LB Partners
CHARLOTTESVILLE, VAfiles as LB Partners LLC
$147m in 33 US stocks at the end of 30 June 2026. The top 10 are 80.1% of the money. It changed about 24.0% of the portfolio this quarter.
Value
$147m
Stocks
33
Top 10 share
80.1%
Turnover
24.0%
What changed this quarter
New
Bought for the first time this quarter.
- ToastTOST2.9% of the fund
- Factset Research SystemsFDS0.3% of the fund
- FS KKR CapitalFSK<0.1% of the fund
Added
Bought more of a stock they already held.
- NIQ Global IntelligenceNIQ12.3% of the fund+383%
- Micron TechnologyMU4.7% of the fund+50%
- OppFiOPFI4.3% of the fund+27%
- Shift4 PaymentsFOUR3.2% of the fund+220%
- Liberty BroadbandLBRDK2.5% of the fund+509%
- NvidiaNVDA1.1% of the fund+33%
- PayPal HoldingsPYPL0.7% of the fund+13%
- MidCap Financial InvestmentMFIC<0.1% of the fund+20%
Cut
Sold some of their stake.
- Remitly GlobalRELY19.4% of the fund-17%
- Open Lending10.3% of the fund-10%
- Millicom International Cellular SATIGO4.8% of the fund-46%
- Sprout SocialSPT2.5% of the fund-68%
- GogoGOGO1.4% of the fund-15%
Sold out
Sold their entire stake.
- FiservFISV-100%
- GitlabGTLB-100%
- Global PaymentsGPN-100%
- ServiceNowNOW-100%
- Liberty CapitalGLIBK-100%
- Occidental PetroleumOXY-100%
Holdings
- Open Lending
- Share
- 10.3%
- Value
- $15m
- Shares
- 4,850,841
-10%
- Liberty BroadbandLBRDK
- Share
- 2.5%
- Value
- $4m
- Shares
- 110,075
+509%
- PDD HoldingsPDD
- Share
- 1.1%
- Value
- $2m
- Shares
- 22,000
Held
- Triple Flag Precious MetalsTFPM
- Share
- 0.3%
- Value
- $446,943
- Shares
- 14,913
Held
- Etfs Gold TRSGOL
- Share
- 0.3%
- Value
- $420,530
- Shares
- 11,000
Held
- Metalla Royalty & StreamingMTA
- Share
- 0.2%
- Value
- $273,960
- Shares
- 36,000
Held
- Black Stone Minerals L PBSM
- Share
- <0.1%
- Value
- $139,700
- Shares
- 10,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Remitly GlobalRELY | 19.4% | $28m | 1,268,000 | -17% |
| NIQ Global IntelligenceNIQ | 12.3% | $18m | 1,932,168 | +383% |
| Open Lending | 10.3% | $15m | 4,850,841 | -10% |
| Capital One FinancialCOF | 9.6% | $14m | 70,056 | Held |
| American ExpressAXP | 6.9% | $10m | 30,000 | Held |
| Millicom International Cellular SATIGO | 4.8% | $7m | 77,000 | -46% |
| Micron TechnologyMU | 4.7% | $7m | 6,000 | +50% |
| AlphabetGOOGL | 4.6% | $7m | 19,000 | Held |
| OppFiOPFI | 4.3% | $6m | 632,500 | +27% |
| Shift4 PaymentsFOUR | 3.2% | $5m | 96,000 | +220% |
| ToastTOST | 2.9% | $4m | 155,000 | New |
| Liberty BroadbandLBRDK | 2.5% | $4m | 110,075 | +509% |
| Sprout SocialSPT | 2.5% | $4m | 479,733 | -68% |
| AlphabetGOOG | 1.9% | $3m | 8,000 | Held |
| GogoGOGO | 1.4% | $2m | 683,066 | -15% |
| Amazon.comAMZN | 1.3% | $2m | 8,000 | Held |
| PDD HoldingsPDD | 1.1% | $2m | 22,000 | Held |
| NvidiaNVDA | 1.1% | $2m | 8,000 | +33% |
| KKRKKR | 1.1% | $2m | 17,100 | Held |
| BBB FoodsTBBB | 1.0% | $1m | 35,000 | Held |
| PayPal HoldingsPYPL | 0.7% | $971,550 | 22,500 | +13% |
| Triple Flag Precious MetalsTFPM | 0.3% | $446,943 | 14,913 | Held |
| Etfs Gold TRSGOL | 0.3% | $420,530 | 11,000 | Held |
| Devon EnergyDVN | 0.3% | $413,200 | 10,000 | Held |
| Factset Research SystemsFDS | 0.3% | $387,685 | 1,685 | New |
| International Money ExpressIMXI | 0.2% | $332,350 | 23,000 | Held |
| S&P GlobalSPGI | 0.2% | $305,445 | 750 | Held |
| Metalla Royalty & StreamingMTA | 0.2% | $273,960 | 36,000 | Held |
| FRP HoldingsFRPH | 0.2% | $239,454 | 9,582 | Held |
| ChevronCVX | 0.2% | $232,064 | 1,400 | Held |
| Black Stone Minerals L PBSM | <0.1% | $139,700 | 10,000 | Held |
| MidCap Financial InvestmentMFIC | <0.1% | $120,960 | 12,000 | +20% |
| FS KKR CapitalFSK | <0.1% | $117,222 | 11,164 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 6.4% since 30 June 2025.
Where the money is
Technology40.2%
Financial services29.4%
Media & telecom15.3%
Retail & consumer1.3%
Everyday goods1.0%
Energy0.4%
Materials0.2%
Real estate0.2%
Other12.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.