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LB Partners LLC

CIK:0002007877
Investment Adviser
$215M AUM
23 holdings
Charlottesville, VA, US
Founded:2022
2 employees
Latest filing:Jun 30, 2025

LB Partners LLC is a U.S.-based investment adviser headquartered in Charlottesville, Virginia. The firm appears focused on managing investment partnerships and acts as the investment manager for various funds, including LB M3 Partners LP, LB Rule One Partners LP, and LB Day Zero Partners LP. While the exact founding year is not specified in filings, the firm is small, with two employees, and primarily serves institutional and high-net-worth clients.

Investment Strategy

LB Partners LLC manages portfolios with a value-oriented and opportunistic investment approach, as evidenced by their concentrated portfolio of publicly traded equities in industries such as communications, technology, financials, and consumer services. The firm tends to invest across a relatively small number of positions, focusing on both value and growth opportunities where it can exert influence or capitalize on mispricings. Their 13F filings suggest a focus on US-listed equities, especially in sectors undergoing transformation or with potential for restructuring or strategic corporate events.

Latest 13F Filing Activity

LB Partners LLC filed their most recent 13F report on Jun 30, 2025 disclosing 23 equity positions with a total 13F market value of $157M. The fund increased holdings in Gogo Inc., Capital One Finl Corp., Open Lending Corp. among other positions. LB Partners LLC reduced exposure to Discover Finl SVCS, Wideopenwest Inc., Liberty Broadband Corp. among others.

Top Buys
G
GOGOGOGO INC
+$16.2M
C
COFCAPITAL ONE FINL CORP
+$13.6M
L
LPROOPEN LENDING CORP
+$9.8M
A
AMZNAMAZON COM INC
+$1.8M
O
OPFIOPPFI INC
+$1.7M
Top Sells
D
DFSDISCOVER FINL SVCS
-$10.6M
W
WOWWIDEOPENWEST INC
-$8.7M
L
LBRDKLIBERTY BROADBAND CORP
-$2.9M
F
FRPHFRP HLDGS INC
-$1.5M
G
GOOGALPHABET INC
-$1.3M

Top Holdings

G
GOGOGOGO INC
+23.3%$36.5M
W
WOWWIDEOPENWEST INC
+17.4%$27.2M
T
TIGOMILLICOM INTL CELLULAR S A
+9.6%$15.1M
C
COFCAPITAL ONE FINL CORP
+8.7%$13.6M
R
RELYREMITLY GLOBAL INC
+7.6%$11.9M

Equity Positions (23)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
GOGO INC23.28%$36.5M2,483,979$9.55$14.68+$16.2M
WIDEOPENWEST INC17.40%$27.2M6,711,471$3.98$4.06-$8.7M
MILLICOM INTL CELLULAR S A9.62%$15.1M402,000$18.34$37.47-$843.9K
CAPITAL ONE FINL CORP8.70%$13.6M64,056$212.76$212.76+$13.6M
REMITLY GLOBAL INC7.59%$11.9M633,270$14.36$18.77+$19.8K

Industry Allocation

COMMUNICATIONS SERVICES, NEC
+17.8%
CABLE & OTHER PAY TELEVISION SERVICES
+14.4%
SERVICES-BUSINESS SERVICES, NEC
+12.0%
FINANCE SERVICES
+10.5%
RADIOTELEPHONE COMMUNICATIONS
+9.7%