Private Capital Management, LLC

NAPLES, FL · CIK 1588456 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2013 · limited liability company

Assets managed$1.4bn
Staff21 · 7 in investment roles
Main clients (by assets)High net worth individuals 64%, Private funds 20%, Mutual funds and ETFs 5%
Private funds7 (4 hedge) · $295.2m gross assets
Websitepcmvaluefund.com
Form ADV · 2026-03-26SEC adviser record

Legal entityPRIVATE CAPITAL MANAGEMENT, LLC (US)

$1.1bn reported value +12.3% vs Q1 2026

179positions

46.5%in top 10

12 new 76 added 43 reduced 10 sold out vs Q1 2026

Options: 18 call positions ($31.0m notional), 5 put positions ($2.5m notional) – listed below, not included above.

Also in the report of:

Tripletail Wealth Management, LLC

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	QUINSTREET INC COM QNST	QNST	4,699,512	$68.8m6.24%	6.24%	Added +284.1k	+284,110 6.4%
2	HARROW INC COM HROW	HROW	1,598,770	$67.9m6.16%	6.16%	Added +36.8k	+36,770 2.4%
3	TARGET HOSPITALITY CORP COM TH	TH	3,261,078	$66.4m6.02%	6.02%	Reduced -1.4m	-1,399,541 -30.0%
4	LIGAND PHARMACEUTICALS INC COM NEW LGND	LGND	166,016	$52.5m4.76%	4.76%	Reduced -35.4k	-35,365 -17.6%
5	PERION NETWORK LTD SHS NEW PERI	PERI	5,133,574	$49.8m4.52%	4.52%	Added +355.5k	+355,546 7.4%
6	BGC GROUP INC CL A BGC	BGC	4,215,222	$45.1m4.09%	4.09%	Added +76.8k	+76,800 1.9%
7	KKR & CO INC COM KKR	KKR	473,688	$43.5m3.94%	3.94%	Added +10.2k	+10,240 2.2%
8	BARRETT BUSINESS SVCS INC COM BBSI	BBSI	1,209,138	$42.9m3.90%	3.90%	Added +209.2k	+209,228 20.9%
9	LANTHEUS HLDGS INC COM LNTH	LNTH	358,224	$39.7m3.60%	3.60%	Added +580	+580 0.2%
10	JPMORGAN CHASE & CO COM JPM	JPM	110,170	$36.1m3.27%	3.27%	Reduced -1.8k	-1,776 -1.6%
11	MOTORCAR PTS AMER INC COM MPAA	MPAA	2,349,196	$36.0m3.26%	3.26%	Added +49.5k	+49,503 2.1%
12	ASURE SOFTWARE INC COM ASUR	ASUR	4,203,526	$33.4m3.03%	3.03%	Added +191.5k	+191,468 4.8%
13	MATTHEWS INTL CORP CL A MATW	MATW	1,201,922	$32.4m2.93%	2.93%	Added +57.2k	+57,217 5.0%
14	Secure Waste Infrastructure Corp COM SES	SES	1,998,165	$31.1m2.82%	2.82%	Reduced -10.0k	-9,955 -0.5%
15	POWERFLEET INC COM AIOT	AIOT	7,462,763	$28.6m2.59%	2.59%	Reduced -14.1k	-14,095 -0.2%
16	International Workplace Group COM IWGFF	IWGFF	9,091,710	$22.4m2.03%	2.03%	Added +1.6m	+1,599,020 21.3%
17	ACNB CORP COM ACNB	ACNB	361,337	$21.5m1.95%	1.95%	Added +1.6k	+1,595 0.4%
18	SMARTFINANCIAL INC COM NEW SMBK	SMBK	432,512	$20.3m1.84%	1.84%	Added +4.4k	+4,365 1.0%
