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%
Private Fund 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

- Investment companies
- Pooled investment vehicles
- State or municipal government entities
- Insurance companies

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

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

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count3 GAV$450,785,175
Fund TypeOther Private Fund Count1 GAV$10,151,077

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Top Holdings

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Stck Ticker115236101 Stock NameBROWN & BROWN INC $ Position$29,471,506 % Position3.00% $ Change # Change
Stck Ticker002824100 Stock NameABBOTT LABS $ Position$24,623,310 % Position3.00% $ Change # Change
Stck Ticker231561101 Stock NameCURTISS WRIGHT CORP $ Position$28,644,019 % Position3.00% $ Change # Change
Stck TickerG29183103 Stock NameEATON CORP PLC $ Position$24,612,734 % Position3.00% $ Change # Change
Stck Ticker525327102 Stock NameLEIDOS HOLDINGS INC $ Position$25,517,976 % Position3.00% $ Change # Change
Stck Ticker743315103 Stock NamePROGRESSIVE CORP $ Position$29,284,919 % Position3.00% $ Change # Change
Stck Ticker743606105 Stock NamePROSPERITY BANCSHARES INC $ Position$16,503,453 % Position2.00% $ Change # Change
Stck Ticker693506107 Stock NamePPG INDS INC $ Position$19,160,471 % Position2.00% $ Change # Change
Stck Ticker74164M108 Stock NamePRIMERICA INC $ Position$20,431,133 % Position2.00% $ Change # Change

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, 2023 the Adviser had $579,209,675 client assets under management, all of which was managed on a discretionary basis.