Private Capital Management, LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$1.1B

Holdings

149

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (149 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	HROWHarrow Inc.	1,855,664	$89.4M	7.99%
2	QNSTQuinStreet, Inc.	4,154,256	$64.3M	5.74%
3	BBSIBarrett Business Services	987,254	$43.8M	3.91%
4	KKRKKR & Co. Inc. Cl A	313,853	$40.8M	3.64%
5	LGNDLigand Pharmaceuticals	227,158	$40.2M	3.59%
6	ECNECN Capital Corporation	19,050,334	$40.0M	3.57%
7	BGCBGC Group Inc	4,158,162	$39.3M	3.51%
8	AIOTPowerFleet, Inc.	7,354,073	$38.5M	3.44%
9	THTarget Hospitality Corp.	4,511,028	$38.3M	3.42%
10	SESSecure Waste Infrastructure Corp	2,631,410	$37.5M	3.35%
11	MPAAMotorcar Parts of America, Inc.	2,234,301	$37.0M	3.30%
12	PERIPerion Network Ltd.	3,751,278	$36.0M	3.22%
13	JPMJP Morgan Chase & Co.	111,493	$35.2M	3.14%
14	VTE1Asure Software Inc.	4,013,559	$32.9M	2.94%
15	IIIInformation Services Group	5,630,357	$32.4M	2.89%
16	LNTHLantheus Holdings Inc.	560,664	$28.8M	2.57%
17	JEFJefferies Financial Group Inc.	418,639	$27.4M	2.45%
18	ATROAstronics Corporation	561,257	$25.6M	2.29%
19	—International Workplace Group	7,788,425	$23.0M	2.05%
20	SYU1Synovus Financial Corp.	391,758	$19.2M	1.72%
21	SMBKSmartFinancial Inc.	533,816	$19.1M	1.70%
22	FAFFirst American Financial Corp.	272,828	$17.5M	1.57%
23	LAKELakeland Industries Inc.	1,169,488	$17.3M	1.55%
24	SNEXStoneX Group Inc.	168,375	$17.0M	1.52%
25	ACNBACNB Corporation	345,626	$15.2M	1.36%
26	ASLEAerSale Corp.	1,644,667	$13.5M	1.20%
27	RJFRaymond James Financial, Inc.	56,899	$9.8M	0.88%
28	TROXTronox Holdings PLC	2,391,482	$9.6M	0.86%
29	GOOGLAlphabet Inc. Cl A	39,506	$9.6M	0.86%
30	PLTRPalantir Technologies Inc.	46,296	$8.4M	0.75%
31	MATWMatthews International A	338,331	$8.2M	0.73%
32	IBMInternational Business Machines Corp.	28,475	$8.0M	0.72%
33	PFEPfizer Inc.	275,500	$7.0M	0.63%	Put
34	STZConstellation Brands, Inc. Class A	50,000	$6.7M	0.60%	Call
35	HTBHometrust Bancshares Inc	159,606	$6.5M	0.58%
36	SPYStandard & Poor's Depositary Receipts	9,562	$6.4M	0.57%
37	FBKFB Financial Corporation	112,795	$6.3M	0.56%
38	GOOGAlphabet Inc. Cl C	24,297	$5.9M	0.53%
39	PBFSPioneer Bancorp	365,453	$4.8M	0.43%
40	SEATVivid Seats Inc.	282,233	$4.7M	0.42%
41	DONWisdomTree US Mid-Cap Div Fund	87,082	$4.6M	0.41%
42	VIGVanguard Dividend Appreciation Indx ETF	20,949	$4.5M	0.40%
43	NOBLProShares S&P 500 Dividend Aristocrats	43,267	$4.5M	0.40%
44	MSFTMicrosoft Corp	8,589	$4.4M	0.40%
45	PYPLPayPal Holdings, Inc.	65,000	$4.4M	0.39%	Call
46	AAPLApple, Inc.	16,950	$4.3M	0.39%
47	CEFSSaba Closed-End Funds ETF	174,922	$4.0M	0.36%
48	KDPKeurig Dr Pepper Inc.	150,000	$3.8M	0.34%	Call
