Pillsbury Lake Capital LLC — 13F Holdings & Portfolio
CIK 2111915 · latest 13F-HR filed 2026-05-14
Pillsbury Lake Capital LLC manages $221.2M in 13F-reported U.S. long-equity assets across 32 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are LINC (7.00%), TPB (6.67%), BGSI (5.67%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 11 new positions, exited 9, added to 4, and trimmed 12.
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.
$221.2M
Long-equity book
32
Distinct positions
2026-03-31
Filed 2026-05-14
+11 / −9 / ↑4 / ↓12
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- CRONOS GROUP INC$5.8M +119.2%
- STRATA CRITICAL MEDICAL INC$1.4M +14.4%
- CLEAN HARBORS INC$1.3M +24.3%
- CHAIN BRIDGE BANCORP INC$304.0K +48.0%
Top Trims
- GPGI INC-$10.0M -84.3%
- CAVCO INDS INC DEL-$7.5M -49.4%
- CRITEO S A-$5.7M -59.7%
- LUXEXPERIENCE BV-$3.2M -25.3%
- TURNING PT BRANDS INC-$2.6M -15.0%
New Positions
- ETON PHARMACEUTICALS INC$9.0M
- FLYWIRE CORPORATION$9.0M
- UNIVERSAL TECHNICAL INST INC$7.9M
- LUMEXA IMAGING HOLDINGS INC$7.0M
- CROCS INC$6.6M
Exited Positions
- NCR ATLEOS CORPORATION$10.2M
- MAGNITE INC$9.5M
- KILROY RLTY CORP$8.4M
- GRUPO AEROPORTUARIO DEL SURE$6.5M
- KASPI KZ JSC$6.3M
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 | LINCOLN EDL SVCS CORP | LINC | 533535100 | $15.5M | 7.00% | 380,568 | SH |
| 2 | TURNING PT BRANDS INC | TPB | 90041L105 | $14.8M | 6.67% | 170,058 | SH |
| 3 | BOYD GROUP SERVICES INC | BGSI | 103310108 | $12.5M | 5.67% | 98,256 | SH |
| 4 | BUILD-A-BEAR WORKSHOP INC | BBW | 120076104 | $12.4M | 5.59% | 330,102 | SH |
| 5 | COMPASS INC | COMP | 20464U100 | $11.7M | 5.29% | 1,602,329 | SH |
| 6 | STRATA CRITICAL MEDICAL INC | SRTA | 092667104 | $10.9M | 4.92% | 2,603,796 | SH |
| 7 | CRONOS GROUP INC | CRON | 22717L101 | $10.6M | 4.79% | 4,223,004 | SH |
| 8 | LUXEXPERIENCE BV | LUXE | 55406W103 | $9.4M | 4.25% | 1,176,568 | SH |
| 9 | ETON PHARMACEUTICALS INC | ETON | 29772L108 | $9.0M | 4.07% | 364,954 | SH |
| 10 | FLYWIRE CORPORATION | FLYW | 302492103 | $9.0M | 4.06% | 771,376 | SH |
| 11 | PDF SOLUTIONS INC | PDFS | 693282105 | $8.9M | 4.00% | 270,668 | SH |
| 12 | KURA SUSHI USA INC | KRUS | 501270102 | $8.3M | 3.74% | 118,561 | SH |
| 13 | UNIVERSAL TECHNICAL INST INC | UTI | 913915104 | $7.9M | 3.59% | 219,902 | SH |
| 14 | CAVCO INDS INC DEL | CVCO | 149568107 | $7.6M | 3.45% | 15,774 | SH |
| 15 | HNI CORP | HNI | 404251100 | $7.4M | 3.34% | 221,201 | SH |
| 16 | LUMEXA IMAGING HOLDINGS INC | LMRI | 550249106 | $7.0M | 3.17% | 814,869 | SH |
| 17 | BACKBLAZE INC | BLZE | 05637B105 | $6.8M | 3.06% | 1,961,283 | SH |
| 18 | CROCS INC | CROX | 227046109 | $6.6M | 3.00% | 79,828 | SH |
| 19 | CLEAN HARBORS INC | CLH | 184496107 | $6.6M | 2.97% | 22,917 | SH |
| 20 | WEALTHFRONT CORP | WLTH | 947002101 | $6.1M | 2.75% | 658,813 | SH |
| 21 | BRIGHTVIEW HLDGS INC | BV | 10948C107 | $6.0M | 2.70% | 506,750 | SH |
| 22 | MAMAS CREATIONS INC | MAMA | 56146T103 | $5.3M | 2.42% | 348,588 | SH |
| 23 | LIMBACH HLDGS INC | LMB | 53263P105 | $4.4M | 1.99% | 56,520 | SH |
| 24 | LISTED FDS TR | INFL | 53656F623 | $4.3M | 1.94% | 129,975 | SH |
| 25 | CRITEO S A | CRTO | 226718104 | $3.8M | 1.73% | 213,261 | SH |
| 26 | GPGI INC | GPGI | 20459V105 | $1.9M | 0.84% | 108,755 | SH |
| 27 | IDENTIV INC | INVE | 45170X205 | $1.8M | 0.82% | 491,657 | SH |
| 28 | SPDR SERIES TRUST | XOP | 78468R556 | $1.5M | 0.69% | 8,379 | SH |
| 29 | NEBIUS GROUP N.V. | NBIS | N97284108 | $1.0M | 0.47% | 9,947 | SH |
| 30 | CHAIN BRIDGE BANCORP INC | CBNA | 15746L100 | $937.4K | 0.42% | 26,860 | SH |
| 31 | FLEXSTEEL INDS INC | FLXS | 339382103 | $822.7K | 0.37% | 18,306 | SH |
| 32 | ISHARES TR Put | IWM | 464287655 | $479.1K | 0.22% | 1,302 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-14 | $221.2M | 32 | 0001420506-26-001006 |
| 2025-12-31 | 2026-02-18 | $286.2M | 30 | 0001941040-26-000191 |