272 Capital LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), 272 Capital LP reported 48 stock positions worth $105.8 million. Its top holding was Sequans Communications S A (SQNS) at 13.2% of the portfolio, followed by Applied Digital (APLD, 11.8%) and FIVE9 (FIVN, 10.5%). Compared with Q3 2024, it opened 12 new positions, sold out of 25, added to 4 and reduced 27. The biggest buy was a new position in Sequans Communications S A (SQNS) and the biggest sale an exit from Sequans Communications S A.
- Most Recent 13F
- Q4 2025
- Location
- DALLAS, TX
- CIK
- 0001841077
- Portfolio Value
- $105.8M (Q4 2024)
- SEC Filing
- 0001493152-25-006817 ↗ filed Feb 14, 2025
Holdings Value
Holdings 48 stocks · $105.8M
| SQNS Sequans Communications S A | 13.24% | 4,014,224 | $14.0M | New |
| APLD Applied Digital Corp. | 11.78% | 1,631,453 | $12.5M | No change |
| FIVN FIVE9 Inc. | 10.47% | 272,689 | $11.1M | Reduce -8.5% |
| CMRC Commerce.com Inc. filed as BIGCOMMERCE HLDGS INC | 5.22% | 901,817 | $5.5M | Reduce -15.0% |
| CDZI Cadiz Inc. | 5.16% | 1,050,000 | $5.5M | Reduce -70.2% |
| RPD RAPID7 Inc. | 4.98% | 131,010 | $5.3M | Reduce -39.1% |
| VPG Vishay Precision Group | 3.52% | 158,482 | $3.7M | Reduce -36.0% |
| RSKD Riskified Ltd. Class A | 3.21% | 717,401 | $3.4M | Reduce -31.9% |
| LGTY Logility Supply Chain Soluti | 3.04% | 289,812 | $3.2M | Reduce -47.0% |
| CXM Sprinklr Inc. Class A | 2.99% | 374,111 | $3.2M | Add +21.0% |
| NABL N-Able Inc. | 2.98% | 337,481 | $3.2M | Add +52.3% |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 2.77% | 208,356 | $2.9M | New |
| OKTA Okta Inc. | 2.70% | 36,252 | $2.9M | Add +117.1% |
| HBIO Harvard Bioscience Inc. | 2.70% | 1,351,397 | $2.9M | Reduce -12.0% |
| DH Definitive Healthcare Corp. | 2.63% | 677,940 | $2.8M | Reduce -39.1% |
| SIMO Silicon Motion Technol-ADR | 2.59% | 50,647 | $2.7M | Reduce -50.0% |
| COHU Cohu Inc. | 2.36% | 93,693 | $2.5M | Reduce -40.4% |
| IAS Integral Ad Science Holding | 2.26% | 229,137 | $2.4M | Reduce -12.9% |
| DRDBU Roman DBDR Acquisition Corp. | 1.90% | 201,495 | $2.0M | New |
| MTCH Match Group Inc. | 1.39% | 45,000 | $1.5M | New |
| ENFN Enfusion Inc. Class A | 1.23% | 126,304 | $1.3M | Reduce -9.3% |
| GPRE Green Plains Inc. | 1.22% | 135,845 | $1.3M | Reduce -51.3% |
| KLIC Kulicke & Soffa Industries | 1.10% | 25,000 | $1.2M | New |
| SWI Solarwinds Corp. | 1.03% | 76,567 | $1.1M | Reduce -78.2% |
| BASE Couchbase Inc. | 0.95% | 64,700 | $1.0M | Reduce -72.0% |
| ECVT Ecovyst Inc. | 0.92% | 127,310 | $973K | New |
| XPER Xperi Inc. | 0.72% | 74,535 | $765K | Reduce -80.4% |
| VSH Vishay Intertechnology Inc. | 0.67% | 41,957 | $711K | New |
| TENB Tenable Holdings Inc. | 0.59% | 15,915 | $627K | New |
| VECO Veeco Instruments Inc. | 0.42% | 15,410 | $443K | Add +912.5% |
