INTREPID CAPITAL MANAGEMENT INC
Long book
$212.3M
Q1 2026
Positions
102
Top-10 weight
36%
concentration
Last quarter
+9.9%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsINTREPID CAPITAL MANAGEMENT INC is a diversified fundamental manager, running a $212.3M US long book across 102 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: DIMENSIONAL US HIGH PROFI ET, ALPHABET INC-CL A, SPROTT PHYSICAL GOLD AND SIL, CHICAGO ATLANTIC BDC INC, ISHARES GOLD TRUST.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 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
-0.4%
Q2 2024
+5.0%
Q3 2024
+3.2%
Q4 2024
-0.8%
Q1 2025
+6.1%
Q2 2025
+7.8%
Q3 2025
+4.9%
Q4 2025
-0.8%
Q1 2026
+9.9%
Sector allocation
Technology 23%
Financials 16%
Services media 12%
Consumer discretionary 11%
Other 9%
Industrials 6%
Healthcare 5%
Consumer staples 4%
Long book by quarter
What does INTREPID CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 37.5K | $10.8M | 5.1% | -0.2% |
| LIEN CHICAGO ATLANTIC BDC INC | — | 756.2K | $7.1M | 3.3% | -0.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 13.7K | $6.5M | 3.1% | +3.0% |
| SII SPROTT INC | Financials | 41.0K | $5.9M | 2.8% | +3.3% |
| MSGS MADISON SQUARE GARDEN SPORTS | Services media | 14.2K | $4.6M | 2.1% | +3.3% |
| LLYVA LIBERTY LIVE HOLDINGS-A | Services media | 47.8K | $4.4M | 2.1% | +3.6% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 25.6K | $4.2M | 2.0% | +7.3% |
| FRPH FRP HOLDINGS INC | Real estate | 176.5K | $3.9M | 1.8% | +2.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 24.2K | $3.9M | 1.8% | +1.3% |
| UNF UNIFIRST CORP/MA | Services media | 14.9K | $3.7M | 1.8% | +4.0% |
| PR PERMIAN RESOURCES CORP-CL A | Energy | 175.4K | $3.7M | 1.8% | +2.0% |
| NVDA NVIDIA CORP | Technology | 21.4K | $3.7M | 1.8% | +1.1% |
| WRB WR BERKLEY CORP | Financials | 55.5K | $3.7M | 1.7% | +4.5% |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 39.3K | $3.3M | 1.6% | +26.3% |
| DLTR DOLLAR TREE INC | Consumer discretionary | 30.4K | $3.3M | 1.6% | +4.0% |
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 76.3K | $3.3M | 1.5% | +2.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 12.9K | $3.2M | 1.5% | +1.1% |
| MKL MARKEL GROUP INC | Financials | 1.6K | $3.0M | 1.4% | +4.6% |
| AAPL APPLE INC | Technology | 11.7K | $3.0M | 1.4% | +5.9% |
| GRMN GARMIN LTD | Technology | 12.3K | $2.8M | 1.3% | +3.2% |
| HHH HOWARD HUGHES HOLDINGS INC | Real estate | 44.3K | $2.8M | 1.3% | +8.7% |
| MTCH MATCH GROUP INC | Technology | 86.9K | $2.7M | 1.3% | +4.1% |
| MSFT MICROSOFT CORP | Technology | 6.8K | $2.5M | 1.2% | +15.1% |
| SJM JM SMUCKER CO/THE | Consumer staples | 25.7K | $2.5M | 1.2% | New |
| GMED GLOBUS MEDICAL INC - A | Healthcare | 28.5K | $2.5M | 1.2% | Held |
| BJ BJ'S WHOLESALE CLUB HOLDINGS | Consumer discretionary | 24.7K | $2.4M | 1.1% | +1.7% |
| WMT WALMART INC | Consumer discretionary | 19.4K | $2.4M | 1.1% | +0.5% |
| IPAR INTERPARFUMS INC | Other | 26.5K | $2.4M | 1.1% | New |
| TTWO TAKE-TWO INTERACTIVE SOFTWRE | Technology | 12.0K | $2.4M | 1.1% | Held |
| AYI ACUITY INC | Industrials | 8.2K | $2.3M | 1.1% | Held |
| FCX FREEPORT-MCMORAN INC | Materials | 38.8K | $2.3M | 1.1% | +2.3% |
| GRBK GREEN BRICK PARTNERS INC | Industrials | 34.9K | $2.2M | 1.1% | +3.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 10.8K | $2.2M | 1.1% | +2.5% |
| PPLI PEOPLE INC | Technology | 55.1K | $2.2M | 1.0% | -0.3% |
| SMG SCOTTS MIRACLE-GRO CO | Other | 35.9K | $2.2M | 1.0% | +2.8% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 4.3K | $2.1M | 1.0% | +104.3% |
| ABNB AIRBNB INC-CLASS A | Services media | 16.1K | $2.0M | 1.0% | +1.6% |
| LMT LOCKHEED MARTIN CORP | Industrials | 3.3K | $2.0M | 0.9% | +1.3% |
| AMD ADVANCED MICRO DEVICES | Technology | 9.5K | $1.9M | 0.9% | +3.8% |
| LEVI LEVI STRAUSS & CO- CLASS A | Other | 101.5K | $1.9M | 0.9% | +3.7% |
| SSNC SS&C TECHNOLOGIES HOLDINGS | Technology | 26.4K | $1.8M | 0.8% | +4.0% |
| CPRT COPART INC | Consumer discretionary | 53.6K | $1.8M | 0.8% | +3.5% |
| PII POLARIS INC | Industrials | 31.7K | $1.7M | 0.8% | Held |
| AMGN AMGEN INC | Healthcare | 4.6K | $1.6M | 0.8% | +0.6% |
| WSO WATSCO INC | Consumer discretionary | 4.3K | $1.5M | 0.7% | Held |
| JEF JEFFERIES FINANCIAL GROUP IN | Financials | 36.0K | $1.5M | 0.7% | Held |
| TSLA TESLA INC | Industrials | 4.0K | $1.5M | 0.7% | +8.6% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 2 | $1.4M | 0.7% | New |
| WM WASTE MANAGEMENT INC | Utilities | 5.9K | $1.4M | 0.6% | +21.2% |
| CBOE CBOE GLOBAL MARKETS INC | Financials | 4.7K | $1.3M | 0.6% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 106 | $260.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 107 | $258.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 109 | $254.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 112 | $246.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 106 | $205.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 106 | $196.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 99 | $180.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 15, 2024 | 96 | $157.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 94 | $154.3M | canonical | SEC ↗ |
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