PB INVESTMENT PARTNERS, L.P. Long-Term Concentrated

CIK: 0001910391 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $157,445 (100.0% shares, 0.0% debt)

Holdings (9)

New Positions (1)

NICE NICE LTD 2.2%

Value ($000) $3,492 Shares 30,892 Est. Cost $113.04 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NICE	NICE LTD	30,892	$3,492	2.2%	$113.04	—	SPONSORED ADR	653656108

Increased Positions (2)

HGV HILTON GRAND VACATIONS INC 19.9%

Value ($000) $31,362 (+8.5%) Shares 700,832 (+1.4%) Est. Cost $40.79 Unrealized +4.2%

BLK BLACKROCK INC 9.7%

Value ($000) $15,221 (-3.5%) Shares 14,221 (+5.1%) Est. Cost $979.86 Unrealized +11.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HGV	HILTON GRAND VACATIONS INC	700,832 (+1.4%)	$31,362 (+8.5%)	19.9%	$40.79	+4.2%	COM	43283X105
BLK	BLACKROCK INC	14,221 (+5.1%)	$15,221 (-3.5%)	9.7%	$979.86	+11.2%	COM	09290D101

Decreased Positions (3)

PGR PROGRESSIVE CORP 1.0%

Value ($000) $1,543 (-73.1%) Shares 6,778 (-70.8%) Est. Cost $131.30 Unrealized +61.7%

OMF ONEMAIN HLDGS INC 12.6%

Value ($000) $19,888 (+11.2%) Shares 294,421 (-7.0%) Est. Cost $50.16 Unrealized +21.2%

BAC BANK AMERICA CORP 11.3%

Value ($000) $17,729 (+5.1%) Shares 322,345 (-1.4%) Est. Cost $36.72 Unrealized +43.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PGR	PROGRESSIVE CORP	6,778 (-70.8%)	$1,543 (-73.1%)	1.0%	$131.30	+61.7%	COM	743315103
OMF	ONEMAIN HLDGS INC	294,421 (-7.0%)	$19,888 (+11.2%)	12.6%	$50.16	+21.2%	COM	68268W103
BAC	BANK AMERICA CORP	322,345 (-1.4%)	$17,729 (+5.1%)	11.3%	$36.72	+43.4%	COM	060505104

Unchanged Positions (3)

COF CAPITAL ONE FINL CORP 23.7%

Value ($000) $37,386 Shares 154,259 Est. Cost $119.23 Unrealized +86.4%

APO APOLLO GLOBAL MGMT INC 15.1%

Value ($000) $23,701 Shares 163,726 Est. Cost $80.80 Unrealized +64.1%

GBTG GLOBAL BUSINESS TRAVEL GROUP 4.5%

Value ($000) $7,122 Shares 930,961 Est. Cost $6.33 Unrealized +22.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COF	CAPITAL ONE FINL CORP	154,259	$37,386	23.7%	$119.23	+86.4%	COM	14040H105
APO	APOLLO GLOBAL MGMT INC	163,726	$23,701	15.1%	$80.80	+64.1%	COM	03769M106
GBTG	GLOBAL BUSINESS TRAVEL GROUP	930,961	$7,122	4.5%	$6.33	+22.4%	COM CL A	37890B100