Investment adviser · CRD 153729

MAKAIRA PARTNERS, LLC

Investment adviser filing (IA)

LA JOLLA, CA, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $210M
Client accounts: 3
Employees: 4
Advisory professionals: 3

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	3	$209,807,000	100.0%
Individuals	Fewer than 5	$0	0.0%
High-net-worth individuals	Fewer than 5	$0	0.0%
Banks & thrifts	Fewer than 5	$0	0.0%
Retirement plans	Fewer than 5	$0	0.0%
Charities	Fewer than 5	$0	0.0%
Government entities	Fewer than 5	$0	0.0%
Other investment advisers	Fewer than 5	$0	0.0%
Insurance companies	Fewer than 5	$0	0.0%
Sovereign wealth & foreign institutions	Fewer than 5	$0	0.0%
Corporations & businesses	Fewer than 5	$0	0.0%

Filing source

Form ADV 2084920 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

4 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

MAKAIRA OFFSHORE MASTER FUND LPHedge Fund · Last reported Mar 31, 2026$210MGross asset value

Feeder funds

Fund administrator SS&C TECHNOLOGIES INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor EISNER AMPER LLP SAN FRANCISCO, California, United States

Auditor EISNER AMPER US (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands

Custodian NORTHERN TRUST INTERNATIONAL BANKING CORP. JERSEY CITY, New Jersey, United States Related to adviser: No

Custodian WELLS FARGO SECURITIES, LLC CHARLOTTE, New Jersey, United States Related to adviser: No

Prime broker WELLS FARGO SECURITIES, LLC CHARLOTTE, North Carolina, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

EISNER AMPER LLP
PCAOB 274

EISNER AMPER US (CAYMAN) LTD.
PCAOB 274

WELLS FARGO SECURITIES, LLC
SEC 8-65876

WELLS FARGO SECURITIES, LLC
CRD 126292 · SEC 8-65876

Fund details & source

Fund ID: 805-1833129905
Reported beneficial owners: 32
Minimum commitment: $5M
Form D file number: 021-153111

Form ADV 2084920 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MAKAIRA INVESTORS LPHedge Fund · Last reported Jan 31, 2018$171MGross asset value

Form D fundraising filings

MAKAIRA INVESTORS LP

Fund administrator SS&C TECHNOLOGIES WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor EISNER AMPER LLP SAN FRANCISCO, California, United States

Custodian NORTHERN TRUST INTERNATIONAL BANKING CORP. JERSEY CITY, New Jersey, United States Related to adviser: No

Custodian WELLS FARGO SECURITIES, LLC CHARLOTTE, North Carolina, United States Related to adviser: No

Prime broker WELLS FARGO SECURITIES, LLC CHARLOTTE, North Carolina, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

EISNER AMPER LLP
PCAOB 274

WELLS FARGO SECURITIES, LLC
SEC 8-65876

WELLS FARGO SECURITIES, LLC
CRD 126292 · SEC 8-65876

Fund details & source

Fund ID: 805-5440352298
Reported beneficial owners: 31
Minimum commitment: $2M
Form D file number: 021-153110

Form ADV 1167570 · Jan 31, 2018 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

BBH WEALTH STRATEGIES, LLC - BBH MAKAIRA PARTNERS SERIESHedge Fund · Last reported Nov 12, 2024$304MGross asset value

Form D fundraising filings

BBH Wealth Strategies, LLC - BBH Makaira Partners Series

Fund administrator BROWN BROTHERS HARRIMAN & CO. BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian BROWN BROTHERS HARRIMAN & CO. BOSTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-9246835951
Reported beneficial owners: 669
Minimum commitment: $250K
Form D file number: 021-452180

Form ADV 1899802 · Nov 12, 2024 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MAKAIRA INDICA, L.P.Hedge Fund · Last reported Mar 29, 2019$162MGross asset value

Form D fundraising filings

Makaira Indica, L.P.

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor EISNER AMPER LLP SAN FRANCISCO, California, United States

Custodian NORTHERN TRUST INTERNATIONAL BANKING CORP. JERSEY CITY, New Jersey, United States Related to adviser: No

Custodian WELLS FARGO SECURITIES, LLC CHARLOTTE, North Carolina, United States Related to adviser: No

Prime broker WELLS FARGO SECURITIES, LLC CHARLOTTE, North Carolina, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

EISNER AMPER LLP
PCAOB 274

WELLS FARGO SECURITIES, LLC
SEC 8-65876

WELLS FARGO SECURITIES, LLC
CRD 126292 · SEC 8-65876

Fund details & source

Fund ID: 805-7608979744
Reported beneficial owners: 1
Minimum commitment: $5M
Form D file number: 021-181316

Form ADV 1299519 · Mar 29, 2019 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

7817 IVANHOE AVENUE, #310
LA JOLLA, CA, 92037, United States

CRD 153729

Filing source

Form ADV 2084920 · Mar 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.