19	INFORMATION SVCS GROUP INC COM III	III	4,874,068	$20.0m1.82%	1.82%	Added +202.7k	+202,660 4.3%
20	FIRST AMERN FINL CORP COM FAF	FAF	288,508	$19.8m1.79%	1.79%	Added +24.0k	+24,040 9.1%
21	PINNACLE FINL PARTNERS INC COM PNFP	PNFP	185,622	$18.7m1.70%	1.70%	Added +2.3k	+2,311 1.3%
22	LAKELAND INDS INC COM LAKE	LAKE	1,249,274	$13.4m1.21%	1.21%	Reduced -258.9k	-258,949 -17.2%
23	AERSALE CORPORATION COM ASLE	ASLE	2,095,332	$13.2m1.20%	1.20%	Added +470.9k	+470,900 29.0%
24	HOMETRUST BANCSHARES INC COM HTB	HTB	248,335	$12.4m1.12%	1.12%	Added +4.2k	+4,250 1.7%
25	TRONOX HOLDINGS PLC SHS TROX	TROX	1,298,260	$8.2m0.74%	0.74%	Reduced -436.7k	-436,739 -25.2%
26	RAYMOND JAMES FINL INC COM RJF	RJF	52,798	$8.0m0.73%	0.73%	Unchanged
27	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	10,011	$7.5m0.68%	0.68%	Added +200	+200 2.0%
28	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	24,227	$6.8m0.62%	0.62%	Reduced -2.1k	-2,056 -7.8%
29	APPLE INC COM AAPL	AAPL	23,489	$6.8m0.62%	0.62%	Reduced -50	-50 -0.2%
30	PIONEER BANCORP INC MD COM PBFS	PBFS	366,774	$6.3m0.57%	0.57%	Added +11.9k	+11,935 3.4%
31	EXCHANGE LISTED FDS TR SABA INT RATE CEFS	CEFS	243,252	$6.2m0.57%	0.57%	Added +29.4k	+29,415 13.8%
32	ALPHABET INC CAP STK CL A GOOGL	GOOGL	16,853	$6.0m0.55%	0.55%	Reduced -643	-643 -3.7%
33	MONTROSE ENVIRONMENTAL GROUP COM ONT	ONT	297,305	$6.0m0.54%	0.54%	New
34	ASTRONICS CORP COM ATRO	ATRO	73,310	$6.0m0.54%	0.54%	Reduced -249.2k	-249,233 -77.3%
35	PROSHARES TR S&P 500 DV ARIST NOBL	NOBL	97,237	$5.5m0.50%	0.50%	Added +4.9k	+4,941 5.3%
36	WISDOMTREE TR US MIDCAP DIVID DON	DON	92,847	$5.2m0.48%	0.48%	Added +657	+657 0.7%
37	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	44,431	$5.2m0.47%	0.47%	Reduced -946	-946 -2.1%
38	BAR HBR BANKSHARES COM BHB	BHB	133,185	$5.0m0.46%	0.46%	Added +12.0k	+11,965 9.9%
39	MICROSOFT CORP COM MSFT	MSFT	13,187	$4.9m0.45%	0.45%	Added +555	+555 4.4%
40	ISHARES TR EXPANDED TECH IGV	IGV	53,495	$4.8m0.44%	0.44%	Added +2.0k	+1,992 3.9%
41	ISHARES TR CORE S&P MCP ETF IJH	IJH	59,827	$4.6m0.42%	0.42%	Added +5.8k	+5,785 10.7%
42	VERRA MOBILITY CORP CL A COM STK VRRM	VRRM	1,049,115	$4.5m0.40%	0.40%	New
43	AMAZON COM INC COM AMZN	AMZN	18,199	$4.3m0.39%	0.39%	Reduced -240	-240 -1.3%
44	ISHARES TR CORE S&P500 ETF IVV	IVV	5,660	$4.2m0.38%	0.38%	Added +579	+579 11.4%
45	ISHARES TR SELECT DIVID ETF DVY	DVY	26,593	$4.2m0.38%	0.38%	Added +207	+207 0.8%
