LB Partners LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 24, 2025), LB Partners LLC reported 21 stock positions worth $133.4 million. Its top holding was Wideopenwest (WOW) at 26.3% of the portfolio, followed by Gogo (GOGO, 13.5%) and Millicom Intl Cellular (TIGO, 9.7%). Compared with Q3 2024, it opened 2 new positions, sold out of 3, added to 5 and reduced 2. The biggest buy was Remitly Global (RELY, shares +21%) and the biggest sale an exit from Target Hospitality (TH).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTESVILLE, VA
- CIK
- 0002007877
- Portfolio Value
- $133.4M (Q4 2024)
- SEC Filing
- 0001104659-25-005876 ↗ filed Jan 24, 2025
Holdings Value
Holdings 21 stocks · $133.4M
| WOW Wideopenwest Inc. | 26.29% | 7,069,844 | $35.1M | Add +6.3% |
| GOGO Gogo Inc. | 13.47% | 2,221,092 | $18.0M | Add +8.6% |
| TIGO Millicom Intl Cellular S.A. | 9.73% | 518,923 | $13.0M | Add +1.4% |
| RELY Remitly Global Inc. | 9.70% | 573,270 | $12.9M | Add +21.1% |
| AXP American Express Co. | 7.12% | 32,000 | $9.5M | No change |
| DFS Discover Financial Services | 6.02% | 46,350 | $8.0M | No change |
| OPFI Oppfi Inc. | 4.88% | 850,000 | $6.5M | Reduce -7.7% |
| LBRDK Liberty Broadband-C | 4.38% | 78,075 | $5.8M | Add +56.1% |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 2.89% | 125,802 | $3.9M | No change |
| GOOGL Alphabet Inc. Class A | 2.70% | 19,000 | $3.6M | No change |
| GOOG Alphabet Inc. Class C | 2.46% | 17,200 | $3.3M | No change |
| THRY Thryv Holdings Inc. | 2.22% | 199,705 | $3.0M | New |
| DBRG Digitalbridge Group Inc. | 2.11% | 250,000 | $2.8M | New |
| KKR KKR & Co. Inc. | 1.90% | 17,100 | $2.5M | No change |
| LQDA Liquidia Corp. | 1.76% | 200,000 | $2.4M | No change |
| OKTA Okta Inc. | 0.89% | 15,000 | $1.2M | No change |
| ESTC Elastic NV | 0.74% | 10,000 | $991K | Reduce -33.3% |
| SPGI S&P Global Inc. | 0.28% | 750 | $374K | No change |
| SGOL Abrdn Physical Gold Shares | 0.21% | 11,000 | $276K | No change |
| TFPM Triple Flag Precious Met | 0.17% | 14,913 | $224K | No change |
| BSM Black Stone Minerals LP | 0.11% | 10,000 | $146K | No change |
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
| RELY Remitly Global Inc. | Add +21.1% | 9.70% | +4.20 |
| THRY Thryv Holdings Inc. | New | 2.22% | +2.22 |
| DBRG Digitalbridge Group Inc. | New | 2.11% | +2.11 |
| LBRDK Liberty Broadband-C | Add +56.1% | 4.38% | +1.02 |
| GOGO Gogo Inc. | Add +8.6% | 13.47% | +0.72 |
| TIGO Millicom Intl Cellular S.A. | Add +1.4% | 9.73% | −2.33 |
| WOW Wideopenwest Inc. | Add +6.3% | 26.29% | −4.03 |
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 |