Makaira Partners LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Makaira Partners LLC reported 13 stock positions worth $328.7 million. Its top holding was Charter Communications Class A (CHTR) at 24.9% of the portfolio, followed by Bath & Body Works (BBWI, 16.8%) and Flutter Entertainment PLC-Di (FLUT, 9.3%). Compared with Q1 2025, it opened 1 new position, sold out of 1 and added to 2. The biggest buy was a new position in Limbach (LMB) and the biggest sale an exit from Progressive (PGR).
- Most Recent 13F
- Q1 2026
- Location
- LA JOLLA, CA
- CIK
- 0001540866
- Portfolio Value
- $328.7M (Q2 2025)
- SEC Filing
- 0001540866-25-000007 ↗ filed Aug 14, 2025
Holdings Value
Holdings 13 stocks · $328.7M
| CHTR Charter Communications Inc. Class A | 24.89% | 200,162 | $81.8M | No change |
| BBWI Bath & Body Works Inc. | 16.76% | 1,839,039 | $55.1M | Add +12.2% |
| FLUT Flutter Entertainment PLC-Di | 9.25% | 106,422 | $30.4M | No change |
| DPZ Domino's Pizza Inc. | 8.90% | 64,964 | $29.3M | No change |
| CDW CDW Corp. | 8.44% | 155,305 | $27.7M | No change |
| LAMR Lamar Advertising Co. Class A | 8.28% | 224,260 | $27.2M | No change |
| BELFB Bel Fuse Inc. Class B | 7.31% | 245,999 | $24.0M | No change |
| KMX Carmax Inc. | 5.57% | 272,203 | $18.3M | No change |
| WHD Cactus Inc. Class A | 4.75% | 357,030 | $15.6M | Add +50.6% |
| SVV Savers Value Village Inc. | 3.35% | 1,078,437 | $11.0M | No change |
| LMB Limbach Holdings Inc. | 2.23% | 52,239 | $7.3M | New |
| HEI.A Heico Corp. Class A | 0.17% | 2,171 | $562K | No change |
| BELFA Bel Fuse Inc. Class A | 0.11% | 4,001 | $359K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| PGR Progressive Corp. | Sold out | 0.00% | −4.11 |
Portfolio Buys Q1 2025 → Q2 2025
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 |