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Livermore
Livermore
ZHEN

Fund 1 Investments, LLC

SEC CIK
0001959730
Latest filing
Aug 14, 2026

The latest 13F from Fund 1 Investments, LLC covers Q2 2026 (filed Aug 14, 2026): 45 long positions worth $568.8M. The top 10 holdings make up 65.1% of the portfolio, and the largest is Citi Trends Inc (CTRN) at 18.5%. Livermore has 15 filings on Form 13F from this institution, going back to Q4 2022.

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. +$134.8M
Added
5
Est. +$49.0M
Reduced
13
Est. −$243.0M
Sold out
41
Est. −$225.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. CTRNCiti Trends Inc
    18.5%$105.5MHistory
  2. JMIAJumia Technologies AG
    11.5%$65.3MHistory
  3. TLYSTilly's, Inc.
    5.9%$33.8MHistory
  4. FNKOFunko, Inc.
    5.5%$31.1MHistory
  5. GOGrocery Outlet Holding Corp.
    4.8%$27.3MHistory

Share of portfolio

Top 5 holdings and the other 40 positions, by share of portfolio value

  1. CTRN18.5%
  2. JMIA11.5%
  3. TLYS5.9%
  4. FNKO5.5%
  5. GO4.8%
  6. Other 40 positions53.8%

Biggest buys

New and added positions, by estimated amount bought

  1. GOGrocery Outlet Holding Corp.
    +$27.3MNewHistory
  2. PUMPProPetro Holding Corp.
    +$24.8MAddedHistory
  3. TTMITTM Technologies Inc
    +$13.6MNewHistory
  4. FIVEFive Below, Inc
    +$13.1MNewHistory
  5. AAPAdvance Auto Parts Inc
    +$13.0MNewHistory

Largest weight increases

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

  1. GOGrocery Outlet Holding Corp.
    +4.79 pp0.0% → 4.8%History
  2. PUMPProPetro Holding Corp.
    +4.40 pp0.1% → 4.5%History
  3. JILLJ.Jill, Inc.
    +2.70 pp1.0% → 3.7%History
  4. TTMITTM Technologies Inc
    +2.40 pp0.0% → 2.4%History
  5. FIVEFive Below, Inc
    +2.30 pp0.0% → 2.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VFCV F Corp
    −$48.5MSold outHistory
  2. CTRNCiti Trends Inc
    −$43.4MReducedHistory
  3. RDDTReddit, Inc.
    −$42.3MReducedHistory
  4. NVRIEnviri Corp
    −$29.5MSold outHistory
  5. CELHCelsius Holdings, Inc.
    −$28.3MReducedHistory

Largest weight decreases

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

  1. VFCV F Corp
    −6.32 pp6.3% → 0.0%History
  2. CELHCelsius Holdings, Inc.
    −4.14 pp7.3% → 3.1%History
  3. NVRIEnviri Corp
    −3.84 pp3.8% → 0.0%History
  4. CPNGCoupang, Inc.
    −3.82 pp4.1% → 0.3%History
  5. RDDTReddit, Inc.
    −3.19 pp5.7% → 2.6%History

Metrics

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

Portfolio value
$568.8M
−$198.7M (−25.9%) vs. prior quarter
Positions
45
−17 vs. prior quarter
Top 10 concentration
65.1%
Top 10 as share of value
Turnover
27.5%
Q2 2026, one quarter
Average holding period
7.4 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 (Q4 2022), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $814.8M (Q3 2025)

Q4 2022: $220.1MQ1 2023: $288.4MQ2 2023: $232.2MQ3 2023: $261.1MQ4 2023: $460.2MQ1 2024: $614.7MQ2 2024: $724.0MQ3 2024: $641.1MQ4 2024: $728.8MQ1 2025: $590.8MQ2 2025: $705.1MQ3 2025: $814.8MQ4 2025: $690.8MQ1 2026: $767.5MQ2 2026: $568.8M
Q4 2022Q2 2026
13F filings of Fund 1 Investments, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202645$568.8MCTRNJMIATLYSvs. Q1 2026SEC
Q1 2026May 15, 202662$767.5MCTRNJMIACELHvs. Q4 2025SEC
Q4 2025Feb 17, 202649$690.8MJMIACTRNNVRIvs. Q3 2025SEC
Q3 2025Nov 14, 202553$814.8MNVRICTRNTTSHvs. Q2 2025SEC
Q2 2025Aug 14, 202548$705.1MCTRNTTSHNVRIvs. Q1 2025SEC
Q1 2025May 15, 202543$590.8MTTSHBJRICTRNvs. Q4 2024SEC
Q4 2024Feb 14, 202557$728.8MBJRITTSHCTRNvs. Q3 2024SEC
Q3 2024Nov 14, 202458$641.1MLBTYABJRITTSHvs. Q2 2024SEC
Q2 2024Aug 14, 202455$724.0MBJRITTSHCTRNvs. Q1 2024SEC
Q1 2024May 15, 202439$614.7MBJRIHIBBTPRvs. Q4 2023SEC
Q4 2023Feb 14, 202443$460.2MBJRITLYSHIBBvs. Q3 2023SEC
Q3 2023Nov 14, 202354$261.1MTLYSJILLTTSHvs. Q2 2023SEC
Q2 2023Aug 14, 202365$232.2MTLYSJILLTTSHvs. Q1 2023SEC
Q1 2023May 15, 202357$288.4MTLYSJILLTTSHvs. Q4 2022SEC
Q4 2022Feb 14, 202348$220.1MTLYSARHSPLYA–SEC

13D and 13G filings

Companies where Fund 1 Investments, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

11 companies, largest stake first.

