Verdicts genuinely change. Free email alert the moment ICMVX's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Intrepid Capital Fund · Intrepid Capital Management Funds Trust
63 holdings
NON-COMPLIANT At least 29.14% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 41% turns out to be. Matching more holdings can only raise this share, never lower it.
63 holdings, 37 matched (59% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
2.83% of this portfolio’s income is non-permissible — weighted across holdings, computed over 55% of portfolio weight (35 of 63 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Invesco Treasury Portfolio | UNSCREENED | 15.45% | no in-house ratios for this holding |
| iShares Gold Trust | UNSCREENED | 3.16% | no in-house ratios for this holding |
| MSGS Madison Square Garden Sports C | QUESTIONABLE | 3.04% | AAOIFI12.3% Usmani75.5% Dow Jones Islamic18.8% S&P Shariah20.8% MSCI Islamic75.5% MSCI Islamic M-Series20.8% FTSE Shariah16.8% |
| GOOG Alphabet Inc | QUESTIONABLE | 3.03% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| BRK.B Berkshire Hathaway Inc | NON_COMPLIANT | 2.61% | no in-house ratios for this holding |
| FRPH FRP Holdings Inc | NON_COMPLIANT | 2.56% | AAOIFI49.5% Usmani28.2% Dow Jones Islamic43.2% S&P Shariah41.5% MSCI Islamic28.2% MSCI Islamic M-Series41.5% FTSE Shariah28.2% |
| LLYVA Liberty Live Holdings Inc | QUESTIONABLE | 2.54% | AAOIFI18.2% Usmani211.3% Dow Jones Islamic20.5% S&P Shariah25.1% MSCI Islamic211.3% MSCI Islamic M-Series25.1% FTSE Shariah211.3% |
| BATRA Atlanta Braves Holdings Inc | QUESTIONABLE | 2.27% | AAOIFI23.7% Usmani51.1% Dow Jones Islamic26.4% S&P Shariah27.3% MSCI Islamic45.6% MSCI Islamic M-Series27.3% FTSE Shariah45.6% |
| SII.TO Sprott Inc | COMPLIANT | 2.24% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TJX TJX Cos Inc/The | COMPLIANT | 2.10% | AAOIFI10.1% Usmani38.6% Dow Jones Islamic9.4% S&P Shariah10.4% MSCI Islamic38.6% MSCI Islamic M-Series10.4% FTSE Shariah7.7% |
| TTWO Take-Two Interactive Software | QUESTIONABLE | 1.97% | AAOIFI7.4% Usmani32.6% Dow Jones Islamic7.5% S&P Shariah8.5% MSCI Islamic32.6% MSCI Islamic M-Series8.5% FTSE Shariah27.9% |
| UniFirst Corp/MA | UNSCREENED | 1.95% | no in-house ratios for this holding |
| TRULIEVE CANNABIS CORP | UNSCREENED | 1.95% | no in-house ratios for this holding |
| WRB W R Berkley Corp | NON_COMPLIANT | 1.93% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Acuity Inc | UNSCREENED | 1.93% | no in-house ratios for this holding |
| CIMPRESS PLC | UNSCREENED | 1.86% | no in-house ratios for this holding |
| PR Permian Resources Corp | COMPLIANT | 1.83% | AAOIFI16.0% Usmani17.0% Dow Jones Islamic25.3% S&P Shariah28.1% MSCI Islamic16.9% MSCI Islamic M-Series28.1% FTSE Shariah16.2% |
| DLTR Dollar Tree Inc | NON_COMPLIANT | 1.83% | AAOIFI33.0% Usmani54.7% Dow Jones Islamic38.6% S&P Shariah35.1% MSCI Islamic54.7% MSCI Islamic M-Series35.1% FTSE Shariah20.9% |
| BEACH ACQUISITION BIDCO | UNSCREENED | 1.82% | no in-house ratios for this holding |
