FIRST SABREPOINT CAPITAL MANAGEMENT LP
•CIK: 1731530•Filing: Q4 2025
**FIRST SABREPOINT CAPITAL MANAGEMENT LP** manages $259M across a concentrated portfolio of 29 positions. The fund exhibits significant conviction in its top holdings, led by a substantial allocation to TPB at $43.4M. Further notable positions include FCFS ($31.1M) and LAUR ($16.8M), suggesting a focused, high-conviction approach across its investment universe.
Total AUM
$243.2M
+ $16.0M in options
QoQ Performance
-1.8%
Positions
24
+ 5 options
Top 10 Concentration
66.7%
Latest Filing
Q4 2025
Top Holdings Allocation
TPB
FCFS
LAUR
CVCO
CVSA
TPB16.7%
FCFS12.0%
LAUR6.5%
CVCO6.2%
CVSA5.4%
MSFT4.7%
AMRIZE4.2%
AZO3.9%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other95.3%
Technology4.7%
🚪 Exited Positionssold since Q3 2025
—
CARVANA CO
SOLD
$5.7M
—
JOBY AVIATION INC
SOLD
$4.1M
—
IONQ INC
SOLD
$4.0M
+13 more exited positions
Changes from Q3 2025
NEW10 new positions
↑2 increased
↓14 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023