13F filing recap · Q2 2015

What did Makaira Partners buy in Q2 2015?

Reported stock-position changes between this filing and the previous one.

Stock value

$651.07M

Positions

Estimated turnover

29.6%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

IRMIron Mountain Inc$67.60Mreported value+2.18M shares QRTEALiberty Ventures Series A$16.09Mreported value+409.7K shares

Increased positions

VMIValmont Industries Inc$59.09Mreported value+297.1K shares+148.6%UIUbiquiti Inc.$36.49Mreported value+315.1K shares+38.0%CPLACapella Education Co$28.77Mreported value+239.7K shares+80.9%

Exited positions

IRMIron Mountain Inc$22.49Mprior reported value-616.6K shares-100.0%QRTEBLiberty Ventures Series A$17.21Mprior reported value-409.7K shares-100.0%