Makaira Partners, LLC (La Jolla)

Makaira Partners, LLC is a large advisory firm based in La Jolla. It manages $815.35 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Makaira Partners provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Makaira Partners: assets under management

The assets under management (AUM) of Makaira Partners, LLC is $815.35 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 651% since the beginning of its operation, and $96.34 million of the total AUM is attributable to clients outside of the United States.

The firm manages $815.35 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $203.84 million each.

Makaira Partners has custody of $601.84 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Makaira Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Makaira Partners serves?

The only and largest group of clients of Makaira Partners is pooled investment vehicles with 3 clients and $601.84 million of assets under management. Among the 11 most similar advisory firms, Makaira Partners has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $601.84 million for 3 clients. 50% of the firm’s clients are foreign persons or businesses.

Makaira Partners also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Makaira Partners, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Moore Bancroft	Partner, pm & cio	1 Nov 2006	50% - 75%	2287430
Joon Ku Lee	Partner and analyst	1 Nov 2006	Other	4445852
Sean Hidey	Partner, cco and coo	1 Jan 2007	Other	858402
Adam Joseph Garcia	Partner, cco and cfo	1 Jan 2016	Other	6735970

Based in La Jolla

The principal office where Makaira Partners, LLC performs its advisory services is located at 7776 Ivanhoe Avenue, La Jolla, CA 92037, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-626-2929 or by fax 858-408-3397. The normal business hours are 7 am to 6 pm on Monday - Friday.