Harspring Capital Management, LLC Diversified Active

CIK: 0001652327 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $269,610 (100.0% shares, 0.0% debt)

Holdings (14)

Increased Positions (2)

CCOI Cogent Communications Holdings, Inc. 11.2%

Value ($000) $30,238 (-9.9%) Shares 1,402,500 (+60.3%) Est. Cost $45.92 Unrealized -35.8%

DIBS 1stdibs.Com, Inc. 1.5%

Value ($000) $3,953 (+150.2%) Shares 660,000 (+8.2%) Est. Cost $4.52 Unrealized -0.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCOI	Cogent Communications Holdings, Inc.	1,402,500 (+60.3%)	$30,238 (-9.9%)	11.2%	$45.92	-35.8%	COM NEW	19239V302
DIBS	1stdibs.Com, Inc.	660,000 (+8.2%)	$3,953 (+150.2%)	1.5%	$4.52	-0.3%	COM	320551104

Exited Positions (1)

THRY THRYV HLDGS INC 1.3%

Value ($000) $3,618 Shares 300,000 Est. Cost $18.98 Unrealized -58.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
THRY	THRYV HLDGS INC	300,000	$3,618	1.3%	$18.98	-58.3%	—	886029206

Decreased Positions (2)

IAC IAC Inc. 4.6%

Value ($000) $12,317 (-26.2%) Shares 315,000 (-35.7%) Est. Cost $96.07 Unrealized -63.5%

NWSA News Corporation 5.8%

Value ($000) $15,711 (-17.7%) Shares 601,500 (-3.2%) Est. Cost $17.41 Unrealized +50.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IAC	IAC Inc.	315,000 (-35.7%)	$12,317 (-26.2%)	4.6%	$96.07	-63.5%	COM NEW	44891N208
NWSA	News Corporation	601,500 (-3.2%)	$15,711 (-17.7%)	5.8%	$17.41	+50.7%	CL A	65249B109

Unchanged Positions (10)

ENVA Enova International, Inc. 13.1%

Value ($000) $35,449 Shares 225,500 Est. Cost $33.35 Unrealized +290.3%

GOOG Alphabet Inc. 7.9%

Value ($000) $21,229 Shares 67,650 Est. Cost $110.10 Unrealized +160.1%

DAR Darling Ingredients Inc. 12.2%

Value ($000) $32,940 Shares 915,000 Est. Cost $32.95 Unrealized +2.7%

META Meta Platforms, Inc. 10.9%

Value ($000) $29,374 Shares 44,500 Est. Cost $258.11 Unrealized +158.5%

LC LendingClub Corporation 6.0%

Value ($000) $16,288 Shares 860,000 Est. Cost $14.34 Unrealized +23.2%

TPB Turning Point Brands, Inc. 7.3%

Value ($000) $19,675 Shares 181,500 Est. Cost $24.98 Unrealized +291.4%

AMZN Amazon.com, Inc. 10.6%

Value ($000) $28,668 Shares 124,200 Est. Cost $126.05 Unrealized +81.5%

UHAL/B U-Haul Holding Company 3.2%

Value ($000) $8,647 Shares 185,000 Est. Cost $57.91 Unrealized -15.9%

LGIH LGI Homes, Inc. 1.1%

Value ($000) $2,986 Shares 69,500 Est. Cost $97.79 Unrealized -52.0%

RUSHA Rush Enterprises, Inc. 4.5%

Value ($000) $12,137 Shares 225,000 Est. Cost $36.68 Unrealized +41.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ENVA	Enova International, Inc.	225,500	$35,449	13.1%	$33.35	+290.3%	COM	29357K103
GOOG	Alphabet Inc.	67,650	$21,229	7.9%	$110.10	+160.1%	CAP STK CL C	02079K107
DAR	Darling Ingredients Inc.	915,000	$32,940	12.2%	$32.95	+2.7%	COM	237266101
META	Meta Platforms, Inc.	44,500	$29,374	10.9%	$258.11	+158.5%	CL A	30303M102
LC	LendingClub Corporation	860,000	$16,288	6.0%	$14.34	+23.2%	COM NEW	52603A208
TPB	Turning Point Brands, Inc.	181,500	$19,675	7.3%	$24.98	+291.4%	COM	90041L105
AMZN	Amazon.com, Inc.	124,200	$28,668	10.6%	$126.05	+81.5%	COM	023135106
UHAL/B	U-Haul Holding Company	185,000	$8,647	3.2%	$57.91	-15.9%	COM SER N	023586506
LGIH	LGI Homes, Inc.	69,500	$2,986	1.1%	$97.79	-52.0%	COM	50187T106
RUSHA	Rush Enterprises, Inc.	225,000	$12,137	4.5%	$36.68	+41.7%	CL A	781846209