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Livermore
Livermore
ZHEN

Bandera Partners LLC

SEC CIK
0001399386
Latest filing
Aug 12, 2026

The latest 13F from Bandera Partners LLC covers Q2 2026 (filed Aug 12, 2026): 19 long positions worth $283.9M. The top 10 holdings make up 82.4% of the portfolio, and the largest is Star Group, L.P. (SGU) at 12.4%. Livermore has 23 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
2
Est. +$37.9M
Added
0
Reduced
0
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. SGUStar Group, L.P.
    12.4%$35.3MHistory
  2. JYNTJOINT Corp
    12.2%$34.6MHistory
  3. SPCXSpace Exploration Technologies Corp
    12.0%$34.0MHistory
  4. GOOGLAlphabet Inc.
    11.2%$31.9MHistory
  5. AMKRAmkor Technology, Inc.
    11.0%$31.2MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. SPCXSpace Exploration Technologies Corp
    +$34.0MNewHistory
  2. SNAPSnap Inc
    +$3.91MNewHistory

Largest weight increases

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

  1. SPCXSpace Exploration Technologies Corp
    +11.97 pp0.0% → 12.0%History
  2. SNAPSnap Inc
    +1.38 pp0.0% → 1.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

None this quarter.

Largest weight decreases

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

None this quarter.

Metrics

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

Portfolio value
$283.9M
+$62.8M (+28.4%) vs. prior quarter
Positions
19
+2 vs. prior quarter
Top 10 concentration
82.4%
Top 10 as share of value
Turnover
0.0%
Q2 2026, one quarter
Average holding period
14.4 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 $335.9M (Q1 2022)

Q1 2021: $254.4MQ2 2021: $255.2MQ3 2021: $248.0MQ4 2021: $279.7MQ1 2022: $335.9MQ2 2022: $254.2MQ3 2022: $238.6MQ4 2022: $211.3MQ1 2023: $243.1MQ2 2023: $235.3MQ3 2023: $277.0MQ4 2023: $301.9MQ1 2024: $256.6MQ2 2024: $275.9MQ3 2024: $264.9MQ4 2024: $262.7MQ1 2025: $277.9MQ2 2025: $221.9MQ3 2025: $228.1MQ4 2025: $222.5MQ1 2026: $221.1MQ2 2026: $283.9M
Q1 2021Q2 2026
13F filings of Bandera Partners LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202619$283.9MSGUJYNTSPCXvs. Q1 2026SEC
Q1 2026May 13, 202617$221.1MJYNTSGUAMKRvs. Q4 2025SEC
Q4 2025Feb 13, 202613$222.5MJYNTSGUGOOGLvs. Q3 2025SEC
Q3 2025Nov 12, 202513$228.1MJYNTSGUBURvs. Q2 2025SEC
Q2 2025Aug 12, 202514$221.9MJYNTBURSGUvs. Q1 2025SEC
Q1 2025May 13, 202518$277.9MJYNTSGUBURvs. Q4 2024SEC
Q4 2024Feb 12, 202518$262.7MJYNTSGUBURvs. Q3 2024SEC
Q3 2024Nov 12, 202418$264.9MJYNTSGUBURvs. Q2 2024SEC
Q2 2024Aug 12, 202419$275.9MJYNTSGUMvs. Q1 2024SEC
Q1 2024May 14, 202419$256.6MJYNTSGUBURvs. Q4 2023SEC
Q4 2023Feb 13, 202419$301.9MATVISGUJYNTvs. Q3 2023SEC
Q3 2023Nov 13, 202318$277.0MATVISGUJYNTvs. Q2 2023SEC
Q2 2023Aug 10, 202318$235.3MSGUJYNTGOOGvs. Q1 2023SEC
Q1 2023May 12, 202316$243.1MAMKRSGUJYNTvs. Q4 2022SEC
Q4 2022Feb 13, 202315$211.3MAMKRSGUJYNTvs. Q3 2022SEC
Q3 2022Nov 10, 202216$238.6MTWTRJYNTAMKRvs. Q2 2022SEC
Q2 2022Aug 12, 202217$254.2MTWTRJYNTSGUvs. Q1 2022SEC
Q1 2022May 13, 202222$335.9MSGUAMKRTWTRvs. Q4 2021SEC
Q4 2021Feb 14, 202220$279.7MAMKRSGUTWTRvs. Q3 2021SEC
Q3 2021Nov 12, 202120$248.0MAMKRSGUGOOGLvs. Q2 2021SEC
Q2 2021Aug 13, 202118$255.2MJYNTSGUBBQvs. Q1 2021SEC
Q1 2021May 27, 2021Amended18$254.4MJYNTSGUTWTR–SEC

13D and 13G filings

Companies where Bandera Partners LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

4 companies, largest stake first.

Companies where Bandera Partners LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
JYNTJOINT Corp13D/A27.90%3.94M shares+1.40 ppfrom 26.50%Feb 12, 202113 filingsMar 16, 2026SEC
SGUStar Group, L.P.13G/A8.70%2.95M shares–Feb 12, 20216 filingsNov 13, 2025SEC
RRGBRed Robin Gourmet Burgers Inc13G7.60%1.35M sharesNewAug 19, 20251 filingAug 19, 2025SEC
BTMDbiote Corp.13G/A6.40%2.07M shares–Jun 13, 20234 filingsMay 13, 2026SEC

Latest filings

41 filings on file made by Bandera Partners LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Bandera Partners LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
BTMDbiote Corp.May 13, 20264:30 PM ET13G/A6.40%2.07M shares–Mar 31, 2026SEC
JYNTJOINT CorpMar 16, 20267:07 PM ET13D/A27.90%3.94M shares+1.40 ppfrom 26.50%Mar 13, 2026SEC
JYNTJOINT CorpJan 7, 20266:17 PM ET13D/A26.50%3.94M shares+0.20 ppfrom 26.30%Jan 5, 2026SEC
SGUStar Group, L.P.Nov 13, 20255:26 PM ET13G/A8.70%2.95M shares–Jun 30, 2025SEC
RRGBRed Robin Gourmet Burgers IncAug 19, 20256:48 PM ET13G7.60%1.35M sharesNewJun 30, 2025SEC
DYAIDyadic International IncAug 19, 20256:45 PM ET13G/A4.60%1.38M shares–Below 5%Jun 30, 2025SEC
JYNTJOINT CorpJan 6, 20254:49 PM ET13D/A26.30%3.94M shares–Dec 19, 2024SEC
IVFHInnovative Food Holdings IncDec 6, 202413D/AOld format–––SEC
BTMDbiote Corp.Nov 12, 202413G/AOld format–––SEC
IVFHInnovative Food Holdings IncJul 23, 202413D/AOld format–––SEC
IVFHInnovative Food Holdings IncJul 19, 202413D/AOld format–––SEC
SGUStar Group, L.P.Feb 13, 202413G/AOld format–––SEC
DYAIDyadic International IncFeb 13, 202413G/AOld format–––SEC
BTMDbiote Corp.Feb 13, 202413G/AOld format–––SEC
JYNTJOINT CorpNov 8, 202313D/AOld format–––SEC
JYNTJOINT CorpSep 25, 202313D/AOld format–––SEC
JYNTJOINT CorpSep 15, 202313D/AOld format–––SEC
JYNTJOINT CorpAug 11, 202313DOld format–––SEC
BTMDbiote Corp.Jun 13, 202313GOld format–New–SEC
JYNTJOINT CorpFeb 13, 202313G/AOld format–––SEC