JNE Partners LLP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), JNE Partners LLP reported 7 stock positions worth $234.9 million. Its top holding was Liberty Media Corp.-Liberty-C (LLYVK) at 48.4% of the portfolio, followed by Liberty Broadband-A (LBRDA, 17.1%) and Liberty Media Corp.-Liberty-A (LLYVA, 14.8%). Compared with Q2 2025, it opened 1 new position, sold out of 1, added to 1 and reduced 2. The biggest buy was Liberty Media Corp.-Liberty-A (LLYVA, shares +53%) and the biggest sale Atlanta Braves Holdings in-C (BATRK, shares −83%).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001770120
Portfolio Value
$234.9M (Q3 2025)
SEC Filing
0001172661-25-004909 ↗ filed Nov 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $68.7M Q1 2024 Q2 2024: $65.6M Q2 2024 Q3 2024: $86.0M Q3 2024 Q4 2024: $168.3M Q4 2024 Q1 2025: $191.9M Q1 2025 Q2 2025: $248.6M Q2 2025 Q3 2025: $234.9M $234.9M Q3 2025 Q4 2025: $240.7M Q4 2025 Q1 2026: $244.4M Q1 2026 Q2 2026: $243.2M Q2 2026

Holdings 7 stocks · $234.9M
LLYVK Liberty Media Corp.-Liberty-C 48.42% 1,173,090 $113.8M Reduce -9.8%
LBRDA Liberty Broadband-A 17.12% 635,155 $40.2M No change
LLYVA Liberty Media Corp.-Liberty-A 14.78% 368,121 $34.7M Add +53.3%
BIO Bio-Rad Laboratories-A 10.99% 92,100 $25.8M No change
NIQ Niq Global Intelligence PLC 6.40% 957,394 $15.0M New
BATRK Atlanta Braves Holdings in-C 2.14% 120,955 $5.0M Reduce -83.2%
LBRDK Liberty Broadband-C 0.15% 5,540 $352K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $12K (not counted above)
SecurityClassShares / PrincipalValueChange
MLKWF Waldencast Acq Class A -CW27 *W EXP 07/27/202 333,333$12KNo change

Total filed on the 13F, all lines: $234.9M.

Portfolio Sells Q2 2025 → Q3 2025
BATRK Atlanta Braves Holdings in-C Reduce -83.2% 2.14% −11.42
NG Novagold Resources Inc. Sold out 0.00% −2.15
LLYVK Liberty Media Corp.-Liberty-C Reduce -9.8% 48.42% +5.96

Portfolio Buys Q2 2025 → Q3 2025
LLYVA Liberty Media Corp.-Liberty-A Add +53.3% 14.78% +7.10
NIQ Niq Global Intelligence PLC New 6.40% +6.40

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 5$243.2MLLYVK, LLYVA, NIQ, BIO, LBRDA
Q1 2026 6$244.4MLLYVK, NIQ, LLYVA, LBRDA, BIO
Q4 2025 6$240.7MLLYVK, NIQ, LBRDA, LLYVA, BIO
Q3 2025 7$234.9MLLYVK, LBRDA, LLYVA, BIO, NIQ
Q2 2025 7$248.6MLLYVK, LBRDA, BATRK, BIO, LLYVA
Q1 2025 6$191.9MLLYVK, LBRDA, BATRK, LLYVA, NG
Q4 2024 6$168.3MLLYVK, LBRDA, BATRK, NG, LBRDK
Q3 2024 3$86.0MLLYVK, BATRK, NG
Q2 2024 3$65.6MLLYVK, BATRK, NG
Q1 2024 3$68.7MLLYVK, BATRK, NG