FIRST WILSHIRE SECURITIES MANAGEMENT INC's Q3 2025 13F: 5 new positions, 4 exits
Form 13F-HR for the quarter ended Sep 30, 2025 · filed Nov 14, 2025 · 84 reported positions · accession 0000732847-25-000017
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | ISHARES TR (SGOV) | 10.4% | 4.8% | −5.6 pts | −202K sh | −53% |
| New | GIBRALTAR INDS INC (ROCK) | — | 2.9% | +2.9 pts | +175K sh | new |
| Reduced | CAMTEK LTD (CAMT) | 6.6% | 5.8% | −0.9 pts | −81,598 sh | −28% |
| Reduced | GILAT SATELLITE NETWORKS LTD (GILT) | 2.8% | 3.5% | +0.6 pts | −472K sh | −32% |
| Exited | SATIXFY COMMUNICATIONS LTD ORD (SATX) | 1.0% | — | −1.0 pts | −1.3M sh | −100% |
| Increased | HUNTSMAN CORP (HUN) | 2.0% | 2.7% | +0.7 pts | +431K sh | +62% |
| Reduced | TUTOR PERINI CORP (TPC) | 2.1% | 2.0% | −0.1 pts | −50,505 sh | −31% |
| Reduced | MATRIX SVC CO (MTRX) | 3.3% | 2.4% | −0.9 pts | −208K sh | −23% |
| Reduced | RICHARDSON ELECTRS LTD (RELL) | 2.2% | 1.7% | −0.5 pts | −184K sh | −22% |
| Reduced | IMAX CORP (IMAX) | 1.5% | 1.3% | −0.2 pts | −43,045 sh | −23% |
| Reduced | EZCORP INC (EZPW) | 8.5% | 11.1% | +2.5 pts | −71,083 sh | −3% |
| New | MILLER INDS INC TENN (MLR) | — | 0.3% | +0.3 pts | +27,665 sh | new |
| Reduced | TRI POINTE HOMES INC (TPH) | 4.1% | 4.0% | −0.1 pts | −32,094 sh | −7% |
| Increased | SANDRIDGE ENERGY INC (SD) | 3.6% | 4.0% | +0.3 pts | +93,303 sh | +8% |
| Exited | ATLAS LITHIUM CORP (ATLX) | 0.2% | — | −0.2 pts | −187K sh | −100% |
| Increased | SIRIUSXM HOLDINGS INC (SIRI) | 0.4% | 0.5% | +0.2 pts | +26,887 sh | +44% |
| Increased | CERAGON NETWORKS LTD (CRNT) | 2.7% | 2.6% | −0.1 pts | +208K sh | +5% |
| Increased | PURE CYCLE CORP (PCYO) | 0.3% | 0.5% | +0.1 pts | +42,120 sh | +36% |
| Reduced | SILICOM LTD (SILC) | 1.6% | 1.7% | +0.1 pts | −21,796 sh | −6% |
| Exited | FGI INDUSTRIES LTD (FGI) | 0.1% | — | −0.1 pts | −555K sh | −100% |
| New | INVESCO EXCH TRA (QQQM) | — | 0.1% | +0.1 pts | +1,120 sh | new |
| Reduced | SPDR SERIES TRU (BIL) | 1.9% | 1.8% | −0.1 pts | −2,909 sh | −4% |
| Reduced | NWPX INFRASTRUCTURE INC (NWPX) | 3.6% | 4.5% | +0.9 pts | −4,409 sh | −1% |
| New | APPLE INC (AAPL) | — | 0.1% | +0.1 pts | +861 sh | new |
| New | CONSTELLATION BRANDS INC (STZ) | — | 0.1% | +0.1 pts | +1,560 sh | new |
| Exited | PFIZER INC (PFE) | 0.1% | — | −0.1 pts | −8,406 sh | −100% |
| Reduced | LIBERTY GLOBAL LTD (LBTYA) | 6.3% | 7.0% | +0.7 pts | −15,923 sh | −1% |
| Reduced | LIBERTY GLOBAL LTD (LBTYK) | 1.3% | 1.4% | +0.1 pts | −14,349 sh | −3% |
| Reduced | ECOVYST INC (ECVT) | 4.9% | 5.1% | +0.2 pts | −17,690 sh | −1% |
