B. Riley Financial, Inc.

Portfolio Overview

B. Riley Financial, Inc. disclosed 37 positions worth $433.6M in its Form 13F-HR for Q2 2026, led by $BW (Babcock & Wilcox Enterprises, Inc.) at 89.3% of the equity portfolio, followed by $DDI and $SQNS. During the quarter the fund opened 24 new positions and exited 8 — including a new stake in $NUAI and a full exit from $RIOT. The portfolio is most concentrated in Industrials (89.4% of disclosed assets). All figures are sourced directly from B. Riley Financial, Inc.’s Form 13F-HR filing with the SEC under CIK 1464790.

• 

  Babcock & Wilcox Enterprises, Inc.

  $BW

  47.0#1,802

  Quality

  $387.0M27,446,522 sh
• 

  DoubleDown Interactive Co., Ltd.

  $DDI

  —

  Quality

  $18.8M1,633,372 sh
• 

  SEQUANS COMMUNICATIONS

  $SQNS

  —

  Quality

  $4.9M1,438,237 sh
• 

  Starling Oncology, Inc.

  $STLN

  45.2

  Quality

  $4.0M742,593 sh
• 

  Roman DBDR Acquisition Corp. II

  $DRDB

  —

  Quality

  $3.2M605,913 sh
• 

  New ERA Energy & Digital, Inc.

  $NUAI

  —

  Quality

  $2.6M415,000 sh
• 

  LifeMD, Inc.

  $LFMD

  35.2

  Quality

  $2.6M637,319 sh

• DIREXION SHARES ETF TRUST DAILY SMALL CAP - ETF

  —

  Quality

  $1.9M500,000 sh
• 

  Chime Financial, Inc.

  $CHYM

  53.5

  Quality

  $1.6M80,000 sh
• 

  Applied Digital Corp.

  $APLD

  35.8

  Quality

  $1.0M27,011 sh

Company	Quality	Value	Shares
Babcock & Wilcox Enterprises, Inc.$BW	47.0#1,802	$387.0M	27,446,522
DoubleDown Interactive Co., Ltd.$DDI	—	$18.8M	1,633,372
SEQUANS COMMUNICATIONS$SQNS	—	$4.9M	1,438,237
Starling Oncology, Inc.$STLN	45.2	$4.0M	742,593
Roman DBDR Acquisition Corp. II$DRDB	—	$3.2M	605,913
New ERA Energy & Digital, Inc.$NUAI	—	$2.6M	415,000
LifeMD, Inc.$LFMD	35.2	$2.6M	637,319
DIREXION SHARES ETF TRUST DAILY SMALL CAP - ETF	—	$1.9M	500,000
Chime Financial, Inc.$CHYM	53.5	$1.6M	80,000
Applied Digital Corp.$APLD	35.8	$1.0M	27,011

Showing top 10 of 37 holdings.

Full Holdings — B. Riley Financial, Inc. (Q2 2026)

All 37 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$BW	Babcock & Wilcox Enterprises, Inc.	$387.0M	89.3%	+0%	47
2	$DDI	DoubleDown Interactive Co., Ltd.	$18.8M	4.3%	-53%	—
3	$SQNS	SEQUANS COMMUNICATIONS	$4.9M	1.1%	-18%	—
4	$STLN	Starling Oncology, Inc.	$4.0M	0.9%	-20%	45.2
5	$DRDB	Roman DBDR Acquisition Corp. II	$3.2M	0.7%	+0%	—
6	$NUAI	New ERA Energy & Digital, Inc.	$2.6M	0.6%	NEW	—
7	$LFMD	LifeMD, Inc.	$2.6M	0.6%	-27%	35.2
8	—	DIREXION SHARES ETF TRUST DAILY SMALL CAP - ETF	$1.9M	0.4%	NEW	—
9	$CHYM	Chime Financial, Inc.	$1.6M	0.4%	NEW	53.5
10	$APLD	Applied Digital Corp.	$1.0M	0.2%	NEW	35.8
11	$REAL	TheRealReal, Inc.	$366,103	0.1%	NEW	36.8
12	$RDVT	Red Violet, Inc.	$345,617	0.1%	NEW	63
13	$ETON	Eton Pharmaceuticals, Inc.	$339,665	0.1%	NEW	67.5
14	$ROG	ROGERS CORP	$333,845	0.1%	NEW	38.3
15	$MGNI	MAGNITE, INC.	$318,446	0.1%	NEW	66.1
16	$CDZI	CADIZ INC	$314,486	0.1%	NEW	24
17	$ANGX	Angel Studios, Inc.	$297,721	0.1%	NEW	34.9
18	$VSEC	VSE CORP	$293,166	0.1%	NEW	56.5
19	$PRG	PROG Holdings, Inc.	$288,656	0.1%	NEW	57.4
20	$ABX	Abacus Global Management, Inc.	$257,115	0.1%	NEW	63.6
21	$TRIN	Trinity Capital Inc.	$240,674	0.1%	NEW	—
22	$OTGA	OTG Acquisition Corp. I	$237,360	0.1%	+0%	—
23	$ADTN	ADTRAN Holdings, Inc.	$237,176	0.1%	NEW	49.4
24	$NABL	N-able, Inc.	$230,076	0.1%	NEW	48.9
25	$NPKI	NPK International Inc.	$229,597	0.1%	NEW	62.9
26	$ECOR	electroCore, Inc.	$216,899	0.1%	NEW	30.5
27	$CNR	Core Natural Resources, Inc.	$204,291	0.1%	NEW	61.5
28	$AMPX	Amprius Technologies, Inc.	$179,057	0.0%	NEW	34.4
29	$XBP	XBP Global Holdings, Inc.	$170,884	0.0%	+0%	30
30	$GCTS	GCT Semiconductor Holding, Inc.	$168,749	0.0%	+0%	—
31	$CABO	Cable One, Inc.	$130,000	0.0%	NEW	32.2
32	$BZAI	Blaize Holdings, Inc.	$115,027	0.0%	+0%	31
33	$SBET	Sharplink, Inc.	$109,982	0.0%	NEW	33.3
34	$UAMY	UNITED STATES ANTIMONY CORP	$108,900	0.0%	NEW	29.4
35	$SDST	Stardust Power Inc.	$65,710	0.0%	+0%	—
36	$RMCO	Royalty Management Holding Corp	$52,400	0.0%	+0%	—
37	$XRX	Xerox Holdings Corp	$35,013	0.0%	-49%	44.8