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Livermore
Livermore
ZHEN

B. Riley Financial, Inc.

SEC CIK
0001464790
Latest filing
Aug 14, 2026

The latest 13F from B. Riley Financial, Inc. covers Q2 2026 (filed Aug 14, 2026): 37 long positions worth $433.6M. The top 10 holdings make up 98.6% of the portfolio, and the largest is Babcock & Wilcox Enterprises, Inc. (BW) at 89.3%. 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
24
Est. +$12.2M
Added
0
Reduced
4
Est. −$24.1M
Sold out
8
Est. −$9.13M

Top 5 holdings

Share of this quarter's portfolio value

  1. BWBabcock & Wilcox Enterprises, Inc.
    89.3%$387.0MHistory
  2. DDIDoubleDown Interactive Co., Ltd.
    4.3%$18.8MHistory
  3. SQNSSequans Communications
    1.1%$4.90MHistory
  4. STLNStarling Oncology, Inc.
    0.9%$4.03MHistory
  5. DRDBRoman DBDR Acquisition Corp. II
    0.7%$3.19MHistory

Share of portfolio

Top 5 holdings and the other 32 positions, by share of portfolio value

  1. BW89.3%
  2. DDI4.3%
  3. SQNS1.1%
  4. STLN0.9%
  5. DRDB0.7%
  6. Other 32 positions3.6%

Biggest buys

New and added positions, by estimated amount bought

  1. NUAINew ERA Energy & Digital, Inc.
    +$2.65MNewHistory
  2. Direxion Shs ETF Tr25460E232
    +$1.90MNew
  3. CHYMChime Financial, Inc.
    +$1.64MNewHistory
  4. APLDApplied Digital Corp.
    +$1.01MNewHistory
  5. REALTheRealReal, Inc.
    +$366.1KNewHistory

Largest weight increases

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

  1. NUAINew ERA Energy & Digital, Inc.
    +0.61 pp0.0% → 0.6%History
  2. Direxion Shs ETF Tr25460E232
    +0.44 pp0.0% → 0.4%
  3. CHYMChime Financial, Inc.
    +0.38 pp0.0% → 0.4%History
  4. APLDApplied Digital Corp.
    +0.23 pp0.0% → 0.2%History
  5. REALTheRealReal, Inc.
    +0.08 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DDIDoubleDown Interactive Co., Ltd.
    −$21.1MReducedHistory
  2. RIOTRiot Platforms, Inc.
    −$4.02MSold outHistory
  3. TACTTransact Technologies Inc
    −$1.80MSold outHistory
  4. DAVEDave Inc.
    −$1.22MSold outHistory
  5. SQNSSequans Communications
    −$1.09MReducedHistory

Largest weight decreases

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

  1. DDIDoubleDown Interactive Co., Ltd.
    −2.10 pp6.4% → 4.3%History
  2. RIOTRiot Platforms, Inc.
    −0.88 pp0.9% → 0.0%History
  3. TACTTransact Technologies Inc
    −0.39 pp0.4% → 0.0%History
  4. DAVEDave Inc.
    −0.27 pp0.3% → 0.0%History
  5. URGUr-Energy Inc
    −0.20 pp0.2% → 0.0%History

Metrics

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

Portfolio value
$433.6M
−$22.7M (−5.0%) vs. prior quarter
Positions
37
+16 vs. prior quarter
Top 10 concentration
98.6%
Top 10 as share of value
Turnover
2.7%
Q2 2026, one quarter
Average holding period
20.7 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 $888.8M (Q4 2021)

Q1 2021: $832.6MQ2 2021: $758.6MQ3 2021: $790.3MQ4 2021: $888.8MQ1 2022: $578.9MQ2 2022: $448.1MQ3 2022: $563.1MQ4 2022: $445.6MQ1 2023: $382.2MQ2 2023: $385.9MQ3 2023: $296.8MQ4 2023: $156.9MQ1 2024: $105.0MQ2 2024: $123.1MQ3 2024: $149.8MQ4 2024: $119.6MQ1 2025: $79.5MQ2 2025: $89.0MQ3 2025: $147.6MQ4 2025: $234.0MQ1 2026: $456.2MQ2 2026: $433.6M
Q1 2021Q2 2026
13F filings of B. Riley Financial, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202637$433.6MBWDDISQNSvs. Q1 2026SEC
Q1 2026May 15, 202621$456.2MBWDDISQNSvs. Q4 2025SEC
Q4 2025Feb 10, 202621$234.0MBWDDIAPLDvs. Q3 2025SEC
Q3 2025Feb 3, 202625$147.6MBWDDIAMATvs. Q2 2025SEC
Q2 2025Feb 3, 202638$89.0MDDIBWBTBTvs. Q1 2025SEC
Q1 2025Feb 3, 202623$79.5MDDIBWTransact Technologies Incvs. Q4 2024SEC
Q4 2024Feb 14, 202516$119.6MBWDDICDZIvs. Q3 2024SEC
Q3 2024Nov 14, 202415$149.8MDDIBWSNCRvs. Q2 2024SEC
Q2 2024Aug 14, 202416$123.1MDDIBWSNCRvs. Q1 2024SEC
Q1 2024May 13, 202416$105.0MDDIBWSNCRvs. Q4 2023SEC
Q4 2023Feb 12, 202420$156.9MALTGBWDDIvs. Q3 2023SEC
Q3 2023Nov 13, 202325$296.8MBWALTGDDIvs. Q2 2023SEC
Q2 2023Aug 8, 202328$385.9MBWALTGDDIvs. Q1 2023SEC
Q1 2023May 9, 202350$382.2MBWALTGDDIvs. Q4 2022SEC
Q4 2022Mar 1, 2023Amended66$445.6MBWALTGPAAIvs. Q3 2022SEC
Q3 2022Nov 9, 202279$563.1MBWFAZEALTGvs. Q2 2022SEC
Q2 2022Aug 10, 202270$448.1MBWALTGPAAIvs. Q1 2022SEC
Q1 2022May 10, 202247$578.9MBWALTGPAAIvs. Q4 2021SEC
Q4 2021Feb 10, 202249$888.8MBWiShares Russell 2000 ETFALTGvs. Q3 2021SEC
Q3 2021Nov 10, 202140$790.3MBWEOSEALTGvs. Q2 2021SEC
Q2 2021Aug 12, 202132$758.6MBWEOSEALTGvs. Q1 2021SEC
Q1 2021May 13, 202131$832.6MBWFRGEOSE–SEC

