GENDELL JEFFREY L

Greenwich, CT · CIK 1056581 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$11.1bn reported value +50.7% vs Q1 2026

103positions

80.4%in top 10

7 new 37 added 16 reduced 4 sold out vs Q1 2026

Options: 1 call positions ($260.4m notional), 0 put positions (— notional) – listed below, not included above.

This report includes the holdings of 3 other managers that share the investment decisions:

TONTINE CAPITAL ASSOCIATES, L.P. – reports through this filing
Tontine Asset Management, LLC – reports through this filing
Tontine Associates, LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	IES HOLDINGS INC COM IESC	IESC	10,293,528	$7.6bn68.36%	68.36%	Reduced -46.7k	-46,720 -0.5%
2	SANDISK CORP COM SNDK	SNDK	150,000	$341.1m3.08%	3.08%	Unchanged
3	OWENS CORNING NEW COM OC	OC	1,007,315	$160.1m1.45%	1.45%	Added +66.8k	+66,793 7.1%
4	MICRON TECHNOLOGY INC COM MU	MU	130,000	$150.1m1.36%	1.36%	Reduced -10.0k	-10,000 -7.1%
5	TUTOR PERINI CORP COM TPC	TPC	1,539,141	$127.7m1.15%	1.15%	Added +288.4k	+288,414 23.1%
6	ORACLE CORP COM ORCL	ORCL	861,500	$126.3m1.14%	1.14%	New
7	WHITE MTNS INS GROUP LTD COM WTM	WTM	59,243	$122.8m1.11%	1.11%	Added +21.4k	+21,429 56.7%
8	AMPHENOL CORP CL A APH	APH	590,500	$104.1m0.94%	0.94%	Added +230.0k	+230,000 63.8%
9	ALPHA METALLURGICAL RESOUR I COM AMR	AMR	601,255	$99.2m0.90%	0.90%	Added +57.1k	+57,107 10.5%
10	WESTERN DIGITAL CORP COM WDC	WDC	150,009	$95.8m0.87%	0.87%	Reduced -50.0k	-50,000 -25.0%
11	VANECK ETF TRUST OIL SERVICES ETF OIH	OIH	248,590	$92.5m0.84%	0.84%	Added +98.6k	+98,590 65.7%
12	APPLE INC COM AAPL	AAPL	315,000	$91.1m0.82%	0.82%	Added +245.0k	+245,000 350.0%
13	CORNING INC COM GLW	GLW	325,000	$83.0m0.75%	0.75%	Reduced -75.9k	-75,900 -18.9%
14	ADVANCED MICRO DEVICES INC COM AMD	AMD	140,000	$81.3m0.74%	0.74%	Reduced -60.0k	-60,000 -30.0%
15	AVANTOR INC COM AVTR	AVTR	7,607,270	$75.3m0.68%	0.68%	Added +2.7m	+2,690,000 54.7%
16	BABCOCK & WILCOX ENTERPRISES COM BW	BW	5,142,978	$72.5m0.66%	0.66%	Added +16.9k	+16,910 0.3%
17	UFP INDUSTRIES INC COM UFPI	UFPI	751,340	$68.2m0.62%	0.62%	Added +375.6k	+375,642 100.0%
18	TRANSOCEAN LTD REGISTERED SHS RIG	RIG	13,853,533	$67.7m0.61%	0.61%	Added +2.2m	+2,153,533 18.4%
19	GENWORTH FINL INC COM SHS GNW	GNW	7,141,238	$67.6m0.61%	0.61%	Reduced -557.7k	-557,675 -7.2%
20	MOHAWK INDS INC COM MHK	MHK	557,360	$67.6m0.61%	0.61%	Added +132.0k	+132,013 31.0%
