Western Standard LLC — 13F Holdings & Portfolio
CIK 1517666 · latest 13F-HR filed 2026-05-05
Western Standard LLC manages $190.2M in 13F-reported U.S. long-equity assets across 23 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are GDOT (20.93%), CODI (12.97%), TFX (11.63%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 9 new positions, exited 11, added to 4, and trimmed 8.
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.
$190.2M
Long-equity book
23
Distinct positions
2026-03-31
Filed 2026-05-05
+9 / −11 / ↑4 / ↓8
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- COMPASS DIVERSIFIED$19.1M +341.0%
- GREEN DOT CORP$14.5M +57.1%
- ANGI INC$6.5M +363.1%
- 1ST FINL BANCORP$489.3K +26.1%
Top Trims
- ALPHATEC HLDGS INC-$26.2M -99.1%
- OCTAVE SPECIALTY GROUP INC-$9.0M -46.4%
- INSPERITY INC-$5.4M -64.4%
- INNOSPEC INC-$4.0M -19.4%
- APARTMENT INVT & MGMT CO-$3.4M -33.7%
New Positions
- TELEFLEX INCORPORATED$22.1M
- YETI HLDGS INC$5.9M
- DAVE INC$5.2M
- FRESHPET INC$4.3M
- TERAWULF INC$4.0M
Exited Positions
- SELECT MED HLDGS CORP$30.7M
- BELITE BIO INC$9.6M
- DRIVEN BRANDS HLDGS INC$4.5M
- MISTER CAR WASH INC$4.4M
- QUANEX BLDG PRODS CORP$4.2M
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 | GREEN DOT CORP | GDOT | 39304D102 | $39.8M | 20.93% | 3,546,626 | SH |
| 2 | COMPASS DIVERSIFIED | CODI | 20451Q104 | $24.7M | 12.97% | 3,137,156 | SH |
| 3 | TELEFLEX INCORPORATED | TFX | 879369106 | $22.1M | 11.63% | 184,817 | SH |
| 4 | INNOSPEC INC | IOSP | 45768S105 | $16.6M | 8.71% | 226,833 | SH |
| 5 | OCTAVE SPECIALTY GROUP INC | OSG | 023139884 | $10.5M | 5.50% | 2,247,591 | SH |
| 6 | AVIAT NETWORKS INC | AVNW | 05366Y201 | $9.4M | 4.94% | 415,752 | SH |
| 7 | ANGI INC | ANGI | 00183L201 | $8.3M | 4.37% | 1,213,557 | SH |
| 8 | APARTMENT INVT & MGMT CO | AIV | 03748R747 | $6.6M | 3.48% | 1,626,624 | SH |
| 9 | YETI HLDGS INC | YETI | 98585X104 | $5.9M | 3.12% | 162,000 | SH |
| 10 | FIVE BELOW INC | FIVE | 33829M101 | $5.3M | 2.79% | 23,252 | SH |
| 11 | DAVE INC | DAVE | 23834J201 | $5.2M | 2.76% | 30,156 | SH |
| 12 | INVESCO DB US DLR INDEX TR | UUP | 46141D203 | $5.2M | 2.71% | 185,453 | SH |
| 13 | EZCORP INC | EZPW | 302301106 | $5.1M | 2.69% | 201,679 | SH |
| 14 | FRESHPET INC | FRPT | 358039105 | $4.3M | 2.24% | 72,400 | SH |
| 15 | TERAWULF INC | WULF | 88080T104 | $4.0M | 2.09% | 274,876 | SH |
| 16 | HALLADOR ENERGY COMPANY | HNRG | 40609P105 | $3.7M | 1.96% | 228,662 | SH |
| 17 | INSPERITY INC | NSP | 45778Q107 | $3.0M | 1.56% | 109,933 | SH |
| 18 | WEAVE COMMUNICATIONS INC | WEAV | 94724R108 | $2.4M | 1.25% | 514,093 | SH |
| 19 | 1ST FINL BANCORP | FFBC | 320209109 | $2.4M | 1.24% | 84,857 | SH |
| 20 | ARBUTUS BIOPHARMA CORP | ABUS | 03879J100 | $2.3M | 1.23% | 521,587 | SH |
| 21 | CAMPING WORLD HLDGS INC | CWH | 13462K109 | $2.1M | 1.10% | 307,500 | SH |
| 22 | HAIN CELESTIAL GROUP INC | HAIN | 405217100 | $1.1M | 0.59% | 1,617,037 | SH |
| 23 | ALPHATEC HLDGS INC | ATEC | 02081G201 | $244.7K | 0.13% | 22,493 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-05 | $190.2M | 23 | 0001193125-26-205384 |
| 2025-12-31 | 2026-02-03 | $216.8M | 25 | 0001193125-26-034830 |