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LB Partners LLC: 13F holdings, Q2 2026

Hedge fund · SEC EDGAR filings (CIK 2007877) · Explore on the interactive board

LB Partners LLC disclosed 34 US equity positions worth $146.6m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed July 30, 2026). Its largest position is RELY at 19.4% of the reported book, followed by NIQ, OPEN LENDING CORP. The top ten holdings are 80.1% of the book, and the portfolio behaves like about 11 equal-weight positions. Versus the prior filing it opened 3 new positions, added to 8, reduced 5 and exited 6. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.

This manager's most recent filing is 3934 quarter(s) behind the newest quarter on file. Treat these figures as history, not current positioning.
$146.6mreported US equity book
34positions
19.4%largest position
80.1%top 10 weight
11.09effective positions (1/HHI)
2quarters on file since Q1 2026

What does LB Partners LLC own? Top holdings as of June 30, 2026

Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 3 new, 8 added, 5 reduced, 6 exited.

#StockSectorWeightValueSharesΔ sharesAction
1 RELY REMITLY GLOBAL INC Technology 19.4%$28.4m1,268,000 -17% reduced
2 NIQ NIQ GLOBAL INTELLIGENCE PLC 12.3%$18.1m1,932,168 383% added
3 OPEN LENDING CORP 10.3%$15.1m4,850,841 -10% reduced
4 COF CAPITAL ONE FINL CORP Financial Services 9.6%$14.1m70,056 0% held
5 AXP AMERICAN EXPRESS CO Financial Services 6.9%$10.1m30,000 0% held
6 TIGO MILLICOM INTL CELLULAR S A Communication Services 4.8%$7.0m77,000 -46% reduced
7 MU MICRON TECHNOLOGY INC Technology 4.7%$6.9m6,000 50% added
8 GOOGL ALPHABET INC Communication Services 4.6%$6.8m19,000 0% held
9 OPFI OPPFI INC Financial Services 4.3%$6.3m632,500 26% added
10 FOUR SHIFT4 PMTS INC Technology 3.2%$4.7m96,000 220% added
11 TOST TOAST INC Technology 2.9%$4.3m155,000 new
12 8L8C LIBERTY BROADBAND CORP 2.5%$3.7m110,075 509% added
13 SPT SPROUT SOCIAL INC Technology 2.5%$3.6m479,733 -68% reduced
14 GOOG ALPHABET INC Communication Services 1.9%$2.8m8,000 0% held
15 GOGO GOGO INC Communication Services 1.4%$2.1m683,066 -15% reduced
16 AMZN AMAZON COM INC Consumer Cyclical 1.3%$1.9m8,000 0% held
17 PDD PDD HOLDINGS INC Consumer Cyclical 1.1%$1.7m22,000 0% held
18 NVDA NVIDIA CORPORATION Technology 1.1%$1.6m8,000 33% added
19 KKR KKR & CO INC Financial Services 1.1%$1.6m17,100 0% held
20 TBBB BBB FOODS INC Consumer Defensive 1.0%$1.5m35,000 0% held
21 PYPL PAYPAL HLDGS INC Financial Services 0.7%$971.5k22,500 12% added
22 TFPM TRIPLE FLAG PRECIOUS METAL Basic Materials 0.3%$446.9k14,913 0% held
23 SGOL ETFS GOLD TR 0.3%$420.5k11,000 0% held
24 DVN DEVON ENERGY CORP NEW Energy 0.3%$413.2k10,000 0% held
25 FDS FACTSET RESH SYS INC Financial Services 0.3%$387.7k1,685 new
26 IMXI INTERNATIONAL MONEY EXPRESS Technology 0.2%$332.4k23,000 0% held
27 SPGI S&P GLOBAL INC Financial Services 0.2%$305.4k750 0% held
28 MTA METALLA RTY & STREAMING LTD 0.2%$274.0k36,000 0% held
29 FRPH FRP HLDGS INC Real Estate 0.2%$239.5k9,582 0% held
30 CVX CHEVRON CORPORATION Energy 0.2%$232.1k1,400 0% held
31 BSM BLACK STONE MINERALS L P 0.1%$139.7k10,000 0% held
32 MFIC MIDCAP FINANCIAL INVSTMNT CO 0.1%$121.0k12,000 20% added
33 FSK FS KKR CAP CORP 0.1%$117.2k11,164 new
34 CABLE ONE INC 0.0%$67.5k100,000 0% held

What did LB Partners LLC sell? Positions exited since the previous filing

StockPrior weightPrior value
FISV FISERV INC31.9%$1.5m
GTLB GITLAB INC27.5%$1.3m
GPN GLOBAL PMTS INC14.2%$673.0k
NOW SERVICENOW INC13.3%$627.3k
GLIBK GCI LIBERTY INC8.5%$402.4k
OXY OCCIDENTAL PETE CORP4.7%$221.0k

Sector mix

SectorWeight
Technology34.0%
Financial Services23.0%
Communication Services12.8%
Consumer Cyclical2.4%
Consumer Defensive1.0%
Energy0.4%

Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.

Filing history

QuarterPositionsEquity value
Q2 202634$146.6m
Q1 202637$111.5m

How concentrated is LB Partners LLC's portfolio?

Across every quarter LB Partners LLC has filed, its median largest position is 20.4% of the book and its median top-ten weight is 79.9%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 6.0 completed holding spells, the median lasted 1.0 quarters; 34.0 positions are still open and their final length is unknown.