Makaira Partners (Tom Bancroft)

Makaira Partners (Tom Bancroft) has filed 13F reports from Q2 2013 through Q1 2026. The portfolio has returned -5.4% annualized over five years, with 16.9% volatility and a maximum drawdown of 35.2%. Across all filing periods, 1.9% included restatements and 3.8% introduced new holdings. Review the fund’s investment style metrics, recent position changes, track record by individual position and sector, and related educational resources below.