| STUB Stubhub Holdings Inc | NON_COMPLIANT | 1.80% | AAOIFI55.4% Usmani25.1% Dow Jones Islamicfail S&P Shariahpass MSCI Islamic25.1% MSCI Islamic M-Seriesfail FTSE Shariah25.1% |
| THE REALREAL INC | UNSCREENED | 1.78% | no in-house ratios for this holding |
| FIRY FIRY INC | NON_COMPLIANT | 1.77% | AAOIFI86.4% Usmani48.8% Dow Jones Islamic138.7% S&P Shariah137.9% MSCI Islamic48.8% MSCI Islamic M-Series137.9% FTSE Shariah47.3% |
| CONDUENT BUS SERVICES | UNSCREENED | 1.69% | no in-house ratios for this holding |
| PPLI People Inc | NON_COMPLIANT | 1.68% | AAOIFI48.7% Usmani18.8% Dow Jones Islamic49.3% S&P Shariah48.2% MSCI Islamic18.8% MSCI Islamic M-Series48.2% FTSE Shariah18.8% |
| MTCH Match Group Inc | NON_COMPLIANT | 1.63% | AAOIFI37.0% Usmani88.1% Dow Jones Islamic44.3% S&P Shariah42.6% MSCI Islamic88.1% MSCI Islamic M-Series42.6% FTSE Shariah88.1% |
| MKL Markel Group Inc | NON_COMPLIANT | 1.53% | AAOIFI19.3% Usmani6.1% Dow Jones Islamic18.3% S&P Shariah19.5% MSCI Islamic6.1% MSCI Islamic M-Series19.5% FTSE Shariah6.1% |
| TPB TURNING POINT BRANDS INC | COMPLIANT | 1.52% | AAOIFI19.7% Usmani34.4% Dow Jones Islamic20.0% S&P Shariah25.7% MSCI Islamic34.4% MSCI Islamic M-Series25.7% FTSE Shariah34.4% |
| GRMN Garmin Ltd | COMPLIANT | 1.52% | AAOIFI0.3% Usmani1.5% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic1.5% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| Philip Morris International In | UNSCREENED | 1.51% | no in-house ratios for this holding |
| IPAR Interparfums Inc | COMPLIANT | 1.50% | AAOIFI4.3% Usmani10.9% Dow Jones Islamic4.6% S&P Shariah4.5% MSCI Islamic10.9% MSCI Islamic M-Series4.5% FTSE Shariah9.6% |
| GRBK Green Brick Partners Inc | COMPLIANT | 1.49% | AAOIFI11.1% Usmani12.4% Dow Jones Islamic11.0% S&P Shariah11.6% MSCI Islamic12.4% MSCI Islamic M-Series11.6% FTSE Shariah12.4% |
| SJM J M Smucker Co/The | NON_COMPLIANT | 1.48% | AAOIFI48.0% Usmani41.6% Dow Jones Islamic60.6% S&P Shariah60.2% MSCI Islamic41.6% MSCI Islamic M-Series60.2% FTSE Shariah40.4% |
| PII Polaris Inc | NON_COMPLIANT | 1.46% | AAOIFI47.5% Usmani31.8% Dow Jones Islamic52.1% S&P Shariah45.9% MSCI Islamic31.7% MSCI Islamic M-Series45.9% FTSE Shariah29.5% |
| DKS DICK'S SPORTING GOODS | NON_COMPLIANT | 1.36% | AAOIFI48.9% Usmani33.2% Dow Jones Islamic33.0% S&P Shariah35.5% MSCI Islamic33.2% MSCI Islamic M-Series35.5% FTSE Shariah0.0% |
| SMG Scotts Miracle-Gro Co/The | NON_COMPLIANT | 1.34% | AAOIFI71.9% Usmani79.0% Dow Jones Islamic70.4% S&P Shariah73.0% MSCI Islamic78.6% MSCI Islamic M-Series73.0% FTSE Shariah66.7% |
| ABNB Airbnb Inc | NON_COMPLIANT | 1.33% | AAOIFI2.3% Usmani8.7% Dow Jones Islamic3.1% S&P Shariah3.1% MSCI Islamic8.7% MSCI Islamic M-Series3.1% FTSE Shariah8.6% |
| UMG.AS Universal Music Group NV | COMPLIANT | 1.33% | AAOIFI13.5% Usmani22.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic19.5% MSCI Islamic M-Seriespass FTSE Shariah19.5% |
| STIIIZY T/L (7/25) | UNSCREENED | 1.32% | no in-house ratios for this holding |
