Q4 2025 · 13F-HR
TFJ Management, LLCholdings as filed
Filed 2026-02-17 · accession 0002056069-26-000001
$138.9M
Reported value
10
Positions
2025-12-31
Period end
The Brief · TFJ Management, LLC · Q4 2025
AI · grounded in 13F
TFJ Management, LLC established a new position in AppLovin Corp APP valued at $35.6M. The fund also initiated new stakes in OpenLane Inc OPLN for $22.4M and Coupang Inc CPNG for $19.9M. Additional new positions include Clearwater Analytics Hldgs I CWAN, GitLab Inc GTLB, and ACV Auctions Inc ACVA.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 03831W108 | APP | APPLOVIN CORP | $35.6M | 25.6% | 52,865 | Common | SOLE |
| 48238T109 | OPLN | OPENLANE INC | $22.4M | 16.1% | 752,220 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $19.9M | 14.3% | 844,182 | Common | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $16.5M | 11.9% | 683,114 | Common | SOLE |
| 37637K108 | GTLB | GITLAB INC | $15.1M | 10.9% | 402,815 | Common | SOLE |
| 00091G104 | ACVA | ACV AUCTIONS INC | $9.9M | 7.14% | 1,236,430 | Common | SOLE |
| 03783C100 | APPF | APPFOLIO INC | $8.4M | 6.06% | 36,166 | Common | SOLE |
| M8216R109 | RSKD | RISKIFIED LTD | $6.9M | 4.99% | 1,394,074 | Common | SOLE |
| 43283X105 | HGV | HILTON GRAND VACATIONS INC | $2.1M | 1.55% | 48,030 | Common | SOLE |
| G21810109 | CLVT | CLARIVATE PLC | $2.0M | 1.41% | 585,250 | 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.