# EDGAR Filing Document

**Accession Number:** 0001588456
**File Stem:** 0001214659-23-002437
**Filing Date:** 2023-2
**Character Count:** 15813
**Document Hash:** 228af61668b89748c827b3dbf9ce00b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-23-002437.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001214659-23-002437

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Private Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001588456
- **IRS NUMBER:** 463167283
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15645
- **FILM NUMBER:** 23628772

**BUSINESS ADDRESS:**
- **STREET 1:** 8889 PELICAN BAY BOULEVARD, SUITE 500
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34108
- **BUSINESS PHONE:** 239-254-2500

**MAIL ADDRESS:**
- **STREET 1:** 8889 PELICAN BAY BOULEVARD, SUITE 500
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34108

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Private Capital Management LLC<br>**Address:** 8889 PELICAN BAY BOULEVARD SUITE 500<br>NAPLES, FL 34108

**Form 13F File Number:** 028-15645

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Chad Atkins<br>**Title:** Chief Compliance Officer<br>**Phone:** 239-254-2500

**Signature, Place, and Date of Signing:**

/s/ Chad Atkins  Naples, FL  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 120

**Form 13F Information Table Value Total:** $736922808

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M Company | COM | 88579Y101 |  | 770303 | 6423 | SH |  | DFND |  | 4000 | 2423 | 0 |
| Accenture PLC | COM | G1151C101 |  | 320208 | 1200 | SH |  | DFND |  | 1200 | 0 | 0 |
| Activision Blizzard Inc. | COM | 00507V109 |  | 775145 | 10126 | SH |  | DFND |  | 10000 | 126 | 0 |
| AerSale Corp. | COM | 00810F106 |  | 15641433 | 964330 | SH |  | DFND |  | 493784 | 470546 | 0 |
| Air Transport Services Group Inc. | COM | 00922R105 |  | 22041276 | 848394 | SH |  | DFND |  | 229779 | 618615 | 0 |
| Allstate Corporation | COM | 020002101 |  | 325440 | 2400 | SH |  | DFND |  | 2400 | 0 | 0 |
| Alphabet Inc. | COM | 02079K305 |  | 1043761 | 11830 | SH |  | DFND |  | 4000 | 7830 | 0 |
| Amazon.com | COM | 023135106 |  | 809760 | 9640 | SH |  | DFND |  | 4700 | 4940 | 0 |
| AMC Networks Inc. | COM | 00164V103 |  | 227215 | 14500 | SH |  | DFND |  | 14500 | 0 | 0 |
| Amerigo Resources Ltd. | COM | 03074G109 |  | 137001 | 141650 | SH |  | DFND |  | 141650 | 0 | 0 |
| Apple Inc. | COM | 037833100 |  | 1251767 | 9634 | SH |  | DFND |  | 1900 | 7734 | 0 |
| Asure Software Inc. | COM | 04649U102 |  | 32438754 | 3473100 | SH |  | DFND |  | 937849 | 2535251 | 0 |
| Automatic Data Processing Inc. | COM | 053015103 |  | 346347 | 1450 | SH |  | DFND |  | 1000 | 450 | 0 |
