Q4 2025 · 13F-HR
Circumference Group LLCholdings as filed
Filed 2026-02-17 · accession 0001420506-26-000560
$92.8M
Reported value
22
Positions
2025-12-31
Period end
The Brief · Circumference Group LLC · Q4 2025
AI · grounded in 13F
Circumference Group LLC exited its position in IAS for a reduction of $4.58M. The fund established new positions in RAPID7 INC for $3.8M and AVANTOR INC for $3.5M. Additionally, the manager closed positions in [[stock:VMEO*]] and DAVA, while increasing its share count in CNM by 80%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 90138F102 | TWLO | TWILIO INC | $9.2M | 9.96% | 65,000 | Common | SOLE |
| 91688F104 | UPWK | UPWORK INC | $7.6M | 8.22% | 385,000 | Common | SOLE |
| 76122Q105 | RGP | RESOURCES CONNECTION INC | $7.0M | 7.55% | 1,389,243 | Common | SOLE |
| 90364P105 | PATH | UIPATH INC | $6.3M | 6.80% | 385,000 | Common | SOLE |
| 88076W103 | TDC | TERADATA CORP DEL | $5.3M | 5.74% | 175,000 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $5.1M | 5.50% | 28,000 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INC | $4.7M | 5.04% | 90,000 | Common | SOLE |
| 98980F104 | GTM | ZOOMINFO TECHNOLOGIES INC | $4.6M | 4.99% | 455,000 | Common | SOLE |
| 30226D106 | EXTR | EXTREME NETWORKS | $4.5M | 4.84% | 270,000 | Common | SOLE |
| 98585N106 | YEXT | YEXT INC | $4.4M | 4.71% | 542,800 | Common | SOLE |
| 85208T107 | CXM | SPRINKLR INC | $4.4M | 4.70% | 560,000 | Common | SOLE |
| M98068105 | WIX | WIX COM LTD | $4.2M | 4.48% | 40,000 | Common | SOLE |
| 753422104 | RPD | RAPID7 INC | $3.8M | 4.10% | 250,000 | Common | SOLE |
| 500643200 | KFY | KORN FERRY | $3.7M | 3.98% | 55,900 | Common | SOLE |
| 05352A100 | AVTR | AVANTOR INC | $3.5M | 3.77% | 305,000 | Common | SOLE |
| 03213A104 | AMPL | AMPLITUDE INC | $2.8M | 2.97% | 238,000 | Common | SOLE |
| L44385109 | GLOB | GLOBANT S A | $2.7M | 2.96% | 42,000 | Common | SOLE |
| 29414B104 | EPAM | EPAM SYS INC | $2.5M | 2.65% | 12,000 | Common | SOLE |
| 68339B104 | ONTF | ON24 INC | $2.2M | 2.39% | 279,151 | Common | SOLE |
| 98585N106 | YEXT | YEXT INC | $1.6M | 1.72% | 197,800 | PUT | SOLE |
| 88076W103 | TDC | TERADATA CORP DEL | $1.5M | 1.64% | 50,000 | PUT | SOLE |
| 338307101 | FIVN | FIVE9 INC | $1.2M | 1.30% | 60,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.