FIRST SABREPOINT CAPITAL MANAGEMENT LP Hedge Fund

CIK: 0001731530 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $315,925 (100.0% shares, 0.0% debt)

Holdings (37)

TPB TURNING PT BRANDS INC 12.5%

Value ($000) $39,544 Shares 400,000 Est. Cost $49.68 Unrealized +82.2%

FCFS FIRSTCASH HOLDINGS INC 10.0%

Value ($000) $31,684 Shares 200,000 Est. Cost $107.52 Unrealized +29.2%

LAUR LAUREATE EDUCATION INC 8.0%

Value ($000) $25,232 Shares 800,000 Est. Cost $15.14 Unrealized +73.0%

— TURNING PT BRANDS INC 6.5%

Value ($000) $20,494 Shares 207,300 Est. Cost — Unrealized —

CVCO CAVCO INDS INC DEL 6.4%

Value ($000) $20,326 Shares 35,000 Est. Cost $406.79 Unrealized +20.2%

MSFT MICROSOFT CORP 5.7%

Value ($000) $18,128 Shares 35,000 Est. Cost $169.76 Unrealized +199.7%

BTI BRITISH AMERN TOB PLC 5.2%

Value ($000) $16,455 Shares 310,000 Est. Cost $44.18 Unrealized —

STRL STERLING INFRASTRUCTURE INC 4.5%

Value ($000) $14,267 Shares 42,000 Est. Cost $58.04 Unrealized +389.1%

AMRZ AMRIZE LTD 4.1%

Value ($000) $13,103 Shares 270,000 Est. Cost $50.79 Unrealized +0.4%

HAS HASBRO INC 3.4%

Value ($000) $10,619 Shares 140,000 Est. Cost $61.59 Unrealized +24.2%

WD WALKER & DUNLOP INC 3.2%

Value ($000) $10,034 Shares 120,000 Est. Cost $76.52 Unrealized +3.7%

AZO AUTOZONE INC 2.5%

Value ($000) $7,937 Shares 1,850 Est. Cost $2212.51 Unrealized +81.3%

MAA MID-AMER APT CMNTYS INC 2.4%

Value ($000) $7,685 Shares 55,000 Est. Cost $128.47 Unrealized +11.0%

EGY VAALCO ENERGY INC 2.4%

Value ($000) $7,638 Shares 1,900,000 Est. Cost $4.25 Unrealized -11.6%

PGNY PROGYNY INC 2.4%

Value ($000) $7,532 Shares 350,000 Est. Cost $17.99 Unrealized +26.3%

LOPE GRAND CANYON ED INC 2.1%

Value ($000) $6,586 Shares 30,000 Est. Cost $151.26 Unrealized +27.0%

— CARVANA CO 1.8%

Value ($000) $5,659 Shares 15,000 Est. Cost — Unrealized —

GRBK GREEN BRICK PARTNERS INC 1.6%

Value ($000) $5,170 Shares 70,000 Est. Cost $61.98 Unrealized +10.3%

— JOBY AVIATION INC 1.3%

Value ($000) $4,116 Shares 255,000 Est. Cost — Unrealized —

— IONQ INC 1.3%

Value ($000) $3,998 Shares 65,000 Est. Cost — Unrealized —

— SOLAREDGE TECHNOLOGIES INC 1.2%

Value ($000) $3,885 Shares 105,000 Est. Cost — Unrealized —

— QUANTUMSCAPE CORP 1.2%

Value ($000) $3,881 Shares 315,000 Est. Cost — Unrealized —

— PALANTIR TECHNOLOGIES INC 1.2%

Value ($000) $3,648 Shares 20,000 Est. Cost — Unrealized —

— RIGETTI COMPUTING INC 1.0%

Value ($000) $3,277 Shares 110,000 Est. Cost — Unrealized —

— UNUSUAL MACHS INC 1.0%

Value ($000) $3,247 Shares 215,000 Est. Cost — Unrealized —

BLD TOPBUILD CORP 1.0%

Value ($000) $3,127 Shares 8,000 Est. Cost $300.92 Unrealized +32.6%

— AST SPACEMOBILE INC 0.9%

Value ($000) $2,896 Shares 59,000 Est. Cost — Unrealized —

OPRA OPERA LTD 0.8%

Value ($000) $2,683 Shares 130,000 Est. Cost $20.64 Unrealized —

— AEROVIRONMENT INC 0.8%

Value ($000) $2,677 Shares 8,500 Est. Cost — Unrealized —

— D-WAVE QUANTUM INC 0.7%

Value ($000) $2,224 Shares 90,000 Est. Cost — Unrealized —

