JCP Investment Management, LLC Quant / Systematic

CIK: 0001461945 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 18, 2026

Total Value ($000): $126,553 (100.0% shares, 0.0% debt)

Holdings (18)

New Positions (3)

FG F&G ANNUITIES & LIFE INC 0.5%

Value ($000) $632 Shares 20,489 Est. Cost $31.09 Unrealized 0.0%

PRSU PURSUIT ATTRACTIONS AND HOSP 0.4%

Value ($000) $505 Shares 15,000 Est. Cost $34.92 Unrealized 0.0%

KRSP/U RICE ACQUISITION CORP 3 0.1%

Value ($000) $105 Shares 10,000 Est. Cost $10.50 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FG	F&G ANNUITIES & LIFE INC	20,489	$632	0.5%	$31.09	0.0%	COMMON STOCK	30190A104
PRSU	PURSUIT ATTRACTIONS AND HOSP	15,000	$505	0.4%	$34.92	0.0%	COM	92552R406
KRSP/U	RICE ACQUISITION CORP 3	10,000	$105	0.1%	$10.50	—	UNIT 99/99/9999	G7553X122

Increased Positions (5)

HHH HOWARD HUGHES HOLDINGS INC 11.4%

Value ($000) $14,446 (+1658.1%) Shares 181,100 (+1711.0%) Est. Cost $82.35 Unrealized +0.6%

FCRS/U FUTURECREST ACQUISITION CORP 2.7%

Value ($000) $3,386 (+239.3%) Shares 330,677 (+230.7%) Est. Cost $10.16 Unrealized —

HE HAWAIIAN ELEC INDUSTRIES 4.1%

Value ($000) $5,228 (+31.5%) Shares 425,000 (+18.1%) Est. Cost $11.42 Unrealized +1.5%

SPY SPDR S&P 500 ETF TR 18.9%

Value ($000) $23,864 (+3.7%) Shares 34,995 (+1.3%) Est. Cost $554.40 Unrealized —

NATL NCR ATLEOS CORPORATION 8.7%

Value ($000) $10,999 (+7.6%) Shares 288,602 (+11.0%) Est. Cost $35.07 Unrealized +7.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HHH	HOWARD HUGHES HOLDINGS INC	181,100 (+1711.0%)	$14,446 (+1658.1%)	11.4%	$82.35	+0.6%	COM	44267T102
FCRS/U	FUTURECREST ACQUISITION CORP	330,677 (+230.7%)	$3,386 (+239.3%)	2.7%	$10.16	—	UNIT 99/99/9999	G3730U123
HE	HAWAIIAN ELEC INDUSTRIES	425,000 (+18.1%)	$5,228 (+31.5%)	4.1%	$11.42	+1.5%	COM	419870100
SPY	SPDR S&P 500 ETF TR	34,995 (+1.3%)	$23,864 (+3.7%)	18.9%	$554.40	—	TR UNIT	78462F103
NATL	NCR ATLEOS CORPORATION	288,602 (+11.0%)	$10,999 (+7.6%)	8.7%	$35.07	+7.0%	COM SHS	63001N106

Exited Positions (3)

MUSA MURPHY USA INC 8.6%

Value ($000) $10,827 Shares 27,886 Est. Cost $394.84 Unrealized -2.9%

— DENNYS CORP 3.4%

Value ($000) $4,338 Shares 829,491 Est. Cost $5.23 Unrealized —

DG DOLLAR GEN CORP NEW 1.6%

Value ($000) $2,060 Shares 19,935 Est. Cost $98.12 Unrealized +13.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MUSA	MURPHY USA INC	27,886	$10,827	8.6%	$394.84	-2.9%	—	626755102
—	DENNYS CORP	829,491	$4,338	3.4%	$5.23	—	—	24869P104
DG	DOLLAR GEN CORP NEW	19,935	$2,060	1.6%	$98.12	+13.6%	—	256677105

Decreased Positions (6)

GNRC GENERAC HLDGS INC 2.4%

Value ($000) $3,000 (-85.8%) Shares 22,000 (-82.6%) Est. Cost $132.43 Unrealized +21.8%

FNF FIDELITY NATIONAL FINANCIAL 14.7%

Value ($000) $18,644 (-11.0%) Shares 341,527 (-1.4%) Est. Cost $55.59 Unrealized -1.5%

UNFI UNITED NAT FOODS INC 12.3%

Value ($000) $15,599 (-11.8%) Shares 463,300 (-1.5%) Est. Cost $39.45 Unrealized -5.8%

KR KROGER CO 0.8%

Value ($000) $956 (-46.1%) Shares 15,293 (-41.9%) Est. Cost $69.08 Unrealized -5.6%

KMI KINDER MORGAN INC DEL 6.1%

Value ($000) $7,676 (-5.7%) Shares 279,239 (-2.9%) Est. Cost $26.97 Unrealized -0.2%

FARM FARMER BROS CO 1.1%

Value ($000) $1,430 (-15.8%) Shares 979,650 (-1.3%) Est. Cost $6.85 Unrealized -76.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GNRC	GENERAC HLDGS INC	22,000 (-82.6%)	$3,000 (-85.8%)	2.4%	$132.43	+21.8%	COM	368736104
FNF	FIDELITY NATIONAL FINANCIAL	341,527 (-1.4%)	$18,644 (-11.0%)	14.7%	$55.59	-1.5%	COM SHS	31620R303
UNFI	UNITED NAT FOODS INC	463,300 (-1.5%)	$15,599 (-11.8%)	12.3%	$39.45	-5.8%	COM	911163103
KR	KROGER CO	15,293 (-41.9%)	$956 (-46.1%)	0.8%	$69.08	-5.6%	COM	501044101
KMI	KINDER MORGAN INC DEL	279,239 (-2.9%)	$7,676 (-5.7%)	6.1%	$26.97	-0.2%	COM	49456B101
FARM	FARMER BROS CO	979,650 (-1.3%)	$1,430 (-15.8%)	1.1%	$6.85	-76.5%	COM	307675108

Unchanged Positions (4)

RRGB RED ROBIN GOURMET BURGERS IN 6.0%

Value ($000) $7,579 Shares 1,871,235 Est. Cost $5.28 Unrealized -5.1%

BJRI BJS RESTAURANTS INC 3.9%

Value ($000) $4,925 Shares 125,000 Est. Cost $39.46 Unrealized -10.0%

JYNT JOINT CORP 4.1%

Value ($000) $5,179 Shares 593,906 Est. Cost $10.73 Unrealized -20.9%

TLF TANDY LEATHER FACTORY INC 1.9%

Value ($000) $2,400 Shares 876,059 Est. Cost $4.68 Unrealized -39.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RRGB	RED ROBIN GOURMET BURGERS IN	1,871,235	$7,579	6.0%	$5.28	-5.1%	COM	75689M101
BJRI	BJS RESTAURANTS INC	125,000	$4,925	3.9%	$39.46	-10.0%	COM	09180C106
JYNT	JOINT CORP	593,906	$5,179	4.1%	$10.73	-20.9%	COM	47973J102
TLF	TANDY LEATHER FACTORY INC	876,059	$2,400	1.9%	$4.68	-39.3%	COM	87538X105