Western Standard LLC

CIK

1517666

Location

Los Angeles, CA

Portfolio Value

Small $190,161,025

Diversification

Diversified

Filing Date

Global Rank

#4,303 / 8,578 ▼ 193

Top Industry

Credit Services 24.3%

3Y Alpha vs SPY

-5.8%

Period ended 3 months ago

Filed May 11, 2026 · 35d

25 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

+50.6%

SPY

+74.2%

Annualised alpha

-5.7%

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

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

Top Position

20.9%

+6.7 pts

Top 5

59.7%

+2.8 pts

Top 10

78.4%

+0.0 pts

HHI

965

Diversified+162

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	32.4%	$61,695,327	5
Industrials	14.5%	$27,630,634	2
Healthcare	14.2%	$27,072,934	4
Basic Materials	8.7%	$16,563,345	1
Technology	7.7%	$14,650,010	2
Consumer Cyclical	7.0%	$13,340,421	3
Communication Services	4.4%	$8,312,865	1
Real Estate	3.5%	$6,620,359	1
Consumer Defensive	2.8%	$5,400,629	2
Unclassified	2.7%	$5,151,884	1
Utilities	2.0%	$3,722,617	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
CODI	Compass Diversified Holdings	+1,972,156	3,137,156	$24,658,046
GDOT	Green Dot Corp	+1,569,126	3,546,626	$39,793,143
ANGI	Angi Inc.	+1,074,715	1,213,557	$8,312,865
ABUS	Arbutus Biopharma Corp	+13,734	521,587	$2,347,141
FFBC	First Financial Bancorp /Oh/	+9,857	84,857	$2,365,813
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
ATEC	Alphatec Holdings, Inc.	−1,232,881	22,493	$244,723
OSG	Octave Specialty Group Inc	−257,036	2,247,591	$10,451,298
EZPW	Ezcorp Inc	−198,321	201,679	$5,118,613
NSP	Insperity, Inc.	−105,667	109,933	$2,972,588
AVNW	Aviat Networks, Inc.	−78,486	415,752	$9,400,152
AIV	Apartment Investment & Management Co	−53,300	1,626,624	$6,620,359
IOSP	Innospec Inc.	−41,534	226,833	$16,563,345
FIVE	Five Below, Inc	−17,348	23,252	$5,312,616
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
TFX	Teleflex Inc	184,817	$22,105,961
YETI	YETI Holdings, Inc.	162,000	$5,927,580
DAVE	Dave Inc./DE	30,156	$5,249,858
FRPT	Freshpet, Inc.	72,400	$4,268,704
WULF	Terawulf Inc.	274,876	$3,966,460
HNRG	Hallador Energy Co	228,662	$3,722,617
WEAV	Weave Communications, Inc.	514,093	$2,375,109
CWH	Camping World Holdings, Inc.	307,500	$2,100,225
HAIN	Hain Celestial Group Inc	1,617,037	$1,131,925
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
SEM	Select Medical Holdings Corp	2,064,021	$30,650,711
BLTE	Belite Bio, Inc	60,026	$9,601,758
DRVN	Driven Brands Holdings Inc.	303,413	$4,496,580
MCW	Mister Car Wash, Inc.	797,906	$4,436,357
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
SVV	Savers Value Village, Inc.	200,000	$1,868,000
UPBD	Upbound Group, Inc.	100,000	$1,756,000
LKFT	Lakefront Biotherapeutics NV	32,000	$1,046,400
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

23 positions · $190,161,025 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GDOT	Green Dot Corp Financial Services	Added	3,546,626	+1,569,126	$39,793,143	+57.1%	20.93%
CODI	Compass Diversified Holdings Industrials	Added	3,137,156	+1,972,156	$24,658,046	+341.0%	12.97%
TFX	Teleflex Inc Healthcare	NEW	184,817	NEW	$22,105,961	NEW	11.62%
IOSP	Innospec Inc. Basic Materials	Reduced	226,833	-41,534	$16,563,345	−19.4%	8.71%
OSG	Octave Specialty Group Inc Financial Services	Reduced	2,247,591	-257,036	$10,451,298	−46.4%	5.50%
AVNW	Aviat Networks, Inc. Technology	Reduced	415,752	-78,486	$9,400,152	−11.0%	4.94%
ANGI	Angi Inc. Communication Services	Added	1,213,557	+1,074,715	$8,312,865	+363.1%	4.37%
AIV	Apartment Investment & Management Co Real Estate	Reduced	1,626,624	-53,300	$6,620,359	−33.7%	3.48%
YETI	YETI Holdings, Inc. Consumer Cyclical	NEW	162,000	NEW	$5,927,580	NEW	3.12%
FIVE	Five Below, Inc Consumer Cyclical	Reduced	23,252	-17,348	$5,312,616	−30.5%	2.79%
DAVE	Dave Inc./DE Technology	NEW	30,156	NEW	$5,249,858	NEW	2.76%
UUP	Invesco DB US Dollar Index Bullish Fund	Held	185,453	0	$5,151,884	+2.8%	2.71%
EZPW	Ezcorp Inc Financial Services	Reduced	201,679	-198,321	$5,118,613	−34.1%	2.69%
FRPT	Freshpet, Inc. Consumer Defensive	NEW	72,400	NEW	$4,268,704	NEW	2.24%
WULF	Terawulf Inc. Financial Services	NEW	274,876	NEW	$3,966,460	NEW	2.09%
HNRG	Hallador Energy Co Utilities	NEW	228,662	NEW	$3,722,617	NEW	1.96%
NSP	Insperity, Inc. Industrials	Reduced	109,933	-105,667	$2,972,588	−64.4%	1.56%
WEAV	Weave Communications, Inc. Healthcare	NEW	514,093	NEW	$2,375,109	NEW	1.25%
FFBC	First Financial Bancorp /Oh/ Financial Services	Added	84,857	+9,857	$2,365,813	+26.1%	1.24%
ABUS	Arbutus Biopharma Corp Healthcare	Added	521,587	+13,734	$2,347,141	−3.9%	1.23%
CWH	Camping World Holdings, Inc. Consumer Cyclical	NEW	307,500	NEW	$2,100,225	NEW	1.10%
HAIN	Hain Celestial Group Inc Consumer Defensive	NEW	1,617,037	NEW	$1,131,925	NEW	0.60%
ATEC	Alphatec Holdings, Inc. Healthcare	Reduced	22,493	-1,232,881	$244,723	−99.1%	0.13%