Bandera Partners LLC
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Nov 2026 | $244,104,385 | Pooled investment vehicles (100%) |
| Apr 2025 to Mar 2026 | $363,722,060 | Pooled investment vehicles (100%) |
| Apr 2024 to Mar 2025 | $371,732,193 | Pooled investment vehicles (100%) |
| May 2023 to Mar 2024 | $359,973,750 | Pooled investment vehicles (100%) |
| Apr 2023 | $359,973,750 | Pooled investment vehicles (100%) |
| Apr 2022 to Mar 2023 | $338,422,530 | Pooled investment vehicles (100%) |
Schedule 13D/13G stakes
Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.
| Company | Schedule | Event date | Filed | Shares | % of class | Status |
|---|---|---|---|---|---|---|
| BTMD biote Corp. | 13G/A | Mar 31, 2026 | 6mo | 2,065,482 | 6.4% | Current |
| JYNT JOINT Corp | 13D/A not restated by this amendment, the earlier 13D's purpose stands | Mar 13, 2026 | 8mo | 3,937,296 | 27.9% | Current |
| RRGB Red Robin Gourmet Burgers Inc | 13G | Jun 30, 2025 | 1y | 1,350,000 | 7.6% | Current |
| SGU Star Group, L.P. | 13G/A | Jun 30, 2025 | 12mo | 2,951,843 | 8.7% | Current |
| IVFH Innovative Food Holdings Inc | 13D/A | Dec 4, 2024 | 1y | 6,193,349 | 11.6% | Current |
A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 1 exited, below-5% or retired stake
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 93.4%; sector active share 31.6% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
19 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 27.4% | $85,815,923 |
| Industrials | 21.6% | $67,899,095 |
| Healthcare | 16.7% | $52,423,918 |
| Communication Services | 11.4% | $35,828,203 |
| Energy | 11.2% | $35,250,422 |
| Consumer Cyclical | 7.3% | $22,989,490 |
| Financial Services | 4.3% | $13,490,433 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedTrimmed
Positions the filer reducedSold Out
Positions the filer fully exited| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AMKR |
Amkor Technology, Inc.
Technology
|
Held | 693,519 | $59,802,143 | 19.06% | |
| SGU |
Star Group, L.P.
Energy
|
Held | 2,745,360 | $35,250,422 | 11.24% | |
| JYNT |
JOINT Corp
Healthcare
|
Held | 3,937,296 | $34,569,458 | 11.02% | |
| SPCX |
Space Exploration Technologies Corp
Industrials
|
NEW | 198,920 | $33,987,471 | 10.83% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Held | 89,322 | $31,921,003 | 10.18% | |
| SKYW |
Skywest Inc
Industrials
|
Held | 179,107 | $17,790,698 | 5.67% | |
| MOH |
Molina Healthcare, Inc.
Healthcare
|
Held | 61,000 | $13,950,700 | 4.45% | |
| AMRC |
Ameresco, Inc.
Industrials
|
Held | 476,309 | $13,146,128 | 4.19% | |
| PAR |
Par Technology Corp
Technology
|
Held | 700,000 | $12,194,000 | 3.89% | |
| RRGB |
Red Robin Gourmet Burgers Inc
Consumer Cyclical
|
Held | 1,350,000 | $10,786,500 | 3.44% | |
| AIOT |
Powerfleet, Inc.
Technology
|
Held | 2,381,666 | $9,121,780 | 2.91% | |
| BUR |
Burford Capital Ltd
Financial Services
|
Held | 1,756,762 | $7,202,724 | 2.30% | |
| TLF |
Tandy Leather Factory Inc
Consumer Cyclical
|
Held | 2,857,936 | $6,658,990 | 2.12% | |
| NNI |
Nelnet Inc
Financial Services
|
Held | 47,159 | $6,287,709 | 2.00% | |
| EAT |
Brinker International, Inc
Consumer Cyclical
|
Held | 33,000 | $5,544,000 | 1.77% | |
| INTU |
Intuit Inc.
Technology
|
Held | 18,000 | $4,698,000 | 1.50% | |
| SNAP |
Snap Inc
Communication Services
|
NEW | 880,000 | $3,907,200 | 1.25% | |
| BTMD |
biote Corp.
Healthcare
|
Held | 2,065,482 | $3,903,760 | 1.24% | |
| HQI |
HireQuest, Inc.
Industrials
|
Held | 236,847 | $2,974,798 | 0.95% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.