Private Capital Management

Private Capital Management

Period

Q1 2026

Portfolio Date

Mar 31, 2026

Stocks Held

173

Market Value

$979.0M

Portfolio Analysis

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I. Institutional Overview

Private Capital Management (PCM), often recognized in the investment community as a "Small-Cap Specialist," has long maintained a reputation for disciplined, value-oriented investing with a particular focus on identifying undervalued opportunities within the smaller tiers of the market capitalization spectrum. As of the portfolio snapshot taken on March 31,...

The current scale of the portfolio suggests a period of relative stability and strategic consolidation. With a total of 173 holdings, the institution demonstrates a "diversified conviction" approach. While the number of stocks is high, suggesting a broad net cast across various industries to mitigate idiosyncratic risk, a closer look at the concentration...

The psychological portrait of Private Capital Management this quarter is one of "active refinement." The institution is not merely sitting on its historical winners; it is actively pruning long-term positions—some held for over a decade—to recycle capital into new themes. The investment style can be characterized as "pragmatic value." They are looking for...

Based on the latest available 13F filing.

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Holdings Value Trend

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Historical Positions

SymbolQ1 2026Q4 2025Q3 2025Q2 2025
HROW5.5%8.3%8.0%5.7%
QNST5.3%5.5%5.7%6.5%
PERI4.8%---
TH4.3%-3.4%3.3%
KKR4.3%3.7%3.6%4.1%
BGC4.0%3.4%3.5%4.1%
LGND4.0%3.6%3.6%-
ASUR3.4%3.5%-3.7%
JPM3.3%3.3%-3.1%
- SECURE WASTE INFRASTRUCTURE----

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

TH+90.41%
SNEX+60.87%
LNTH+37.53%
JEF+44.56%
BGC+14.62%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

HROW+6.78%
QNST+1.50%
TROX-20.78%
PLTR-10.39%
IBM+13.39%

Sector Analysis

Energy1.3%
Others0.4%
Materials3.0%
Financials29.0%
Healthcare15.6%
Technology13.0%
Industrials16.7%
Real Estate0.8%