Linonia Partnership LP
The Linonia Partnership LP is a SEC-registered hedge fund founded in 2023 and based in New York, NY. The firm is primarily owned and operated by Philip Uhde, who oversees daily operations. Linonia manages over $3.2 billion in discretionary client assets and employs a team of investment professionals who serve institutional and high-net-worth clients. The firm focuses on concentrated, long-term investments in public companies of exceptional quality, and distinguishes itself by applying a private equity approach to listed equity investing. As a fiduciary, Linonia strives for transparency and acts in the best interests of its clients.
Investment Strategy
Linonia Partnership LP seeks to generate attractive absolute total returns while minimizing capital impairment risk. The firm conducts deep fundamental research to identify undervalued and high-quality companies, investing primarily in equity securities listed on recognized exchanges. Their approach favors concentrated positions in monopolistic businesses and unique franchises with long-term growth potential. Linonia may also invest in fixed-income securities, ETFs, and foreign issuers. Their philosophy is to apply private equity-like diligence and analysis to public markets, focusing on durable franchises and risk management through position concentration and fundamental value.
Top Holdings
Equity Positions (9)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GWRE | GUIDEWIRE SOFTWARE INC | 26.11% | $799.7M | 3,396,310 | $134.71 | $235.45 | +$163.3M |
V VEEV | VEEVA SYS INC | 19.47% | $596.4M | 2,071,074 | $219.36 | $287.98 | +$171.0M |
L LLYVK | LIBERTY MEDIA CORP DEL | 15.12% | $462.9M | 5,703,902 | $40.74 | $81.16 | +$74.3M |
F FWONA | LIBERTY MEDIA CORP DEL | 6.57% | $201.1M | 2,118,059 | $67.40 | $94.96 | +$9.3M |
L LLYVA | LIBERTY MEDIA CORP DEL | 6.49% | $198.6M | 2,498,950 | $40.33 | $79.48 | +$30.6M |