Wishbone Management, LP

Wishbone Management, LP is a private investment firm based in Chicago, Illinois, specializing in providing discretionary investment advisory services to private funds for sophisticated individual and institutional investors. The firm manages client assets totaling approximately $911,898,183 as of December 31, 2024. Investment strategies include buy and hold, focused portfolio/non-diversification, margin transactions, hedging, short selling, and derivatives. Wishbone Management, LP conducts fundamental analysis of issuers and invests in equity, debt securities, and other instruments. Clients should be prepared for the risk of loss associated with these strategies. The firm has policies in place to address conflicts of interest, including the allocation of investment opportunities among client accounts.

Founded in 2007, Wishbone Management, LP has been registered with the SEC since May 2016. The firm employs approximately 21 professionals and primarily manages pooled investment vehicles, focusing on institutional clients such as investment funds. The firm's investment strategy is fundamental and research-driven, emphasizing deep analysis of company fundamentals and value-oriented stock selection. The firm manages concentrated portfolios, typically holding a small number of positions, and may employ both long and short positions to generate returns.

Wishbone Management, LP's portfolio includes investments in various sectors, including technology, healthcare, consumer goods, energy, financial services, media, telecommunications, retail, industrial, real estate, transportation, utilities, materials, consumer services, and business services. The firm typically invests between $5 million and $50 million per transaction, focusing on growth, late-stage, pre-IPO, buyout, turnaround, and distressed opportunities within the United States. The firm's investment philosophy centers on fundamental analysis and active management to generate superior risk-adjusted returns for its clients.