Institutional Manager · CIK 0002007877
LB Partners LLC
Charlottesville, VA · File #028-23541
Latest AUM
$108.4M
Positions
25
Top-10 Concentration
84.5%
Filings
8
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | WIDEOPENWEST INC | 96758W101 | -3,877,126 | -$20.0M | $0 |
| REDUCE | GOGO INC | GOGO | -3,078,979 | -$14.3M | -$12.7M |
| ADD | SPROUT SOCIAL INC | SPT | +427,477 | +$4.8M | -$313,500 |
| EXITED | LIQUIDIA CORPORATION | 53635D202 | -200,000 | -$4.5M | $0 |
| REDUCE | MILLICOM INTL CELLULAR S A | L6388F110 | -80,000 | -$4.4M | +$2.2M |
| ADD | REMITLY GLOBAL INC | RELY | +233,304 | +$3.2M | -$2.5M |
| ADD | GITLAB INC | GTLB | +80,145 | +$3.0M | -$158,037 |
| EXITED | DIGITALBRIDGE GROUP INC | 25401T603 | -210,000 | -$2.5M | $0 |
| ADD | NIQ GLOBAL INTELLIGENCE PLC | NIQ | +50,000 | +$824,500 | +$153,813 |
| EXITED | AMRIZE LTD | H2927K103 | -10,000 | -$485,300 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202525 pos · $108.4M
- 13F HOLDINGS REPORTQ/E Sep 202529 pos · $155.8M
- 13F HOLDINGS REPORTQ/E Jun 202523 pos · $156.6M
- 13F HOLDINGS REPORTQ/E Mar 202522 pos · $139.0M
- 13F HOLDINGS REPORTQ/E Dec 202421 pos · $133.4M
- 13F HOLDINGS REPORTQ/E Sep 202422 pos · $115.1M
- 13F HOLDINGS REPORTQ/E Jun 202425 pos · $120.1M
- 13F HOLDINGS REPORTQ/E Mar 202422 pos · $98.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | REMITLY GLOBAL INC | RELY | 1,248,888 | $17.2M | 15.91% |
| 2 | CAPITAL ONE FINL CORP | 14040H105 | 64,056 | $15.5M | 14.33% |
| 3 | MILLICOM INTL CELLULAR S A | L6388F110 | 232,000 | $12.9M | 11.87% |
| 4 | AMERICAN EXPRESS CO | AXP | 32,000 | $11.8M | 10.93% |
| 5 | OPEN LENDING CORP | LPRO | 5,250,841 | $8.1M | 7.51% |
| 6 | SPROUT SOCIAL INC | SPT | 617,477 | $7.0M | 6.42% |
| 7 | ALPHABET INC | GOOG | 19,000 | $5.9M | 5.49% |
| 8 | OPPFI INC | OPFI-WT | 500,000 | $5.2M | 4.83% |
| 9 | NIQ GLOBAL INTELLIGENCE PLC | NIQ | 244,700 | $4.0M | 3.72% |
| 10 | GITLAB INC | GTLB | 101,077 | $3.8M | 3.50% |
| 11 | ALPHABET INC | GOOG | 8,000 | $2.5M | 2.32% |
| 12 | INTERNATIONAL MNY EXPRESS IN | INTR | 143,000 | $2.2M | 2.03% |
| 13 | KKR & CO INC | KKRT | 17,100 | $2.2M | 2.01% |
| 14 | LIBERTY BROADBAND CORP | LBRDP | 38,075 | $1.9M | 1.71% |
| 15 | AMAZON COM INC | AMZN | 8,000 | $1.8M | 1.70% |
| 16 | FRP HLDGS INC | FRPH | 76,682 | $1.7M | 1.61% |
| 17 | THRYV HLDGS INC | THRY | 249,705 | $1.5M | 1.39% |
| 18 | GOGO INC | GOGO | 150,000 | $699,000 | 0.65% |
| 19 | TRIPLE FLAG PRECIOUS METAL | TFPM | 14,913 | $495,410 | 0.46% |
| 20 | ETFS GOLD TR | 00326A104 | 11,000 | $451,880 | 0.42% |