LFL Advisers, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), LFL Advisers, LLC reported 8 stock positions worth $304.8 million. Its top holding was Bank of New York Mellon (BNY) at 17.6% of the portfolio, followed by Te Connectivity (TEL, 17.5%) and Alphabet Class C (GOOG, 13.4%). Compared with Q3 2025, it added to 7 and reduced 1. The biggest buy was Alphabet Class C (GOOG, shares +3%) and the biggest sale Te Connectivity (TEL, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- EVANSTON, IL
- CIK
- 0001694127
- Portfolio Value
- $304.8M (Q4 2025)
- SEC Filing
- 0001694127-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 8 stocks · $304.8M
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 17.62% | 462,626 | $53.7M | Add +2.8% |
| TEL Te Connectivity PLC | 17.46% | 233,887 | $53.2M | Reduce -8.4% |
| GOOG Alphabet Inc. Class C | 13.44% | 130,579 | $41.0M | Add +2.8% |
| LAMR Lamar Advertising Co. Class A | 12.80% | 308,335 | $39.0M | Add +0.9% |
| ALV Autoliv Inc. | 12.25% | 314,507 | $37.3M | Add +2.8% |
| AON Aon PLC Class A | 10.73% | 92,657 | $32.7M | Add +2.8% |
| PGR Progressive Corp. | 10.48% | 140,272 | $31.9M | Add +15.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.23% | 31,693 | $15.9M | Add +2.8% |
Portfolio Sells Q3 2025 → Q4 2025
| TEL Te Connectivity PLC | Reduce -8.4% | 17.46% | −1.96 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Add +2.8% | 13.44% | +2.73 |
| BNY Bank of New York Mellon Corp. | Add +2.8% | 17.62% | +0.64 |
| PGR Progressive Corp. | Add +15.7% | 10.48% | +0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.8% | 5.23% | −0.14 |
| LAMR Lamar Advertising Co. Class A | Add +0.9% | 12.80% | −0.15 |
| AON Aon PLC Class A | Add +2.8% | 10.73% | −0.40 |
| ALV Autoliv Inc. | Add +2.8% | 12.25% | −0.84 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 9 | $374.0M | BNY, LAMR, TEL, AON, SUNB |
| Q1 2026 | 9 | $332.4M | BNY, TEL, SUNB, AON, LAMR |
| Q4 2025 | 8 | $304.8M | BNY, TEL, GOOG, LAMR, ALV |
| Q3 2025 | 8 | $288.9M | TEL, BNY, ALV, LAMR, AON |
| Q2 2025 | 8 | $250.2M | TEL, BNY, LAMR, ALV, PGR |
| Q1 2025 | 8 | $228.6M | BNY, TEL, AON, LAMR, PGR |
| Q4 2024 | 9 | $256.7M | LAMR, TEL, BNY, AON, PGR |
| Q3 2024 | 10 | $279.0M | CDW, LAMR, TEL, BNY, AON |
| Q2 2024 | 11 | $254.1M | CDW, TEL, LAMR, ALV, BNY |
| Q1 2024 | 11 | $277.0M | CDW, TEL, ALV, LAMR, AON |