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BARD ASSOCIATES INC — 13F Holdings & Portfolio

CIK 1105907 · latest 13F-HR filed 2026-08-12

Backtest portfolio

BARD ASSOCIATES INC manages $450.5M in 13F-reported U.S. long-equity assets across 293 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are JAAA (5.65%), PFF (4.69%), COHR (4.66%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 53 new positions and exited 53; 134 existing positions rose in reported value and 67 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$450.5M

Long-equity book

Holdings
293

Distinct positions

Period
2026-06-30

Filed 2026-08-12

Q/Q Activity
+53 / −53 / ↑134 / ↓67

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
JAAA5.7% · +0%PFF4.7% · +0%COHR4.7% · -1%FFC4.4% · +1%SCHO3.5% · +28%AEHR3.3% · -12%REZ3.1% · +1%VNQ3.0% · +0%MAMA2.7% · -2%AMPG2.3% · -8%ODC2.2% · -2%OSS2.1% · -3%AMLP2.0% · -1%KYN1.9% · +6%TYG1.9% · -0%ENSG1.8% · -0%AROC1.6% · -1%NEE1.5% · -1%BKTI1.3% · -0%TPZ1.2% · -0%FIP1.2% · -1%VPU1.2% · +1%LGCY1.2% · -1%ACU1.1% · -1%OR1.1% · -1%ACNT1.1% · -1%USAC1.1% · -0%BOF1.1% · -0%LEGH1.0% · -0%WPM1.0% · -1%LIFE1.0% · newGPGI1.0% · -1%FTK1.0% · -0%MPTI1.0% · -48%CLMB0.9% · +7904%GDXJ0.9% · +2%VMD0.9% · -0%INTT0.8% · -0%EQX0.8% · -1%CRGO0.8% · +213%CSV0.8% · -2%ELWT0.8% · +22%TGEN0.8% · -1%KTOS0.8% · -1%CMT0.8% · -1%LGL0.8% · -0%GOLD0.7% · -2%PCYO0.7% · -1%KWY0.6% · +0%USPH0.6% · -1%RGLD0.6% · -1%CXDO0.6% · -40%KWR0.6% · -2%BUDA0.6% · -0%SMID0.5% · -1%ALCO0.5% · -0%BRK.B0.5% · +0%MOB0.5% · -1%TRGP0.5% · 0%FNV0.4% · -1%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 37.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated May 22, 2026.

Assets Under Management
$416.2M
Discretionary
$416.2M
Employees
10
Accounts
388
Address
233 SOUTH WACKER DRIVE
SUITE 4400
CHICAGO, IL 60606
Phone
(312) 782-9600
Website
Name Title / Status Ownership Type
DEMARAY, MICHAEL, YOUNG ControlPRESIDENT
since Jan 2024
75% or moreIndividual
HEINIG, RANDY, JAMESCHIEF COMPLIANCE OFFICER
since Jan 2026
Less than 5%Individual
JOHNSON, TIMOTHY, BARDTREASURER
since Nov 1982
Less than 5%Individual
Ownership & leadership changes · 9 filings with changes since Mar 22, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

