VALUEWORKS LLC Long-Term Concentrated

CIK: 0001282189 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $379,894 (100.0% shares, 0.0% debt)

Holdings (35)

New Positions (6)

— Tidewater Inc. 4.2%

Value ($000) $16,088 Shares 318,502 Est. Cost $50.51 Unrealized —

JEF Jefferies Financial 4.1%

Value ($000) $15,571 Shares 251,259 Est. Cost $56.69 Unrealized 0.0%

BA BOEING CO/THE 2.6%

Value ($000) $9,793 Shares 45,103 Est. Cost $205.66 Unrealized 0.0%

YOU Clear Secure Inc Class A 2.3%

Value ($000) $8,556 Shares 243,890 Est. Cost $33.96 Unrealized 0.0%

HPP Hudson Pacific Properties Inc 2.0%

Value ($000) $7,631 Shares 704,590 Est. Cost $10.83 Unrealized —

CRGY CRESCENT ENERGY INC-A 1.1%

Value ($000) $4,112 Shares 490,083 Est. Cost $8.72 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Tidewater Inc.	318,502	$16,088	4.2%	$50.51	—	COM	88642r109
JEF	Jefferies Financial	251,259	$15,571	4.1%	$56.69	0.0%	COM	47233W109
BA	BOEING CO/THE	45,103	$9,793	2.6%	$205.66	0.0%	COM	097023105
YOU	Clear Secure Inc Class A	243,890	$8,556	2.3%	$33.96	0.0%	COM CL A	18467V109
HPP	Hudson Pacific Properties Inc	704,590	$7,631	2.0%	$10.83	—	COM	444097406
CRGY	CRESCENT ENERGY INC-A	490,083	$4,112	1.1%	$8.72	0.0%	CL A COM	44952J104

Increased Positions (3)

JOBY Joby Aviation Inc. 8.3%

Value ($000) $31,621 (-11.4%) Shares 2,395,541 (+8.3%) Est. Cost $6.58 Unrealized +133.2%

MLP Maui Land & Pineapple Co. 5.4%

Value ($000) $20,361 (+10.1%) Shares 1,201,935 (+21.1%) Est. Cost $11.75 Unrealized +37.3%

HY Hyster-Yale Materials Handling Inc. Cl A 3.1%

Value ($000) $11,865 (+7.4%) Shares 399,344 (+33.2%) Est. Cost $40.48 Unrealized -19.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JOBY	Joby Aviation Inc.	2,395,541 (+8.3%)	$31,621 (-11.4%)	8.3%	$6.58	+133.2%	COMMON STOCK	G65163100
MLP	Maui Land & Pineapple Co.	1,201,935 (+21.1%)	$20,361 (+10.1%)	5.4%	$11.75	+37.3%	COM	577345101
HY	Hyster-Yale Materials Handling Inc. Cl A	399,344 (+33.2%)	$11,865 (+7.4%)	3.1%	$40.48	-19.2%	CL A	449172105

Exited Positions (5)

TDW Tidewater Inc. 4.5%

Value ($000) $17,097 Shares 320,597 Est. Cost $54.81 Unrealized -3.6%

— Spirit AeroSystems Holdings, Inc. 2.3%

Value ($000) $8,899 Shares 230,548 Est. Cost $32.43 Unrealized —

— Vital Energy Inc 1.1%

Value ($000) $4,342 Shares 257,100 Est. Cost $16.40 Unrealized —

— Hudson Pacific Properties Inc 0.6%

Value ($000) $2,247 Shares 814,170 Est. Cost $2.74 Unrealized —

GNK Genco Shipping 0.3%

Value ($000) $979 Shares 55,000 Est. Cost $8.66 Unrealized +102.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TDW	Tidewater Inc.	320,597	$17,097	4.5%	$54.81	-3.6%	—	88642R109
—	Spirit AeroSystems Holdings, Inc.	230,548	$8,899	2.3%	$32.43	—	—	848574109
—	Vital Energy Inc	257,100	$4,342	1.1%	$16.40	—	—	516806205
—	Hudson Pacific Properties Inc	814,170	$2,247	0.6%	$2.74	—	—	444097109
GNK	Genco Shipping	55,000	$979	0.3%	$8.66	+102.9%	—	Y2685T131

