LB Partners LLC

CIK

2007877

Location

CHARLOTTESVILLE, VA

Portfolio Value

Small $107,862,726

Diversification

Diversified

Filing Date

Global Rank

#5,194 / 8,232 ▲ 370

Top Industry

Credit Services 32.9%

3Y Alpha vs SPY

+0.7%

Period ended 2 months ago

Filed Apr 24, 2026 · 51d

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+54.9%

SPY

+52.9%

Annualised alpha

+0.7%

Max drawdown

−27.8%

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

33 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%	$35,378,522	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 positions · $107,862,726 total · 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
MFIC	MidCap Financial Investment Corp Financial Services	NEW	10,000	NEW	$112,400	NEW	0.10%
BSM	Black Stone Minerals, L.P. Energy	Held	10,000	0	$151,200	+13.8%	0.14%
FRPH	Frp Holdings, Inc. Real Estate	Reduced	9,582	-67,100	$209,654	−88.0%	0.19%
OXY	Occidental Petroleum Corp /De/ Energy	NEW	3,400	NEW	$221,000	NEW	0.20%
MTA	Metalla Royalty & Streaming Ltd. Basic Materials	Held	36,000	0	$238,680	−14.8%	0.22%
CVX	Chevron Corp Energy	NEW	1,400	NEW	$289,660	NEW	0.27%
SPGI	S&P Global Inc. Financial Services	Held	750	0	$319,005	−18.6%	0.30%
IMXI	International Money Express, Inc. Technology	Reduced	23,000	-120,000	$363,400	−83.5%	0.34%
SGOL	abrdn Gold ETF Trust	Held	11,000	0	$490,820	+8.6%	0.46%
DVN	Devon Energy Corp/De Energy	NEW	10,000	NEW	$503,200	NEW	0.47%
TFPM	Triple Flag Precious Metals Corp. Basic Materials	Held	14,913	0	$517,630	+4.5%	0.48%
NOW	ServiceNow, Inc. Technology	NEW	6,000	NEW	$627,300	NEW	0.58%
GPN	Global Payments Inc Industrials	NEW	10,000	NEW	$673,000	NEW	0.62%
PYPL	PayPal Holdings, Inc. Financial Services	NEW	20,000	NEW	$904,600	NEW	0.84%
NVDA	Nvidia Corp Technology	NEW	6,000	NEW	$1,046,400	NEW	0.97%
TBBB	Bbb Foods Inc Consumer Defensive	NEW	35,000	NEW	$1,237,950	NEW	1.15%
GTLB	Gitlab Inc. Technology	Reduced	60,000	-41,077	$1,298,400	−65.8%	1.20%
FOUR	Shift4 Payments, Inc. Technology	NEW	30,000	NEW	$1,311,900	NEW	1.22%
MU	Micron Technology Inc Technology	NEW	4,000	NEW	$1,351,360	NEW	1.25%
FISV	Fiserv Inc	NEW	27,000	NEW	$1,506,600	NEW	1.40%
KKR	KKR & Co. Inc. Financial Services	Held	17,100	0	$1,581,750	−27.4%	1.47%
AMZN	Amazon Com Inc Consumer Cyclical	Held	8,000	0	$1,666,160	−9.8%	1.54%
PDD	PDD Holdings Inc. Consumer Cyclical	NEW	22,000	NEW	$2,247,960	NEW	2.08%
GOGO	Gogo Inc. Communication Services	Added	804,034	+654,034	$3,232,216	+362.4%	3.00%
OPFI	OppFi Inc. Financial Services	Held	500,000	0	$3,855,000	−26.3%	3.57%
NIQ	NIQ Global Intelligence plc	Added	399,700	+155,000	$4,544,589	+12.6%	4.21%
GOOGL	Alphabet Inc. Communication Services	Held	19,000	0	$5,463,640	−8.1%	5.07%
LPRO	Open Lending Corp Financial Services	Added	5,400,841	+150,000	$6,751,051	−17.1%	6.26%
SPT	Sprout Social, Inc. Technology	Added	1,510,979	+893,502	$8,612,580	+23.8%	7.98%
AXP	American Express Co Financial Services	Reduced	30,000	-2,000	$9,074,400	−23.3%	8.41%
TIGO	Millicom International Cellular SA Communication Services	Reduced	143,000	-89,000	$10,716,420	−16.7%	9.94%
COF	Capital One Financial Corp Financial Services	Added	70,056	+6,000	$12,780,316	−17.7%	11.85%
RELY	Remitly Global, Inc. Technology	Added	1,529,195	+280,307	$23,962,485	+39.0%	22.22%