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 December 31, 2024. The document discloses the investment manager's holdings in equity securities and certain debt instruments as of the close of the quarter.
Key Financial Metrics and Holdings
The filing details a portfolio of 16 distinct positions. The total value of reported holdings is approximately $120.5 million based on the sum of the "Value" column. The portfolio is heavily concentrated in a few large positions:
- Babcock & Wilcox Enterprises: Largest holding by value at $45,012,296 (27,446,522 shares).
- Doubledown Interactive Co: Second largest holding at $43,706,141 (4,186,412 shares).
- Agens Inc: Third largest holding at $2,074,059 (756,956 shares).
The portfolio includes common stock, American Depositary Shares (ADS), notes, and warrants. Voting authority for all listed positions is reported as Sole discretion.
Material Changes
The filing text provided does not contain comparative data from the prior quarter (September 30, 2024). Therefore, material changes in position size, new entries, or exits cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of holdings and do not contain management guidance, forward-looking outlooks, or specific risk commentary regarding the issuer's operations. 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 against the sum of individual position values to ensure no rounding discrepancies.
- Confirm the specific CUSIP numbers for the debt instruments (Chegg Inc Note, Wolfspeed Inc Note) to ensure correct security identification.
- Review the "Shares or Other Principal Amount" column to distinguish between share counts and principal amounts for debt securities.
- Check subsequent filings to determine if the large positions in Babcock & Wilcox and Doubledown Interactive were maintained or adjusted in the following quarter.