# FIRST SABREPOINT CAPITAL MANAGEMENT LP: Form 13F holdings

An institutional investment manager in DALLAS, TX. SEC CIK 1731530.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $304.1m
- Positions: 27 (27 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1731530/000173153026000004/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [TURNING PT BRANDS INC (TPB)](/companies/tpb.md) | COM | $40.7m | 13.4% | 480,000 |  | Added +80,000 |
| [FIRSTCASH HOLDINGS INC (FCFS)](/companies/fcfs.md) | COM | $37.2m | 12.2% | 172,103 |  | Reduced −5,044 |
| TURNING PT BRANDS INC | CALL | $33.1m | 10.9% | 389,800 | Call | Added +36,900 |
| UNITED STS BRENT OIL FD LP | CALL | $18.3m | 6.0% | 450,000 | Call | New +450,000 |
| [STERLING INFRASTRUCTURE INC (STRL)](/companies/strl.md) | COM | $16.8m | 5.5% | 20,000 |  | Unchanged |
| [VAALCO ENERGY INC (EGY)](/companies/egy.md) | COM NEW | $16.8m | 5.5% | 3,300,000 |  | Added +1,900,000 |
| [TRIUMPH FINANCIAL INC (TFIN)](/companies/tfin.md) | COM | $11.8m | 3.9% | 155,000 |  | Added +44,341 |
| [CAVCO INDS INC DEL (CVCO)](/companies/cvco.md) | COM | $11.4m | 3.7% | 18,500 |  | Reduced −14,540 |
| AMRIZE LTD | SHS | $10.7m | 3.5% | 200,000 |  | Added +12,000 |
| [ULTRA CLEAN HLDGS INC (UCTT)](/companies/uctt.md) | COM | $10.0m | 3.3% | 70,000 |  | Reduced −55,000 |
| [BRITISH AMERN TOB PLC (BTI)](/companies/bti.md) | SPONSORED ADR | $9.9m | 3.2% | 160,000 |  | Added +10,000 |
| [NPK INTERNATIONAL INC (NPKI)](/companies/npki.md) | COM SHS | $9.5m | 3.1% | 600,000 |  | Added +50,000 |
| [LAUREATE ED INC (LAUR)](/companies/laur.md) | COMMON STOCK | $9.0m | 3.0% | 248,640 |  | Added +640 |
| [MATADOR RES CO (MTDR)](/companies/mtdr.md) | COM | $9.0m | 2.9% | 180,000 |  | Added +45,000 |
| [TARGET HOSPITALITY CORP (TH)](/companies/th.md) | COM | $8.6m | 2.8% | 420,000 |  | Reduced −181,777 |
| TRIUMPH FINANCIAL INC | CALL | $7.6m | 2.5% | 100,000 | Call | New +100,000 |
| [BUILD-A-BEAR WORKSHOP INC (BBW)](/companies/bbw.md) | COM | $6.4m | 2.1% | 210,645 |  | Added +22,394 |
| FIRSTCASH HOLDINGS INC | CALL | $6.3m | 2.1% | 29,300 | Call | New +29,300 |
| [SPROUTS FMRS MKT INC (SFM)](/companies/sfm.md) | COM | $5.5m | 1.8% | 65,000 |  | Unchanged |
| [RUSH ENTERPRISES INC (RUSHA)](/companies/rusha.md) | CL A | $5.5m | 1.8% | 75,000 |  | New +75,000 |
| [LIFEWAY FOODS INC (LWAY)](/companies/lway.md) | COM | $5.1m | 1.7% | 170,000 |  | New +170,000 |
| [AUTOZONE INC (AZO)](/companies/azo.md) | COM | $4.8m | 1.6% | 1,500 |  | Reduced −1,000 |
| [BOOT BARN HLDGS INC (BOOT)](/companies/boot.md) | COM | $3.3m | 1.1% | 20,000 |  | New +20,000 |
| ALASKA AIR GROUP INC | PUT | $2.6m | 0.9% | 50,000 | Put | New +50,000 |
| [KOSMOS ENERGY LTD (KOS)](/companies/kos.md) | COM | $2.1m | 0.7% | 1,000,000 |  | Unchanged |
| UNITED STS OIL FD LP | CALL | $1.9m | 0.6% | 17,400 | Call | New +17,400 |
| PROSHARES TR II | PUT | $274.4k | <0.1% | 10,000 | Put | New +10,000 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [AMERICOLD REALTY TRUST INC (COLD)](/companies/cold.md) | COM | $0 | 0.0% | 0 |  | Sold out −171,774 |
| [COVISTA INC (CVSA)](/companies/cvsa.md) | COM | $0 | 0.0% | 0 |  | Sold out −80,000 |
| [ENTEGRIS INC (ENTG)](/companies/entg.md) | COM | $0 | 0.0% | 0 |  | Sold out −55,000 |
| [GBANK FINL HLDGS INC (GBFH)](/companies/gbfh.md) | COM | $0 | 0.0% | 0 |  | Sold out −28,302 |
| [GRAND CANYON ED INC (LOPE)](/companies/lope.md) | COM | $0 | 0.0% | 0 |  | Sold out −58,000 |
| ICHOR HOLDINGS | SHS | $0 | 0.0% | 0 |  | Sold out −170,000 |
| [PAR PAC HOLDINGS INC (PARR)](/companies/parr.md) | COM NEW | $0 | 0.0% | 0 |  | Sold out −50,000 |
| [PEABODY ENGR CORP (BTU)](/companies/btu.md) | COM | $0 | 0.0% | 0 |  | Sold out −250,000 |
| PROSHARES TR II | PUT | $0 | 0.0% | 0 | Put | Sold out −20,000 |
| TOPBUILD COR | COM | $0 | 0.0% | 0 |  | Sold out −8,000 |
| [VERSANT MEDIA GROUP INC (VSNT)](/companies/vsnt.md) | COM CL A | $0 | 0.0% | 0 |  | Sold out −150,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001731530-26-000004. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.