Q2 2026 13F · SEC CIK 1399386
Bandera Partners LLC
Hedge fundFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $283.9M
- Reported positions
- 19
- Top holdings a year, 3 yrs
- +4.2%
- Assets under management
- $244.1M
Bandera Partners LLC is a hedge fund that reported 19 positions worth $283.9M in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Star Group L.P. (SGU, 12.4%), Joint Corp (JYNT, 12.2%), Space Exploration Techn Corp (SPCX, 12.0%). A portfolio copying its top holdings returned 4.2% a year over the last 3 years, against 20.4% for the S&P 500.
Bandera Partners LLC holdings all 19 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 |
|---|---|---|---|
| SGUStar Group L.P. | 12.4% | +0.0% | $35.3M |
| JYNTJoint Corp | 12.2% | +0.0% | $34.6M |
| SPCXSpace Exploration Techn Corp | 12.0% | — | $34.0M |
| GOOGLAlphabet Inc | 11.2% | +0.0% | $31.9M |
| AMKRAmkor Technology Inc | 11.0% | +0.0% | $31.2M |
| SKYWSkywest Inc | 6.3% | +0.0% | $17.8M |
| MOHMolina Healthcare Inc | 4.9% | +0.0% | $14.0M |
| PARPar Technology Corp | 4.3% | +0.0% | $12.2M |
| AMRCAmeresco Inc | 4.3% | +0.0% | $12.1M |
| RRGBRed Robin Gourmet Burgers in | 3.8% | +0.0% | $10.8M |
| PWFLPowerfleet Inc | 3.2% | +0.0% | $9.1M |
| BURBurford Capital Limited | 2.5% | +0.0% | $7.2M |
| TLFTandy Leather Factory Inc | 2.3% | +0.0% | $6.7M |
| NNINelnet Inc | 2.1% | +0.0% | $6.1M |
| EATBrinker International | 2.0% | +0.0% | $5.5M |
| INTUIntuit | 1.7% | +0.0% | $4.7M |
| SNAPSnap Inc | 1.4% | — | $3.9M |
| BTMDBiote Corp | 1.4% | +0.0% | $3.9M |
| HQIHirequest Inc | 1.0% | +0.0% | $3.0M |
What Bandera Partners LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- SPCX Space Exploration Techn Corp12.0% of 13F
- SNAP Snap Inc1.4% of 13F
Added to
No position grew by more than 5%.
Reduced
No position shrank by more than 5%.
Sold out
Nothing sold out.
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
- +7.5% /yr
- S&P 500 +20.1%
- 3 years
- +4.2% /yr
- S&P 500 +20.4%
- 5 years
- +0.2% /yr
- S&P 500 +11.6%
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 | $283.9M | 19 |
| Q1 2026 | $221.1M | 17 |
| Q4 2025 | $222.5M | 13 |
| Q3 2025 | $228.1M | 13 |
| Q2 2025 | $221.9M | 14 |
| Q1 2025 | $277.9M | 18 |
| Q4 2024 | $262.7M | 18 |
| Q3 2024 | $264.9M | 18 |
| Q2 2024 | $275.9M | 19 |
| Q1 2024 | $256.6M | 19 |
| Q4 2023 | $301.9M | 19 |
| Q3 2023 | $277.0M | 18 |
Questions about Bandera Partners LLC's portfolio
What stocks does Bandera Partners LLC own?
Bandera Partners LLC's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 19 positions worth $283.9M. The largest are Star Group L.P. (SGU) at 12.4%, Joint Corp (JYNT) at 12.2%, Space Exploration Techn Corp (SPCX) at 12.0%, Alphabet Inc (GOOGL) at 11.2% and Amkor Technology Inc (AMKR) at 11.0%.
What did Bandera Partners LLC buy last quarter?
In Q2 2026, Bandera Partners LLC added a new position in Space Exploration Techn Corp (SPCX) and a new position in Snap Inc (SNAP), compared with its Q1 2026 filing.
What did Bandera Partners LLC sell last quarter?
Bandera Partners LLC sold out of nothing and cut no large position by more than 5% in Q2 2026.
How has Bandera Partners LLC's portfolio performed?
A portfolio copying Bandera Partners LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +4.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +7.5% against +20.1%. Over 5 years: +0.2% a year against +11.6%.
When is Bandera Partners LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Bandera Partners 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 Bandera Partners LLC manage?
Bandera Partners LLC reported $244.1M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $283.9M.