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LB Partners LLC

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

Q4 2025 · Filed 2026-02-17
Market Value
$104M
-31.5%
Holdings
27
New Purchases
0
Added To
5
Closed
3
Reduced
3
Top 10 Concentration
86.3%
Turnover
11.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
COF 14.88% 8.94% +5.94% $16M
RELY 16.52% 10.87% +5.65% $17M
SPT 6.67% 1.61% +5.06% $7M
AXP 11.35% 6.98% +4.37% $12M
GTLB 3.64% 0.62% +3.02% $4M
GOOGL 5.70% 3.03% +2.67% $6M
TIGO 12.33% 9.95% +2.38% $13M
OPFI 5.01% 3.72% +1.29% $5M
GOOG 2.41% 1.28% +1.13% $3M
LPRO 7.80% 7.00% +0.80% $8M
IMXI 2.11% 1.31% +0.79% $2M
KKR 2.09% 1.46% +0.63% $2M
AMZN 1.77% 1.15% +0.62% $2M
FRPH 1.68% 1.27% +0.40% $2M
GLBKV 0.39% 0.19% +0.20% $402K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOGO 0.67% 18.22% -17.55% $699K
WOW 0.00% 13.14% -13.14% $0
LQDA 0.00% 2.99% -2.99% $0
0YY7.L 0.00% 1.61% -1.61% $0
THRY 1.45% 1.98% -0.53% $2M

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 $22M 21.2%
Large Cap 4 $31M 29.7%
Mid Cap 9 $24M 23.1%
Small Cap 7 $17M 16.4%
Micro Cap 3 $10M 9.6%

Portfolio Analytics

Avg Market Cap
$469.9B
Median Market Cap
$4.5B
Avg P/E
57.3
Median P/E
26.0
Avg Dividend Yield
0.01%
Avg Beta
0.93
# Stocks
26
# ETFs / Funds
1

Top Holdings (27 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RELY 16.52% 1,248,888 $17M $13.80 $681K +233,304 +23.0%
2 COF 14.88% 64,056 $16M $242.36 $2M
3 TIGO 12.33% 232,000 $13M $55.44 -$2M -80,000 -25.6%
4 AXP 11.35% 32,000 $12M $369.95 $1M
5 LPRO 7.80% 5,250,841 $8M $1.55 -$3M +200,000 +4.0%
6 SPT 6.67% 617,477 $7M $11.27 $5M +427,477 +225.0%
7 GOOGL 5.70% 19,000 $6M $313.00 $1M
8 OPFI 5.01% 500,000 $5M $10.46 -$435K
9 GTLB 3.64% 101,077 $4M $37.53 $3M +80,145 +382.9%
10 GOOG 2.41% 8,000 $3M $313.80 $562K
11 IMXI 2.11% 143,000 $2M $15.36 $199K
12 KKR 2.09% 17,100 $2M $127.48 -$42K
13 LBRDK 1.77% 38,075 $2M $48.60 -$569K
14 AMZN 1.77% 8,000 $2M $230.82 $90K
15 FRPH 1.68% 76,682 $2M $22.79 -$191K -2,900 -3.6%
16 THRY 1.45% 249,705 $2M $6.05 -$2M
17 GOGO 0.67% 150,000 $699K $4.66 -$27M -3,078,979 -95.3%
18 TFPM.TO 0.47% 14,913 $495K $33.22 $59K
19 SGOL 0.43% 11,000 $452K $41.08 $47K
20 GLBKV 0.39% 10,815 $402K $37.21 $119K +3,200 +42.0%
21 SPGI 0.38% 750 $392K $522.59 $27K
22 MTA 0.27% 36,000 $280K $7.78 $51K
23 BSM 0.13% 10,000 $133K $13.29 $2K
24 WU 0.09% 10,000 $93K $9.31 $13K
25 LQDA —% -$5M -200,000 -100.0% SOLD
26 0YY7.L —% -$2M -210,000 -100.0% SOLD
27 WOW —% -$20M -3,877,126 -100.0% SOLD

Sold Out Positions

SymbolValue% Port
LQDA —%
0YY7.L —%
WOW —%
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