46	WISDOMTREE TR EQUITY PREMIUM WTPI	WTPI	123,547	$4.1m0.37%	0.37%	Added +8.8k	+8,831 7.7%
47	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	16,830	$4.0m0.36%	0.36%	Reduced -205	-205 -1.2%
48	CLOROX CO DEL COM CLX	CLX	39,400	$3.8m0.34%	0.34%	Added +21.2k	+21,200 116.5%
49	CHEMOURS CO COM CC	CC	177,000	$3.6m0.33%	0.33%	Reduced -11.6k	-11,600 -6.2%
50	KLA CORP COM NEW KLAC	KLAC	12,010	$3.6m0.33%	0.33%	Added +10	+10 0.1%
51	PUBLIC STORAGE COM PSA	PSA	11,200	$3.6m0.32%	0.32%	Added +1.0k	+1,000 9.8%
52	TRACTOR SUPPLY CO COM TSCO	TSCO	111,240	$3.5m0.32%	0.32%	Added +64.2k	+64,240 136.7%
53	ASTRONICS CORP CL B COM ATROB	ATROB	42,403	$3.2m0.29%	0.29%	New
54	FB FINL CORP COM FBK	FBK	57,088	$3.2m0.29%	0.29%	Unchanged
55	PFIZER INC COM PFE	PFE	117,155	$2.8m0.26%	0.26%	Added +19.0k	+19,038 19.4%
56	JANUS INTERNATIONAL GROUP IN COMMON STOCK JBI	JBI	501,000	$2.8m0.25%	0.25%	Added +451.0k	+451,000 902.0%
57	KEURIG DR PEPPER INC COM KDP	KDP	84,100	$2.8m0.25%	0.25%	Unchanged
58	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	53,431	$2.4m0.22%	0.22%	Added +3.2k	+3,174 6.3%
59	PAPA JOHNS INTL INC COM PZZA	PZZA	64,200	$2.4m0.21%	0.21%	Added +1.2k	+1,200 1.9%
60	DIREXION SHS ETF TR NAS100 EQL WGT QQQE	QQQE	18,914	$2.3m0.21%	0.21%	Added +3.6k	+3,583 23.4%
61	DIREXION SHS ETF TR DLY FIN BULL NEW FAS	FAS	15,300	$2.3m0.20%	0.20%	Unchanged
62	CAMPBELL SOUP CO COM CPB	CPB	97,500	$2.2m0.20%	0.20%	Added +10.8k	+10,800 12.5%
63	QUALCOMM INC COM QCOM	QCOM	11,434	$2.1m0.19%	0.19%	Reduced -6.7k	-6,678 -36.9%
64	HIGHLAND OPPORTUNITIES AND INC PFD HFRO 5.375 PERP A	HFRO 5.375 PERP A	129,205	$2.1m0.19%	0.19%	Added +16.1k	+16,102 14.2%
65	CHEVRON CORP NEW COM CVX	CVX	12,618	$2.1m0.19%	0.19%	Reduced -335	-335 -2.6%
66	TARGET CORP COM TGT	TGT	15,950	$2.1m0.19%	0.19%	Reduced -8.1k	-8,100 -33.7%
67	INVESCO EXCHANGE TRADED FD T S&P 100 EQL WIGH EQWL	EQWL	15,801	$2.0m0.18%	0.18%	Added +2.9k	+2,889 22.4%
68	PHILLIPS 66 COM PSX	PSX	11,587	$2.0m0.18%	0.18%	Reduced -817	-817 -6.6%
69	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	69,016	$1.9m0.17%	0.17%	Reduced -1.7k	-1,711 -2.4%
70	FIRSTENERGY CORP COM FE	FE	39,523	$1.9m0.17%	0.17%	Added +7.9k	+7,895 25.0%
71	PROSHARES TR ULTRAPRO QQQ TQQQ	TQQQ	23,000	$1.9m0.17%	0.17%	Unchanged
72	QUEST DIAGNOSTICS INC COM DGX	DGX	8,700	$1.8m0.17%	0.17%	Unchanged
73	SELECT SECTOR SPDR TR ENERGY XLE	XLE	34,057	$1.8m0.16%	0.16%	Reduced -1.8k	-1,795 -5.0%
