# RBF Capital, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1134621. Source: https://holderbook.com/funds/1134621-rbf-capital-llc/

- Reported value: $2.4B
- Positions: 509
- Weight of the ten largest: 27.4%
- 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 |
|---|---|---|---|---|---|
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $169.4M | 810,432 | 7.0% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $109.3M | 146,300 | 4.5% | 23 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $59.2M | 114,955 | 2.5% | 15 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $59.1M | 105,000 | 2.5% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $56.9M | 76 | 2.4% | 31 |
| DANAOS CORPORATION | [DAC](https://holderbook.com/stocks/DAC/) | $51.2M | 418,015 | 2.1% | 28 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $43.3M | 760,000 | 1.8% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $42.4M | 120,000 | 1.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $34.7M | 120,000 | 1.4% | 28 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $33.6M | 65,500 | 1.4% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $32.6M | 95,000 | 1.4% | 31 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $29.2M | 75,000 | 1.2% | 31 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $26.7M | 100,000 | 1.1% | 18 |
| LINCOLN EDL SVCS CORP | [LINC](https://holderbook.com/stocks/LINC/) | $24.9M | 499,070 | 1.0% | 31 |
| WILLIS LEASE FIN CORP | [WLFC](https://holderbook.com/stocks/WLFC/) | $24.6M | 107,711 | 1.0% | 31 |
| FAIR ISAAC CORP | [FICO](https://holderbook.com/stocks/FICO/) | $23.9M | 20,000 | 1.0% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $23.3M | 23,000 | 1.0% | 31 |
| BUILDERS FIRSTSOURCE INC | [BLDR](https://holderbook.com/stocks/BLDR/) | $23.1M | 258,702 | 1.0% | 22 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $22.9M | 55,000 | 0.9% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $20.4M | 50,000 | 0.8% | 31 |
| UNIVERSAL TECHNICAL INST INC | [UTI](https://holderbook.com/stocks/UTI/) | $20.4M | 475,840 | 0.8% | 31 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $19.8M | 17,500 | 0.8% | 31 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $19.8M | 110,000 | 0.8% | 31 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $19.3M | 70,000 | 0.8% | 18 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $19.1M | 1,000,000 | 0.8% | 19 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $18.9M | 214,574 | 0.8% | 23 |
| BROOKDALE SR LIVING INC | [BKD](https://holderbook.com/stocks/BKD/) | $18.7M | 1,160,000 | 0.8% | 20 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $18.7M | 50,000 | 0.8% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $17.9M | 50,000 | 0.7% | 31 |
| TENET HEALTHCARE CORP | [THC](https://holderbook.com/stocks/THC/) | $17.4M | 93,237 | 0.7% | 15 |
| OPPENHEIMER HLDGS INC | [OPY](https://holderbook.com/stocks/OPY/) | $17.3M | 163,771 | 0.7% | 13 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $16.9M | 340,000 | 0.7% | 21 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $16.7M | 70,000 | 0.7% | 6 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $16.5M | 228,000 | 0.7% | 27 |
| GLOBAL SHIP LEASE INC | [GSL](https://holderbook.com/stocks/GSL/) | $16.4M | 437,463 | 0.7% | 28 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $16.3M | 96,000 | 0.7% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $16.0M | 15,000 | 0.7% | 31 |
| JONES LANG LASALLE INC | [JLL](https://holderbook.com/stocks/JLL/) | $15.5M | 50,000 | 0.6% | 13 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $14.7M | 108,400 | 0.6% | 31 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $14.6M | 100,000 | 0.6% | 24 |
| WILLDAN GROUP INC | [WLDN](https://holderbook.com/stocks/WLDN/) | $14.6M | 184,600 | 0.6% | 31 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $14.5M | 100,000 | 0.6% | 31 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $14.0M | 150,000 | 0.6% | 26 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $13.8M | 68,916 | 0.6% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $13.4M | 41,000 | 0.6% | 31 |
| VESTIS CORPORATION | [VSTS](https://holderbook.com/stocks/VSTS/) | $13.4M | 920,000 | 0.6% | 9 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $13.3M | 80,500 | 0.6% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $13.1M | 1,241 | 0.5% | 31 |
| OSCAR HEALTH INC | [OSCR](https://holderbook.com/stocks/OSCR/) | $12.8M | 449,604 | 0.5% | 15 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $12.7M | 33,730 | 0.5% | 15 |
| ARDMORE SHIPPING CORP | [ASC](https://holderbook.com/stocks/ASC/) | $12.6M | 901,880 | 0.5% | 22 |
| VICTORY CAP HLDGS INC DEL | [VCTR](https://holderbook.com/stocks/VCTR/) | $12.5M | 149,063 | 0.5% | 28 |
| MOHAWK INDS INC | [MHK](https://holderbook.com/stocks/MHK/) | $12.4M | 102,200 | 0.5% | 26 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $12.4M | 150,000 | 0.5% | 26 |
