Anabranch Capital Management, LP Concentrated Active

CIK: 0001822480 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $148,798 (100.0% shares, 0.0% debt)

Holdings (5)

Increased Positions (1)

GWRE GUIDEWIRE SOFTWARE INC 16.8%

Value ($000) $25,055 (+229.4%) Shares 124,645 (+276.7%) Est. Cost $191.10 Unrealized +15.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GWRE	GUIDEWIRE SOFTWARE INC	124,645 (+276.7%)	$25,055 (+229.4%)	16.8%	$191.10	+15.7%	COM	40171V100

Exited Positions (1)

— LIBERTY MEDIA CORP DEL 12.3%

Value ($000) $18,315 Shares 188,869 Est. Cost $68.12 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	LIBERTY MEDIA CORP DEL	188,869	$18,315	12.3%	$68.12	—	—	531229722

Decreased Positions (3)

CVNA CARVANA CO 23.3%

Value ($000) $34,617 (-16.9%) Shares 82,028 (-25.7%) Est. Cost $158.77 Unrealized +134.1%

HLT HILTON WORLDWIDE HLDGS INC 17.0%

Value ($000) $25,256 (-6.6%) Shares 87,922 (-15.6%) Est. Cost $199.59 Unrealized +36.4%

SGI SOMNIGROUP INTERNATIONAL INC 18.3%

Value ($000) $27,226 (-2.5%) Shares 304,956 (-7.9%) Est. Cost $49.60 Unrealized +76.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVNA	CARVANA CO	82,028 (-25.7%)	$34,617 (-16.9%)	23.3%	$158.77	+134.1%	CL A	146869102
HLT	HILTON WORLDWIDE HLDGS INC	87,922 (-15.6%)	$25,256 (-6.6%)	17.0%	$199.59	+36.4%	COM	43300A203
SGI	SOMNIGROUP INTERNATIONAL INC	304,956 (-7.9%)	$27,226 (-2.5%)	18.3%	$49.60	+76.1%	COM	88023U101

Unchanged Positions (1)

TDG TRANSDIGM GROUP INC 24.6%

Value ($000) $36,644 Shares 27,555 Est. Cost $666.24 Unrealized +96.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TDG	TRANSDIGM GROUP INC	27,555	$36,644	24.6%	$666.24	+96.7%	COM	893641100