Makaira Partners LLC
CIK
1540866
Location
LA JOLLA, CA
Portfolio Value
Small
$118,019,511
Diversification
Moderately concentrated
Filing Date
Global Rank
#5,299
/ 8,420
▼ 909
Top Industry
Telecom Services
29.0%
3Y Alpha vs SPY
-24.3%
Period ended 6 months ago
Filed Feb 11, 2026 · 4mo
24 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-10.0%
SPY
+76.3%
Annualised alpha
-24.3%
Max drawdown
−44.3%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
9 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Top Position
29.0%
+4.0 pts
Top 5
79.0%
+2.4 pts
Top 10
100.0%
0.0 pts
HHI
1,601
Moderately concentrated+93
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 34.4% | $40,561,661 |
| Communication Services | 29.0% | $34,235,000 |
| Real Estate | 12.9% | $15,189,600 |
| Technology | 11.5% | $13,620,000 |
| Industrials | 6.7% | $7,959,306 |
| Energy | 5.5% | $6,453,944 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| LMB | Limbach Holdings, Inc. | +50,000 | 102,239 | $7,959,306 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BBWI | Bath & Body Works, Inc. | −635,645 | 734,355 | $14,745,848 | |
| SVV | Savers Value Village, Inc. | −620,890 | 159,110 | $1,486,087 | |
| WHD | Cactus, Inc. | −122,123 | 141,286 | $6,453,944 | |
| LAMR | Lamar Advertising Co/New | −50,000 | 120,000 | $15,189,600 | |
| FLUT | Flutter Entertainment plc | −40,000 | 41,422 | $8,907,386 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BELFA | Bel Fuse Inc /Nj | 4,001 | $465,516 | |
| No positions match the current search. | ||||
9 positions ·
$118,019,511 total
· as of Dec 31, 2025
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CHTR |
Charter Communications, Inc. /Mo/
Communication Services
|
Held | 164,000 | $34,235,000 | 29.01% | |
| DPZ |
Dominos Pizza Inc
Consumer Cyclical
|
Held | 37,000 | $15,422,340 | 13.07% | |
| LAMR |
Lamar Advertising Co/New
Real Estate
|
Reduced | 120,000 | $15,189,600 | 12.87% | |
| BBWI |
Bath & Body Works, Inc.
Consumer Cyclical
|
Reduced | 734,355 | $14,745,848 | 12.49% | |
| CDW |
CDW Corp
Technology
|
Held | 100,000 | $13,620,000 | 11.54% | |
| FLUT |
Flutter Entertainment plc
Consumer Cyclical
|
Reduced | 41,422 | $8,907,386 | 7.55% | |
| LMB |
Limbach Holdings, Inc.
Industrials
|
Added | 102,239 | $7,959,306 | 6.74% | |
| WHD |
Cactus, Inc.
Energy
|
Reduced | 141,286 | $6,453,944 | 5.47% | |
| SVV |
Savers Value Village, Inc.
Consumer Cyclical
|
Reduced | 159,110 | $1,486,087 | 1.26% |