LB Partners LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), LB Partners LLC reported 29 stock positions worth $155.8 million. Its top holding was Gogo (GOGO) at 17.8% of the portfolio, followed by Wideopenwest (WOW, 12.8%) and Remitly Global (RELY, 10.6%). Compared with Q2 2025, it opened 5 new positions, added to 3 and reduced 3. The biggest buy was Remitly Global (RELY, shares +60%) and the biggest sale Wideopenwest (WOW, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTESVILLE, VA
- CIK
- 0002007877
- Portfolio Value
- $155.8M (Q3 2025)
- SEC Filing
- 0001104659-25-104810 ↗ filed Oct 31, 2025
Holdings Value
Holdings 29 stocks · $155.8M
| GOGO Gogo Inc. | 17.80% | 3,228,979 | $27.7M | Add +30.0% |
| WOW Wideopenwest Inc. | 12.84% | 3,877,126 | $20.0M | Reduce -42.2% |
| RELY Remitly Global Inc. | 10.63% | 1,015,584 | $16.6M | Add +60.4% |
| TIGO Millicom Intl Cellular S.A. | 9.72% | 312,000 | $15.1M | Reduce -22.4% |
| COF Capital One Financial Corp. | 8.74% | 64,056 | $13.6M | No change |
| LPRO Open Lending Corp. | 6.84% | 5,050,841 | $10.7M | No change |
| AXP American Express Co. | 6.82% | 32,000 | $10.6M | No change |
| OPFI Oppfi Inc. | 3.64% | 500,000 | $5.7M | Reduce -3.9% |
| GOOGL Alphabet Inc. Class A | 2.96% | 19,000 | $4.6M | No change |
| LQDA Liquidia Corp. | 2.92% | 200,000 | $4.5M | No change |
| NIQ Niq Global Intelligence PLC | 1.96% | 194,700 | $3.1M | New |
| THRY Thryv Holdings Inc. | 1.93% | 249,705 | $3.0M | No change |
| DBRG Digitalbridge Group Inc. | 1.58% | 210,000 | $2.5M | No change |
| SPT Sprout Social Inc. Class A | 1.58% | 190,000 | $2.5M | New |
| LBRDK Liberty Broadband-C | 1.55% | 38,075 | $2.4M | No change |
| KKR KKR & Co. Inc. | 1.43% | 17,100 | $2.2M | No change |
| IMXI International Money Express | 1.28% | 143,000 | $2.0M | Add +10.0% |
| GOOG Alphabet Inc. Class C | 1.25% | 8,000 | $1.9M | No change |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 1.24% | 79,582 | $1.9M | No change |
| AMZN Amazon.com Inc. | 1.13% | 8,000 | $1.8M | No change |
| GTLB Gitlab Inc. Class A | 0.61% | 20,932 | $944K | New |
| AMRZ Amrize Ltd. | 0.31% | 10,000 | $485K | New |
| TFPM Triple Flag Precious Met | 0.28% | 14,913 | $436K | No change |
| SGOL Abrdn Physical Gold Shares | 0.26% | 11,000 | $405K | No change |
| SPGI S&P Global Inc. | 0.23% | 750 | $365K | No change |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 0.18% | 7,615 | $284K | No change |
| MTA Metalla Royalty & Streaming | 0.15% | 36,000 | $229K | No change |
| BSM Black Stone Minerals LP | 0.08% | 10,000 | $131K | No change |
| WU Western Union Co. | 0.05% | 10,000 | $80K | New |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
| RELY Remitly Global Inc. | Add +60.4% | 10.63% | +3.04 |
| NIQ Niq Global Intelligence PLC | New | 1.96% | +1.96 |
| SPT Sprout Social Inc. Class A | New | 1.58% | +1.58 |
| GTLB Gitlab Inc. Class A | New | 0.61% | +0.61 |
| IMXI International Money Express | Add +10.0% | 1.28% | +0.44 |
| AMRZ Amrize Ltd. | New | 0.31% | +0.31 |
| WU Western Union Co. | New | 0.05% | +0.05 |
| GOGO Gogo Inc. | Add +30.0% | 17.80% | −5.48 |
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 |