Managers / Q2 2025 · view latest →
LB Partners LLC
CIK 0002007877 · 411-413A EAST MAIN STREET, CHARLOTTESVILLE, VA, 22902 · 434-886-1101
Summary
Lb Partners LLC reported $157M in U.S.-listed holdings across 23 positions for Q2 2025.
The portfolio is heavily concentrated: GOGO alone accounts for 23.3% of reported value.
Compared with Q1 2025, the fund opened 3 new positions 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 · 90.1% · $141M
- Other · 9.6% · $15M
- ETP · 0.2% · $353,540
- MLP · 0.1% · $130,800
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| COFCAPITAL ONE FINL CORP | NEW | +64.1K | 64.1K | +$14M | $14M |
| LPROOPEN LENDING CORP | NEW | +5.05M | 5.05M | +$10M | $10M |
| AMZNAMAZON COM INC | NEW | +8.0K | 8.0K | +$2M | $2M |
| DFSEURDISCOVER FINL SVCS | SOLD OUT | −62.9K | 0 | −$11M | $0 |
| APPAPPLOVIN CORP | SOLD OUT | −2.5K | 0 | −$666,363 | $0 |
| GOOGALPHABET INC | TRIMMED | −9.2K | 8.0K | −$1M | $1M |
| LBRDKLIBERTY BROADBAND CORP | TRIMMED | −40.0K | 38.1K | −$3M | $4M |
| DBRGDIGITALBRIDGE GROUP INC | TRIMMED | −125.0K | 210.0K | −$767,800 | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $112M | 37 | Apr 24, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $108M | 25 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $156M | 29 | Oct 31, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $157M | 23 | Jul 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $139M | 22 | Apr 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $133M | 21 | Jan 24, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $115M | 22 | Oct 21, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $120M | 25 | Jul 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $98M | 22 | May 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $91M | 27 | Jan 26, 2024 | 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 ↗.