| Reduced | AVIAT NETWORKS INC (AVNW) | 3.5% | 3.2% | −0.3 pts | −6,518 sh | −1% |
| Reduced | FEDERAL AGRIC MTG CORP (AGM) | 1.4% | 1.2% | −0.3 pts | −770 sh | −3% |
| Reduced | BERKSHIRE HATHAWAY INC DEL (BRK-B) | 2.4% | 2.4% | 0.0 pts | −235 sh | −1% |
| Reduced | BANK AMERICA CORP (BAC) | 0.2% | 0.2% | 0.0 pts | −2,085 sh | −15% |
| Reduced | RIBBON COMMUNICATIONS INC (RBBN) | 1.5% | 1.3% | −0.1 pts | −25,842 sh | −2% |
| Reduced | SIGA TECHNOLOGIES INC (SIGA) | 1.2% | 1.7% | +0.4 pts | −9,312 sh | −1% |
| Reduced | EAST WEST BANCORP INC (EWBC) | 1.3% | 1.3% | 0.0 pts | −789 sh | −2% |
| Increased | ALIBABA GROUP HLDG LTD (BABA) | 0.1% | 0.2% | +0.1 pts | +414 sh | +12% |
| Reduced | ANDERSONS INC (ANDE) | 1.0% | 1.0% | 0.0 pts | −1,796 sh | −2% |
| Reduced | JPMORGAN CHASE & CO. (JPM) | 0.1% | 0.1% | 0.0 pts | −200 sh | −17% |
| Reduced | LIMONEIRA CO (LMNR) | 1.1% | 1.0% | −0.1 pts | −3,619 sh | −1% |
| Increased | MAGNACHIP SEMICONDUCTOR CORP (MX) | 0.5% | 0.4% | −0.1 pts | +15,922 sh | +3% |
| Reduced | LUXFER HLDGS PLC (LXFR) | 1.2% | 1.3% | +0.1 pts | −3,507 sh | −1% |
| Reduced | JEFFERIES FINL GROUP INC (JEF) | 0.8% | 0.9% | +0.1 pts | −723 sh | −1% |
| Reduced | GULF IS FABRICATION INC (GIFI) | 1.8% | 1.9% | 0.0 pts | −5,971 sh | −1% |
| Reduced | ISHARES TR (SHY) | 0.1% | 0.1% | 0.0 pts | −458 sh | −14% |
| Reduced | SUPERIOR GROUP OF CO INC (SGC) | 0.4% | 0.4% | 0.0 pts | −3,377 sh | −2% |
| Increased | POSTAL REALTY TRU (PSTL) | 0.1% | 0.1% | 0.0 pts | +2,201 sh | +17% |
| Reduced | JOHNSON & JOHNSON (JNJ) | 0.1% | 0.1% | 0.0 pts | −98 sh | −4% |
| Reduced | CITIGROUP INC (C) | 0.1% | 0.1% | 0.0 pts | −172 sh | −7% |
| Reduced | CRAWFORD & CO (CRDB) | 0.4% | 0.4% | 0.0 pts | −1,384 sh | −1% |
The 50 largest of 61 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 52.9% of the equity book
Changes in the top 10 this quarter: GILT entered · MTRX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | EZCORP INC (EZPW) | 8.5% | 11.1% | |
| 2 | LIBERTY GLOBAL LTD (LBTYA) | 6.3% | 7.0% | |
| 3 | CAMTEK LTD (CAMT) | 6.6% | 5.8% | |
| 4 | ECOVYST INC (ECVT) | 4.9% | 5.1% | |
| 5 | ISHARES TR (SGOV) | 10.4% | 4.8% | |
| 6 | NWPX INFRASTRUCTURE INC (NWPX) | 3.6% | 4.5% | |
| 7 | TRI POINTE HOMES INC (TPH) | 4.1% | 4.0% | |
| 8 | SANDRIDGE ENERGY INC (SD) | 3.6% | 4.0% | |
| 9 | GILAT SATELLITE NETWORKS LTD (GILT) | 2.8% | 3.5% | Entered the top 10 |
| 10 | AVIAT NETWORKS INC (AVNW) | 3.5% | 3.2% | |
| — | MATRIX SVC CO (MTRX) | 3.3% | 2.4% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).