| Bank of America Corp. | COM | 060505104 |  | 580108 | 17515 | SH |  | DFND |  | 11000 | 6515 | 0 |
| Barrett Business Services | COM | 068463108 |  | 24466737 | 262293 | SH |  | DFND |  | 80970 | 181323 | 0 |
| Berkshire Hathaway Inc. Cl B | COM | 084670702 |  | 227350 | 736 | SH |  | DFND |  | 0 | 736 | 0 |
| CapStar Financial Holdings Inc. | COM | 14070T102 |  | 9240533 | 523247 | SH |  | DFND |  | 123893 | 399354 | 0 |
| Charles River Associates | COM | 12618T105 |  | 9717636 | 79373 | SH |  | DFND |  | 20711 | 58662 | 0 |
| Citigroup Inc. | COM | 172967424 |  | 467226 | 10330 | SH |  | DFND |  | 5500 | 4830 | 0 |
| Community Financial Corporation | COM | 20368X101 |  | 4076024 | 102156 | SH |  | DFND |  | 13904 | 88252 | 0 |
| Consolidated Edison Inc. | COM | 209115104 |  | 241858 | 2538 | SH |  | DFND |  | 0 | 2538 | 0 |
| Direxion Financial Bull 3X Shs | COM | 25459Y694 |  | 551625 | 7500 | SH |  | DFND |  | 7500 | 0 | 0 |
| Dow Jones Indl Average SPDR ETF | COM | 78467X109 |  | 496995 | 1500 | SH |  | DFND |  | 200 | 1300 | 0 |
| Duke Energy Corp. | COM | 26441C204 |  | 432804 | 4202 | SH |  | DFND |  | 2500 | 1702 | 0 |
| Eastern Bankshares Inc. | COM | 27627N105 |  | 11360407 | 658574 | SH |  | DFND |  | 178505 | 480069 | 0 |
| ECN Capital Corporation | COM | 26829L107 |  | 16188217 | 7787664 | SH |  | DFND |  | 2476450 | 5311214 | 0 |
| Emerson Electric Co. | COM | 291011104 |  | 335796 | 3496 | SH |  | DFND |  | 3000 | 496 | 0 |
| Energy Select Sector SPDR | COM | 81369Y506 |  | 340468 | 3892 | SH |  | DFND |  | 0 | 3892 | 0 |
| Everi Holdings Inc. | COM | 30034T103 |  | 15854885 | 1104870 | SH |  | DFND |  | 320255 | 784615 | 0 |
| Exxon Mobil Corp. | COM | 30231G102 |  | 228866 | 2075 | SH |  | DFND |  | 700 | 1375 | 0 |
| Fiesta Restaurant Group Inc. | COM | 31660B101 |  | 11563674 | 1573289 | SH |  | DFND |  | 498088 | 1075201 | 0 |
| Financials Select Sector SPDR | COM | 81369Y605 |  | 249857 | 7306 | SH |  | DFND |  | 0 | 7306 | 0 |
| First Busey Corp. | COM | 319383204 |  | 16007037 | 647534 | SH |  | DFND |  | 209786 | 437748 | 0 |
| First Northwest Bancorp | COM | 335834107 |  | 12192694 | 793795 | SH |  | DFND |  | 217104 | 576691 | 0 |
| FirstEnergy Corp. | COM | 337932107 |  | 230670 | 5500 | SH |  | DFND |  | 5500 | 0 | 0 |
| Harrow Health Inc. | COM | 415858109 |  | 15374916 | 1041661 | SH |  | DFND |  | 495350 | 546311 | 0 |
| Healthcare Select Sector SPDR | COM | 81369Y209 |  | 381446 | 2808 | SH |  | DFND |  | 0 | 2808 | 0 |
| Home Depot Inc. | COM | 437076102 |  | 237924 | 753 | SH |  | DFND |  | 0 | 753 | 0 |
| Imax Corporation | COM | 45245E109 |  | 16799378 | 1145933 | SH |  | DFND |  | 313180 | 832753 | 0 |
| Information Services Group | COM | 45675Y104 |  | 18967300 | 4123326 | SH |  | DFND |  | 1085268 | 3038058 | 0 |
