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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Filing period

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

Live quotes available for 4 of 13 rows. Rows without a quote are marked unavailable.


1	QVCA	LIBERTY INTERACTIVE CORP	22.86%	Reduce -0.6%	7,469,987	$176.07M	No quote	No quote
2	ZBRA	ZEBRA TECHNOLOGIES CORP	16.96%	Reduce -0.6%	1,203,180	$130.64M	$108.58	No quote
3	CDW	CDW CORP	16.13%	Reduce -0.6%	1,882,800	$124.27M	$66.00	No quote
4	WAIR	WESCO AIRCRAFT HLDGS INC	12.41%	Add +5.4%	10,173,818	$95.63M	No quote	No quote
5	COMM	COMMSCOPE HLDG CO INC	9.95%	Add +14.1%	2,307,447	$76.63M	No quote	No quote
6	IRM	IRON MTN INC NEW	9.69%	Reduce -0.6%	1,918,793	$74.64M	No quote	No quote
7	VMI	VALMONT INDS INC	6.11%	Reduce -0.6%	297,620	$47.05M	No quote	No quote
8	LVNTA	LIBERTY INTERACTIVE CORP	3.52%	Add +16.1%	471,099	$27.11M	No quote	No quote
9	MMS	MAXIMUS INC	1.19%	Reduce -0.6%	142,249	$9.18M	$64.50	No quote
10	CACC	CREDIT ACCEP CORP MICH	0.81%	Reduce -0.4%	22,170	$6.21M	$280.15	No quote
11	CHUBK	COMMERCEHUB INC	0.25%	Reduce -0.4%	88,913	$1.9M	No quote	No quote
12	CHUBA	COMMERCEHUB INC	0.13%	Reduce -0.4%	44,458	$1M	No quote	No quote
13	LEXEA	LIBERTY EXPEDIA HOLDINGS INC	-	Sold	0	$0	No quote	No quote