# JCP Investment Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1461945. Source: https://holderbook.com/funds/1461945-jcp-investment-management-llc/

- Reported value: $187.1M
- Positions: 26
- Weight of the ten largest: 83.0%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $38.8M | 51,888 | 20.8% | 19 |
| UNITED NAT FOODS INC | [UNFI](https://holderbook.com/stocks/UNFI/) | $22.6M | 494,371 | 12.1% | 18 |
| HOWARD HUGHES HOLDINGS INC | [HHH](https://holderbook.com/stocks/HHH/) | $22.5M | 314,100 | 12.0% | 4 |
| FIDELITY NATL FINL INC | [FNF](https://holderbook.com/stocks/FNF/) | $17.8M | 376,527 | 9.5% | 6 |
| RED ROBIN GOURMET BURGERS IN | [RRGB](https://holderbook.com/stocks/RRGB/) | $15.3M | 1,912,614 | 8.2% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $13.2M | 26,324 | 7.0% | 2 |
| AMERESCO INC | [AMRC](https://holderbook.com/stocks/AMRC/) | $9.4M | 339,000 | 5.0% | 1 |
| ABM INDS INC | [ABM](https://holderbook.com/stocks/ABM/) | $6.2M | 140,728 | 3.3% | 1 |
| JOINT CORP | [JYNT](https://holderbook.com/stocks/JYNT/) | $5.2M | 593,906 | 2.8% | 5 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $4.5M | 139,731 | 2.4% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $4.0M | 14,800 | 2.1% | 2 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $3.7M | 12,710 | 2.0% | 6 |
| FUTURECREST ACQUISITION CORP | [FCRSU](https://holderbook.com/stocks/FCRSU/) | $3.5M | 330,677 | 1.8% | 4 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $3.2M | 20,000 | 1.7% | 1 |
| JANUS HENDERSON GROUP PLC | [JHG](https://holderbook.com/stocks/JHG/) | $3.1M | 60,000 | 1.7% | 2 |
| WHITESTONE REIT | [WSR](https://holderbook.com/stocks/WSR/) | $2.2M | 114,881 | 1.2% | 1 |
| TANDY LEATHER FACTORY INC | [TLF](https://holderbook.com/stocks/TLF/) | $2.0M | 876,059 | 1.1% | 16 |
| HARLEY DAVIDSON INC | [HOG](https://holderbook.com/stocks/HOG/) | $2.0M | 83,030 | 1.1% | 1 |
| JAKKS PAC INC | [JAKK](https://holderbook.com/stocks/JAKK/) | $1.8M | 76,598 | 1.0% | 1 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $1.8M | 9,600 | 0.9% | 2 |
| GLOBAL BUSINESS TRAVEL GROUP | [GBTG](https://holderbook.com/stocks/GBTG/) | $1.4M | 150,000 | 0.8% | 1 |
| SUN LIFE FINANCIAL INC. | [SLF](https://holderbook.com/stocks/SLF/) | $981.8K | 12,520 | 0.5% | 2 |
| BARNWELL INDS INC | [BRN](https://holderbook.com/stocks/BRN/) | $731.8K | 724,547 | 0.4% | 2 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $682.6K | 12,293 | 0.4% | 4 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $577.3K | 1,560 | 0.3% | 2 |
| RICE ACQUISITION CORP 3 | [KRSP](https://holderbook.com/stocks/KRSP/) | $107.1K | 10,000 | 0.1% | 1 |

## 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 | +14.2% | +14.8% | -0.6% | 98% |
| Q1 2026 | +0.8% | -4.6% | +5.4% | 100% |
| Q4 2025 | -7.1% | +2.4% | -9.5% | 100% |
| Q3 2025 | +4.6% | +7.8% | -3.2% | 100% |
| Q2 2025 | +2.2% | +10.5% | -8.3% | 99% |
| Q1 2025 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2024 | +8.9% | +2.1% | +6.8% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.6% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $187.1M | 26 |
| Q1 2026 | $150.3M | 24 |
| Q4 2025 | $126.6M | 18 |
| Q3 2025 | $152.6M | 18 |
| Q2 2025 | $173.3M | 20 |
| Q1 2025 | $162.2M | 17 |
| Q4 2024 | $169.7M | 17 |
| Q3 2024 | $120.6M | 15 |
| Q2 2024 | $89.5M | 13 |
| Q1 2024 | $62.7M | 11 |
| Q4 2023 | $84.9M | 12 |
| Q3 2023 | $94.7M | 12 |