Q4 2025 · 13F-HR
CORSAIR CAPITAL MANAGEMENT, L.P.holdings as filed
Filed 2026-02-17 · accession 0001013594-26-000248
$644.0M
Reported value
151
Positions
2025-12-31
Period end
The Brief · CORSAIR CAPITAL MANAGEMENT, L.P. · Q4 2025
AI · grounded in 13F
CORSAIR CAPITAL MANAGEMENT, L.P. established a new position in GPGI valued at $109.0M. The fund also initiated new stakes in VRT for $107.6M and LAUR for $62.3M. Additional new positions include RHLD at $42.9M and APG at $27.5M. Total assets under management stand at $643.9M across 149 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 92537N108 | VRT | VERTIV HOLDINGS CO | $96.2M | 14.9% | 593,552 | Common | SOLE |
| 20459V105 | GPGI | COMPOSECURE INC | $80.9M | 12.6% | 4,198,078 | Common | SOLE |
| 518613203 | LAUR | LAUREATE EDUCATION INC | $62.3M | 9.68% | 1,850,790 | Common | SOLE |
| 76134H101 | RHLD | RESOLUTE HLDGS MGMT INC | $42.9M | 6.66% | 207,774 | Common | SOLE |
| 20459V105 | GPGI | COMPOSECURE INC | $28.1M | 4.36% | 1,456,900 | CALL | SOLE |
| 00187Y100 | APG | API GROUP CORP | $27.5M | 4.27% | 718,630 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $26.3M | 4.08% | 38,507 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $24.7M | 3.84% | 12,667,098 | Common | SOLE |
| 53263P105 | LMB | LIMBACH HLDGS INC | $24.2M | 3.76% | 311,343 | Common | SOLE |
| 60471A101 | MIR | MIRION TECHNOLOGIES INC | $23.0M | 3.57% | 982,419 | Common | SOLE |
| 78473E103 | SPXC | SPX TECHNOLOGIES INC | $20.1M | 3.13% | 100,662 | Common | SOLE |
| G0403H108 | AON | AON PLC | $14.2M | 2.20% | 40,101 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $12.3M | 1.92% | 39,440 | Common | SOLE |
| 380237107 | GDDY | GODADDY INC | $11.6M | 1.80% | 93,280 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $11.4M | 1.77% | 70,500 | CALL | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $11.3M | 1.76% | 23,444 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $10.3M | 1.60% | 20,547 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $8.2M | 1.27% | 13,342 | Common | SOLE |
| Q4982L109 | IREN | IREN LIMITED | $5.4M | 0.84% | 142,615 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $4.2M | 0.65% | 7,999 | Common | SOLE |
| 358010106 | FEIM | FREQUENCY ELECTRS INC | $3.2M | 0.50% | 60,070 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $2.9M | 0.44% | 10,001 | Common | SOLE |
| 929089100 | VOYA | VOYA FINANCIAL INC | $2.8M | 0.43% | 37,337 | Common | SOLE |
| 464287648 | IWO | ISHARES TR | $2.7M | 0.43% | 8,484 | Common | SOLE |
| 90041L105 | TPB | TURNING PT BRANDS INC | $2.5M | 0.39% | 23,274 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $2.4M | 0.38% | 8,986 | Common | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $2.4M | 0.38% | 16,832 | Common | SOLE |
| 171484108 | CHDN | CHURCHILL DOWNS INC | $2.3M | 0.36% | 20,333 | Common | SOLE |
| 205750409 | LODE | COMSTOCK INC | $2.1M | 0.32% | 550,118 | Common | SOLE |
| 45826T509 | ITRG | INTEGRA RES CORP | $1.9M | 0.30% | 475,000 | Common | SOLE |
| 69120X206 | OWLT | OWLET INC | $1.7M | 0.26% | 104,389 | Common | SOLE |
| N97284108 | NBIS | NEBIUS GROUP N.V. | $1.6M | 0.25% | 19,611 | Common | SOLE |
| 970646105 | WLFC | WILLIS LEASE FIN CORP | $1.6M | 0.25% | 12,002 | Common | SOLE |
| 172406308 | CNVS | CINEVERSE CORP | $1.6M | 0.25% | 768,650 | Common | SOLE |