74	PAYCHEX INC COM PAYX	PAYX	18,059	$1.8m0.16%	0.16%	Added +2	+2 0.0%
75	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	2,306	$1.7m0.15%	0.15%	Reduced -152	-152 -6.2%
76	ALPHABET INC CAP STK CL C GOOG	GOOG	4,797	$1.7m0.15%	0.15%	Unchanged
77	RANGE RES CORP COM RRC	RRC	44,500	$1.7m0.15%	0.15%	Unchanged
78	VERIZON COMMUNICATIONS INC COM VZ	VZ	37,138	$1.6m0.14%	0.14%	Added +242	+242 0.7%
79	CUBESMART COM CUBE	CUBE	39,420	$1.6m0.14%	0.14%	Added +19.1k	+19,120 94.2%
80	MASTERCARD INCORPORATED CL A MA	MA	3,017	$1.5m0.14%	0.14%	Added +1	+1 0.0%
81	EXTRA SPACE STORAGE INC COM EXR	EXR	10,500	$1.5m0.14%	0.14%	Unchanged
82	NVIDIA CORPORATION COM NVDA	NVDA	7,574	$1.5m0.14%	0.14%	Reduced -10	-10 -0.1%
83	CUSTOM TRUCK ONE SOURCE INC COM CL A CTOS	CTOS	124,555	$1.5m0.13%	0.13%	Reduced -202.9k	-202,945 -62.0%
84	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	19,190	$1.4m0.13%	0.13%	Added +561	+561 3.0%
85	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	16,209	$1.4m0.13%	0.13%	Added +3.6k	+3,579 28.3%
86	JOHNSON & JOHNSON COM JNJ	JNJ	5,157	$1.3m0.12%	0.12%	Added +1	+1 0.0%
87	CATERPILLAR INC COM CAT	CAT	1,220	$1.3m0.12%	0.12%	Unchanged
88	National Storage Affiliates Preferred 6 pct. PFD PSA 6 PERP T	PSA 6 PERP T	57,600	$1.3m0.12%	0.12%	New
89	NORWEGIAN CRUISE LINE HLDG L SHS NCLH	NCLH	60,000	$1.3m0.11%	0.11%	Unchanged
90	PAYPAL HLDGS INC COM PYPL	PYPL	28,350	$1.2m0.11%	0.11%	Reduced -3.2k	-3,200 -10.1%
91	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	7,616	$1.2m0.11%	0.11%	Added +590	+590 8.4%
92	GLOBAL SELF STORAGE INC COM SELF	SELF	223,337	$1.2m0.11%	0.11%	Added +119.8k	+119,788 115.7%
93	FMC CORP COM NEW FMC	FMC	100,500	$1.2m0.10%	0.10%	Added +93.0k	+93,000 1240.0%
94	PROGRESSIVE CORP COM PGR	PGR	5,166	$1.1m0.10%	0.10%	Added +6	+6 0.1%
95	HOME DEPOT INC COM HD	HD	3,115	$1.1m0.10%	0.10%	Reduced -97	-97 -3.0%
96	HELMERICH & PAYNE INC COM HP	HP	31,500	$1.0m0.09%	0.09%	Reduced -40.4k	-40,400 -56.2%
97	SMARTSTOP SELF STORAG REIT I COMMON STOCK SMA	SMA	31,000	$1.0m0.09%	0.09%	Added +4.5k	+4,500 17.0%
98	WALMART INC COM WMT	WMT	8,425	$954.2k0.09%	0.09%	Added +2	+2 0.0%
99	NORTHERN TR CORP COM NTRS	NTRS	5,400	$938.7k0.09%	0.09%	Unchanged
100	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	1,347	$925.1k0.08%	0.08%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
JEFFERIES FINL GROUP INC JEF	JEF	514,469	$21.2m514.5k shares
