# LB Partners LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2007877. Source: https://holderbook.com/funds/2007877-lb-partners-llc/

- Reported value: $146.6M
- Positions: 34
- Weight of the ten largest: 80.1%
- Filed: 2026-07-30

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| REMITLY GLOBAL INC | [RELY](https://holderbook.com/stocks/RELY/) | $28.4M | 1,268,000 | 19.4% | 9 |
| NIQ GLOBAL INTELLIGENCE PLC | [NIQ](https://holderbook.com/stocks/NIQ/) | $18.1M | 1,932,168 | 12.3% | 4 |
| OPEN LENDING CORP | [LPRO](https://holderbook.com/stocks/LPRO/) | $15.1M | 4,850,841 | 10.3% | 5 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $14.1M | 70,056 | 9.6% | 5 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $10.1M | 30,000 | 6.9% | 11 |
| MILLICOM INTL CELLULAR S A | [TIGO](https://holderbook.com/stocks/TIGO/) | $7.0M | 77,000 | 4.8% | 11 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $6.9M | 6,000 | 4.7% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $6.8M | 19,000 | 4.6% | 11 |
| OPPFI INC | [OPFI](https://holderbook.com/stocks/OPFI/) | $6.3M | 632,500 | 4.3% | 11 |
| SHIFT4 PMTS INC | [FOUR](https://holderbook.com/stocks/FOUR/) | $4.7M | 96,000 | 3.2% | 2 |
| TOAST INC | [TOST](https://holderbook.com/stocks/TOST/) | $4.3M | 155,000 | 2.9% | 1 |
| LIBERTY BROADBAND CORP | [LBRDK](https://holderbook.com/stocks/LBRDK/) | $3.7M | 110,075 | 2.5% | 10 |
| SPROUT SOCIAL INC | [SPT](https://holderbook.com/stocks/SPT/) | $3.6M | 479,733 | 2.5% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.8M | 8,000 | 1.9% | 11 |
| GOGO INC | [GOGO](https://holderbook.com/stocks/GOGO/) | $2.1M | 683,066 | 1.4% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.9M | 8,000 | 1.3% | 5 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $1.7M | 22,000 | 1.1% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.6M | 8,000 | 1.1% | 2 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $1.6M | 17,100 | 1.1% | 11 |
| BBB FOODS INC | [TBBB](https://holderbook.com/stocks/TBBB/) | $1.5M | 35,000 | 1.0% | 2 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $971.5K | 22,500 | 0.7% | 2 |
| TRIPLE FLAG PRECIOUS METAL | [TFPM](https://holderbook.com/stocks/TFPM/) | $446.9K | 14,913 | 0.3% | 11 |
| ETFS GOLD TR | [SGOL](https://holderbook.com/stocks/SGOL/) | $420.5K | 11,000 | 0.3% | 11 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $413.2K | 10,000 | 0.3% | 2 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $387.7K | 1,685 | 0.3% | 1 |
| INTERNATIONAL MONEY EXPRESS | [IMXI](https://holderbook.com/stocks/IMXI/) | $332.4K | 23,000 | 0.2% | 6 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $305.4K | 750 | 0.2% | 11 |
| METALLA RTY & STREAMING LTD | [MTA](https://holderbook.com/stocks/MTA/) | $274.0K | 36,000 | 0.2% | 6 |
| FRP HLDGS INC | [FRPH](https://holderbook.com/stocks/FRPH/) | $239.5K | 9,582 | 0.2% | 11 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $232.1K | 1,400 | 0.2% | 2 |
| BLACK STONE MINERALS L P | [BSM](https://holderbook.com/stocks/BSM/) | $139.7K | 10,000 | 0.1% | 11 |
| MIDCAP FINANCIAL INVSTMNT CO | [MFIC](https://holderbook.com/stocks/MFIC/) | $121.0K | 12,000 | 0.1% | 2 |
| FS KKR CAP CORP | [FSK](https://holderbook.com/stocks/FSK/) | $117.2K | 11,164 | 0.1% | 1 |
| CABLE ONE INC | - | $67.5K | 100,000 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +28.8% | +14.8% | +14.0% | 100% |
| Q1 2026 | -9.9% | -4.6% | -5.3% | 100% |
| Q4 2025 | -6.5% | +2.4% | -8.8% | 100% |
| Q3 2025 | -1.1% | +7.8% | -8.9% | 100% |
| Q2 2025 | +12.0% | +10.5% | +1.5% | 101% |
| Q1 2025 | +1.5% | -4.6% | +6.0% | 100% |
| Q4 2024 | +9.6% | +2.1% | +7.5% | 100% |
| Q3 2024 | +2.7% | +5.4% | -2.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $146.6M | 34 |
| Q1 2026 | $111.5M | 37 |
| Q4 2025 | $108.4M | 25 |
| Q3 2025 | $155.8M | 29 |
| Q2 2025 | $156.6M | 23 |
| Q1 2025 | $139.0M | 22 |
| Q4 2024 | $133.4M | 21 |
| Q3 2024 | $115.1M | 22 |
| Q2 2024 | $120.1M | 25 |
| Q1 2024 | $98.0M | 22 |
| Q4 2023 | $91.2M | 27 |