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Livermore
Livermore
ZHEN

Western Standard LLC

SEC CIK
0001517666
Latest filing
Aug 10, 2026

The latest 13F from Western Standard LLC covers Q2 2026 (filed Aug 10, 2026): 27 long positions worth $295.3M. The top 10 holdings make up 75.8% of the portfolio, and the largest is Green Dot Corp (GDOT) at 14.8%. 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
18
Est. +$165.2M
Added
4
Est. +$4.28M
Reduced
4
Est. −$14.0M
Sold out
14
Est. −$75.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. GDOTGreen Dot Corp
    14.8%$43.8MHistory
  2. GLASGlass House Brands Inc.
    11.9%$35.0MHistory
  3. CODICompass Diversified Holdings
    9.6%$28.3MHistory
  4. ABVXAbivax S.A.
    9.0%$26.7MHistory
  5. AVTRAvantor, Inc.
    7.1%$20.9MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. GLASGlass House Brands Inc.
    +$35.0MNewHistory
  2. ABVXAbivax S.A.
    +$26.7MNewHistory
  3. AVTRAvantor, Inc.
    +$20.9MNewHistory
  4. EAElectronic Arts Inc.
    +$18.0MNewHistory
  5. AHRTAH Realty Trust, Inc.
    +$9.17MNewHistory

Largest weight increases

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

  1. GLASGlass House Brands Inc.
    +11.86 pp0.0% → 11.9%History
  2. ABVXAbivax S.A.
    +9.03 pp0.0% → 9.0%History
  3. AVTRAvantor, Inc.
    +7.07 pp0.0% → 7.1%History
  4. EAElectronic Arts Inc.
    +6.10 pp0.0% → 6.1%History
  5. AHRTAH Realty Trust, Inc.
    +3.11 pp0.0% → 3.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TFXTeleflex Inc
    −$22.1MSold outHistory
  2. ANGIAngi Inc.
    −$8.31MSold outHistory
  3. AIVApartment Investment & Management Co
    −$6.62MSold outHistory
  4. YETIYETI Holdings, Inc.
    −$5.93MSold outHistory
  5. FIVEFive Below, Inc
    −$5.31MSold outHistory

Largest weight decreases

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

  1. TFXTeleflex Inc
    −11.63 pp11.6% → 0.0%History
  2. GDOTGreen Dot Corp
    −6.10 pp20.9% → 14.8%History
  3. ANGIAngi Inc.
    −4.37 pp4.4% → 0.0%History
  4. AIVApartment Investment & Management Co
    −3.48 pp3.5% → 0.0%History
  5. CODICompass Diversified Holdings
    −3.39 pp13.0% → 9.6%History

Metrics

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

Portfolio value
$295.3M
+$105.1M (+55.3%) vs. prior quarter
Positions
27
+4 vs. prior quarter
Top 10 concentration
75.8%
Top 10 as share of value
Turnover
36.7%
Q2 2026, one quarter
Average holding period
2.5 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 $295.3M (Q2 2026)

