BREACH INLET CAPITAL MANAGEMENT, LLC Diversified Active

CIK: 0002009914 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $212,327 (100.0% shares, 0.0% debt)

Holdings (12)

New Positions (4)

FTDR FRONTDOOR INC 4.6%

Value ($000) $9,806 Shares 169,976 Est. Cost $58.81 Unrealized 0.0%

MCW MISTER CAR WASH INC 4.5%

Value ($000) $9,583 Shares 1,723,592 Est. Cost $5.26 Unrealized 0.0%

CARS CARS COM INC 4.2%

Value ($000) $8,899 Shares 729,439 Est. Cost $11.63 Unrealized 0.0%

BKTI BK TECHNOLOGIES CORPORATION 0.7%

Value ($000) $1,389 Shares 18,626 Est. Cost $71.66 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FTDR	FRONTDOOR INC	169,976	$9,806	4.6%	$58.81	0.0%	COM	35905A109
MCW	MISTER CAR WASH INC	1,723,592	$9,583	4.5%	$5.26	0.0%	COM	60646V105
CARS	CARS COM INC	729,439	$8,899	4.2%	$11.63	0.0%	COM	14575E105
BKTI	BK TECHNOLOGIES CORPORATION	18,626	$1,389	0.7%	$71.66	0.0%	COM NEW	05587G203

Increased Positions (7)

LRN STRIDE INC 7.6%

Value ($000) $16,059 (-52.4%) Shares 247,321 (+9.3%) Est. Cost $141.87 Unrealized -36.0%

HGV HILTON GRAND VACATIONS INC 17.8%

Value ($000) $37,834 (+15.7%) Shares 845,463 (+8.1%) Est. Cost $38.99 Unrealized +9.0%

DAKT DAKTRONICS INC 11.8%

Value ($000) $25,158 (+25.5%) Shares 1,272,552 (+32.8%) Est. Cost $13.72 Unrealized +39.3%

NATL NCR ATLEOS CORPORATION 6.6%

Value ($000) $13,983 (+30.3%) Shares 366,899 (+34.5%) Est. Cost $35.50 Unrealized +5.7%

PRG PROG HOLDINGS INC 10.6%

Value ($000) $22,496 (+11.5%) Shares 762,847 (+22.4%) Est. Cost $33.06 Unrealized -10.1%

BATRK ATLANTA BRAVES HLDGS INC 14.2%

Value ($000) $30,233 (+6.0%) Shares 766,361 (+11.7%) Est. Cost $38.31 Unrealized +3.2%

MANU MANCHESTER UTD PLC 9.2%

Value ($000) $19,474 (+8.9%) Shares 1,223,216 (+3.5%) Est. Cost $15.92 Unrealized +1.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LRN	STRIDE INC	247,321 (+9.3%)	$16,059 (-52.4%)	7.6%	$141.87	-36.0%	COM	86333M108
HGV	HILTON GRAND VACATIONS INC	845,463 (+8.1%)	$37,834 (+15.7%)	17.8%	$38.99	+9.0%	COM	43283X105
DAKT	DAKTRONICS INC	1,272,552 (+32.8%)	$25,158 (+25.5%)	11.8%	$13.72	+39.3%	COM	234264109
NATL	NCR ATLEOS CORPORATION	366,899 (+34.5%)	$13,983 (+30.3%)	6.6%	$35.50	+5.7%	COM SHS	63001N106
PRG	PROG HOLDINGS INC	762,847 (+22.4%)	$22,496 (+11.5%)	10.6%	$33.06	-10.1%	COM NPV	74319R101
BATRK	ATLANTA BRAVES HLDGS INC	766,361 (+11.7%)	$30,233 (+6.0%)	14.2%	$38.31	+3.2%	COM SER C	047726302
MANU	MANCHESTER UTD PLC	1,223,216 (+3.5%)	$19,474 (+8.9%)	9.2%	$15.92	+1.4%	NEW ORD CL A	G5784H106

Exited Positions (1)

PRKS UNITED PARKS & RESORTS INC 6.4%

Value ($000) $13,647 Shares 263,962 Est. Cost $50.41 Unrealized -17.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PRKS	UNITED PARKS & RESORTS INC	263,962	$13,647	6.4%	$50.41	-17.6%	—	81282V100

Decreased Positions (1)

BUR BURFORD CAP LTD 8.2%

Value ($000) $17,413 (-30.7%) Shares 1,952,077 (-7.1%) Est. Cost $13.36 Unrealized -26.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BUR	BURFORD CAP LTD	1,952,077 (-7.1%)	$17,413 (-30.7%)	8.2%	$13.36	-26.7%	ORD SHS	G17977110