13D and 13G filings

Companies where B. Riley Financial, Inc. 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 B. Riley Financial, Inc. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
BWBabcock & Wilcox Enterprises, Inc.13D/A24.90%27.7M shares+11.40 ppfrom 13.50%Jan 27, 202111 filingsFeb 13, 2026SEC
BMRABiomerica Inc13D10.03%460.1K sharesNewAug 28, 20261 filingAug 28, 2026SEC
MGTIMGT Capital Investments, Inc.13G9.99%628.5K sharesNewAug 7, 20261 filingAug 7, 2026SEC
VIPVulcan Infrastructure & Power Inc.13G7.10%2.34M sharesNewSep 11, 20261 filingSep 11, 2026SEC

Latest filings

114 filings on file made by B. Riley Financial, Inc. or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by B. Riley Financial, Inc.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
VIPVulcan Infrastructure & Power Inc.Sep 11, 20265:00 PM ET13G7.10%2.34M sharesNewSep 2, 2026SEC
BMRABiomerica IncAug 28, 20265:20 PM ET13D10.03%460.1K sharesNewAug 25, 2026SEC
DDIDoubleDown Interactive Co., Ltd.Aug 14, 20265:00 PM ET13G/A3.64%90.1K shares−3.66 ppfrom 7.30%Below 5%Jun 30, 2026SEC
MGTIMGT Capital Investments, Inc.Aug 7, 20264:38 PM ET13G9.99%628.5K sharesNewJul 31, 2026SEC
TACTTransact Technologies IncMay 27, 20265:00 PM ET13D/A0.97%100.0K shares−4.93 ppfrom 5.90%Below 5%May 22, 2026SEC
DDIDoubleDown Interactive Co., Ltd.May 15, 20264:10 PM ET13G/A7.30%181.8K shares0.00 ppfrom 7.30%Mar 31, 2026SEC
DDIDoubleDown Interactive Co., Ltd.Feb 13, 20265:00 PM ET13G/A7.30%182.0K shares−0.20 ppfrom 7.50%Dec 31, 2025SEC
BWBabcock & Wilcox Enterprises, Inc.Feb 13, 20265:00 PM ET13D/A24.90%27.7M shares+11.40 ppfrom 13.50%Feb 11, 2026SEC
DDIDoubleDown Interactive Co., Ltd.Nov 14, 20252:01 PM ET13G/A7.50%185.3K shares−0.30 ppfrom 7.80%Sep 30, 2025SEC
TACTTransact Technologies IncSep 3, 20255:23 PM ET13D/A5.90%600.0K shares−2.40 ppfrom 8.30%Sep 2, 2025SEC
DDIDoubleDown Interactive Co., Ltd.Aug 14, 20255:15 PM ET13G/A7.80%193.1K shares−1.20 ppfrom 9.00%Jun 30, 2025SEC
DDIDoubleDown Interactive Co., Ltd.Apr 2, 20259:02 PM ET13G/A9.00%222.1K shares0.00 ppfrom 9.00%Apr 2, 2025SEC
BWBabcock & Wilcox Enterprises, Inc.Apr 2, 20259:00 PM ET13D/A13.50%13.2M shares–Mar 31, 2025SEC
TACTTransact Technologies IncApr 2, 20259:00 PM ET13D/A8.30%826.7K shares–Apr 2, 2025SEC
SNCRSynchronoss Technologies IncMar 18, 20257:56 PM ET13D/A4.30%496.5K shares–Below 5%Mar 14, 2025SEC
DDIDoubleDown Interactive Co., Ltd.Feb 14, 20255:00 PM ET13G/A9.00%222.5K shares–Dec 31, 2024SEC
TACTTransact Technologies IncNov 14, 202413D/AOld format–––SEC
SNCRSynchronoss Technologies IncOct 1, 202413D/AOld format–––SEC
BWBabcock & Wilcox Enterprises, Inc.Sep 25, 202413D/AOld format–––SEC
SNCRSynchronoss Technologies IncSep 5, 202413D/AOld format–––SEC