13F Insight
DOSSIER · 13F-HR · Q2 2026

BRC Group Holdings, Inc.

$434M in tracked AUM across 37 positions as of Q2 2026.

BG
CIK 0001464790 · last filed Jun 30, 2026
Total AUM
$434M
as of Q2 2026
Holdings
37
—
positions
Whale Score
69
69
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026
Executive Summary

BRC Group Holdings’ 13F for the period ending 2024-12-31 shows a relatively small, highly concentrated, and actively-managed equity portfolio with a market value of $119.56 million across 16 positions. The portfolio declined 20.2% versus the prior quarter ($149.80M → $119.56M). Two names—BABCOCK & WILCOX ENTERPRISES and DOUBLEDOWN INTERACTIVE—account for 74.2% of the portfolio, and the top five holdings represent 91.4% of the total value. The filing reports sector allocation ...

  1. Portfolio overview: size, strategy and diversification
  • Portfolio size: $119.56 million across 16 holdings.
  • Concentration: Extremely concentrated—top 2 positions = 74.21% of portfolio; top 3 = 81.77%; top 5 = 91.35%. This indicates a high-conviction, low-diversification approach with substantial single-name risk.
  • Holdings profile: Predominantly small- and micro-cap companies and illiquid names (several constituents are niche/SMID equities, SPACs, or evolving technology/energy firms), which increases idiosyncratic and liquidity risk.
  • Turnover/Activity: Moderate-to-high quarter-over-quarter activity (5 new positions; 4 full exits; 2 meaningful increases; 3 reductions). This suggests an opportunistic trading or rebalancing approach rather than a passive, broadly diversified buy-and-hold strategy.
  1. Key holdings and their significance
  • BABCOCK & WILCOX ENTERPRISES (value $45.01M; 37.65% of portfolio): The single largest holding, representing more than one-third of assets. Any material price movement in this stock will disproportionately impact portfolio performance. Given its weight, monitoring corporate developments and liquidity in this name should be a priority for anyone benchmarking exposure to BRC.
  • DOUBLEDOWN INTERACTIVE CO LT (value $43.71M; 36.56%): Nearly equal in size to BABCOCK & WILCOX; together these two positions comprise ~74.2% of assets. The filer materially added to this position during the quarter (+$22.83M), indicating building of a high-conviction stake.
  • CADIZ INC (value $9.02M; 7.54%): A meaningful, recently enlarged position (+$8.45M added, an 825.2% increase quarter-over-quarter). This was the most aggressive proportional add and moved the company into the portfolio’s top three.
  • SYNCHRONOSS TECHNOLOGIES INC (value $7.20M; 6.02%): A top-five holding that was trimmed by $4.31M this quarter.
  • Remaining positions (LANDSEA HOMES, TRANSACT TECHNOLOGIES, 8x8, AGENUS, others): Smaller exposures individually (each ≤3.6%) but collectively make up the remaining ~8.6% of value after the top five. Several are early-stage, turnaround, or small-cap technology/industrial names which contribute to portfolio idiosyncratic risk.
Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
BW
BABCOCK & WILCOX ENTERPRISES, INC.
$387M27.4M89.3%02
DDI
DOUBLEDOWN INTERACTIVE CO., LTD.
$19M1.6M4.3%03
SQNS
SEQUANS COMMUNICATIONS S.A.
$5M1.4M1.1%04
TOI
THE ONCOLOGY INSTITUTE, INC.
$4M743K0.9%05
G7633M104
ROMAN DBDR ACQUISITION CORP II
$3M606K0.7%06
NUAI
NEW ERA ENERGY & DIGITAL, INC.
$3M415K0.6%07
LFMD
LIFEMD, INC.
$3M637K0.6%08
TZA
DIREXION SHARES ETF TRUST DAILY SMALL CAP
$2M500K0.4%09
CHYM
CHIME FINANCIAL, INC.
$2M80K0.4%10
APLD
APPLIED DIGITAL CORPORATION
$1M27K0.2%

Filing history

2026Q2Jun 30
$434M▲ 85.3%
37 positionsView →2025Q4Dec 31
$234M▲ 58.2%
21 positionsView →2025Q3Sep 30
$148M▲ 66.3%
25 positionsView →2025Q2Jun 30
$89M▲ 11.8%
38 positionsLocked2025Q1Mar 31
$80M▼ 33.5%
23 positionsLocked2024Q4Dec 31
$120M▼ 20.2%
16 positionsLocked2024Q3Sep 30
$150M▲ 21.6%
15 positionsLocked2024Q2Jun 30
$123M▲ 17.2%
16 positionsLocked2024Q1Mar 31
$105M▼ 33.1%
16 positionsLocked2023Q4Dec 31
$157M▼ 47.1%
20 positionsLocked2023Q3Sep 30
$297M▼ 23.1%
34 positionsLocked2023Q2Jun 30
$386M▲ 0.9%
33 positionsLocked
Showing 12 of 42