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Foxhaven Asset Management, LP
Michael Pausic · Hedge Fund · Long/Short Equity
Foxhaven Asset Management, LP is a Charlottesville, Virginia-based investment firm founded in 2013 by Michael Pausic and Nicholas Lawler, both formerly of Maverick Capital. The firm operates as a fundamental research-driven hedge fund manager specializing in long-short equity strategies with a global focus. Its investment team concentrates on the technology, media, telecom, consumer, and industrials sectors. Foxhaven is characterized by its bottom-up approach and its commitment to achieving superior risk-adjusted absolute returns over a long-term horizon for a client base that includes institutional endowments and foundations.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | -9.7% |
| YTD return | -6.5% |
| Sharpe ratio | -3.60 |
| Win rate | 41% |
| AUM | $4.0B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $4.0B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | http://foxhavencap.com |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| MELI | MercadoLibre Inc. | 15.0% | -13.0% |
| AMZN | Amazon.com Inc | 14.2% | +17.1% |
| GOOGL | Alphabet Inc Class A | 8.7% | +24.0% |
| DASH | DoorDash, Inc. Class A Common Stock | 8.5% | +12.5% |
| FERG | Ferguson Plc | 8.4% | -3.8% |
| V | Visa Inc. Class A | 8.3% | +8.2% |
| HLT | Hilton Worldwide Holdings Inc | 8.0% | +19.2% |
| NVDA | NVIDIA Corporation | 5.6% | +4.7% |
| CPNG | Coupang LLC | 4.7% | -43.1% |
| CEG | Constellation Energy Corp | 3.9% | -5.3% |
| FWONK | Liberty Media Corporation Series C Liberty Formula One Common Stock | 3.5% | +9.4% |
| AFRM | Affirm Holdings Inc | 3.2% | -2.9% |
| NU | Nu Holdings Ltd | 3.1% | -13.5% |
| VRSN | VeriSign Inc | 2.8% | +5.3% |
| AUR | Aurora Innovation Inc | 1.6% | +24.1% |
| SHOP | Shopify Inc | 0.3% | -9.7% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | SELL | GOOGL | 11.7% → 8.7% |
| Aug 31, 2026 | BUY | V | 7.3% → 8.3% |
| Aug 31, 2026 | BUY | VRSN | 0.0% → 2.8% |
| Aug 31, 2026 | SELL | AUR | 2.3% → 1.6% |
| Aug 31, 2026 | SELL | NFLX | 3.8% → 0.0% |
Investment Style Analysis
Foxhaven Asset Management, LP is widely recognized for employing a Long/Short Equity strategy. As of Sep 21, 2026, the firm oversees approximately $4.0B in assets under management (AUM). The portfolio demonstrates a clear preference for the Internet Retail and Internet Content & Information sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Foxhaven Asset Management, LP made a significant move by reducing the position in GOOGL. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Foxhaven employs a fundamental, bottom-up investment philosophy focused on identifying high-conviction equity opportunities across the TMT, consumer, and industrials sectors. The firm seeks to achieve superior risk-adjusted absolute returns over a three-year horizon through intensive research, including management meetings and industry expert consultations. Its strategy typically involves maintaining a concentrated portfolio of both long and short positions, where the team evaluates management quality, strategic positioning, and intrinsic valuation. By remaining independent of index weightings and market capitalization constraints, Foxhaven prioritizes capital deployment into opportunities with the most favorable risk-reward profiles.
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 Foxhaven Asset Management, LP.
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Frequently asked questions
How is the simulated portfolio for Foxhaven Asset Management, LP 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 Foxhaven Asset Management, LP's largest holding?
As of the latest filing, Foxhaven Asset Management, LP's top position is MercadoLibre Inc. (MELI), representing 15.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is Foxhaven Asset Management, LP's historical performance and risk profile?
Our simulation indicates a total return of -9.7% with a win rate of 41%. Notably, the portfolio maintains a Sharpe Ratio of -3.60, suggesting an standard level of risk-adjusted returns compared to the broader market.
What sectors does Foxhaven Asset Management, LP primarily invest in?
Foxhaven Asset Management, LP has a strong preference for the Internet Retail sector, which makes up 42.6% of their disclosed assets. The portfolio also has exposure to Internet Content & Information, indicating a specific thematic focus.
Is Foxhaven Asset Management, LP's portfolio concentrated or diversified?
Foxhaven Asset Management, LP runs a highly concentrated portfolio with 16 disclosed positions. The top 3 holdings alone account for 38.0% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Foxhaven Asset Management, LP performed in 2026?
Our AI-simulated model portfolio for Foxhaven Asset Management, LP tracks a Year-to-Date (YTD) return of -6.5%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Michael Pausic manage Foxhaven Asset Management, LP directly?
Yes, Michael Pausic serves as the key portfolio manager for Foxhaven Asset Management, LP, overseeing the investment strategy and final capital allocation decisions.