PB Investment Partners, L.P.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), PB Investment Partners, L.P. reported 8 stock positions worth $126.3 million. Its top holding was Capital One Financial (COF) at 21.4% of the portfolio, followed by Apollo Global Management (APO, 18.2%) and Hilton Grand Vacations (HGV, 16.9%). Compared with Q4 2024, it added to 1 and reduced 2. The biggest buy was Hilton Grand Vacations (HGV, shares +0%) and the biggest sale Cardlytics (CDLX, shares −59%).

Most Recent 13F
Q2 2026
Location
BURLINGAME, CA
CIK
0001910391
Portfolio Value
$126.3M (Q1 2025)
SEC Filing
0001420506-25-001079 ↗ filed May 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $132.7M Q1 2024 Q2 2024: $123.2M Q2 2024 Q3 2024: $117.7M Q3 2024 Q4 2024: $133.5M Q4 2024 Q1 2025: $126.3M $126.3M Q1 2025 Q2 2025: $147.0M Q2 2025 Q3 2025: $147.3M Q3 2025 Q4 2025: $157.4M Q4 2025 Q1 2026: $127.1M Q1 2026 Q2 2026: $150.2M Q2 2026

Holdings 8 stocks · $126.3M
COF Capital One Financial Corp. 21.41% 150,759 $27.0M No change
APO Apollo Global Management Inc. 18.21% 167,905 $23.0M No change
HGV Hilton Grand Vacations Inc. 16.94% 571,558 $21.4M Add +0.0%
PGR Progressive Corp. 14.57% 65,022 $18.4M Reduce -2.7%
OMF Onemain Holdings Inc. 12.67% 327,175 $16.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 12.48% 377,515 $15.8M No change
GBTG Global Business Travel Group 3.53% 613,264 $4.5M No change
CDLX Cardlytics Inc. 0.20% 138,740 $253K Reduce -59.0%

Portfolio Sells Q4 2024 → Q1 2025
CDLX Cardlytics Inc. Reduce -59.0% 0.20% −0.74
PGR Progressive Corp. Reduce -2.7% 14.57% +2.57

Portfolio Buys Q4 2024 → Q1 2025
HGV Hilton Grand Vacations Inc. Add +0.0% 16.94% +0.26

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$150.2MHGV, COF, APO, BLK, OMF
Q1 2026 10$127.1MHGV, COF, APO, BLK, OMF
Q4 2025 9$157.4MCOF, HGV, APO, OMF, BAC
Q3 2025 8$147.3MCOF, HGV, APO, OMF, BAC
Q2 2025 8$147.0MCOF, HGV, APO, OMF, BAC
Q1 2025 8$126.3MCOF, APO, HGV, PGR, OMF
Q4 2024 8$133.5MAPO, COF, HGV, OMF, BAC
Q3 2024 8$117.7MCOF, APO, PGR, HGV, OMF
Q2 2024 9$123.2MHGV, PGR, OMF, COF, APO
Q1 2024 8$132.7MCOF, PGR, HGV, APO, OMF