Q4 2025 · 13F-HR
Harspring Capital Management, LLCholdings as filed
Filed 2026-02-13 · accession 0001652327-26-000002
$269.6M
Reported value
14
Positions
2025-12-31
Period end
The Brief · Harspring Capital Management, LLC · Q4 2025
AI · grounded in 13F
Harspring Capital Management, LLC closed its position in THRYV HLDGS INC THRY, reducing its holdings by $3.6M. The fund trimmed its stake in IAC Inc. IAC by 35.7% and reduced its position in News Corporation NWSA by 3.2%. Conversely, the manager accumulated shares of Cogent Communications Holdings, Inc. CCOI by 60.3% and 1stdibs.Com, Inc. DIBS by 8.2%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 29357K103 | ENVA | Enova International, Inc. | $35.4M | 13.1% | 225,500 | Common | SOLE |
| 237266101 | DAR | Darling Ingredients Inc. | $32.9M | 12.2% | 915,000 | Common | SOLE |
| 19239V302 | CCOI | Cogent Communications Holdings, Inc. | $30.2M | 11.2% | 1,402,500 | Common | SOLE |
| 30303M102 | META | Meta Platforms, Inc. | $29.4M | 10.9% | 44,500 | Common | SOLE |
| 023135106 | AMZN | Amazon.com, Inc. | $28.7M | 10.6% | 124,200 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc. | $21.2M | 7.87% | 67,650 | Common | SOLE |
| 90041L105 | TPB | Turning Point Brands, Inc. | $19.7M | 7.30% | 181,500 | Common | SOLE |
| 52603A208 | LC | LendingClub Corporation | $16.3M | 6.04% | 860,000 | Common | SOLE |
| 65249B109 | NWSA | News Corporation | $15.7M | 5.83% | 601,500 | Common | SOLE |
| 44891N208 | IAC | IAC Inc. | $12.3M | 4.57% | 315,000 | Common | SOLE |
| 781846209 | RUSHA | Rush Enterprises, Inc. | $12.1M | 4.50% | 225,000 | Common | SOLE |
| 023586506 | UHAL/B | U-Haul Holding Company | $8.6M | 3.21% | 185,000 | Common | SOLE |
| 320551104 | DIBS | 1stdibs.Com, Inc. | $4.0M | 1.47% | 660,000 | Common | SOLE |
| 50187T106 | LGIH | LGI Homes, Inc. | $3.0M | 1.11% | 69,500 | 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.