LMB

LMB

LMB

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Jul 9, 2025	Liberty Park Capital Management	1.4%	-2.2%	AUR, COMP, HAYPP SS, LAKE, LBRT, LMB, NSSC, NWL, QUBT, SKY, XMTR	alpha, Long/Short, policy risk, Speculation, volatility	The letter frames volatility as both a risk and an opportunity, driven by tariffs, policy reversals, and speculative behavior. Management describes using long and short positions to exploit exaggerated market moves. Volatile conditions are seen as fertile ground for alpha through security selection.	LAKE SKY NSSC XMTR	View
2025 Q2	Jul 21, 2025	Wasatch Micro Cap Fund	12.6%	-	AGYS, AXGN, GDYN, LMB, ROAD, WEAV	earnings growth, growth, innovation, Market cycles, Micro-Cap	The letter focuses on high-growth micro-cap companies with differentiated models and strong management teams. A risk-on environment favored lower-quality peers, creating relative underperformance. The fund remains focused on long-term growth rather than short-term style rotations.	GDYN AGYS ROAD LMB	View
2025 Q3	Oct 8, 2025	Liberty Park Capital Management	1.1%	-1.1%	BKTI, BOOM, LMB, NSSC, WHR, XMTR	AI Bubble, Co-Investments, risk management, small caps, Speculation	Liberty Park warns of speculative excess reminiscent of the dot-com bubble, where unprofitable companies rebrand as AI plays to attract investors. The fund remains long quality cyclicals but hedges against profitless tech hype through selective shorts and options. It also launches SPVs to co-invest in high-conviction opportunities, emphasizing disciplined risk control.		View
2025 Q3	Oct 20, 2025	Wasatch Micro Cap Fund	9.5%	-	LMB, PAR, PI, PNTG, VITL	digital transformation, Energy Infrastructure, High Growth, Micro Caps, Sustainable Food	The fund benefited from holdings in Vital Farms and Willdan Group as consumer demand for ethical food and energy infrastructure rose. Managers favor high-growth companies with durable business models in sustainability, logistics, and digital transformation. Despite near-term underperformance versus speculative biotech, they expect strong upside as fundamentals reassert.	PNTG LMB VITL PI WLDN	View
2025 Q4	Jan 24, 2026	1 Main Capital	3.4%	20.1%	BFIT.AS, DNTL, IWG.L, LMB, MBUU, MCFT, PRKR, RLGT, SUP, WATR	Building Systems, concentrated, FCF, Industrial Services, small caps, value	The fund focuses on finding attractive opportunities where high quality meets low valuation, particularly in smaller, old-economy businesses that remain ignored and mispriced. Many top holdings generate double-digit FCF yields while trading at bargain multiples. The fund capitalizes on smaller companies consistently underperforming larger companies since inception, providing opportunities to acquire high-quality businesses at attractive multiples. The portfolio is concentrated in smaller, overlooked businesses.	LMB	View
2025 Q4	Jan 24, 2026	Greystone Capital	0.3%	2.8%	APG, BEL, DR.TO, FC, FOUR, KITS.TO, LMB, LNF.TO, LSPD.TO, NRP, SQ, SYZ, TOST, VYX	Buybacks, Coal, concentrated, E-Commerce, payments, small caps, value	Natural Resource Partners continues to benefit from global coal consumption reaching record highs of 8.8 billion tons in 2025. The royalty business model provides exceptional durability through various pricing environments while avoiding ongoing capital expenditures and high operating costs. KITS Eyecare represents a vertically integrated direct-to-consumer eyecare model with strong unit economics. The company has achieved product/market fit with favorable CAC/LTV ratios and