Q4 2025 · 13F-HR
Karl Kapital LLCholdings as filed
Filed 2026-02-17 · accession 0001214659-26-001969
$112.8M
Reported value
18
Positions
2025-12-31
Period end
The Brief · Karl Kapital LLC · Q4 2025
AI · grounded in 13F
Karl Kapital LLC established a new position in ENCORE CAP GROUP INC valued at $14.56M. The fund also initiated stakes in SKWD for $11.75M and FLYWIRE CORPORATION for $10.35M. Additional new positions include WD at $7.01M and PGR at $6.88M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 292554102 | ECPG | ENCORE CAP GROUP INC | $14.6M | 12.9% | 267,817 | Common | SOLE |
| 830940102 | SKWD | SKYWARD SPECIALTY INS GROUP | $11.7M | 10.4% | 229,878 | Common | SOLE |
| 302492103 | FLYW | FLYWIRE CORPORATION | $10.4M | 9.18% | 731,091 | Common | SOLE |
| 93148P102 | WD | WALKER & DUNLOP INC | $7.0M | 6.22% | 116,617 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $6.9M | 6.10% | 30,208 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $6.6M | 5.81% | 27,028 | Common | SOLE |
| 69376K106 | RPC | P10 INC | $6.5M | 5.77% | 663,446 | Common | SOLE |
| 90187B804 | TWO | TWO HBRS INVT CORP | $6.1M | 5.40% | 579,667 | Common | SOLE |
| 902788108 | UMBF | UMB FINL CORP | $6.0M | 5.28% | 51,728 | Common | SOLE |
| 92826C839 | V | VISA INC | $5.7M | 5.09% | 16,360 | Common | SOLE |
| 46187W107 | INVH | INVITATION HOMES INC | $5.3M | 4.72% | 191,373 | Common | SOLE |
| 947002101 | WLTH | WEALTHFRONT CORP | $5.2M | 4.61% | 382,414 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $4.5M | 3.97% | 8,574 | Common | SOLE |
| 008252108 | AMG | AFFILIATED MANAGERS GROUP IN | $4.3M | 3.81% | 14,898 | Common | SOLE |
| 784117103 | SEIC | SEI INVTS CO | $3.5M | 3.13% | 43,072 | Common | SOLE |
| 294429105 | EFX | EQUIFAX INC | $3.5M | 3.09% | 16,042 | Common | SOLE |
| 860630102 | SF | STIFEL FINL CORP | $3.3M | 2.95% | 26,529 | Common | SOLE |
| 91823B109 | UWMC | UWM HOLDINGS CORPORATION | $1.8M | 1.56% | 400,832 | 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.