GATE CITY CAPITAL MANAGEMENT, LLC

Fundamental concentrated ★Highest signal CIK 1705447
League rank
#37
in Fundamental concentrated · #44 overall
Long book
$256.9M
Q1 2026
Positions
16
Top-10 weight
91%
concentration
Last quarter
+50.1%
SPY +14.8%
Turnover
26%
of book per quarter

Strategy in plain words

auto-generated from filings

GATE CITY CAPITAL MANAGEMENT, LLC is a concentrated fundamental stock-picker, running a $256.9M US long book across 16 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ALICO INC, HARLEY-DAVIDSON INC, ENTRAVISION COMMUNICATIONS-A, INGLES MARKETS INC-CLASS A, JAKKS PACIFIC INC.

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 highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-3.9%
Q2 2024
+20.5%
Q3 2024
+3.1%
Q4 2024
-0.8%
Q1 2025
+9.2%
Q2 2025
+6.2%
Q3 2025
+3.5%
Q4 2025
+18.9%
Q1 2026
+50.1%

Sector allocation

Industrials
24%
Consumer staples
21%
Communications
16%
Other
9%
Services media
8%
Consumer discretionary
8%
Materials
6%
Energy
5%

Long book by quarter

$133.8M
Q1 2024
$136.7M
Q2 2024
$170.4M
Q3 2024
$165.7M
Q4 2024
$173.4M
Q1 2025
$167.8M
Q2 2025
$199.2M
Q3 2025
$230.9M
Q4 2025
$256.9M
Q1 2026

What does GATE CITY own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ALCO ALICO INCConsumer staples1.3M$53.0M20.6%-1.1%
HOG HARLEY-DAVIDSON INCIndustrials2.3M$45.9M17.9%New
EVC ENTRAVISION COMMUNICATIONS-ACommunications10.6M$31.4M12.2%-4.8%
IMKTA INGLES MARKETS INC-CLASS AConsumer discretionary221.4K$19.9M7.7%+6.7%
JAKK JAKKS PACIFIC INCOther967.1K$19.3M7.5%+23.6%
HTLD HEARTLAND EXPRESS INCIndustrials1.6M$16.4M6.4%-28.0%
SEG SEAPORT ENTERTAINMENT GROUPServices media689.4K$14.8M5.8%+78.9%
HLX HELIX ENERGY SOLUTIONS GROUPEnergy1.3M$12.8M5.0%-30.7%
SGA SAGA COMMUNICATIONS INC-CL ACommunications863.8K$10.1M3.9%Held
IPI INTREPID POTASH INCMaterials224.3K$9.6M3.7%-75.5%
CPHC CANTERBURY PARK HOLDING CORPServices media445.6K$6.9M2.7%0.0%
BTU PEABODY ENERGY CORPMaterials170.8K$5.6M2.2%-72.0%
DOUG DOUGLAS ELLIMAN INCReal estate2.3M$3.7M1.5%New
HOFT HOOKER FURNISHINGS CORPOther236.7K$3.0M1.2%+8.1%
AXR AMREP CORPReal estate85.7K$2.4M0.9%-14.9%
CULP CULP INCOther731.3K$2.0M0.8%-0.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202616$256.9M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202617$230.9M canonicalSEC ↗
Q3 202513F-HRNov 14, 202515$199.2M canonicalSEC ↗
Q2 202513F-HRAug 14, 202516$167.8M canonicalSEC ↗
Q1 202513F-HRMay 15, 202515$173.4M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202515$165.7M canonicalSEC ↗
Q3 202413F-HRNov 14, 202415$170.4M canonicalSEC ↗
Q2 202413F-HRAug 14, 202413$136.7M canonicalSEC ↗
Q1 202413F-HRMay 15, 202415$133.8M canonicalSEC ↗