In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Circumference Group LLC reported 22 stock positions worth $85.2 million . Its top holding was Upwork (UPWK) at 8.2% of the portfolio, followed by Twilio Class A (TWLO, 8.1% ) and Resources Connection (RGP, 7.6% ). Compared with Q2 2025, it opened 3 new positions, sold out of 4, added to 6 and reduced 8. The biggest buy was Wix.com (WIX, shares +143% ) and the biggest sale an exit from Informatica Class A (INFA).
Location Little Rock, AR
CIK 0001742372
Portfolio Value $85.2M (Q3 2025) Holdings 22 stocks · $85.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2025 UPWK Upwork Inc. 375,000 $7.0M Reduce -8.5% TWLO Twilio Inc. Class A 69,000 $6.9M Add +3.0% RGP Resources Connection Inc. 1,289,243 $6.5M No change WIX Wix.com Ltd. 36,500 $6.5M Add +143.3% EXTR Extreme Networks Inc. 270,000 $5.6M Reduce -31.6% TDC Teradata Corp. 245,000 $5.3M Reduce -21.0% YEXT Yext Inc. 597,800 $5.1M Reduce -7.7% ICLR Icon PLC 28,000 $4.9M Add +16.7% IAS Integral Ad Science Holding 450,000 $4.6M Add +28.6% GTM Zoominfo Technologies Inc. 410,000 $4.5M Add +6.5% KFY Korn Ferry 52,900 $3.7M Add +20.5% CXM Sprinklr Inc. Class A 460,000 $3.6M No change PATH Uipath Inc. Class A 265,000 $3.5M Reduce -33.8% CNM Core & Main Inc. Class A 50,000 $2.7M New VMEO Vimeo Inc. 325,000 $2.5M Reduce -55.2% FIVN FIVE9 Inc. 99,500 $2.4M Reduce -17.1% AMPL Amplitude Inc. Class A 218,000 $2.3M No change ONTF ON24 Inc. 354,196 $2.0M No change DAVA Endava PLC- Spon ADR 196,500 $1.8M Reduce -39.8% EPAM Epam Systems Inc. 11,000 $1.7M New GLOB Globant SA 28,000 $1.6M New KLTR Kaltura Inc. 400,000 $576K No change
Options reported separately and not counted above: UIPATH INC calls ($2.7M), ZOOMINFO TECHNOLOGIES INC calls ($1.6M).
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ INFA Informatica Inc. Class A Sold out 0.00% −5.81 BASE Couchbase Inc. Sold out 0.00% −5.10 DAVA Endava PLC- Spon ADR Reduce -39.8% 2.10% −3.09 AVDX Avidxchange Holdings Inc. Sold out 0.00% −2.79 TIXT Telus International Cda Inc. Sold out 0.00% −1.51 PATH Uipath Inc. Class A Reduce -33.8% 4.16% −1.15 TDC Teradata Corp. Reduce -21.0% 6.19% −0.99 EXTR Extreme Networks Inc. Reduce -31.6% 6.55% −0.81 FIVN FIVE9 Inc. Reduce -17.1% 2.83% −0.47 VMEO Vimeo Inc. Reduce -55.2% 2.96% −0.08 YEXT Yext Inc. Reduce -7.7% 5.98% +0.27 UPWK Upwork Inc. Reduce -8.5% 8.18% +2.46
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ WIX Wix.com Ltd. Add +143.3% 7.61% +5.15 CNM Core & Main Inc. Class A New 3.16% +3.16 IAS Integral Ad Science Holding Add +28.6% 5.37% +2.36 ICLR Icon PLC Add +16.7% 5.75% +2.13 EPAM Epam Systems Inc. New 1.95% +1.95 GLOB Globant SA New 1.89% +1.89 GTM Zoominfo Technologies Inc. Add +6.5% 5.25% +1.21 KFY Korn Ferry Add +20.5% 4.35% +1.01 TWLO Twilio Inc. Class A Add +3.0% 8.11% −0.54
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ UIPATH INC call New 200,000 $2.7M ZOOMINFO TECHNOLOGIES INC call New 150,000 $1.6M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 13 $46.0M EXTR, ICLR, RGP, CNM, TWLO Q1 2026 13 $44.6M EXTR, RGP, CNM, PATH, WIX Q4 2025 20 $89.7M TWLO, UPWK, RGP, PATH, TDC Q3 2025 22 $85.2M UPWK, TWLO, RGP, WIX, EXTR Q2 2025 23 $96.4M TWLO, EXTR, RGP, TDC, INFA Q1 2025 21 $80.8M RGP, TDC, UPWK, EXTR, BASE Q4 2024 25 $107.2M RGP, UPWK, GDDY, ZUO, TDC Q3 2024 26 $95.4M RGP, EXTR, YEXT, TDC, UPWK Q2 2024 25 $93.6M TDC, RGP, EXTR, ZUO, CXM Q1 2024 29 $96.9M RGP, ZUO, TDC, JNPR, CXM