DOSSIER · 13F-HR · Q2 2026

LB Partners LLC

$147M in tracked AUM across 34 positions as of Q2 2026.

LP
CIK 0002007877 · last filed Jun 30, 2026
Total AUM
$147M
as of Q2 2026
Holdings
34
positions
Whale Score
69
69
tracked
Activity
no data
changes this Q
AI Analysis · Q2 2026
Comprehensive Analysis of LB Partners LLC SEC 13F Filing (Q3 2025)
Portfolio Overview

LB Partners LLC manages a concentrated portfolio with a total value of $137.9 million as of September 30, 2025. The firm employs a high-conviction investment strategy, holding only 24 positions, which indicates a preference for selectivity over broad diversification. The portfolio experienced a 12.0% decrease in total value from the previous quarter ($156.64M), a decline driven by a combinatio...

The fund is heavily top-heavy, with the top three holdings—GOGO, WideOpenWest, and Remitly Global—accounting for 46.62% of the total assets. This concentration suggests that the firm’s performance is heavily reliant on the success of a small number of core ideas. The strategy appears to focus on specific themes within connectivity, financial technology, and undervalued or turnaround situations, rather than passive index tracking.

Key Holdings

The portfolio is anchored by three substantial positions, each representing a distinct thematic bet:

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
RELY
REMITLY GLOBAL INC
$28M1.3M19.4%
02
G63755105
NIQ GLOBAL INTELLIGENCE PLC
$18M1.9M12.3%
03
LPRO
OPEN LENDING CORP
$15M4.9M10.3%
04
COF
CAPITAL ONE FINL CORP
$14M70K9.6%
05
AXP
AMERICAN EXPRESS CO
$10M30K6.9%
06
L6388F110
MILLICOM INTL CELLULAR S A
$7M77K4.8%
07
MU
MICRON TECHNOLOGY INC
$7M6K4.7%
08
GOOGL
ALPHABET INC
$7M19K4.6%
09
OPFI
OPPFI INC
$6M633K4.3%
10
FOUR
SHIFT4 PMTS INC
$5M96K3.2%

Filing history

2026Q2Jun 30
$147M 31.5%
34 positionsView →
2026Q1Mar 31
$112M 2.9%
37 positionsView →
2025Q4Dec 31
$108M 21.4%
25 positionsView →
2025Q3Sep 30
$138M 12.0%
24 positionsView →
2025Q2Jun 30
$157M 41.6%
23 positionsLocked
2025Q1Mar 31
$111M 17.1%
18 positionsLocked
2024Q4Dec 31
$133M 15.9%
21 positionsLocked
2024Q3Sep 30
$115M 4.2%
22 positionsLocked
2024Q2Jun 30
$120M 22.5%
25 positionsLocked
2024Q1Mar 31
$98M 7.5%
22 positionsLocked
2023Q4Dec 31
$91M
27 positionsLocked