Prospector Partners LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Prospector Partners LLC reported 81 stock positions worth $820.3 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 4.0% of the portfolio, followed by Globe Life (GL, 3.5%) and Brown & Brown (BRO, 3.2%). Compared with Q2 2025, it opened 5 new positions, sold out of 6, added to 10 and reduced 58. The biggest buy was Alphabet Class A (GOOGL, shares +45%) and the biggest sale an exit from Leidos (LDOS).
- Most Recent 13F
- Q4 2025
- Location
- GUILFORD, CT
- CIK
- 0001080380
- Portfolio Value
- $820.3M (Q3 2025)
- SEC Filing
- 0001398344-25-020530 ↗ filed Nov 7, 2025
Holdings Value
Holdings 81 stocks · $820.3M
| BRK.B Berkshire Hathaway Inc. Class B | 3.97% | 64,810 | $32.6M | No change |
| GL Globe Life Inc. | 3.46% | 198,742 | $28.4M | Reduce -3.0% |
| BRO Brown & Brown Inc. | 3.22% | 281,622 | $26.4M | Reduce -0.1% |
| PNC PNC Financial Services Group | 3.10% | 126,681 | $25.5M | Reduce -4.5% |
| ETN Eaton Corp. PLC | 2.83% | 62,046 | $23.2M | Reduce -6.2% |
| SSB Southstate Bank Corp. | 2.62% | 216,967 | $21.5M | Add +1.0% |
| LFUS Littelfuse Inc. | 2.58% | 81,670 | $21.2M | Reduce -3.5% |
| EG Everest Group Ltd. | 2.55% | 59,814 | $20.9M | Reduce -3.1% |
| PRI Primerica Inc. | 2.36% | 69,674 | $19.3M | Reduce -4.5% |
| CACI Caci International Inc. Class A | 2.32% | 38,144 | $19.0M | Reduce -3.6% |
| PB Prosperity Bancshares Inc. | 2.28% | 281,703 | $18.7M | Reduce -2.8% |
| ABT Abbott Laboratories | 2.18% | 133,334 | $17.9M | Reduce -5.0% |
| ABCB Ameris Bancorp | 2.11% | 235,933 | $17.3M | Reduce -3.4% |
| GOOGL Alphabet Inc. Class A | 2.01% | 67,956 | $16.5M | Add +45.0% |
| FNB FNB Corp. | 2.00% | 1,015,935 | $16.4M | Reduce -4.1% |
| CARR Carrier Global Corp. | 1.80% | 247,005 | $14.7M | Reduce -4.8% |
| TRMB Trimble Inc. | 1.78% | 178,772 | $14.6M | Reduce -3.7% |
| JOE The St Joe Co. | 1.78% | 294,317 | $14.6M | Add +0.2% |
| XOM Exxon Mobil Corp. | 1.70% | 123,699 | $13.9M | Reduce -6.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.70% | 44,964 | $13.9M | Reduce -42.1% |
| JNJ Johnson & Johnson | 1.69% | 74,542 | $13.8M | Reduce -10.6% |
| PPG PPG Industries Inc. | 1.68% | 130,717 | $13.7M | Reduce -4.7% |
| PNR Pentair PLC | 1.65% | 121,871 | $13.5M | Reduce -3.3% |
| UNM Unum Group | 1.62% | 171,290 | $13.3M | Add +44.3% |
| TER Teradyne Inc. | 1.62% | 96,631 | $13.3M | Reduce -3.9% |
| PGR Progressive Corp. | 1.62% | 53,841 | $13.3M | Reduce -21.9% |
| MRK Merck & Co. Inc. | 1.61% | 157,282 | $13.2M | Reduce -5.7% |
| CBOE Cboe Global Markets Inc. | 1.54% | 51,610 | $12.7M | Reduce -3.1% |
| PPLT Abrdn Physical Platinum SHRS | 1.53% | 87,755 | $12.5M | Reduce -3.2% |
| HHH Howard Hughes Holdings Inc. | 1.52% | 151,573 | $12.5M | Reduce -3.1% |
| DRI Darden Restaurants Inc. | 1.47% | 63,478 | $12.1M | Reduce -3.7% |
| HD Home Depot Inc. | 1.44% | 29,140 | $11.8M | Reduce -5.4% |
| CW Curtiss-Wright Corp. | 1.33% | 20,034 | $10.9M | Reduce -3.9% |
| FIS Fidelity National Info Serv | 1.27% | 157,614 | $10.4M | Reduce -4.6% |
| ZBRA Zebra Technologies Corp. Class A | 1.24% | 34,308 | $10.2M | Reduce -4.7% |
| MSFT Microsoft Corp. | 1.24% | 19,635 | $10.2M | Reduce -5.2% |
