# GENDELL JEFFREY L

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1056581. Source: https://holderbook.com/funds/1056581-gendell-jeffrey-l/

- Reported value: $11.3B
- Positions: 103
- Weight of the ten largest: 80.8%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| IES HOLDINGS INC | [IESC](https://holderbook.com/stocks/IESC/) | $7.6B | 10,293,528 | 66.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $351.6M | 315,000 | 3.1% | 5 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $341.1M | 150,000 | 3.0% | 6 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $160.1M | 1,007,315 | 1.4% | 5 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $150.1M | 130,000 | 1.3% | 8 |
| TUTOR PERINI CORP | [TPC](https://holderbook.com/stocks/TPC/) | $127.7M | 1,539,141 | 1.1% | 4 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $126.3M | 861,500 | 1.1% | 1 |
| WHITE MTNS INS GROUP LTD | [WTM](https://holderbook.com/stocks/WTM/) | $122.8M | 59,243 | 1.1% | 3 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $104.1M | 590,500 | 0.9% | 2 |
| ALPHA METALLURGICAL RESOUR I | [AMR](https://holderbook.com/stocks/AMR/) | $99.2M | 601,255 | 0.9% | 22 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $95.8M | 150,009 | 0.8% | 9 |
| VANECK ETF TRUST | [OIH](https://holderbook.com/stocks/OIH/) | $92.5M | 248,590 | 0.8% | 12 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $83.0M | 325,000 | 0.7% | 6 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $81.3M | 140,000 | 0.7% | 7 |
| AVANTOR INC | [AVTR](https://holderbook.com/stocks/AVTR/) | $75.3M | 7,607,270 | 0.7% | 3 |
| BABCOCK & WILCOX ENTERPRISES | [BW](https://holderbook.com/stocks/BW/) | $72.5M | 5,142,978 | 0.6% | 13 |
| UFP INDUSTRIES INC | [UFPI](https://holderbook.com/stocks/UFPI/) | $68.2M | 751,340 | 0.6% | 5 |
| TRANSOCEAN LTD | [RIG](https://holderbook.com/stocks/RIG/) | $67.7M | 13,853,533 | 0.6% | 9 |
| GENWORTH FINL INC | [GNW](https://holderbook.com/stocks/GNW/) | $67.6M | 7,141,238 | 0.6% | 4 |
| MOHAWK INDS INC | [MHK](https://holderbook.com/stocks/MHK/) | $67.6M | 557,360 | 0.6% | 18 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $60.0M | 370,000 | 0.5% | 5 |
| ASSURED GUARANTY LTD | [AGO](https://holderbook.com/stocks/AGO/) | $58.2M | 726,136 | 0.5% | 2 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $53.9M | 570,000 | 0.5% | 2 |
| BLUELINX HLDGS INC | [BXC](https://holderbook.com/stocks/BXC/) | $47.3M | 764,406 | 0.4% | 31 |
| PEABODY ENGR CORP | [BTU](https://holderbook.com/stocks/BTU/) | $46.3M | 2,003,893 | 0.4% | 18 |
| INDIVIOR PHARMACEUTICALS INC | [INDV](https://holderbook.com/stocks/INDV/) | $45.0M | 1,096,343 | 0.4% | 2 |
| GOODYEAR TIRE & RUBR CO | [GT](https://holderbook.com/stocks/GT/) | $44.2M | 6,690,818 | 0.4% | 3 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $41.5M | 262,278 | 0.4% | 10 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $40.9M | 880,000 | 0.4% | 10 |
| LUMEN TECHNOLOGIES INC | [LUMN](https://holderbook.com/stocks/LUMN/) | $38.3M | 4,986,216 | 0.3% | 7 |
| CHAMPION HOMES INC | [SKY](https://holderbook.com/stocks/SKY/) | $37.5M | 425,360 | 0.3% | 5 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $37.4M | 1,755,898 | 0.3% | 3 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $33.2M | 977,489 | 0.3% | 3 |
| CORE NATURAL RESOURCES INC | [CNR](https://holderbook.com/stocks/CNR/) | $33.1M | 413,570 | 0.3% | 6 |
| ATKORE INC | [ATKR](https://holderbook.com/stocks/ATKR/) | $30.4M | 400,214 | 0.3% | 8 |
