Western Standard LLC

CIK

1517666

Location

Los Angeles, CA

Portfolio Value

Small $215,119,272

Diversification

Diversified

Filing Date

Global Rank

#3,923 / 8,420 ▼ 568

Top Industry

Credit Services 15.8%

3Y Alpha vs SPY

-6.1%

Period ended 6 months ago

Filed Feb 3, 2026 · 4mo

24 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+51.0%

SPY

+76.3%

Annualised alpha

-6.1%

Max drawdown

−26.5%

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

24 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

14.2%

−25.1 pts

Top 5

56.9%

−11.4 pts

Top 10

78.4%

−4.5 pts

HHI

803

Diversified−1,053

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Healthcare	32.6%	$70,154,709	5
Financial Services	25.3%	$54,462,273	4
Basic Materials	9.5%	$20,540,810	1
Consumer Cyclical	9.5%	$20,501,553	5
Industrials	8.4%	$18,159,350	3
Technology	5.7%	$12,322,808	2
Real Estate	4.6%	$9,978,748	1
Unclassified	2.3%	$5,012,794	1
Communication Services	1.9%	$3,986,227	2

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
GDOT	Green Dot Corp	+1,311,170	1,977,500	$25,331,775
SEM	Select Medical Holdings Corp	+1,008,664	2,064,021	$30,650,711
IOSP	Innospec Inc.	+241,367	268,367	$20,540,810
AVNW	Aviat Networks, Inc.	+226,332	494,238	$10,566,808
MCW	Mister Car Wash, Inc.	+20,424	797,906	$4,436,357
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
DRVN	Driven Brands Holdings Inc.	−390,000	303,413	$4,496,580
OSG	Octave Specialty Group Inc	−136,724	2,504,627	$19,485,998
EZPW	Ezcorp Inc	−130,000	400,000	$7,768,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
AIV	Apartment Investment & Management Co	1,679,924	$9,978,748
BLTE	Belite Bio, Inc	60,026	$9,601,758
NSP	Insperity, Inc.	215,600	$8,348,032
CODI	Compass Diversified Holdings	1,165,000	$5,592,000
NX	Quanex Building Products CORP	274,338	$4,219,318
GOOGL	Alphabet Inc.	7,000	$2,191,000
FOXF	Fox Factory Holding Corp	120,000	$2,053,200
FFBC	First Financial Bancorp /Oh/	75,000	$1,876,500
SVV	Savers Value Village, Inc.	200,000	$1,868,000
ANGI	Angi Inc.	138,842	$1,795,227
UPBD	Upbound Group, Inc.	100,000	$1,756,000
LKFT	Lakefront Biotherapeutics NV	32,000	$1,046,400
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	180,000	$119,912,400
KROS	Keros Therapeutics, Inc.	2,189,882	$34,643,933
CWCO	Consolidated Water Co. Ltd.	211,785	$7,471,774
NPK	National Presto Industries Inc	60,730	$6,810,869
BBWI	Bath & Body Works, Inc.	263,061	$6,776,451
ABEO	Abeona Therapeutics Inc.	1,249,957	$6,599,772
YETI	YETI Holdings, Inc.	118,455	$3,930,336
FRPT	Freshpet, Inc.	64,000	$3,527,040
SXT	Sensient Technologies Corp	34,452	$3,233,320
FIGS	FIGS, Inc.	278,440	$1,862,763
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

24 positions · $215,119,272 total · as of Dec 31, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SEM	Select Medical Holdings Corp Healthcare	Added	2,064,021	+1,008,664	$30,650,711	+126.2%	14.25%
ATEC	Alphatec Holdings, Inc. Healthcare	Held	1,255,374	0	$26,413,068	+44.7%	12.28%
GDOT	Green Dot Corp Financial Services	Added	1,977,500	+1,311,170	$25,331,775	+183.1%	11.78%
IOSP	Innospec Inc. Basic Materials	Added	268,367	+241,367	$20,540,810	+886.0%	9.55%
OSG	Octave Specialty Group Inc Financial Services	Reduced	2,504,627	-136,724	$19,485,998	−11.5%	9.06%
AVNW	Aviat Networks, Inc. Technology	Added	494,238	+226,332	$10,566,808	+72.0%	4.91%
AIV	Apartment Investment & Management Co Real Estate	NEW	1,679,924	NEW	$9,978,748	NEW	4.64%
BLTE	Belite Bio, Inc Healthcare	NEW	60,026	NEW	$9,601,758	NEW	4.46%
NSP	Insperity, Inc. Industrials	NEW	215,600	NEW	$8,348,032	NEW	3.88%
EZPW	Ezcorp Inc Financial Services	Reduced	400,000	-130,000	$7,768,000	−23.0%	3.61%
FIVE	Five Below, Inc Consumer Cyclical	Held	40,600	0	$7,647,416	+21.8%	3.55%
CODI	Compass Diversified Holdings Industrials	NEW	1,165,000	NEW	$5,592,000	NEW	2.60%
UUP	Invesco DB US Dollar Index Bullish Fund	Held	185,453	0	$5,012,794	−1.7%	2.33%
DRVN	Driven Brands Holdings Inc. Consumer Cyclical	Reduced	303,413	-390,000	$4,496,580	−59.7%	2.09%
MCW	Mister Car Wash, Inc. Consumer Cyclical	Added	797,906	+20,424	$4,436,357	+7.1%	2.06%
NX	Quanex Building Products CORP Industrials	NEW	274,338	NEW	$4,219,318	NEW	1.96%
ABUS	Arbutus Biopharma Corp Healthcare	Held	507,853	0	$2,442,772	+5.9%	1.14%
GOOGL	Alphabet Inc. Communication Services	NEW	7,000	NEW	$2,191,000	NEW	1.02%
FOXF	Fox Factory Holding Corp Consumer Cyclical	NEW	120,000	NEW	$2,053,200	NEW	0.95%
FFBC	First Financial Bancorp /Oh/ Financial Services	NEW	75,000	NEW	$1,876,500	NEW	0.87%
SVV	Savers Value Village, Inc. Consumer Cyclical	NEW	200,000	NEW	$1,868,000	NEW	0.87%
ANGI	Angi Inc. Communication Services	NEW	138,842	NEW	$1,795,227	NEW	0.83%
UPBD	Upbound Group, Inc. Technology	NEW	100,000	NEW	$1,756,000	NEW	0.82%
LKFT	Lakefront Biotherapeutics NV Healthcare	NEW	32,000	NEW	$1,046,400	NEW	0.49%