| Invesco QQQ Trust Series 1 | COM | 46090E103 |  | 452307 | 1699 | SH |  | DFND |  | 0 | 1699 | 0 |
| iShares Core MSCI Emerging Markets | COM | 46434G103 |  | 322619 | 6908 | SH |  | DFND |  | 0 | 6908 | 0 |
| iShares Core S 500 | COM | 464287200 |  | 1452993 | 3782 | SH |  | DFND |  | 0 | 3782 | 0 |
| iShares Core S Mid Cap ETF | COM | 464287507 |  | 1694669 | 7006 | SH |  | DFND |  | 0 | 7006 | 0 |
| iShares Core US Aggregate Bond ETF | COM | 464287226 |  | 964854 | 9948 | SH |  | DFND |  | 0 | 9948 | 0 |
| iShares Russell 2000 ETF | COM | 464287655 |  | 410967 | 2357 | SH |  | DFND |  | 800 | 1557 | 0 |
| iShares Silver Trust | COM | 46428Q109 |  | 407370 | 18500 | SH |  | DFND |  | 18500 | 0 | 0 |
| iShares US Pharmaceuticals ETF | COM | 464288836 |  | 204743 | 1100 | SH |  | DFND |  | 0 | 1100 | 0 |
| Jefferies Financial Group Inc. | COM | 47233W109 |  | 30093724 | 877880 | SH |  | DFND |  | 278690 | 599190 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 833251 | 4717 | SH |  | DFND |  | 3100 | 1617 | 0 |
| JP Morgan Chase Alerian MLP Index ETN | COM | 46625H365 |  | 215781 | 9921 | SH |  | DFND |  | 0 | 9921 | 0 |
| Keurig Dr Pepper Inc | COM | 49271V100 |  | 356600 | 10000 | SH |  | DFND |  | 10000 | 0 | 0 |
| KKR  Co. Inc. Cl A | COM | 48251W104 |  | 30447270 | 655908 | SH |  | DFND |  | 184280 | 471628 | 0 |
| Kroger Co. | COM | 501044101 |  | 289770 | 6500 | SH |  | DFND |  | 6500 | 0 | 0 |
| Lakeland Industries Inc. | COM | 511795106 |  | 14909260 | 1120997 | SH |  | DFND |  | 347605 | 773392 | 0 |
| Lantheus Holdings Inc. | COM | 516544103 |  | 22163166 | 434913 | SH |  | DFND |  | 136386 | 298527 | 0 |
| Lincoln National Capital VI | COM | 534187109 |  | 1311130 | 42680 | SH |  | DFND |  | 42500 | 180 | 0 |
| Mastercard Incorporated | COM | 57636Q104 |  | 504539 | 1451 | SH |  | DFND |  | 0 | 1451 | 0 |
| Medtronic PLC | COM | G5960L103 |  | 310880 | 4000 | SH |  | DFND |  | 4000 | 0 | 0 |
| Merck  Co. Inc. | COM | 58933Y105 |  | 388870 | 3505 | SH |  | DFND |  | 2200 | 1305 | 0 |
| Meta Platforms Inc. | COM | 30303M102 |  | 295796 | 2458 | SH |  | DFND |  | 0 | 2458 | 0 |
| Microsoft Corporation | COM | 594918104 |  | 1364324 | 5689 | SH |  | DFND |  | 1800 | 3889 | 0 |
| Mosaic Company | COM | 61945C103 |  | 350960 | 8000 | SH |  | DFND |  | 8000 | 0 | 0 |
| Motorcar Parts of America Inc. | COM | 620071100 |  | 16538948 | 1394515 | SH |  | DFND |  | 374155 | 1020360 | 0 |
| NextEra Energy Inc. | COM | 65339F101 |  | 680051 | 8135 | SH |  | DFND |  | 0 | 8135 | 0 |
| Paramount Global | COM | 92556H206 |  | 337600 | 20000 | SH |  | DFND |  | 20000 | 0 | 0 |
| Paychex Inc. | COM | 704326107 |  | 387788 | 3356 | SH |  | DFND |  | 3000 | 356 | 0 |