— AMPRIUS TECHNOLOGIES INC 0.6%

Value ($000) $1,900 Shares 180,600 Est. Cost — Unrealized —

— DIGITAL RLTY TR INC 0.5%

Value ($000) $1,729 Shares 10,000 Est. Cost — Unrealized —

— VIASAT INC 0.5%

Value ($000) $1,494 Shares 51,000 Est. Cost — Unrealized —

— BIGBEAR AI HLDGS INC 0.4%

Value ($000) $1,369 Shares 210,000 Est. Cost — Unrealized —

— WINGSTOP INC 0.3%

Value ($000) $881 Shares 3,500 Est. Cost — Unrealized —

— AEVA TECHNOLOGIES INC 0.1%

Value ($000) $435 Shares 30,000 Est. Cost — Unrealized —

— QUANTUM COMPUTING INC 0.1%

Value ($000) $368 Shares 20,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TPB	TURNING PT BRANDS INC	400,000	$39,544	12.5%	$49.68	+82.2%	COM	90041L105
FCFS	FIRSTCASH HOLDINGS INC	200,000	$31,684	10.0%	$107.52	+29.2%	COM	33768G107
LAUR	LAUREATE EDUCATION INC	800,000	$25,232	8.0%	$15.14	+73.0%	COMMON STOCK	518613203
—	TURNING PT BRANDS INC	207,300	$20,494	6.5%	—	—	Call	90041L905
CVCO	CAVCO INDS INC DEL	35,000	$20,326	6.4%	$406.79	+20.2%	COM	149568107
MSFT	MICROSOFT CORP	35,000	$18,128	5.7%	$169.76	+199.7%	COM	594918104
BTI	BRITISH AMERN TOB PLC	310,000	$16,455	5.2%	$44.18	—	SPONSORED ADR	110448107
STRL	STERLING INFRASTRUCTURE INC	42,000	$14,267	4.5%	$58.04	+389.1%	COM	859241101
AMRZ	AMRIZE LTD	270,000	$13,103	4.1%	$50.79	+0.4%	SHS	H2927K103
HAS	HASBRO INC	140,000	$10,619	3.4%	$61.59	+24.2%	COM	418056107
WD	WALKER & DUNLOP INC	120,000	$10,034	3.2%	$76.52	+3.7%	COM	93148P102
AZO	AUTOZONE INC	1,850	$7,937	2.5%	$2212.51	+81.3%	COM	053332102
MAA	MID-AMER APT CMNTYS INC	55,000	$7,685	2.4%	$128.47	+11.0%	COM	59522J103
EGY	VAALCO ENERGY INC	1,900,000	$7,638	2.4%	$4.25	-11.6%	COM NEW	91851C201
PGNY	PROGYNY INC	350,000	$7,532	2.4%	$17.99	+26.3%	COM	74340E103
LOPE	GRAND CANYON ED INC	30,000	$6,586	2.1%	$151.26	+27.0%	COM	38526M106
—	CARVANA CO	15,000	$5,659	1.8%	—	—	Put	146869952
GRBK	GREEN BRICK PARTNERS INC	70,000	$5,170	1.6%	$61.98	+10.3%	COM	392709101
—	JOBY AVIATION INC	255,000	$4,116	1.3%	—	—	Put	G65163950
—	IONQ INC	65,000	$3,998	1.3%	—	—	Put	46222L958
—	SOLAREDGE TECHNOLOGIES INC	105,000	$3,885	1.2%	—	—	Put	83417M954
—	QUANTUMSCAPE CORP	315,000	$3,881	1.2%	—	—	Put	74767V959
—	PALANTIR TECHNOLOGIES INC	20,000	$3,648	1.2%	—	—	Put	69608A958
—	RIGETTI COMPUTING INC	110,000	$3,277	1.0%	—	—	Put	76655K953
—	UNUSUAL MACHS INC	215,000	$3,247	1.0%	—	—	Put	91532F952
BLD	TOPBUILD CORP	8,000	$3,127	1.0%	$300.92	+32.6%	COM	89055F103
—	AST SPACEMOBILE INC	59,000	$2,896	0.9%	—	—	Put	00217D950
OPRA	OPERA LTD	130,000	$2,683	0.8%	$20.64	—	SPONSORED ADS	68373M107
—	AEROVIRONMENT INC	8,500	$2,677	0.8%	—	—	Put	008073958
—	D-WAVE QUANTUM INC	90,000	$2,224	0.7%	—	—	Put	26740W959
—	AMPRIUS TECHNOLOGIES INC	180,600	$1,900	0.6%	—	—	Put	03214Q958
—	DIGITAL RLTY TR INC	10,000	$1,729	0.5%	—	—	Put	253868953
—	VIASAT INC	51,000	$1,494	0.5%	—	—	Put	92552V950
—	BIGBEAR AI HLDGS INC	210,000	$1,369	0.4%	—	—	Put	08975B959
—	WINGSTOP INC	3,500	$881	0.3%	—	—	Put	974155953
—	AEVA TECHNOLOGIES INC	30,000	$435	0.1%	—	—	Put	00835Q952
—	QUANTUM COMPUTING INC	20,000	$368	0.1%	—	—	Put	74766W958