Managers / Q3 2024 · view latest →
LFL Advisers, LLC
CIK 0001694127 · 1560 SHERMAN AVENUE, STE 530, EVANSTON, IL, 60201 · 8478688750
Summary
Lfl Advisers, LLC reported $279M in U.S.-listed holdings across 10 positions for Q3 2024.
Its largest position, CDW, represents 14.0% of the portfolio.
Compared with Q2 2024, the fund opened 1 new position and exited 2.
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 · 62.1% · $173M
- Other · 23.9% · $67M
- REIT · 14.0% · $39M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TE CONNECTIVITY LTD | NEW | +244.5K | 244.5K | +$37M | $37M |
| TE CONNECTIVITY LTD | SOLD OUT | −224.2K | 0 | −$34M | $0 |
| NTRSNORTHERN TRUST CORP | SOLD OUT | −22.1K | 0 | −$2M | $0 |
| CDWCDW CORP | TRIMMED | −20.9K | 172.1K | −$4M | $39M |
| LAMRLAMAR ADVERTISING CO NEW | ADDED | +24.3K | 291.3K | +$7M | $39M |
| BNYBANK NEW YORK MELLON CORP | ADDED | +35.8K | 429.5K | +$7M | $31M |
| AON PLC | ADDED | +7.2K | 86.2K | +$7M | $30M |
| GOOGALPHABET INC | ADDED | +10.1K | 121.4K | −$117,050 | $20M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CDWCDW CORPhistory → | COM | 13.96% | $39M | 172.1K |
| 2 | LAMRLAMAR ADVERTISING CO NEWhistory → | CL A | 13.95% | $39M | 291.3K |
| 3 | TE CONNECTIVITY LTD | REG SHS | 13.23% | $37M | 244.5K |
| 4 | BNYBANK NEW YORK MELLON CORPhistory → | COM | 11.06% | $31M | 429.5K |
| 5 | AON PLC | COM | 10.69% | $30M | 86.2K |
| 6 | PGRPROGRESSIVE CORP OHIOhistory → | COM | 10.53% | $29M | 115.8K |
| 7 | ALVAUTOLIV INChistory → | COM | 9.82% | $27M | 293.6K |
| 8 | GOOGALPHABET INChistory → | CAP STK CL C | 7.27% | $20M | 121.4K |
| 9 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 4.83% | $13M | 29.3K |
| 10 | SCHWSCHWAB CHARLES CORP NEWhistory → | COM | 4.64% | $13M | 199.7K |
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 ↗.