Edenbrook Capital, LLC

Fundamental diversified ★Signal technology specialist (100%) CIK 1666682
Long book
$195.6M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
+36.2%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

Edenbrook Capital, LLC is a diversified fundamental manager, specialised in technology (100% of the long book), running a $195.6M US long book across 4 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: FREQUENCY ELECTRONICS INC, COGNYTE SOFTWARE LTD, MAGNITE INC, MARCHEX INC-CLASS B.

Over the last 9 quarters its long book ran on average 7.4pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+5.5%
Q2 2024
+6.7%
Q3 2024
+20.9%
Q4 2024
-16.1%
Q1 2025
+54.4%
Q2 2025
+0.8%
Q3 2025
+15.5%
Q4 2025
-17.3%
Q1 2026
+36.2%

Sector allocation

Technology
100%

Long book by quarter

$194.3M
Q1 2024
$180.0M
Q2 2024
$169.3M
Q3 2024
$209.6M
Q4 2024
$165.1M
Q1 2025
$226.8M
Q2 2025
$196.7M
Q3 2025
$236.9M
Q4 2025
$195.6M
Q1 2026

What does Edenbrook Capital, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
FEIM FREQUENCY ELECTRONICS INCTechnology1.9M$82.9M42.4%Held
CGNT COGNYTE SOFTWARE LTDTechnology7.0M$56.7M29.0%+0.7%
MGNI MAGNITE INCTechnology2.8M$33.2M17.0%+0.4%
MCHX MARCHEX INC-CLASS BTechnology14.7M$22.7M11.6%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202628$321.1M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202630$536.3M canonicalSEC ↗
Q3 202513F-HRNov 13, 202538$585.8M canonicalSEC ↗
Q2 202513F-HRAug 14, 202546$465.3M canonicalSEC ↗
Q1 202513F-HRMay 15, 202534$342.6M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202522$354.4M canonicalSEC ↗
Q3 202413F-HRNov 13, 202428$236.3M canonicalSEC ↗
Q2 202413F-HRAug 13, 202434$265.5M canonicalSEC ↗
Q1 202413F-HRMay 15, 202428$424.2M canonicalSEC ↗