| Paypal Holdings Inc. | COM | 70450Y103 |  | 1103910 | 15500 | SH |  | DFND |  | 15500 | 0 | 0 |
| Pepsico Inc. | COM | 713448108 |  | 459916 | 2546 | SH |  | DFND |  | 900 | 1646 | 0 |
| Perion Network Ltd. | COM | M78673114 |  | 43225683 | 1708525 | SH |  | DFND |  | 531780 | 1176745 | 0 |
| PetIQ Inc. | COM | 71639T106 |  | 239720 | 26000 | SH |  | DFND |  | 26000 | 0 | 0 |
| Petroleo Brasileiro S.A. | COM | 71654V408 |  | 532500 | 50000 | SH |  | DFND |  | 50000 | 0 | 0 |
| Pfizer Inc. | COM | 717081103 |  | 453093 | 8843 | SH |  | DFND |  | 8200 | 643 | 0 |
| PowerFleet Inc. | COM | 73931J109 |  | 7771875 | 2889173 | SH |  | DFND |  | 1520971 | 1368202 | 0 |
| Procter  Gamble Co. | COM | 742718109 |  | 270339 | 1784 | SH |  | DFND |  | 700 | 1084 | 0 |
| ProShares S 500 Dividend Aristocrats | COM | 74348A467 |  | 2815181 | 31283 | SH |  | DFND |  | 7000 | 24283 | 0 |
| Qualcomm Inc. | COM | 747525103 |  | 490327 | 4460 | SH |  | DFND |  | 4200 | 260 | 0 |
| Quest Diagnostics Inc. | COM | 74834L100 |  | 375456 | 2400 | SH |  | DFND |  | 2400 | 0 | 0 |
| QuinStreet Inc. | COM | 74874Q100 |  | 54167261 | 3774722 | SH |  | DFND |  | 1201591 | 2573131 | 0 |
| Raymond James Financial Inc. | COM | 754730109 |  | 8371377 | 78347 | SH |  | DFND |  | 0 | 78347 | 0 |
| RealReal Inc. | COM | 88339P101 |  | 30000 | 24000 | SH |  | DFND |  | 24000 | 0 | 0 |
| S Regional Banking SPDR | COM | 78464A698 |  | 293700 | 5000 | SH |  | DFND |  | 0 | 5000 | 0 |
| Schwab International Equity ETF | COM | 808524805 |  | 505589 | 15697 | SH |  | DFND |  | 0 | 15697 | 0 |
| Scotts Miracle Gro | COM | 810186106 |  | 340130 | 7000 | SH |  | DFND |  | 7000 | 0 | 0 |
| Select Sector Spdr Tr Communication | COM | 81369Y852 |  | 235151 | 4900 | SH |  | DFND |  | 0 | 4900 | 0 |
| SmartFinancial Inc. | COM | 83190L208 |  | 15001953 | 545526 | SH |  | DFND |  | 137016 | 408510 | 0 |
| Southern Co. | COM | 842587107 |  | 285640 | 4000 | SH |  | DFND |  | 4000 | 0 | 0 |
| Standard  Poor's Depositary Receipts | COM | 78462F103 |  | 2485795 | 6500 | SH |  | DFND |  | 6500 | 0 | 0 |
| Stoneridge Inc. | COM | 86183P102 |  | 9925017 | 460344 | SH |  | DFND |  | 136568 | 323776 | 0 |
| StoneX Group Inc. | COM | 861896108 |  | 32861632 | 344823 | SH |  | DFND |  | 98121 | 246702 | 0 |
| Synovus Financial Corp. | COM | 87161C501 |  | 13157355 | 350396 | SH |  | DFND |  | 99970 | 250426 | 0 |
| Target Hospitality Corp. | COM | 87615L107 |  | 86322360 | 5701609 | SH |  | DFND |  | 1670057 | 4031552 | 0 |
| Texas Instruments | COM | 882508104 |  | 419040 | 2536 | SH |  | DFND |  | 2000 | 536 | 0 |
| Tractor Supply Co. | COM | 892356106 |  | 247467 | 1100 | SH |  | DFND |  | 1100 | 0 | 0 |
