LB Partners LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), LB Partners LLC reported 22 stock positions worth $139.0 million. Its top holding was Wideopenwest (WOW) at 25.9% of the portfolio, followed by Gogo (GOGO, 14.6%) and Millicom Intl Cellular (TIGO, 11.4%). Compared with Q4 2024, it opened 3 new positions, sold out of 2, added to 5 and reduced 1. The biggest buy was Millicom Intl Cellular (TIGO, shares +0%) and the biggest sale Oppfi (OPFI, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTESVILLE, VA
- CIK
- 0002007877
- Portfolio Value
- $139.0M (Q1 2025)
- SEC Filing
- 0001104659-25-040978 ↗ filed Apr 29, 2025
Holdings Value
Holdings 22 stocks · $139.0M
| WOW Wideopenwest Inc. | 25.87% | 7,358,522 | $35.9M | Add +4.1% |
| GOGO Gogo Inc. | 14.60% | 2,363,979 | $20.3M | Add +6.4% |
| TIGO Millicom Intl Cellular S.A. | 11.45% | 520,923 | $15.9M | Add +0.4% |
| RELY Remitly Global Inc. | 8.54% | 573,270 | $11.9M | No change |
| DFS Discover Financial Services | 7.65% | 62,850 | $10.6M | Add +35.6% |
| AXP American Express Co. | 6.16% | 32,000 | $8.6M | No change |
| LBRDK Liberty Broadband-C | 4.76% | 78,075 | $6.6M | No change |
| OPFI Oppfi Inc. | 3.99% | 606,000 | $5.5M | Reduce -28.7% |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 2.60% | 125,802 | $3.6M | No change |
| GOOGL Alphabet Inc. Class A | 2.13% | 19,000 | $3.0M | No change |
| LQDA Liquidia Corp. | 2.12% | 200,000 | $2.9M | No change |
| DBRG Digitalbridge Group Inc. | 2.12% | 335,000 | $2.9M | Add +34.0% |
| GOOG Alphabet Inc. Class C | 1.95% | 17,200 | $2.7M | No change |
| THRY Thryv Holdings Inc. | 1.83% | 199,705 | $2.5M | No change |
| KKR KKR & Co. Inc. | 1.44% | 17,100 | $2.0M | No change |
| IMXI International Money Express | 1.42% | 156,902 | $2.0M | New |
| APP AppLovin Corp. Class A | 0.48% | 2,500 | $666K | New |
| SPGI S&P Global Inc. | 0.28% | 750 | $382K | No change |
| SGOL Abrdn Physical Gold Shares | 0.24% | 11,000 | $329K | No change |
| TFPM Triple Flag Precious Met | 0.20% | 14,913 | $284K | No change |
| BSM Black Stone Minerals LP | 0.11% | 10,000 | $153K | No change |
| MTA Metalla Royalty & Streaming | 0.07% | 36,000 | $103K | New |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| TIGO Millicom Intl Cellular S.A. | Add +0.4% | 11.45% | +1.72 |
| DFS Discover Financial Services | Add +35.6% | 7.65% | +1.63 |
| IMXI International Money Express | New | 1.42% | +1.42 |
| GOGO Gogo Inc. | Add +6.4% | 14.60% | +1.13 |
| APP AppLovin Corp. Class A | New | 0.48% | +0.48 |
| MTA Metalla Royalty & Streaming | New | 0.07% | +0.07 |
| DBRG Digitalbridge Group Inc. | Add +34.0% | 2.12% | +0.00 |
| WOW Wideopenwest Inc. | Add +4.1% | 25.87% | −0.42 |
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 |