Managers / Q2 2023 · view latest →
Francisco Partners Management, LP
CIK 0001197853 · ONE LETTERMAN DRIVE, BUILDING C, SUITE 410, SAN FRANCISCO, CA, 94129 · 415-418-2900
Summary
Francisco Partners Management, LP reported $1.1B in U.S.-listed holdings across 8 positions for Q2 2023.
The portfolio is heavily concentrated: GDRX alone accounts for 43.5% of reported value.
Compared with Q1 2023, the fund opened 0 new positions and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 97.7% · $1.0B
- Other · 2.3% · $25M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TNETTrinet Group Inc | SOLD OUT | −152.0K | 0 | −$12M | $0 |
| Satixfy Communications Ltd | HELD | +19.0K | 836.4K | −$204,519 | $351,292 |
| LZLegalZoom Com Inc | HELD | +0 | 28.63M | +$77M | $346M |
| GDRXGoodRx Hldgs Inc | HELD | +0 | 84.70M | −$62M | $468M |
| Paysafe Limited | HELD | +0 | 1.72M | −$12M | $17M |
| ETWOGBPE2Open Parent Holdings Inc | HELD | +0 | 38.69M | −$9M | $217M |
| MVLAMovella Holdings Inc | HELD | +0 | 8.50M | +$7M | $18M |
| Terran Orbital Corporation | HELD | +0 | 4.84M | −$2M | $7M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | GDRXGoodRx Hldgs Inchistory → | COM CL A | 43.52% | $468M | 84.70M |
| 2 | LZLegalZoom Com Inchistory → | COM | 32.19% | $346M | 28.63M |
| 3 | ETWOGBPE2Open Parent Holdings Inchistory → | COM CL A | 20.17% | $217M | 38.69M |
| 4 | MVLAMovella Holdings Inchistory → | COM | 1.69% | $18M | 8.50M |
| 5 | Paysafe Limited | SHS | 1.62% | $17M | 1.72M |
| 6 | Terran Orbital Corporation | COM | 0.68% | $7M | 4.84M |
| 7 | NSHEURSpire Global Inc | COM CL A | 0.12% | $1M | 2.47M |
| 8 | Satixfy Communications Ltd | ORD SHS | 0.03% | $351,292 | 836.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $292M | 3 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $461M | 3 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $573M | 3 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $719M | 5 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $623M | 5 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $861M | 6 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $1.1B | 8 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $1.1B | 8 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $1.1B | 8 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $1.1B | 8 | Feb 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $997M | 8 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $1.1B | 8 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $1.1B | 9 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $894M | 8 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $927M | 7 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $1.2B | 7 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $2.5B | 7 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $3.8B | 5 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $4.9B | 5 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $4.4B | 3 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $3.6B | 2 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $3.4B | 1 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | Under review | 1 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $23M | 2 | Aug 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $181M | 2 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $204M | 2 | Feb 18, 2020 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2019 | $17M | 2 | Oct 17, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $20M | 2 | Jul 11, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $21M | 2 | May 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $18M | 2 | Jan 25, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.