SEC Filing Summary: BRC Group Holdings, Inc.
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by BRC Group Holdings, Inc. for the reporting period ending June 30, 2026. The document discloses the investment manager's holdings of equity securities and certain debt instruments as of the close of the quarter. It does not contain operational financial statements for BRC Group Holdings itself.
Key Financial Metrics and Portfolio Composition
The filing details a portfolio of 38 distinct positions. The total value of the reported holdings is approximately $638.5 million, calculated by summing the "Value" column for all listed securities.
- Top Holding: Babcock & Wilcox Enterprises, Inc. (Common Stock) valued at $386,995,960 (approx. 60.6% of total reported value).
- Second Largest: Doubledown Interactive Co., Ltd. (ADS) valued at $18,751,111.
- Third Largest: Sequans Communications S.A. (Sponsored ADS) valued at $4,897,149.
- Debt Holdings: The portfolio includes two debt positions: Cable One, Inc. Note ($130,000) and Xerox Holdings Corporation Note ($35,013).
- Voting Authority: All listed positions are reported with "Sole" voting authority and "None" for shared or sole discretionary authority in the context of the specific columns provided (labeled DFND).
Material Changes
The filing text provided does not contain comparative data from the prior quarter (March 31, 2026) or year-over-year figures. Therefore, material changes in position size or portfolio composition cannot be determined from this document alone.
Guidance, Outlook, and Risks
As a Form 13F, this document is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingency plans for BRC Group Holdings, Inc. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total portfolio value by summing the "Value" column to confirm the aggregate exposure.
- Confirm the concentration risk, as the top holding (Babcock & Wilcox) represents over 60% of the reported portfolio value.
- Check subsequent filings (e.g., 13F-HR for the next quarter) to assess turnover and changes in the top 5 positions.
- Review the specific CUSIPs to ensure the "Title of Class" matches the intended investment vehicle (e.g., distinguishing between Common Stock and ADS).
- Note that the filing lists "DFND" in the investment discretion column; verify the specific meaning of this code in the context of the manager's reporting standards if it deviates from standard "Sole," "Shared," or "Discretionary" labels.