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Passport Capital

Full company profile

uuid0009r39

Namestring
Passport Capital
Legal namestring
Passport Capital, LLC
Company typeenum
Private
Founded yearint
2000
Descriptiontext

Passport Capital, LLC is a San Francisco-based global thematic investment firm founded in 2000 by John H. Burbank III. The firm manages a family of investment funds designed to anticipate macro trends across emerging markets and emerging technology sectors, deploying capital across a range of early-stage strategies. The firm is privately held by its founder, employs 101–250 professionals, and operates from its headquarters at 1 Letterman Drive, Building A, Suite 4900, San Francisco, CA 94129.

The firm's product offering consists of a suite of thematic investment funds managed as a cohesive family rather than discrete standalone products. The underlying investment platform centers on identifying macro trends and allocating capital across emerging markets and emerging-technology opportunities. Passport Capital does not disclose proprietary technology infrastructure, AI/ML tooling, APIs, or external integrations in available source material; the firm has no public app and provides only a static marketing and contact website (last refreshed in 2019).

Passport Capital generates revenue through traditional investment management economics, charging management fees and performance fees (carried interest) on assets managed across its fund family. Its go-to-market is enterprise field sales targeting qualified high-net-worth and institutional investors, distributed through direct relationships and industry networks rather than retail channels; specific fee schedules are not publicly disclosed and are negotiated with qualified investors. No AUM, revenue figures, fund vintages, or LP counts are disclosed in the input data, limiting external triangulation of scale.

Short descriptiontext

Passport Capital is a San Francisco-based global thematic investment firm founded in 2000 that manages a family of funds targeting macro trends across emerging markets and emerging technology for high-net-worth and institutional investors.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersSan Francisco, United States
HQ citystring
San Francisco
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
thematic investment management, emerging markets funds, macro trend investing, early-stage investment strategies, hedge fund management
Industry2 codes
1Portfolio Construction & Asset Allocation Advisory
CodeFSAEAAACPrimaryYes
2Thematic / Sector-Focused Multi-Manager Platforms
CodeFSANAGAHPrimaryNo
NAICS code2 codes
  • Portfolio Management and Investment Advice523940
  • Funds, Trusts, and Other Financial Vehicles525
SIC code1 code
  • Investment Advice6282
Product category
Investment Management
No data
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Investment Management Fees
TypeSubscription Recurring
Description

Passport Capital generates revenue through management fees and performance fees (carried interest) from its family of investment funds focused on early-stage strategies in emerging markets and emerging technology sectors.

passportcapital.com
Cost components5 values
Personnel, Operations, Technology or R&D, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Passport Capital manages a family of investment funds that anticipate macro trends across emerging markets and emerging technology sectors, employing early-stage investment strategies. The firm offers qualified investors diversified thematic fund vehicles designed to capitalize on global macro shifts. It operates as a private investment manager, generating revenue through management fees and performance-based carried interest.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Passport Capital operates as a single unified investment offering through its family of funds. These funds are designed to anticipate macro trends across emerging markets and emerging technology sectors, focusing on early stage investment strategies. The product portfolio consists of thematic investment funds managed as a cohesive family of strategies rather than standalone products.

Product and service1 record
1Family of Funds
CategoryInvestment funds
Description

A suite of thematic investment funds that anticipate macro trends across emerging markets and emerging technology sectors, offered through a range of early-stage investment strategies for qualified investors.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight2 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Founder-driven thematic value fund with concentrated bets on macro and sector dislocations — directly comparable in size and posture to Passport Capital.

TypeDirect peer
Description

Founder-controlled global macro hedge fund historically focused on emerging-market and thematic macro trends — close peer in mandate and size tier.

TypeDirect peer
Description

Founder-controlled, multi-strategy investment firm managing capital across global thematic and value opportunities for institutional clients.

TypeDirect peer
Description

Founder-led global macro and discretionary trading firm with institutional LP base; comparable scale and thematic orientation.

