What did Tom Bancroft buy in Q4 2025?

Tom Bancroft opened 0 new positions and added to 1 existing holding in the Q4 2025 13F.

What did Tom Bancroft sell in Q4 2025?

Tom Bancroft exited 1 position (BELFA) and trimmed 6.

What Tom Bancroft bought and sold in Q4 2025

In Q4 2025, Tom Bancroft (Makaira Partners) added to 1, trimmed 6, exited 1 (BELFA). The book stood at $128M across 11 positions, filed Feb 11, 2026.

0New1Added6Trimmed1Exited

Share𝕏 in

Added to (1)

LMBLimbach Holdings Inc+96% shares · 6.2% · $8M

Trimmed (6)

LAMRLamar Advertising Co-a-29% shares · 11.9% · $15M
BBWIBath & Body Works Inc-46% shares · 11.5% · $15M
BELFBBel Fuse Inc-cl B-45% shares · 7.3% · $9M
FLUTFlutter Entmt Plc-49% shares · 7.0% · $9M
WHDCactus Inc - A-46% shares · 5.0% · $6M
SVVSavers Value Village Inc-80% shares · 1.2% · $1M

Exited (1)

BELFABel Fuse Inc-cl Awas 0.2% of book

Tom Bancroft's other filings

Q1 2026 changes Q3 2025 changes Q2 2025 changes Q1 2025 changes

Tom Bancroft's full portfolio →The whole cohort in Q4 2025 →

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.