LFL Advisers
EVANSTON, ILfiles as LFL Advisers, LLC
$374m in 9 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 5.0% of the portfolio this quarter.
Value
$374m
Stocks
9
Top 10 share
100.0%
Turnover
5.0%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- AonAON12.1% of the fund+8%
- ProgressivePGR10.1% of the fund+23%
Cut
Sold some of their stake.
- Sunbelt Rentals HoldingsSUNB10.8% of the fund-18%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Bank of New York MellonBNY | 17.8% | $67m | 461,485 | Held |
| Lamar AdvertisingLAMR | 13.1% | $49m | 313,640 | Held |
| TE ConnectivityTEL | 12.5% | $47m | 232,769 | Held |
| AonAON | 12.1% | $45m | 136,691 | +8% |
| Sunbelt Rentals HoldingsSUNB | 10.8% | $40m | 539,054 | -18% |
| ProgressivePGR | 10.1% | $38m | 172,599 | +23% |
| AutolivALV | 9.8% | $36m | 314,050 | Held |
| AlphabetGOOG | 9.6% | $36m | 101,128 | Held |
| Berkshire HathawayBRK-B | 4.2% | $16m | 31,691 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 49.5% since 30 June 2025.
Where the money is
Financial services44.3%
Technology23.3%
Real estate13.1%
Retail & consumer9.8%
Media & telecom9.6%
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.