LB Partners LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 29, 2024), LB Partners LLC reported 25 stock positions worth $120.1 million. Its top holding was Wideopenwest (WOW) at 29.7% of the portfolio, followed by Gogo (GOGO, 14.6%) and Millicom Intl Cellular (TIGO, 10.3%). Compared with Q1 2024, it opened 5 new positions, sold out of 1, added to 3 and reduced 4. The biggest buy was Wideopenwest (WOW, shares +2%) and the biggest sale Spotify Technology (SPOT, shares −75%).

Most Recent 13F
Q2 2026
Location
CHARLOTTESVILLE, VA
CIK
0002007877
Portfolio Value
$120.1M (Q2 2024)
SEC Filing
0001104659-24-083613 ↗ filed Jul 29, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $97.2M Q1 2024 Q2 2024: $120.1M $120.1M Q2 2024 Q3 2024: $115.1M Q3 2024 Q4 2024: $133.4M Q4 2024 Q1 2025: $139.0M Q1 2025 Q2 2025: $156.6M Q2 2025 Q3 2025: $155.8M Q3 2025 Q4 2025: $108.4M Q4 2025 Q1 2026: $111.5M Q1 2026 Q2 2026: $146.6M Q2 2026

Holdings 25 stocks · $120.1M
WOW Wideopenwest Inc. 29.67% 6,587,126 $35.6M Add +2.1%
GOGO Gogo Inc. 14.57% 1,820,000 $17.5M Reduce -4.0%
TIGO Millicom Intl Cellular S.A. 10.26% 502,000 $12.3M Add +0.4%
AXP American Express Co. 6.17% 32,000 $7.4M No change
RELY Remitly Global Inc. 4.78% 473,270 $5.7M New
BABA Alibaba Group Holding-SP ADR 4.56% 76,000 $5.5M No change
DFS Discover Financial Services 3.96% 36,350 $4.8M Reduce -6.4%
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 2.99% 125,802 $3.6M No change
GOOGL Alphabet Inc. Class A 2.88% 19,000 $3.5M No change
LQDA Liquidia Corp. 2.83% 282,947 $3.4M No change
GOOG Alphabet Inc. Class C 2.63% 17,200 $3.2M No change
OPFI Oppfi Inc. 2.60% 920,970 $3.1M Add +1.3%
LBRDK Liberty Broadband-C 2.28% 50,000 $2.7M No change
PTON Peloton Interactive Inc. Class A 1.67% 595,014 $2.0M New
BSM Black Stone Minerals LP 1.55% 119,000 $1.9M Reduce -20.0%
KKR KKR & Co. Inc. 1.50% 17,100 $1.8M No change
COF Capital One Financial Corp. 1.04% 9,000 $1.2M New
TH Target Hospitality Corp. 0.97% 134,000 $1.2M New
SPOT Spotify Technology SA 0.91% 3,500 $1.1M Reduce -75.0%
SD Sandridge Energy Inc. 0.84% 78,300 $1.0M No change
SPT Sprout Social Inc. Class A 0.59% 20,000 $714K New
SPGI S&P Global Inc. 0.28% 750 $335K No change
SGOL Abrdn Physical Gold Shares 0.20% 11,000 $244K No change
TFPM Triple Flag Precious Met 0.19% 14,913 $231K No change
MTA Metalla Royalty & Streaming 0.08% 36,000 $100K No change

Portfolio Sells Q1 2024 → Q2 2024
SPOT Spotify Technology SA Reduce -75.0% 0.91% −2.89
GOGO Gogo Inc. Reduce -4.0% 14.57% −2.55
DFS Discover Financial Services Reduce -6.4% 3.96% −1.28
BSM Black Stone Minerals LP Reduce -20.0% 1.55% −0.89
ESTC Elastic NV Sold out 0.00% −0.77

Portfolio Buys Q1 2024 → Q2 2024
WOW Wideopenwest Inc. Add +2.1% 29.67% +5.64
RELY Remitly Global Inc. New 4.78% +4.78
PTON Peloton Interactive Inc. Class A New 1.67% +1.67
COF Capital One Financial Corp. New 1.04% +1.04
TH Target Hospitality Corp. New 0.97% +0.97
SPT Sprout Social Inc. Class A New 0.59% +0.59
OPFI Oppfi Inc. Add +1.3% 2.60% +0.26
TIGO Millicom Intl Cellular S.A. Add +0.4% 10.26% −0.15

Options Activity Q1 2024 → Q2 2024
SPROUT SOCIAL INC put Sold out 1,923 $817Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 33$146.6MRELY, NIQ, LPRO, COF, AXP
Q1 2026 36$111.5MRELY, COF, TIGO, AXP, SPT
Q4 2025 25$108.4MRELY, COF, TIGO, AXP, LPRO
Q3 2025 29$155.8MGOGO, WOW, RELY, TIGO, COF
Q2 2025 23$156.6MGOGO, WOW, TIGO, COF, RELY
Q1 2025 22$139.0MWOW, GOGO, TIGO, RELY, DFS
Q4 2024 21$133.4MWOW, GOGO, TIGO, RELY, AXP
Q3 2024 22$115.1MWOW, GOGO, TIGO, AXP, DFS
Q2 2024 25$120.1MWOW, GOGO, TIGO, AXP, RELY
Q1 2024 21$97.2MWOW, GOGO, TIGO, AXP, BABA