Big Sky Industrial
BSIN on Nasdaq. Market value $77m.
Should I look at this?
We have not checked this company yet
This is not advice.
Who owns it
None of the long-term investors we follow own it. 39 funds in all.
Largest holders overall
- Steamboat Capital Partners$3mNew
- Vanguard Capital Management$1mAdded
- Jane Street Group$1mNew
- Ancora Advisors$461,655New
- Geode Capital Management$445,831Added
- XTX Topco$404,492Added
- Kestra Advisory Services$268,950New
- Vanguard Fiduciary Trust$196,034Added
- Peak6$192,500Cut
- UBS Group AG$186,748Cut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- Weinzierl John Aat least 18.7%−7.3 pts(filed with 2 related holders)Since 29 April 2026
What they said
The information set forth in Item 3 is hereby incorporated by reference into this Item 4. The Reporting Persons acquired the securities for investment purposes. In the future, depending on general market and economic conditions affecting the Issuer and other relevant factors,…
Read the filing - Benjamin A. StametsPassive investorat least 17.2%(filed with 3 related holders)Since 27 January 2025
What they said
Item 4 of the Original 13D is hereby amended and restated to read in its entirety as follows: The information set forth in Item 3 is hereby incorporated by reference into this Item 4. The Reporting Persons acquired the securities for investment purposes. In the future, depending…
Read the filing - Synergy Offshore LLCStrategic holder11.2%Since 9 January 2025
What they said
Item 4 of the Original Schedule 13D is hereby amended to add each of the following paragraphs below: The information set forth in Item 3 is hereby incorporated by reference into this Item 4. On January 9, 2025, Synergy and USEG entered into the PSA and ancillary agreements.
Read the filing - King Duane HInsider or founderat least 7.2%−4.4 pts(filed with 1 related holder)Since 28 October 2025
What they said
Item 4 of the Original Schedule 13D is hereby amended to add each of the following paragraphs below: The information set forth in Item 3 is hereby incorporated by reference into this Item 4. On February 14, 2025, the Issuer granted 40,000 shares of Common Stock to Mr. King in…
Read the filing - Batchelor Joshua LanePassive investorat least 4.9%−12.7 pts(filed with 6 related holders)Since 11 August 2026
| Holder | Stake | Since | |
|---|---|---|---|
Weinzierl John A | at least 18.7%−7.3 pts (filed with 2 related holders) | 29 April 2026 | What they saidThe information set forth in Item 3 is hereby incorporated by reference into this Item 4. The Reporting Persons acquired the securities for investment purposes. In the future, depending on general market and economic conditions affecting the Issuer and other relevant factors,… Read the filing |
Benjamin A. Stamets Passive investor | at least 17.2% (filed with 3 related holders) | 27 January 2025 | What they saidItem 4 of the Original 13D is hereby amended and restated to read in its entirety as follows: The information set forth in Item 3 is hereby incorporated by reference into this Item 4. The Reporting Persons acquired the securities for investment purposes. In the future, depending… Read the filing |
Synergy Offshore LLC Strategic holder | 11.2% | 9 January 2025 | What they saidItem 4 of the Original Schedule 13D is hereby amended to add each of the following paragraphs below: The information set forth in Item 3 is hereby incorporated by reference into this Item 4. On January 9, 2025, Synergy and USEG entered into the PSA and ancillary agreements. Read the filing |
King Duane H Insider or founder | at least 7.2%−4.4 pts (filed with 1 related holder) | 28 October 2025 | What they saidItem 4 of the Original Schedule 13D is hereby amended to add each of the following paragraphs below: The information set forth in Item 3 is hereby incorporated by reference into this Item 4. On February 14, 2025, the Issuer granted 40,000 shares of Common Stock to Mr. King in… Read the filing |
Batchelor Joshua Lane Passive investor | at least 4.9%−12.7 pts (filed with 6 related holders) | 11 August 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $13,050 of shares on the open market.
- Smith Ryan LewisCEO, DirectorBought
- Date
- 31 March 2026
- Shares
- 15,000
- Price
- $0.87
- Value
- $13,050
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 31 March 2026 | Smith Ryan Lewis CEO, Director | Bought | 15,000 | $0.87 | $13,050 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 13 Mar 2026, plus the 10-Q filed 11 Aug 2026 and 7 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.