May 22, 2026 filing
  • ChangedHEINIG, RANDY, JAMES · no longer a control person
Mar 13, 2026 filing
  • No longer listedJOHNSON, ALEXIS, BARD · SHAREHOLDER · 10–25% · listed since Jan 2018
  • AddedHEINIG, RANDY, JAMES · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedDEMARAY, MICHAEL, YOUNG · title PRESIDENT AND CHIEF COMPLIANCE OFFICER → PRESIDENT
  • ChangedJOHNSON, TIMOTHY, BARD · title FOUNDER → TREASURER; ownership 5–10% → Less than 5%; no longer a control person
Mar 24, 2025 filing
  • ChangedDEMARAY, MICHAEL, YOUNG · ownership 50–75% → 75% or more
  • ChangedJOHNSON, TIMOTHY, BARD · ownership 25–50% → 5–10%
Mar 12, 2024 filing
  • ChangedDEMARAY, MICHAEL, YOUNG · title CHIEF COMPLIANCE OFFICER → PRESIDENT AND CHIEF COMPLIANCE OFFICER; ownership 25–50% → 50–75%
  • ChangedJOHNSON, TIMOTHY, BARD · title PRESIDENT → FOUNDER
Mar 24, 2023 filing
  • ChangedDEMARAY, MICHAEL, YOUNG · ownership 10–25% → 25–50%
  • ChangedJOHNSON, TIMOTHY, BARD · ownership 50–75% → 25–50%
Jan 27, 2022 filing
  • ChangedDEMARAY, MICHAEL, YOUNG · ownership Less than 5% → 10–25%
  • ChangedJOHNSON, TIMOTHY, BARD · ownership 75% or more → 50–75%
Mar 29, 2019 filing
  • No longer listedESCAMILLA, ELINOR · SHAREHOLDER · 10–25% · listed since Jan 2018
  • ChangedJOHNSON, TIMOTHY, BARD · ownership 50–75% → 75% or more
Oct 4, 2018 filing
  • AddedESCAMILLA, ELINOR · SHAREHOLDER · 10–25%
  • AddedJOHNSON, ALEXIS, BARD · SHAREHOLDER · 10–25%
Mar 27, 2018 filing
  • No longer listedSCHUTZ, KATHRYN, ANNE · EXECUTIVE VICE PRESIDENT · Less than 5% · control person · listed since Oct 2004
  • ChangedJOHNSON, TIMOTHY, BARD · ownership 75% or more → 50–75%
Mar 22, 2012 filing (earliest on record)
  • ListedDEMARAY, MICHAEL, YOUNG · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedJOHNSON, TIMOTHY, BARD · PRESIDENT · 75% or more · control person
  • ListedSCHUTZ, KATHRYN, ANNE · EXECUTIVE VICE PRESIDENT · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