| MANPOWERGROUP INC WIS | [MAN](https://holderbook.com/stocks/MAN/) | $12.2M | 361,175 | 0.5% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $11.6M | 102,822 | 0.5% | 31 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $11.2M | 20,000 | 0.5% | 31 |
| IES HOLDINGS INC | [IESC](https://holderbook.com/stocks/IESC/) | $11.0M | 15,000 | 0.5% | 31 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $10.9M | 80,000 | 0.5% | 31 |
| BARCLAYS PLC | [BCS](https://holderbook.com/stocks/BCS/) | $10.7M | 400,000 | 0.4% | 18 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $10.5M | 141,173 | 0.4% | 31 |
| SIRIUSPOINT LTD | [SPNT](https://holderbook.com/stocks/SPNT/) | $10.0M | 416,943 | 0.4% | 16 |
| STEWART INFORMATION SVCS COR | [STC](https://holderbook.com/stocks/STC/) | $9.6M | 145,540 | 0.4% | 31 |
| CNO FINL GROUP INC | [CNO](https://holderbook.com/stocks/CNO/) | $9.4M | 185,034 | 0.4% | 31 |
| BGC GROUP INC | [BGC](https://holderbook.com/stocks/BGC/) | $9.4M | 880,325 | 0.4% | 12 |
| VIPSHOP HLDGS LTD | [VIPS](https://holderbook.com/stocks/VIPS/) | $9.3M | 700,000 | 0.4% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $9.1M | 27,000 | 0.4% | 31 |
| FRONTDOOR INC | [FTDR](https://holderbook.com/stocks/FTDR/) | $8.9M | 115,000 | 0.4% | 1 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $8.5M | 50,000 | 0.4% | 31 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $8.4M | 54,677 | 0.3% | 1 |
| CECO ENVIRONMENTAL CORP | [CECO](https://holderbook.com/stocks/CECO/) | $8.4M | 92,820 | 0.3% | 3 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $8.3M | 170,200 | 0.3% | 31 |
| ASTRONICS CORP | [ATRO](https://holderbook.com/stocks/ATRO/) | $8.2M | 100,372 | 0.3% | 2 |
| VISHAY INTERTECHNOLOGY INC | [VSH](https://holderbook.com/stocks/VSH/) | $8.1M | 150,000 | 0.3% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $8.0M | 40,000 | 0.3% | 22 |
| OPENLANE INC | [OPLN](https://holderbook.com/stocks/OPLN/) | $8.0M | 194,000 | 0.3% | 19 |
| DORIAN LPG LTD | [LPG](https://holderbook.com/stocks/LPG/) | $7.6M | 219,406 | 0.3% | 31 |
| JANUS INTERNATIONAL GROUP IN | [JBI](https://holderbook.com/stocks/JBI/) | $7.6M | 1,367,194 | 0.3% | 7 |
| MAKEMYTRIP LIMITED MAURITIUS | [MMYT](https://holderbook.com/stocks/MMYT/) | $7.5M | 140,500 | 0.3% | 26 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $7.0M | 10,000 | 0.3% | 23 |
| SILGAN HLDGS INC | [SLGN](https://holderbook.com/stocks/SLGN/) | $7.0M | 150,990 | 0.3% | 26 |
| DIVERSIFIED HEALTHCARE TR | [DHC](https://holderbook.com/stocks/DHC/) | $7.0M | 750,000 | 0.3% | 11 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $6.9M | 50,000 | 0.3% | 31 |
| GRAYSCALE BITCOIN TRUST ETF | [GBTC](https://holderbook.com/stocks/GBTC/) | $6.8M | 150,000 | 0.3% | 10 |
| M/I HOMES INC | [MHO](https://holderbook.com/stocks/MHO/) | $6.7M | 41,700 | 0.3% | 29 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $6.7M | 37,500 | 0.3% | 26 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $6.5M | 40,000 | 0.3% | 16 |
| ARROW ELECTRS INC | [ARW](https://holderbook.com/stocks/ARW/) | $6.4M | 30,000 | 0.3% | 31 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $6.4M | 115,000 | 0.3% | 21 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $6.3M | 20,000 | 0.3% | 31 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $6.2M | 18,000 | 0.3% | 31 |
| AMCOR PLC | [AMCR](https://holderbook.com/stocks/AMCR/) | $6.0M | 139,500 | 0.3% | 2 |
| NATURAL GAS SVCS GROUP INC | [NGS](https://holderbook.com/stocks/NGS/) | $6.0M | 140,000 | 0.3% | 25 |
| CROCS INC | [CROX](https://holderbook.com/stocks/CROX/) | $6.0M | 50,000 | 0.3% | 31 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $6.0M | 339,596 | 0.3% | 31 |
| XPO INC | [XPO](https://holderbook.com/stocks/XPO/) | $6.0M | 29,000 | 0.2% | 13 |
| GLOBAL INDEMNITY GROUP LLC | [GBLI](https://holderbook.com/stocks/GBLI/) | $5.9M | 233,978 | 0.2% | 18 |
| LEGGETT & PLATT INC | [LEG](https://holderbook.com/stocks/LEG/) | $5.9M | 500,000 | 0.2% | 9 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $5.8M | 6,000 | 0.2% | 7 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $5.7M | 70,000 | 0.2% | 8 |

## 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 | +15.3% | +14.8% | +0.5% | 99% |
| Q1 2026 | -4.4% | -4.6% | +0.2% | 97% |
| Q4 2025 | +0.9% | +2.4% | -1.5% | 99% |
| Q3 2025 | +9.2% | +7.8% | +1.4% | 96% |
| Q2 2025 | +8.4% | +10.5% | -2.0% | 99% |
| Q1 2025 | -5.2% | -4.6% | -0.7% | 100% |
| Q4 2024 | +3.4% | +2.1% | +1.3% | 99% |
| Q3 2024 | +9.7% | +5.4% | +4.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.4B | 509 |
| Q1 2026 | $2.0B | 489 |
| Q4 2025 | $4.5B | 551 |
| Q3 2025 | $2.2B | 574 |
| Q2 2025 | $2.1B | 594 |
| Q1 2025 | $1.7B | 575 |
| Q4 2024 | $1.9B | 542 |
| Q3 2024 | $2.0B | 596 |
| Q2 2024 | $1.7B | 567 |
| Q1 2024 | $1.8B | 550 |
| Q4 2023 | $1.7B | 540 |
| Q3 2023 | $1.5B | 533 |