Whitebark Investors LP Diversified Active

CIK: 0002042091 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $165,997 (100.0% shares, 0.0% debt)

Holdings (9)

New Positions (1)

SHEN SHENANDOAH TELECOMMUNICATION 2.9%

Value ($000) $4,891 Shares 423,063 Est. Cost $11.83 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SHEN	SHENANDOAH TELECOMMUNICATION	423,063	$4,891	2.9%	$11.83	0.0%	COM	82312B106

Increased Positions (4)

GLBE GLOBAL E ONLINE LTD 14.1%

Value ($000) $23,406 (+45.4%) Shares 595,432 (+32.3%) Est. Cost $36.07 Unrealized +2.8%

GO GROCERY OUTLET HLDG CORP 9.9%

Value ($000) $16,355 (+56.8%) Shares 1,619,274 (+149.1%) Est. Cost $13.47 Unrealized -6.6%

KLAR KLARNA GROUP PLC 4.7%

Value ($000) $7,730 (+251.5%) Shares 267,378 (+345.6%) Est. Cost $36.19 Unrealized -5.1%

CPNG COUPANG INC 14.9%

Value ($000) $24,793 (-16.5%) Shares 1,050,996 (+13.9%) Est. Cost $25.20 Unrealized +12.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLBE	GLOBAL E ONLINE LTD	595,432 (+32.3%)	$23,406 (+45.4%)	14.1%	$36.07	+2.8%	SHS	M5216V106
GO	GROCERY OUTLET HLDG CORP	1,619,274 (+149.1%)	$16,355 (+56.8%)	9.9%	$13.47	-6.6%	COM	39874R101
KLAR	KLARNA GROUP PLC	267,378 (+345.6%)	$7,730 (+251.5%)	4.7%	$36.19	-5.1%	SHS	G5279N105
CPNG	COUPANG INC	1,050,996 (+13.9%)	$24,793 (-16.5%)	14.9%	$25.20	+12.9%	CL A	22266T109

Exited Positions (2)

TDS TELEPHONE & DATA SYS INC 17.2%

Value ($000) $28,614 Shares 729,194 Est. Cost $35.84 Unrealized +8.7%

TMO THERMO FISHER SCIENTIFIC INC 4.6%

Value ($000) $7,663 Shares 15,800 Est. Cost $464.78 Unrealized +21.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TDS	TELEPHONE & DATA SYS INC	729,194	$28,614	17.2%	$35.84	+8.7%	—	879433829
TMO	THERMO FISHER SCIENTIFIC INC	15,800	$7,663	4.6%	$464.78	+21.6%	—	883556102

Decreased Positions (4)

MSFT MICROSOFT CORP 14.8%

Value ($000) $24,596 (-28.2%) Shares 50,859 (-23.1%) Est. Cost $422.35 Unrealized +18.5%

FLUT FLUTTER ENTMT PLC 17.5%

Value ($000) $28,980 (-18.4%) Shares 134,766 (-3.6%) Est. Cost $252.46 Unrealized -10.9%

GSHD GOOSEHEAD INS INC 11.9%

Value ($000) $19,836 (-21.4%) Shares 269,322 (-20.6%) Est. Cost $109.18 Unrealized -34.7%

BLND BLEND LABS INC 9.3%

Value ($000) $15,411 (-24.1%) Shares 5,069,258 (-8.9%) Est. Cost $3.93 Unrealized -18.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	50,859 (-23.1%)	$24,596 (-28.2%)	14.8%	$422.35	+18.5%	COM	594918104
FLUT	FLUTTER ENTMT PLC	134,766 (-3.6%)	$28,980 (-18.4%)	17.5%	$252.46	-10.9%	SHS	G3643J108
GSHD	GOOSEHEAD INS INC	269,322 (-20.6%)	$19,836 (-21.4%)	11.9%	$109.18	-34.7%	COM CL A	38267D109
BLND	BLEND LABS INC	5,069,258 (-8.9%)	$15,411 (-24.1%)	9.3%	$3.93	-18.8%	CL A	09352U108