| HON Honeywell International Inc. | 1.22% | 47,529 | $10.0M | Reduce -5.9% |
| CL Colgate-Palmolive Co. | 1.19% | 122,018 | $9.8M | Reduce -4.2% |
| PJT PJT Partners Inc. Class A | 1.17% | 53,956 | $9.6M | No change |
| CI The Cigna Group | 1.16% | 33,072 | $9.5M | Add +14.4% |
| KVUE Kenvue Inc. | 1.14% | 575,738 | $9.3M | Add +4.8% |
| CHD Church & Dwight Co. Inc. | 1.12% | 105,233 | $9.2M | Reduce -1.8% |
| KEY Keycorp | 1.10% | 483,786 | $9.0M | Add +0.3% |
| TXRH Texas Roadhouse Inc. | 1.04% | 51,589 | $8.6M | Reduce -3.7% |
| SMPL The Simply Good Foods Co. | 1.01% | 333,818 | $8.3M | Reduce -24.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.99% | 235,326 | $8.1M | Reduce -2.9% |
| RTX RTX Corp. | 0.91% | 44,728 | $7.5M | Reduce -7.7% |
| MDLZ Mondelez International Inc. Class A | 0.91% | 119,406 | $7.5M | Reduce -6.8% |
| NEM Newmont Corp. | 0.84% | 81,325 | $6.9M | Reduce -6.4% |
| SU Suncor Energy Inc. | 0.83% | 163,246 | $6.8M | Reduce -11.8% |
| MKTX Marketaxess Holdings Inc. | 0.81% | 37,965 | $6.6M | New |
| BAH Booz Allen Hamilton Holdings | 0.80% | 65,988 | $6.6M | New |
| AEM Agnico Eagle Mines Ltd. | 0.80% | 39,083 | $6.6M | Reduce -7.9% |
| PR Permian Resources Corp. Class A | 0.79% | 509,193 | $6.5M | Reduce -3.8% |
| WTM White Mountains Insurance GP | 0.77% | 3,783 | $6.3M | Reduce -7.2% |
| C Citigroup Inc. | 0.70% | 56,763 | $5.8M | Reduce -6.0% |
| FAF First American Financial | 0.70% | 89,644 | $5.8M | Add +0.5% |
| VVX V2X Inc. | 0.67% | 94,708 | $5.5M | Reduce 0.0% |
| AMAT Applied Materials Inc. | 0.63% | 25,425 | $5.2M | Reduce -6.2% |
| NTB Bank of N.T. Butterfield&son | 0.57% | 108,575 | $4.7M | No change |
| HOLX Hologic Inc. | 0.54% | 65,853 | $4.4M | Reduce -7.9% |
| OPCH Option Care Health Inc. | 0.51% | 150,440 | $4.2M | New |
| PAYX Paychex Inc. | 0.50% | 32,557 | $4.1M | Reduce -4.6% |
| USB US Bancorp | 0.46% | 78,700 | $3.8M | New |
| EBAY eBay Inc. | 0.45% | 40,899 | $3.7M | Reduce -10.1% |
| NOMD Nomad Foods Ltd. | 0.39% | 243,085 | $3.2M | Reduce -18.2% |
| AXTA Axalta Coating Systems Ltd. | 0.37% | 104,799 | $3.0M | Reduce -8.7% |
| DVN Devon Energy Corp. | 0.35% | 81,929 | $2.9M | Reduce 0.0% |
| CUBE Cubesmart | 0.34% | 68,374 | $2.8M | Reduce -12.0% |
| NBBK NB Bancorp Inc. | 0.32% | 150,862 | $2.7M | Reduce -10.0% |
| PFE Pfizer Inc. | 0.30% | 97,307 | $2.5M | Reduce -18.8% |
| GOOG Alphabet Inc. Class C | 0.18% | 6,226 | $1.5M | Add +0.0% |
| CCBG Capital City Bank Group Inc. | 0.17% | 32,685 | $1.4M | No change |
| SPFI South Plains Financial Inc. | 0.16% | 33,340 | $1.3M | No change |
| CVX Chevron Corp. | 0.14% | 7,427 | $1.2M | New |
| HG Hamilton Insurance Grou Class B | 0.11% | 37,300 | $925K | No change |
| BFST Business First Bancshares | 0.10% | 35,600 | $841K | Add +69.5% |
| HMN Horace Mann Educators | 0.10% | 18,220 | $823K | No change |
| TSBK Timberland Bancorp Inc. | 0.08% | 18,672 | $621K | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.06% | 6,877 | $528K | Reduce -26.7% |
| FCPT Four Corners Property Trust | 0.06% | 19,201 | $469K | Reduce -1.9% |
Options reported separately and not counted above: WMT puts ($4.9M), USB calls ($1.5M).