Decreased Positions (10)

MU Micron Technology Inc 7.3%

Value ($000) $27,578 (+45.3%) Shares 96,627 (-14.8%) Est. Cost $77.11 Unrealized +197.4%

AL Air Lease Corporation 2.7%

Value ($000) $10,227 (-37.8%) Shares 159,231 (-38.3%) Est. Cost $41.35 Unrealized +54.0%

MSB Mesabi Trust 6.7%

Value ($000) $25,584 (+29.2%) Shares 664,171 (-1.9%) Est. Cost $20.89 Unrealized —

TUSK Mammoth Energy Services, Inc. 0.0%

Value ($000) $24 (-99.5%) Shares 12,775 (-99.4%) Est. Cost $1.80 Unrealized +12.4%

UNFI United Natural Foods Inc. 3.4%

Value ($000) $12,923 (-11.6%) Shares 383,800 (-1.2%) Est. Cost $17.33 Unrealized +114.5%

LNG Cheniere Energy Inc 0.9%

Value ($000) $3,559 (-21.5%) Shares 18,310 (-5.1%) Est. Cost $63.23 Unrealized +232.1%

EQT EQT Corporation 0.3%

Value ($000) $1,215 (-40.8%) Shares 22,660 (-39.9%) Est. Cost $33.40 Unrealized +68.1%

GLW Corning Inc. 1.0%

Value ($000) $3,829 (-14.7%) Shares 43,734 (-20.1%) Est. Cost $10.80 Unrealized +696.1%

IVZ Invesco Ltd. 0.6%

Value ($000) $2,380 (+9.3%) Shares 90,614 (-4.5%) Est. Cost $14.66 Unrealized +65.9%

AAPL Apple Inc. 1.0%

Value ($000) $3,983 (+2.8%) Shares 14,652 (-3.8%) Est. Cost $63.20 Unrealized +324.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MU	Micron Technology Inc	96,627 (-14.8%)	$27,578 (+45.3%)	7.3%	$77.11	+197.4%	COM	595112103
AL	Air Lease Corporation	159,231 (-38.3%)	$10,227 (-37.8%)	2.7%	$41.35	+54.0%	CL A	00912X302
MSB	Mesabi Trust	664,171 (-1.9%)	$25,584 (+29.2%)	6.7%	$20.89	—	CTF BEN INT	590672101
TUSK	Mammoth Energy Services, Inc.	12,775 (-99.4%)	$24 (-99.5%)	0.0%	$1.80	+12.4%	COM	56155L108
UNFI	United Natural Foods Inc.	383,800 (-1.2%)	$12,923 (-11.6%)	3.4%	$17.33	+114.5%	COM	911163103
LNG	Cheniere Energy Inc	18,310 (-5.1%)	$3,559 (-21.5%)	0.9%	$63.23	+232.1%	COM NEW	16411R208
EQT	EQT Corporation	22,660 (-39.9%)	$1,215 (-40.8%)	0.3%	$33.40	+68.1%	COM	26884L109
GLW	Corning Inc.	43,734 (-20.1%)	$3,829 (-14.7%)	1.0%	$10.80	+696.1%	COM	219350105
IVZ	Invesco Ltd.	90,614 (-4.5%)	$2,380 (+9.3%)	0.6%	$14.66	+65.9%	SHS	G491BT108
AAPL	Apple Inc.	14,652 (-3.8%)	$3,983 (+2.8%)	1.0%	$63.20	+324.6%	COM	037833100

Unchanged Positions (16)

