Fpr Partners LLC

FPR Partners, LLC, established in October 2007, provides discretionary investment advisory services to private investment funds and third parties. The firm's investment strategy focuses on investing in undervalued public companies and engaging with their management teams to enhance shareholder value. FPR manages various funds, including FPR Partners, LP, with a minimum initial investment of $5,000,000. The firm's fee structure is detailed in the Funds' governing documents, with fees not negotiable. FPR manages $2,340,569,725 in client assets on a discretionary basis as of December 31, 2022. The firm acts as a fiduciary and does not participate in wrap fee programs. Clients' accounts are under continuous review by the Managing Directors and Chief Compliance Officer. FPR's investment philosophy focuses on long-term investments in excellent companies, with a three to five-year horizon. The firm may also engage in opportunistic investments in various securities. FPR's investment strategies are detailed in the Funds' offering memorandum. Clients are provided with regular reports and audited financial statements. FPR has a Code of Ethics in place and exercises investment discretion on behalf of clients. The firm has proxy voting authority for client securities and maintains a Proxy Voting Committee to ensure best practices. FPR has no financial conditions impairing its ability to meet client commitments and has not been subject to bankruptcy petitions in the past ten years.