STONEX GROUP INC SNEX	SNEX	232,516	$18.8m232.5k shares
EXXON MOBIL CORP XOM	XOM	6,002	$1.0m6.0k shares
NATIONAL S NSA 6 PERP A	NSA 6 PERP A	24,500	$555.4k24.5k shares
NATIONAL STORAGE AFFILIATES NSA	NSA	12,900	$486.8k12.9k shares
HONEYWELL INTL INC		1,023	$462.5k1.0k shares
HUMANA INC HUM	HUM	2,200	$381.5k2.2k shares
KFORCE INC KFRC	KFRC	9,000	$263.2k9.0k shares
WESTROCK COFFEE CO WEST	WEST	60,000	$255.0k60.0k shares
PEABODY ENERGY CORP BTU	BTU	7,400	$243.8k7.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
PFIZER INC PFE · Call	PFE	Call	385,000	$9.3m385.0k shares	Added
TRACTOR SUPPLY CO TSCO · Call	TSCO	Call	140,000	$4.4m140.0k shares	New
CAMPBELL SOUP CO CPB · Call	CPB	Call	110,000	$2.4m110.0k shares	Added
CLOROX CO DEL CLX · Call	CLX	Call	23,000	$2.2m23.0k shares	New
NORWEGIAN CRUISE LINE HLDG L NCLH · Call	NCLH	Call	75,000	$1.6m75.0k shares	Added
ROCKET COS INC RKT · Call	RKT	Call	90,000	$1.4m90.0k shares	Added
PAYPAL HLDGS INC PYPL · Call	PYPL	Call	31,200	$1.3m31.2k shares	Reduced
PALANTIR TECHNOLOGIES INC PLTR · Call	PLTR	Call	11,500	$1.3m11.5k shares	New
FMC CORP FMC · Call	FMC	Call	115,000	$1.3m115.0k shares	Added
SERVICENOW INC NOW · Call	NOW	Call	13,000	$1.3m13.0k shares	New
PROSHARES TR TQQQ · Put	TQQQ	Put	15,000	$1.2m15.0k shares	New
CLOROX CO DEL CLX · Put	CLX	Put	10,500	$1.0m10.5k shares	Unchanged
PERION NETWORK LTD PERI · Call	PERI	Call	100,000	$971.0k100.0k shares	Unchanged
ZSCALER INC ZS · Call	ZS	Call	5,500	$776.3k5.5k shares	New
HARROW INC HROW · Call	HROW	Call	17,500	$743.2k17.5k shares	Reduced
CARNIVAL CORP LTD CCL · Call	CCL	Call	25,000	$714.2k25.0k shares	Reduced
CHEMOURS CO CC · Call	CC	Call	17,100	$350.9k17.1k shares	Reduced
AERSALE CORPORATION ASLE · Call	ASLE	Call	50,000	$316.0k50.0k shares	New
QUALCOMM INC QCOM · Call	QCOM	Call	1,500	$277.2k1.5k shares	New
VERRA MOBILITY CORP VRRM · Call	VRRM	Call	50,000	$212.5k50.0k shares	New
SPDR DOW JONES INDL AVERAGE DIA · Put	DIA	Put	200	$104.5k200 shares	Unchanged
INVESCO QQQ TR QQQ · Put	QQQ	Put	100	$73.6k100 shares	New
ISHARES TR IWM · Put	IWM	Put	200	$60.1k200 shares	Unchanged

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
POWERFLEET INC AIOT · 13D · filed 2025-02-21	AIOT	54.0%≈ $2.8m		13D	2025-02-21
PERION NETWORK LTD PERI · 13G · filed 2026-02-06	PERI	10.4%≈ $40.9m		13G	2026-02-06
MATTHEWS INTL CORP MATW · 13G · filed 2026-10-02	MATW	5.6%≈ $46.9m	new	13G	2026-10-02