| LEVI Levi Strauss & Co | COMPLIANT | 1.27% | AAOIFI28.4% Usmani34.7% Dow Jones Islamic313.9% S&P Shariah330.6% MSCI Islamic34.7% MSCI Islamic M-Series330.6% FTSE Shariah15.8% |
| BJ's Wholesale Club Holdings I | UNSCREENED | 1.26% | no in-house ratios for this holding |
| Liberty Media Corp-Liberty For | UNSCREENED | 1.18% | no in-house ratios for this holding |
| WSO Watsco Inc | COMPLIANT | 1.17% | AAOIFI7.1% Usmani17.8% Dow Jones Islamic5.3% S&P Shariah5.4% MSCI Islamic17.6% MSCI Islamic M-Series5.4% FTSE Shariah9.6% |
| JEF Jefferies Financial Group Inc | NON_COMPLIANT | 1.13% | AAOIFI155.4% Usmani25.1% Dow Jones Islamic171.6% S&P Shariah188.8% MSCI Islamic25.1% MSCI Islamic M-Series188.8% FTSE Shariah25.1% |
| DBX Dropbox Inc | NON_COMPLIANT | 1.00% | AAOIFI5.2% Usmani23.9% Dow Jones Islamic6.1% S&P Shariah6.3% MSCI Islamic13.8% MSCI Islamic M-Series6.3% FTSE Shariah0.0% |
| HHH Howard Hughes Holdings Inc | NON_COMPLIANT | 0.85% | AAOIFI133.4% Usmani32.1% Dow Jones Islamic124.7% S&P Shariah129.5% MSCI Islamic32.1% MSCI Islamic M-Series129.5% FTSE Shariah32.1% |
| CINC BELL TEL | UNSCREENED | 0.82% | no in-house ratios for this holding |
| SSNC SS&C Technologies Holdings Inc | NON_COMPLIANT | 0.80% | AAOIFI39.6% Usmani37.7% Dow Jones Islamic41.2% S&P Shariah44.6% MSCI Islamic37.7% MSCI Islamic M-Series44.6% FTSE Shariah36.8% |
| VIAPATH TECHNOLOGIES | UNSCREENED | 0.79% | no in-house ratios for this holding |
| CPRT Copart Inc | COMPLIANT | 0.79% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CBOE Cboe Global Markets Inc | NON_COMPLIANT | 0.75% | AAOIFI4.9% Usmani14.9% Dow Jones Islamic6.2% S&P Shariah6.8% MSCI Islamic14.9% MSCI Islamic M-Series6.8% FTSE Shariah13.6% |
| ATENTO LUXCO 1 SA | UNSCREENED | 0.74% | no in-house ratios for this holding |
| Chicago Atlantic Real Estate F | UNSCREENED | 0.53% | no in-house ratios for this holding |
| ATENTO LUXCO 1 SA | UNSCREENED | 0.43% | no in-house ratios for this holding |
| BRINKER INTERNATIONAL IN | UNSCREENED | 0.42% | no in-house ratios for this holding |
| RITM RITHM CAPITAL CORP | NON_COMPLIANT | 0.32% | AAOIFI532.0% Usmani55.3% Dow Jones Islamic565.3% S&P Shariah611.2% MSCI Islamic55.3% MSCI Islamic M-Series611.2% FTSE Shariah55.3% |
| Chicago Atlantic BDC Inc | UNSCREENED | 0.30% | no in-house ratios for this holding |
| Common Citizen Senior Secured Term Loan | UNSCREENED | 0.23% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.11% | no in-house ratios for this holding |
| COMMON C GP, LLC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| CELGENE CORP | UNSCREENED | 0.02% | no in-house ratios for this holding |
| GTII.CN GREEN THUMB INDUSTRIES, INC | NON_COMPLIANT | 0.00% | AAOIFI30.6% Usmani28.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic18.6% MSCI Islamic M-Seriespass FTSE Shariah18.6% |
