325 CAPITAL LLC Long-Term Concentrated

CIK: 0001873893 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $285,411 (100.0% shares, 0.0% debt)

Holdings (13)

New Positions (1)

DBD DIEBOLD NIXDORF INC 4.6%

Value ($000) $13,130 Shares 193,401 Est. Cost $62.47 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DBD	DIEBOLD NIXDORF INC	193,401	$13,130	4.6%	$62.47	0.0%	COM SHS	253651202

Increased Positions (4)

MGNI MAGNITE INC 11.4%

Value ($000) $32,547 (+129.9%) Shares 2,005,387 (+208.5%) Est. Cost $18.87 Unrealized -12.0%

ASTH ASTRANA HEALTH INC 16.0%

Value ($000) $45,627 (+34.8%) Shares 1,839,076 (+54.0%) Est. Cost $34.66 Unrealized -23.4%

MSAI MULTISENSOR AI HOLDINGS INC 2.7%

Value ($000) $7,629 (+26.2%) Shares 26,489,912 (+182.6%) Est. Cost $1.13 Unrealized -35.5%

AIOT POWERFLEET INC 7.2%

Value ($000) $20,415 (+6.8%) Shares 3,837,410 (+5.2%) Est. Cost $5.96 Unrealized -14.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MGNI	MAGNITE INC	2,005,387 (+208.5%)	$32,547 (+129.9%)	11.4%	$18.87	-12.0%	COM	55955D100
ASTH	ASTRANA HEALTH INC	1,839,076 (+54.0%)	$45,627 (+34.8%)	16.0%	$34.66	-23.4%	COM NEW	03763A207
MSAI	MULTISENSOR AI HOLDINGS INC	26,489,912 (+182.6%)	$7,629 (+26.2%)	2.7%	$1.13	-35.5%	COM	456948108
AIOT	POWERFLEET INC	3,837,410 (+5.2%)	$20,415 (+6.8%)	7.2%	$5.96	-14.1%	COM	73931J109

Decreased Positions (2)

ATRO ASTRONICS CORP 1.3%

Value ($000) $3,797 (-93.9%) Shares 70,000 (-94.9%) Est. Cost $12.68 Unrealized +296.8%

BLBD BLUE BIRD CORP 11.2%

Value ($000) $31,952 (-28.2%) Shares 679,826 (-12.1%) Est. Cost $18.17 Unrealized +187.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ATRO	ASTRONICS CORP	70,000 (-94.9%)	$3,797 (-93.9%)	1.3%	$12.68	+296.8%	COM	046433108
BLBD	BLUE BIRD CORP	679,826 (-12.1%)	$31,952 (-28.2%)	11.2%	$18.17	+187.8%	COM	095306106

Unchanged Positions (6)

MPAA MOTORCAR PTS AMER INC 8.7%

Value ($000) $24,912 Shares 2,018,795 Est. Cost $12.35 Unrealized +16.6%

SPIR SPIRE GLOBAL INC 4.9%

Value ($000) $14,063 Shares 1,875,000 Est. Cost $13.24 Unrealized -26.1%

APEI AMERICAN PUB ED INC 20.2%

Value ($000) $57,777 Shares 1,528,503 Est. Cost $17.85 Unrealized +100.5%

BTMD BIOTE CORP 4.1%

Value ($000) $11,825 Shares 4,548,127 Est. Cost $5.43 Unrealized -49.7%

LFCR LIFECORE BIOMEDICAL INC 6.2%

Value ($000) $17,689 Shares 2,162,466 Est. Cost $6.73 Unrealized +9.9%

TACT TRANSACT TECHNOLOGIES INC 1.4%

Value ($000) $4,047 Shares 1,011,789 Est. Cost $12.06 Unrealized -62.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MPAA	MOTORCAR PTS AMER INC	2,018,795	$24,912	8.7%	$12.35	+16.6%	COM	620071100
SPIR	SPIRE GLOBAL INC	1,875,000	$14,063	4.9%	$13.24	-26.1%	COM CL A NEW	848560306
APEI	AMERICAN PUB ED INC	1,528,503	$57,777	20.2%	$17.85	+100.5%	COM	02913V103
BTMD	BIOTE CORP	4,548,127	$11,825	4.1%	$5.43	-49.7%	CLASS A COM	090683103
LFCR	LIFECORE BIOMEDICAL INC	2,162,466	$17,689	6.2%	$6.73	+9.9%	COM	514766104
TACT	TRANSACT TECHNOLOGIES INC	1,011,789	$4,047	1.4%	$12.06	-62.5%	COM	892918103