On Feb. 17, 2026, 13D Management LLC disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold its entire stake in Asbury Automotive Group (NYSE:ABG) in the fourth quarter of 2025. What happened According to its SEC filing dated Feb. 17, 2026, 13D Management LLC reported zero shares held in Asbury Automotive Group during the fourth quarter. The fund previously disclosed a position worth $5.2 million at the end of the third quarter, based on market closing prices and 21,337 shares h ...

Company Overview - FirstCash Holdings, Inc. operates a large network of retail pawn stores across the United States and Latin America, providing short-term secured loans and retailing forfeited collateral, with 2,825 stores as of December 31, 2021, supporting a diversified revenue base [1] - The company focuses on serving underbanked populations and leverages retail operations for both lending and merchandise sales, providing a defensible business model in the non-bank credit sector [1] Recent Stock Performance - As of January 7, 2026, FirstCash shares were priced at $165.66, reflecting a 57.16% increase over the past year, outperforming the S&P 500 by 45.26 percentage points [2] - Over the last five years, FirstCash's stock has generated a total return of 160%, equating to a compound annual growth rate (CAGR) of 21% [8] Institutional Transactions - Profit Investment Management, LLC sold its entire holding of 16,257 shares in FirstCash during the most recent quarter, with an estimated transaction value of $2.58 million [3][4] - This sale reduced Profit Investment's overall holdings from $2.6 million to zero, and the position previously accounted for 3.2% of the fund's assets under management (AUM) [4][6] Broader Market Context - The decision by Profit Investment to sell its entire stake in FirstCash may reflect a broader strategy to reduce risk and raise cash, as the firm sold around 69% of its total stock holdings during the quarter [6][7] - FirstCash's strong stock performance, advancing by 57% over the last year, supports the theory that the sale was part of a risk management strategy [7]