Bandera Partners LLC

CIK

1399386

Location

Brooklyn, NY

Portfolio Value

Small $221,089,691

Diversification

Diversified

Filing Date

Global Rank

#3,961 / 8,603 ▲ 115 · as of Mar 2026

Top Industry

Medical Care Facilities 17.0%

3Y Alpha vs SPY

-18.6%

Period ended 3 months ago

Filed May 13, 2026 · 57d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+6.7%

SPY

+76.5%

Annualised alpha

-18.7%

Max drawdown

−21.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

17 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

15.8%

+0.3 pts

Top 5

64.2%

−0.4 pts

Top 10

84.7%

−9.1 pts

HHI

996

Diversified−57

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	25.2%	$55,678,531	4
Healthcare	20.7%	$45,764,769	3
Energy	15.2%	$33,713,020	1
Industrials	14.0%	$30,957,007	3
Communication Services	11.6%	$25,685,434	1
Consumer Cyclical	6.9%	$15,268,742	3
Financial Services	6.3%	$14,022,188	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
AIOT	Powerfleet, Inc.	+500,000	2,381,666	$7,335,531
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
BUR	Burford Capital Ltd	−657,698	1,756,762	$7,940,564
BTMD	biote Corp.	−218,309	2,065,482	$2,788,400
NNI	Nelnet Inc	−55,230	47,159	$6,081,624
AMRC	Ameresco, Inc.	−50,460	476,309	$12,145,879
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
PAR	Par Technology Corp	700,000	$9,331,000
MOH	Molina Healthcare, Inc.	61,000	$8,131,300
INTU	Intuit Inc.	18,000	$7,782,840
EAT	Brinker International, Inc	33,000	$4,711,410
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

17 positions · $221,089,691 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
JYNT	JOINT Corp Healthcare	Held	3,937,296	0	$34,845,069	+1.5%	15.76%
SGU	Star Group, L.P. Energy	Held	2,745,360	0	$33,713,020	+3.7%	15.25%
AMKR	Amkor Technology, Inc. Technology	Held	693,519	0	$31,229,160	+14.1%	14.13%
GOOGL	Alphabet Inc. Communication Services	Held	89,322	0	$25,685,434	−8.1%	11.62%
SKYW	Skywest Inc Industrials	Held	179,107	0	$16,447,395	−8.5%	7.44%
AMRC	Ameresco, Inc. Industrials	Reduced	476,309	-50,460	$12,145,879	−21.3%	5.49%
PAR	Par Technology Corp Technology	NEW	700,000	NEW	$9,331,000	NEW	4.22%
MOH	Molina Healthcare, Inc. Healthcare	NEW	61,000	NEW	$8,131,300	NEW	3.68%
BUR	Burford Capital Ltd Financial Services	Reduced	1,756,762	-657,698	$7,940,564	−63.1%	3.59%
INTU	Intuit Inc. Technology	NEW	18,000	NEW	$7,782,840	NEW	3.52%
AIOT	Powerfleet, Inc. Technology	Added	2,381,666	+500,000	$7,335,531	−26.7%	3.32%
TLF	Tandy Leather Factory Inc Consumer Cyclical	Held	2,857,936	0	$6,601,832	−15.7%	2.99%
NNI	Nelnet Inc Financial Services	Reduced	47,159	-55,230	$6,081,624	−55.3%	2.75%
EAT	Brinker International, Inc Consumer Cyclical	NEW	33,000	NEW	$4,711,410	NEW	2.13%
RRGB	Red Robin Gourmet Burgers Inc Consumer Cyclical	Held	1,350,000	0	$3,955,500	−27.7%	1.79%
BTMD	biote Corp. Healthcare	Reduced	2,065,482	-218,309	$2,788,400	−53.0%	1.26%
HQI	HireQuest, Inc. Industrials	Held	236,847	0	$2,363,733	−5.0%	1.07%