HC
Harspring Capital Management, LLC — 13F Filing & Top Stock Positions (Q2 2026)
Harspring Capital Management, LLCCIK: 0001652327
High-turnover traderQuality / disciplined sizingSector-focused
Total reported value
$53.7M
Reporting period: 2026-06-30 · Number of holdings: 7
Harspring Capital Management, LLC disclosed 7 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $53.7M and a quarterly turnover rate of 111.9%.
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Personality snowflake
- Concentration
- 61.22
- Portfolio Stability
- 100
- Momentum
- 50
- Sector conviction
- 83.81
- Diversification
- 14
- Sizing Uniformity
- 97.12
Harspring Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.153 — mathematically equivalent to about 7 equally-sized positions, close to its 7 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.29), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd GOOG
-50.0% -$5.5M
Sold out NWSA
Sold out RUSHA
Sold out TPB
Sold out HAPN
Sold out PPLI
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DAR | Darling Ingredients Inc | Stock-Consumer Staples | 16.63% | +2.80% | -61.53% | |
| 2 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 16.45% | +8.90% | -50.00% | |
| 3 | ENVA | Enova International Inc | Stock-Financials | 15.69% | +3.54% | -79.41% | |
| 4 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 15.53% | +5.12% | -63.16% | |
| 5 | CCOI | Cogent Communications Holdin | Stock-Other | 15.49% | +4.72% | -44.86% | |
| 6 | META | Meta Platforms Inc-class A | Stock-Comm Services | 15.21% | +5.13% | -56.72% | |
| 7 | DIBS | 1stdibs.com Inc | Stock-Other | 5.02% | +3.14% | -15.38% |
Portfolio Performance
Performance for Q3 2026
+2%
Performance Last 4 Quarters
+11.8%
- Stdev
- +21.4%
- Beta
- +1.14
- Alpha
- -7.1%
- Max Drawdown
- -19.5%
- Annualized Perf
- +14.5%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +1.39
- Stutzer
- +0.22
- Treynor
- +0.14
- Sterling
- +0.66
- Calmar
- +0.74
- Information Ratio
- -0.27
- Tracking Error
- +15.6%
- Stdev Down
- +11.4%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +51.8%
- Worst 12 Months
- -10.5%
- Efficiency Ratio
- +0.28
- Sharpe
- +0.74
- Stdev Sectors
- +8.6%
- Skewness
- +0.35
- Kurtosis
- -0.35
- Upside Potential
- +3.32
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 7 | $53.7M | 100 | ||
| 2026 Q1 | 14 | $190.1M | 35 | ||
| 2025 Q4 | 14 | $269.6M | 18 | ||
| 2025 Q3 | 15 | $261.2M | 41 | ||
| 2025 Q2 | 17 | $284.2M | 0 | ||
| 2025 Q1 | 16 | $261.5M | 100 | ||
| 2024 Q4 | 17 | $351.8M | 0 | ||
| 2024 Q3 | 18 | $420.6M | 0 | ||
| 2024 Q2 | 18 | $394.9M | 0 | ||
| 2024 Q1 | 17 | $423.8M | 0 | ||
| 2023 Q4 | 17 | $421.9M | 0 | ||
| 2023 Q3 | 18 | $377.1M | 0 | ||
| 2023 Q2 | 16 | $402.3M | 0 | ||
| 2023 Q1 | 17 | $375.6M | 0 | ||
| 2022 Q4 | 18 | $387.4M | 0 | ||
| 2022 Q3 | 18 | $418.0M | 0 | ||
| 2022 Q2 | 19 | $445.9M | 0 | ||
| 2022 Q1 | 28 | $605.9M | 0 | ||
| 2021 Q4 | 33 | $610.7M | 0 | ||
| 2021 Q3 | 38 | $649.8M | 0 | ||
| 2021 Q2 | 38 | $673.0M | 100 | ||
| 2021 Q1 | 34 | $573.3M | 40 | ||
| 2020 Q4 | 34 | $488.1M | 56 | ||
| 2020 Q3 | 27 | $360.1M | 70 | ||
| 2020 Q2 | 22 | $296.4M | 86 | ||
| 2020 Q1 | 22 | $178.9M | 100 | ||
| 2019 Q4 | 31 | $154.6M | — |
Holding changes this quarter
Harspring Capital Management, LLC's most significant position changes for 2026-06-30: Sold out: News CORP - Class A (NWSA); Sold out: Rush Enterprises Inc-cl A (RUSHA); Sold out: Turning Point Brands Inc (TPB); Sold out: Happen Inc (HAPN); Sold out: People Inc (PPLI).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +8.9% | -50.00% | Trim |
| 2 | META | Meta Platforms Inc-class A | +5.1% | -56.72% | Trim |
| 3 | AMZN | Amazon.com Inc | +5.1% | -63.16% | Trim |
| 4 | CCOI | Cogent Communications Holdin | +4.7% | -44.86% | Trim |
| 5 | ENVA | Enova International Inc | +3.5% | -79.41% | Trim |
| 6 | DIBS | 1stdibs.com Inc | +3.1% | -15.38% | Trim |
| 7 | DAR | Darling Ingredients Inc | +2.8% | -61.53% | Trim |
| 8 | LGIH | Lgi Homes Inc | -1.1% | EXIT | Sold out |
| 9 | UHAL-B | U-haul Holding Co-non Voting | -3.4% | EXIT | Sold out |
| 10 | PPLI | People Inc | -5.2% | EXIT | Sold out |
| 11 | HAPN | Happen Inc | -5.3% | EXIT | Sold out |
| 12 | TPB | Turning Point Brands Inc | -5.8% | EXIT | Sold out |
| 13 | RUSHA | Rush Enterprises Inc-cl A | -6.3% | EXIT | Sold out |
| 14 | NWSA | News CORP - Class A | -6.3% | EXIT | Sold out |
Filing History
FAQ
What is Harspring Capital Management, LLC and what type of investor is it?
Harspring Capital Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $53.7M, spread across 7 disclosed positions.
What are Harspring Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Harspring Capital Management, LLC's top holdings by market value are:
1. Darling Ingredients Inc (DAR) — $8.9M (16.6%)
2. Alphabet Inc-cl C (GOOG) — $8.8M (16.4%)
3. Enova International Inc (ENVA) — $8.4M (15.7%)
4. Amazon.com Inc (AMZN) — $8.3M (15.5%)
5. Cogent Communications Holdin (CCOI) — $8.3M (15.5%)
What changes did Harspring Capital Management, LLC make in its most recent portfolio filing?
In the latest quarter, Harspring Capital Management, LLC took a more defensive posture — trimming 7 positions and completely exiting 7 holdings. The largest of these moves: Sold out: News CORP - Class A (NWSA); Sold out: Rush Enterprises Inc-cl A (RUSHA); Sold out: Turning Point Brands Inc (TPB); Sold out: Happen Inc (HAPN); Sold out: People Inc (PPLI)
What sectors does Harspring Capital Management, LLC focus on?
Harspring Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 39.8%
• Consumer Staples: 20.9%
• Financials: 19.7%
• Consumer Discretionary: 19.5%
Investment Profile
Harspring Capital Management, LLC returned an annualized 14.5% over the trailing 36 months — underperforming the S&P 500 by 7.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.14 (more volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is moderately concentrated and fast-trading, with 39.8% of the portfolio concentrated in Communication Services.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
It has trimmed its ENVA position for two straight quarters, cutting it by $27.0M while still holding $8.4M.
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