Makaira Partners 13F, Q1 2025
Tom Bancroft · quarter ending 31 March 2025 · filed 14 May 2025 · SEC CIK 1540866
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| CHARTER COMMUNICATIONS CL A ORD | CHTR | $73.77M | 24.7% | -46% shares |
| BATH AND BODY WORKS ORD | BBWI | $49.70M | 16.7% | -28% shares |
| DOMINOS PIZZA ORD | DPZ | $29.85M | 10.0% | -53% shares |
| LAMAR ADVERTISING CL A REIT | LAMR | $25.52M | 8.6% | -58% shares |
| CDW ORD | CDW | $24.89M | 8.3% | -59% shares |
| FLUTTER ENTERTAINMENT ORD | $23.58M | 7.9% | -46% shares | |
| CARMAX ORD | KMX | $21.21M | 7.1% | -51% shares |
| BEL FUSE CL B ORD | BELFB | $18.42M | 6.2% | new |
| PROGRESSIVE ORD | PGR | $12.26M | 4.1% | -87% shares |
| CACTUS CL A ORD | WHD | $10.86M | 3.6% | -46% shares |
| SAVERS VALUE VILLAGE ORD | SVV | $7.44M | 2.5% | -48% shares |
| HEICO CL A ORD | HEI/A | $458.0K | 0.1% | -52% shares |
| BEL FUSE CL A ORD | BELFA | $288.3K | 0.1% | new |
What changed since Q4 2024
Against the Q4 2024 filing, Makaira Partners opened 2 new positions, added to 0, trimmed 11, left 0 unchanged and exited 1. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001540866-25-000005, filed by Makaira Partners LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.