Q2 2026 13F · SEC CIK 1694127
LFL Advisers, LLC
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $374.0M
- Reported positions
- 9
- Top holdings a year, 3 yrs
- +19.3%
- Assets under management
- $506.8M
LFL Advisers, LLC is a hedge fund that reported 9 positions worth $374.0M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Bank of Ny Mellon Corp (BNY, 17.8%), Lamar Advertising Co New Cl A (LAMR, 13.1%), Te Connectivity PLC (TEL, 12.5%). A portfolio copying its top holdings returned 19.3% a year over the last 3 years, against 20.4% for the S&P 500.
LFL Advisers, LLC holdings all 9 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| BNYBank of Ny Mellon Corp | 17.8% | +0.4% | $66.7M |
| LAMRLamar Advertising Co New Cl A | 13.1% | -0.9% | $48.9M |
| TELTe Connectivity PLC | 12.5% | -0.5% | $46.9M |
| AONAon PLC | 12.1% | +7.9% | $45.3M |
| SUNBSunbelt Rentals Holdings Inc | 10.8% | -18.3% | $40.3M |
| PGRProgressive Corp | 10.1% | +22.6% | $37.7M |
| ALVAutoliv Inc | 9.8% | -0.3% | $36.5M |
| GOOGAlphabet Inc | 9.6% | -0.3% | $35.7M |
| BRK-BBerkshire Hathaway Inc Del | 4.2% | -0.4% | $15.9M |
What LFL Advisers, LLC bought and sold in Q2 2026, against Q1 2026.
New positions
No new positions among the largest holdings.
Added to
- PGR Progressive Corp+22.6% shares
- AON Aon PLC+7.9% shares
Reduced
- SUNB Sunbelt Rentals Holdings Inc-18.3% shares
Sold out
Nothing sold out.
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +20.4% /yr
- S&P 500 +20.1%
- 3 years
- +19.3% /yr
- S&P 500 +20.4%
- 5 years
- +10.5% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $374.0M | 9 |
| Q1 2026 | $332.4M | 9 |
| Q4 2025 | $304.8M | 8 |
| Q3 2025 | $288.9M | 8 |
| Q2 2025 | $250.2M | 8 |
| Q1 2025 | $228.6M | 8 |
| Q4 2024 | $256.7M | 9 |
| Q3 2024 | $279.0M | 10 |
| Q2 2024 | $254.1M | 11 |
| Q1 2024 | $277.0M | 11 |
| Q4 2023 | $230.0M | 11 |
| Q3 2023 | $204.6M | 11 |
Questions about LFL Advisers, LLC's portfolio
What stocks does LFL Advisers, LLC own?
LFL Advisers, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 9 positions worth $374.0M. The largest are Bank of Ny Mellon Corp (BNY) at 17.8%, Lamar Advertising Co New Cl A (LAMR) at 13.1%, Te Connectivity PLC (TEL) at 12.5%, Aon PLC (AON) at 12.1% and Sunbelt Rentals Holdings Inc (SUNB) at 10.8%.
What did LFL Advisers, LLC buy last quarter?
In Q2 2026, LFL Advisers, LLC added Progressive Corp (PGR) (+22.6% shares) and Aon PLC (AON) (+7.9% shares), compared with its Q1 2026 filing.
What did LFL Advisers, LLC sell last quarter?
In Q2 2026, LFL Advisers, LLC Sunbelt Rentals Holdings Inc (SUNB) (-18.3% shares), compared with its Q1 2026 filing.
How has LFL Advisers, LLC's portfolio performed?
A portfolio copying LFL Advisers, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +20.4% against +20.1%. Over 5 years: +10.5% a year against +11.6%.
When is LFL Advisers, LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. LFL Advisers, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does LFL Advisers, LLC manage?
LFL Advisers, LLC reported $506.8M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $374.0M.