13F filing recap · Q4 2016

What did Makaira Partners buy in Q4 2016?

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

Stock value

$687.92M

Positions

Estimated turnover

9.3%

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

QRTEALiberty Ventures Series A$9.18Mreported value+249.0K shares LEXEALiberty Expedia Holdings, Inc.$6.58Mreported value+166.0K shares

Increased positions

QRTEALiberty Ventures Series A$118.81Mreported value+67.0K shares+1.1%

Reduced positions

CACCCredit Acceptance Corp$4.35Mreported value-135.0K shares-87.1%

Exited positions

QRTEALiberty Ventures Series A$16.55Mprior reported value-415.0K shares-100.0%