Poplar Point Capital reports a new 5.29% stake in BGSF, Inc. A group of related investors led by Poplar Point Capital Management LLC and individual investor Jad Fakhry has disclosed beneficial ownership of 592,296 shares of BGSF common stock, representing 5.29% of the company’s outstanding shares as of 12/31/2025.
The reporting persons share both voting and dispositive power over all 592,296 shares, with no sole voting or disposal authority reported for any individual filer. They state that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of BGSF, other than activities solely in connection with a director nomination process.
Positive
None.
Negative
None.
Insights
Poplar Point discloses a 5.29% passive stake in BGSF.
The filing shows Poplar Point Capital Management LLC, affiliated entities, and Jad Fakhry jointly holding 592,296 BGSF common shares, equal to 5.29% of the class as of 12/31/2025. Voting and dispositive rights are shared, with no sole authority reported.
The group certifies the position was acquired and is held in the ordinary course of business, and not to change or influence control, aligning with a passive Schedule 13G stance. Any future impact on BGSF will depend on how this 5.29% holder exercises its shared voting power in matters like director nominations and shareholder votes.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BGSF, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
05601C105
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
05601C105
1
Names of Reporting Persons
Poplar Point Capital Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
592,296.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
592,296.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
592,296.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.29 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
05601C105
1
Names of Reporting Persons
Poplar Point Capital Partners LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
592,296.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
592,296.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
592,296.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.29 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
05601C105
1
Names of Reporting Persons
Poplar Point Capital GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
592,296.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
592,296.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
592,296.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.29 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP No.
05601C105
1
Names of Reporting Persons
Jad Fakhry
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
592,296.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
592,296.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
592,296.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.29 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
BGSF, INC.
(b)
Address of issuer's principal executive offices:
14901 QUORUM DR, SUITE 800, DALLAS, TX, 75254
Item 2.
(a)
Name of person filing:
This Schedule 13G is being jointly filed by Poplar Point Capital Management, LLC, a Delaware limited liability company ("PPCM"), Popular Point Capital Partners LP, a Delaware limited partnership ("PPCP"), Poplar Point Capital GP LLC, a Delaware limited liability company ("PPCGP"), and Jad Fakhry, a United States citizen (collectively with PPCM, PPCP and PPCGP, the "Reporting Persons").
PPCM is the investment manager for PPCP. PPCGP is the general partner of PPCP. Mr. Fakhry is the manager of, and owns a controlling interest in, PPCM and PPCGP.
(b)
Address or principal business office or, if none, residence:
The principal business address for each of the Reporting Persons is c/o Poplar Point Capital Management LLC, 330 Primrose Road, Suite 400, Burlingame, CA 94010.
(c)
Citizenship:
PPCM, PPCP and PPCGP are all organized in the State of Delaware. Mr. Fakhry is a United States citizen.
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
05601C105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
592,296
(b)
Percent of class:
5.29 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
592,296
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
592,296
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Items 2 and 4 above.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What ownership stake in BGSF (BGSF) did Poplar Point Capital report?
Poplar Point Capital and related parties reported beneficial ownership of 592,296 shares of BGSF common stock, representing 5.29% of the outstanding class as of December 31, 2025, giving them a meaningful minority position in the company.
Who are the reporting persons in the BGSF (BGSF) Schedule 13G filing?
The reporting group includes Poplar Point Capital Management LLC, Poplar Point Capital Partners LP, Poplar Point Capital GP LLC, and Jad Fakhry. These entities and Mr. Fakhry jointly report beneficial ownership and share voting and dispositive power over the same BGSF shares.
Is Poplar Point Capital’s BGSF (BGSF) position classified as passive or active?
The position is certified as held in the ordinary course of business and not for the purpose of changing or influencing control. This language aligns with a passive Schedule 13G filing, aside from potential activity related to director nominations under applicable proxy rules.
How much voting power over BGSF (BGSF) shares does Poplar Point Capital have?
The filers report shared voting power over 592,296 shares and no sole voting power. They also report shared dispositive power over the same shares, meaning decisions to vote or sell the stake are exercised collectively under their arrangements.
When was Poplar Point Capital’s BGSF (BGSF) ownership measured for this filing?
The ownership percentages and share amounts are reported as of December 31, 2025, the date of the event requiring the filing. The Schedule 13G reflects Poplar Point’s beneficial holdings and control rights on that specific reference date.
What class of BGSF (BGSF) securities is covered by Poplar Point’s Schedule 13G?
The filing covers common stock of BGSF, Inc., identified by CUSIP 05601C105. All reported figures, including the 592,296 shares and 5.29% ownership, relate specifically to this class of common equity securities.