The Linonia Partnership Lp

The Linonia Partnership LP is a Delaware limited partnership established in 2023, managing a total of $3,280,501,100 of client assets as of March 28, 2025. The firm provides investment advice to various investment vehicles, focusing on generating attractive absolute total returns while minimizing the risk of capital impairment. Linonia conducts fundamental research to identify undervalued companies and invests primarily in equity securities listed on recognized exchanges. The firm's investment strategy involves concentrated positions in high-quality companies with long-term growth potential, favoring monopolistic businesses and unique franchises. Linonia may also invest in fixed-income securities, ETFs, and non-U.S. issuers. The firm operates as a fiduciary, acting in the best interests of its clients. Clients receive regular reports, including audited financial statements and performance estimates. Linonia's brokerage practices involve selecting brokers based on services provided rather than seeking the lowest commission cost. The firm has a proxy voting policy to ensure votes are in the best interests of clients. Linonia does not require prepayment of fees exceeding $1,200 or have financial conditions impairing its commitments to clients. The firm has no disciplinary events in the past ten years. For more information, contact Chief Compliance Officer Michael Klarman at (646) 989-4229 or [email protected].