| Tronox Holdings PLC | COM | G9087Q102 |  | 18442378 | 1345177 | SH |  | DFND |  | 427005 | 918172 | 0 |
| Truist Financial Corp. | COM | 89832Q109 |  | 365755 | 8500 | SH |  | DFND |  | 8500 | 0 | 0 |
| United Parcel Service | COM | 911312106 |  | 257089 | 1479 | SH |  | DFND |  | 1000 | 479 | 0 |
| UnitedHealth Group | COM | 91324P102 |  | 289618 | 546 | SH |  | DFND |  | 0 | 546 | 0 |
| Utilities Select Sector SPDR | COM | 81369Y886 |  | 746759 | 10592 | SH |  | DFND |  | 0 | 10592 | 0 |
| Vanguard Dividend Appreciation Indx ETF | COM | 921908844 |  | 2381345 | 15682 | SH |  | DFND |  | 5400 | 10282 | 0 |
| Vanguard FTSE All World Ex US ETF | COM | 922042775 |  | 584181 | 11651 | SH |  | DFND |  | 0 | 11651 | 0 |
| Vanguard Intermediate Term Corp. Bond ETF | COM | 92206C870 |  | 466158 | 6014 | SH |  | DFND |  | 0 | 6014 | 0 |
| Vanguard Real Estate ETF | COM | 922908553 |  | 202059 | 2450 | SH |  | DFND |  | 0 | 2450 | 0 |
| Verint Systems Inc. | COM | 92343X100 |  | 13235379 | 364812 | SH |  | DFND |  | 102450 | 262362 | 0 |
| Visa Inc. | COM | 92826C839 |  | 382527 | 1841 | SH |  | DFND |  | 0 | 1841 | 0 |
| Visteon Corp. | COM | 92839U206 |  | 18840347 | 144006 | SH |  | DFND |  | 40319 | 103687 | 0 |
| Walmart Inc. | COM | 931142103 |  | 283105 | 1997 | SH |  | DFND |  | 0 | 1997 | 0 |
| Walt Disney Co. | COM | 254687106 |  | 521801 | 6006 | SH |  | DFND |  | 3200 | 2806 | 0 |
| Waste Management | COM | 94106L109 |  | 357466 | 2279 | SH |  | DFND |  | 0 | 2279 | 0 |
| Western Union Company | COM | 959802109 |  | 275400 | 20000 | SH |  | DFND |  | 20000 | 0 | 0 |
| WisdomTree CBOE S 500 PutWrite Strategy | COM | 97717X560 |  | 382402 | 12733 | SH |  | DFND |  | 0 | 12733 | 0 |
| WisdomTree US Mid-Cap Div Fund | COM | 97717W505 |  | 1949428 | 47385 | SH |  | DFND |  | 0 | 47385 | 0 |
| iShares Russell 2000 ETF | COM | 464287655 |  | 34872 | 200 | SH | Put | DFND |  | 200 | 0 | 0 |
| Lincoln National Corp | COM | 534187109 |  | 844800 | 27500 | SH | Put | DFND |  | 27500 | 0 | 0 |
| Paramount Global Class B | COM | 92556H206 |  | 337600 | 20000 | SH | Call | DFND |  | 20000 | 0 | 0 |
| PayPal Holdings Inc. | COM | 70450Y103 |  | 712200 | 10000 | SH | Put | DFND |  | 10000 | 0 | 0 |
| Petroleo Brasileiro SA Sponsored ADR | COM | 71654V408 |  | 852000 | 80000 | SH | Put | DFND |  | 80000 | 0 | 0 |
| Scotts Miracle-Gro Company Class A | COM | 810186106 |  | 680260 | 14000 | SH | Call | DFND |  | 14000 | 0 | 0 |
| SPDR Dow Jones Industrial Average ETF Trust | COM | 78467X109 |  | 66266 | 200 | SH | Put | DFND |  | 200 | 0 | 0 |
| UiPath Inc. Class A | COM | 90364P105 |  | 413075 | 32500 | SH | Call | DFND |  | 32500 | 0 | 0 |

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