Private Capital Management

Period

Q2 2026

Portfolio Date

Jun 30, 2026

Stocks Held

175

Market Value

$1.1B

Holdings Value Trend

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

Top 5 Holdings

$QNST

QuinStreet, Inc.

6.1%

% of Portfolio

Increased 6.43%

$HROW

Harrow, Inc.

6.0%

% of Portfolio

Increased 2.35%

$TH

Target Hospitality Corp.

5.8%

% of Portfolio

Decreased 30.03%

$LGND

LIGAND PHARMACEUTICALS

4.6%

% of Portfolio

Decreased 17.56%

$PERI

Perion Network Ltd.

4.4%

% of Portfolio

Increased 7.44%

Historical Positions

Symbol	Q2 2026	Q1 2026	Q4 2025	Q3 2025
QNST	6.1%	5.3%	5.5%	5.7%
HROW	6.0%	5.5%	8.3%	8.0%
TH	5.8%	4.3%	-	3.4%
LGND	4.6%	4.0%	3.6%	3.6%
PERI	4.4%	4.8%	-	-
BGC	4.0%	4.0%	3.4%	3.5%
KKR	3.8%	4.3%	3.7%	3.6%
BBSI	3.8%	-	3.3%	3.9%
LNTH	3.5%	-	3.4%	-
JPM	3.2%	3.3%	3.3%	-

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

QNST+39.04%

JEF+133.11%

SNEX+136.46%

KKR+16.60%

III+19.95%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

TH-13.41%

AIOT-21.15%

MPAA-23.17%

BBSI-6.45%

HROW-0.97%

Sector Analysis

Others3.2%

Materials1.6%

Financials23.9%

Healthcare17.6%

Technology12.9%

Industrials18.6%

Real Estate0.9%

Consumer Staples1.4%

Trading Summary

$MEG

0.5%

New

$VRRM

0.4%

New

$OTC-ATROB

0.3%

New

$AMAT

0.0%

New

$ETF-IVW

0.0%

New

$HONA

0.0%

New

$INTC

0.0%

New

$MDXG

0.0%

New

$NOW

0.0%

New

All Holdings

$QNST

6.1%

Increased 6.43%

$HROW

6.0%

Increased 2.35%

$TH

5.8%

Decreased 30.03%

$LGND

4.6%

Decreased 17.56%

$PERI

4.4%

Increased 7.44%

$BGC

4.0%

Increased 1.86%

$KKR

3.8%

Increased 2.21%

$BBSI

3.8%

Increased 20.92%

$LNTH

3.5%

Increased 0.16%

$JPM

3.2%

Decreased 1.59%

$MPAA

3.2%

Increased 2.15%

$ASUR

2.9%

Increased 4.77%

$MATW

2.9%

Increased 5.00%

$AIOT

2.5%

Decreased 0.19%

$ACNB

1.9%

Increased 0.44%

$SMBK

1.8%

Increased 1.02%

$III

1.8%

Increased 4.34%

$FAF

1.7%

Increased 9.09%

$PNFP

1.6%

Increased 1.26%

$LAKE

1.2%

Decreased 17.17%

$ASLE

1.2%

Increased 28.99%

$HTB

1.1%

Increased 1.74%

$TROX

0.7%

Decreased 25.17%

$RJF

0.7%

$ETF-SPY

0.7%

Increased 2.04%

$IBM

0.6%

Decreased 7.82%

$AAPL

0.6%

Decreased 0.21%

$PBFS

0.6%

Increased 3.36%

$ETF-CEFS

0.6%

Increased 13.76%

$GOOGL

0.5%

Decreased 3.68%

$MEG

0.5%

New

$ATRO

0.5%

Decreased 77.27%

$ETF-NOBL

0.5%

Increased 110.71%

$ETF-DON

0.5%

Increased 0.71%

$PLTR

0.5%

Decreased 2.08%

$BHB

0.4%

Increased 9.87%

$MSFT

0.4%

Increased 4.39%

$ETF-IGV

0.4%

Increased 3.87%

$ETF-IJH

0.4%

Increased 10.70%

$VRRM

0.4%

New

$AMZN

0.4%

Decreased 1.30%

$ETF-IVV

0.4%

Increased 11.40%

$ETF-DVY

0.4%

Increased 0.78%

$ETF-WTPI

0.4%

Increased 7.70%

$ETF-VIG

0.3%

Decreased 1.20%

$CLX

0.3%

Increased 116.48%

$CC

0.3%

Decreased 6.15%

$KLAC

0.3%

Increased 0.08%