Francisco Partners Management LP Portfolio Concentration Analysis: Heavy Exposure in LegalZoom Com Inc (LZ) & GoodRx Hldgs Inc (GDRX)
This analysis examines the significant portfolio concentration of Francisco Partners Management LP, heavily weighted towards two holdings.
Francisco Partners Management LP maintains a highly concentrated investment strategy as of June 30, 2026. The fund's total portfolio value stands at approximately $348.5 million.
The bulk of the portfolio is allocated to just two companies: LegalZoom Com Inc (LZ) and GoodRx Hldgs Inc (GDRX). These positions dominate the holdings, accounting for nearly 100% of the total value based on their weight percentages alone. The fund holds a substantial position in LegalZoom Com Inc (LZ), representing about 48.56% allocation or $175.5 million, and an equally dominant position in GoodRx Hldgs Inc (GDRX) at approximately 47.88% or $173.0 million.
The sector allocation further highlights this concentration, with the portfolio split almost evenly between two sectors: Industrials and Healthcare. Francisco Partners Management LP allocates 50.35% to the Industrials sector, primarily driven by its position in LegalZoom Com Inc (LZ). The remaining 49.65% is dedicated to the Healthcare sector via GoodRx Hldgs Inc (GDRX).
This extreme concentration means that any significant change or news related to these two companies could have a profound impact on the fund's overall value and performance metrics. Investors interested in understanding this specific exposure should review detailed reports for LegalZoom Com Inc (LZ) and GoodRx Hldgs Inc.
The fund's portfolio is characterized by a limited number of holdings, with only two stocks present. This indicates that the investment thesis relies heavily on these specific companies within their respective sectors.