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MP
Makaira Partners Portfolio holdings
AUM
$128M
1-Year Est. Return
14.03%
This Fund
S&P 500
This Quarter
Est. Return
+0.98%
1 Year Est. Return
-14.03%
3 Year Est. Return
+22.03%
5 Year Est. Return
+33.77%
10 Year Est. Return
+242.73%
AUM
$473M
AUM Growth
-$31.1M
(-6.2%)
Cap. Flow
-$27.5M
Cap. Flow
% of AUM
-5.82%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
11
New
2
Increased
–
Reduced
1
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VSXY
Victoria's Secret
VSXY
|
+$20.6M |
| 2 |
Progressive
PGR
|
+$7.21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CDK
CDK Global, Inc.
CDK
|
+$35M |
| 2 |
Bath & Body Works
BBWI
|
+$20.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.19% |
| 2 | Communication Services | 33.57% |
| 3 | Technology | 22.87% |
| 4 | Financials | 1.44% |
| 5 | Energy | 1.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Liberty Broadband Class C
LBRDK
$4.15B
| $159M | 33.57% |
919,556
| – | – |
|
|
2
Bath & Body Works
BBWI
$4.01B
| $85M | 17.97% |
1,348,654
-319,631
| -19% | -$20.3M |
|
3
CarMax
KMX
$8.27B
| $56M | 11.83% |
437,377
| – | – |
|
4
Zebra Technologies
ZBRA
$12.4B
| $55.6M | 11.75% |
107,879
| – | – |
|
5
CDW
CDW
$17.1B
| $52.6M | 11.12% |
288,982
| – | – |
|
|
QVCGA
6
DELISTED
QVC Group Inc Series A
QVCGA
| $30.4M | 6.42% |
59,609
| – | – |
|
|
VSXY
7
Victoria's Secret
VSXY
$6.64B
| $18.8M | 3.97% |
+339,738
| New | +$20.6M |
|
|
8
Progressive
PGR
$124B
| $6.83M | 1.44% |
+75,600
| New | +$7.21M |
|
9
Cactus
WHD
$3.83B
| $5.09M | 1.08% |
135,000
| – | – |
|
10
HEICO Corp Class A
HEI.A
$35.4B
| $4.05M | 0.86% |
34,191
| – | – |
|
|
CDK
11
DELISTED
CDK Global, Inc.
CDK
| – | – |
-704,959
| Closed | -$35M |
|
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Makaira Partners's Q3 2021 Portfolio in Review
As of Q3 2021, Makaira Partners held 11 positions worth $473M, down 6.2% from $504M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Makaira Partners withdrew a net $27.5M in Q3 2021, closing 1 position and reducing 1 holding. Its most notable exit was CDK Global, Inc., an estimated $35M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, up from 38% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Makaira Partners opened a new position in Victoria's Secret worth $18.8M.
- Makaira Partners's largest Q3 2021 buy was Victoria's Secret: 339,738 shares worth $18.8M.
- Makaira Partners's biggest Q3 2021 reduction was Bath & Body Works, cutting an estimated $20.3M.
- Makaira Partners fully exited CDK Global, Inc. in Q3 2021, selling an estimated $35M.
- Makaira Partners's ten largest holdings make up 100% of its $473M portfolio in Q3 2021.
- Makaira Partners opened 2 new positions and closed 1 in Q3 2021.
- Makaira Partners's portfolio value fell 6.2% quarter-over-quarter to $473M.
Based on Makaira Partners's 13F filing for Q3 2021, filed 15 Nov 2021.