Voss Capital, LP

2. Key Holdings

The portfolio is heavily anchored by a few massive positions, with the top two assets comprising nearly one-third of the total value.

• Tesla Inc (TSLA): This is the standout position, valued at $223.69 million and representing 20.16% of the portfolio. As a new position of 503,000 shares, Voss Capital has made an aggressive bet on the consumer cyclical giant, immediately elevating it to the status of the largest holding.
• Cellebrite Di Ltd (CLBT): The second-largest holding at $125.58 million (11.32% allocation). The firm significantly increased its stake by 31.6% (adding $43.18 million), demonstrating strong confidence in the digital intelligence company.
• United Parks & Resorts Inc (PRKS): A major consumer cyclical position valued at $105.98 million (9.55% allocation). While the position was increased slightly by 4.3%, it remains a core pillar of the portfolio.
• Genius Sports Limited (GENI): The fourth-largest holding at $101.52 million (9.15%). However, conviction here may be waning slightly, as the firm reduced the stake by 5.2% ($11.56 million).
• Phinia Inc (PHIN): Rounding out the top five, this position accounts for 8.70% of the portfolio ($96.57M), though the firm reduced its exposure by 26.6% during the quarter.