Karl Kapital LLC Concentrated Active

CIK: 0002058849 · Show all filings

Period: Q4 2025

Filing Date: Feb 17, 2026

Total Value ($000): $112,766 (100.0% shares, 0.0% debt)

Holdings (18)

ECPG ENCORE CAP GROUP INC 12.9%

Value ($000) $14,556 Shares 267,817 Est. Cost $48.19 Unrealized 0.0%

SKWD SKYWARD SPECIALTY INS GROUP 10.4%

Value ($000) $11,749 Shares 229,878 Est. Cost $48.06 Unrealized 0.0%

FLYW FLYWIRE CORPORATION 9.2%

Value ($000) $10,352 Shares 731,091 Est. Cost $13.69 Unrealized 0.0%

WD WALKER & DUNLOP INC 6.2%

Value ($000) $7,015 Shares 116,617 Est. Cost $70.49 Unrealized 0.0%

PGR PROGRESSIVE CORP 6.1%

Value ($000) $6,879 Shares 30,208 Est. Cost $212.34 Unrealized 0.0%

COF CAPITAL ONE FINL CORP 5.8%

Value ($000) $6,551 Shares 27,028 Est. Cost $222.19 Unrealized 0.0%

RPC P10 INC 5.8%

Value ($000) $6,508 Shares 663,446 Est. Cost $10.14 Unrealized 0.0%

TWO TWO HBRS INVT CORP 5.4%

Value ($000) $6,087 Shares 579,667 Est. Cost $10.50 Unrealized —

UMBF UMB FINL CORP 5.3%

Value ($000) $5,951 Shares 51,728 Est. Cost $113.28 Unrealized 0.0%

V VISA INC 5.1%

Value ($000) $5,738 Shares 16,360 Est. Cost $340.38 Unrealized 0.0%

INVH INVITATION HOMES INC 4.7%

Value ($000) $5,318 Shares 191,373 Est. Cost $27.64 Unrealized 0.0%

WLTH WEALTHFRONT CORP 4.6%

Value ($000) $5,197 Shares 382,414 Est. Cost $13.20 Unrealized 0.0%

SPGI S&P GLOBAL INC 4.0%

Value ($000) $4,481 Shares 8,574 Est. Cost $494.21 Unrealized 0.0%

AMG AFFILIATED MANAGERS GROUP IN 3.8%

Value ($000) $4,295 Shares 14,898 Est. Cost $258.45 Unrealized 0.0%

SEIC SEI INVTS CO 3.1%

Value ($000) $3,533 Shares 43,072 Est. Cost $81.71 Unrealized 0.0%

EFX EQUIFAX INC 3.1%

Value ($000) $3,481 Shares 16,042 Est. Cost $218.67 Unrealized 0.0%

SF STIFEL FINL CORP 2.9%

Value ($000) $3,322 Shares 26,529 Est. Cost $119.59 Unrealized 0.0%

UWMC UWM HOLDINGS CORPORATION 1.6%

Value ($000) $1,756 Shares 400,832 Est. Cost $5.38 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ECPG	ENCORE CAP GROUP INC	267,817	$14,556	12.9%	$48.19	0.0%	COM	292554102
SKWD	SKYWARD SPECIALTY INS GROUP	229,878	$11,749	10.4%	$48.06	0.0%	COM	830940102
FLYW	FLYWIRE CORPORATION	731,091	$10,352	9.2%	$13.69	0.0%	COM VTG	302492103
WD	WALKER & DUNLOP INC	116,617	$7,015	6.2%	$70.49	0.0%	COM	93148P102
PGR	PROGRESSIVE CORP	30,208	$6,879	6.1%	$212.34	0.0%	COM	743315103
COF	CAPITAL ONE FINL CORP	27,028	$6,551	5.8%	$222.19	0.0%	COM	14040H105
RPC	P10 INC	663,446	$6,508	5.8%	$10.14	0.0%	COM CL A	69376K106
TWO	TWO HBRS INVT CORP	579,667	$6,087	5.4%	$10.50	—	COM	90187B804
UMBF	UMB FINL CORP	51,728	$5,951	5.3%	$113.28	0.0%	COM	902788108
V	VISA INC	16,360	$5,738	5.1%	$340.38	0.0%	COM CL A	92826C839
INVH	INVITATION HOMES INC	191,373	$5,318	4.7%	$27.64	0.0%	COM	46187W107
WLTH	WEALTHFRONT CORP	382,414	$5,197	4.6%	$13.20	0.0%	COM	947002101
SPGI	S&P GLOBAL INC	8,574	$4,481	4.0%	$494.21	0.0%	COM	78409V104
AMG	AFFILIATED MANAGERS GROUP IN	14,898	$4,295	3.8%	$258.45	0.0%	COM	008252108
SEIC	SEI INVTS CO	43,072	$3,533	3.1%	$81.71	0.0%	COM	784117103
EFX	EQUIFAX INC	16,042	$3,481	3.1%	$218.67	0.0%	COM	294429105
SF	STIFEL FINL CORP	26,529	$3,322	2.9%	$119.59	0.0%	COM	860630102
UWMC	UWM HOLDINGS CORPORATION	400,832	$1,756	1.6%	$5.38	0.0%	COM CL A	91823B109