continues to take share from traditional optometry and less integrated online competitors. Shift4 Payments operates as an integrated end-to-end payments business with deep industry knowledge across hospitality, restaurant, and stadium verticals. The company owns the gateway layer and full payment stack, enabling higher margins and stronger customer retention than commodity payment processors. Medical Facilities Corp has repurchased over 20% of shares outstanding through tender offers and open market purchases, reducing total shares by nearly 40% over four years. Management demonstrates disciplined capital allocation focused on maximizing per-share value.	FOUR DR CN APG KITS CN NRP	View
2023 Q2	Jul 30, 2023	Greystone Capital	8.0%	16.0%	APG, B4F GR, CURN, LMB, RICK, SYZ CN	-			View
2024 Q2	Jul 26, 2024	Greystone Capital	8.0%	16.0%	APG, BELFA, DR CN, LMB, SYZ CN	-			View
2024 Q2	Jul 25, 2024	Liberty Park Capital Management	7.1%	2.5%	BLBD, COHR, ENVX, ETD, HEES, INTT, KRNT, LMB, LWLG, PRIM, RELL, SWIM	-			View
2023 Q2	Jul 23, 2023	1 Main Capital	4.0%	11.3%	BFIT NA, DNTL CN, IWG LN, KKR, LMB	-			View
2024 Q2	Jul 17, 2022	Laughing Water Capital	2.5%	11.1%	APG, CDMO, CTLP, HGV, LFCR, LMB, NN, THRY, VTY LN, XPOF	-			View
2024 Q2	Jun 30, 2024	THB Asset Management	10.3%	10.1%	DAKT, LMB, LUNA, NVEE, PLUS	-			View
2023 Q1	Apr 13, 2023	1 Main Capital	4.0%	11.3%	DNTL CN, LMB	-			View
2023 Q4	Jan 25, 2024	Laughing Water Capital	2.5%	11.1%	APG, CDMO, ENZ, HGV, LFCR, LMB, NN, THRY, VNDA, VTY LN	-			View
2023 Q4	Jan 23, 2024	1 Main Capital	4.0%	11.3%	DNTL, IWG, LMB, RICK	-			View
2024 Q4	Jan 20, 2025	Greystone Capital	0.5%	19.2%	BELFB, DESP, IVFH, LMB, NRP, SYZ CN	-			View
2023 Q4	Jan 16, 2024	Liberty Park Capital Management	7.1%	2.5%	AMWD, BELFB, CMT, GPI, HCC, INTT, KOP, LMB, TGLS, VSH	-			View
2023 Q4	Jan 2, 2024	Greystone Capital	8.0%	16.0%	APG, BELFA, CURN, FC, LMB, SENEA, SYZ CN, THRY	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Jan 27, 2026	Fund Letters	Yaron Naymark	Limbach Holdings, Inc.	Industrials	Commercial & Professional Services	Bull	NASDAQ	Acquisitions, Buildingsystems, Freecashflow, infrastructure, Margins, Ownerdirect	View Pitch
Jan 8, 2026	Fund Letters	Ken Korngiebel	Limbach Holdings, Inc.	Industrials	Construction & Engineering	Bull	NASDAQ	Building Systems, HVAC, margin expansion, Owner-direct, strategic pivot, turnaround	View Pitch
Nov 29, 2025	Fund Letters	Ken Korngiebel	Limbach Holdings Inc.	Industrials	Engineering & Construction	Bull	NASDAQ	backlog, construction, growth, HVAC, infrastructure, Integration, Margins, Owner-direct, recovery	View Pitch
Sep 24, 2025	Substack	Shareholders Unite	Limbach Holdings, Inc.	Industrials	Building Products & Equipment	Bull		Acquisitions, building systems solutions, economic resilience, gross profit margins, maintenance services, Market expansion, ODR segment, Owner Direct Relationships, Revenue Growth, strategic focus	View Pitch
Sep 16, 2025	Short Thesis	Spruce Point	Limbach Holdings Inc	Industrials	Construction	Bear	NASDAQ	Accounting, Backlog risk, construction, Governance, Margins	View Pitch

BSD Shareholders of LMB

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

Manager Name	Fund Name	Fund AUM	Invested Value	Portfolio Weight	Shares Owned	Shares Bought / Sold During Quarter	% Bought / Sold During Quarter	% of Shares Outstanding Owned
No investor data available.

Join for free and get access to the buyside

Get insights from the world's most influential hedge fund investors direct to your inbox

Follow Us On: