Long Path Partners Fund, L.P. 13F annual report

Long Path Partners Fund, L.P. is an investment fund managing more than $172 million ran by William Brennan. There are currently 7 companies in Mr. Brennan’s portfolio. The largest investments include Fleetcor Technologies Inc and Alkami Technology Inc, together worth $77.1 million.

$172 million Assets Under Management (AUM)

As of 6th May 2022, Long Path Partners Fund, L.P.’s top holding is 207,817 shares of Fleetcor Technologies Inc currently worth over $51.8 million and making up 30.2% of the portfolio value. Relative to the number of outstanding shares of Fleetcor Technologies Inc, Long Path Partners Fund, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 1,767,750 shares of Alkami Technology Inc worth $25.3 million. The third-largest holding is Zendesk Inc worth $24.6 million and the next is Salesforce Com Inc worth $23 million, with 108,173 shares owned.

Currently, Long Path Partners Fund, L.P.'s portfolio is worth at least $172 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Long Path Partners Fund, L.P.

The Long Path Partners Fund, L.P. office and employees reside in Stamford, Connecticut. According to the last 13-F report filed with the SEC, William Brennan serves as the Managing Member of the General Partner at Long Path Partners Fund, L.P..

Recent trades

In the most recent 13F filing, Long Path Partners Fund, L.P. revealed that it had opened a new position in Alkami Technology Inc and bought 1,767,750 shares worth $25.3 million.

The investment fund also strengthened its position in Zendesk Inc by buying 26,538 additional shares. This makes their stake in Zendesk Inc total 204,651 shares worth $24.6 million. Zendesk Inc dropped 25.8% in the past year.

On the other hand, there are companies that Long Path Partners Fund, L.P. is getting rid of from its portfolio. Long Path Partners Fund, L.P. closed its position in Appfolio Inc on 13th May 2022. It sold the previously owned 52,345 shares for $6.34 million. William Brennan also disclosed a decreased stake in Fleetcor Technologies Inc by 0.1%. This leaves the value of the investment at $51.8 million and 207,817 shares.

One of the smallest hedge funds

The two most similar investment funds to Long Path Partners Fund, L.P. are Willoughby Capital and First National Bank Of Hutchinson. They manage $172 million and $172 million respectively.

William Brennan investment strategy

Long Path Partners Fund, L.P.’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Industrials — making up 38.7% of the total portfolio value. The fund focuses on investments in the United States as 57.1% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 57% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $20.3 billion.

The complete list of Long Path Partners Fund, L.P. trades based on 13F SEC filings

These positions were updated on May 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Fleetcor Technologies Inc	14.47% 207,817	$51,759,000	30.15%
Alkami Technology Inc	Opened 1,767,750	$25,297,000	14.74%
Zendesk Inc	14.90% 204,651	$24,617,000	14.34%
Salesforce Com Inc	Opened 108,173	$22,967,000	13.38%
Liberty Broadband Corp	21.67% 184,649	$24,763,000	14.43%
Transdigm Group Incorporated	63.03% 22,521	$14,673,000	8.55%
Silvercrest Asset Mgmt Group	29.90% 370,500	$7,577,000	4.41%
Appfolio Inc	Closed 52,345	$6,337,000
No transactions found
Showing first 500 out of 8 holdings