Makaira Partners LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Makaira Partners LLC reported 10 stock positions worth $828.7 million. Its top holding was Progressive (PGR) at 18.6% of the portfolio, followed by Bath & Body Works (BBWI, 14.9%) and CDW (CDW, 13.7%). Compared with Q4 2023, it opened 1 new position, sold out of 1, added to 5 and reduced 4. The biggest buy was Charter Communications Class A (CHTR, shares +135%) and the biggest sale Liberty Broadband-C (LBRDK, shares −55%).

Most Recent 13F
Q1 2026
Location
LA JOLLA, CA
CIK
0001540866
Portfolio Value
$828.7M (Q1 2024)
SEC Filing
0001540866-24-000003 ↗ filed May 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $828.7M $828.7M Q1 2024 Q2 2024: $771.0M Q2 2024 Q3 2024: $777.7M Q3 2024 Q4 2024: $641.1M Q4 2024 Q1 2025: $298.2M Q1 2025 Q2 2025: $328.7M Q2 2025 Q3 2025: $194.7M Q3 2025 Q4 2025: $127.9M Q4 2025 Q1 2026: $0 Q1 2026

Holdings 10 stocks · $828.7M
PGR Progressive Corp. 18.55% 743,315 $153.7M Reduce -6.9%
BBWI Bath & Body Works Inc. 14.93% 2,474,352 $123.8M Reduce -8.3%
CDW CDW Corp. 13.69% 443,504 $113.4M Reduce -18.7%
CHTR Charter Communications Inc. Class A 13.36% 380,922 $110.7M Add +135.2%
LAMR Lamar Advertising Co. Class A 13.27% 921,092 $110.0M Add +7.0%
KMX Carmax Inc. 12.33% 1,172,755 $102.2M Add +7.0%
DPZ Domino's Pizza Inc. 10.25% 170,991 $85.0M Add +7.0%
LBRDK Liberty Broadband-C 2.93% 423,914 $24.3M Reduce -54.7%
WHD Cactus Inc. Class A 0.60% 100,000 $5.0M New
HEI.A Heico Corp. Class A 0.09% 4,674 $720K Add +10.1%

Portfolio Sells Q4 2023 → Q1 2024
LBRDK Liberty Broadband-C Reduce -54.7% 2.93% −7.01
CDW CDW Corp. Reduce -18.7% 13.69% −2.65
ZBRA Zebra Technologies Corp. Class A Sold out 0.00% −1.45
BBWI Bath & Body Works Inc. Reduce -8.3% 14.93% −0.41
PGR Progressive Corp. Reduce -6.9% 18.55% +1.80

Portfolio Buys Q4 2023 → Q1 2024
CHTR Charter Communications Inc. Class A Add +135.2% 13.36% +5.07
DPZ Domino's Pizza Inc. Add +7.0% 10.25% +1.58
KMX Carmax Inc. Add +7.0% 12.33% +1.25
LAMR Lamar Advertising Co. Class A Add +7.0% 13.27% +1.22
WHD Cactus Inc. Class A New 0.60% +0.60
HEI.A Heico Corp. Class A Add +10.1% 0.09% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2026 0$0
Q4 2025 11$127.9MCHTR, DPZ, LAMR, BBWI, CDW
Q3 2025 12$194.7MCHTR, BBWI, LAMR, FLUT, DPZ
Q2 2025 13$328.7MCHTR, BBWI, FLUT, DPZ, CDW
Q1 2025 13$298.2MCHTR, BBWI, DPZ, LAMR, CDW
Q4 2024Amended 12$641.1MCHTR, BBWI, PGR, CDW, LAMR
Q3 2024 12$777.7MPGR, CHTR, LAMR, CDW, BBWI
Q2 2024 11$771.0MPGR, CHTR, LAMR, BBWI, CDW
Q1 2024 10$828.7MPGR, BBWI, CDW, CHTR, LAMR