Makaira Partners LLC Tom Bancroft
La Jolla, CA 21 processed 13Fs on this site, 2021 Q3 to 2026 Q1 stale 2026 Q1 filed, table empty
- $128M
- 11 holdings
- 2025 Q4
- −34.4% QoQ
- Top 5 72.9%
Tom Bancroft's biggest moves in 2025 Q4 were adding to Limbach, trimming Bath & Body Works and Savers Value VLG, and selling out of Bel Fuse.
AUM over time
Latest book
| CHTR, Charter Communications | Hold | 164,000 | $208.75 | $34M | — | — | |
| DPZ, Domino's Pizza | Hold | 37,000 | $416.82 | $15M | — | — | |
| LAMR, Lamar Advertising | Reduce −29.4% | 120,000 | $126.58 | $15M | −50,000 | −$5.6M | |
| BBWI, Bath & Body Works | Reduce −46.4% | 734,355 | $20.08 | $15M | −635,645 | −$21M | |
| CDW | Hold | 100,000 | $136.20 | $14M | — | — | |
| BELFB, Bel Fuse | Reduce −45.0% | 55,000 | $169.63 | $9.3M | −45,000 | −$4.8M | |
| FLUT, Flutter Entertainment | Reduce −49.1% | 41,422 | $215.04 | $8.9M | −40,000 | −$12M | |
| LMB, Limbach | Add +95.7% | 102,239 | $77.85 | $8M | +50,000 | +$2.9M | |
| WHD, Cactus | Reduce −46.4% | 141,286 | $45.68 | $6.5M | −122,123 | −$3.9M | |
| SVV, Savers Value VLG | Reduce −79.6% | 159,110 | $9.34 | $1.5M | −620,890 | −$8.8M | |
| HEI, Heico | Hold | 2,171 | $252.43 | $548K | — | — |
Exits / last held
Gone since 2025 Q3, shown at their last reported size.
| Stock | % of portfolio | Recent activity | Shares | Reported price* | Value | Share change | $ change |
|---|---|---|---|---|---|---|---|
| BELFA, Bel Fuse | Exit | 0 | $116.47 | $466K | −4,001 | −$466K |
Filings history
19 periods, with AUM normalized
| Period | Holds | AUM | QoQ | Form | Filed | Filing ID |
|---|---|---|---|---|---|---|
| 2026 Q1 | empty | — | — | 13F-HR | 5/15/2026 | 000154086626000002 |
| 2025 Q4 | 11 | $128M | −34.4% | 13F-HR | 2/11/2026 | 000142050626000298 |
| 2025 Q3 | 12 | $195M | −40.7% | 13F-HR | 11/17/2025 | 000154086625000008 |
| 2025 Q2 | 13 | $329M | +10.4% | 13F-HR | 8/14/2025 | 000154086625000007 |
| 2025 Q1 | 13 | $298M | −49.2% | 13F-HR | 5/14/2025 | 000154086625000005 |
| 2024 Q4 | 12 | $641M | — | RESTATEMENT | 2/26/2025 | 000154086625000003 |
| 2024 Q4 | 12 | $587M | −24.6% | 13F-HR | 2/14/2025 | 000154086625000002 |
| 2024 Q3 | 12 | $778M | +0.9% | 13F-HR | 11/14/2024 | 000154086624000006 |
| 2024 Q2 | 11 | $771M | −7.0% | 13F-HR | 8/15/2024 | 000154086624000004 |
| 2024 Q1 | 10 | $829M | +9.2% | 13F-HR | 5/14/2024 | 000154086624000003 |
| 2023 Q4 | 10 | $759M | −1.0% | 13F-HR | 2/14/2024 | 000154086624000002 |
| 2023 Q3 | 10 | $767M | +3.8% | 13F-HR | 11/14/2023 | 000154086623000005 |
| 2023 Q2 | 10 | $739M | −3.5% | 13F-HR | 8/14/2023 | 000154086623000004 |
| 2023 Q1 | 10 | $766M | +11.2% | 13F-HR | 5/15/2023 | 000154086623000003 |
| 2022 Q4 | 11 | $689M | +14.1% | 13F-HR | 2/14/2023 | 000154086623000002 |
| 2022 Q3 | 10 | $604M | +36.3% | 13F-HR | 11/14/2022 | 000154086622000007 |
| 2022 Q2 | 9 | $443M | +2.8% | 13F-HR | 8/15/2022 | 000154086622000006 |
| 2022 Q1 | 8 | $431M | −21.4% | 13F-HR | 5/17/2022 | 000154086622000004 |
| 2022 Q1 | 1 | $56M | — | new holds | 5/17/2022 | 000154086622000005 |
| 2021 Q4 | 11 | $548M | +15.9% | 13F-HR | 2/14/2022 | 000154086622000002 |
| 2021 Q3 | 10 | $473M | — | 13F-HR | 11/15/2021 | 000154086621000006 |
About
Makaira Partners LLC
21 processed 13Fs on this site, 2021 Q3 to 2026 Q1