LB Partners LLC

Hedge Fund • Multi-Strategy

LB Partners LLC is a Multi-Strategy Hedge Fund based in Charlottesville, VA led by Charles Pollard Cocke, reporting $214.9M in AUM as of Q3 2025 with 48% Communication Services concentration, 83% concentrated in top 10 holdings, and 18% allocation to GOGO.

Managing PartnerCharles Pollard Cocke

Portfolio Value: $155.8M
Positions: 29
Top Holding: GOGO at 17.8%
Last Reported: Q3 2025

Address411-413a East Main St., Charlottesville, VA, 22902, United States

Top Holdings

Largest long holdings in LB Partners LLC's portfolio (82.9% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Gogo GOGO	Telecommunications Services Communication Services	$27.7M	17.80%	+$6.4M Bought	2.42% 3.2M shares	Q4 2023 Held for 1y 11m
2 WideOpenWest, Inc. WOW	Telecommunications Services Communication Services	$20.0M	12.84%	-$14.6M Sold	4.52% 3.9M shares	Q4 2023 Held for 1y 11m
3 Remitly Global, Inc. RELY	Software - Infrastructure Technology	$16.6M	10.63%	+$6.2M Bought	0.49% 1.0M shares	Q4 2023 Held for 1y 11m
4 Millicom International Cellular TIGO	Telecommunications Services Communication Services	$15.1M	9.72%	-$4.4M Sold	0.19% 312.0K shares	Q4 2023 Held for 1y 11m
5 Capital One Financial COF	Financial - Credit Services Financial Services	$13.6M	8.74%	—	0.01% 64.1K shares	Q2 2025 Held for 5 months
6 Open Lending Corporation LPRO	Financial - Credit Services Financial Services	$10.7M	6.84%	—	4.27% 5.1M shares	Q2 2025 Held for 5 months
7 American Express AXP	Financial - Credit Services Financial Services	$10.6M	6.82%	—	0.00% 32.0K shares	Q4 2023 Held for 1y 11m
8 OppFi OPFI	Software - Application Technology	$5.7M	3.64%	-$226.6K Sold	1.76% 500.0K shares	Q4 2023 Held for 1y 11m
9 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$4.6M	2.96%	—	0.00% 19.0K shares	Q4 2023 Held for 1y 11m
10 Liquidia Corporation LQDA	Biotechnology Healthcare	$4.5M	2.92%	—	0.23% 200.0K shares	Q4 2023 Held for 1y 11m

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in LB Partners LLC's latest filing

See all changes

GthenC

Market Value

$155.8M

Prior: $156.6M

Q/Q Change

-0.537%

-$841.9K

Net Flows % of MV

-1.0%

Turnover Ratio

12.62%

New Purchases

5 stocks

$4.8M

Added To

3 stocks

+$12.8M

Sold Out Of

0 stocks

Reduced Holdings

3 stocks

-$19.2M

Increased Positions

Position	Shares Δ	Change
1 NIQ Nuveen Intermediate Duration Quality Municipal Term Fund NIQ	New	0 → 194.7K +$3.1M
2 GitLab GTLB	New	0 → 20.9K +$943.6K
3 Amrize Ltd AMRZ	New	0 → 10.0K +$485.3K
4 GCI Liberty, Inc. Series C GCI Group Common Stock GLIBK	New	0 → 7.6K +$283.8K
5 Western Union WU	New	0 → 10.0K +$79.9K

Decreased Positions

Position	Shares Δ	Change
1 WideOpenWest, Inc. WOW	-42.23%	6.7M → 3.9M −$14.6M
2 Millicom International Cellular TIGO	-22.39%	402.0K → 312.0K −$4.4M
3 OppFi OPFI	-3.85%	520.0K → 500.0K −$226.6K

See all changes

GthenC

Analytics

Portfolio insights and performance metrics for LB Partners LLC

View analytics

GthenA

Sector Allocation

Communication Services

48.10%

Financial Services

24.10%

Technology

17.70%

Healthcare

2.90%

Real Estate

2.80%

Consumer Cyclical

1.10%

Basic Materials

0.40%

Energy

0.10%

Market Cap Distribution

Mega Cap (> $200B)

12.17%

Large Cap ($10B - $200B)

10.71%

Mid Cap ($2B - $10B)

26.46%

Small Cap ($300M - $2B)

43.56%

Micro Cap ($50M - $300M)

6.84%

N/A (ETF or Unknown)

0.26%

Portfolio Concentration

Top 10 Holdings %

82.91%

Top 20 Holdings %

97.84%

Top 50 Holdings %

100.0%

Top 100 Holdings %