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Makaira Partners LLC

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13F filer, CIK 1540866, LA JOLLA, CA

Makaira Partners LLC reported $328,737,613 across 13 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 97.49% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001540866-25-000007

Period
2025-06-30
Reported value
$329M
Holdings
13
Top 10 weight
97.49%
New
1
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LMBnew+52,239$7.32M
BBWIadded+200,000$5.99M
WHDadded+120,000$5.25M

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
PGRexited-43,323-$12.3M

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, Q2 2025

Share positions as resolved from 13F-HR 0001540866-25-000007, largest first. % of portfolio is the value over $328,737,613, 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; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 372,769 shares; 2024Q3: 358,681 shares; 2024Q4: 373,191 shares; 2025Q1: 200,162 shares; 2025Q2: 200,162 shares 200,162$81.8M24.89%0Timeline
BBWIBATH & BODY WORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q2: 1,839,039 shares 1,839,039$55.1M16.76%+200,000Timeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: 199,320 shares; 2024Q4: 198,435 shares; 2025Q1: 106,422 shares; 2025Q2: 106,422 shares 106,422$30.4M9.25%0Timeline
DPZDOMINOS PIZZA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 167,329 shares; 2024Q3: 159,129 shares; 2024Q4: 138,439 shares; 2025Q1: 64,964 shares; 2025Q2: 64,964 shares 64,964$29.3M8.9%0Timeline
CDWCDW CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 404,398 shares; 2024Q3: 384,560 shares; 2024Q4: 382,798 shares; 2025Q1: 155,305 shares; 2025Q2: 155,305 shares 155,305$27.7M8.44%0Timeline
LAMRLAMAR ADVERTISING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 901,371 shares; 2024Q3: 718,898 shares; 2024Q4: 530,483 shares; 2025Q1: 224,260 shares; 2025Q2: 224,260 shares 224,260$27.2M8.28%0Timeline
BELFBBEL FUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 245,999 shares; 2025Q2: 245,999 shares 245,999$24M7.31%0Timeline
KMXCARMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 705,214 shares; 2024Q3: 674,134 shares; 2024Q4: 559,384 shares; 2025Q1: 272,203 shares; 2025Q2: 272,203 shares 272,203$18.3M5.57%0Timeline
WHDCACTUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 499,581 shares; 2024Q3: 480,974 shares; 2024Q4: 441,964 shares; 2025Q1: 237,030 shares; 2025Q2: 357,030 shares 357,030$15.6M4.75%+120,000Timeline
SVVSAVERS VALUE VLG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q2: 1,078,437 shares 1,078,437$11M3.35%0Timeline
LMBLIMBACH HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 52,239 shares 52,239$7.32M2.23%newTimeline
HEI-AHEICO CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: 4,642 shares; 2024Q3: 4,477 shares; 2024Q4: 4,477 shares; 2025Q1: 2,171 shares; 2025Q2: 2,171 shares 2,171$562K0.17%0Timeline
BELFABEL FUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,001 shares; 2025Q2: 4,001 shares 4,001$359K0.11%0Timeline

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
PGRPROGRESSIVE CORP43,323$12.3Mshares

How Q2 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 0001540866-25-000007 base2025-08-14acceptance time not in the bulk data set