LFL Advisers, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), LFL Advisers, LLC reported 9 stock positions worth $374.0 million. Its top holding was Bank of New York Mellon (BNY) at 17.8% of the portfolio, followed by Lamar Advertising Class A (LAMR, 13.1%) and Te Connectivity (TEL, 12.5%). Compared with Q1 2026, it added to 3 and reduced 6. The biggest buy was Progressive (PGR, shares +23%) and the biggest sale Te Connectivity (TEL, shares −1%).

Most Recent 13F
Q2 2026
Location
EVANSTON, IL
CIK
0001694127
Portfolio Value
$374.0M (Q2 2026)
SEC Filing
0001694127-26-000003 ↗ filed Aug 14, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $277.0M Q1 2024 Q2 2024: $254.1M Q2 2024 Q3 2024: $279.0M Q3 2024 Q4 2024: $256.7M Q4 2024 Q1 2025: $228.6M Q1 2025 Q2 2025: $250.2M Q2 2025 Q3 2025: $288.9M Q3 2025 Q4 2025: $304.8M Q4 2025 Q1 2026: $332.4M Q1 2026 Q2 2026: $374.0M $374.0M Q2 2026

Holdings 9 stocks · $374.0M
BNY Bank of New York Mellon Corp. 17.84% 461,485 $66.7M Add +0.4%
LAMR Lamar Advertising Co. Class A 13.08% 313,640 $48.9M Reduce -0.8%
TEL Te Connectivity PLC 12.55% 232,769 $46.9M Reduce -0.5%
AON Aon PLC Class A 12.12% 136,691 $45.3M Add +7.9%
SUNB Sunbelt Rentals Holdings Inc. 10.78% 539,054 $40.3M Reduce -18.3%
PGR Progressive Corp. 10.08% 172,599 $37.7M Add +22.6%
ALV Autoliv Inc. 9.75% 314,050 $36.5M Reduce -0.3%
GOOG Alphabet Inc. Class C 9.55% 101,128 $35.7M Reduce -0.3%
BRK.B Berkshire Hathaway Inc. Class B 4.24% 31,691 $15.9M Reduce -0.3%

Portfolio Sells Q1 2026 → Q2 2026
TEL Te Connectivity PLC Reduce -0.5% 12.55% −2.17
SUNB Sunbelt Rentals Holdings Inc. Reduce -18.3% 10.78% −2.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.3% 4.24% −0.34
ALV Autoliv Inc. Reduce -0.3% 9.75% −0.21
GOOG Alphabet Inc. Class C Reduce -0.3% 9.55% +0.80
LAMR Lamar Advertising Co. Class A Reduce -0.8% 13.08% +1.03

Portfolio Buys Q1 2026 → Q2 2026
PGR Progressive Corp. Add +22.6% 10.08% +1.69
BNY Bank of New York Mellon Corp. Add +0.4% 17.84% +1.44
AON Aon PLC Class A Add +7.9% 12.12% −0.18

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$374.0MBNY, LAMR, TEL, AON, SUNB
Q1 2026 9$332.4MBNY, TEL, SUNB, AON, LAMR
Q4 2025 8$304.8MBNY, TEL, GOOG, LAMR, ALV
Q3 2025 8$288.9MTEL, BNY, ALV, LAMR, AON
Q2 2025 8$250.2MTEL, BNY, LAMR, ALV, PGR
Q1 2025 8$228.6MBNY, TEL, AON, LAMR, PGR
Q4 2024 9$256.7MLAMR, TEL, BNY, AON, PGR
Q3 2024 10$279.0MCDW, LAMR, TEL, BNY, AON
Q2 2024 11$254.1MCDW, TEL, LAMR, ALV, BNY
Q1 2024 11$277.0MCDW, TEL, ALV, LAMR, AON