Fund 1 Investments LLC's Q4 2025 13F: 16 new positions, 20 exits
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Feb 17, 2026 · 49 reported positions · accession 0000929638-26-000672
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | TILE SHOP HLDGS INC (TTSH) | 9.5% | — | −9.5 pts | −12.86M sh | −100% |
| Reduced | ENVIRI CORP (NVRI) | 11.7% | 11.1% | −0.6 pts | −3.23M sh | −43% |
| Increased | CELSIUS HLDGS INC (CELH) | 1.8% | 7.8% | +6.0 pts | +929K sh | +373% |
| Reduced | ADVANCED MICRO DEVICES INC (AMD) | 4.5% | 2.7% | −1.8 pts | −138K sh | −61% |
| Increased | JUMIA TECHNOLOGIES AG (JMIA) | 9.4% | 15.8% | +6.4 pts | +2.17M sh | +33% |
| Reduced | STITCH FIX INC (SFIX) | 3.4% | 1.1% | −2.3 pts | −4.97M sh | −78% |
| Reduced | BATH & BODY WORKS INC (BBWI) | 3.9% | 1.0% | −2.9 pts | −891K sh | −73% |
| Reduced | MICRON TECHNOLOGY INC (MU) | 2.1% | 1.8% | −0.3 pts | −60,690 sh | −58% |
| Reduced | 1 800 FLOWERS COM INC (FLWS) | 5.4% | 3.0% | −2.3 pts | −4.17M sh | −44% |
| Exited | CROCS INC (CROX) | 2.0% | — | −2.0 pts | −199K sh | −100% |
| Increased | AMAZON COM INC (AMZN) | 0.9% | 2.9% | +2.0 pts | +54,520 sh | +168% |
| Reduced | REDDIT INC (RDDT) | 5.0% | 4.4% | −0.6 pts | −46,563 sh | −26% |
| Exited | RH (RH) | 1.5% | — | −1.5 pts | −59,500 sh | −100% |
| New | SEA LTD (SE) | — | 1.5% | +1.5 pts | +79,000 sh | new |
| Reduced | TAPESTRY INC (TPR) | 2.5% | 2.0% | −0.5 pts | −72,288 sh | −40% |
| Increased | V F CORP (VFC) | 0.1% | 1.5% | +1.4 pts | +499K sh | +624% |
| New | TALEN ENERGY CORP (TLN) | — | 1.0% | +1.0 pts | +18,500 sh | new |
| Exited | PG&E CORP (PCG) | 1.0% | — | −1.0 pts | −539K sh | −100% |
| New | TEXAS ROADHOUSE INC (TXRH) | — | 0.9% | +0.9 pts | +38,800 sh | new |
| New | WINGSTOP INC (WING) | — | 0.9% | +0.9 pts | +25,000 sh | new |
| Exited | SUPER GROUP SGHC LIMITED (SGHC) | 0.8% | — | −0.8 pts | −470K sh | −100% |
| Increased | EL POLLO LOCO HLDGS INC (LOCO) | 0.3% | 1.1% | +0.8 pts | +491K sh | +193% |
| Reduced | BJS RESTAURANTS INC (BJRI) | 0.5% | 0.1% | −0.5 pts | −130K sh | −91% |
| New | LEGGETT & PLATT INC (LEG) | — | 0.7% | +0.7 pts | +445K sh | new |
| Exited | UP FINTECH HLDG LTD (TIGR) | 0.7% | — | −0.7 pts | −528K sh | −100% |
| Exited | VERA BRADLEY INC (VRA) | 0.7% | — | −0.7 pts | −2.78M sh | −100% |
| Exited | MCDONALDS CORP (MCD) | 0.6% | — | −0.6 pts | −16,700 sh | −100% |
| New | BURLINGTON STORES INC (BURL) | — | 0.5% | +0.5 pts | +11,900 sh | new |
| Reduced | BAIDU INC (BIDU) | 0.8% | 0.4% | −0.4 pts | −26,146 sh | −55% |
| Exited | TURNING PT BRANDS INC (TPB) | 0.5% | — | −0.5 pts | −39,400 sh | −100% |
| Exited | GAP INC (GAP) | 0.4% | — | −0.4 pts | −155K sh | −100% |
| Exited | NATIONAL VISION HLDGS INC (EYE) | 0.4% | — | −0.4 pts | −110K sh | −100% |
| Increased | ALIBABA GROUP HLDG LTD (BABA) | 0.4% | 0.7% | +0.4 pts | +18,400 sh | +109% |
