VALUEWORKS LLC

NEW YORK, NY · CIK 1282189 · 13F filing filed 2026-08-17

SEC-registered investment adviser since 2001 · limited liability company

Assets managed$577.3m
Staff6 · 3 in investment roles
Main clients (by assets)Private funds 76%, High net worth individuals 18%, Individuals 3%
Private funds1 (1 hedge) · $440.4m gross assets
Main officeNew York City, NY
Form ADV · 2026-04-02SEC adviser record

$479.2m reported value +30.6% vs Q1 2026

38positions

52.6%in top 10

9 new 16 added 12 reduced 6 sold out vs Q1 2026

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	INTEL CORP COM INTC	INTC	356,917	$49.8m10.40%	10.40%	Reduced -1.5k	-1,535 -0.4%
2	MICRON TECHNOLOGY INC COM MU	MU	25,667	$29.6m6.18%	6.18%	Reduced -12.9k	-12,918 -33.5%
3	HUDSON PACIFIC PROPERTIES IN COM HPP	HPP	1,689,699	$25.7m5.36%	5.36%	Reduced -150.3k	-150,324 -8.2%
4	JOBY AVIATION INC COMMON STOCK JOBY	JOBY	2,599,718	$23.2m4.84%	4.84%	Added +218.6k	+218,622 9.2%
5	MAPLEBEAR INC COM CART	CART	468,134	$22.2m4.63%	4.63%	Added +219.0k	+218,953 87.9%
6	MAUI LD & PINEAPPLE INC COM MLP	MLP	1,237,759	$22.0m4.59%	4.59%	Added +40.4k	+40,424 3.4%
7	RIVIAN AUTOMOTIVE INC COM CL A RIVN	RIVN	1,245,583	$21.6m4.51%	4.51%	Added +15.3k	+15,292 1.2%
8	TIDEWATER INC NEW COM TDW	TDW	297,114	$19.8m4.13%	4.13%	Reduced -20.5k	-20,518 -6.5%
9	OFFICE PPTYS INCOME TR COM OF BENEFICIA OPI	OPI	1,162,310	$19.8m4.12%	4.12%	New
10	JEFFERIES FINL GROUP INC COM JEF	JEF	369,053	$18.4m3.85%	3.85%	Added +1.0k	+1,034 0.3%
11	CHORD ENERGY CORPORATION COM NEW CHRD	CHRD	155,693	$17.8m3.71%	3.71%	Reduced -10.9k	-10,914 -6.5%
12	MESABI TR CTF BEN INT MSB	MSB	669,733	$16.9m3.54%	3.54%	Added +23.2k	+23,151 3.6%
13	BOEING CO COM BA	BA	66,038	$14.3m2.98%	2.98%	Added +15.2k	+15,167 29.8%
14	VALARIS LTD CL A VAL	VAL	194,983	$14.2m2.95%	2.95%	Reduced -24.1k	-24,150 -11.0%
15	HYSTER-YALE INC CL A HY	HY	397,633	$13.9m2.91%	2.91%	Added +2.2k	+2,250 0.6%
16	AMAZON COM INC COM AMZN	AMZN	54,672	$13.0m2.72%	2.72%	Added +178	+178 0.3%
17	MBIA INC COM MBI	MBI	1,967,228	$12.8m2.68%	2.68%	Added +35.3k	+35,338 1.8%
18	CADELER A S SPON ADR CDLR	CDLR	503,514	$11.0m2.30%	2.30%	Added +1.0k	+1,014 0.2%
19	QUALCOMM INC COM QCOM	QCOM	59,341	$11.0m2.29%	2.29%	Added +338	+338 0.6%
20	SL GREEN RLTY CORP COM SLG	SLG	195,000	$10.1m2.11%	2.11%	New
21	LYFT INC CL A COM LYFT	LYFT	673,275	$9.8m2.05%	2.05%	New
22	VERSANT MEDIA GROUP INC COM CL A VSNT	VSNT	267,116	$9.6m2.01%	2.01%	Added +2.0k	+1,995 0.8%
23	STAR BULK CARRIERS CORP. SHS PAR SBLK	SBLK	354,140	$8.8m1.85%	1.85%	Reduced -721	-721 -0.2%
24	WOLFSPEED INC COMMON STOCK WOLF	WOLF	147,795	$7.1m1.49%	1.49%	New
25	GENWORTH FINL INC COM SHS GNW	GNW	720,695	$6.8m1.42%	1.42%	Added +11.8k	+11,804 1.7%
26	HONEYWELL INTL INC COM COM		25,058	$5.6m1.17%	1.17%	New
27	HONEYWELL AEROSPACE INC COM HONA	HONA	25,049	$5.5m1.16%	1.16%	New
28	CLEAR SECURE INC COM CL A YOU	YOU	93,207	$5.2m1.08%	1.08%	Reduced -150.1k	-150,073 -61.7%
29	CRESCENT ENERGY COMPANY CL A COM CRGY	CRGY	490,083	$4.8m1.00%	1.00%	Unchanged
30	NEW YORK TIMES CO CL A NYT	NYT	67,942	$4.8m0.99%	0.99%	Reduced -549	-549 -0.8%
31	HELIX ENERGY SOLUTIONS GRP I COM HOS	HOS	478,465	$4.2m0.87%	0.87%	New
32	APPLE INC COM AAPL	AAPL	13,842	$4.0m0.84%	0.84%	Reduced -460	-460 -3.2%
33	AMGEN INC COM AMGN	AMGN	10,978	$4.0m0.83%	0.83%	Added +242	+242 2.2%
34	NOBLE CORP PLC ORD SHS A NE	NE	103,797	$3.9m0.81%	0.81%	Reduced -11.5k	-11,533 -10.0%
35	COMCAST CORP NEW CL A CMCSA	CMCSA	139,623	$3.4m0.72%	0.72%	Added +3.3k	+3,271 2.4%
36	ENHANCED GROUP INC COM CL A ENHA	ENHA	725,863	$2.1m0.43%	0.43%	New
37	CHENIERE ENERGY INC COM NEW LNG	LNG	7,212	$1.7m0.36%	0.36%	Reduced -405	-405 -5.3%
38	ZOOMINFO TECHNOLOGIES INC COMMON STOCK GTM	GTM	200,000	$586.0k0.12%	0.12%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
UNITED NAT FOODS INC UNFI	UNFI	307,078	$13.8m307.1k shares
CBL & ASSOC PPTYS INC CBL	CBL	104,136	$4.0m104.1k shares
CORNING INC GLW	GLW	17,976	$2.4m18.0k shares
EQT CORP EQT	EQT	19,871	$1.3m19.9k shares
CHENIERE ENERGY PARTNERS LP CQP	CQP	3,250	$210.0k3.2k shares
MAMMOTH ENERGY SVCS INC TUSK	TUSK	10,720	$26.3k10.7k shares

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
MAUI LD & PINEAPPLE INC MLP · 13G · filed 2026-02-17	MLP	6.1%≈ $21.4m	+1.1 pts	13G	2026-02-17
MESABI TR MSB · 13G · filed 2025-08-14	MSB	5.2%≈ $17.4m		13G	2025-08-14