Kopion Asset Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 7, 2026), Kopion Asset Management, LLC reported 21 stock positions worth $158.2 million. Its top holding was Varonis Systems (VRNS) at 10.1% of the portfolio, followed by Nice Ltd. - Spon ADR (NICE, 8.4%) and Trupanion (TRUP, 8.2%). Compared with Q1 2026, it opened 1 new position, added to 7 and reduced 13. The biggest buy was Tyler Technologies (TYL, shares +411%) and the biggest sale Tennant (TNC, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- MCKINNEY, TX
- CIK
- 0001728689
- Portfolio Value
- $158.2M (Q2 2026)
- SEC Filing
- 0001728689-26-000005 ↗ filed Jul 7, 2026
Holdings Value
Holdings 21 stocks · $158.2M
| VRNS Varonis Systems Inc. | 10.13% | 382,088 | $16.0M | Reduce -22.9% |
| NICE Nice Ltd. - Spon ADR | 8.40% | 146,272 | $13.3M | Add +27.2% |
| TRUP Trupanion Inc. | 8.19% | 522,999 | $13.0M | Add +30.9% |
| MGNI Magnite Inc. | 8.09% | 674,451 | $12.8M | Reduce -21.2% |
| CERT Certara Inc. | 7.69% | 1,858,539 | $12.2M | Add +44.3% |
| SSTI Soundthinking Inc. | 6.38% | 1,114,648 | $10.1M | Add +14.6% |
| AIOT Powerfleet Inc. | 5.87% | 2,424,288 | $9.3M | Reduce -0.5% |
| ACIW Aci Worldwide Inc. | 5.74% | 180,470 | $9.1M | Reduce -0.5% |
| TNC Tennant Co. | 5.53% | 99,878 | $8.7M | Reduce -41.8% |
| SSYS Stratasys Ltd. | 5.13% | 947,970 | $8.1M | Add +2.3% |
| CGNX Cognex Corp. | 4.18% | 91,319 | $6.6M | Reduce -4.9% |
| FTI Technipfmc PLC | 4.15% | 99,053 | $6.6M | Reduce -7.6% |
| ERII Energy Recovery Inc. | 3.65% | 639,545 | $5.8M | Add +26.1% |
| TYL Tyler Technologies Inc. | 3.62% | 19,605 | $5.7M | Add +411.4% |
| HXL Hexcel Corp. | 2.96% | 46,856 | $4.7M | Reduce -13.9% |
| BWA Borgwarner Inc. | 2.91% | 69,428 | $4.6M | Reduce -42.6% |
| SLP Simulations Plus Inc. | 2.14% | 184,614 | $3.4M | Reduce -17.0% |
| CYRX Cryoport Inc. | 2.07% | 208,169 | $3.3M | Reduce -0.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.84% | 31,824 | $2.9M | Reduce -0.7% |
| TREX Trex Company Inc. filed as TREX INC | 0.92% | 28,962 | $1.4M | New |
| COHR Coherent Corp. | 0.42% | 1,680 | $663K | Reduce -36.6% |
Portfolio Sells Q1 2026 → Q2 2026
| TNC Tennant Co. | Reduce -41.8% | 5.53% | −3.34 |
| BWA Borgwarner Inc. | Reduce -42.6% | 2.91% | −2.20 |
| FTI Technipfmc PLC | Reduce -7.6% | 4.15% | −1.61 |
| HXL Hexcel Corp. | Reduce -13.9% | 2.96% | −0.47 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -0.7% | 1.84% | −0.44 |
| COHR Coherent Corp. | Reduce -36.6% | 0.42% | −0.07 |
| ACIW Aci Worldwide Inc. | Reduce -0.5% | 5.74% | −0.05 |
| AIOT Powerfleet Inc. | Reduce -0.5% | 5.87% | +0.03 |
| SLP Simulations Plus Inc. | Reduce -17.0% | 2.14% | +0.09 |
| MGNI Magnite Inc. | Reduce -21.2% | 8.09% | +0.18 |
| CGNX Cognex Corp. | Reduce -4.9% | 4.18% | +0.52 |
| CYRX Cryoport Inc. | Reduce -0.5% | 2.07% | +0.72 |
| VRNS Varonis Systems Inc. | Reduce -22.9% | 10.13% | +1.85 |
Portfolio Buys Q1 2026 → Q2 2026
| TYL Tyler Technologies Inc. | Add +411.4% | 3.62% | +2.60 |
| CERT Certara Inc. | Add +44.3% | 7.69% | +1.98 |
| SSTI Soundthinking Inc. | Add +14.6% | 6.38% | +1.37 |
| TREX Trex Company Inc. | New | 0.92% | +0.92 |
| TRUP Trupanion Inc. | Add +30.9% | 8.19% | +0.22 |
| ERII Energy Recovery Inc. | Add +26.1% | 3.65% | −0.33 |
| SSYS Stratasys Ltd. | Add +2.3% | 5.13% | −0.50 |
| NICE Nice Ltd. - Spon ADR | Add +27.2% | 8.40% | −1.47 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $158.2M | VRNS, NICE, TRUP, MGNI, CERT |
| Q1 2026 | 20 | $128.5M | NICE, TNC, VRNS, TRUP, MGNI |
| Q4 2025 | 18 | $139.9M | NICE, FTI, TRUP, VRNS, MGNI |
| Q3 2025 | 19 | $154.3M | PRO, NICE, TRUP, FTI, BWA |
| Q2 2025 | 20 | $148.3M | TRUP, BWA, FTI, VRNS, MGNI |
| Q1 2025 | 20 | $128.5M | TRUP, BWA, FTI, SSTI, NICE |
| Q4 2024 | 20 | $142.4M | TRUP, FTI, BWA, MGNI, PRO |
| Q3 2024 | 19 | $138.9M | BWA, TRUP, FTI, SSYS, VRNS |
| Q2 2024 | 18 | $140.9M | TRUP, FTI, BWA, COHR, MGNI |
| Q1 2024 | 18 | $140.7M | FTI, BWA, TRUP, MIXT, MGNI |