21	FLEX LTD ORD FLEX	FLEX	370,000	$60.0m0.54%	0.54%	Reduced -30.0k	-30,000 -7.5%
22	ASSURED GUARANTY LTD COM AGO	AGO	726,136	$58.2m0.53%	0.53%	Added +480.7k	+480,714 195.9%
23	ON SEMICONDUCTOR CORP COM ON	ON	570,000	$53.9m0.49%	0.49%	Added +100.0k	+100,000 21.3%
24	BLUELINX HLDGS INC COM NEW BXC	BXC	764,406	$47.3m0.43%	0.43%	Added +24.9k	+24,883 3.4%
25	PEABODY ENERGY CORP COM BTU	BTU	2,003,893	$46.3m0.42%	0.42%	Added +1.5m	+1,497,279 295.6%
26	INDIVIOR PHARMACEUTICALS INC COM INDV	INDV	1,096,343	$45.0m0.41%	0.41%	Unchanged
27	GOODYEAR TIRE & RUBR CO COM GT	GT	6,690,818	$44.2m0.40%	0.40%	Added +3.7m	+3,730,807 126.0%
28	SPDR SER TR S&P BIOTECH XBI	XBI	262,278	$41.5m0.38%	0.38%	Unchanged
29	SCHLUMBERGER LTD COM STK SLB	SLB	880,000	$40.9m0.37%	0.37%	Reduced -20.0k	-20,000 -2.2%
30	LUMEN TECHNOLOGIES INC COM LUMN	LUMN	4,986,216	$38.3m0.35%	0.35%	Added +225.0k	+225,000 4.7%
31	CHAMPION HOMES INC COM SKY	SKY	425,360	$37.5m0.34%	0.34%	Added +108.3k	+108,263 34.1%
32	BAXTER INTL INC COM BAX	BAX	1,755,898	$37.4m0.34%	0.34%	Added +191.4k	+191,355 12.2%
33	HALLIBURTON CO COM HAL	HAL	977,489	$33.2m0.30%	0.30%	Unchanged
34	CORE NATURAL RESOURCES INC COM SHS CNR	CNR	413,570	$33.1m0.30%	0.30%	Added +263.6k	+263,570 175.7%
35	ATKORE INC COM ATKR	ATKR	400,214	$30.4m0.28%	0.28%	Unchanged
36	NABORS INDUSTRIES LTD SHS NBR	NBR	348,234	$29.3m0.26%	0.26%	Added +5.4k	+5,435 1.6%
37	LITTELFUSE INC COM LFUS	LFUS	63,658	$29.0m0.26%	0.26%	New
38	TETRA TECHNOLOGIES INC DEL COM TTI	TTI	2,534,420	$28.7m0.26%	0.26%	Reduced -241.7k	-241,668 -8.7%
39	INNOSPEC INC COM IOSP	IOSP	324,504	$26.4m0.24%	0.24%	Added +30.0k	+30,000 10.2%
40	COMMSCOPE HLDG CO INC COM VISN	VISN	1,885,076	$24.1m0.22%	0.22%	Added +1.2m	+1,230,076 187.8%
41	FIRST TR EXCHANGE-TRADED FD NAT GAS ETF FCG	FCG	900,000	$23.9m0.22%	0.22%	Unchanged
42	BOEING CO COM BA	BA	110,000	$23.8m0.22%	0.22%	Unchanged
43	ALCOA CORP COM AA	AA	440,000	$22.9m0.21%	0.21%	Added +186.9k	+186,912 73.8%
44	SUNCOKE ENERGY INC COM SXC	SXC	2,777,114	$22.4m0.20%	0.20%	Added +700.0k	+700,000 33.7%
45	TECHNIPFMC PLC COM FTI	FTI	320,000	$21.2m0.19%	0.19%	Unchanged
46	MATERION CORP COM MTRN	MTRN	71,296	$21.2m0.19%	0.19%	Unchanged
47	ALKERMES PLC SHS ALKS	ALKS	395,882	$20.7m0.19%	0.19%	Added +44.4k	+44,409 12.6%
48	BAUSCH HEALTH COS INC COM BHC	BHC	4,037,091	$19.9m0.18%	0.18%	Added +1.1m	+1,067,251 35.9%
