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Prescott General Partners LLC
Thomas W. Smith · Investment Advisor · Value
Prescott General Partners LLC is an SEC-registered investment adviser headquartered in Boca Raton, Florida. Established in 1973 by Thomas W. Smith, the firm operates as an independent investment manager primarily serving pooled investment vehicles and high-net-worth individuals. The institution is known for managing concentrated, research-driven portfolios with a focus on deep fundamental analysis and long-term capital preservation. By maintaining a limited number of high-conviction positions, the firm seeks to capitalize on undervalued public equities while emphasizing disciplined risk management and business-quality assessment.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +23.1% |
| YTD return | +24.8% |
| Sharpe ratio | 2.45 |
| Win rate | 64% |
| AUM | $1.8B |
| Inception | Oct 1, 2025 |
| Updated | Sep 11, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.8B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | http://www.prescottinvestors.com |
Current Holdings
Updated on Sep 11, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| CACC | Credit Acceptance Corporation | 47.0% | +25.5% |
| CMPR | Cimpress NV | 21.5% | +34.7% |
| WRLD | World Acceptance Corporation | 14.0% | +18.5% |
| W | Wayfair Inc | 9.4% | +16.0% |
| BTI | British American Tobacco p.l.c. | 4.8% | -10.4% |
| LEN | Lennar Corporation | 1.6% | -12.6% |
| AVTR | Avantor Inc | 1.1% | +86.1% |
| SAM | Boston Beer Company Inc | 0.5% | -8.9% |
| HTLD | Heartland Express Inc | 0.0% | +33.6% |
| RYZ | Ruyizhou Inc | 0.0% | -4.9% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| May 25, 2026 | BUY | BTI | 2.6% → 4.8% |
| May 25, 2026 | SELL | POWW | 0.1% → 0.0% |
| May 25, 2026 | SELL | RYZ | 0.1% → 0.0% |
| May 25, 2026 | SELL | YELP | 0.0% → 0.0% |
| May 25, 2026 | BUY | AVTR | 0.0% → 1.1% |
Investment Style Analysis
Prescott General Partners LLC is widely recognized for employing a Value strategy. As of Sep 11, 2026, the firm oversees approximately $1.8B in assets under management (AUM). The portfolio demonstrates a clear preference for the Credit Services and Specialty Business Services sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending May 25, Prescott General Partners LLC made a significant move by increasing exposure to BTI. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The firm's core investment philosophy is built upon a high-conviction 'Buy and Hold' approach, emphasizing exhaustive fundamental research to identify undervalued public companies. Prescott typically manages a concentrated portfolio of 10-20 securities, utilizing both qualitative metrics, such as management quality and competitive positioning, and quantitative financial analysis. With a target holding period averaging ten years, the strategy is designed to achieve long-term capital appreciation and transcend short-term market volatility. This disciplined framework prioritizes business fundamentals and intrinsic value over speculative market trends.
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 Prescott General Partners LLC.
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Frequently asked questions
How is the simulated portfolio for Prescott General Partners 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 Prescott General Partners LLC's largest holding?
As of the latest filing, Prescott General Partners LLC's top position is Credit Acceptance Corporation (CACC), representing 47.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is Prescott General Partners LLC's historical performance and risk profile?
Our simulation indicates a total return of +23.1% with a win rate of 64%. Notably, the portfolio maintains a Sharpe Ratio of 2.45, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does Prescott General Partners LLC primarily invest in?
Prescott General Partners LLC has a strong preference for the Credit Services sector, which makes up 61.0% of their disclosed assets. The portfolio also has exposure to Specialty Business Services, indicating a specific thematic focus.
Is Prescott General Partners LLC's portfolio concentrated or diversified?
Prescott General Partners LLC runs a highly concentrated portfolio with 10 disclosed positions. The top 3 holdings alone account for 82.4% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has Prescott General Partners LLC performed in 2026?
Our AI-simulated model portfolio for Prescott General Partners LLC tracks a Year-to-Date (YTD) return of +24.8%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Thomas W. Smith manage Prescott General Partners LLC directly?
Yes, Thomas W. Smith serves as the key portfolio manager for Prescott General Partners LLC, overseeing the investment strategy and final capital allocation decisions.