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LB Partners Portfolio holdings
AUM
$154M
Turnover
28.57%
1-Year Est. Return
45.37%
This Fund
S&P 500
This Quarter Est. Return
+1%
1 Year Est. Return
+45.37%
3 Year Est. Return
+136.12%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$156M
AUM Growth
-$842K
(-0.54%)
Cap. Flow
+$7.9M
Cap. Flow % of AUM
Cap. Flow %
5.07%
Top 10 Holdings %
Top 10 Hldgs %
82.91%
Holding
29
New
6
Increased
3
Reduced
3
Closed
–
Avg Time Held
1.1
years
Top 10 Avg Time Held
1.1
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gogo Inc
GOGO
|
+$9.44M |
| 2 |
Remitly
RELY
|
+$6.86M |
| 3 |
NIQ Global Intelligence PLC
NIQ
|
+$3.39M |
| 4 |
Sprout Social
SPT
|
+$3.1M |
| 5 |
GitLab
GTLB
|
+$958K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WideOpenWest
WOW
|
+$12.7M |
| 2 |
Millicom
TIGO
|
+$3.95M |
| 3 |
OppFi
OPFI
|
+$225K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 46.31% |
| 2 | Financials | 29.33% |
| 3 | Technology | 17.98% |
| 4 | Healthcare | 2.92% |
| 5 | Real Estate | 1.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Gogo Inc
GOGO
$444M
| $27.7M | 17.8% |
3,228,979
+745,000
| +30% | +$9.44M |
2023 Q4
7 quarters
|
|
|
2
DELISTED
WideOpenWest
WOW
| $20M | 12.84% |
3,877,126
-2,834,345
| -42% | -$12.7M |
2023 Q4
7 quarters
|
|
|
3
Remitly
RELY
$4.83B
| $16.6M | 10.63% |
1,015,584
+382,314
| +60% | +$6.86M |
2024 Q2
5 quarters
|
|
|
4
Millicom
TIGO
$13.3B
| $15.1M | 9.72% |
312,000
-90,000
| -22% | -$3.95M |
2023 Q4
7 quarters
|
|
5
Capital One
COF
$117B
| $13.6M | 8.74% |
64,056
| – | – |
2025 Q2
1 quarter
|
|
6
DELISTED
Open Lending Corp
LPRO
| $10.7M | 6.84% |
5,050,841
| – | – |
2025 Q2
1 quarter
|
|
7
American Express
AXP
$215B
| $10.6M | 6.82% |
32,000
| – | – |
2023 Q4
7 quarters
|
|
|
8
OppFi
OPFI
$503M
| $5.66M | 3.64% |
500,000
-20,000
| -4% | -$225K |
2023 Q4
7 quarters
|
|
9
Alphabet (Google) Class A
GOOGL
$3.64T
| $4.62M | 2.96% |
19,000
| – | – |
2023 Q4
7 quarters
|
|
10
Liquidia Corp
LQDA
$5.17B
| $4.55M | 2.92% |
200,000
| – | – |
2023 Q4
7 quarters
|
|
|
11
NIQ Global Intelligence PLC
NIQ
$5.72B
| $3.06M | 1.96% |
+194,700
| New | +$3.39M |
2025 Q3
0 quarters
|
|
12
Thryv Holdings
THRY
$45.3M
| $3.01M | 1.93% |
249,705
| – | – |
2024 Q4
3 quarters
|
|
13
DELISTED
DigitalBridge
DBRG
| $2.46M | 1.58% |
210,000
| – | – |
2024 Q4
3 quarters
|
|
|
14
Sprout Social
SPT
$685M
| $2.45M | 1.58% |
+190,000
| New | +$3.1M |
2025 Q3
0 quarters
|
|
15
DELISTED
Liberty Broadband Class C
LBRDK
| $2.42M | 1.55% |
38,075
| – | – |
2024 Q1
6 quarters
|
|
16
KKR & Co
KKR
$87.5B
| $2.22M | 1.43% |
17,100
| – | – |
2023 Q4
7 quarters
|
|
17
International Money Express
IMXI
$190M
| $2M | 1.28% |
143,000
+13,000
| +10% | +$161K |
2025 Q1
2 quarters
|
|
18
Alphabet (Google) Class C
GOOG
$3.6T
| $1.95M | 1.25% |
8,000
| – | – |
2023 Q4
7 quarters
|
|
19
FRP Holdings
FRPH
$355M
| $1.94M | 1.24% |
79,582
| – | – |
2023 Q4
7 quarters
|
|
20
Amazon
AMZN
$2.88T
| $1.76M | 1.13% |
8,000
| – | – |
2025 Q2
1 quarter
|
|
|
21
GitLab
GTLB
$7.95B
| $944K | 0.61% |
+20,932
| New | +$958K |
2025 Q3
0 quarters
|
|
22
Amrize Ltd
AMRZ
$21.8B
| $485K | 0.31% |
+10,000
| New | +$510K |
2025 Q3
0 quarters
|
|
23
Triple Flag Precious Metals
TFPM
$6.25B
| $436K | 0.28% |
14,913
| – | – |
2023 Q4
7 quarters
|
|
24
abrdn Physical Gold Shares ETF
SGOL
$6.48B
| $405K | 0.26% |
11,000
| – | – |
2023 Q4
7 quarters
|
|
25
S&P Global
SPGI
$137B
| $365K | 0.23% |
750
| – | – |
2023 Q4
7 quarters
|
|
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LB Partners's Q3 2025 Portfolio in Review
As of Q3 2025, LB Partners held 29 positions worth $156M, down 0.54% from $157M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
LB Partners deployed $7.9M of net new capital in Q3 2025, opening 6 new positions and adding to 3 existing holdings. Its largest new stake was NIQ Global Intelligence PLC: 194,700 shares worth $3.06M.
By sector, the portfolio is most concentrated in Communication Services at 46% of assets, down from 56% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was WideOpenWest, an estimated $12.7M trimmed.
- LB Partners's largest Q3 2025 buy was NIQ Global Intelligence PLC: 194,700 shares worth $3.06M.
- LB Partners added most to Gogo Inc in Q3 2025, an estimated $9.44M increase.
- LB Partners's biggest Q3 2025 reduction was WideOpenWest, cutting an estimated $12.7M.
- LB Partners's ten largest holdings make up 83% of its $156M portfolio in Q3 2025.
- LB Partners opened 6 new positions and closed 0 in Q3 2025.
- LB Partners's portfolio value fell 0.54% quarter-over-quarter to $156M.
Based on LB Partners's 13F filing for Q3 2025, filed 31 Oct 2025.