GOBI CAPITAL LLC Long-Term Concentrated

CIK: 0001698060 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $2,062,257 (100.0% shares, 0.0% debt)

Holdings (13)

New Positions (2)

WBD WARNER BROS DISCOVERY INC 2.8%

Value ($000) $58,594 Shares 2,033,100 Est. Cost — Unrealized —

JACK JACK IN THE BOX INC 0.1%

Value ($000) $1,466 Shares 77,387 Est. Cost $18.08 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WBD	WARNER BROS DISCOVERY INC	2,033,100	$58,594	2.8%	—	—	CALL	934423104
JACK	JACK IN THE BOX INC	77,387	$1,466	0.1%	$18.08	0.0%	COM	466367109

Increased Positions (2)

BRO BROWN & BROWN INC 5.5%

Value ($000) $113,866 (+10.8%) Shares 1,428,677 (+30.3%) Est. Cost $95.49 Unrealized -12.7%

NFLX NETFLIX INC 7.1%

Value ($000) $146,710 (-4.6%) Shares 1,564,743 (+1120.3%) Est. Cost $103.33 Unrealized +4.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRO	BROWN & BROWN INC	1,428,677 (+30.3%)	$113,866 (+10.8%)	5.5%	$95.49	-12.7%	COM	115236101
NFLX	NETFLIX INC	1,564,743 (+1120.3%)	$146,710 (-4.6%)	7.1%	$103.33	+4.3%	COM	64110L106

Exited Positions (1)

PLUS EPLUS INC 1.0%

Value ($000) $19,746 Shares 278,072 Est. Cost $73.11 Unrealized +12.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLUS	EPLUS INC	278,072	$19,746	1.0%	$73.11	+12.8%	—	294268107

Decreased Positions (2)

CPRT COPART INC 3.0%

Value ($000) $61,746 (-30.7%) Shares 1,577,176 (-20.4%) Est. Cost $35.74 Unrealized +16.0%

HCA HCA HEALTHCARE INC 9.1%

Value ($000) $188,644 (+4.1%) Shares 404,070 (-4.9%) Est. Cost $268.18 Unrealized +72.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CPRT	COPART INC	1,577,176 (-20.4%)	$61,746 (-30.7%)	3.0%	$35.74	+16.0%	COM	217204106
HCA	HCA HEALTHCARE INC	404,070 (-4.9%)	$188,644 (+4.1%)	9.1%	$268.18	+72.9%	COM	40412C101

Unchanged Positions (7)

GOOG ALPHABET INC 15.6%

Value ($000) $322,384 Shares 1,027,356 Est. Cost $111.43 Unrealized +157.0%

META META PLATFORMS INC 22.5%

Value ($000) $463,435 Shares 702,079 Est. Cost $205.47 Unrealized +224.8%

KARO KAROOOOO LTD 4.9%

Value ($000) $100,130 Shares 2,200,668 Est. Cost $30.31 Unrealized +54.6%

CACC CREDIT ACCEP CORP MICH 7.7%

Value ($000) $158,788 Shares 358,067 Est. Cost $428.99 Unrealized +8.1%

UNH UNITEDHEALTH GROUP INC 6.5%

Value ($000) $134,509 Shares 407,468 Est. Cost $360.16 Unrealized -6.4%

MSCI MSCI INC 7.1%

Value ($000) $147,225 Shares 256,611 Est. Cost $569.58 Unrealized -1.7%

HEI/A HEICO CORP NEW 8.0%

Value ($000) $164,757 Shares 652,683 Est. Cost $121.38 Unrealized +103.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	1,027,356	$322,384	15.6%	$111.43	+157.0%	CAP STK CL C	02079K107
META	META PLATFORMS INC	702,079	$463,435	22.5%	$205.47	+224.8%	CL A	30303M102
KARO	KAROOOOO LTD	2,200,668	$100,130	4.9%	$30.31	+54.6%	ORD SHS	Y4600W108
CACC	CREDIT ACCEP CORP MICH	358,067	$158,788	7.7%	$428.99	+8.1%	COM	225310101
UNH	UNITEDHEALTH GROUP INC	407,468	$134,509	6.5%	$360.16	-6.4%	COM	91324P102
MSCI	MSCI INC	256,611	$147,225	7.1%	$569.58	-1.7%	COM	55354G100
HEI/A	HEICO CORP NEW	652,683	$164,757	8.0%	$121.38	+103.5%	CL A	422806208