Q2 2026 13F · SEC CIK 2007877

LB Partners LLC

Hedge fundFiled 2026-07-30 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $146.6M
Reported positions: 33
Top holdings a year, 3 yrs: +21.3%
Assets under management: $191.3M

LB Partners LLC is a hedge fund that reported 33 positions worth $146.6M in its Q2 2026 13F, filed 2026-07-30. Its largest holdings were Remitly Global Inc (RELY, 19.4%), Niq Global Intelligence PLC (NIQ, 12.3%), Open Lending Corp (LPRO, 10.3%). A portfolio copying its top holdings returned 21.3% a year over the last 3 years, against 18.8% for the S&P 500.

LB Partners LLC holdings all 33 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

LB Partners LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
RELYRemitly Global Inc	19.4%	21.5%	1,268,000	-17.1%	$28.4M
NIQNiq Global Intelligence PLC	12.3%	4.1%	1,932,168	+383.4%	$18.1M
LPROOpen Lending Corp	10.3%	6.1%	4,850,841	-10.2%	$15.1M
COFCapital One Financial Corp	9.6%	11.5%	70,056	+0.0%	$14.1M
AXPAmerican Express Co Com	6.9%	8.1%	30,000	+0.0%	$10.1M
TIGOMillicom Intl Cellular S A	4.8%	9.6%	77,000	-46.2%	$7.0M
MUMicron Technology Inc	4.7%	1.2%	6,000	+50.0%	$6.9M
GOOGLAlphabet Inc	4.6%	4.9%	19,000	+0.0%	$6.8M
OPFIOppfi Inc	4.3%	3.5%	632,500	+26.5%	$6.3M
FOURShift4 Pmts Inc	3.2%	1.2%	96,000	+220.0%	$4.7M
TOSTToast Inc	2.9%	New	155,000	—	$4.3M
LBRDKLiberty Broadband Corp	2.5%	0.8%	110,075	+509.0%	$3.7M
SPTSprout Social Inc	2.5%	7.7%	479,733	-68.3%	$3.6M
GOOGAlphabet Inc	1.9%	2.1%	8,000	+0.0%	$2.8M
GOGOGogo Inc	1.4%	2.9%	683,066	-15.0%	$2.1M
AMZNAmazon Com Inc Com	1.3%	1.5%	8,000	+0.0%	$1.9M
PDDPdd Holdings Inc	1.1%	2.0%	22,000	+0.0%	$1.7M
NVDANvidia Corporation Com	1.1%	0.9%	8,000	+33.3%	$1.6M
KKRKkr & Co Inc Cl A	1.1%	1.4%	17,100	+0.0%	$1.6M
TBBBBbb Foods Inc	1.0%	1.1%	35,000	+0.0%	$1.5M
PYPLPaypal Hldgs Inc	0.7%	0.8%	22,500	+12.5%	$972K
TFPMTriple Flag Precious M	0.3%	0.5%	14,913	+0.0%	$447K
SGOLEtfs Gold Tr	0.3%	0.4%	11,000	+0.0%	$421K
DVNDevon Energy Corp	0.3%	0.5%	10,000	+0.0%	$413K
FDSFactset Resh Sys Inc	0.3%	New	1,685	—	$388K
IMXIInternational Money Express	0.2%	0.3%	23,000	+0.0%	$332K
SPGIS&P Global Inc.	0.2%	0.3%	750	+0.0%	$305K
MTAMetalla Royalty & Streaming	0.2%	0.2%	36,000	+0.0%	$274K
FRPHFrp Hldgs Inc	0.2%	0.2%	9,582	+0.0%	$239K
CVXChevron Corp New	0.2%	0.3%	1,400	+0.0%	$232K
BSMBlack Stone Minerals L P	0.1%	0.1%	10,000	+0.0%	$140K
AINVMidcap Finl Investme	0.1%	0.1%	12,000	+20.0%	$121K
FSKFs Kkr Cap Corp	0.1%	New	11,164	—	$117K

What LB Partners LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Added to

LBRDK Liberty Broadband Corp+509.0% shares
NIQ Niq Global Intelligence PLC+383.4% shares
FOUR Shift4 Pmts Inc+220.0% shares
MU Micron Technology Inc+50.0% shares
NVDA Nvidia Corporation Com+33.3% shares
OPFI Oppfi Inc+26.5% shares
AINV Midcap Finl Investme+20.0% shares
PYPL Paypal Hldgs Inc+12.5% shares

Reduced

SPT Sprout Social Inc-68.3% shares
TIGO Millicom Intl Cellular S A-46.2% shares
RELY Remitly Global Inc-17.1% shares
GOGO Gogo Inc-15.0% shares
LPRO Open Lending Corp-10.2% shares

Sold out

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +9.1% /yr; S&P 500 +20.1%
3 years: +21.3% /yr; S&P 500 +18.8%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$146.6M	33
Q1 2026	$111.5M	36
Q4 2025	$108.4M	25
Q3 2025	$155.8M	29
Q2 2025	$156.6M	23
Q1 2025	$139.0M	22
Q4 2024	$133.4M	21
Q3 2024	$115.1M	22
Q2 2024	$120.1M	25
Q1 2024	$97.2M	21
Q4 2023	$91.2M	27

Questions about LB Partners LLC's portfolio

What stocks does LB Partners LLC own?

LB Partners LLC's latest 13F, for Q2 2026 and filed Jul 30, 2026, lists 33 positions worth $146.6M. The largest are Remitly Global Inc (RELY) at 19.4%, Niq Global Intelligence PLC (NIQ) at 12.3%, Open Lending Corp (LPRO) at 10.3%, Capital One Financial Corp (COF) at 9.6% and American Express Co Com (AXP) at 6.9%.

What did LB Partners LLC buy last quarter?

In Q2 2026, LB Partners LLC added a new position in Toast Inc (TOST), a new position in Factset Resh Sys Inc (FDS), a new position in Fs Kkr Cap Corp (FSK), Liberty Broadband Corp (LBRDK) (+509.0% shares), Niq Global Intelligence PLC (NIQ) (+383.4% shares) and Shift4 Pmts Inc (FOUR) (+220.0% shares), compared with its Q1 2026 filing.

What did LB Partners LLC sell last quarter?

In Q2 2026, LB Partners LLC sold all of Fiserv Inc (FISV), sold all of GitLab Inc (GTLB), sold all of Global Pmts Inc (GPN), sold all of Servicenow Inc Com (NOW), sold all of Liberty Cap Corp (GLBKV), Sprout Social Inc (SPT) (-68.3% shares), Millicom Intl Cellular S A (TIGO) (-46.2% shares) and Remitly Global Inc (RELY) (-17.1% shares), compared with its Q1 2026 filing.

How has LB Partners LLC's portfolio performed?

A portfolio copying LB Partners LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +21.3% a year over the last 3 years, against +18.8% for the S&P 500. Over 1 year: +9.1% against +20.1%.

When is LB Partners LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. LB Partners LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does LB Partners LLC manage?

LB Partners LLC reported $191.3M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $146.6M.