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Livermore
Livermore
ZHEN

Private Capital Management, LLC

SEC CIK
0001588456
Latest filing
Aug 14, 2026

The latest 13F from Private Capital Management, LLC covers Q2 2026 (filed Aug 14, 2026): 179 long positions worth $1.10B. The top 10 holdings make up 46.5% of the portfolio, and the largest is Quinstreet, Inc (QNST) at 6.2%. Livermore has 22 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
12
Est. +$17.1M
Added
75
Est. +$49.8M
Reduced
43
Est. −$76.1M
Sold out
10
Est. −$43.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. QNSTQuinstreet, Inc
    6.2%$68.8MHistory
  2. HROWHarrow, Inc.
    6.2%$67.9MHistory
  3. THTarget Hospitality Corp.
    6.0%$66.4MHistory
  4. LGNDLigand Pharmaceuticals Inc
    4.8%$52.5MHistory
  5. PERIPerion Network Ltd.
    4.5%$49.8MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. BBSIBarrett Business Services Inc
    +$7.43MAddedHistory
  2. ONTOnterris, Inc.
    +$6.01MNewHistory
  3. VRRMVerra Mobility Corp
    +$4.46MNewHistory
  4. QNSTQuinstreet, Inc
    +$4.16MAddedHistory
  5. Iwg PLC OrdG4969N103
    +$3.94MAdded

Largest weight increases

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

  1. BBSIBarrett Business Services Inc
    +0.92 pp3.0% → 3.9%History
  2. QNSTQuinstreet, Inc
    +0.84 pp5.4% → 6.2%History
  3. LNTHLantheus Holdings, Inc.
    +0.84 pp2.8% → 3.6%History
  4. MPAAMotorcar Parts of America Inc
    +0.67 pp2.6% → 3.3%History
  5. HROWHarrow, Inc.
    +0.55 pp5.6% → 6.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. THTarget Hospitality Corp.
    −$28.5MReducedHistory
  2. JEFJefferies Financial Group Inc.
    −$21.2MSold outHistory
  3. ATROAstronics Corp
    −$20.3MReducedHistory
  4. SNEXStoneX Group Inc.
    −$18.8MSold outHistory
  5. LGNDLigand Pharmaceuticals Inc
    −$11.2MReducedHistory

Largest weight decreases

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

  1. JEFJefferies Financial Group Inc.
    −2.16 pp2.2% → 0.0%History
  2. SNEXStoneX Group Inc.
    −1.91 pp1.9% → 0.0%History
  3. ATROAstronics Corp
    −1.65 pp2.2% → 0.5%History
  4. TROXTronox Holdings plc
    −0.98 pp1.7% → 0.7%History
  5. Secure Waste Infrastructure Corp813921103
    −0.37 pp3.2% → 2.8%

Metrics

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

Portfolio value
$1.10B
+$120.7M (+12.3%) vs. prior quarter
Positions
179
+2 vs. prior quarter
Top 10 concentration
46.5%
Top 10 as share of value
Turnover
6.4%
Q2 2026, one quarter
Average holding period
15.3 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 $1.10B (Q2 2026)

