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Deer Management Co. LLC
Robert P. Goodman · Venture Capital · Venture
Deer Management Co. LLC serves as the management entity for Bessemer Venture Partners, one of the oldest and most successful venture capital firms in the United States. Tracing its roots back to 1911 as Bessemer Securities, the family office of Carnegie Steel co-founder Henry Phipps, the firm evolved into a global partnership that officially became Bessemer Venture Partners in 1974. Headquartered in Larchmont, New York, the institution focuses on identifying and supporting innovative, high-growth companies across the technology, healthcare, and consumer sectors. With a global presence and billions of dollars in assets under management, it has been an early investor in numerous iconic companies, including LinkedIn, Pinterest, Shopify, and Yelp. The firm is widely respected for its deep sector expertise and its commitment to helping entrepreneurs scale their businesses into global market leaders.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | -9.4% |
| YTD return | -9.1% |
| Sharpe ratio | -3.87 |
| Win rate | 36% |
| AUM | $0.9B |
| Inception | Oct 1, 2025 |
| Updated | Aug 20, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.9B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.bvp.com |
Current Holdings
Updated on Aug 20, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| TTAN | ServiceTitan, Inc. Class A Common Stock | 35.8% | +0.8% |
| STUB | StubHub Holdings, Inc. | 25.9% | -43.7% |
| HNGE | Hinge Health, Inc. | 18.0% | +67.7% |
| TOST | Toast Inc | 13.4% | +15.3% |
| LAW | CS Disco LLC | 3.2% | -9.9% |
| SPIR | Spire Global Inc | 1.3% | -9.1% |
| KYMR | Kymera Therapeutics Inc | 1.2% | +83.0% |
| FVRR | Fiverr International Ltd | 0.6% | -41.8% |
| GUTS | Fractyl Health, Inc. Common Stock | 0.4% | -34.0% |
| VELO | Velo3D, Inc. | 0.2% | -6.5% |
| TCRX | Tscan Therapeutics Inc | 0.1% | -40.4% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Jun 15, 2026 | BUY | TTAN | 32.2% → 35.8% |
| Jun 15, 2026 | BUY | HNGE | 13.9% → 18.0% |
| Jun 15, 2026 | BUY | TOST | 10.0% → 13.4% |
| Jun 15, 2026 | BUY | VELO | 0.1% → 0.2% |
| Jun 15, 2026 | BUY | KYMR | 0.8% → 1.2% |
Investment Style Analysis
Deer Management Co. LLC is widely recognized for employing a Venture strategy. As of Aug 20, 2026, the firm oversees approximately $0.9B in assets under management (AUM). The portfolio demonstrates a clear preference for the Software - Application and Internet Content & Information sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Jun 15, Deer Management Co. LLC made a significant move by increasing exposure to TTAN. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Bessemer Venture Partners follows a research-intensive 'roadmap' strategy, which involves developing deep convictions in specific sectors to identify technological shifts and market opportunities before they become mainstream. The firm invests across the entire lifecycle of a company, from seed and early-stage to growth rounds, with a primary focus on enterprise software, consumer internet, and healthcare. They emphasize a collaborative, long-term approach to partnership, aiming to provide founders with the strategic resources and expertise needed to build category-defining companies. Bessemer is also notable for its transparency and culture of continuous learning, famously publishing its 'Anti-Portfolio' to document the significant investment opportunities it passed on as a lesson in focus and humility.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Deer Management Co. LLC.
Similar Investment Style
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Frequently asked questions
How is the simulated portfolio for Deer Management Co. LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Deer Management Co. LLC's largest holding?
As of the latest filing, Deer Management Co. LLC's top position is ServiceTitan, Inc. Class A Common Stock (TTAN), representing 35.8% of the portfolio. This reflects a high-conviction bet by the institution.
What is Deer Management Co. LLC's historical performance and risk profile?
Our simulation indicates a total return of -9.4% with a win rate of 36%. Notably, the portfolio maintains a Sharpe Ratio of -3.87, suggesting an standard level of risk-adjusted returns compared to the broader market.
What sectors does Deer Management Co. LLC primarily invest in?
Deer Management Co. LLC has a strong preference for the Software - Application sector, which makes up 39.0% of their disclosed assets. The portfolio also has exposure to Internet Content & Information, indicating a specific thematic focus.
Is Deer Management Co. LLC's portfolio concentrated or diversified?
Deer Management Co. LLC runs a highly concentrated portfolio with 11 disclosed positions. The top 3 holdings alone account for 79.6% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Deer Management Co. LLC performed in 2026?
Our AI-simulated model portfolio for Deer Management Co. LLC tracks a Year-to-Date (YTD) return of -9.1%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Robert P. Goodman manage Deer Management Co. LLC directly?
Yes, Robert P. Goodman serves as the key portfolio manager for Deer Management Co. LLC, overseeing the investment strategy and final capital allocation decisions.