Private Capital Management, LLC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$1.1B

Holdings

166

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (166 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	HROWHarrow, Inc.	1,884,591	$92.3M	8.46%	Call
2	QNSTQuinStreet, Inc.	4,171,946	$60.0M	5.49%
3	KKRKKR & Co, Inc.	316,978	$40.4M	3.70%
4	AIOTPowerFleet, Inc.	7,584,853	$40.4M	3.70%
5	LGNDLigand Pharmaceuticals, Inc.	208,891	$39.5M	3.62%
6	VTE1Asure Software, Inc.	4,055,219	$38.2M	3.50%	Call
7	LNTHLantheus Holdings, Inc.	558,824	$37.2M	3.41%
8	BGCBGC Group, Inc.	4,150,877	$37.1M	3.40%
9	BBSIBarrett Business Services, Inc.	999,371	$36.2M	3.32%
10	JPMJP Morgan Chase & Co.	111,985	$36.1M	3.31%
11	THTarget Hospitality Corp.	4,504,638	$36.1M	3.31%
12	PERIPerion Network, Ltd.	3,752,003	$35.9M	3.29%
13	SESSecure Waste Infrastructure Corp.	2,618,620	$33.0M	3.02%
14	ATROAstronics Corp.	555,434	$30.1M	2.76%
15	MPAAMotorcar Parts of America, Inc.	2,239,422	$27.6M	2.53%
16	IIIInformation Services Group, Inc.	4,777,596	$27.6M	2.53%
17	MATWMatthews International Corp.	1,018,587	$26.6M	2.44%
18	JEFJefferies Financial Group, Inc.	419,429	$26.0M	2.38%
19	—International Workplace Group, PLC	7,966,970	$24.9M	2.28%
20	SYU1Synovus Financial Corp.	358,880	$18.0M	1.65%
21	ACNBACNB Corp.	370,742	$17.9M	1.64%
22	SMBKSmartFinancial, Inc.	475,601	$17.6M	1.61%
23	FAFFirst American Financial Corp.	271,863	$16.7M	1.53%
24	SNEXStoneX Group, Inc.	167,186	$15.9M	1.46%
25	ASLEAersale Corp.	1,642,977	$11.7M	1.07%
26	GOOGLAlphabet Inc. Cl A	35,241	$11.0M	1.01%
27	HTBHometrust Bancshares, Inc.	248,485	$10.7M	0.98%
28	LAKELakeland Industries, Inc.	1,202,433	$10.6M	0.97%
29	RJFRaymond James Financial, Inc.	55,268	$8.9M	0.81%
30	PFEPfizer Inc.	335,000	$8.3M	0.76%	Call
31	PLTRPalantir Technologies Inc.	45,702	$8.1M	0.74%
32	IBMInternational Business Machines Corp.	26,779	$7.9M	0.73%
33	TROXTronox Holdings, PLC	1,795,079	$7.5M	0.69%
34	GOOGAlphabet Inc. Cl C	22,597	$7.1M	0.65%
35	SPYStandard & Poor's Depositary Receipts	9,585	$6.5M	0.60%
36	PYPLPayPal Holdings, Inc.	111,000	$6.5M	0.59%	Call
37	AAPLApple, Inc.	23,447	$6.4M	0.58%
38	FBKFB Financial Corp.	112,164	$6.3M	0.57%
39	GOOGLAlphabet Inc. Class A	18,500	$5.8M	0.53%	Put
40	MSFTMicrosoft Corp	10,381	$5.0M	0.46%
41	PBFSPioneer Bancorp	362,433	$4.9M	0.45%
42	VIGVanguard Dividend Appreciation Indx ETF	21,170	$4.7M	0.43%
43	NOBLProShares S&P 500 Dividend Aristocrats	43,677	$4.5M	0.42%
44	CEFSSaba Closed-End Funds ETF	194,618	$4.5M	0.41%
45	DONWisdomTree US Mid-Cap Div Fund	86,558	$4.5M	0.41%
46	AMZNAmazon.com	15,944	$3.7M	0.34%
