Lb Partners 13F annual report
Lb Partners is an investment fund managing more than $120 billion ran by Charles Jr.. There are currently 24 companies in Mr. Jr.’s portfolio. The largest investments include WideOpenWest Inc and Gogo Inc, together worth $53.1 billion.
$120 billion Assets Under Management (AUM)
As of 22nd July 2024, Lb Partners’s top holding is 6,587,126 shares of WideOpenWest Inc currently worth over $35.6 billion and making up 29.7% of the portfolio value.
Relative to the number of outstanding shares of WideOpenWest Inc, Lb Partners owns less than approximately 0.1% of the company.
In addition, the fund holds 1,820,000 shares of Gogo Inc worth $17.5 billion, whose value grew 2.0% in the past six months.
The third-largest holding is Millicom Intl Cellular S A worth $12.3 billion and the next is American Express Co worth $7.41 billion, with 32,000 shares owned.
Currently, Lb Partners's portfolio is worth at least $120 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Lb Partners
The Lb Partners office and employees reside in Charlottesville, Virginia. According to the last 13-F report filed with the SEC, Charles Jr. serves as the Managing Member at Lb Partners.
Recent trades
In the most recent 13F filing, Lb Partners revealed that it had opened a new position in
Remitly Global Inc and bought 473,270 shares worth $5.74 billion.
The investment fund also strengthened its position in WideOpenWest Inc by buying
135,975 additional shares.
This makes their stake in WideOpenWest Inc total 6,587,126 shares worth $35.6 billion.
WideOpenWest Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Lb Partners is getting rid of from its portfolio.
Lb Partners closed its position in Elastic N.V on 29th July 2024.
It sold the previously owned 7,500 shares for $752 million.
Charles Jr. also disclosed a decreased stake in Gogo Inc by approximately 0.1%.
This leaves the value of the investment at $17.5 billion and 1,820,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Lb Partners are Epacria Capital Partners and Signature Resources Capital Management. They manage $120 billion and $120 billion respectively.
Charles Jr. investment strategy
Lb Partners’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Communication Services — making up 46.5% of
the total portfolio value.
The fund focuses on investments in the United States as
54.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
25% of the total holdings value.
On the other hand, small-cap stocks make up only 4.2% of the portfolio.
The average market cap of the portfolio companies is close to $99.9 billion.
The complete list of Lb Partners trades based on 13F SEC filings
These positions were updated on July 29th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| WideOpenWest Inc |
2.11%
6,587,126
|
$35,636,352,000 | 29.67% |
| Gogo Inc |
3.99%
1,820,000
|
$17,508,400,000 | 14.57% |
| Millicom Intl Cellular S A |
0.40%
502,000
|
$12,324,100,000 | 10.26% |
| American Express Co. |
No change
32,000
|
$7,409,600,000 | 6.17% |
| Remitly Global Inc |
Opened
473,270
|
$5,736,032,000 | 4.77% |
| Alibaba Group Hldg Ltd |
No change
76,000
|
$5,472,000,000 | 4.56% |
| Discover Finl Svcs |
6.44%
36,350
|
$4,754,944,000 | 3.96% |
| FRP Holdings Inc |
100.00%
125,802
|
$3,587,873,000 | 2.99% |
| Alphabet Inc |
No change
36,200
|
$6,615,674,000 | 5.51% |
| Liquidia Corp |
No change
282,947
|
$3,395,364,000 | 2.83% |
| Oppfi Inc |
1.31%
920,970
|
$3,122,088,000 | 2.60% |
| Liberty Broadband Corp |
No change
50,000
|
$2,741,000,000 | 2.28% |
| Peloton Interactive Inc |
Opened
595,014
|
$2,011,147,000 | 1.67% |
| Black Stone Minerals L.P. |
20.03%
119,000
|
$1,864,730,000 | 1.55% |
| KKR & Co. Inc |
No change
17,100
|
$1,799,604,000 | 1.50% |
| Capital One Finl Corp |
Opened
9,000
|
$1,246,050,000 | 1.04% |
| Target Hospitality Corp. |
Opened
134,000
|
$1,167,140,000 | 0.97% |
| Spotify Technology S.A. |
75.00%
3,500
|
$1,098,265,000 | 0.91% |
| Sandridge Energy Inc |
No change
78,300
|
$1,012,419,000 | 0.84% |
| Elastic N.V |
Closed
7,500
|
$751,800,000 | |
| Sprout Social, Inc. |
Opened
20,000
|
$713,600,000 | 0.59% |
| S&P Global Inc |
No change
750
|
$334,500,000 | 0.28% |
| Etfs Gold Tr |
No change
11,000
|
$244,420,000 | 0.20% |
| Triple Flag Precious Metal |
No change
14,913
|
$231,152,000 | 0.19% |
| Metalla Rty & Streaming Ltd |
No change
36,000
|
$100,080,000 | 0.08% |
| No transactions found | |||
| Showing first 500 out of 25 holdings | |||
Hedge funds similar to Lb Partners
- Lewis Asset Management
- Rpm Capital Partners
- Sound Strategies
- Milestone Advisory Partners
- Atlantic Private Wealth
- 1858 Wealth Management
- Signature Resources Capital Management
- Epacria Capital Partners
- Endowment Wealth Management
- Cpr Investments
- Fairfield University
- Edmp, Inc
- Visionary Horizons
- Strategic Equity Management