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, 2025. The document discloses the investment manager's holdings in equity securities and other reportable assets as of the close of the quarter.
Key Financial Metrics and Portfolio Composition
The filing details a portfolio of 22 distinct positions. The total value of the reported holdings is approximately $223.8 million, calculated by summing the "Value" column for all listed issuers. The portfolio is heavily concentrated in a few key positions:
- Babcock & Wilcox Enterprises, Inc.: $174,010,949 (Approx. 77.7% of total reported value)
- Doubledown Interactive Co., Ltd.: $30,010,307 (Approx. 13.4% of total reported value)
- Applied Digital Corporation: $12,137,400 (Approx. 5.4% of total reported value)
The remaining 19 positions each represent less than 1.5% of the total portfolio value. The filing does not provide data on the company's own revenue, profit, cash flow, or debt levels, as Form 13F is strictly a disclosure of external holdings.
Material Changes and Voting Authority
The filing text does not provide comparative data from the prior period (September 30, 2025) to determine material changes in holdings. All reported positions indicate Sole Discretion for voting authority, with no shared or none voting authority reported. The investment manager holds these positions primarily as "SH" (Shares) or "PRN" (Principal Amount for debt), with no Put/Call options reported.
Outlook, Risks, and Contingencies
As a standard Form 13F filing, this document contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. It is a regulatory snapshot of asset ownership. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Concentration Risk: The portfolio is extremely concentrated, with the top two holdings (Babcock & Wilcox and Doubledown Interactive) comprising over 91% of the total reported value.
- Asset Class: The portfolio consists almost entirely of common stock and one debt instrument (Xerox Holdings Corporation Note).
- Reporting Limitations: This filing does not reflect the company's operational financial health, only its investment portfolio.
- Missing Data: The filing text does not provide a clear value for the total assets under management (AUM) beyond the sum of these specific reportable holdings, nor does it disclose any short positions.