GARNET EQUITY CAPITAL HOLDINGS, INC. Hedge Fund

CIK: 0001423876 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $763,801 (100.0% shares, 0.0% debt)

Holdings (26)

New Positions (3)

SPY SPDR S&P 500 ETF TR 71.4%

Value ($000) $545,536 Shares 800,000 Est. Cost — Unrealized —

FTAI FTAI AVIATION LTD 1.0%

Value ($000) $7,874 Shares 40,000 Est. Cost $116.99 Unrealized +45.5%

DBRG DIGITALBRIDGE GROUP INC 0.4%

Value ($000) $3,068 Shares 200,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	800,000	$545,536	71.4%	—	—	CALL	78462F103
FTAI	FTAI AVIATION LTD	40,000	$7,874	1.0%	$116.99	+45.5%	CALL	G3730V105
DBRG	DIGITALBRIDGE GROUP INC	200,000	$3,068	0.4%	—	—	CALL	25401T603

Increased Positions (6)

GRPN GROUPON INC 2.2%

Value ($000) $16,882 (-21.3%) Shares 958,660 (+4.4%) Est. Cost $10.79 Unrealized +74.6%

NTGR NETGEAR INC 1.7%

Value ($000) $12,798 (-16.2%) Shares 521,710 (+10.6%) Est. Cost $20.72 Unrealized +38.8%

FIP FTAI INFRASTRUCTURE INC 1.2%

Value ($000) $9,049 (+30.8%) Shares 1,962,854 (+23.7%) Est. Cost $5.13 Unrealized -4.2%

AZ A2Z CUST2MATE SOLUTIONS CORP 1.3%

Value ($000) $9,736 (+18.0%) Shares 1,495,598 (+44.8%) Est. Cost $7.10 Unrealized -9.5%

HNRG HALLADOR ENERGY COMPANY 0.9%

Value ($000) $6,813 (+16.1%) Shares 357,840 (+19.3%) Est. Cost $13.00 Unrealized +55.9%

NFE NEW FORTRESS ENERGY INC 0.3%

Value ($000) $2,218 (-4.0%) Shares 1,945,617 (+86.1%) Est. Cost $2.21 Unrealized -33.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GRPN	GROUPON INC	958,660 (+4.4%)	$16,882 (-21.3%)	2.2%	$10.79	+74.6%	COM NEW	399473206
NTGR	NETGEAR INC	521,710 (+10.6%)	$12,798 (-16.2%)	1.7%	$20.72	+38.8%	COM	64111Q104
FIP	FTAI INFRASTRUCTURE INC	1,962,854 (+23.7%)	$9,049 (+30.8%)	1.2%	$5.13	-4.2%	COMMON STOCK	35953C106
AZ	A2Z CUST2MATE SOLUTIONS CORP	1,495,598 (+44.8%)	$9,736 (+18.0%)	1.3%	$7.10	-9.5%	COM	002205102
HNRG	HALLADOR ENERGY COMPANY	357,840 (+19.3%)	$6,813 (+16.1%)	0.9%	$13.00	+55.9%	COM	40609P105
NFE	NEW FORTRESS ENERGY INC	1,945,617 (+86.1%)	$2,218 (-4.0%)	0.3%	$2.21	-33.3%	COM CL A	644393100

Exited Positions (5)

HNRG HALLADOR ENERGY COMPANY 0.6%

Value ($000) $4,893 Shares 250,000 Est. Cost $13.00 Unrealized +55.9%

BGC BGC GROUP INC 0.3%

Value ($000) $2,552 Shares 269,790 Est. Cost $5.73 Unrealized +57.0%

XPOF XPONENTIAL FITNESS INC 0.3%

Value ($000) $2,014 Shares 258,587 Est. Cost $9.12 Unrealized -22.1%

BNED BARNES & NOBLE ED INC 0.2%

Value ($000) $1,745 Shares 175,400 Est. Cost — Unrealized —

SEAT VIVID SEATS INC 0.2%

Value ($000) $1,265 Shares 76,130 Est. Cost $23.58 Unrealized -58.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HNRG	HALLADOR ENERGY COMPANY	250,000	$4,893	0.6%	$13.00	+55.9%	CALL	40609P105
BGC	BGC GROUP INC	269,790	$2,552	0.3%	$5.73	+57.0%	—	088929104
XPOF	XPONENTIAL FITNESS INC	258,587	$2,014	0.3%	$9.12	-22.1%	—	98422X101
BNED	BARNES & NOBLE ED INC	175,400	$1,745	0.2%	—	—	CALL	06777U200
SEAT	VIVID SEATS INC	76,130	$1,265	0.2%	$23.58	-58.3%	—	92854T209

Decreased Positions (10)

SOC SABLE OFFSHORE CORP 0.4%

Value ($000) $2,706 (-90.3%) Shares 300,000 (-81.3%) Est. Cost $22.91 Unrealized -58.8%

KTOS KRATOS DEFENSE & SEC SOLUTIO 2.7%

Value ($000) $20,913 (-29.4%) Shares 275,500 (-15.0%) Est. Cost $22.88 Unrealized +257.8%

ESTA ESTABLISHMENT LABS HLDGS INC 1.9%

Value ($000) $14,513 (+57.3%) Shares 199,138 (-11.6%) Est. Cost $36.46 Unrealized +65.6%