| 014491104 | ALEX | ALEXANDER & BALDWIN INC NEW | $1.4M | 0.22% | 70,000 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $1.4M | 0.22% | 3,640 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $1.4M | 0.22% | 7,815 | Common | SOLE |
| 724479100 | PBI | PITNEY BOWES INC | $1.3M | 0.20% | 120,495 | Common | SOLE |
| 675746606 | ONIT | ONITY GROUP INC | $1.2M | 0.19% | 27,003 | Common | SOLE |
| 088929104 | BGC | BGC GROUP INC | $1.2M | 0.19% | 137,738 | Common | SOLE |
| 077347300 | BELFB | BEL FUSE INC | $1.2M | 0.19% | 7,234 | Common | SOLE |
| 73933G202 | PSIX | POWER SOLUTIONS INTL INC | $1.2M | 0.19% | 21,139 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $1.2M | 0.19% | 4,981 | Common | SOLE |
| 790148100 | JOE | ST JOE CO | $1.2M | 0.18% | 20,004 | Common | SOLE |
| Y1968P121 | DAC | DANAOS CORPORATION | $1.2M | 0.18% | 12,601 | Common | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $1.1M | 0.18% | 7,951 | Common | SOLE |
| 09581B103 | OWL | BLUE OWL CAPITAL INC | $1.1M | 0.17% | 75,000 | Common | SOLE |
| M87095309 | SPCB | SUPERCOM LTD NEW | $1.1M | 0.17% | 118,571 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $1.0M | 0.16% | 4,501 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $998,678 | 0.16% | 7,834 | Common | SOLE |
| 92835K103 | VPG | VISHAY PRECISION GROUP INC | $962,577 | 0.15% | 25,002 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $932,687 | 0.14% | 5,001 | Common | SOLE |
| 17253J106 | CIFR | CIPHER MINING INC | $898,220 | 0.14% | 60,855 | Common | SOLE |
| 415864107 | NVRI | ENVIRI CORP | $896,000 | 0.14% | 50,000 | Common | SOLE |
| 366505105 | GTX | GARRETT MOTION INC | $880,738 | 0.14% | 50,530 | Common | SOLE |
| 637215104 | NPK | NATIONAL PRESTO INDS INC | $856,429 | 0.13% | 8,022 | Common | SOLE |
| G29018101 | DLO | DLOCAL LTD | $848,612 | 0.13% | 60,015 | Common | SOLE |
| 462260100 | IOVA | IOVANCE BIOTHERAPEUTICS INC | $819,000 | 0.13% | 300,000 | Common | SOLE |
| 12653C108 | CNX | CNX RES CORP | $806,440 | 0.13% | 21,932 | Common | SOLE |
| 266042407 | DUOT | DUOS TECHNOLOGIES GROUP INC | $787,748 | 0.12% | 70,022 | Common | SOLE |
| 464287606 | IJK | ISHARES TR | $758,861 | 0.12% | 7,833 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $749,680 | 0.12% | 2,000 | Common | SOLE |
| 03676B102 | AM | ANTERO MIDSTREAM CORP | $747,251 | 0.12% | 42,004 | Common | SOLE |
| 285409108 | ELMD | ELECTROMED INC | $744,715 | 0.12% | 25,574 | Common | SOLE |
| 416906105 | HBIOUSD | HARVARD BIOSCIENCE INC | $741,493 | 0.12% | 1,108,692 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $731,005 | 0.11% | 3,243 | Common | SOLE |
| 021513106 | ALTO | ALTO INGREDIENTS INC | $720,576 | 0.11% | 250,200 | Common | SOLE |
| G9675P102 | WLAC | WILLOW LANE ACQUISITION CORP | $704,402 | 0.11% | 55,728 | Common | SOLE |
| 456237106 | ILPT | INDUSTRIAL LOGISTICS PPTYS T | $701,081 | 0.11% | 126,549 | Common | SOLE |
| 53635D202 | LQDA | LIQUIDIA CORPORATION | $689,800 | 0.11% | 20,000 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $688,396 | 0.11% | 15,001 | Common | SOLE |
| 29382R107 | EVC | ENTRAVISION COMMUNICATIONS C | $649,007 | 0.10% | 221,504 | Common | SOLE |
| 683797104 | OPY | OPPENHEIMER HLDGS INC | $646,345 | 0.10% | 8,941 | Common | SOLE |