Other holdings (9): bonds, preferreds, convertibles and warrants · $10.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 1,200,000 | $1.7M | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 1,400,000 | $1.4M | No change |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 1,500,000 | $1.4M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 1,400,000 | $1.3M | Add +7.7% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 1,000,000 | $1.1M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 1,100,000 | $1.0M | No change |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 1,000,000 | $978K | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 1,000,000 | $948K | No change |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 200,000 | $228K | No change |
Total filed on the 13F, all lines: $830.5M.
Portfolio Sells Q2 2025 → Q3 2025
| LDOS Leidos Holdings Inc. | Sold out | 0.00% | −1.63 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −1.42 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −1.26 |
| AJG Arthur J Gallagher & Co. | Reduce -42.1% | 1.70% | −1.22 |
| SMPL The Simply Good Foods Co. | Reduce -24.7% | 1.01% | −0.63 |
| PGR Progressive Corp. | Reduce -21.9% | 1.62% | −0.53 |
| BRO Brown & Brown Inc. | Reduce -0.1% | 3.22% | −0.44 |
| CARR Carrier Global Corp. | Reduce -4.8% | 1.80% | −0.43 |
| FIS Fidelity National Info Serv | Reduce -4.6% | 1.27% | −0.31 |
| DRI Darden Restaurants Inc. | Reduce -3.7% | 1.47% | −0.21 |
| NOMD Nomad Foods Ltd. | Reduce -18.2% | 0.39% | −0.20 |
| CL Colgate-Palmolive Co. | Reduce -4.2% | 1.19% | −0.17 |
| HON Honeywell International Inc. | Reduce -5.9% | 1.22% | −0.16 |
| PPG PPG Industries Inc. | Reduce -4.7% | 1.68% | −0.15 |
| TXRH Texas Roadhouse Inc. | Reduce -3.7% | 1.04% | −0.13 |
| HES Hess Corp. | Sold out | 0.00% | −0.12 |
| PB Prosperity Bancshares Inc. | Reduce -2.8% | 2.28% | −0.11 |
| MDLZ Mondelez International Inc. Class A | Reduce -6.8% | 0.91% | −0.10 |
| AII American Integrity Insurance | Sold out | 0.00% | −0.10 |
| WTM White Mountains Insurance GP | Reduce -7.2% | 0.77% | −0.09 |
| CHD Church & Dwight Co. Inc. | Reduce -1.8% | 1.12% | −0.08 |
| PAYX Paychex Inc. | Reduce -4.6% | 0.50% | −0.08 |
| ABT Abbott Laboratories | Reduce -5.0% | 2.18% | −0.06 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -4.7% | 1.24% | −0.06 |
| ST Sensata Technologies Holdplc | Sold out | 0.00% | −0.05 |
| PR Permian Resources Corp. Class A | Reduce -3.8% | 0.79% | −0.05 |
| CUBE Cubesmart | Reduce -12.0% | 0.34% | −0.05 |
| PFE Pfizer Inc. | Reduce -18.8% | 0.30% | −0.04 |
| AXTA Axalta Coating Systems Ltd. | Reduce -8.7% | 0.37% | −0.03 |
| NBBK NB Bancorp Inc. | Reduce -10.0% | 0.32% | −0.03 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -26.7% | 0.06% | −0.01 |
