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Focused investors/Makaira Partners

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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Updated 2026-06-06 from SEC 13F data.

Live quotes available for 6 of 12 rows. Rows without a quote are marked unavailable.

1LBRDKLIBERTY BROADBAND - C23.50%Reduce -10.0%610,711$75.7M$123.9652w: $80.71 - $131.09; reported $123.96
2QRTEAQURATE RETAIL INC - SERIES A14.84%Reduce -12.5%5,029,916$47.78MNo quoteNo quote
3KMXCARMAX INC12.16%Reduce -25.0%437,377$39.17M$89.5552w: $37.59 - $103.18; reported $89.55
4GLIBAGCI LIBERTY INC - CLASS A11.76%Reduce -43.5%532,492$37.87M$71.12No quote
5CDWCDW CORP/DE10.42%Reduce -25.0%288,982$33.57M$116.1852w: $73.39 - $146.09; reported $116.18
6LBL BRANDS INC8.59%Reduce -12.5%1,848,654$27.67MNo quoteNo quote
7ZBRAZEBRA TECHNOLOGIES CORP - CL A8.57%Reduce -68.3%107,879$27.61M$255.9552w: $150.06 - $278.60; reported $255.95
8CDKCDK GLOBAL INC8.42%Add +18.6%654,959$27.13MNo quoteNo quote
9WHDCACTUS INC - A0.86%Reduce -10.0%135,000$2.79M$20.6352w: $8.16 - $35.28; reported $20.63
10HEI/AHEICO CORP - CLASS ACUSIP 4228062080.86%-34,191$2.78MNo quoteNo quote
12IAAIAA INC-Sold0$0No quoteNo quote
11HEIHEICO CORP-Sold0$0No quoteNo quote