TIMUCUAN ASSET MANAGEMENT INC

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Adviser Profile

As of Date:

05/07/2024

Adviser Type:

- Large advisory firm

Number of Employees:

11

of those in investment advisory functions:

7

Registration:

SEC, Approved, 3/1/1990

AUM:

3,308,171,103 24.08%

of that, discretionary:

3,107,362,674 25.47%

GAV:

741,742,418 26.87%

Avg Account Size:

5,578,703 28.05%

% High Net Worth:

92.24% 0.45%

SMA’s:

YES

Private Funds:

2

Contact Info

904 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
3B 3B 2B 2B 1B 854M 427M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Timucuan Asset Management Inc Buys Clarivate PLC, Dream Finders Homes Inc, Sells Insight ...
11/10/2021

Related Stocks: CLVT, DFH, NSIT, BAMR,

gurufocus.com

Siem Industries Inc.
03/23/2021

Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...

Barrons


Private Funds Structure

Fund Type Count GAV
Hedge Fund 1 $741,302,339
Private Equity Fund 1 $440,079

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Private Funds



Employees




Brochure Summary

Overview

ADVISORY BUSINESS Timucuan Asset Management, Inc. ("Timucuan," the "Adviser," or the “Firm”) was established in 1988 to meet demand for asset management services from high net worth individuals, family offices and institutional investors. Timucuan has been registered as an investment adviser with the U.S. Securities and Exchange Commission (the "SEC") since 1990 and is owned by Russell B. Newton, III, who also serves as the Adviser's Chairman. Timucuan generally has discretionary investment authority with respect to client accounts, but some accounts also include certain equity, bond or other security positions that the particular client does not want to sell and that are not subject to Adviser discretionary trading authority. Clients may impose restrictions on investing in certain securities or types of securities in their accounts. Timucuan provides advice exclusively on the investable assets entrusted to its care and does not normally advise clients with respect to their overall asset portfolio. As a result, the Adviser's core investment management services are appropriate only with respect to that specific portion of a client's overall asset portfolio. Clients are responsible for determining that portion of their investable assets to allocate to Timucuan for management. Timucuan seeks to achieve maximum long-term capital growth for its clients through the ownership of outstanding business enterprises. Central to Timucuan's investment strategy is the belief of investing in businesses, not the market. The management team of a company under analysis must demonstrate a history of integrity in aligning their interests with those of their shareholders, while making intelligent capital allocation decisions. Timucuan then assesses the underlying strength of the franchise and its competitive advantages. The firm seeks to own
such a business only if it may be purchased at a market price that represents a substantial discount to its intrinsic value. The Adviser also manages wrap fee accounts and acts as a sub-advisor or dual manager through third party platforms using the same approach. The Adviser's discretionary separate client accounts typically target a concentrated portfolio of 12 to 18 businesses, with expected average holding periods of three to five years. Some client accounts also include an allocation to government, corporate or municipal bonds. As of the date of this Brochure, the Adviser managed approximately 504 separate client accounts as well as two private investment funds (each a "Fund" and together the "Funds"). Timucuan Fund, L.P. ("Timucuan Fund") and its predecessor fund have operated since September 1990. TAM Ortho Series A of Timucuan Private Capital Investors, LLC was formed to make a collective investment in a single company during 2013. Timucuan has complete discretion to direct the ongoing investment of Timucuan Fund assets subject to the investment authority, objectives and strategies outlined in the Limited Partnership Agreement, Private Offering Memorandum and Subscription Package of the Timucuan Fund (collectively, the "Offering Documents"). Timucuan or a Timucuan affiliate serves as the general partner or manager of each Fund. Nothing in this Brochure constitutes an offer to sell or the solicitation of an offer to purchase Timucuan Fund limited partnership interests. Such an offer may be made only by means of the respective Fund's Offering Documents addressed to the intended recipient. As of December 31, 2022, Timucuan had approximately $2,666.2 million of assets under management in 612 client accounts and the Funds, including approximately $2,476.5 million managed on a discretionary basis.