TypeDirect peer
Description

Large, founder-influenced global activist and macro fund deploying capital across emerging markets and technology themes — directly comparable LP-facing franchise.

TypeDirect peer
Description

Founder-led global macro/thematic investment firm that allocates capital across macro trends and emerging-market themes — the closest analogue to Passport Capital's stated mandate.

TypeBroad incumbent
Description

Quant macro and systematic investment firm; represents the technology-driven extreme of the macro/thematic universe Passport Capital operates in.

TypeBroad incumbent
Description

Largest global macro asset manager; competes for institutional capital seeking systematic and discretionary macro/thematic exposure at far greater scale.

TypeDirect peer
Description

Concentrated, thematic activist manager targeting large macro-driven opportunities — competes for the same institutional thematic capital pool.

TypeBroad incumbent
Description

Multi-strategy alternative asset manager with a large global macro and equities franchise — represents the scaled incumbent benchmark in the same space.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment28 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Passport Capital

Investment Managementpassportcapital.com

Passport Capital is a San Francisco-based global thematic investment firm founded in 2000 that manages a family of funds targeting macro trends across emerging markets and emerging technology for high-net-worth and institutional investors.

What Passport Capital does

Passport Capital, LLC is a San Francisco-based global thematic investment firm founded in 2000 by John H. Burbank III. The firm manages a family of investment funds designed to anticipate macro trends across emerging markets and emerging technology sectors, deploying capital across a range of early-stage strategies. The firm is privately held by its founder, employs 101–250 professionals, and operates from its headquarters at 1 Letterman Drive, Building A, Suite 4900, San Francisco, CA 94129.

The firm's product offering consists of a suite of thematic investment funds managed as a cohesive family rather than discrete standalone products. The underlying investment platform centers on identifying macro trends and allocating capital across emerging markets and emerging-technology opportunities. Passport Capital does not disclose proprietary technology infrastructure, AI/ML tooling, APIs, or external integrations in available source material; the firm has no public app and provides only a static marketing and contact website (last refreshed in 2019).

Passport Capital generates revenue through traditional investment management economics, charging management fees and performance fees (carried interest) on assets managed across its fund family. Its go-to-market is enterprise field sales targeting qualified high-net-worth and institutional investors, distributed through direct relationships and industry networks rather than retail channels; specific fee schedules are not publicly disclosed and are negotiated with qualified investors. No AUM, revenue figures, fund vintages, or LP counts are disclosed in the input data, limiting external triangulation of scale.

Passport Capital firmographics

Firmographics
Name
Passport Capital
Legal name
Passport Capital, LLC
Website
https://passportcapital.com
Company type
Private
Founded year
2000
Operating status
Operating
Headcount range
101–250 employees
Short description
Passport Capital is a San Francisco-based global thematic investment firm founded in 2000 that manages a family of funds targeting macro trends across emerging markets and emerging technology for high-net-worth and institutional investors.
Ownership category
akta.pro rank

Passport Capital industry classification

Industry
Product category
Investment Management
NAICS
Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)
SIC
Investment Advice (6282)
akta.pro primary industry
Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)
akta.pro secondary industry
Thematic / Sector-Focused Multi-Manager Platforms (FSANAGAH)

Keywords

  • Thematic investment management
  • Emerging markets funds
  • Macro trend investing
  • Early-stage investment strategies
  • Hedge fund management

Where Passport Capital is headquartered

Location

Headquarters

HQ city
San Francisco
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Passport Capital business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

  1. Investment Management Fees: Passport Capital generates revenue through management fees and performance fees (carried interest) from its family of investment funds focused on early-stage strategies in emerging markets and emerging technology sectors.

Go-to-market motion1 record

Passport Capital product offering

Product offering

Core offering

Passport Capital manages a family of investment funds that anticipate macro trends across emerging markets and emerging technology sectors, employing early-stage investment strategies. The firm offers qualified investors diversified thematic fund vehicles designed to capitalize on global macro shifts. It operates as a private investment manager, generating revenue through management fees and performance-based carried interest.

