AWH Capital, L.P.

2. Key Holdings

The portfolio is anchored by a mix of large-cap technology and specialized financial services firms:

• Alphabet Inc. (GOOG): This is the largest holding, comprising 15.77% of the portfolio ($10.27M). A position of this size in a concentrated fund suggests a strong conviction in the communication services giant's stability and growth potential.
• Interactive Brokers Group (IBKR): Representing 12.30% of the portfolio ($8.01M), this is a key financial services exposure. It aligns with the fund's apparent tilt toward companies that benefit from market volatility or financial transaction volumes.
• FirstCash Holdings (FCFS): This consumer cyclical position makes up 11.96% ($7.79M). A significant allocation to this company suggests a focus on alternative financial services and value-oriented consumer plays.
• AMRIZE LTD: A notable position at 8.16% ($5.31M). This was also the subject of the largest capital infusion during the quarter (increased by 69.8%), signaling a rapidly growing conviction in this specific asset.
• First Citizens BancShares (FCNCA): Comprising 7.52% ($4.89M), this reinforces the fund's heavy weighting toward the financial sector, specifically in regional or specialized banking.