| 33833Q106 | FPH | FIVE POINT HOLDINGS LLC | $643,208 | 0.10% | 115,064 | Common | SOLE |
| 124830878 | CBL | CBL & ASSOC PPTYS INC | $635,771 | 0.10% | 17,183 | Common | SOLE |
| 82452J109 | FOUR | SHIFT4 PMTS INC | $633,415 | 0.10% | 10,059 | Common | SOLE |
| 003881307 | ACTG | ACACIA RESH CORP | $623,353 | 0.10% | 166,672 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $622,990 | 0.10% | 11,003 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION | $622,826 | 0.10% | 3,396 | Common | SOLE |
| 40609P105 | HNRG | HALLADOR ENERGY COMPANY | $618,971 | 0.10% | 32,509 | Common | SOLE |
| 55825T103 | MSGS | MADISON SQUARE GRDN SPRT COR | $600,327 | 0.09% | 2,321 | Common | SOLE |
| 583928106 | MFIN | MEDALLION FINL CORP | $595,266 | 0.09% | 57,849 | Common | SOLE |
| 15101Q207 | CLS | CELESTICA INC | $591,220 | 0.09% | 2,000 | Common | SOLE |
| 682095104 | OFLX | OMEGA FLEX INC | $589,772 | 0.09% | 20,033 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $583,800 | 0.09% | 10,000 | Common | SOLE |
| 44891N208 | IAC | IAC INC | $560,108 | 0.09% | 14,325 | Common | SOLE |
| 55305B101 | MHO | M/I HOMES INC | $558,886 | 0.09% | 4,368 | Common | SOLE |
| G9456A100 | GLNG | GOLAR LNG LTD | $558,262 | 0.09% | 15,003 | Common | SOLE |
| G8726T105 | TK | TEEKAY CORPORATION LTD | $530,196 | 0.08% | 58,715 | Common | SOLE |
| 205684202 | CHCI | COMSTOCK HLDG COS INC | $527,966 | 0.08% | 45,436 | Common | SOLE |
| 36166F100 | GBFH | GBANK FINL HLDGS INC | $526,244 | 0.08% | 15,528 | Common | SOLE |
| G4095J109 | GLRE | GREENLIGHT CAPITAL RE LTD | $518,917 | 0.08% | 35,591 | Common | SOLE |
| 03211Q200 | AMPG | AMPLITECH GROUP INC | $513,449 | 0.08% | 171,722 | Common | SOLE |
| 911163103 | UNFI | UNITED NAT FOODS INC | $505,050 | 0.08% | 15,000 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $502,318 | 0.08% | 10,489 | Common | SOLE |
| 30049H102 | EVLV | EVOLV TECHNOLOGIES HLDNGS IN | $501,823 | 0.08% | 70,087 | Common | SOLE |
| G5S37H101 | MRX | MAREX GROUP PLC | $500,982 | 0.08% | 13,060 | Common | SOLE |
| 64110Y108 | NLOP | NET LEASE OFFICE PROPERTIES | $498,185 | 0.08% | 19,317 | Common | SOLE |
| 74275G107 | PRTH | PRIORITY TECHNOLOGY HLDGS IN | $492,854 | 0.08% | 90,432 | Common | SOLE |
| G3730V105 | FTAI | FTAI AVIATION LTD | $492,125 | 0.08% | 2,500 | Common | SOLE |
| 415858109 | HROW | HARROW INC | $490,000 | 0.08% | 10,000 | Common | SOLE |
| 754198109 | RAVE | RAVE RESTAURANT GROUP INC | $489,727 | 0.08% | 148,402 | Common | SOLE |
| 867981102 | SUNS | SUNRISE RLTY TR INC | $478,139 | 0.07% | 50,704 | Common | SOLE |
| 48669G303 | KZIA | KAZIA THERAPEUTICS LTD | $470,246 | 0.07% | 70,000 | Common | SOLE |
| 277461406 | KODK | EASTMAN KODAK CO | $461,941 | 0.07% | 54,603 | Common | SOLE |
| 632347100 | NATH | NATHANS FAMOUS INC NEW | $444,083 | 0.07% | 4,746 | Common | SOLE |
| 65345N106 | NN | NEXTNAV INC | $429,146 | 0.07% | 25,790 | Common | SOLE |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $425,240 | 0.07% | 5,004 | Common | SOLE |
| G7997W102 | SDRL | SEADRILL LTD | $415,304 | 0.06% | 12,003 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $404,292 | 0.06% | 600 | Common | SOLE |
| G2130T108 | INFQ | CHURCHILL CAP CORP X | $390,000 | 0.06% | 25,000 | Common | SOLE |
| 03843E104 | AQST | AQUESTIVE THERAPEUTICS INC | $387,600 | 0.06% | 60,000 | Common | SOLE |
