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	18.16%	Add +0.3%	6,338,497	$159.54M	No quote	No quote
2	ZBRA	ZEBRA TECHNOLOGIES CORP	15.68%	Reduce -22.4%	989,576	$137.74M	$139.19	No quote
3	CDW	CDW CORP	13.64%	Reduce -14.7%	1,704,070	$119.81M	$70.31	No quote
4	WAIR	WESCO AIRCRAFT HLDGS INC	12.62%	Add +6.3%	10,817,428	$110.88M	No quote	No quote
5	GLIBA	GCI LIBERTY INC	11.54%	New	1,918,082	$101.39M	$52.86	No quote
6	LB	L BRANDS INC	10.98%	Add +235.5%	2,523,582	$96.43M	No quote	No quote
7	IRM	IRON MTN INC	6.79%	Add +1.4%	1,816,574	$59.69M	No quote	No quote
8	COMM	COMMSCOPE HOLDING CO INC	6.23%	Reduce -0.1%	1,369,698	$54.75M	No quote	No quote
9	VMI	VALMONT INDUSTRIES INC	2.99%	Reduce -43.1%	179,680	$26.29M	No quote	No quote
10	CAAP	CORPORACION AMER ARPTS SA	1.36%	New	971,400	$11.99M	$12.34	No quote
13	MMS	MAXIMUS INC	-	Sold	0	$0	No quote	No quote
12	LVNTA	LIBERTY INTERACTIVE CORP	-	Sold	0	$0	No quote	No quote
11	CACC	CREDIT ACCEP CORP MICH	-	Sold	0	$0	No quote	No quote