Q4 2025 · 13F-HR
SMITH THOMAS Wholdings as filed
Filed 2026-02-17 · accession 0001104659-26-016403
$108.2M
Reported value
6
Positions
2025-12-31
Period end
The Brief · SMITH THOMAS W · Q4 2025
AI · grounded in 13F
SMITH THOMAS W established a new position in BTI valued at $22.5M. The fund reduced its holdings across six positions, most notably trimming YELP by 92.3%. Other reductions included CACC and CMPR, while the position in VAPOTHERM INC was closed.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 225310101 | CACC | CREDIT ACCEP CORP MICH | $42.1M | 38.9% | 94,898 | Common | SOLE |
| 94419L101 | W | WAYFAIR INC | $23.8M | 22.0% | 237,100 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $22.5M | 20.8% | 397,500 | Common | SOLE |
| 981419104 | WRLD | WORLD ACCEP CORPORATION | $10.9M | 10.1% | 77,600 | Common | SOLE |
| G2143T103 | CMPR | CIMPRESS PLC | $8.6M | 7.97% | 129,400 | Common | SOLE |
| 985817105 | YELP | YELP INC | $243,120 | 0.22% | 8,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.