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LB Partners LLC

411-413A EAST MAIN STREET, CHARLOTTESVILLE, VA 22902 • 434-886-1101

Q2 2025 · Filed 2025-07-29
Market Value
$157M
+12.7%
Holdings
25
+1
New Purchases
3
Added To
3
Closed
2
Reduced
8
Top 10 Concentration
88.5%
Turnover
20.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
COF 8.70% 0.00% +8.70% $14M
GOGO 23.28% 14.60% +8.68% $36M
LPRO 6.26% 0.00% +6.26% $10M
AMZN 1.12% 0.00% +1.12% $2M
OPFI 4.64% 3.99% +0.65% $7M
AXP 6.52% 6.16% +0.36% $10M
THRY 1.94% 1.83% +0.11% $3M
TFPM.TO 0.23% 0.20% +0.02% $353K
MTA 0.09% 0.07% +0.01% $138K
KKR 1.45% 1.44% +0.01% $2M
GOOGL 2.14% 2.13% +0.01% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WOW 17.40% 25.87% -8.47% $27M
DFS 0.00% 7.65% -7.65% $0
LBRDK 2.39% 4.76% -2.37% $4M
TIGO 9.62% 11.45% -1.83% $15M
FRPH 1.37% 2.60% -1.23% $2M
GOOG 0.91% 1.95% -1.04% $1M
RELY 7.59% 8.54% -0.95% $12M
0YY7.L 1.39% 2.12% -0.73% $2M
IMXI 0.84% 1.42% -0.58% $1M
LQDA 1.59% 2.12% -0.53% $2M
APP 0.00% 0.48% -0.48% $0
BSM 0.08% 0.11% -0.03% $131K
SPGI 0.25% 0.28% -0.02% $395K
SGOL 0.23% 0.24% -0.01% $354K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 41.6%
Financial Services 30.3%
Communication Services 21.8%
Consumer Cyclical 3.7%
Energy 1.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $17M 10.7%
Large Cap 6 $31M 20.0%
Mid Cap 7 $21M 13.5%
Small Cap 6 $75M 47.6%
Micro Cap 2 $13M 8.2%

Portfolio Analytics

Avg Market Cap
$515.6B
Median Market Cap
$5.4B
Avg P/E
57.2
Median P/E
27.1
Avg Dividend Yield
0.01%
Avg Beta
1.06
# Stocks
24
# ETFs / Funds
1

Top Holdings (25 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOGO 23.28% 2,483,979 $36M $14.68 $16M +120,000 +5.1%
2 WOW 17.40% 6,711,471 $27M $4.06 -$9M -647,051 -8.8%
3 TIGO 9.62% 402,000 $15M $37.47 -$844K -118,923 -22.8%
4 COF 8.70% 64,056 $14M $212.76 +64,056 NEW
5 RELY 7.59% 633,270 $12M $18.77 $20K +60,000 +10.5%
6 AXP 6.52% 32,000 $10M $318.98 $2M
7 LPRO 6.26% 5,050,841 $10M $1.94 +5,050,841 NEW
8 OPFI 4.64% 520,000 $7M $13.99 $2M -86,000 -14.2%
9 LBRDK 2.39% 38,075 $4M $98.38 -$3M -40,000 -51.2%
10 GOOGL 2.14% 19,000 $3M $176.23 $386K
11 THRY 1.94% 249,705 $3M $12.16 $492K +50,000 +25.0%
12 LQDA 1.59% 200,000 $2M $12.46 -$456K
13 KKR 1.45% 17,100 $2M $133.03 $274K
14 0YY7.L 1.39% 210,000 $2M $10.35 -$768K -125,000 -37.3%
15 FRPH 1.37% 79,582 $2M $26.89 -$1M -46,220 -36.7%
16 AMZN 1.12% 8,000 $2M $219.39 +8,000 NEW
17 GOOG 0.91% 8,000 $1M $177.39 -$1M -9,200 -53.5%
18 IMXI 0.84% 130,000 $1M $10.09 -$662K -26,902 -17.1%
19 SPGI 0.25% 750 $395K $527.29 $13K
20 SGOL 0.23% 11,000 $354K $32.14 $25K
21 TFPM.TO 0.23% 14,913 $353K $23.69 $69K
22 MTA 0.09% 36,000 $138K $3.84 $35K
23 BSM 0.08% 10,000 $131K $13.08 -$22K
24 APP —% -$666K -2,500 -100.0% SOLD
25 DFS —% -$11M -62,850 -100.0% SOLD

New Positions

SymbolValue% Port
COF $14M 8.70%
LPRO $10M 6.26%
AMZN $2M 1.12%

Sold Out Positions

SymbolValue% Port
APP —%
DFS —%
View SEC EDGAR Filings for LB Partners LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms