INTREPID CAPITAL MANAGEMENT INC
Q4 2025 Form 13-F
JACKSONVILLE BEACH, FLORIDA
CIK 0001092838
· CRD 108516
· SEC-registered investment adviser
$258.5M Reported Value Total
INTREPID CAPITAL MANAGEMENT INC reports 673 total accounts under management (AUM). There are 667 discretionary accounts valued at $1,617,391,941, and 6 non-discretionary accounts valued at $6,412,654.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
2 funds
· $14.5M gross asset value
Hedge Fund: $14.5M
Source: Form ADV filed 2026-05-07
Reported value
$258.5M
Quarter over quarter
+4.0%
Holdings
102
Top-10 concentration
41.0%
Key People
Form ADV owners & control persons
Mark Forrest Travis
OWNER
Matthew Thomas Berquist
CHIEF OPERATING OFFICER/MANAGING DIRECTOR
Hunter Keith Hayes
CHIEF INVESTMENT OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
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Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | February 13, 2026 |
| Form | 13F-HR |
| Reported value | $258.5M |
| Positions | 102 |
| Change in reported value | +1.8% |
| New positions | 8 |
| Exited positions | 10 |
| Position turnover | 16.1% |
| Top-10 concentration | 41.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 12, 2026
|
105 | $522.0M |
|
Q1 2026 13F
Filed May 15, 2026
|
102 | $260.5M |
|
Q4 2025 13F
Filed Feb 13, 2026
|
102 | $258.5M |
|
Q3 2025 13F
Filed Nov 13, 2025
|
105 | $254.0M |
|
Q2 2025 13F
Filed Aug 12, 2025
|
107 | $246.3M |
|
Q1 2025 13F
Filed May 15, 2025
|
101 | $205.9M |
|
Q4 2024 13F
Filed Feb 12, 2025
|
102 | $196.4M |
|
Q3 2024 13F
Filed Nov 14, 2024
|
99 | $180.3M |
|
Q2 2024 13F
Filed Aug 15, 2024
|
96 | $157.1M |
|
Q1 2024 13F
Filed May 15, 2024
|
94 | $154.3M |
|
Q4 2023 13F
Filed Feb 14, 2024
|
111 | $146.2M |
|
Q3 2023 13F
Filed Nov 13, 2023
|
223 | $144.6M |
|
Q2 2023 13F
Filed Aug 10, 2023
|
227 | $142.4M |
|
Q1 2023 13F
Filed May 16, 2023
|
66 | $115.5M |
|
Q4 2022 13F
Filed Feb 6, 2023
|
69 | $115.8M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
70 | $122.9M |
|
Q2 2022 13F
Filed Aug 15, 2022
|
56 | $126.1M |
|
Q1 2022 13F
Filed May 11, 2022
|
57 | $168.0M |
|
Q4 2021 13F
Filed Feb 9, 2022
|
60 | $196.5M |
|
Q3 2021 13F
Filed Nov 12, 2021
|
60 | $202.4M |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | DUHP DIMENSIONAL US HIGH PROFTBLTY ETF | $17.6M | 6.8% |
| 2 | GRPN 4.875 06/30/30 UNRS Groupon Inc | $17.0M | 6.57% |
| 3 | CRNC 1.5 07/01/28 Cerence Inc | $12.2M | 4.72% |
| 4 | GOOGL ALPHABET INC CLASS A | $11.8M | 4.55% |
| 5 | CEF SPROTT PHYSICAL GOLD and S | $10.1M | 3.9% |
| 6 | PMT 8.5 06/01/29 Pennymac Corp | $9.6M | 3.7% |
| 7 | LIEN Chicago Atlantic Bdc Inc | $7.8M | 3.03% |
| 8 | PMT 5.5 03/15/26 Pennymac Corp | $7.1M | 2.75% |
| 9 | BRK-B BERKSHIRE HATHAWAYCLASS B | $6.7M | 2.58% |
| 10 | IAU Ishares Gold Trust | $6.1M | 2.34% |
| 11 | BAND 0.5 04/01/28 Bandwidth Inc | $5.2M | 2.02% |
| 12 | NVDA NVIDIA CORP | $4.0M | 1.53% |
| 13 | FRPH FRP HOLDINGS INC | $3.9M | 1.52% |
| 14 | AGG ISHARES TR CORE U S AGGREGATE BD ETF | $3.9M | 1.52% |
| 15 | SII SPROTT INC F | $3.9M | 1.51% |
| 16 | DIHP DIMENSIONAL INTERN HIGH PROFIT ETF | $3.8M | 1.48% |
| 17 | PM PHILIP MORRIS INTL | $3.8M | 1.48% |
| 18 | LLYVB Liberty Live Holdings Inc Ser A | $3.8M | 1.45% |
| 19 | WRB W R BERKLEY CORP | $3.7M | 1.44% |
| 20 | TJX TJX COMPANIES INC | $3.7M | 1.42% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.