Bandera Partners LLC Long-Term Concentrated

CIK: 0001399386 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $222,479 (100.0% shares, 0.0% debt)

Holdings (13)

Decreased Positions (1)

AMKR AMKOR TECHNOLOGY INC 12.3%

Value ($000) $27,380 (+24.6%) Shares 693,519 (-10.3%) Est. Cost $19.50 Unrealized +82.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMKR	AMKOR TECHNOLOGY INC	693,519 (-10.3%)	$27,380 (+24.6%)	12.3%	$19.50	+82.2%	COM	031652100

Unchanged Positions (12)

BUR BURFORD CAP LTD 9.7%

Value ($000) $21,537 Shares 2,414,460 Est. Cost $10.90 Unrealized -10.1%

GOOGL ALPHABET INC 12.6%

Value ($000) $27,958 Shares 89,322 Est. Cost $106.39 Unrealized +168.4%

RRGB RED ROBIN GOURMET BURGERS IN 2.5%

Value ($000) $5,468 Shares 1,350,000 Est. Cost $4.71 Unrealized +6.5%

JYNT JOINT CORP 15.4%

Value ($000) $34,333 Shares 3,937,296 Est. Cost $23.39 Unrealized -63.7%

AMRC AMERESCO INC 6.9%

Value ($000) $15,429 Shares 526,769 Est. Cost $18.78 Unrealized +86.9%

BTMD BIOTE CORP 2.7%

Value ($000) $5,938 Shares 2,283,791 Est. Cost $5.87 Unrealized -53.4%

NNI NELNET INC 6.1%

Value ($000) $13,616 Shares 102,389 Est. Cost $93.64 Unrealized +39.7%

TLF TANDY LEATHER FACTORY INC 3.5%

Value ($000) $7,831 Shares 2,857,936 Est. Cost $4.68 Unrealized -39.3%

HQI HIREQUEST INC 1.1%

Value ($000) $2,489 Shares 236,847 Est. Cost $12.55 Unrealized -30.1%

AIOT POWERFLEET INC 4.5%

Value ($000) $10,010 Shares 1,881,666 Est. Cost $3.39 Unrealized +51.1%

SKYW SKYWEST INC 8.1%

Value ($000) $17,984 Shares 179,107 Est. Cost $90.68 Unrealized +10.4%

SGU STAR GROUP L P 14.6%

Value ($000) $32,505 Shares 2,745,360 Est. Cost $6.97 Unrealized +69.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BUR	BURFORD CAP LTD	2,414,460	$21,537	9.7%	$10.90	-10.1%	ORD SHS	G17977110
GOOGL	ALPHABET INC	89,322	$27,958	12.6%	$106.39	+168.4%	CAP STK CL A	02079K305
RRGB	RED ROBIN GOURMET BURGERS IN	1,350,000	$5,468	2.5%	$4.71	+6.5%	COM	75689M101
JYNT	JOINT CORP	3,937,296	$34,333	15.4%	$23.39	-63.7%	COM	47973J102
AMRC	AMERESCO INC	526,769	$15,429	6.9%	$18.78	+86.9%	CL A	02361E108
BTMD	BIOTE CORP	2,283,791	$5,938	2.7%	$5.87	-53.4%	CLASS A COM	090683103
NNI	NELNET INC	102,389	$13,616	6.1%	$93.64	+39.7%	CL A	64031N108
TLF	TANDY LEATHER FACTORY INC	2,857,936	$7,831	3.5%	$4.68	-39.3%	COM	87538X105
HQI	HIREQUEST INC	236,847	$2,489	1.1%	$12.55	-30.1%	COM	433535101
AIOT	POWERFLEET INC	1,881,666	$10,010	4.5%	$3.39	+51.1%	COM	73931J109
SKYW	SKYWEST INC	179,107	$17,984	8.1%	$90.68	+10.4%	COM	830879102
SGU	STAR GROUP L P	2,745,360	$32,505	14.6%	$6.97	+69.9%	UNIT LTD PARTNR	85512C105