| NABORS INDUSTRIES LTD | [NBR](https://holderbook.com/stocks/NBR/) | $29.3M | 348,234 | 0.3% | 18 |
| LITTELFUSE INC | [LFUS](https://holderbook.com/stocks/LFUS/) | $29.0M | 63,658 | 0.3% | 1 |
| TETRA TECHNOLOGIES INC DEL | [TTI](https://holderbook.com/stocks/TTI/) | $28.7M | 2,534,420 | 0.3% | 18 |
| INNOSPEC INC | [IOSP](https://holderbook.com/stocks/IOSP/) | $26.4M | 324,504 | 0.2% | 10 |
| VISTANCE NETWORKS INC | [VISN](https://holderbook.com/stocks/VISN/) | $24.1M | 1,885,076 | 0.2% | 2 |
| FIRST TR EXCHANGE-TRADED FD | [FCG](https://holderbook.com/stocks/FCG/) | $23.9M | 900,000 | 0.2% | 10 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $23.8M | 110,000 | 0.2% | 4 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $22.9M | 440,000 | 0.2% | 3 |
| SUNCOKE ENERGY INC | [SXC](https://holderbook.com/stocks/SXC/) | $22.4M | 2,777,114 | 0.2% | 31 |
| TECHNIPFMC PLC | [FTI](https://holderbook.com/stocks/FTI/) | $21.2M | 320,000 | 0.2% | 3 |
| MATERION CORP | [MTRN](https://holderbook.com/stocks/MTRN/) | $21.2M | 71,296 | 0.2% | 5 |
| ALKERMES PLC | [ALKS](https://holderbook.com/stocks/ALKS/) | $20.7M | 395,882 | 0.2% | 2 |
| BAUSCH HEALTH COS INC | [BHC](https://holderbook.com/stocks/BHC/) | $19.9M | 4,037,091 | 0.2% | 3 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $19.7M | 370,000 | 0.2% | 4 |
| LIBERTY ENERGY INC | [LBRT](https://holderbook.com/stocks/LBRT/) | $19.6M | 750,000 | 0.2% | 15 |
| TOWER SEMICONDUCTOR LTD | [TSEM](https://holderbook.com/stocks/TSEM/) | $19.5M | 75,000 | 0.2% | 7 |
| ORION GROUP HLDGS INC | [ORN](https://holderbook.com/stocks/ORN/) | $18.6M | 1,104,300 | 0.2% | 14 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $17.6M | 15,000 | 0.2% | 2 |
| SMART SAND INC | [SND](https://holderbook.com/stocks/SND/) | $17.2M | 3,437,474 | 0.2% | 9 |
| MILLERKNOLL INC | [MLKN](https://holderbook.com/stocks/MLKN/) | $16.4M | 801,445 | 0.1% | 1 |
| MATRIX SVC CO | [MTRX](https://holderbook.com/stocks/MTRX/) | $16.3M | 1,192,529 | 0.1% | 14 |
| FMC CORP | [FMC](https://holderbook.com/stocks/FMC/) | $16.0M | 1,395,000 | 0.1% | 3 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $15.9M | 22,240 | 0.1% | 5 |
| SELECT WATER SOLUTIONS INC | [WTTR](https://holderbook.com/stocks/WTTR/) | $14.3M | 715,269 | 0.1% | 17 |
| REPUBLIC BANCORP INC KY | [RBCAA](https://holderbook.com/stocks/RBCAA/) | $12.9M | 142,916 | 0.1% | 31 |
| CORE LABORATORIES INC | [CLB](https://holderbook.com/stocks/CLB/) | $12.7M | 1,090,973 | 0.1% | 13 |
| FRIEDMAN INDS INC | [FRD](https://holderbook.com/stocks/FRD/) | $11.4M | 354,576 | 0.1% | 18 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $10.9M | 27,627 | 0.1% | 10 |
| WINNEBAGO INDS INC | [WGO](https://holderbook.com/stocks/WGO/) | $10.0M | 321,564 | 0.1% | 5 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $10.0M | 288,000 | 0.1% | 1 |
| PATRICK INDS INC | [PATK](https://holderbook.com/stocks/PATK/) | $9.4M | 105,088 | 0.1% | 31 |
| PEOPLES BANCORP N C INC | [PEBK](https://holderbook.com/stocks/PEBK/) | $9.4M | 217,763 | 0.1% | 31 |
| PROSPECT CAP CORP | [PSEC](https://holderbook.com/stocks/PSEC/) | $9.3M | 4,009,902 | 0.1% | 4 |
| STEPAN CO | [SCL](https://holderbook.com/stocks/SCL/) | $9.2M | 165,520 | 0.1% | 3 |
| INNOVEX INTERNATIONAL INC | [INVX](https://holderbook.com/stocks/INVX/) | $8.8M | 356,460 | 0.1% | 5 |
| ENERSYS | [ENS](https://holderbook.com/stocks/ENS/) | $8.8M | 37,580 | 0.1% | 2 |
| OPTICAL CABLE CORP | [OCC](https://holderbook.com/stocks/OCC/) | $8.2M | 391,596 | 0.1% | 7 |
