Francisco Partners Management, LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Francisco Partners Management, LP reported 3 stock positions worth $461.0 million. Its top holding was Legalzoomcom (LZ) at 61.7% of the portfolio, followed by Goodrx Class A (GDRX, 35.3%) and Paysafe (PSFE, 3.0%). Its holdings were unchanged from Q3 2025.

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001197853
Portfolio Value
$461.0M (Q4 2025)
SEC Filing
0001197853-26-000001 ↗ filed Feb 13, 2026

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 Q1 2025 Q2 2025: $718.5M Q2 2025 Q3 2025: $573.5M Q3 2025 Q4 2025: $461.0M $461.0M Q4 2025 Q1 2026: $291.8M Q1 2026 Q2 2026: $361.4M Q2 2026

Holdings 3 stocks · $461.0M
LZ Legalzoomcom Inc. 61.66% 28,625,744 $284.3M No change
GDRX Goodrx Holdings Inc. Class A 35.32% 60,078,184 $162.8M No change
PSFE Paysafe Ltd. 3.02% 1,720,543 $13.9M No change

Portfolio Sells Q3 2025 → Q4 2025
None this quarter.

Portfolio Buys Q3 2025 → Q4 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