First Sabrepoint Capital Management, Lp
- Regulatory AUM
- $500M
- Discretionary
- $500M
- Clients
- 1
- Avg AUM / client
- $500M
- Accounts
- 1
- Employees
- 5
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 25, 2026
Investments (13F portfolio — 29 positions, $275,593,188)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Turning Pt Brands Inc | COM | $34,716,000 | 400,000 | 12.6% | 6.95% |
| 2 | Firstcash Holdings Inc | COM | $33,303,636 | 177,147 | 12.1% | 6.67% |
| 3 | Turning Pt Brands Inc | CALL | $30,628,191 | 352,900 | 11.1% | 6.13% |
| 4 | Cavco Inds Inc Del | COM | $16,000,942 | 33,040 | 5.81% | 3.2% |
| 5 | Amrize Ltd | SHS | $10,531,760 | 188,000 | 3.82% | 2.11% |
| 6 | Grand Canyon Ed Inc | COM | $9,861,740 | 58,000 | 3.58% | 1.97% |
| 7 | Covista Inc | COM | $9,220,000 | 80,000 | 3.35% | 1.85% |
| 8 | Vaalco Energy Inc | COM NEW | $8,876,000 | 1,400,000 | 3.22% | 1.78% |
| 9 | British Amern Tob Plc | SPONSORED ADR | $8,770,500 | 150,000 | 3.18% | 1.76% |
| 10 | Laureate Ed Inc | COMMON STOCK | $8,640,320 | 248,000 | 3.14% | 1.73% |
| 11 | Matador Res Co | COM | $8,529,300 | 135,000 | 3.09% | 1.71% |
| 12 | Autozone Inc | COM | $8,444,450 | 2,500 | 3.06% | 1.69% |
| 13 | Peabody Engr Corp | COM | $8,237,500 | 250,000 | 2.99% | 1.65% |
| 14 | Sterling Infrastructure Inc | COM | $8,145,400 | 20,000 | 2.96% | 1.63% |
| 15 | Npk International Inc | COM SHS | $7,969,500 | 550,000 | 2.89% | 1.6% |
| 16 | Ichor Holdings | SHS | $7,923,700 | 170,000 | 2.88% | 1.59% |
| 17 | Ultra Clean Hldgs Inc | COM | $7,772,500 | 125,000 | 2.82% | 1.56% |
| 18 | Build A Bear Workshop Inc | COM | $7,050,000 | 188,251 | 2.56% | 1.41% |
| 19 | Triumph Financial Inc | COM | $6,601,916 | 110,659 | 2.4% | 1.32% |
| 20 | Entegris Inc | COM | $6,448,200 | 55,000 | 2.34% | 1.29% |
| 21 | Target Hospitality Corp | COM | $5,584,491 | 601,777 | 2.03% | 1.12% |
| 22 | Versant Media Group Inc | COM CL A | $5,553,000 | 150,000 | 2.01% | 1.11% |
| 23 | Sprouts Fmrs Mkt Inc | COM | $5,013,450 | 65,000 | 1.82% | 1.0% |
| 24 | Par Pac Holdings Inc | COM NEW | $3,132,000 | 50,000 | 1.14% | 0.63% |
| 25 | Topbuild Cor | COM | $2,810,400 | 8,000 | 1.02% | 0.56% |
Top 25 of 29 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 1 | $500M | 100.0% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $398M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Sabrepoint Capital Partners, Lp | Hedge Fund | Delaware | $398M | 58 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Baxter, George, Hiland | Managing Member | Feb 2016 (11y) | ≈ 0% – 5% via First Sabrepoint Capital, Llc | |
| Fonteneau, Jean | Chief Compliance Officer, Chief Operating Officer | Mar 2016 (10y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| First Sabrepoint Capital, Llc | General Partner | Feb 2016 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Baxter, George, Hiland: 75% – 100% of First Sabrepoint Capital, Llc × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $398M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Sabrepoint Capital Partners, Lp | Hedge Fund | $398M | $250K | 58 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/25/2026 | 1.21 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 25, 2026.
View current Form ADV (SEC/IAPD) ↗