Q1 2021: $139.5MQ2 2021: $167.6MQ3 2021: $173.8MQ4 2021: $169.0MQ1 2022: $105.3MQ2 2022: $131.9MQ3 2022: $87.4MQ4 2022: $113.6MQ1 2023: $98.6MQ2 2023: $115.2MQ3 2023: $110.7MQ4 2023: $106.0MQ1 2024: $106.1MQ2 2024: $96.6MQ3 2024: $106.6MQ4 2024: $150.1MQ1 2025: $170.1MQ2 2025: $179.7MQ3 2025: $187.0MQ4 2025: $216.8MQ1 2026: $190.2MQ2 2026: $295.3M
Q1 2021Q2 2026
13F filings of Western Standard LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 202627$295.3MGDOTGLASCODIvs. Q1 2026SEC
Q1 2026May 5, 202623$190.2MGDOTCODITFXvs. Q4 2025SEC
Q4 2025Feb 3, 202625$216.8MSEMATECGDOTvs. Q3 2025SEC
Q3 2025Nov 12, 202522$187.0MKROSOSGATECvs. Q2 2025SEC
Q2 2025Aug 14, 202520$179.7MECVTKROSATECvs. Q1 2025SEC
Q1 2025May 15, 202529$170.1MFFNWVTOLKvs. Q4 2024SEC
Q4 2024Feb 14, 202523$150.1MFFNWVTOLABEOvs. Q3 2024SEC
Q3 2024Nov 14, 202421$106.6MEQCVTOLABEOvs. Q2 2024SEC
Q2 2024Aug 14, 202422$96.6MEQCVTOLZUOvs. Q1 2024SEC
Q1 2024May 15, 202422$106.1MMACKVTOLABEOvs. Q4 2023SEC
Q4 2023Feb 14, 202430$106.0MMACKVTOLHSTMvs. Q3 2023SEC
Q3 2023Nov 14, 202328$110.7MMACKVTOLDOLEvs. Q2 2023SEC
Q2 2023Aug 14, 202333$115.2MMACKVTOLECVTvs. Q1 2023SEC
Q1 2023May 15, 202325$98.6MMACKVTOLECVTvs. Q4 2022SEC
Q4 2022Feb 15, 202328$113.6MMACKLHCGOPNTvs. Q3 2022SEC
Q3 2022Nov 14, 202226$87.4MLHCGRLJ.PATPBvs. Q2 2022SEC
Q2 2022Aug 15, 202237$131.9MMacquarie Infrastructure CorDLATufin Software Technologievs. Q1 2022SEC
Q1 2022May 17, 202222$105.3MFHNDLAPFSWvs. Q4 2021SEC
Q4 2021Feb 16, 2022Amended32$169.0MINFOMarlin Business Services CorpForum Energy Technologies INvs. Q3 2021SEC
Q3 2021Nov 15, 202129$173.8MINFOMarlin Business Services CorpXLRNvs. Q2 2021SEC
Q2 2021Aug 16, 202131$167.6MALXNWORKMarlin Business Services Corpvs. Q1 2021SEC
Q1 2021May 17, 202128$139.5MALXNVarian Med Sys IncWORK–SEC

13D and 13G filings

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

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Western Standard LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
FFNWFirst Financial Northwest, Inc.13G/A9.90%917.9K shares–Oct 18, 20242 filingsFeb 14, 2025SEC
GDOTGreen Dot Corp13G/A6.26%3.55M shares+1.25 ppfrom 5.01%May 5, 20262 filingsMay 11, 2026SEC

Latest filings

13 filings on file made by Western Standard LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Western Standard LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
OSGOctave Specialty Group IncMay 11, 20266:10 PM ET13G/A4.99%2.25M shares−0.88 ppfrom 5.87%Below 5%Mar 31, 2026SEC
GDOTGreen Dot CorpMay 11, 20264:09 PM ET13G/A6.26%3.55M shares+1.25 ppfrom 5.01%Mar 31, 2026SEC
GDOTGreen Dot CorpMay 5, 202611:20 AM ET13G5.01%2.81M sharesNewFeb 3, 2026SEC
OSGOctave Specialty Group IncFeb 12, 20265:26 PM ET13G5.87%2.57M sharesNewNov 20, 2025SEC
FFNWFirst Financial Northwest, Inc.Feb 14, 20254:01 PM ET13G/A9.90%917.9K shares–Dec 31, 2024SEC
FFNWFirst Financial Northwest, Inc.Oct 18, 202413GOld format–New–SEC
ORKAOruka Therapeutics, Inc.Apr 5, 202413G/AOld format–––SEC
MACKMerrimack Pharmaceuticals IncDec 13, 202313D/AOld format–––SEC
ORKAOruka Therapeutics, Inc.Sep 11, 202313GOld format–New–SEC
MACKMerrimack Pharmaceuticals IncAug 14, 202313D/AOld format–––SEC
OPNTOpiant Pharmaceuticals, Inc.Feb 15, 202313G/AOld format–––SEC
OPNTOpiant Pharmaceuticals, Inc.Nov 28, 202213GOld format–New–SEC
Marlin Business Services CorpAug 3, 202113GOld format–New–SEC