($000) $2,733 Shares 370 Est. Cost $7301.47 Unrealized -1.8%

BLD TOPBUILD CORP 0.9%

Value ($000) $2,590 Shares 8,000 Est. Cost $300.92 Unrealized -1.4%

GOGO GOGO INC 0.9%

Value ($000) $2,496 Shares 170,000 Est. Cost $7.64 Unrealized +33.2%

— AEVA TECHNOLOGIES INC 0.9%

Value ($000) $2,456 Shares 65,000 Est. Cost — Unrealized —

— DUOLINGO INC 0.6%

Value ($000) $1,640 Shares 4,000 Est. Cost — Unrealized —

— MODINE MFG CO 0.6%

Value ($000) $1,576 Shares 16,000 Est. Cost — Unrealized —

— AST SPACEMOBILE INC 0.3%

Value ($000) $935 Shares 20,000 Est. Cost — Unrealized —

— NEW FORTRESS ENERGY INC 0.3%

Value ($000) $863 Shares 260,000 Est. Cost — Unrealized —

— BYRNA TECHNOLOGIES INC 0.2%

Value ($000) $540 Shares 17,500 Est. Cost — Unrealized —

— IONQ INC 0.2%

Value ($000) $430 Shares 10,000 Est. Cost — Unrealized —

— QUANTUM COMPUTING INC 0.1%

Value ($000) $383 Shares 20,000 Est. Cost — Unrealized —

— RIGETTI COMPUTING INC 0.1%

Value ($000) $297 Shares 25,000 Est. Cost — Unrealized —

— D-WAVE QUANTUM INC 0.1%

Value ($000) $220 Shares 15,000 Est. Cost — Unrealized —

BBW BUILD-A-BEAR WORKSHOP INC 0.0%

Value ($000) $117 Shares 2,262 Est. Cost $41.86 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TURNING PT BRANDS INC	447,700	$33,922	12.1%	—	—	Call	90041L905
TPB	TURNING PT BRANDS INC	400,000	$30,308	10.8%	$49.68	+36.9%	COM	90041L105
FCFS	FIRSTCASH HOLDINGS INC	200,000	$27,028	9.6%	$107.52	+17.9%	COM	33768G107
LAUR	LAUREATE EDUCATION INC	900,000	$21,042	7.5%	$15.14	+41.7%	COMMON STOCK	518613203
MSFT	MICROSOFT CORP	35,000	$17,409	6.2%	$169.76	+154.7%	COM	594918104
BTI	BRITISH AMERN TOB PLC	350,000	$16,566	5.9%	$44.18	—	SPONSORED ADR	110448107
HAS	HASBRO INC	205,000	$15,133	5.4%	$61.59	0.0%	COM	418056107
CVCO	CAVCO INDS INC DEL	30,000	$13,033	4.6%	$393.09	+19.2%	COM	149568107
STRL	STERLING INFRASTRUCTURE INC	50,000	$11,537	4.1%	$58.04	+200.8%	COM	859241101
MAA	MID-AMER APT CMNTYS INC	75,000	$11,101	4.0%	$128.47	+18.7%	COM	59522J103
WD	WALKER & DUNLOP INC	117,000	$8,246	2.9%	$76.45	-7.7%	COM	93148P102
LOPE	GRAND CANYON ED INC	40,000	$7,560	2.7%	$151.26	+22.5%	COM	38526M106
CPT	CAMDEN PPTY TR	65,000	$7,325	2.6%	$99.87	+12.2%	SH BEN INT	133131102
EGY	VAALCO ENERGY INC	2,000,000	$7,220	2.6%	$4.25	-21.9%	COM NEW	91851C201
AZO	AUTOZONE INC	1,850	$6,868	2.4%	$2212.51	+66.6%	COM	053332102
BL	BLACKLINE INC	100,000	$5,662	2.0%	$51.65	0.0%	COM	09239B109
PGNY	PROGYNY INC	230,000	$5,060	1.8%	$15.52	+41.3%	COM	74340E103
GRBK	GREEN BRICK PARTNERS INC	79,679	$5,010	1.8%	$61.98	-4.4%	COM	392709101
AMRZ	AMRIZE LTD	100,000	$4,955	1.8%	$50.45	0.0%	SHS	H2927K103
AESI	ATLAS ENERGY SOLUTIONS INC	350,000	$4,680	1.7%	$19.32	-31.4%	COM NEW	642045108
—	HASBRO INC	50,000	$3,691	1.3%	—	—	Call	418056907
NVR	NVR INC	370	$2,733	1.0%	$7301.47	-1.8%	COM	62944T105
BLD	TOPBUILD CORP	8,000	$2,590	0.9%	$300.92	-1.4%	COM	89055F103
GOGO	GOGO INC	170,000	$2,496	0.9%	$7.64	+33.2%	COM	38046C109
—	AEVA TECHNOLOGIES INC	65,000	$2,456	0.9%	—	—	Put	00835Q952
—	DUOLINGO INC	4,000	$1,640	0.6%	—	—	Put	26603R956
—	MODINE MFG CO	16,000	$1,576	0.6%	—	—	Put	607828950
—	AST SPACEMOBILE INC	20,000	$935	0.3%	—	—	Put	00217D950
—	NEW FORTRESS ENERGY INC	260,000	$863	0.3%	—	—	Put	644393950
—	BYRNA TECHNOLOGIES INC	17,500	$540	0.2%	—	—	Put	12448X951
—	IONQ INC	10,000	$430	0.2%	—	—	Put	46222L958
—	QUANTUM COMPUTING INC	20,000	$383	0.1%	—	—	Put	74766W958
—	RIGETTI COMPUTING INC	25,000	$297	0.1%	—	—	Put	76655K953
—	D-WAVE QUANTUM INC	15,000	$220	0.1%	—	—	Put	26740W959
BBW	BUILD-A-BEAR WORKSHOP INC	2,262	$117	0.0%	$41.86	0.0%	COM	120076104