Product overview

Passport Capital operates as a single unified investment offering through its family of funds. These funds are designed to anticipate macro trends across emerging markets and emerging technology sectors, focusing on early stage investment strategies. The product portfolio consists of thematic investment funds managed as a cohesive family of strategies rather than standalone products.

Differentiator

Problem solved

Functional benefit

Products and services

  • Family of Funds A suite of thematic investment funds that anticipate macro trends across emerging markets and emerging technology sectors, offered through a range of early-stage investment strategies for qualified investors.

Companies that use Passport Capital

Customer profile

Segments1 record

Ideal customer profiles1 record

Passport Capital technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Passport Capital partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Passport Capital competitors and assessment

Company assessment

Direct peers

  • Greenlight Capital: Founder-driven thematic value fund with concentrated bets on macro and sector dislocations — directly comparable in size and posture to Passport Capital.
  • Moore Capital Management: Founder-controlled global macro hedge fund historically focused on emerging-market and thematic macro trends — close peer in mandate and size tier.
  • Baupost Group: Founder-controlled, multi-strategy investment firm managing capital across global thematic and value opportunities for institutional clients.
  • Tudor Investment Corporation: Founder-led global macro and discretionary trading firm with institutional LP base; comparable scale and thematic orientation.
  • Elliott Investment Management: Large, founder-influenced global activist and macro fund deploying capital across emerging markets and technology themes — directly comparable LP-facing franchise.
  • Soros Fund Management: Founder-led global macro/thematic investment firm that allocates capital across macro trends and emerging-market themes — the closest analogue to Passport Capital's stated mandate.
  • Pershing Square Capital Management: Concentrated, thematic activist manager targeting large macro-driven opportunities — competes for the same institutional thematic capital pool.

Broad incumbents

  • Renaissance Technologies: Quant macro and systematic investment firm; represents the technology-driven extreme of the macro/thematic universe Passport Capital operates in.
  • Bridgewater Associates: Largest global macro asset manager; competes for institutional capital seeking systematic and discretionary macro/thematic exposure at far greater scale.
  • Citadel: Multi-strategy alternative asset manager with a large global macro and equities franchise — represents the scaled incumbent benchmark in the same space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Passport Capital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Passport Capital leadership team

Management profile

Number of profiles

Profiles6 records

Passport Capital funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Passport Capital M&A and investment

M&A and investment

M&A

Investments28 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Passport Capital

What does Passport Capital do?

Passport Capital manages a family of investment funds that anticipate macro trends across emerging markets and emerging technology sectors, employing early-stage investment strategies. The firm offers qualified investors diversified thematic fund vehicles designed to capitalize on global macro shifts. It operates as a private investment manager, generating revenue through management fees and performance-based carried interest.

Is Passport Capital a public or private company?

Passport Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Passport Capital founded?

Passport Capital was founded in 2000. It employs 101 to 250 people.

Where is Passport Capital based?

Passport Capital is headquartered in San Francisco, United States, in the North America region.

How does Passport Capital make money?

One revenue line is on record: investment Management Fees.

Who are Passport Capital's main competitors?

Direct peers on record are Greenlight Capital, Moore Capital Management, Baupost Group, Tudor Investment Corporation, Elliott Investment Management, Soros Fund Management and Pershing Square Capital Management. Broad incumbents are Renaissance Technologies, Bridgewater Associates and Citadel.

Does Passport Capital have an API?

No public API is recorded for Passport Capital.

What industry is Passport Capital in?

Passport Capital's product category is Investment Management. Its primary akta.pro industry code is FSAEAAAC, Portfolio Construction & Asset Allocation Advisory, with a secondary code of FSANAGAH, Thematic / Sector-Focused Multi-Manager Platforms. Its NAICS code is 523940 and its SIC code is 6282.