Companies where Fund 1 Investments, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
TTSHTile Shop Holdings, Inc.13D/A28.80%12.9M shares0.00 ppfrom 28.80%Jan 10, 202310 filingsDec 16, 2025SEC
TLYSTilly's, Inc.13D/A24.90%5.80M shares−9.90 ppfrom 34.80%Jan 10, 202320 filingsSep 8, 2026SEC
CTRNCiti Trends Inc13D/A21.90%1.82M shares−9.20 ppfrom 31.10%Sep 28, 202317 filingsJun 25, 2026SEC
DXLGDestination XL Group, Inc.13D/A10.60%5.76M shares0.00 ppfrom 10.60%Feb 14, 20247 filingsJan 22, 2025SEC
CURVTorrid Holdings Inc.13G/A10.50%10.4M shares+1.64 ppfrom 8.86%Dec 12, 20243 filingsJul 8, 2025SEC
XPOFXponential Fitness, Inc.13D/A9.90%4.16M shares0.00 ppfrom 9.90%Aug 25, 20262 filingsSep 30, 2026SEC
FNKOFunko, Inc.13D/A9.80%5.50M shares+0.39 ppfrom 9.41%Nov 14, 20248 filingsSep 22, 2026SEC
FLWS1 800 Flowers Com Inc13G/A9.60%3.55M shares−5.04 ppfrom 14.64%Feb 14, 20248 filingsAug 14, 2026SEC
JILLJ.Jill, Inc.13G8.89%1.33M shares+5.21 ppfrom 3.68%Jul 19, 20235 filingsAug 14, 2026SEC
JMIAJumia Technologies AG13G/A7.48%18.5M shares−2.47 ppfrom 9.95%Nov 12, 20253 filingsAug 14, 2026SEC
GCOGenesco Inc13G5.49%610.0K shares+1.57 ppfrom 3.92%May 15, 20253 filingsAug 14, 2026SEC

Latest filings

129 filings on file made by Fund 1 Investments, LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Fund 1 Investments, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
XPOFXponential Fitness, Inc.Sep 30, 20268:45 PM ET13D/A9.90%4.16M shares0.00 ppfrom 9.90%Sep 28, 2026SEC
FNKOFunko, Inc.Sep 22, 20267:00 PM ET13D/A9.80%5.50M shares+0.39 ppfrom 9.41%Sep 18, 2026SEC
TLYSTilly's, Inc.Sep 8, 20266:40 PM ET13D/A24.90%5.80M shares−9.90 ppfrom 34.80%Sep 3, 2026SEC
XPOFXponential Fitness, Inc.Aug 25, 20264:51 PM ET13D9.90%4.17M sharesNewJul 8, 2026SEC
JILLJ.Jill, Inc.Aug 14, 20265:04 PM ET13G8.89%1.33M shares+5.21 ppfrom 3.68%Jun 30, 2026SEC
JMIAJumia Technologies AGAug 14, 20265:04 PM ET13G/A7.48%18.5M shares−2.47 ppfrom 9.95%Jun 30, 2026SEC
FLWS1 800 Flowers Com IncAug 14, 20265:03 PM ET13G/A9.60%3.55M shares−5.04 ppfrom 14.64%Jun 30, 2026SEC
GCOGenesco IncAug 14, 20265:03 PM ET13G5.49%610.0K shares+1.57 ppfrom 3.92%Jun 30, 2026SEC
WWWW International, Inc.Aug 14, 20265:02 PM ET13G/A4.23%422.5K shares−3.57 ppfrom 7.80%Below 5%Jun 30, 2026SEC
CTRNCiti Trends IncJun 25, 20268:46 AM ET13D/A21.90%1.82M shares−9.20 ppfrom 31.10%Jun 24, 2026SEC
FNKOFunko, Inc.Jun 18, 20264:17 PM ET13D/A9.41%5.26M shares−0.36 ppfrom 9.77%Jun 12, 2026SEC
WWWW International, Inc.May 15, 20264:21 PM ET13G7.80%779.6K sharesNewMar 31, 2026SEC
JMIAJumia Technologies AGMay 15, 20264:20 PM ET13G/A9.95%24.6M shares+2.12 ppfrom 7.83%Mar 31, 2026SEC
GCOGenesco IncMay 15, 20264:20 PM ET13G/A3.92%425.3K shares−6.03 ppfrom 9.95%Below 5%Mar 31, 2026SEC
NVRIEnviri CorpMay 15, 20264:19 PM ET13G/A1.82%1.50M shares−3.50 ppfrom 5.32%Below 5%Mar 31, 2026SEC
SFIXStitch Fix, Inc.May 15, 20264:19 PM ET13G/A1.62%1.97M shares−3.79 ppfrom 5.41%Below 5%Dec 31, 2025SEC
FNKOFunko, Inc.Apr 21, 20267:27 PM ET13D/A9.77%5.42M shares+0.27 ppfrom 9.50%Apr 16, 2026SEC
FNKOFunko, Inc.Mar 16, 20268:54 PM ET13D/A9.50%5.27M shares−0.46 ppfrom 9.96%Mar 16, 2026SEC
FNKOFunko, Inc.Feb 19, 20267:36 PM ET13D9.96%5.45M shares+0.07 ppfrom 9.89%Feb 19, 2026SEC
NVRIEnviri CorpFeb 17, 20267:15 PM ET13G/A5.32%4.29M shares−4.21 ppfrom 9.53%Dec 31, 2025SEC