| QRVO Qorvo Inc. | 0.40% | 6,100 | $427K | New |
| ALTG Alta Equipment Group Inc. | 0.36% | 59,000 | $386K | Reduce -85.8% |
| GDOT Green Dot Corp. Class A | 0.35% | 35,000 | $372K | New |
| IIIV I3 Verticals Inc. Class A | 0.24% | 11,000 | $253K | Reduce -95.7% |
| DV Doubleverify Holdings Inc. | 0.20% | 10,900 | $209K | Reduce -92.3% |
| MULTISENSOR AI HOLDINGS INC | 0.20% | 112,500 | $207K | No change |
| AMN Amn Healthcare Services Inc. | 0.19% | 8,456 | $202K | New |
| DAVA Endava PLC- Spon ADR | 0.19% | 6,500 | $201K | Reduce -95.5% |
| BITCOIN DEPOT INC | 0.18% | 254,041 | $190K | No change |
| AVR Anteris Technologies Global | 0.17% | 31,587 | $176K | New |
| W Wayfair Inc. Class A | 0.15% | 3,700 | $164K | Reduce -91.6% |
| BITF Bitfarms Ltd./Canada | 0.15% | 105,055 | $157K | No change |
| MITK Mitek Systems Inc. | 0.14% | 13,000 | $145K | Reduce -86.9% |
| RSVR Reservoir Media Inc. | 0.13% | 15,000 | $136K | No change |
| GSM Ferroglobe PLC | 0.13% | 35,000 | $133K | Reduce -91.3% |
| UPLD Upland Software Inc. | 0.04% | 8,610 | $37K | Reduce -98.4% |
| KRMD Koru Medical Systems Inc. | 0.03% | 9,572 | $37K | Reduce -96.8% |
| EWCZ European Wax Center Inc. Class A | 0.01% | 1,935 | $13K | Reduce -95.4% |
Portfolio Sells Q3 2024 → Q4 2024
| SEQUANS COMMUNICATIONS S A | Sold out | 0.00% | −6.83 |
| IIIV I3 Verticals Inc. Class A | Reduce -95.7% | 0.24% | −2.88 |
| ZUO Zuora Inc. Class A | Sold out | 0.00% | −2.43 |
| RAMP Liveramp Holdings Inc. | Sold out | 0.00% | −2.24 |
| BL Blackline Inc. | Sold out | 0.00% | −2.16 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −2.05 |
| DAVA Endava PLC- Spon ADR | Reduce -95.5% | 0.19% | −1.93 |
| SWI Solarwinds Corp. | Reduce -78.2% | 1.03% | −1.58 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −1.57 |
| XPER Xperi Inc. | Reduce -80.4% | 0.72% | −1.28 |
| W Wayfair Inc. Class A | Reduce -91.6% | 0.15% | −1.26 |
| ALTG Alta Equipment Group Inc. | Reduce -85.8% | 0.36% | −1.24 |
| BASE Couchbase Inc. | Reduce -72.0% | 0.95% | −1.17 |
| DV Doubleverify Holdings Inc. | Reduce -92.3% | 0.20% | −1.16 |
| TDS Telephone and Data Systems | Sold out | 0.00% | −1.15 |
| GSM Ferroglobe PLC | Reduce -91.3% | 0.13% | −0.94 |
| CDZI Cadiz Inc. | Reduce -70.2% | 5.16% | −0.94 |
| GPRE Green Plains Inc. | Reduce -51.3% | 1.22% | −0.94 |
| SIMO Silicon Motion Technol-ADR | Reduce -50.0% | 2.59% | −0.93 |
| AVNW Aviat Networks Inc. | Sold out | 0.00% | −0.85 |
| UPLD Upland Software Inc. | Reduce -98.4% | 0.04% | −0.73 |
| HUCK Huckleberry AI Inc. | Sold out | 0.00% | −0.68 |
| IMXI International Money Express | Sold out | 0.00% | −0.64 |
| ESTC Elastic NV | Sold out | 0.00% | −0.63 |
| HEES H&E Equipment Services Inc. | Sold out | 0.00% | −0.56 |
| LGTY Logility Supply Chain Soluti | Reduce -47.0% | 3.04% | −0.46 |