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Live signals
Business InsiderJohn Burbank's Passport Capital, which famously shorted the subprime mortgage crisis, is rapidly shrinkingPassport Capital, founded by John Burbank, is rapidly shrinking, managing only $900 million at quarter-end, down from $2.1 billion at the start of the year. The firm reported $480 million in net outflows for the second quarter, and its flagship fund is down 16.8% after fees.Business InsiderA big-name hedge fund manager is shutting down a key fundPassport Capital is shutting its long-short equity fund, which managed about $833 million and nearly one-third of the firm's assets. The fund fell 11.77% last year, and the firm's total assets have shrunk to about $2.6 billion as of January 31. The closure comes amid underperformance and staff turnover.Business InsiderFUND MANAGER: Investors are unprepared for the future of the marketJohn H. Burbank, chief investment officer of Passport Capital, warned investors are unprepared for future market changes, citing insufficient liquidity. He said lower liquidity will reduce stock multiples and make some markets untradeable, while his fund's special opportunities fund rose 16% through January.Business InsiderJOHN BURBANK: 'This is the next one'John H. Burbank, chief investment officer of $4.1 billion Passport Capital, warned of an impending liquidity crisis, saying the market may lack participants to absorb selling. He cited divergent market trends and noted Passport's special opportunities fund rose 30% through August.TechCrunchBright Raises $14M To Take On LinkedIn With A Data-Centric Recruiting ApproachBright, a recruiting startup leveraging data science and machine learning algorithms to match job seekers with recruiters, has closed a $14 million Series B funding round led by Toba Capital and Passport Capital. The company's platform uses a proprietary "Bright Score" algorithm that analyzes historical hiring patterns, location, experience, and synonyms to rank candidates for positions in the $30,000 to $80,000 salary range, where recruiters typically face overwhelming application volumes. The funding will be used to expand Bright's 51-person team, particularly its data science department, while deploying its own technology to hiring across sales, marketing, and engineering functions.Business InsiderThe Best Quotes From Q1 Hedge Fund Letters: Kleinheinz Capital, Omega, And PassportThree hedge fund letters from Kleinheinz Capital, Omega Advisors, and Passport Capital were quoted, covering uranium, US equities, and a RMB forward. Kleinheinz sees long-term nuclear growth, Omega cites US expansion catalysts, and Passport estimates an 8% break-even on its RMB trade.Business InsiderPassport Capital's John Burbank On "The Biggest Reason To Stay In Gold"John Burbank of Passport Capital argues the biggest reason to hold gold is long-term dollar devaluation and China's rising consumer demand. He favors physical gold and junior mining stocks, noting Barrick and Newmont have fallen over 10% recently. He expects further gold declines if the Fed prints more money.Business InsiderDid Jeff Kong Get His $74 Million?Jeff Kong joined Passport Capital, potentially ending his feud with former boss Don Brownstein over a $74 million compensation claim. Brownstein countersued for $10 million, and Kong's departure in May 2010 followed SPM's best 2010 returns. It remains unclear whether Kong received the disputed amount.Business InsiderJohn Burbank And Passport Capital’s Amazingly Successful New Stock PicksJohn Burbank of Passport Capital initiated new positions in Apple and Cisco, among others, with his top 30 holdings returning 9.8% in 2011 versus SPY's 6.4%. His new picks outperformed the SPY by 11.5% since December, with 13 of 14 beating the index.Business Insider2010's Best Hedge Fund Manager Feuds With Former Employee Who Says Boss Owes Him $74 MillionJeff Kong claims former boss Don Brownstein owes him $74 million in performance-based compensation, while Brownstein countersues for $10 million over a broken noncompete. The dispute follows Kong's departure to Passport Capital after SPM's 2010 returns, with Brownstein and co-manager William Mok listed as managers of the fund that gained 49.5%.