LB Partners LLC

CIK

2007877

Location

CHARLOTTESVILLE, VA

Portfolio Value

Small $107,862,725

Diversification

Diversified

Filing Date

Global Rank

#5,555 / 8,622 ▲ 243 · as of Mar 2026

Top Industry

Credit Services 32.9%

3Y Alpha vs SPY

+5.6%

Period ended 4 months ago

Filed Apr 24, 2026 · 3mo

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+77.3%

SPY

+52.7%

Annualised alpha

+7.5%

Max drawdown

−27.8%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 10 quarters. Past performance does not predict future results.

Portfolio Concentration

33 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

22.2%

+5.6 pts

Top 5

60.4%

−2.9 pts

Top 10

82.5%

−5.9 pts

HHI

992

Diversified−7

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	35.8%	$38,573,825	8
Financial Services	32.8%	$35,378,521	8
Communication Services	18.0%	$19,412,276	3
Unclassified	6.1%	$6,542,009	3
Consumer Cyclical	3.6%	$3,914,120	2
Consumer Defensive	1.1%	$1,237,950	1
Energy	1.1%	$1,165,060	4
Basic Materials	0.7%	$756,310	2
Industrials	0.6%	$673,000	1
Real Estate	0.2%	$209,654	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
SPT	Sprout Social, Inc.	+893,502	1,510,979	$8,612,580
GOGO	Gogo Inc.	+654,034	804,034	$3,232,216
RELY	Remitly Global, Inc.	+280,307	1,529,195	$23,962,485
NIQ	NIQ Global Intelligence plc	+155,000	399,700	$4,544,589
LPRO	Open Lending Corp	+150,000	5,400,841	$6,751,051
COF	Capital One Financial Corp	+6,000	70,056	$12,780,316
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
IMXI	International Money Express, Inc.	−120,000	23,000	$363,400
TIGO	Millicom International Cellular SA	−89,000	143,000	$10,716,420
FRPH	Frp Holdings, Inc.	−67,100	9,582	$209,654
GTLB	Gitlab Inc.	−41,077	60,000	$1,298,400
AXP	American Express Co	−2,000	30,000	$9,074,400
No positions match the current search.

New Positions

Positions the filer opened this quarter

13 positions

Ticker	Company	Shares	Value
PDD	PDD Holdings Inc.	22,000	$2,247,960
FISV	Fiserv Inc	27,000	$1,506,600
MU	Micron Technology Inc	4,000	$1,351,360
FOUR	Shift4 Payments, Inc.	30,000	$1,311,900
TBBB	Bbb Foods Inc	35,000	$1,237,950
NVDA	Nvidia Corp	6,000	$1,046,400
PYPL	PayPal Holdings, Inc.	20,000	$904,600
GPN	Global Payments Inc	10,000	$673,000
NOW	ServiceNow, Inc.	6,000	$627,300
DVN	Devon Energy Corp/De	10,000	$503,200
CVX	Chevron Corp	1,400	$289,660
OXY	Occidental Petroleum Corp /De/	3,400	$221,000
MFIC	MidCap Financial Investment Corp	10,000	$112,400
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
THRY	Thryv Holdings, Inc.	249,705	$1,510,715
WU	Western Union CO	10,000	$93,100
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

33 tracked positions · $107,862,725 total · filing declares 37 positions · $111,544,207 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RELY	Remitly Global, Inc. Technology	Added	1,529,195	+280,307	$23,962,485	+39.0%	22.22%
COF	Capital One Financial Corp Financial Services	Added	70,056	+6,000	$12,780,316	−17.7%	11.85%
TIGO	Millicom International Cellular SA Communication Services	Reduced	143,000	-89,000	$10,716,420	−16.7%	9.94%
AXP	American Express Co Financial Services	Reduced	30,000	-2,000	$9,074,400	−23.3%	8.41%
SPT	Sprout Social, Inc. Technology	Added	1,510,979	+893,502	$8,612,580	+23.8%	7.98%
LPRO	Open Lending Corp Financial Services	Added	5,400,841	+150,000	$6,751,051	−17.1%	6.26%
GOOGL	Alphabet Inc. Communication Services	Held	19,000	0	$5,463,640	−8.1%	5.07%
NIQ	NIQ Global Intelligence plc	Added	399,700	+155,000	$4,544,589	+12.6%	4.21%
OPFI	OppFi Inc. Financial Services	Held	500,000	0	$3,855,000	−26.3%	3.57%
GOGO	Gogo Inc. Communication Services	Added	804,034	+654,034	$3,232,216	+362.4%	3.00%
PDD	PDD Holdings Inc. Consumer Cyclical	NEW	22,000	NEW	$2,247,960	NEW	2.08%
AMZN	Amazon Com Inc Consumer Cyclical	Held	8,000	0	$1,666,160	−9.8%	1.54%
KKR	KKR & Co. Inc. Financial Services	Held	17,100	0	$1,581,750	−27.4%	1.47%
FISV	Fiserv Inc	NEW	27,000	NEW	$1,506,600	NEW	1.40%
MU	Micron Technology Inc Technology	NEW	4,000	NEW	$1,351,360	NEW	1.25%
FOUR	Shift4 Payments, Inc. Technology	NEW	30,000	NEW	$1,311,900	NEW	1.22%
GTLB	Gitlab Inc. Technology	Reduced	60,000	-41,077	$1,298,400	−65.8%	1.20%
TBBB	Bbb Foods Inc Consumer Defensive	NEW	35,000	NEW	$1,237,950	NEW	1.15%
NVDA	Nvidia Corp Technology	NEW	6,000	NEW	$1,046,400	NEW	0.97%
PYPL	PayPal Holdings, Inc. Financial Services	NEW	20,000	NEW	$904,600	NEW	0.84%
GPN	Global Payments Inc Industrials	NEW	10,000	NEW	$673,000	NEW	0.62%
NOW	ServiceNow, Inc. Technology	NEW	6,000	NEW	$627,300	NEW	0.58%
TFPM	Triple Flag Precious Metals Corp. Basic Materials	Held	14,913	0	$517,630	+4.5%	0.48%
DVN	Devon Energy Corp/De Energy	NEW	10,000	NEW	$503,200	NEW	0.47%
SGOL	abrdn Gold ETF Trust	Held	11,000	0	$490,820	+8.6%	0.46%
IMXI	International Money Express, Inc. Technology	Reduced	23,000	-120,000	$363,400	−83.5%	0.34%
SPGI	S&P Global Inc. Financial Services	Held	750	0	$319,004	−18.6%	0.30%
CVX	Chevron Corp Energy	NEW	1,400	NEW	$289,660	NEW	0.27%
MTA	Metalla Royalty & Streaming Ltd. Basic Materials	Held	36,000	0	$238,680	−14.8%	0.22%
OXY	Occidental Petroleum Corp /De/ Energy	NEW	3,400	NEW	$221,000	NEW	0.20%
FRPH	Frp Holdings, Inc. Real Estate	Reduced	9,582	-67,100	$209,654	−88.0%	0.19%
BSM	Black Stone Minerals, L.P. Energy	Held	10,000	0	$151,200	+13.8%	0.14%
MFIC	MidCap Financial Investment Corp Financial Services	NEW	10,000	NEW	$112,400	NEW	0.10%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.