PROSPECTOR PARTNERS LLC

Hedge Fund • Long/Short

PROSPECTOR PARTNERS LLC is a Long/Short Hedge Fund based in Guilford, CT led by John Davies Gillespie, managing $820.3M across 81 long positions as of Q3 2025 with 42% Financial Services concentration.

Managing PartnerJohn Davies Gillespie

Portfolio Value: $820.3M
Positions: 81
Top Holding: BRK.B at 3.97%
Last Reported: Q3 2025

Address370 Church Street, Guilford, CT, 06437, United States

Top Holdings

Largest long holdings in PROSPECTOR PARTNERS LLC's portfolio (29% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$32.6M	3.97%	—	0.00% 64.8K shares	Q4 2019 Held for 5y 11m
2 Globe Life GL	Insurance - Life Financial Services	$28.4M	3.46%	-$869.0K Sold	0.25% 198.7K shares	Q2 2016 Held for 9y 5m
3 Brown & Brown BRO	Insurance - Brokers Financial Services	$26.4M	3.22%	-$23.9K Sold	0.09% 281.6K shares	Q2 2014 Held for 11y 5m
4 PNC Financial Services PNC	Banks - Regional Financial Services	$25.5M	3.10%	-$1.2M Sold	0.03% 126.7K shares	≤ Q2 2013 Held for 12y 5m+
5 Eaton Corporation ETN	Industrial - Machinery Industrials	$23.2M	2.83%	-$1.5M Sold	0.02% 62.0K shares	Q4 2014 Held for 10y 11m
6 SouthState SSB	Banks - Regional Financial Services	$21.5M	2.62%	+$219.8K Bought	0.21% 217.0K shares	Q3 2021 Held for 4y 2m
7 Littelfuse LFUS	Hardware, Equipment & Parts Technology	$21.2M	2.58%	-$766.9K Sold	0.33% 81.7K shares	Q3 2019 Held for 6y 2m
8 Everest Group EG	Insurance - Reinsurance Financial Services	$20.9M	2.55%	-$679.8K Sold	0.14% 59.8K shares	Q4 2022 Held for 2y 11m
9 Primerica PRI	Insurance - Life Financial Services	$19.3M	2.36%	-$918.3K Sold	0.22% 69.7K shares	Q2 2015 Held for 10y 5m
10 CACI International CACI	Information Technology Services Technology	$19.0M	2.32%	-$707.3K Sold	0.17% 38.1K shares	Q4 2024 Held for 11 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in PROSPECTOR PARTNERS LLC's latest filing

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Market Value

$820.3M

Prior: $853.9M

Q/Q Change

-3.94%

-$33.7M

Net Flows % of MV

-7.39%

Turnover Ratio

7.33%

New Purchases

3 stocks

$14.4M

Added To

10 stocks

+$11.5M

Sold Out Of

7 stocks

$39.9M

Reduced Holdings

58 stocks

-$46.6M

Increased Positions

Position	Shares Δ	Change
1 MarketAxess MKTX	New	0 → 38.0K +$6.6M
2 Booz Allen Hamilton BAH	New	0 → 66.0K +$6.6M
3 Chevron CVX	New	0 → 7.4K +$1.2M
4 Business First Bancshares BFST	+69.52%	21.0K → 35.6K +$344.7K
5 Alphabet Inc. GOOGL	+44.96%	46.9K → 68.0K +$5.1M

Decreased Positions

Position	Shares Δ	Change
1 Leidos Holdings LDOS	Sold	88.3K → 0 −$13.9M
2 Keurig Dr Pepper KDP	Sold	365.9K → 0 −$12.1M
3 Expedia Group, Inc. EXPE	Sold	63.7K → 0 −$10.7M
4 Hess HES	Sold	7.4K → 0 −$1.0M
5 AII American Insider Mortgage Investments Series 85 LP AII	Sold	46.2K → 0 −$848.9K

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Analytics

Portfolio insights and performance metrics for PROSPECTOR PARTNERS LLC

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Sector Allocation

Financial Services

41.50%

Technology

12.70%

Industrials

11.70%

Healthcare

8.00%

Consumer Defensive

5.80%

Energy

4.80%

Consumer Cyclical

4.40%

Real Estate

3.70%

Basic Materials

3.70%

Communication Services

2.20%

Market Cap Distribution

Mega Cap (> $200B)

17.08%

Large Cap ($10B - $200B)

57.53%

Mid Cap ($2B - $10B)

19.73%

Small Cap ($300M - $2B)

2.48%

Micro Cap ($50M - $300M)

0.08%

Nano Cap (< $50M)

1.52%

N/A (ETF or Unknown)

1.59%

Portfolio Concentration

Top 10 Holdings %

29.02%

Top 20 Holdings %

48.34%

Top 50 Holdings %

87.04%

Top 100 Holdings %

100.0%