| NINE ENERGY SERVICE INC | [NINE](https://holderbook.com/stocks/NINE/) | $8.0M | 614,230 | 0.1% | 2 |
| FIRST UTD CORP | [FUNC](https://holderbook.com/stocks/FUNC/) | $7.9M | 178,352 | 0.1% | 31 |
| INSEEGO CORP | [INSG](https://holderbook.com/stocks/INSG/) | $7.6M | 740,332 | 0.1% | 4 |
| ALERUS FINL CORP | [ALRS](https://holderbook.com/stocks/ALRS/) | $7.3M | 233,700 | 0.1% | 7 |
| CONAGRA BRANDS INC | [CAG](https://holderbook.com/stocks/CAG/) | $6.9M | 512,000 | 0.1% | 1 |
| FIRST MID BANCSHARES INC | [FMBH](https://holderbook.com/stocks/FMBH/) | $6.6M | 137,473 | 0.1% | 12 |
| FIRST US BANCSHARES INC | [FUSB](https://holderbook.com/stocks/FUSB/) | $6.6M | 397,454 | 0.1% | 31 |
| AMERISERV FINL INC | [ASRV](https://holderbook.com/stocks/ASRV/) | $6.3M | 1,635,677 | 0.1% | 31 |
| CITIZENS CMNTY BANCORP INC M | [CZWI](https://holderbook.com/stocks/CZWI/) | $5.8M | 248,319 | 0.1% | 31 |
| FERROGLOBE PLC | [GSM](https://holderbook.com/stocks/GSM/) | $5.2M | 1,641,676 | 0.0% | 3 |
| CHOICEONE FINANCIA | [COFS](https://holderbook.com/stocks/COFS/) | $5.1M | 148,548 | 0.0% | 6 |
| KLX ENERGY SERVICES HOLDINGS | [KLXE](https://holderbook.com/stocks/KLXE/) | $4.8M | 1,866,221 | 0.0% | 19 |
| DRILLING TOOLS INTL CORP | [DTI](https://holderbook.com/stocks/DTI/) | $4.5M | 2,346,628 | 0.0% | 10 |
| UNIVERSAL TECHNICAL INST INC | [UTI](https://holderbook.com/stocks/UTI/) | $3.9M | 91,585 | 0.0% | 3 |
| MID PENN BANCORP INC | [MPB](https://holderbook.com/stocks/MPB/) | $3.8M | 108,271 | 0.0% | 2 |
| INVESCO EXCH TRADED FD TR II | [PSCE](https://holderbook.com/stocks/PSCE/) | $3.8M | 68,469 | 0.0% | 13 |
| NOV INC | [NOV](https://holderbook.com/stocks/NOV/) | $3.7M | 200,000 | 0.0% | 6 |
| BED BATH & BEYOND INC | [BBBY](https://holderbook.com/stocks/BBBY/) | $3.6M | 620,000 | 0.0% | 1 |
| CAMDEN NATL CORP | [CAC](https://holderbook.com/stocks/CAC/) | $3.3M | 61,269 | 0.0% | 6 |
| SHORE BANCSHARES INC | [SHBI](https://holderbook.com/stocks/SHBI/) | $3.1M | 136,840 | 0.0% | 31 |
| OCTAVE SPECIALTY GROUP INC | [OSG](https://holderbook.com/stocks/OSG/) | $3.1M | 494,092 | 0.0% | 15 |
| BV FINL INC | [BVFL](https://holderbook.com/stocks/BVFL/) | $3.0M | 141,262 | 0.0% | 12 |
| OIL STS INTL INC | [OIS](https://holderbook.com/stocks/OIS/) | $2.4M | 298,317 | 0.0% | 18 |
| SOUTHLAND HLDGS INC | [SLND](https://holderbook.com/stocks/SLND/) | $1.5M | 2,322,648 | 0.0% | 9 |
| SB FINL GROUP INC | [SBFG](https://holderbook.com/stocks/SBFG/) | $1.2M | 46,286 | 0.0% | 31 |
| INTERFACE INC | [TILE](https://holderbook.com/stocks/TILE/) | $896.0K | 25,000 | 0.0% | 11 |
| FIRST BK WILLIAMSTOWN NEW JE | [FRBA](https://holderbook.com/stocks/FRBA/) | $867.7K | 48,939 | 0.0% | 31 |
| BLUE RIDGE BANKSHARES INC VA | [BRBS](https://holderbook.com/stocks/BRBS/) | $757.6K | 214,608 | 0.0% | 27 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +47.3% | +14.8% | +32.5% | 100% |
| Q1 2026 | +21.2% | -4.6% | +25.8% | 97% |
| Q4 2025 | +2.6% | +2.4% | +0.2% | 100% |
| Q3 2025 | +32.7% | +7.8% | +24.9% | 100% |
| Q2 2025 | +60.6% | +10.5% | +50.2% | 100% |
| Q1 2025 | -17.3% | -4.6% | -12.7% | 99% |
| Q4 2024 | -1.1% | +2.1% | -3.3% | 100% |
| Q3 2024 | +23.4% | +5.4% | +17.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $11.3B | 103 |
| Q1 2026 | $7.3B | 101 |
| Q4 2025 | $5.8B | 93 |
| Q3 2025 | $5.4B | 87 |
| Q2 2025 | $3.8B | 77 |
| Q1 2025 | $2.3B | 79 |
| Q4 2024 | $3.2B | 88 |
| Q3 2024 | $3.2B | 85 |
| Q2 2024 | $2.9B | 100 |
| Q1 2024 | $2.6B | 89 |
| Q4 2023 | $1.8B | 77 |
| Q3 2023 | $1.8B | 74 |