47	WTPIWisdomTree Equity Premium Income Fund	104,415	$3.4M	0.32%
48	IVViShares Core S&P 500	4,912	$3.4M	0.31%
49	IJHiShares Core S&P Mid Cap ETF	49,602	$3.3M	0.30%
50	CUBECubeSmart	90,300	$3.3M	0.30%	Call
51	PAYXPaychex, Inc.	24,875	$2.8M	0.26%	Call
52	TQQQProShares UltraPro QQQ	51,000	$2.7M	0.25%	Put
53	PYPLPaypal Holdings Inc.	45,415	$2.7M	0.24%
54	DYHTarget Corporation	25,500	$2.5M	0.23%	Call
55	DYHTarget Corp.	25,401	$2.5M	0.23%
56	CVXChevron Corporation	15,909	$2.4M	0.22%
57	CCChemours	196,600	$2.3M	0.21%
58	KDPKeurig Dr Pepper Inc	80,100	$2.2M	0.21%
59	PFEPfizer, Inc.	89,909	$2.2M	0.21%
60	PSAPublic Storage	8,500	$2.2M	0.20%	Call
61	XLUUtilities Select Sector SPDR	51,336	$2.2M	0.20%
62	HPHelmerich & Payne	74,000	$2.1M	0.19%
63	HFRO 5.375 PERP AHighland Opps & Income Fund 5.375 Sr A Pfd	120,000	$1.9M	0.17%
64	FNWBFirst Northwest Bancorp	202,726	$1.9M	0.17%
65	CTOSCustom Truck One Source	327,500	$1.9M	0.17%
66	CPBCampbell Soup Co.	67,300	$1.9M	0.17%
67	CLXClorox Co.	18,200	$1.8M	0.17%
68	SCHFSchwab International Equity ETF	72,767	$1.7M	0.16%
69	PSXPhillips 66	13,402	$1.7M	0.16%
70	MAMastercard Incorporated	3,016	$1.7M	0.16%
71	TAPMolson Coors Brewing Company	36,700	$1.7M	0.16%
72	XLEEnergy Select Sector SPDR	37,180	$1.7M	0.15%
73	NDQInvesco QQQ Trust Series 1	2,696	$1.7M	0.15%
74	QCOMQualcomm, Inc.	9,455	$1.6M	0.15%
75	PZZAPapa John's International	41,775	$1.6M	0.15%
76	TSCOTractor Supply Co.	32,100	$1.6M	0.15%
77	KLACKla Corp.	1,300	$1.6M	0.14%
78	CFCF Industries Holdings Inc.	19,547	$1.5M	0.14%
79	DGXQuest Diagnostics, Inc.	8,700	$1.5M	0.14%
80	BACVerizon Communications, Inc.	36,705	$1.5M	0.14%
81	EQWLInvesco S&P 100 Equal Weight ETF	12,061	$1.4M	0.13%
82	QQQEDirexion NASDAQ-100 Equal Weighted ETF	13,856	$1.4M	0.13%
83	BNDVanguard Total Bond Market Index ETF	18,829	$1.4M	0.13%
84	FEFirstEnergy Corp.	29,528	$1.3M	0.12%
85	CCChemours Co.	108,000	$1.3M	0.12%	Call
86	NVDANvidia Corporation	6,800	$1.3M	0.12%
87	NTRNutrien Ltd.	20,287	$1.3M	0.11%
88	RRCRange Resources	34,500	$1.2M	0.11%
89	0DFCDirexion Financial Bull 3X Shs	7,000	$1.2M	0.11%
90	FMCFMC Corporation	85,000	$1.2M	0.11%	Call
91	JNJJohnson & Johnson	5,155	$1.1M	0.10%
92	CLXClorox Company	10,500	$1.1M	0.10%	Put
93	HDHome Depot Inc.	3,017	$1.0M	0.10%
94	WMTWalmart, Inc.	8,457	$942K	0.09%
95	VUGVanguard Growth Indx Fd ETF	1,870	$912K	0.08%
96	PEPPepsico, Inc.	6,360	$912K	0.08%
97	VYMVanguard High Dividend Yield Index Fd ETF	6,339	$909K	0.08%
98	METAMeta Platforms, Inc.	1,369	$903K	0.08%
99	NSANational Storage Affiliates Trust	30,000	$846K	0.08%	Call
100	TMOThermo Fisher Scientific Inc.	1,396	$808K	0.07%

Page 1 of 2Next