Makaira Partners LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 26, 2025), Makaira Partners LLC reported 12 stock positions worth $641.1 million. Its top holding was Charter Communications Class A (CHTR) at 20.0% of the portfolio, followed by Bath & Body Works (BBWI, 13.7%) and Progressive (PGR, 12.3%). Compared with Q3 2024, it added to 1 and reduced 10. The biggest buy was Charter Communications Class A (CHTR, shares +4%) and the biggest sale Progressive (PGR, shares −45%).
- Most Recent 13F
- Q1 2026
- Location
- LA JOLLA, CA
- CIK
- 0001540866
- Portfolio Value
- $641.1M (Q4 2024)
- SEC Filing
- 0001540866-25-000003 ↗ filed Feb 26, 2025
Holdings Value
Holdings 12 stocks · $641.1M
| CHTR Charter Communications Inc. Class A | 19.95% | 373,191 | $127.9M | Add +4.0% |
| BBWI Bath & Body Works Inc. | 13.68% | 2,262,506 | $87.7M | Reduce -1.8% |
| PGR Progressive Corp. | 12.31% | 329,243 | $78.9M | Reduce -45.5% |
| CDW CDW Corp. | 10.39% | 382,798 | $66.6M | Reduce -0.5% |
| LAMR Lamar Advertising Co. Class A | 10.07% | 530,483 | $64.6M | Reduce -26.2% |
| DPZ Domino's Pizza Inc. | 9.06% | 138,439 | $58.1M | Reduce -13.0% |
| FLUT Flutter Entertainment PLC-Di | 8.00% | 198,435 | $51.3M | Reduce -0.4% |
| KMX Carmax Inc. | 7.13% | 559,384 | $45.7M | Reduce -17.0% |
| WHD Cactus Inc. Class A | 4.02% | 441,964 | $25.8M | Reduce -8.1% |
| SVV Savers Value Village Inc. | 3.28% | 2,053,930 | $21.1M | Reduce -10.3% |
| LBRDK Liberty Broadband-C | 1.96% | 167,681 | $12.5M | Reduce -56.9% |
| HEI.A Heico Corp. Class A | 0.13% | 4,477 | $833K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| PGR Progressive Corp. | Reduce -45.5% | 12.31% | −7.39 |
| LAMR Lamar Advertising Co. Class A | Reduce -26.2% | 10.07% | −2.28 |
| LBRDK Liberty Broadband-C | Reduce -56.9% | 1.96% | −1.91 |
| CDW CDW Corp. | Reduce -0.5% | 10.39% | −0.80 |
| SVV Savers Value Village Inc. | Reduce -10.3% | 3.28% | +0.19 |
| DPZ Domino's Pizza Inc. | Reduce -13.0% | 9.06% | +0.26 |
| WHD Cactus Inc. Class A | Reduce -8.1% | 4.02% | +0.33 |
| KMX Carmax Inc. | Reduce -17.0% | 7.13% | +0.43 |
| FLUT Flutter Entertainment PLC-Di | Reduce -0.4% | 8.00% | +1.92 |
| BBWI Bath & Body Works Inc. | Reduce -1.8% | 13.68% | +4.23 |
Portfolio Buys Q3 2024 → Q4 2024
| CHTR Charter Communications Inc. Class A | Add +4.0% | 19.95% | +5.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 0 | $0 | |
| Q4 2025 | 11 | $127.9M | CHTR, DPZ, LAMR, BBWI, CDW |
| Q3 2025 | 12 | $194.7M | CHTR, BBWI, LAMR, FLUT, DPZ |
| Q2 2025 | 13 | $328.7M | CHTR, BBWI, FLUT, DPZ, CDW |
| Q1 2025 | 13 | $298.2M | CHTR, BBWI, DPZ, LAMR, CDW |
| Q4 2024Amended | 12 | $641.1M | CHTR, BBWI, PGR, CDW, LAMR |
| Q3 2024 | 12 | $777.7M | PGR, CHTR, LAMR, CDW, BBWI |
| Q2 2024 | 11 | $771.0M | PGR, CHTR, LAMR, BBWI, CDW |
| Q1 2024 | 10 | $828.7M | PGR, BBWI, CDW, CHTR, LAMR |