| New | CALERES INC (CAL) | — | 0.4% | +0.4 pts | +215K sh | new |
| Increased | BLOOMIN BRANDS INC (BLMN) | 0.1% | 0.5% | +0.3 pts | +373K sh | +246% |
| Exited | MONRO INC (MNRO) | 0.3% | — | −0.3 pts | −140K sh | −100% |
| Increased | FOSSIL GROUP INC (FOSL) | 0.1% | 0.3% | +0.3 pts | +413K sh | +181% |
| New | SPDR S&P 500 ETF TR (SPY) | — | 0.2% | +0.2 pts | +2,267 sh | new |
| New | CHIPOTLE MEXICAN GRILL INC (CMG) | — | 0.2% | +0.2 pts | +40,000 sh | new |
| New | SWEETGREEN INC (SG) | — | 0.2% | +0.2 pts | +200K sh | new |
| Exited | LATAM AIRLINES GROUP SA (LTMAY) | 0.2% | — | −0.2 pts | −35,000 sh | −100% |
| New | COUPANG INC (CPNG) | — | 0.2% | +0.2 pts | +55,000 sh | new |
| Exited | NIKE INC (NKE) | 0.2% | — | −0.2 pts | −21,847 sh | −100% |
| Reduced | ARRIVENT BIOPHARMA INC (AVBP) | 1.4% | 1.6% | +0.2 pts | −54,000 sh | −9% |
| New | PRIMO BRANDS CORPORATION (PRMB) | — | 0.2% | +0.2 pts | +65,000 sh | new |
| New | OLAPLEX HLDGS INC (OLPX) | — | 0.1% | +0.1 pts | +763K sh | new |
| New | BBB FOODS INC (TBBB) | — | 0.1% | +0.1 pts | +29,695 sh | new |
| Exited | ST JOE CO (JOE) | 0.1% | — | −0.1 pts | −21,649 sh | −100% |
| Exited | ATI INC (ATI) | 0.1% | — | −0.1 pts | −12,813 sh | −100% |
| Exited | MIRION TECHNOLOGIES INC (MIR) | 0.1% | — | −0.1 pts | −43,900 sh | −100% |
The 50 largest of 66 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 — 69.5% of the equity book
Changes in the top 10 this quarter: CELH entered · AMZN entered · DOCN entered · TTSH left · BBWI left · SFIX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | JUMIA TECHNOLOGIES AG (JMIA) | 9.4% | 15.8% | |
| 2 | CITI TRENDS INC (CTRN) | 9.8% | 15.5% | |
| 3 | ENVIRI CORP (NVRI) | 11.7% | 11.1% | |
| 4 | CELSIUS HLDGS INC (CELH) | 1.8% | 7.8% | Entered the top 10 |
| 5 | REDDIT INC (RDDT) | 5.0% | 4.4% | |
| 6 | GENESCO INC (GCO) | 3.4% | 3.5% | |
| 7 | 1 800 FLOWERS COM INC (FLWS) | 5.4% | 3.0% | |
| 8 | AMAZON COM INC (AMZN) | 0.9% | 2.9% | Entered the top 10 |
| 9 | ADVANCED MICRO DEVICES INC (AMD) | 4.5% | 2.7% | |
| 10 | DIGITALOCEAN HLDGS INC (DOCN) | 1.6% | 2.6% | Entered the top 10 |
| — | TILE SHOP HLDGS INC (TTSH) | 9.5% | 0.0% | Left the top 10 |
| — | BATH & BODY WORKS INC (BBWI) | 3.9% | 1.0% | Left the top 10 |
| — | STITCH FIX INC (SFIX) | 3.4% | 1.1% | 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).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | INVESCO EXCHANGE TRADED FD T (RSP) | Call | 0 | 350K | $67M |
| New | BERKSHIRE HATHAWAY INC DEL (BRK-B) | Put | 0 | 100K | $50.3M |
| Exited | MICRON TECHNOLOGY INC (MU) | Call | 200K | 0 | $0 |
| Reduced | JUMIA TECHNOLOGIES AG (JMIA) | Call | 3M | 500K | $6.25M |
| Exited | NATIONAL VISION HLDGS INC (EYE) | Call | 249K | 0 | $0 |
| Exited | ENVIRI CORP (NVRI) | Call | 500K | 0 | $0 |