GARNET EQUITY CAPITAL HOLDINGS, INC.

CIK

1423876

Location

NEW YORK, NY

Portfolio Value

Small $639,853,690

Diversification

Highly concentrated

Filing Date

Global Rank

#2,288 / 8,605 ▼ 169 · as of Mar 2026

Top Industry

Utilities - Independent Power Producers 15.0%

3Y Alpha vs SPY

+10.3%

Period ended 3 months ago

Filed May 15, 2026 · 55d

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

+122.4%

SPY

+76.5%

Annualised alpha

+9.7%

Max drawdown

−20.8%

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

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

Top Position

71.1%

−0.5 pts

Top 5

82.6%

−1.9 pts

Top 10

92.0%

−1.5 pts

HHI

5,122

Highly concentrated−73

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	71.1%	$455,238,000	1
Technology	6.1%	$38,948,048	3
Communication Services	5.7%	$36,535,375	4
Industrials	5.0%	$31,732,931	2
Utilities	4.3%	$27,642,822	2
Energy	3.9%	$24,935,039	5
Healthcare	3.3%	$21,204,694	2
Basic Materials	0.6%	$3,616,781	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
NTGR	Netgear, Inc.	+98,902	620,612	$13,554,166
HNRG	Hallador Energy Co	+74,634	432,474	$7,040,676
ESTA	Establishment Labs Holdings Inc.	+65,304	264,442	$15,015,016
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
FIP	FTAI Infrastructure Inc.	−254,135	1,958,719	$9,676,071
GLNG	Golar Lng Ltd	−165,000	219,504	$11,877,361
SPY	Spdr S&P 500 ETF Trust	−100,000	700,000	$455,238,000
FTAI	FTAI Aviation Ltd.	−69,000	90,028	$22,056,860
ATEX	Anterix Inc.	−53,899	343,496	$13,118,112
AZ	A2z Cust2mate Solutions Corp.	−39,300	1,505,598	$10,042,338
NXE	NexGen Energy Ltd.	−30,000	220,000	$2,552,000
UEC	Uranium Energy Corp	−15,301	85,000	$1,147,500
CLMT	Calumet, Inc. /DE	−11,000	100,746	$3,616,781
CCJ	Cameco Corp	−100	75,594	$8,210,264
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
MTCH	Match Group, Inc.	329,704	$10,125,209
SNDA	Sonida Senior Living, Inc.	191,928	$6,189,678
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
KTOS	Kratos Defense & Security Solutions, Inc.	275,500	$20,913,205
SOC	Sable Offshore Corp.	457,891	$4,130,176
DBRG	DigitalBridge Group, Inc.	200,000	$3,068,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

20 positions · $639,853,690 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Energy Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	700,000	-100,000	$455,238,000	−16.6%	71.15%
FTAI	FTAI Aviation Ltd. Industrials	Reduced	90,028	-69,000	$22,056,860	−29.5%	3.45%
TLN	Talen Energy Corp Utilities	Held	64,537	0	$20,602,146	−14.8%	3.22%
TBCH	Turtle Beach Corp Technology	Held	1,513,959	0	$15,351,544	−27.7%	2.40%
ESTA	Establishment Labs Holdings Inc. Healthcare	Added	264,442	+65,304	$15,015,016	+3.5%	2.35%
NTGR	Netgear, Inc. Technology	Added	620,612	+98,902	$13,554,166	+5.9%	2.12%
ATEX	Anterix Inc. Communication Services	Reduced	343,496	-53,899	$13,118,112	+51.2%	2.05%
GLNG	Golar Lng Ltd Energy	Reduced	219,504	-165,000	$11,877,361	−17.0%	1.86%
GRPN	Groupon, Inc. Communication Services	Held	958,660	0	$11,408,054	−32.4%	1.78%
MTCH	Match Group, Inc. Communication Services	NEW	329,704	NEW	$10,125,209	NEW	1.58%
AZ	A2z Cust2mate Solutions Corp. Technology	Reduced	1,505,598	-39,300	$10,042,338	−0.1%	1.57%
FIP	FTAI Infrastructure Inc. Industrials	Reduced	1,958,719	-254,135	$9,676,071	−5.1%	1.51%
CCJ	Cameco Corp Energy	Reduced	75,594	-100	$8,210,264	+18.6%	1.28%
HNRG	Hallador Energy Co Utilities	Added	432,474	+74,634	$7,040,676	+3.3%	1.10%
SNDA	Sonida Senior Living, Inc. Healthcare	NEW	191,928	NEW	$6,189,678	NEW	0.97%
CLMT	Calumet, Inc. /DE Basic Materials	Reduced	100,746	-11,000	$3,616,781	+62.9%	0.57%
NXE	NexGen Energy Ltd. Energy	Reduced	220,000	-30,000	$2,552,000	+11.0%	0.40%
CCOI	Cogent Communications Holdings, Inc. Communication Services	Held	100,000	0	$1,884,000	−12.6%	0.29%
NFE	New Fortress Energy Inc. Energy	Held	1,945,617	0	$1,147,914	−48.2%	0.18%
UEC	Uranium Energy Corp Energy	Reduced	85,000	-15,301	$1,147,500	−2.0%	0.18%