Generalist · Houston, TX
Voss Capital
Q4 2025 · compared with Q3 2025
Filed as Voss Capital, LP
- Software
- $717M
- Weight of 13F
- 38.2%
- Names
- 7
- Net bought
- +$290M
Filed 13 February 2026 · SEC filing.
Call exposure on these names is $4.1M across 3 lines. Calls are not in the stock total.
48 positions in the whole 13F.
Quarters on file
Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.
- Q2 20267 names · $23.3M in calls, not in the total$713M−$28.4M
- Q1 20265 names · $10.3M in calls, not in the total$550M+$63.8M
- Q4 20257 names · $4.1M in calls, not in the total$717M+$290M
- Q3 20258 names$508MFlat
- Q2 20258 names$508M+$143M
- Q1 20258 names$369M+$105M
- Q4 20247 names$326M+$19.5M
- Q3 20246 names$244M+$36.2M
- Q2 20245 names$190M−$13.8M
- Q1 20245 names$205M+$36.5M
- Q4 20236 names$153M+$19.0M
- Q3 20236 names$106M+$2.5M
- Q2 20236 names$133M−$19.9M
- Q1 20236 names$154M+$74.7M
- Q4 20226 names$63.7M+$22.6M
- Q3 20224 names$37.2M+$7.9M
- Q2 20222 names$31.5M−$683K
- Q1 20222 names$31.9M−$4.6M
- Q4 20213 names$31.5M−$11.4M
- Q3 20214 names$49.8M−$8.1M
- Q2 20215 names$46.4M+$10.0M
- Q1 20214 names$43.8M−$8.9M
- Q4 20204 names$38.4M+$2.0M
- Q3 20203 names$24.9M−$8.5M
- Q2 20203 names$32.8M−$5.9M
- Q1 20204 names · $285K in calls, not in the total$14.5M+$11.7M
- Q4 20194 names · $1.1M in calls, not in the total$32.4M—
What moved the book
The five software lines with the largest share change this quarter.
Software held
- FlywireFLYW11,750,000 shares · 23.2% of their software · price +$7.3M$166M+$49.4M
- PAR Technology CorporationPAR4,340,000 shares · 22.0% of their software · price −$14.3M$157M+$104M
- Cellebrite DI Ltd.CLBT8,050,000 shares · 20.2% of their software · price −$4.0M$145M+$53.7M
- Five9FIVN5,895,000 shares · 16.5% of their software · price −$24.5M$118M+$64.0M
- Euronet Worldwide, Inc.EEFT1,430,000 shares · 15.2% of their software · price −$16.7M$109M+$54.9M
- PowerFleet, Inc.AIOT3,949,990 shares · 2.9% of their software$21.0M−$8.4M
- Rimini Street, Inc.RMNI70,000 shares · 0.0% of their software$272K−$842K