LB Partners LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 1, 2024), LB Partners LLC reported 21 stock positions worth $97.2 million. Its top holding was Wideopenwest (WOW) at 24.0% of the portfolio, followed by Gogo (GOGO, 17.1%) and Millicom Intl Cellular (TIGO, 10.4%). Compared with Q4 2023, it opened 2 new positions, sold out of 8, added to 4 and reduced 4. The biggest buy was Wideopenwest (WOW, shares +117%) and the biggest sale an exit from Remitly Global (RELY).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTESVILLE, VA
- CIK
- 0002007877
- Portfolio Value
- $97.2M (Q1 2024)
- SEC Filing
- 0001104659-24-055705 ↗ filed May 1, 2024
Holdings Value
Holdings 21 stocks · $97.2M
| WOW Wideopenwest Inc. | 24.02% | 6,451,151 | $23.4M | Add +116.8% |
| GOGO Gogo Inc. | 17.12% | 1,895,606 | $16.6M | Add +31.0% |
| TIGO Millicom Intl Cellular S.A. | 10.41% | 500,000 | $10.1M | No change |
| AXP American Express Co. | 7.50% | 32,000 | $7.3M | Reduce -20.0% |
| BABA Alibaba Group Holding-SP ADR | 5.66% | 76,000 | $5.5M | Add +1.3% |
| DFS Discover Financial Services | 5.24% | 38,850 | $5.1M | New |
| LQDA Liquidia Corp. | 4.29% | 282,947 | $4.2M | No change |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 3.97% | 62,901 | $3.9M | No change |
| SPOT Spotify Technology SA | 3.80% | 14,000 | $3.7M | Reduce -44.0% |
| GOOGL Alphabet Inc. Class A | 2.95% | 19,000 | $2.9M | No change |
| LBRDK Liberty Broadband-C | 2.94% | 50,000 | $2.9M | New |
| GOOG Alphabet Inc. Class C | 2.69% | 17,200 | $2.6M | No change |
| BSM Black Stone Minerals LP | 2.45% | 148,800 | $2.4M | Reduce -13.4% |
| OPFI Oppfi Inc. | 2.34% | 909,022 | $2.3M | Add +184.1% |
| KKR KKR & Co. Inc. | 1.77% | 17,100 | $1.7M | No change |
| SD Sandridge Energy Inc. | 1.17% | 78,300 | $1.1M | No change |
| ESTC Elastic NV | 0.77% | 7,500 | $752K | Reduce -25.0% |
| SPGI S&P Global Inc. | 0.33% | 750 | $319K | No change |
| SGOL Abrdn Physical Gold Shares | 0.24% | 11,000 | $234K | No change |
| TFPM Triple Flag Precious Met | 0.22% | 14,913 | $215K | No change |
| MTA Metalla Royalty & Streaming | 0.12% | 36,000 | $112K | No change |
Options reported separately and not counted above: SPROUT SOCIAL INC puts ($817K).
Portfolio Sells Q4 2023 → Q1 2024
| RELY Remitly Global Inc. | Sold out | 0.00% | −6.18 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −4.26 |
| SAVEQ Spirit Airlines Inc. | Sold out | 0.00% | −3.45 |
| OPTU Optimum Communications Inc. Class A | Sold out | 0.00% | −1.79 |
| SPOT Spotify Technology SA | Reduce -44.0% | 3.80% | −1.35 |
| THRY Thryv Holdings Inc. | Sold out | 0.00% | −1.12 |
| AXP American Express Co. | Reduce -20.0% | 7.50% | −0.72 |
| BSM Black Stone Minerals LP | Reduce -13.4% | 2.45% | −0.56 |
| AR Antero Resources Corp. | Sold out | 0.00% | −0.50 |
| ESTC Elastic NV | Reduce -25.0% | 0.77% | −0.46 |
| AGNC AGNC Investment Corp. | Sold out | 0.00% | −0.26 |
| PROSHARES TR | Sold out | 0.00% | −0.19 |
Portfolio Buys Q4 2023 → Q1 2024
Options Activity Q4 2023 → Q1 2024
| SPROUT SOCIAL INC | put | New | 1,923 | $817K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 33 | $146.6M | RELY, NIQ, LPRO, COF, AXP |
| Q1 2026 | 36 | $111.5M | RELY, COF, TIGO, AXP, SPT |
| Q4 2025 | 25 | $108.4M | RELY, COF, TIGO, AXP, LPRO |
| Q3 2025 | 29 | $155.8M | GOGO, WOW, RELY, TIGO, COF |
| Q2 2025 | 23 | $156.6M | GOGO, WOW, TIGO, COF, RELY |
| Q1 2025 | 22 | $139.0M | WOW, GOGO, TIGO, RELY, DFS |
| Q4 2024 | 21 | $133.4M | WOW, GOGO, TIGO, RELY, AXP |
| Q3 2024 | 22 | $115.1M | WOW, GOGO, TIGO, AXP, DFS |
| Q2 2024 | 25 | $120.1M | WOW, GOGO, TIGO, AXP, RELY |
| Q1 2024 | 21 | $97.2M | WOW, GOGO, TIGO, AXP, BABA |