| 37247D106 | GNW | GENWORTH FINL INC | $387,423 | 0.06% | 42,904 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $371,030 | 0.06% | 3,362 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $369,148 | 0.06% | 10,004 | Common | SOLE |
| 92512J106 | VBNK | VERSABANK NEW | $367,175 | 0.06% | 24,511 | Common | SOLE |
| 78467Y107 | MDY | SPDR S&P MIDCAP 400 ETF TR | $360,158 | 0.06% | 597 | Common | SOLE |
| 531914109 | LWAY | LIFEWAY FOODS INC | $349,542 | 0.05% | 14,426 | Common | SOLE |
| 47012E403 | JAKK | JAKKS PAC INC | $336,418 | 0.05% | 19,930 | Common | SOLE |
| 398433102 | GFF | GRIFFON CORP | $335,034 | 0.05% | 4,549 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $329,971 | 0.05% | 2,644 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $324,822 | 0.05% | 11,816 | Common | SOLE |
| G6202B101 | MNY | MONEYHERO LIMITED | $323,656 | 0.05% | 256,870 | Common | SOLE |
| 14167R100 | CCLD | CARECLOUD INC | $321,232 | 0.05% | 110,011 | Common | SOLE |
| 05614L209 | BW | BABCOCK & WILCOX ENTERPRISES | $317,000 | 0.05% | 50,000 | Common | SOLE |
| 770700102 | HOOD | ROBINHOOD MKTS INC | $316,680 | 0.05% | 2,800 | Common | SOLE |
| 55380K109 | MPTI | M-TRON INDS INC | $305,217 | 0.05% | 5,735 | Common | SOLE |
| 52474R207 | LGCY | LEGACY ED INC | $305,078 | 0.05% | 29,939 | Common | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $298,305 | 0.05% | 6,672 | Common | SOLE |
| 292554102 | ECPG | ENCORE CAP GROUP INC | $285,174 | 0.04% | 5,247 | Common | SOLE |
| 92259N302 | VELO | VELO3D INC | $274,800 | 0.04% | 20,000 | Common | SOLE |
| 714157203 | PESI | PERMA-FIX ENVIRONMENTAL SVCS | $272,561 | 0.04% | 21,649 | Common | SOLE |
| 87876P201 | TGEN | TECOGEN INC NEW | $271,784 | 0.04% | 55,017 | Common | SOLE |
| 74837P405 | QUIK | QUICKLOGIC CORP | $264,019 | 0.04% | 43,930 | Common | SOLE |
| 714167103 | PPIH | PERMA-PIPE INTL HLDGS INC | $254,326 | 0.04% | 8,377 | Common | SOLE |
| 83406F102 | SOFI | SOFI TECHNOLOGIES INC | $209,492 | 0.03% | 8,002 | Common | SOLE |
| 74319B502 | PROF | PROFOUND MED CORP | $207,925 | 0.03% | 26,420 | Common | SOLE |
| 25380B102 | DGXX | DIGI PWR X INC | $204,000 | 0.03% | 80,000 | Common | SOLE |
| 24661P807 | DCTH | DELCATH SYS INC | $202,000 | 0.03% | 20,000 | Common | SOLE |
| 11161T207 | BWEN | BROADWIND INC | $141,500 | 0.02% | 50,000 | Common | SOLE |
| 19188U206 | CODA | CODA OCTOPUS GROUP INC | $134,273 | 0.02% | 14,438 | Common | SOLE |
| 25400Q105 | DJT | TRUMP MEDIA & TECHNOLOGY GRO | $132,400 | 0.02% | 10,000 | Common | SOLE |
| 886029206 | THRY | THRYV HLDGS INC | $121,000 | 0.02% | 20,000 | Common | SOLE |
| G9572D103 | BULL | WEBULL CORP | $93,240 | 0.01% | 12,000 | Common | SOLE |
| 81720R604 | SNES | SENESTECH INC | $81,675 | 0.01% | 38,166 | Common | SOLE |
| 00218A105 | ASPI | ASP ISOTOPES INC | $80,250 | 0.01% | 15,000 | Common | SOLE |
| G21810109 | CLVT | CLARIVATE PLC | $66,800 | 0.01% | 20,000 | Common | SOLE |
| 98923T104 | ZDGE | ZEDGE INC | $43,198 | 0.01% | 13,170 | Common | SOLE |
| 60785L207 | — | MODULAR MED INC | $36,410 | 0.01% | 100,000 | Common | SOLE |
| G98338109 | YTRA | YATRA ONLINE INC | $35,600 | 0.01% | 20,000 | Common | SOLE |
| M5R635108 | INVZ | INNOVIZ TECHNOLOGIES LTD | $21,328 | 0.00% | 25,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.