Francisco Partners Management, LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Francisco Partners Management, LP reported 5 stock positions worth $622.9 million. Its top holding was Goodrx Class A (GDRX) at 42.5% of the portfolio, followed by Legalzoomcom (LZ, 39.6%) and E2OPEN Parent (ETWO, 12.4%). Compared with Q4 2024, it sold out of 1 and reduced 1. The biggest sale was an exit from Waystar (WAY).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001197853
Portfolio Value
$622.9M (Q1 2025)
SEC Filing
0001197853-25-000004 ↗ filed May 15, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $860.6M Q4 2024 Q1 2025: $622.9M $622.9M Q1 2025 Q2 2025: $718.5M Q2 2025 Q3 2025: $573.5M Q3 2025 Q4 2025: $461.0M Q4 2025 Q1 2026: $291.8M Q1 2026 Q2 2026: $361.4M Q2 2026

Holdings 5 stocks · $622.9M

GDRX Goodrx Holdings Inc. Class A 42.53% 60,078,184 $264.9M Reduce -14.3%
LZ Legalzoomcom Inc. 39.57% 28,625,744 $246.5M No change
ETWO E2OPEN Parent Holdings Inc. 12.43% 38,700,076 $77.4M No change
PSFE Paysafe Ltd. 4.33% 1,720,543 $27.0M No change
SATX Satixfy Communications Ltd. 1.14% 5,936,409 $7.1M No change

Portfolio Sells Q4 2024 → Q1 2025

WAY Waystar Holding Corp. Sold out 0.00% −20.72
GDRX Goodrx Holdings Inc. Class A Reduce -14.3% 42.53% +4.67

Portfolio Buys Q4 2024 → Q1 2025

None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$361.4MLZ, GDRX, PSFE
Q1 2026 3$291.8MLZ, GDRX, PSFE
Q4 2025 3$461.0MLZ, GDRX, PSFE
Q3 2025 3$573.5MLZ, GDRX, PSFE
Q2 2025 5$718.5MGDRX, LZ, ETWO, PSFE, SATX
Q1 2025 5$622.9MGDRX, LZ, ETWO, PSFE, SATX
Q4 2024 6$860.6MGDRX, LZ, WAY, ETWO, PSFE
Q3 2024 8$1.1BGDRX, LZ, WAY, ETWO, PSFE
Q2 2024 8$1.1BGDRX, LZ, ETWO, WAY, PSFE
Q1 2024 8$1.1BGDRX, LZ, ETWO, PSFE, LLAP