Bandera Partners provides portfolio management for pooled vehicles. The firm advises 1 private fund.
Bandera Partners reports 3 pooled investment vehicles. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($244M across 3 accounts) are managed with discretion. Of its clients, 33% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 3 | $244M | 100.0% | $81.4M |
| Total | 3 | $244M | 100% | $81.4M |
- Clients
- 3
- Regulatory AUM
- $244M
- AUM share
- 100.0%
- Avg. per client
- $81.4M
Total
- Clients
- 3
- Regulatory AUM
- $244M
- AUM share
- 100%
- Avg. per client
- $81.4M
- Clients outside the U.S.
- 33%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 0
Bandera Partners is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Gregory Bylinsky owns 25% to 50% of Bandera Partners. The leadership team of Bandera Partners includes Chief Operating Officer Hugh Bush, Chief Financial Officer Robert Beers and Chief Compliance Officer Madeline Hedges. It has 6 employees, 2 of them in advisory roles.
Leadership
- Robert BeersChief Financial Officer
- Hugh BushChief Operating Officer
- Madeline HedgesChief Compliance Officer
- Natalie BanasManaging Director
- Gregory BylinskyManaging Partner
- Jefferson GrammManaging Partner
Staff
- 6 employees
- 2 in advisory functions
- Owns 25% to 50% of Bandera Partners LLC
Gregory Bylinsky
Control person · since November 2006
- Owns 25% to 50% of Bandera Partners LLC
Jefferson Gramm
Control person · since November 2006
Bandera Partners’ regulatory assets grew from $210M (March 2021) to $244M (March 2026); clients rose from 2 to 3 and employees from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $244M | 3 | 6 | 1 |
| May 2025 | $364M | 3 | 6 | 1 |
| March 2024 | $372M | 3 | 6 | 1 |
| March 2023 | $360M | 2 | 6 | 1 |
| March 2022 | $338M | 2 | 6 | 1 |
| March 2021 | $210M | 2 | 5 | 1 |
Besides its headquarters, Bandera Partners has 0 offices, with 1 listed address in New York.
New York · 1 listed address
- 138 Atlantic Avenue, BrooklynHQ
Contact and registration details
- Legal name
- Bandera Partners LLC
- Headquarters
- 138 Atlantic Avenue, Brooklyn, NY 11201
- Website
- banderapartners.com
- Phone
- 212-232-0117
- SEC file
- 801-74294
- Structure
- Delaware LLC
- Fiscal year end
- December
Bandera Partners has custody of $244M in client assets for 3 clients.
Bandera Partners’ reported 13F holdings for the quarter ended 30 June 2026 total $284M across 19 positions; the largest are Star Group LP (12.4%), Joint Corp. (12.2%) and Space Exploration Techn Corp. (12.0%).
Reported 13F holdings
- $284M
- Reported 13F value
- 19
- Positions
- 82.4%
- In the 10 largest
- +28.4%
- Value vs. prior quarter
- Star Group LP · Unit Ltd Partnr12.4%
- Joint Corp.12.2%
- Space Exploration Techn Corp. · Class A Com Stk12.0%
- Alphabet Inc. · Cap Stk CL A11.2%
- Amkor Technology Inc.11.0%
- Skywest Inc.6.3%
- Molina Healthcare Inc.4.9%
- Par Technology Corp.4.3%
- Ameresco Inc. · CL A4.3%
- Red Robin Gourmet Burgers IN3.8%
Together, the ten largest are 82.4% of reported value.
How many clients does Bandera Partners have?
Bandera Partners has 3 clients and manages $244 million for them, as of March 2026. They include 3 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Bandera Partners offer?
Bandera Partners provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Bandera Partners have?
Bandera Partners has 0 investment adviser representatives registered with state securities authorities, out of 6 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Bandera Partners?
Bandera Partners’ direct owners are Gregory Bylinsky and Jefferson Gramm, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Bandera Partners get paid?
Bandera Partners is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Bandera Partners?
Bandera Partners’ main office is at 138 Atlantic Avenue, Brooklyn, NY 11201. Its phone number is 212-232-0117. Its website is banderapartners.com.