Prospector Opportunity Fund
POPFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 370 Church Street Guilford CT United States of America 06437
- IPO Date
- Sep 28, 2007
- CIK
- 0001402472
- Similar Companies
- Business
- Prospector Opportunity Fund (POPFX) is an open-end mutual fund that seeks capital appreciation through a value-oriented investment strategy focused on equity and equity-related securities in domestic and other developed markets. The fund invests primarily in small- to mid-capitalization companies with market capitalizations between $150 million and $15 billion at the time of purchase, targeting firms with long, consistent track records of free cash flow yield generation and healthy organic growth; it emphasizes downside risk mitigation via balance sheet strength, private market value assessments, and in-house research across sectors such as insurance, industrials, health care, consumer staples, and financial services. Top holdings as of September 30, 2025, include Littelfuse Inc. (3.2%), Globe Life Inc. (3.1%), Fairfax Financial Holdings Ltd. (3.0%), Brown & Brown Inc. (2.9%), and Primerica Inc. (2.8%), representing diversified exposure with approximately 63 stocks, 86% in U.S. equities, 7% in non-U.S. stocks, and 6% in cash equivalents. Launched on September 28, 2007, and domiciled in the United States, the fund is managed by Prospector Partners Asset Management, LLC, an SEC-registered investment adviser and affiliate of Prospector Partners, LLC, with headquarters at 370 Church St., Guilford, Connecticut 06437. Portfolio management is led by a team including Kevin O’Brien, CFA (portfolio manager/analyst with over 30 years of experience), Jason Kish, CPA, CFA (portfolio manager/analyst since 2013), and Steven R. Labbe, CFA (portfolio manager/analyst since 2020), supported by founder John Gillespie (managing member) and a research team with over 160 combined years of financial analysis experience. The fund maintains a net expense ratio of 1.16% (gross 1.32%), with the adviser contractually capping expenses at 1.25% through September 30, 2024, and imposes a 2% redemption fee on shares held 60 days or less. In recent developments, Prospector Partners, LLC transitioned its role for Prospector Funds, Inc. (the fund's predecessor structure), with Prospector Partners Asset Management, LLC assuming direct advisory responsibilities as of September 6, 2024, while Gillespie stepped back from day-to-day portfolio management in 2021 but remains managing member. The firm continues to emphasize capacity discipline, estimating management scalability to over $1 billion while prioritizing reputation over asset growth, and maintains sub-advisory relationships such as with Long Short Advisors for the LS Opportunity Fund (LSOFX). As of September 30, 2025, the fund reports year-to-date returns of 5.33%, 1-year returns of 2.28%, and since-inception annualized returns of 9.22%, positioning it competitively in the Morningstar Mid-Cap Blend category.