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Western Standard LLC — 13F Holdings & Portfolio

CIK 1517666 · latest 13F-HR filed 2026-08-10

Backtest portfolio

Western Standard LLC manages $295.3M in 13F-reported U.S. long-equity assets across 27 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are GDOT (14.83%), GLAS (11.86%), CODI (9.57%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 18 new positions and exited 14; 7 existing positions rose in reported value and 1 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.

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AUM
$295.3M

Long-equity book

Holdings
27

Distinct positions

Period
2026-06-30

Filed 2026-08-10

Q/Q Activity
+18 / −14 / ↑7 / ↓1

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
GDOT14.8% · -9%GLAS11.9% · newCODI9.6% · -16%ABVX9.0% · newAVTR7.1% · newIOSP6.5% · +4%EA6.1% · newOSG4.8% · 0%AHRT3.1% · newSTGW2.9% · newBOBS2.7% · newFRPT2.5% · +76%CWCO2.5% · newAVNW2.3% · -28%FWRG2.2% · newCOO1.8% · newANGO1.7% · newEZPW1.7% · -30%INBX1.5% · newFFBC1.0% · +4%ABUS0.9% · +4%GENI0.8% · newMELI0.8% · newCHWY0.7% · newOLLI0.7% · newRRGB0.2% · newHLLY0.1% · new

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 = 75.8%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Sep 25, 2026.

Assets Under Management
$574.9M
Discretionary
$574.9M
Employees
8
Accounts
3
Address
5757 WILSHIRE BLVD
SUITE 636
LOS ANGELES, CA 90036
Phone
(310) 929-4300
Website
Name Title / Status Ownership Type
ANDERSEN, ERIC, DAVID ControlMANAGING MEMBER
since Jun 2008
75% or moreIndividual
HANEY, MATTHEW, KEVIN ControlCHIEF COMPLIANCE OFFICER
since Sep 2026
Less than 5%Individual
Ownership & leadership changes · 3 filings with changes since Jun 25, 2015

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.

Sep 25, 2026 filing
  • No longer listedMILLS, CYNTHIA, LOUISE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jul 2024
  • AddedHANEY, MATTHEW, KEVIN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Jul 14, 2024 filing
  • AddedMILLS, CYNTHIA, LOUISE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedANDERSEN, ERIC, DAVID · title MANAGING MEMBER & CHIEF COMPLIANCE OFFICER → MANAGING MEMBER
Jun 24, 2016 filing
  • ChangedANDERSEN, ERIC, DAVID · title MANAGING MEMBER → MANAGING MEMBER & CHIEF COMPLIANCE OFFICER
Jun 25, 2015 filing (earliest on record)
  • ListedANDERSEN, ERIC, DAVID · MANAGING MEMBER · 75% or more · 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.

Western Standard LLC 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 GREEN DOT CORP GDOT 39304D102 $43.8M 14.83% 3,240,114 SH
2 GLASS HOUSE BRANDS INC GLAS 377130406 $35.0M 11.86% 2,728,768 SH
3 COMPASS DIVERSIFIED CODI 20451Q104 $28.3M 9.57% 2,651,950 SH
4 ABIVAX SA ABVX 00370M103 $26.7M 9.03% 200,000 SH
5 AVANTOR INC AVTR 05352A100 $20.9M 7.07% 2,109,984 SH
6 INNOSPEC INC IOSP 45768S105 $19.3M 6.53% 236,833 SH
7 ELECTRONIC ARTS INC EA 285512109 $18.0M 6.10% 87,900 SH
8 OCTAVE SPECIALTY GROUP INC OSG 023139884 $14.0M 4.75% 2,247,591 SH
9 AH RLTY TR INC AHRT 04208T108 $9.2M 3.11% 1,295,429 SH
10 STAGWELL INC STGW 85256A109 $8.7M 2.94% 1,167,276 SH
11 BOBS DISC FURNITURE INC BOBS 09681N106 $8.0M 2.70% 502,997 SH
12 FRESHPET INC FRPT 358039105 $7.5M 2.55% 127,300 SH
13 CONSOLIDATED WATER CO INC CWCO G23773107 $7.4M 2.52% 252,056 SH
14 AVIAT NETWORKS INC AVNW 05366Y201 $6.7M 2.26% 301,028 SH
15 FIRST WATCH RESTAURANT GROUP FWRG 33748L101 $6.6M 2.24% 513,240 SH
16 COOPER COS INC COO 216648501 $5.2M 1.77% 72,900 SH
17 ANGIODYNAMICS INC ANGO 03475V101 $5.0M 1.71% 387,188 SH
18 EZCORP INC EZPW 302301106 $4.9M 1.65% 140,979 SH
19 INHIBRX BIOSCIENCES INC INBX 45720N103 $4.5M 1.51% 47,000 SH
20 1ST FINL BANCORP FFBC 320209109 $3.0M 1.01% 88,357 SH
21 ARBUTUS BIOPHARMA CORP ABUS 03879J100 $2.6M 0.88% 542,787 SH
22 GENIUS SPORTS LIMITED GENI G3934V109 $2.4M 0.82% 400,000 SH
23 MERCADOLIBRE INC MELI 58733R102 $2.4M 0.80% 1,400 SH
24 CHEWY INC CHWY 16679L109 $2.2M 0.74% 111,229 SH
25 OLLIES BARGAIN OUTLET HLDGS OLLI 681116109 $2.2M 0.73% 28,000 SH
26 RED ROBIN GOURMET BURGERS IN RRGB 75689M101 $706.5K 0.24% 88,418 SH
27 HOLLEY INC HLLY 43538H103 $236.9K 0.08% 92,896 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-10 $295.3M 27 0001193125-26-342238
2026-03-31 2026-05-05 $190.2M 23 0001193125-26-205384
2025-12-31 2026-02-03 $216.8M 25 0001193125-26-034830
Filer Information
Address
5757 WILSHIRE BLVD
SUITE 636
LOS ANGELES, CA 90036
Phone
(310) 929-4303
Filing Manager
Western Standard LLC
Los Angeles, CA
Signatory
Tracy Gunter
Director of Operations