Q1 2021: $547.8MQ2 2021: $625.7MQ3 2021: $624.9MQ4 2021: $647.2MQ1 2022: $664.5MQ2 2022: $631.4MQ3 2022: $655.1MQ4 2022: $733.0MQ1 2023: $838.5MQ2 2023: $826.3MQ3 2023: $828.9MQ4 2023: $881.0MQ1 2024: $885.4MQ2 2024: $843.2MQ3 2024: $913.3MQ4 2024: $938.1MQ1 2025: $895.6MQ2 2025: $987.2MQ3 2025: $1.08BQ4 2025: $1.05BQ1 2026: $981.9MQ2 2026: $1.10B
Q1 2021Q2 2026
13F filings of Private Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026179$1.10BQNSTHROWTHvs. Q1 2026SEC
Q1 2026May 15, 2026177$981.9MHROWQNSTPERIvs. Q4 2025SEC
Q4 2025Feb 17, 2026165$1.05BHROWQNSTKKRvs. Q3 2025SEC
Q3 2025Nov 14, 2025148$1.08BHROWQNSTBBSIvs. Q2 2025SEC
Q2 2025Aug 14, 2025138$987.2MQNSTHROWBBSIvs. Q1 2025SEC
Q1 2025May 15, 2025131$895.6MQNSTLNTHHROWvs. Q4 2024SEC
Q4 2024Feb 14, 2025126$938.1MQNSTHROWBBSIvs. Q3 2024SEC
Q3 2024Nov 14, 2024123$913.3MHROWQNSTLNTHvs. Q2 2024SEC
Q2 2024Aug 14, 2024128$843.2MQNSTHROWTHvs. Q1 2024SEC
Q1 2024May 15, 2024126$885.4MQNSTTHKKRvs. Q4 2023SEC
Q4 2023Feb 14, 2024129$881.0MQNSTTHKKRvs. Q3 2023SEC
Q3 2023Nov 14, 2023132$828.9MTHPERIKKRvs. Q2 2023SEC
Q2 2023Aug 14, 2023133$826.3MTHPERIQNSTvs. Q1 2023SEC
Q1 2023May 15, 2023113$838.5MTHQNSTPERIvs. Q4 2022SEC
Q4 2022Feb 14, 2023112$733.0MTHQNSTPERIvs. Q3 2022SEC
Q3 2022Nov 14, 2022113$655.1MTHQNSTPERIvs. Q2 2022SEC
Q2 2022Aug 15, 202281$631.4MQNSTLNTHSNEXvs. Q1 2022SEC
Q1 2022May 16, 202283$664.5MLNTHKKRQNSTvs. Q4 2021SEC
Q4 2021Feb 14, 202237$647.2MQNSTKKRPERIvs. Q3 2021SEC
Q3 2021Nov 15, 202139$624.9MEcn Cap Corp ComQNSTKKRvs. Q2 2021SEC
Q2 2021Aug 16, 202136$625.7MEcn Cap Corp ComQNSTKKRvs. Q1 2021SEC
Q1 2021May 17, 202133$547.8MQNSTEcn Cap Corp ComKKR–SEC

13D and 13G filings

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

Current stakes of 5% or more

3 companies, largest stake first.

Companies where Private Capital Management, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
PERIPerion Network Ltd.13G/A10.43%4.22M shares–Feb 5, 20214 filingsFeb 6, 2026SEC
BBSIBarrett Business Services Inc13G5.13%1.26M shares–Feb 5, 20243 filingsJul 6, 2026SEC
AIOTPowerfleet, Inc.13D/A5.12%6.79M shares–Feb 4, 20227 filingsFeb 21, 2025SEC

Latest filings

57 filings on file made by Private Capital Management, LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Private Capital Management, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
THTarget Hospitality Corp.Jul 6, 20265:24 PM ET13G/A3.70%3.70M shares−1.39 ppfrom 5.09%Below 5%Jun 30, 2026SEC
BBSIBarrett Business Services IncJul 6, 20264:40 PM ET13G5.13%1.26M shares–Jun 30, 2026SEC
THTarget Hospitality Corp.Apr 2, 202611:08 AM ET13G5.09%5.10M shares+0.12 ppfrom 4.97%Mar 31, 2026SEC
PERIPerion Network Ltd.Feb 6, 20265:16 PM ET13G/A10.43%4.22M shares–Nov 30, 2025SEC
THTarget Hospitality Corp.Nov 4, 202511:42 AM ET13G/A4.97%4.96M shares–Below 5%Sep 30, 2025SEC
FNWBFirst Northwest BancorpNov 4, 202511:39 AM ET13G/A4.49%423.2K shares–Below 5%Sep 30, 2025SEC
AIOTPowerfleet, Inc.Feb 21, 20253:18 PM ET13D/A5.12%6.79M shares–Feb 21, 2025SEC
PERIPerion Network Ltd.Oct 1, 202413GOld format–––SEC
BBSIBarrett Business Services IncSep 24, 202413G/AOld format–––SEC
MPAAMotorcar Parts of America IncSep 12, 202413GOld format–––SEC
AIOTPowerfleet, Inc.May 6, 202413DOld format–––SEC
THTarget Hospitality Corp.Feb 5, 202413G/AOld format–––SEC
QNSTQuinstreet, IncFeb 5, 202413G/AOld format–––SEC
AIOTPowerfleet, Inc.Feb 5, 202413G/AOld format–––SEC
LAKELakeland Industries IncFeb 5, 202413G/AOld format–––SEC
IIIInformation Services Group Inc.Feb 5, 202413G/AOld format–––SEC
FNWBFirst Northwest BancorpFeb 5, 202413G/AOld format–––SEC
BBSIBarrett Business Services IncFeb 5, 202413GOld format–New–SEC
ASURAsure Software IncFeb 5, 202413G/AOld format–––SEC
MPAAMotorcar Parts of America IncFeb 1, 202413G/AOld format–––SEC