BARD ASSOCIATES INC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 JANUS DETROIT STR TR JAAA 47103U845 $25.5M 5.65% 502,312 SH
2 ISHARES TR PFF 464288687 $21.1M 4.69% 693,046 SH
3 COHERENT CORP COHR 19247G107 $21.0M 4.66% 53,200 SH
4 FLAHERTY & CRUMRIN PFD & INM FFC 338478100 $20.0M 4.44% 1,227,796 SH
5 SCHWAB STRATEGIC TR SCHO 808524862 $15.8M 3.50% 653,377 SH
6 AEHR TEST SYS AEHR 00760J108 $15.1M 3.35% 156,900 SH
7 ISHARES TR REZ 464288562 $13.9M 3.09% 147,066 SH
8 VANGUARD INDEX FDS VNQ 922908553 $13.4M 2.98% 139,298 SH
9 MAMAS CREATIONS INC MAMA 56146T103 $12.1M 2.68% 676,338 SH
10 AMPLITECH GROUP INC AMPG 03211Q200 $10.3M 2.28% 1,477,265 SH
11 OIL DRI CORP AMER ODC 677864100 $10.1M 2.24% 98,537 SH
12 ONE STOP SYS INC OSS 68247W109 $9.6M 2.12% 526,370 SH
13 ALPS ETF TR AMLP 00162Q452 $8.9M 1.97% 171,562 SH
14 KAYNE ANDERSON ENERGY INFRST KYN 486606106 $8.6M 1.92% 624,480 SH
15 TORTOISE ENERGY INFRSTRCTR C TYG 89147L886 $8.4M 1.87% 196,455 SH
16 ENSIGN GROUP INC ENSG 29358P101 $7.9M 1.76% 49,450 SH
17 ARCHROCK INC AROC 03957W106 $7.3M 1.63% 180,128 SH
18 NEXTERA ENERGY INC NEE 65339F101 $6.7M 1.49% 76,691 SH
19 BK TECHNOLOGIES CORPORATION BKTI 05587G203 $5.9M 1.31% 68,735 SH
20 TORTOISE CAPITAL SERIES TRUS TPZ 890930100 $5.6M 1.23% 253,897 SH
21 FTAI INFRASTRUCTURE INC FIP 35953C106 $5.6M 1.23% 1,196,467 SH
22 VANGUARD WORLD FD VPU 92204A876 $5.3M 1.18% 27,133 SH
23 LEGACY ED INC LGCY 52474R207 $5.2M 1.16% 444,279 SH
24 ACME UTD CORP ACU 004816104 $5.2M 1.15% 108,195 SH
25 OR ROYALTIES INC OR 68390D106 $5.1M 1.14% 161,823 SH
26 ASCENT INDUSTRIES CO ACNT 871565107 $4.8M 1.07% 321,984 SH
27 USA COMPRESSION PARTNERS LP USAC 90290N109 $4.8M 1.07% 183,250 SH
28 BRANCHOUT FOOD INC BOF 105230106 $4.7M 1.05% 1,030,329 SH
29 LEGACY HOUSING CORP LEGH 52472M101 $4.7M 1.05% 179,679 SH
30 WHEATON PRECIOUS METALS CORP WPM 962879102 $4.6M 1.02% 41,037 SH
31 ETHOS TECHNOLOGIES INC LIFE 29765A101 $4.5M 1.00% 248,220 SH
32 GPGI INC GPGI 20459V105 $4.5M 1.00% 283,514 SH
33 FLOTEK INDUSTRIES INC FTK 343389409 $4.5M 0.99% 190,348 SH
34 M-TRON INDS INC MPTI 55380K109 $4.4M 0.98% 44,578 SH
35 CLIMB GLOBAL SOLUTIONS INC CLMB 946760105 $4.2M 0.93% 180,561 SH
36 VANECK ETF TRUST GDXJ 92189F791 $4.1M 0.91% 41,699 SH
37 VIEMED HEALTHCARE INC VMD 92663R105 $3.9M 0.86% 339,672 SH
38 INTEST CORP INTT 461147100 $3.8M 0.85% 210,598 SH
39 EQUINOX GOLD CORP EQX 29446Y502 $3.8M 0.84% 387,156 SH
40 FREIGHTOS LTD CRGO G51405101 $3.7M 0.83% 2,452,274 SH
41 CARRIAGE SVCS INC CSV 143905107 $3.7M 0.83% 97,068 SH
42 ELAUWIT CONNECTION INC ELWT 28417M109 $3.6M 0.81% 506,039 SH
43 TECOGEN INC NEW TGEN 87876P201 $3.6M 0.79% 682,221 SH
44 KRATOS DEFENSE & SEC SOLUTIO KTOS 50077B207 $3.5M 0.77% 69,698 SH
45 CORE MOLDING TECHNOLOGIES IN CMT 218683100 $3.4M 0.75% 143,550 SH
46 LGL GROUP INC LGL 50186A108 $3.4M 0.75% 488,923 SH
47 GOLD COM INC GOLD 00181T107 $3.4M 0.75% 80,754 SH
48 PURE CYCLE CORP PCYO 746228303 $3.3M 0.74% 311,023 SH
49 KINGSWAY CORP KWY 496904202 $2.9M 0.65% 279,274 SH
50 U S PHYSICAL THERAPY USPH 90337L108 $2.9M 0.65% 42,368 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-12 $450.5M 293 0001105907-26-000023
2026-03-31 2026-05-08 $398.5M 293 0001105907-26-000009
2025-12-31 2026-02-13 $389.5M 241 0001105907-26-000003
Filer Information
Address
233 SOUTH WACKER DRIVE
SUITE 4400
CHICAGO, IL 60606
Phone
(312) 782-9600
Filing Manager
BARD ASSOCIATES INC
CHICAGO, IL
Signatory
Molly Wheeler
Compliance Consultant