| FCPT Four Corners Property Trust | Reduce -1.9% | 0.06% | −0.00 |
| HOLX Hologic Inc. | Reduce -7.9% | 0.54% | −0.00 |
| PRI Primerica Inc. | Reduce -4.5% | 2.36% | +0.02 |
| SU Suncor Energy Inc. | Reduce -11.8% | 0.83% | +0.02 |
| SLB SLB Ltd. | Reduce -2.9% | 0.99% | +0.03 |
| MSFT Microsoft Corp. | Reduce -5.2% | 1.24% | +0.03 |
| XOM Exxon Mobil Corp. | Reduce -6.3% | 1.70% | +0.03 |
| DVN Devon Energy Corp. | Reduce 0.0% | 0.35% | +0.04 |
| AMAT Applied Materials Inc. | Reduce -6.2% | 0.63% | +0.05 |
| EBAY eBay Inc. | Reduce -10.1% | 0.45% | +0.06 |
| MRK Merck & Co. Inc. | Reduce -5.7% | 1.61% | +0.06 |
| ETN Eaton Corp. PLC | Reduce -6.2% | 2.83% | +0.06 |
| RTX RTX Corp. | Reduce -7.7% | 0.91% | +0.08 |
| CBOE Cboe Global Markets Inc. | Reduce -3.1% | 1.54% | +0.09 |
| EG Everest Group Ltd. | Reduce -3.1% | 2.55% | +0.09 |
| C Citigroup Inc. | Reduce -6.0% | 0.70% | +0.10 |
| CACI Caci International Inc. Class A | Reduce -3.6% | 2.32% | +0.11 |
| HD Home Depot Inc. | Reduce -5.4% | 1.44% | +0.12 |
| TRMB Trimble Inc. | Reduce -3.7% | 1.78% | +0.13 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +45.0% | 2.01% | +1.05 |
| MKTX Marketaxess Holdings Inc. | New | 0.81% | +0.81 |
| BAH Booz Allen Hamilton Holdings | New | 0.80% | +0.80 |
| OPCH Option Care Health Inc. | New | 0.51% | +0.51 |
| UNM Unum Group | Add +44.3% | 1.62% | +0.50 |
| USB US Bancorp | New | 0.46% | +0.46 |
| SSB Southstate Bank Corp. | Add +1.0% | 2.62% | +0.30 |
| CVX Chevron Corp. | New | 0.14% | +0.14 |
| JOE The St Joe Co. | Add +0.2% | 1.78% | +0.13 |
| KEY Keycorp | Add +0.3% | 1.10% | +0.12 |
| FAF First American Financial | Add +0.5% | 0.70% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +0.0% | 0.18% | +0.06 |
| CI The Cigna Group | Add +14.4% | 1.16% | +0.04 |
| BFST Business First Bancshares | Add +69.5% | 0.10% | +0.04 |
| KVUE Kenvue Inc. | Add +4.8% | 1.14% | −0.21 |
Options Activity Q2 2025 → Q3 2025
| MUR Murphy Oil Corp. | call | Sold out | 145,000 | $3.3Mbefore exit |
| USB US Bancorp | call | Reduce -71.4% | 31,500 | $1.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | New | 1,500,000 | $1.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +7.7% | 1,400,000 | $1.3M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Sold out | 500,000 | $561Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 16 | $46.7M | XOM, PGR, MSFT, BRK.B, PJT |
| Q3 2025 | 81 | $820.3M | BRK.B, GL, BRO, PNC, ETN |
| Q2 2025 | 82 | $853.1M | BRK.B, BRO, GL, AJG, PNC |
| Q1 2025 | 80 | $865.8M | BRO, BRK.B, GL, AJG, ABT |
| Q4 2024 | 83 | $873.6M | BRK.B, BRO, ABT, GL, ETN |
| Q3 2024 | 84 | $927.6M | BRK.B, BRO, PGR, CW, LDOS |
| Q2 2024 | 82 | $844.1M | LDOS, BRK.B, BRO, PGR, CW |
| Q1 2024 | 83 | $855.0M | BRK.B, LDOS, BRO, GL, CW |