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Makaira Partners LLC

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13F filer, CIK 1540866, LA JOLLA, CA

Makaira Partners LLC reported $298,229,363 across 13 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-14. Its ten largest share positions make up 97.25% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001540866-25-000005

Period
2025-03-31
Reported value
$298M
Holdings
13
Top 10 weight
97.25%
New
2
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BELFBnew+245,999$18.4M
BELFAnew+4,001$288K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PGRreduced-285,920-$80.9M
CHTRreduced-173,029-$63.8M
CDWreduced-227,493-$36.5M
LAMRreduced-306,223-$34.8M
DPZreduced-73,475-$33.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001540866-25-000005, largest first. % of portfolio is the value over $298,229,363, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CHTRCHARTER COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 372,769 shares; 2024Q3: 358,681 shares; 2024Q4: 373,191 shares; 2025Q1: 200,162 shares 200,162$73.8M24.73%-173,029Timeline
BBWIBATH & BODY WORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 2,421,353 shares; 2024Q3: 2,302,706 shares; 2024Q4: 2,262,506 shares; 2025Q1: 1,639,039 shares 1,639,039$49.7M16.66%-623,467Timeline
DPZDOMINOS PIZZA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 167,329 shares; 2024Q3: 159,129 shares; 2024Q4: 138,439 shares; 2025Q1: 64,964 shares 64,964$29.8M10.01%-73,475Timeline
LAMRLAMAR ADVERTISING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 901,371 shares; 2024Q3: 718,898 shares; 2024Q4: 530,483 shares; 2025Q1: 224,260 shares 224,260$25.5M8.56%-306,223Timeline
CDWCDW CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 404,398 shares; 2024Q3: 384,560 shares; 2024Q4: 382,798 shares; 2025Q1: 155,305 shares 155,305$24.9M8.35%-227,493Timeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: 199,320 shares; 2024Q4: 198,435 shares; 2025Q1: 106,422 shares 106,422$23.6M7.91%-92,013Timeline
KMXCARMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 705,214 shares; 2024Q3: 674,134 shares; 2024Q4: 559,384 shares; 2025Q1: 272,203 shares 272,203$21.2M7.11%-287,181Timeline
BELFBBEL FUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 245,999 shares 245,999$18.4M6.17%newTimeline
PGRPROGRESSIVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 727,431 shares; 2024Q3: 603,603 shares; 2024Q4: 329,243 shares; 2025Q1: 43,323 shares 43,323$12.3M4.11%-285,920Timeline
WHDCACTUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 499,581 shares; 2024Q3: 480,974 shares; 2024Q4: 441,964 shares; 2025Q1: 237,030 shares 237,030$10.9M3.64%-204,934Timeline
SVVSAVERS VALUE VLG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 2,240,000 shares; 2024Q3: 2,289,930 shares; 2024Q4: 2,053,930 shares; 2025Q1: 1,078,437 shares 1,078,437$7.44M2.5%-975,493Timeline
HEI-AHEICO CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 4,642 shares; 2024Q3: 4,477 shares; 2024Q4: 4,477 shares; 2025Q1: 2,171 shares 2,171$458K0.15%-2,306Timeline
BELFABEL FUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,001 shares 4,001$288K0.1%newTimeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
LBRDKLIBERTY BROADBAND CORP167,681$12.5Mshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001540866-25-000005 base2025-05-14acceptance time not in the bulk data set