| ATENTO S.A. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Atento Class A Preferred Shares | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 12 points of portfolio weight — 31.5% of it passes FTSE Shariah, 19.5% passes Usmani. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 30.6% ratios fail on 24.8% 44.7% not rated under AAOIFI
ratios pass on 19.5% ratios fail on 30.2% 50.3% not rated under Usmani
ratios pass on 27.0% ratios fail on 26.1% 46.9% not rated under Dow Jones Islamic
ratios pass on 28.8% ratios fail on 24.3% 46.9% not rated under S&P Shariah
ratios pass on 20.2% ratios fail on 28.8% 51.0% not rated under MSCI Islamic
ratios pass on 27.0% ratios fail on 26.1% 46.9% not rated under MSCI Islamic M-Series
ratios pass on 31.5% ratios fail on 20.6% 48.0% not rated under FTSE Shariah
36 of 63 listed holdings carry our own per-methodology verdicts (56% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 34 (53% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BRK.B Berkshire Hathaway Inc | 2.61% |
| FRPH FRP Holdings Inc | 2.56% |
| WRB W R Berkley Corp | 1.93% |
| DLTR Dollar Tree Inc | 1.83% |
| STUB Stubhub Holdings Inc | 1.80% |
| FIRY FIRY INC | 1.77% |
| PPLI People Inc | 1.68% |
| MTCH Match Group Inc | 1.63% |
| MKL Markel Group Inc | 1.53% |
| SJM J M Smucker Co/The | 1.48% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Intrepid Capital Fund (ICMVX) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A holding it cannot cover far enough is reported as unrated rather than counted as a pass.
| Holding | Weight | Verdict |
|---|---|---|
| Invesco Treasury Portfolionot matched to a ticker | 15.45% | Not screened |
| iShares Gold Trustnot matched to a ticker | 3.16% | Not screened |
| MSGSMadison Square Garden Sports C | 3.04% | Questionable |
| GOOGAlphabet Inc | 3.03% | Questionable |
| BRK.BBerkshire Hathaway Inc | 2.61% | Non-compliant |
| FRPHFRP Holdings Inc | 2.56% | Non-compliant |
| LLYVALiberty Live Holdings Inc | 2.54% | Questionable |
| BATRAAtlanta Braves Holdings Inc | 2.27% | Questionable |
| SII.TOSprott Inc | 2.24% | Compliant |
| TJXTJX Cos Inc/The | 2.10% | Compliant |
Top 10 of 63 holdings, 39.0% of the fund by weight. Every holding is screened, not only these.
The positions keeping this fund short of 100% compliant by weight.
Verdict history for ICMVX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
ℹ️ no compliance scan has run for 2 days - this is not a reading of today
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 45.00 | NEUTRAL |
| Stochastic %K (14) | 70.00 | NEUTRAL |
| CCI (20) | 25.74 | NEUTRAL |
| Williams %R (14) | -30.00 | NEUTRAL |
| MACD (12,26,9) | 0.03 | BUY |
| ROC (10) | 0.64 | BUY |
| Momentum (10) | 0.09 | BUY |
| EMA (10) | 14.26 | BUY |
| SMA (10) | 14.23 | BUY |
| EMA (20) | 14.29 | SELL |
| SMA (20) | 14.24 | BUY |
| EMA (30) | 14.34 | SELL |
| SMA (30) | 14.32 | SELL |
| EMA (50) | 14.40 | SELL |
| SMA (50) | 14.51 | SELL |
| EMA (100) | 14.42 | SELL |
| SMA (100) | 14.52 | SELL |
| EMA (200) | 14.24 | BUY |
| SMA (200) | 14.31 | SELL |
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.