| KRMD Koru Medical Systems Inc. | Reduce -96.8% | 0.03% | −0.44 |
| LFCR Lifecore Biomedical Inc. | Sold out | 0.00% | −0.40 |
| MITK Mitek Systems Inc. | Reduce -86.9% | 0.14% | −0.35 |
| MGNI Magnite Inc. | Sold out | 0.00% | −0.34 |
| CERT Certara Inc. | Sold out | 0.00% | −0.33 |
| INDI Indie Semiconductor Inc. Class A | Sold out | 0.00% | −0.29 |
| BAND Bandwidth Inc. Class A | Sold out | 0.00% | −0.23 |
| DH Definitive Healthcare Corp. | Reduce -39.1% | 2.63% | −0.21 |
| EWCZ European Wax Center Inc. Class A | Reduce -95.4% | 0.01% | −0.15 |
| VPG Vishay Precision Group | Reduce -36.0% | 3.52% | −0.15 |
| EB Eventbrite Inc. Class A | Sold out | 0.00% | −0.15 |
| EGHT 8X8 Inc. | Sold out | 0.00% | −0.08 |
| VIAV Viavi Solutions Inc. | Sold out | 0.00% | −0.05 |
| APPN Appian Corp. Class A | Sold out | 0.00% | −0.04 |
| LUNG Pulmonx Corp. | Sold out | 0.00% | −0.03 |
| FARO Faro Technologies Inc. | Sold out | 0.00% | −0.02 |
| MBLY Mobileye Global Inc. Class A | Sold out | 0.00% | −0.01 |
| BJRI Bj's Restaurants Inc. | Sold out | 0.00% | −0.00 |
| COHU Cohu Inc. | Reduce -40.4% | 2.36% | +0.06 |
| RPD RAPID7 Inc. | Reduce -39.1% | 4.98% | +0.07 |
| HBIO Harvard Bioscience Inc. | Reduce -12.0% | 2.70% | +0.33 |
| RSKD Riskified Ltd. Class A | Reduce -31.9% | 3.21% | +0.36 |
| ENFN Enfusion Inc. Class A | Reduce -9.3% | 1.23% | +0.47 |
| IAS Integral Ad Science Holding | Reduce -12.9% | 2.26% | +0.63 |
Portfolio Buys Q3 2024 → Q4 2024
| SQNS Sequans Communications S A | New | 13.24% | +13.24 |
| JAMF Jamf Holding Corp. | New | 2.77% | +2.77 |
| OKTA Okta Inc. | Add +117.1% | 2.70% | +1.99 |
| DRDBU Roman DBDR Acquisition Corp. | New | 1.90% | +1.90 |
| CXM Sprinklr Inc. Class A | Add +21.0% | 2.99% | +1.62 |
| MTCH Match Group Inc. | New | 1.39% | +1.39 |
| NABL N-Able Inc. | Add +52.3% | 2.98% | +1.32 |
| KLIC Kulicke & Soffa Industries | New | 1.10% | +1.10 |
| ECVT Ecovyst Inc. | New | 0.92% | +0.92 |
| VSH Vishay Intertechnology Inc. | New | 0.67% | +0.67 |
| TENB Tenable Holdings Inc. | New | 0.59% | +0.59 |
| QRVO Qorvo Inc. | New | 0.40% | +0.40 |
| VECO Veeco Instruments Inc. | Add +912.5% | 0.42% | +0.39 |
| GDOT Green Dot Corp. Class A | New | 0.35% | +0.35 |
| AMN Amn Healthcare Services Inc. | New | 0.19% | +0.19 |
| AVR Anteris Technologies Global | New | 0.17% | +0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 1 | $40.0M | APLD |
| Q3 2025 | 3 | $39.3M | APLD, SQNS, BITF |
| Q2 2025 | 7 | $24.3M | APLD, SQNS, CXM, RSKD, TENB |
| Q1 2025 | 31 | $37.8M | APLD, SQNS, FIVN, CDZI, RPD |
| Q4 2024 | 48 | $105.8M | SQNS, APLD, FIVN, CMRC, CDZI |
| Q3 2024Amended | 61 | $175.0M | APLD, SEQUANS COMMUNICATIONS S A, CDZI, RPD, FIVN |
| Q2 2024 | 62 | $199.0M | VPG, FIVN, CDZI, APLD, RSKD |
| Q1 2024 | 67 | $249.8M | VPG, ALTG, RSKD, HBIO, CDZI |