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Adviser Profile

As of Date 03/22/2024
Adviser Type - Large advisory firm
Number of Employees 9 -10.00%
of those in investment advisory functions 4 -20.00%
Registration SEC, Approved, 3/30/2012
AUM* 2,034,327,976 -13.08%
of that, discretionary 2,034,327,976 -13.08%
Private Fund GAV* 2,034,327,976 -17.14%
Avg Account Size 508,581,994 30.37%
SMA’s Yes
Private Funds 4 2
Contact Info 415 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
5B 5B 4B 3B 2B 2B 756M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count4 GAV$2,034,327,976

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Brochure Summary

Overview

Identify your principal owner(s). FPR was formally established in October 2007. Since 2003, the two Managing Directors (as defined below) of FPR have managed the investments of Fremont Public Opportunities, LP using an investment strategy substantially similar to that employed by FPR. FPR provides discretionary investment advisory services to private investment funds (the “Funds”) or other third parties (collectively with the Funds, “Clients”). FPR manages the following Funds, as listed below:
• FPR Partners, LP, a Delaware limited partnership (“FPR Partners”);
• BFFPR Fund, LP, a Delaware limited partnership (“BFFPR”);
• Fremont Public Opportunities, LP, a Delaware limited partnership (“FPO”); and
• Tessera Ionic, LP, a Delaware limited partnership ("Tessera"). Affiliates of FPR serve as the general partners to the Funds (the “General Partners”). The principal owners of FPR are Bob Peck and Andrew Raab, held through trusts for which they serve as trustees. FPR is managed by Bob Peck and Andrew Raab (the “Managing Directors”). Investors in the Funds (the “Investors”) are generally “qualified purchasers” (as defined in the Investment Company Act of 1940, as amended) and may include, among others, high net worth individuals, pension plans, trusts, endowments, estates, charitable organizations, limited partnerships and limited liability companies. specializing in a particular type of advisory service, such as financial planning, quantitative analysis, or market timing, explain the nature of that service in greater detail. If you provide investment advice only with respect to limited types of investments, explain the type of investment advice you offer, and disclose that your advice is limited to those types of investments. FPR offers advice solely with respect to the investments made by its Clients. FPR seeks both to enhance returns and minimize risk primarily by investing
in a concentrated portfolio of public companies it believes to be excellent and priced below their intrinsic value, and then constructively engaging the management teams of such companies to assist them in identifying and increasing shareholder value. While the Clients’ focus will primarily be on long-term investment in publicly traded securities, the Clients may also seek to increase overall returns by opportunistically investing in various types of securities, including, but not limited to, options, short sales, debt and special situation investments. individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. FPR generally does not tailor its advisory services to the individual needs of Clients. Certain of the Funds, however, have restrictions on investing in certain securities and types of securities. It should also be noted that FPR has agreed and in the future may agree to modify certain rights and privileges for certain Investors which may not be available to other Investors (including, without limitation, transparency rights, reporting rights, capacity rights, approval rights and certain other protections). services, (1) describe the differences, if any, between how you manage wrap fee accounts and how you manage other accounts, and (2) explain that you receive a portion of the wrap fee for your services. Not applicable. FPR does not participate in wrap fee programs. on a discretionary basis and the amount of client assets you manage on a non- discretionary basis. Disclose the date “as of” which you calculated the amounts. As of December 31, 2023, FPR has $2,034,327,976 in Client regulatory assets under management (as reported on Item 5 of Part 1 of Form ADV). FPR manages these assets on a discretionary basis and does not manage any of the Funds’ assets on a non-discretionary basis.