SEC 13F Intelligence

Managers / Q1 2026

LB Partners LLC

CIK 0002007877 · 411-413A EAST MAIN STREET, CHARLOTTESVILLE, VA, 22902 · 434-886-1101

Reported Value
$112M
Q1 2026
Positions
37
Filings on Record
10
2019–present window
Filed
Apr 24, 2026
original filing

Summary

Lb Partners LLC reported $112M in U.S.-listed holdings across 37 positions for Q1 2026.

The portfolio is heavily concentrated: RELY alone accounts for 21.5% of reported value.

Compared with Q4 2025, the fund opened 14 new positions and exited 2.

Portfolio Metrics

Turnover
+18.6%
vs prior filed quarter
Top-10 Concentration
+79.8%
share of reported value
Largest Position
+21.5%
Remitly Global
New / Exited
14 / 2
positions this quarter

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

13F Reported Value
Q4 ’23: $91MQ4 ’23Q1 ’24: $98MQ2 ’24: $120MQ2 ’24Q3 ’24: $115MQ4 ’24: $133MQ4 ’24Q1 ’25: $139MQ2 ’25: $157MQ2 ’25Q3 ’25: $156MQ4 ’25: $108MQ4 ’25Q1 ’26: $112Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 82.6%Other: 14.8%ADR: 2.0%ETP: 0.4%MLP: 0.1%Other: 0.1%
  • Common Stock · 82.6% · $92M
  • Other · 14.8% · $16M
  • ADR · 2.0% · $2M
  • ETP · 0.4% · $490,820
  • MLP · 0.1% · $151,200
  • Other · 0.1% · $75,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PDDPDD HOLDINGS INCNEW+22.0K22.0K+$2M$2M
FISVFISERV INCNEW+27.0K27.0K+$2M$2M
MUMICRON TECHNOLOGY INCNEW+4.0K4.0K+$1M$1M
FOURSHIFT4 PMTS INCNEW+30.0K30.0K+$1M$1M
BBB FOODS INCNEW+35.0K35.0K+$1M$1M
NVDANVIDIA CORPORATIONNEW+6.0K6.0K+$1M$1M
PYPLPAYPAL HLDGS INCNEW+20.0K20.0K+$904,600$904,600
GPNGLOBAL PMTS INCNEW+10.0K10.0K+$673,000$673,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RELYREMITLY GLOBAL INChistory →COM21.48%$24M1.53M
2COFCAPITAL ONE FINL CORPhistory →COM11.46%$13M70.1K
3MILLICOM INTL CELLULAR S ACOM STK9.61%$11M143.0K
4AXPAMERICAN EXPRESS COhistory →COM8.14%$9M30.0K
5SPTSPROUT SOCIAL INChistory →COM CL A7.72%$9M1.51M
6GOOGLALPHABET INCCAP STK CL A · CAP STK CL C6.96%$8M27.0K
7LPROOPEN LENDING CORPhistory →COM6.05%$7M5.40M
8NIQ GLOBAL INTELLIGENCE PLCORDINARY SHARES4.07%$5M399.7K
9OPFIOPPFI INChistory →COM CL A3.46%$4M500.0K
10GOGOGOGO INChistory →COM2.90%$3M804.0K
11PDDPDD HOLDINGS INChistory →SPONSORED ADS2.02%$2M22.0K
12AMZNAMAZON COM INChistory →COM1.49%$2M8.0K
13KKRKKR & CO INChistory →COM1.42%$2M17.1K
14FISVFISERV INChistory →COM1.35%$2M27.0K
15MUMICRON TECHNOLOGY INChistory →COM1.21%$1M4.0K
16FOURSHIFT4 PMTS INChistory →CL A1.18%$1M30.0K
17GTLBGITLAB INChistory →CLASS A COM1.16%$1M60.0K
18BBB FOODS INCCL A COM1.11%$1M35.0K
19NVDANVIDIA CORPORATIONCOM0.94%$1M6.0K
20LBRDKLIBERTY BROADBAND CORPCOM SER C0.82%$909,17318.1K
21PYPLPAYPAL HLDGS INCCOM0.81%$904,60020.0K
22GPNGLOBAL PMTS INCCOM0.60%$673,00010.0K
23NOWSERVICENOW INCCOM0.56%$627,3006.0K
24TFPMTRIPLE FLAG PRECIOUS METALCOM0.46%$517,63014.9K
25DVNDEVON ENERGY CORP NEWCOM0.45%$503,20010.0K
26ETFS GOLD TRPHYSCL GOLD SHS0.44%$490,82011.0K
27GLIBKUSDGCI LIBERTY INCCOM SER C0.36%$402,42610.8K
28IMXIINTERNATIONAL MONEY EXPRESSCOM0.33%$363,40023.0K
29SPGIS&P GLOBAL INCCOM0.29%$319,005750
30CHVCHEVRON CORPORATIONCOM0.26%$289,6601.4K
31MTAMETALLA RTY & STREAMING LTDCOM NEW0.21%$238,68036.0K
32OXYOCCIDENTAL PETE CORPCOM0.20%$221,0003.4K
33FRPHFRP HLDGS INCCOM0.19%$209,6549.6K
34BSMBLACK STONE MINERALS L PCOM UNIT0.14%$151,20010.0K
35MFICMIDCAP FINANCIAL INVSTMNT COCOM NEW0.10%$112,40010.0K
36CABLE ONE INCNOTE 1.125% 3/10.07%$75,000100.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$112M37Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$108M25Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$156M29Oct 31, 202513F-HRchanges · EDGAR ↗
Q2 2025$157M23Jul 29, 202513F-HRchanges · EDGAR ↗
Q1 2025$139M22Apr 29, 202513F-HRchanges · EDGAR ↗
Q4 2024$133M21Jan 24, 202513F-HRchanges · EDGAR ↗
Q3 2024$115M22Oct 21, 202413F-HRchanges · EDGAR ↗
Q2 2024$120M25Jul 29, 202413F-HRchanges · EDGAR ↗
Q1 2024$98M22May 1, 202413F-HRchanges · EDGAR ↗
Q4 2023$91M27Jan 26, 202413F-HRchanges · 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 ↗.