PROSPECTOR PARTNERS, LLC

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Adviser Profile

As of Date:

03/21/2024

Adviser Type:

- Large advisory firm
- An investment adviser (or subadviser) to an investment company

Number of Employees:

14 7.69%

of those in investment advisory functions:

9

Registration:

SEC, Approved, 7/11/2005

AUM:

715,799,756 6.54%

of that, discretionary:

715,799,756 6.54%

GAV:

460,936,252 -2.90%

Avg Account Size:

102,257,108 6.54%

SMA’s:

YES

Private Funds:

4

Contact Info

203 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
857M 734M 612M 490M 367M 245M 122M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Hedge Fund 3 $450,785,175
Other Private Fund 1 $10,151,077

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Private Funds



Employees




Top Holdings

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084670702 BERKSHIRE HATHAWAY INC DEL $34,381,311 4.00% 2.00% 0.00%
115236101 BROWN & BROWN INC $20,677,152 3.00% 2.00% 0.00%
231561101 CURTISS WRIGHT CORP $20,848,688 3.00% 14.00% 0.00%
363576109 GALLAGHER ARTHUR J & CO $22,612,584 3.00% -1.00% 0.00%
37959E102 GLOBE LIFE INC $25,178,999 3.00% 12.00% 0.00%
525327102 LEIDOS HOLDINGS INC $23,129,589 3.00% 18.00% 0.00%
537008104 LITTELFUSE INC $17,852,941 2.00% 50.00% 39.00%
44267t102 HOWARD HUGHES HOLDINGS INC $12,673,035 2.00% 19.00% 3.00%
609207105 MONDELEZ INTL INC $16,089,310 2.00% 5.00% 0.00%
58933Y105 MERCK & CO INC $17,245,547 2.00% 6.00% 0.00%

Brochure Summary

Overview

The Adviser is an investment adviser with its principal place of business in Guilford, CT. The Adviser commenced operations as an investment adviser in March, 1997 and has been registered with the SEC since July, 2005. John D. Gillespie and Kevin R. O’Brien are the principal owners of the Adviser. The Adviser provides discretionary investment management services to various institutional clients, including, but not limited to, private investment funds, a registered investment company, insurance companies, and other corporate or institutional entities. In this regard, the Adviser acts as the investment manager to the following private investment funds (collectively, the "Investment Funds"): Prospector Partners Fund, L.P. ("Partners Fund"); Prospector Partners Small Cap Fund, L.P. ("Small Cap Fund"); Prospector Turtle Fund, L.P. ("Turtle Fund"); and Prospector Summit Fund,
L.P. (“Summit Fund”). An affiliate of the Adviser serves as the general partner of Partners Fund, Small Cap Fund, Turtle Fund and Summit Fund. The Adviser provides advice to client accounts based on specific investment objectives and strategies as outlined in an investment management agreement or confidential offering memorandum in the case of the Investment Funds. Separate account clients may impose restrictions on investing in certain securities or certain types of securities. These restrictions are specified in the investment management agreement with the client. The Adviser has an affiliated adviser, Prospector Partners Asset Management, LLC (“PPAM”). PPAM serves as investment adviser to a registered investment company, Prospector Funds, Inc. As of December 31, 2022 the Adviser had $515,494,898 client assets under management, all of which was managed on a discretionary basis.