RIVN Rivian Automotive Inc Class A 6.4%

Value ($000) $24,281 Shares 1,231,931 Est. Cost $10.60 Unrealized +49.7%

CBL CBL & Associates Properties Inc. 3.0%

Value ($000) $11,489 Shares 310,523 Est. Cost $32.78 Unrealized —

CART Maplebear Inc. 2.7%

Value ($000) $10,292 Shares 228,816 Est. Cost $43.48 Unrealized -5.9%

CHRD Chord Energy Corp. 4.1%

Value ($000) $15,519 Shares 167,411 Est. Cost $86.18 Unrealized +6.7%

CDLR Cadeler A/S Spons Adr 2.6%

Value ($000) $9,845 Shares 529,584 Est. Cost $3.58 Unrealized —

NYT New York Times Cl A 1.6%

Value ($000) $5,914 Shares 85,192 Est. Cost $16.46 Unrealized +275.6%

VAL Valaris Ltd 6.3%

Value ($000) $23,828 Shares 472,780 Est. Cost $35.05 Unrealized +53.1%

MBI MBIA Inc 3.9%

Value ($000) $14,769 Shares 2,062,700 Est. Cost $4.36 Unrealized +65.8%

AMZN Amazon.com Inc. 3.2%

Value ($000) $12,163 Shares 52,694 Est. Cost $182.46 Unrealized +25.4%

AMGN Amgen Inc. 0.9%

Value ($000) $3,557 Shares 10,869 Est. Cost $137.93 Unrealized +129.1%

QCOM Qualcomm Inc. 2.6%

Value ($000) $9,799 Shares 57,287 Est. Cost $45.82 Unrealized +272.7%

CMCSA Comcast Cl A 1.1%

Value ($000) $4,162 Shares 139,245 Est. Cost $29.74 Unrealized -4.0%

SBLK Star Bulk Carriers Corp. 1.8%

Value ($000) $6,892 Shares 358,588 Est. Cost $19.57 Unrealized -4.6%

GNW Genworth Financial Inc 1.7%

Value ($000) $6,409 Shares 709,716 Est. Cost $4.29 Unrealized +103.0%

NE Noble Corp PLC 1.0%

Value ($000) $3,822 Shares 135,330 Est. Cost $44.62 Unrealized -34.5%

CQP Cheniere Energy Partners 0.1%

Value ($000) $254 Shares 4,750 Est. Cost $52.47 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RIVN	Rivian Automotive Inc Class A	1,231,931	$24,281	6.4%	$10.60	+49.7%	COM CL A	76954A103
CBL	CBL & Associates Properties Inc.	310,523	$11,489	3.0%	$32.78	—	COMMON STOCK	124830878
CART	Maplebear Inc.	228,816	$10,292	2.7%	$43.48	-5.9%	COM	565394103
CHRD	Chord Energy Corp.	167,411	$15,519	4.1%	$86.18	+6.7%	COM NEW	674215207
CDLR	Cadeler A/S Spons Adr	529,584	$9,845	2.6%	$3.58	—	SPON ADR	12738K109
NYT	New York Times Cl A	85,192	$5,914	1.6%	$16.46	+275.6%	CL A	650111107
VAL	Valaris Ltd	472,780	$23,828	6.3%	$35.05	+53.1%	CL A	G9460G101
MBI	MBIA Inc	2,062,700	$14,769	3.9%	$4.36	+65.8%	COM	55262C100
AMZN	Amazon.com Inc.	52,694	$12,163	3.2%	$182.46	+25.4%	COM	023135106
AMGN	Amgen Inc.	10,869	$3,557	0.9%	$137.93	+129.1%	COM	031162100
QCOM	Qualcomm Inc.	57,287	$9,799	2.6%	$45.82	+272.7%	COM	747525103
CMCSA	Comcast Cl A	139,245	$4,162	1.1%	$29.74	-4.0%	CL A	20030N101
SBLK	Star Bulk Carriers Corp.	358,588	$6,892	1.8%	$19.57	-4.6%	SHS PAR	Y8162K204
GNW	Genworth Financial Inc	709,716	$6,409	1.7%	$4.29	+103.0%	COM SHS	37247D106
NE	Noble Corp PLC	135,330	$3,822	1.0%	$44.62	-34.5%	ORD SHS A	G65431127
CQP	Cheniere Energy Partners	4,750	$254	0.1%	$52.47	—	COM UNIT	16411Q101