Q2 2026 13F · SEC CIK 1873893
325 Capital LLC
Institutional asset managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $419.5M
- Reported positions
- 12
- Top holdings a year, 3 yrs
- +37.7%
- Assets under management
- $337.8M
325 Capital LLC is an institutional asset manager that reported 12 positions worth $419.5M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Astrana Health Inc (ASTH, 17.9%), Magnite Inc (MGNI, 15.4%), American Pub Ed Inc (APEI, 15.2%). A portfolio copying its top holdings returned 37.7% a year over the last 3 years, against 20.4% for the S&P 500.
325 Capital LLC holdings all 12 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| ASTHAstrana Health Inc | 17.9% | -12.2% | $74.9M |
| MGNIMagnite Inc | 15.4% | +70.2% | $64.8M |
| APEIAmerican Pub Ed Inc | 15.2% | +0.0% | $63.6M |
| BLBDBlue Bird Corp | 13.4% | +4.6% | $56.2M |
| SPIRSpire Global Inc | 13.2% | +58.2% | $55.2M |
| MPAAMotorcar Pts Amer Inc | 7.4% | +0.0% | $30.9M |
| DBDDiebold Nixdorf Inc | 4.9% | +0.0% | $20.6M |
| PWFLPowerfleet Inc | 4.8% | +37.7% | $20.2M |
| LNDCLifecore Biomedical Inc | 3.6% | +33.9% | $15.2M |
| BTMDBiote Corp | 2.0% | +0.0% | $8.6M |
| TACTTransact Technologies Inc | 1.4% | +0.0% | $5.9M |
| MSAIMultisensor Ai Holdings Inc | 0.8% | — | $3.5M |
What 325 Capital LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- MSAI Multisensor Ai Holdings Inc0.8% of 13F
Added to
- MGNI Magnite Inc+70.2% shares
- SPIR Spire Global Inc+58.2% shares
- PWFL Powerfleet Inc+37.7% shares
- LNDC Lifecore Biomedical Inc+33.9% shares
Reduced
- ASTH Astrana Health Inc-12.2% shares
Sold out
- MSAI Multisensor Ai Holdings Incwas 2.2%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +56.1% /yr
- S&P 500 +20.1%
- 3 years
- +37.7% /yr
- S&P 500 +20.4%
- 5 years
- +22.8% /yr
- S&P 500 +13.0%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $419.5M | 12 |
| Q1 2026 | $274.5M | 12 |
| Q4 2025 | $285.4M | 13 |
| Q3 2025 | $329.1M | 12 |
| Q2 2025 | $253.3M | 11 |
| Q1 2025 | $241.4M | 11 |
| Q4 2024 | $258.7M | 12 |
| Q3 2024 | $236.2M | 11 |
| Q2 2024 | $238.1M | 13 |
| Q1 2024 | $216.6M | 12 |
| Q4 2023 | $201.8M | 13 |
| Q3 2023 | $121.2M | 8 |
Questions about 325 Capital LLC's portfolio
What stocks does 325 Capital LLC own?
325 Capital LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 12 positions worth $419.5M. The largest are Astrana Health Inc (ASTH) at 17.9%, Magnite Inc (MGNI) at 15.4%, American Pub Ed Inc (APEI) at 15.2%, Blue Bird Corp (BLBD) at 13.4% and Spire Global Inc (SPIR) at 13.2%.
What did 325 Capital LLC buy last quarter?
In Q2 2026, 325 Capital LLC added a new position in Multisensor Ai Holdings Inc (MSAI), Magnite Inc (MGNI) (+70.2% shares), Spire Global Inc (SPIR) (+58.2% shares) and Powerfleet Inc (PWFL) (+37.7% shares), compared with its Q1 2026 filing.
What did 325 Capital LLC sell last quarter?
In Q2 2026, 325 Capital LLC sold all of Multisensor Ai Holdings Inc (MSAI) and Astrana Health Inc (ASTH) (-12.2% shares), compared with its Q1 2026 filing.
How has 325 Capital LLC's portfolio performed?
A portfolio copying 325 Capital LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +37.7% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +56.1% against +20.1%. Over 5 years: +22.8% a year against +13.0%.
When is 325 Capital LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. 325 Capital LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does 325 Capital LLC manage?
325 Capital LLC reported $337.8M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $419.5M.