Hestia Capital Management, LLC

Portfolio Overview

Hestia Capital’s 13F as of 2025-09-30 shows a dramatic change in scale and positioning. Reported portfolio value is $13.85M, down 90.5% from $146.53M on 2025-06-30. This drop is overwhelmingly explained by the complete exit of a single prior position — PBI (Pitney Bowes) — which represented $131.30M (≈89.6% of the prior portfolio). The current portfolio is small and highly concentrated: 9 reported holdings with an average position size of about $1.54M. The top five holdings ...