LB Partners LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 21, 2024), LB Partners LLC reported 22 stock positions worth $115.1 million. Its top holding was Wideopenwest (WOW) at 30.3% of the portfolio, followed by Gogo (GOGO, 12.8%) and Millicom Intl Cellular (TIGO, 12.1%). Compared with Q2 2024, it opened 3 new positions, sold out of 6, added to 5 and reduced 2. The biggest buy was Target Hospitality (TH, shares +300%) and the biggest sale an exit from Alibaba Group Holding-SP ADR (BABA).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTESVILLE, VA
- CIK
- 0002007877
- Portfolio Value
- $115.1M (Q3 2024)
- SEC Filing
- 0001104659-24-110158 ↗ filed Oct 21, 2024
Holdings Value
Holdings 22 stocks · $115.1M
| WOW Wideopenwest Inc. | 30.32% | 6,648,803 | $34.9M | Add +0.9% |
| GOGO Gogo Inc. | 12.75% | 2,045,000 | $14.7M | Add +12.4% |
| TIGO Millicom Intl Cellular S.A. | 12.06% | 511,923 | $13.9M | Add +2.0% |
| AXP American Express Co. | 7.54% | 32,000 | $8.7M | No change |
| DFS Discover Financial Services | 5.65% | 46,350 | $6.5M | Add +27.5% |
| RELY Remitly Global Inc. | 5.50% | 473,270 | $6.3M | No change |
| OPFI Oppfi Inc. | 3.78% | 920,970 | $4.4M | No change |
| TH Target Hospitality Corp. | 3.62% | 536,428 | $4.2M | Add +300.3% |
| LBRDK Liberty Broadband-C | 3.36% | 50,000 | $3.9M | No change |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 3.26% | 125,802 | $3.8M | No change |
| GOOGL Alphabet Inc. Class A | 2.74% | 19,000 | $3.2M | No change |
| GOOG Alphabet Inc. Class C | 2.50% | 17,200 | $2.9M | No change |
| KKR KKR & Co. Inc. | 1.94% | 17,100 | $2.2M | No change |
| LQDA Liquidia Corp. | 1.74% | 200,000 | $2.0M | Reduce -29.3% |
| ESTC Elastic NV | 1.00% | 15,000 | $1.2M | New |
| OKTA Okta Inc. | 0.97% | 15,000 | $1.1M | New |
| SPGI S&P Global Inc. | 0.34% | 750 | $387K | No change |
| CXM Sprinklr Inc. Class A | 0.26% | 39,288 | $304K | New |
| SGOL Abrdn Physical Gold Shares | 0.24% | 11,000 | $276K | No change |
| TFPM Triple Flag Precious Met | 0.21% | 14,913 | $241K | No change |
| BSM Black Stone Minerals LP | 0.13% | 10,000 | $151K | Reduce -91.6% |
| MTA Metalla Royalty & Streaming | 0.10% | 36,000 | $111K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −4.56 |
| PTON Peloton Interactive Inc. Class A | Sold out | 0.00% | −1.67 |
| BSM Black Stone Minerals LP | Reduce -91.6% | 0.13% | −1.42 |
| LQDA Liquidia Corp. | Reduce -29.3% | 1.74% | −1.09 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −1.04 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.91 |
| SD Sandridge Energy Inc. | Sold out | 0.00% | −0.84 |
| SPT Sprout Social Inc. Class A | Sold out | 0.00% | −0.59 |
Portfolio Buys Q2 2024 → Q3 2024
| TH Target Hospitality Corp. | Add +300.3% | 3.62% | +2.65 |
| TIGO Millicom Intl Cellular S.A. | Add +2.0% | 12.06% | +1.80 |
| DFS Discover Financial Services | Add +27.5% | 5.65% | +1.69 |
| ESTC Elastic NV | New | 1.00% | +1.00 |
| OKTA Okta Inc. | New | 0.97% | +0.97 |
| WOW Wideopenwest Inc. | Add +0.9% | 30.32% | +0.65 |
| CXM Sprinklr Inc. Class A | New | 0.26% | +0.26 |
| GOGO Gogo Inc. | Add +12.4% | 12.75% | −1.82 |
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 |