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Makaira Partners LLC

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13F filer, CIK 1540866, LA JOLLA, CA

Makaira Partners LLC reported $127,897,188 across 11 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-11. Its ten largest share positions make up 99.57% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-26-000298

Period
2025-12-31
Reported value
$128M
Holdings
11
Top 10 weight
99.57%
New
0
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LMBadded+50,000$3.89M

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
BBWIreduced-635,645-$12.8M
FLUTreduced-40,000-$8.6M
BELFBreduced-45,000-$7.63M
LAMRreduced-50,000-$6.33M
SVVreduced-620,890-$5.8M

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, Q4 2025

Share positions as resolved from 13F-HR 0001420506-26-000298, largest first. % of portfolio is the value over $127,897,188, 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; 2024Q1: restricted; 2024Q2: 372,769 shares; 2024Q3: 358,681 shares; 2024Q4: 373,191 shares; 2025Q1: 200,162 shares; 2025Q2: 200,162 shares; 2025Q3: 164,000 shares; 2025Q4: 164,000 shares 164,000$34.2M26.77%0Timeline
DPZDOMINOS PIZZA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: 167,329 shares; 2024Q3: 159,129 shares; 2024Q4: 138,439 shares; 2025Q1: 64,964 shares; 2025Q2: 64,964 shares; 2025Q3: 37,000 shares; 2025Q4: 37,000 shares 37,000$15.4M12.06%0Timeline
LAMRLAMAR ADVERTISING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: 901,371 shares; 2024Q3: 718,898 shares; 2024Q4: 530,483 shares; 2025Q1: 224,260 shares; 2025Q2: 224,260 shares; 2025Q3: 170,000 shares; 2025Q4: 120,000 shares 120,000$15.2M11.88%-50,000Timeline
BBWIBATH & BODY WORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,370,000 shares; 2025Q4: 734,355 shares 734,355$14.7M11.53%-635,645Timeline
CDWCDW CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: 404,398 shares; 2024Q3: 384,560 shares; 2024Q4: 382,798 shares; 2025Q1: 155,305 shares; 2025Q2: 155,305 shares; 2025Q3: 100,000 shares; 2025Q4: 100,000 shares 100,000$13.6M10.65%0Timeline
BELFBBEL FUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 245,999 shares; 2025Q2: 245,999 shares; 2025Q3: 100,000 shares; 2025Q4: 55,000 shares 55,000$9.33M7.29%-45,000Timeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: 199,320 shares; 2024Q4: 198,435 shares; 2025Q1: 106,422 shares; 2025Q2: 106,422 shares; 2025Q3: 81,422 shares; 2025Q4: 41,422 shares 41,422$8.91M6.96%-40,000Timeline
LMBLIMBACH HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: not reported; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 52,239 shares; 2025Q3: 52,239 shares; 2025Q4: 102,239 shares 102,239$7.96M6.22%+50,000Timeline
WHDCACTUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: 499,581 shares; 2024Q3: 480,974 shares; 2024Q4: 441,964 shares; 2025Q1: 237,030 shares; 2025Q2: 357,030 shares; 2025Q3: 263,409 shares; 2025Q4: 141,286 shares 141,286$6.45M5.05%-122,123Timeline
SVVSAVERS VALUE VLG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 780,000 shares; 2025Q4: 159,110 shares 159,110$1.49M1.16%-620,890Timeline
HEI-AHEICO CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: 4,642 shares; 2024Q3: 4,477 shares; 2024Q4: 4,477 shares; 2025Q1: 2,171 shares; 2025Q2: 2,171 shares; 2025Q3: 2,171 shares; 2025Q4: 2,171 shares 2,171$548K0.43%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
BELFABEL FUSE INC4,001$466Kshares

How Q4 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 0001420506-26-000298 base2026-02-11acceptance time not in the bulk data set