Francisco Partners Management, LP
Long book
$291.8M
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
+35.7%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsFrancisco Partners Management, LP is a diversified fundamental manager, specialised in technology (96% of the long book), running a $291.8M US long book across 3 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: LEGALZOOMCOM INC, GOODRX HOLDINGS INC-CLASS A, PAYSAFE LTD.
Over the last 9 quarters its long book ran on average 8.7pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-9.9%
Q2 2024
-7.2%
Q3 2024
-8.8%
Q4 2024
+2.1%
Q1 2025
+7.0%
Q2 2025
-0.4%
Q3 2025
-19.6%
Q4 2025
-36.7%
Q1 2026
+35.7%
Sector allocation
Technology 96%
Services media 4%
Long book by quarter
What does Francisco Partners own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 3 | $291.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 3 | $461.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 3 | $573.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 5 | $718.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 5 | $622.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 6 | $860.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 8 | $1.07B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 8 | $1.14B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 8 | $1.09B | canonical | SEC ↗ |