49	FNWBFirst Northwest Bancorp	430,616	$3.4M	0.30%
50	WTPIWisdomTree Equity Premium Income Fund	101,542	$3.4M	0.30%
51	IVViShares Core S&P 500	4,959	$3.3M	0.30%
52	IJHiShares Core S&P Mid Cap ETF	48,655	$3.2M	0.28%
53	TAPMolson Coors Beverage Company Class B	70,000	$3.2M	0.28%	Call
54	AMZNAmazon.com	13,094	$2.9M	0.26%
55	CTRACoterra Energy Inc.	120,000	$2.8M	0.25%	Call
56	DYHTarget Corp.	29,801	$2.7M	0.24%
57	PFEPfizer, Inc.	103,800	$2.6M	0.24%
58	CVXChevron Corporation	15,932	$2.5M	0.22%
59	CPBCampbell Soup Co.	69,000	$2.2M	0.19%
60	CTOSCustom Truck One Source	330,000	$2.1M	0.19%
61	BTUPeabody Energy Corp	77,588	$2.1M	0.18%
62	XLUUtilities Select Sector SPDR	22,983	$2.0M	0.18%
63	HPHelmerich & Payne	87,600	$1.9M	0.17%
64	PSXPhillips 66	13,401	$1.8M	0.16%
65	BTUPeabody Energy Corporation	67,600	$1.8M	0.16%	Call
66	HFRO 5.375 PERP AHighland Opportunities & Income Fund	105,842	$1.8M	0.16%
67	DYHTarget Corporation	19,500	$1.7M	0.16%	Call
68	PZZAPapa John's International	35,600	$1.7M	0.15%
69	PYPLPaypal Holdings Inc.	25,450	$1.7M	0.15%
70	SCHFSchwab International Equity ETF	72,958	$1.7M	0.15%
71	XLEEnergy Select Sector SPDR	18,850	$1.7M	0.15%
72	DGXQuest Diagnostics, Inc.	8,700	$1.7M	0.15%
73	NDQInvesco QQQ Trust Series 1	2,759	$1.7M	0.15%
74	KDPKeurig Dr Pepper Inc	64,500	$1.6M	0.15%
75	MAMastercard Incorporated	2,866	$1.6M	0.15%
76	BACVerizon Communications, Inc.	36,500	$1.6M	0.14%
77	QCOMQualcomm, Inc.	9,280	$1.5M	0.14%
78	CCChemours	95,000	$1.5M	0.13%
79	NTRNutrien Ltd.	24,787	$1.5M	0.13%
80	BNDVanguard Total Bond Market Index ETF	18,731	$1.4M	0.12%
81	QQQEDirexion NASDAQ-100 Equal Weighted ETF	13,631	$1.4M	0.12%
82	FEFirstEnergy Corp.	29,627	$1.4M	0.12%
83	EQWLInvesco S&P 100 Equal Weight ETF	11,488	$1.3M	0.12%
84	RRCRange Resources	34,500	$1.3M	0.12%
85	NVDANvidia Corporation	6,816	$1.3M	0.11%
86	0DFCDirexion Financial Bull 3X Shs	7,000	$1.2M	0.11%
87	TQQQProShares UltraPro QQQ	11,500	$1.2M	0.11%
88	HDHome Depot Inc.	2,916	$1.2M	0.11%
89	BF/BBrown-Forman Corporation Class B	43,000	$1.2M	0.10%	Call
90	HROWHarrow, Inc.	22,500	$1.1M	0.10%	Call
91	CFCF Industries Holdings Inc.	12,045	$1.1M	0.10%
92	TSCOTractor Supply Co.	18,700	$1.1M	0.09%
93	TAPMolson Coors Brewing Company	23,200	$1.0M	0.09%
94	VUGVanguard Growth Indx Fd ETF	2,176	$1.0M	0.09%
95	SJMJM Smucker Company	9,300	$1.0M	0.09%
96	METAMeta Platforms, Inc.	1,369	$1.0M	0.09%
97	HPHelmerich & Payne, Inc.	45,000	$994K	0.09%	Call
98	CCChemours Co.	61,500	$974K	0.09%	Call
99	TTENTotalEnergies SE Sponsored ADR	15,000	$895K	0.08%	Call
100	VYMVanguard High Dividend Yield Index Fd ETF	6,197	$874K	0.08%

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