Managers / Q1 2026
LFL Advisers, LLC
CIK 0001694127 · 1560 SHERMAN AVENUE, STE 530, EVANSTON, IL, 60201 · 8478688750
Summary
Lfl Advisers, LLC reported $332M in U.S.-listed holdings across 9 positions for Q1 2026.
Its largest position, BNY, represents 16.4% of the portfolio.
Compared with Q4 2025, the fund opened 1 new position and exited 0.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 60.9% · $203M
- Other · 27.0% · $90M
- REIT · 12.1% · $40M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SUNBSUNBELT RENTALS HOLDINGS INC | NEW | +659.9K | 659.9K | +$43M | $43M |
| AON PLC | ADDED | +34.0K | 126.7K | +$8M | $41M |
| GOOGALPHABET INC | TRIMMED | −29.1K | 101.5K | −$12M | $29M |
| LAMRLAMAR ADVERTISING CO NEW | HELD | +8.0K | 316.3K | +$1M | $40M |
| BNYBANK NEW YORK MELLON CORP | HELD | −3.1K | 459.5K | +$809,097 | $55M |
| PGRPROGRESSIVE CORP OHIO | HELD | +507 | 140.8K | −$4M | $28M |
| BRK/BBERKSHIRE HATHAWAY INC DEL | HELD | +110 | 31.8K | −$690,488 | $15M |
| ALVAUTOLIV INC | HELD | +418 | 314.9K | −$4M | $33M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BNYBANK NEW YORK MELLON CORPhistory → | COM | 16.40% | $55M | 459.5K |
| 2 | TE CONNECTIVITY LTD | REG SHS | 14.72% | $49M | 234.0K |
| 3 | SUNBSUNBELT RENTALS HOLDINGS INChistory → | COM | 12.83% | $43M | 659.9K |
| 4 | AON PLC | COM | 12.30% | $41M | 126.7K |
| 5 | LAMRLAMAR ADVERTISING CO NEWhistory → | CL A | 12.05% | $40M | 316.3K |
| 6 | ALVAUTOLIV INChistory → | COM | 9.96% | $33M | 314.9K |
| 7 | GOOGALPHABET INChistory → | CAP STK CL C | 8.76% | $29M | 101.5K |
| 8 | PGRPROGRESSIVE CORP OHIOhistory → | COM | 8.40% | $28M | 140.8K |
| 9 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 4.58% | $15M | 31.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $332M | 9 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $305M | 8 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $289M | 8 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $250M | 8 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $229M | 8 | May 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $257M | 9 | Feb 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $279M | 10 | Nov 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $254M | 11 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $277M | 11 | May 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $230M | 11 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $205M | 11 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $217M | 11 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $223M | 11 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $211M | 11 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $189M | 11 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $193M | 11 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $224M | 11 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $242M | 11 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $218M | 11 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $214M | 11 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $203M | 11 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $209M | 12 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $189M | 11 | Nov 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $192M | 12 | Aug 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $160M | 14 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $167M | 10 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $170M | 10 | Nov 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $163M | 10 | Aug 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $143M | 9 | May 10, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $127M | 9 | Feb 13, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.