Makaira Partners - Makaira Partners LLC
As of Q4 2025, Makaira Partners reported 11 long-equity positions worth $127.9M in aggregate.
Copy-investor backtest
- Latest quarter
- +13.61%
- 1-year
- -6.34%
- 3-year
- -0.64%
- 5-year
- -32.73%
- 3-year vs S&P 500
- -55.06%
- 5-year vs S&P 500
- -87.54%
- 5-year top 5
- -44.70%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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Sells
These are the positions the manager reduced or sold out of this quarter, showing where they pulled money back. The quarter shown is Q4 2025.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| BBWI | BATH & BODY WORKS INC | Reduce -46.4% | 11.53% | 734,355 | $14.75M | $20.08 | $14.28 - $27.40(44%)$25.65 -> $20.08 |
| FLUT | FLUTTER ENTMT PLC | Reduce -49.1% | 6.96% | 41,422 | $8.91M | $215.04 | $189.33 - $261.22(36%)$252.42 -> $215.04 |
| BELFB | BEL FUSE INC | Reduce -45.0% | 7.29% | 55,000 | $9.33M | $169.63 | $129.94 - $179.41(80%)$142.50 -> $169.63 |
| LAMR | LAMAR ADVERTISING CO NEW | Reduce -29.4% | 11.88% | 120,000 | $15.19M | $126.58 | $114.45 - $134.63(60%)$122.32 -> $126.58 |
| SVV | SAVERS VALUE VLG INC | Reduce -79.6% | 1.16% | 159,110 | $1.49M | $9.34 | $7.55 - $13.88(28%)$12.98 -> $9.34 |
| WHD | CACTUS INC | Reduce -46.4% | 5.05% | 141,286 | $6.45M | $45.68 | $33.20 - $48.83(80%)$40.08 -> $45.68 |
| BELFA | BEL FUSE CL A ORD | Sold | — | 0 | $0 | — | - |