Makaira Partners LLC Q3 2022 vs. Q4 2022 13F Holdings: A Look at the Changes

The 13F filings of Makaira Partners LLC for the third and fourth quarter of 2022 reveal interesting changes in their holdings. From the data, it's clear that the investment management firm made some significant moves during this period. In this article, we'll take a closer look at the changes that have taken place and their potential impact.

First, Makaira Partners LLC increased its holdings in Activision Blizzard by 5.8%, with 1,566,167 shares in Q3 and 1,609,044 shares in Q4. Similarly, they increased their shares in Liberty Broadband Series C ORD from 1,468,633 to 1,507,613, representing a 6.1% increase. These two companies alone accounted for an increase in value of $11,017,000.

Bath and Body Works Ord witnessed the most significant change in holdings, with Makaira Partners LLC increasing their shares by 2.8%, from 2,329,179 to 2,393,799. There was also a substantial increase in the value of their holdings, from $75,931,000 to $100,874,000, marking a 32.9% increase. This stake alone accounts for much of the increase in the total value of their holdings between Q3 and Q4.

The investment management firm also increased their holdings in Progressive Ord, CDW Ord, and Lamar Advertising CL A REIT, with the value of these holdings rising by 14.6%, 17.3%, and 29.4%, respectively. However, they reduced their holdings in CarMax Ord by 5.3% during this period, with shares dropping from 926,201 to 950,893.

Perhaps the most interesting change was in their holdings of First Republic Bank Ord. While they previously held no shares in the company, they acquired 75,000 shares in Q4, valued at $9,141,000.

Finally, Heico CL A Ord witnessed a modest increase of 5.2%, from 53,087 shares to 53,437 shares, while Zebra Technologies CL A ORD saw a marginal increase of just 0.2%.

In conclusion, the third and fourth quarter 13F filings of Makaira Partners LLC reveal an overall increase in value of their holdings by $51,883,000. While their holdings in Bath and Body Works Ord were the primary contributors to this increase, their moves in Activision Blizzard, Liberty Broadband Series C ORD, and First Republic Bank Ord are also intriguing. It remains to be seen how these changes will play out in the long run, but it's clear that Makaira Partners LLC remains an active player in the investment management space.