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Portfolio (Quarterly) Guide ↗

Bernzott Capital Advisors

· CIK 0001260468
13F Portfolio $209M AUM 38 positions Filed Apr 30, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 4 New 13 Added 16 Reduced 5 Exited
Page 2 of 2  ·  38 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 RYN RAYONIER INC Real Estate 290,124.0 $6.0M 2.87% NEW $20.62 +1.1%
22 HHH HOWARD HUGHES HOLDINGS INC Real Estate 90,287.0 $5.7M 2.74% -3K -3.0% $63.26 +0.7%
23 NNN NNN REIT INC Real Estate 135,771.0 $5.7M 2.73% -1K -0.9% $42.03 +6.4%
24 TRNO TERRENO RLTY CORP Real Estate 90,708.0 $5.6M 2.67% -3K -2.7% $61.42 +7.5%
25 JBI JANUS INTERNATIONAL GROUP IN Industrials 1,076,690.0 $5.5M 2.66% +223K +26.2% $5.15 +3.6%
26 HCI HCI GROUP INC Financial Services 35,028.0 $5.4M 2.60% -1K -3.9% $154.61 +0.9%
27 TIC TIC SOLUTIONS INC Industrials 803,610.0 $5.3M 2.53% +11K +1.4% $6.58 +24.5%
28 EHC ENCOMPASS HEALTH CORP Healthcare 46,658.0 $4.5M 2.16% $96.73 +8.2%
29 MZTI MARZETTI COMPANY Consumer Defensive 32,534.0 $4.5M 2.16% -833.0 -2.5% $138.33 -17.6%
30 HALO HALOZYME THERAPEUTICS INC Healthcare 68,277.0 $4.4M 2.12% +483.0 +0.7% $64.63 +6.3%
31 VANGUARD CALIF TAX FREE FDS 30,215.0 $3.0M 1.44% NEW $99.08
32 WSC WILLSCOT HLDGS CORP Industrials 163,207.0 $2.8M 1.36% +20K +14.2% $17.36 +45.9%
33 POOL POOL CORP Industrials 3,001.0 $607K 0.29% NEW $202.33 -9.4%
34 VOO VANGUARD INDEX FDS 438.0 $262K 0.12% $597.55 +15.3%
35 CNQ CANADIAN NAT RES LTD MED TER Energy 4,000.0 $195K 0.09% $48.73 -5.2%
36 ORCL ORACLE CORP Technology 550.0 $81K 0.04% $147.11 +32.9%
37 MSFT MICROSOFT CORP Technology 30.0 $11K 0.01% -40.0 -57.1% $370.17 +13.2%
38 TSLA TESLA INC Consumer Cyclical 10.0 $4K 0.00% $371.80 +17.5%
Page 2 of 2  ·  38 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Industrials 22.0%
Real Estate 20.1%
Energy 15.1%
Healthcare 12.8%
Consumer Defensive 9.6%
Financial Services 7.3%
Basic Materials 4.6%
Technology 4.6%
Consumer Cyclical 3.9%