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Livermore
Livermore
ZHEN

Intrepid Capital Management Inc

SEC CIK
0001092838
Latest filing
Aug 12, 2026

The latest 13F from Intrepid Capital Management Inc covers Q2 2026 (filed Aug 12, 2026): 109 long positions worth $281.9M. The top 10 holdings make up 38.0% of the portfolio, and the largest is Dimensional ETF Trust at 6.9%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
6
Est. +$7.59M
Added
32
Est. +$7.56M
Reduced
22
Est. −$5.08M
Sold out
3
Est. −$11.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional ETF Trust25434V831
    6.9%$19.6M
  2. Groupon, Inc.399473AK3
    5.7%$16.1M
  3. Cerence Inc.156727AD1
    5.4%$15.1M
  4. Pennymac Corp70932AAH6
    4.0%$11.3M
  5. GOOGLAlphabet Inc.
    3.8%$10.7MHistory

Share of portfolio

Top 5 holdings and the other 104 positions, by share of portfolio value

  1. Dimensional ETF Trust6.9%
  2. Groupon, Inc.5.7%
  3. Cerence Inc.5.4%
  4. Pennymac Corp4.0%
  5. GOOGL3.8%
  6. Other 104 positions74.2%

Biggest buys

New and added positions, by estimated amount bought

  1. STUBStubHub Holdings, Inc.
    +$3.49MNewHistory
  2. UPSUnited Parcel Service Inc
    +$1.82MNewHistory
  3. PagerDuty, Inc.69553PAD2
    +$1.60MNew
  4. HHHHoward Hughes Holdings Inc.
    +$1.26MAddedHistory
  5. SPOTSpotify Technology S.A.
    +$953.6KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. STUBStubHub Holdings, Inc.
    +1.24 pp0.0% → 1.2%History
  2. UPSUnited Parcel Service Inc
    +0.65 pp0.0% → 0.6%History
  3. PagerDuty, Inc.69553PAD2
    +0.57 pp0.0% → 0.6%
  4. HHHHoward Hughes Holdings Inc.
    +0.50 pp1.1% → 1.6%History
  5. FWONKLiberty Media Corp
    +0.33 pp1.3% → 1.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Bandwidth Inc.05988JAD5
    −$9.79MSold out
  2. GOOGLAlphabet Inc.
    −$2.72MReducedHistory
  3. AMDAdvanced Micro Devices Inc
    −$1.17MReducedHistory
  4. FISVFiserv Inc
    −$950.7KSold outHistory
  5. TAT&T Inc.
    −$259.8KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. Bandwidth Inc.05988JAD5
    −3.76 pp3.8% → 0.0%
  2. CEFSprott Physical Gold & Silver Trust
    −0.89 pp3.7% → 2.8%History
  3. SIISprott Inc.
    −0.62 pp2.3% → 1.6%History
  4. FISVFiserv Inc
    −0.36 pp0.4% → 0.0%History
  5. GOOGLAlphabet Inc.
    −0.35 pp4.1% → 3.8%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$281.9M
+$21.3M (+8.2%) vs. prior quarter
Positions
109
+3 vs. prior quarter
Top 10 concentration
38.0%
Top 10 as share of value
Turnover
5.6%
Q2 2026, one quarter
Average holding period
11.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $281.9M (Q2 2026)

Q1 2021: $191.6MQ2 2021: $189.3MQ3 2021: $202.4MQ4 2021: $196.5MQ1 2022: $168.0MQ2 2022: $126.1MQ3 2022: $122.9MQ4 2022: $115.8MQ1 2023: $115.5MQ2 2023: $142.4MQ3 2023: $144.6MQ4 2023: $146.2MQ1 2024: $154.3MQ2 2024: $157.1MQ3 2024: $180.3MQ4 2024: $196.4MQ1 2025: $205.9MQ2 2025: $246.3MQ3 2025: $254.0MQ4 2025: $258.5MQ1 2026: $260.5MQ2 2026: $281.9M
Q1 2021Q2 2026
13F filings of Intrepid Capital Management Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 2026109$281.9MDimensional ETF TrustGroupon, Inc.Cerence Inc.vs. Q1 2026SEC
Q1 2026May 15, 2026106$260.5MDimensional ETF TrustGroupon, Inc.Cerence Inc.vs. Q4 2025SEC
Q4 2025Feb 13, 2026107$258.5MDimensional ETF TrustGroupon, Inc.Cerence Inc.vs. Q3 2025SEC
Q3 2025Nov 13, 2025109$254.0MGreen Plains Inc.Dimensional ETF TrustPennymac Corpvs. Q2 2025SEC
Q2 2025Aug 12, 2025112$246.3MGreen Plains Inc.TheRealReal, Inc.Dimensional ETF Trustvs. Q1 2025SEC
Q1 2025May 15, 2025106$205.9MTheRealReal, Inc.Dimensional ETF TrustGreen Plains Inc.vs. Q4 2024SEC
Q4 2024Feb 12, 2025106$196.4MGroupon, Inc.Dimensional ETF TrustTheRealReal, Inc.vs. Q3 2024SEC
Q3 2024Nov 14, 202499$180.3MGroupon, Inc.Dimensional ETF TrustETF Ser Solutionsvs. Q2 2024SEC
Q2 2024Aug 15, 202496$157.1MDimensional ETF TrustGroupon, Inc.Turning PT Brands Incvs. Q1 2024SEC
Q1 2024May 15, 202494$154.3METF Ser SolutionsDimensional ETF TrustREFIvs. Q4 2023SEC
Q4 2023Feb 14, 2024111$146.2METF Ser SolutionsDimensional ETF TrustFRPHvs. Q3 2023SEC
Q3 2023Nov 13, 2023231$144.6METF Ser SolutionsDimensional ETF TrustPinduoduo Incvs. Q2 2023SEC
Q2 2023Sep 26, 2023Amended240$142.4MDimensional ETF TrustETF Ser SolutionsFRPHvs. Q1 2023SEC
Q1 2023May 16, 202369$115.5MCIVIFRPHWNS Hldgs Ltdvs. Q4 2022SEC
Q4 2022Feb 6, 202372$115.8MLiberty Latin America Ltd.CIVIWNS Hldgs Ltdvs. Q3 2022SEC
Q3 2022Nov 14, 202274$122.9MEzcorp IncCIVISchwab U.S. Large-Cap ETFvs. Q2 2022SEC
Q2 2022Aug 15, 202260$126.1MEzcorp IncCIVIFRPHvs. Q1 2022SEC
Q1 2022May 11, 202263$168.0MApollo Coml Real Est Fin IncEzcorp IncCIVIvs. Q4 2021SEC
Q4 2021Feb 9, 202267$196.5MApollo Coml Real Est Fin IncTeekay Corp LtdEzcorp Incvs. Q3 2021SEC
Q3 2021Nov 12, 202169$202.4MTeekay Corp LtdTTWOEzcorp Incvs. Q2 2021SEC
Q2 2021Aug 12, 202169$189.3MSKXTTWOTeekay Corp Ltdvs. Q1 2021SEC
Q1 2021May 10, 202166$191.6MAdvisorshares TrTTWOSKX–SEC

13D and 13G filings

Companies where Intrepid Capital Management Inc reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Intrepid Capital Management Inc does not currently report owning 5% or more of any company.

Latest filings

2 filings on file made by Intrepid Capital Management Inc or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Intrepid Capital Management Inc
CompanyFiled (ET)FormStakeChangeEvent dateFiling
Atento S.A.May 23, 202313D/AOld format–––SEC
Atento S.A.Mar 13, 202313DOld format–New–SEC