49	EQT CORP COM EQT	EQT	370,000	$19.7m0.18%	0.18%	Added +50.0k	+50,000 15.6%
50	LIBERTY ENERGY INC COM CL A LBRT	LBRT	750,000	$19.6m0.18%	0.18%	Unchanged
51	TOWER SEMICONDUCTOR LTD SHS NEW TSEM	TSEM	75,000	$19.5m0.18%	0.18%	Unchanged
52	ORION GROUP HLDGS INC COM ORN	ORN	1,104,300	$18.6m0.17%	0.17%	Unchanged
53	GE VERNOVA INC COM GEV	GEV	15,000	$17.6m0.16%	0.16%	Unchanged
54	SMART SAND INC COM SND	SND	3,437,474	$17.2m0.16%	0.16%	Added +310.6k	+310,559 9.9%
55	MILLERKNOLL INC COM MLKN	MLKN	801,445	$16.4m0.15%	0.15%	New
56	MATRIX SVC CO COM MTRX	MTRX	1,192,529	$16.3m0.15%	0.15%	Reduced -38.8k	-38,778 -3.1%
57	FMC CORP COM NEW FMC	FMC	1,395,000	$16.0m0.15%	0.15%	Unchanged
58	CUMMINS INC COM CMI	CMI	22,240	$15.9m0.14%	0.14%	Unchanged
59	SELECT WATER SOLUTIONS INC CL A COM WTTR	WTTR	715,269	$14.3m0.13%	0.13%	Unchanged
60	REPUBLIC BANCORP INC KY CL A RBCAA	RBCAA	142,916	$12.9m0.12%	0.12%	Unchanged
61	CORE LABORATORIES INC COM CLB	CLB	1,090,973	$12.7m0.11%	0.11%	Added +442.5k	+442,513 68.2%
62	FRIEDMAN INDS INC COM FRD	FRD	354,576	$11.4m0.10%	0.10%	Unchanged
63	COHERENT CORP COM COHR	COHR	27,627	$10.9m0.10%	0.10%	Unchanged
64	WINNEBAGO INDS INC COM WGO	WGO	321,564	$10.0m0.09%	0.09%	Added +157.9k	+157,880 96.5%
65	GENERAL MLS INC COM GIS	GIS	288,000	$10.0m0.09%	0.09%	New
66	PATRICK INDS INC COM PATK	PATK	105,088	$9.4m0.09%	0.09%	Unchanged
67	PEOPLES BANCORP N C INC COM PEBK	PEBK	217,763	$9.4m0.08%	0.08%	Unchanged
68	PROSPECT CAP CORP COM PSEC	PSEC	4,009,902	$9.3m0.08%	0.08%	Unchanged
69	STEPAN CO COM SCL	SCL	165,520	$9.2m0.08%	0.08%	Unchanged
70	INNOVEX INTERNATIONAL INC COM INVX	INVX	356,460	$8.8m0.08%	0.08%	Unchanged
71	ENERSYS COM ENS	ENS	37,580	$8.8m0.08%	0.08%	Added +5.4k	+5,394 16.8%
72	OPTICAL CABLE CORP COM NEW OCC	OCC	391,596	$8.2m0.07%	0.07%	Reduced -25.8k	-25,844 -6.2%
73	NINE ENERGY SERVICE INC COMMON STOCK NINE	NINE	614,230	$8.0m0.07%	0.07%	Reduced -170.3k	-170,271 -21.7%
74	FIRST UTD CORP COM FUNC	FUNC	178,352	$7.9m0.07%	0.07%	Unchanged
75	INSEEGO CORP COM NEW INSG	INSG	740,332	$7.6m0.07%	0.07%	Added +311.0k	+311,031 72.5%
76	ALERUS FINL CORP COM ALRS	ALRS	233,700	$7.3m0.07%	0.07%	Unchanged
77	CONAGRA BRANDS INC COM CAG	CAG	512,000	$6.9m0.06%	0.06%	New
78	FIRST MID ILL BANCSHARES INC COM FMBH	FMBH	137,473	$6.6m0.06%	0.06%	Unchanged
79	FIRST US BANCSHARES INC COM FUSB	FUSB	397,454	$6.6m0.06%	0.06%	Unchanged
80	AMERISERV FINL INC COM ASRV	ASRV	1,635,677	$6.3m0.06%	0.06%	Unchanged