CLMT CALUMET INC 0.3%

Value ($000) $2,220 (-68.1%) Shares 111,746 (-70.7%) Est. Cost $16.56 Unrealized +16.2%

TBCH TURTLE BEACH CORP 2.8%

Value ($000) $21,241 (-16.6%) Shares 1,513,959 (-5.5%) Est. Cost $13.47 Unrealized +10.4%

SOC SABLE OFFSHORE CORP 0.2%

Value ($000) $1,424 (-60.8%) Shares 157,891 (-24.1%) Est. Cost $22.91 Unrealized -58.8%

FIP FTAI INFRASTRUCTURE INC 0.2%

Value ($000) $1,153 (-47.1%) Shares 250,000 (-50.0%) Est. Cost $5.13 Unrealized -4.2%

FTAI FTAI AVIATION LTD 3.1%

Value ($000) $23,431 (+2.5%) Shares 119,028 (-13.1%) Est. Cost $116.99 Unrealized +45.5%

NXE NEXGEN ENERGY LTD 0.3%

Value ($000) $2,300 (-13.4%) Shares 250,000 (-15.8%) Est. Cost $5.76 Unrealized +53.4%

AZ A2Z CUST2MATE SOLUTIONS CORP 0.0%

Value ($000) $321 (-22.2%) Shares 49,300 (-4.5%) Est. Cost $7.10 Unrealized -9.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SOC	SABLE OFFSHORE CORP	300,000 (-81.3%)	$2,706 (-90.3%)	0.4%	$22.91	-58.8%	CALL	78574H104
KTOS	KRATOS DEFENSE & SEC SOLUTIO	275,500 (-15.0%)	$20,913 (-29.4%)	2.7%	$22.88	+257.8%	COM NEW	50077B207
ESTA	ESTABLISHMENT LABS HLDGS INC	199,138 (-11.6%)	$14,513 (+57.3%)	1.9%	$36.46	+65.6%	COM	G31249108
CLMT	CALUMET INC	111,746 (-70.7%)	$2,220 (-68.1%)	0.3%	$16.56	+16.2%	COM	131428104
TBCH	TURTLE BEACH CORP	1,513,959 (-5.5%)	$21,241 (-16.6%)	2.8%	$13.47	+10.4%	COM NEW	900450206
SOC	SABLE OFFSHORE CORP	157,891 (-24.1%)	$1,424 (-60.8%)	0.2%	$22.91	-58.8%	COM SHS	78574H104
FIP	FTAI INFRASTRUCTURE INC	250,000 (-50.0%)	$1,153 (-47.1%)	0.2%	$5.13	-4.2%	CALL	35953C106
FTAI	FTAI AVIATION LTD	119,028 (-13.1%)	$23,431 (+2.5%)	3.1%	$116.99	+45.5%	SHS	G3730V105
NXE	NEXGEN ENERGY LTD	250,000 (-15.8%)	$2,300 (-13.4%)	0.3%	$5.76	+53.4%	COM	65340P106
AZ	A2Z CUST2MATE SOLUTIONS CORP	49,300 (-4.5%)	$321 (-22.2%)	0.0%	$7.10	-9.5%	CALL	002205102

Unchanged Positions (7)

TLN TALEN ENERGY CORP 3.2%

Value ($000) $24,191 Shares 64,537 Est. Cost $138.87 Unrealized +179.9%

CCOI COGENT COMMUNICATIONS HLDGS 0.3%

Value ($000) $2,156 Shares 100,000 Est. Cost — Unrealized —

GLNG GOLAR LNG LTD 1.9%

Value ($000) $14,307 Shares 384,504 Est. Cost $31.30 Unrealized +21.7%

CCJ CAMECO CORP 0.9%

Value ($000) $6,925 Shares 75,694 Est. Cost $33.15 Unrealized +171.3%

URNM SPROTT FDS TR 0.3%

Value ($000) $2,178 Shares 39,686 Est. Cost $43.74 Unrealized —

UEC URANIUM ENERGY CORP 0.2%

Value ($000) $1,172 Shares 100,301 Est. Cost $4.69 Unrealized +180.1%

ATEX ANTERIX INC 1.1%

Value ($000) $8,675 Shares 397,395 Est. Cost $35.15 Unrealized -40.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TLN	TALEN ENERGY CORP	64,537	$24,191	3.2%	$138.87	+179.9%	COM	87422Q109
CCOI	COGENT COMMUNICATIONS HLDGS	100,000	$2,156	0.3%	—	—	CALL	19239V302
GLNG	GOLAR LNG LTD	384,504	$14,307	1.9%	$31.30	+21.7%	SHS	G9456A100
CCJ	CAMECO CORP	75,694	$6,925	0.9%	$33.15	+171.3%	COM	13321L108
URNM	SPROTT FDS TR	39,686	$2,178	0.3%	$43.74	—	URANIUM MINERS E	85208P303
UEC	URANIUM ENERGY CORP	100,301	$1,172	0.2%	$4.69	+180.1%	COM	916896103
ATEX	ANTERIX INC	397,395	$8,675	1.1%	$35.15	-40.9%	COM	03676C100