81	CITIZENS CMNTY BANCORP INC M COM CZWI	CZWI	248,319	$5.8m0.05%	0.05%	Unchanged
82	FERROGLOBE PLC SHS GSM	GSM	1,641,676	$5.2m0.05%	0.05%	Added +729.4k	+729,353 79.9%
83	CHOICEONE FINL SVCS INC COM COFS	COFS	148,548	$5.1m0.05%	0.05%	Unchanged
84	KLX ENERGY SERVICS HOLDNGS I COM NEW KLXE	KLXE	1,866,221	$4.8m0.04%	0.04%	Added +95.1k	+95,113 5.4%
85	DRILLING TOOLS INTL CORP COM DTI	DTI	2,346,628	$4.5m0.04%	0.04%	Reduced -62.4k	-62,431 -2.6%
86	UNIVERSAL TECHNICAL INST INC COM UTI	UTI	91,585	$3.9m0.04%	0.04%	Unchanged
87	MID PENN BANCORP INC COM MPB	MPB	108,271	$3.8m0.03%	0.03%	Unchanged
88	INVESCO EXCH TRADED FD TR II S&P SMALLCAP ENE PSCE	PSCE	68,469	$3.8m0.03%	0.03%	Unchanged
89	NOV INC COM NOV	NOV	200,000	$3.7m0.03%	0.03%	Reduced -40.3k	-40,330 -16.8%
90	BEYOND INC COM NXH	NXH	620,000	$3.6m0.03%	0.03%	New
91	CAMDEN NATL CORP COM CAC	CAC	61,269	$3.3m0.03%	0.03%	Unchanged
92	SHORE BANCSHARES INC COM SHBI	SHBI	136,840	$3.1m0.03%	0.03%	Unchanged
93	AMBAC FINL GROUP INC COM NEW OSG	OSG	494,092	$3.1m0.03%	0.03%	Reduced -919.1k	-919,120 -65.0%
94	BV FINL INC COM NEW BVFL	BVFL	141,262	$3.0m0.03%	0.03%	Unchanged
95	OIL STS INTL INC COM OIS	OIS	298,317	$2.4m0.02%	0.02%	Unchanged
96	SOUTHLAND HLDGS INC COM SLND	SLND	2,322,648	$1.5m0.01%	0.01%	Added +42.4k	+42,391 1.9%
97	SB FINL GROUP INC COM SBFG	SBFG	46,286	$1.2m0.01%	0.01%	Unchanged
98	INTERFACE INC COM TILE	TILE	25,000	$896.0k0.01%	0.01%	Unchanged
99	FIRST BK WILLIAMSTOWN NEW JE COM FRBA	FRBA	48,939	$867.7k0.01%	0.01%	Unchanged
100	BLUE RIDGE BANKSHARES INC VA COM BRBS	BRBS	214,608	$757.6k0.01%	0.01%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ISHARES TR IWM	IWM	954,068	$236.6m954.1k shares
DMC GLOBAL INC BOOM	BOOM	1,002,790	$5.2m1.0m shares
HUMANA INC HUM	HUM	24,057	$4.2m24.1k shares
FENNEC PHARMACEUTICALS INC FENC	FENC	83,024	$510.6k83.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
APPLE INC AAPL · Call	AAPL	Call	900,000	$260.4m900.0k shares	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
KLX ENERGY SERVICS HOLDNGS I KLXE · 13G · filed 2025-08-14	KLXE	9.5%≈ $4.4m		13G	2025-08-14
BLUELINX HLDGS INC BXC · 13G · filed 2026-05-15	BXC	9.4%≈ $45.8m	+1.0 pts	13G	2026-05-15
SMART SAND INC SND · 13G · filed 2026-05-15	SND	7.3%≈ $15.7m	+1.1 pts	13G	2026-05-15
DRILLING TOOLS INTL CORP DTI · 13G · filed 2026-02-06	DTI	6.9%≈ $4.7m	+1.7 pts	13G	2026-02-06