Kopion Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 8, 2025), Kopion Asset Management, LLC reported 20 stock positions worth $128.5 million. Its top holding was Trupanion (TRUP) at 8.2% of the portfolio, followed by Borgwarner (BWA, 8.2%) and Technipfmc (FTI, 7.9%). Compared with Q4 2024, it added to 9 and reduced 11. The biggest buy was Nice Ltd. - Spon ADR (NICE, shares +30%) and the biggest sale Powerfleet (AIOT, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- MCKINNEY, TX
- CIK
- 0001728689
- Portfolio Value
- $128.5M (Q1 2025)
- SEC Filing
- 0001728689-25-000005 ↗ filed Apr 8, 2025
Holdings Value
Holdings 20 stocks · $128.5M
| TRUP Trupanion Inc. | 8.15% | 281,072 | $10.5M | Add +18.7% |
| BWA Borgwarner Inc. | 8.15% | 365,620 | $10.5M | Add +7.8% |
| FTI Technipfmc PLC | 7.91% | 320,600 | $10.2M | Reduce -18.6% |
| SSTI Soundthinking Inc. | 7.15% | 541,676 | $9.2M | Reduce -25.5% |
| NICE Nice Ltd. - Spon ADR | 6.82% | 56,812 | $8.8M | Add +29.8% |
| VRNS Varonis Systems Inc. | 6.55% | 207,992 | $8.4M | Add +28.6% |
| SSYS Stratasys Ltd. | 6.27% | 822,786 | $8.1M | Reduce -24.9% |
| PRO Pros Holdings Inc. | 5.88% | 397,059 | $7.6M | Reduce -12.3% |
| CGNX Cognex Corp. | 5.67% | 244,302 | $7.3M | Add +28.2% |
| ANSS Ansys Inc. | 5.38% | 21,848 | $6.9M | Reduce -4.3% |
| MGNI Magnite Inc. | 5.32% | 599,000 | $6.8M | Reduce -6.6% |
| CERT Certara Inc. | 4.62% | 600,159 | $5.9M | Add +8.0% |
| ACIW Aci Worldwide Inc. | 4.20% | 98,670 | $5.4M | Reduce -4.3% |
| HXL Hexcel Corp. | 3.76% | 88,179 | $4.8M | Reduce -10.0% |
| COHR Coherent Corp. | 3.34% | 66,106 | $4.3M | Add +7.8% |
| AIOT Powerfleet Inc. | 3.29% | 769,774 | $4.2M | Reduce -30.4% |
| TNC Tennant Co. | 2.50% | 40,225 | $3.2M | Add +24.1% |
| SLP Simulations Plus Inc. | 2.43% | 127,421 | $3.1M | Add +9.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.14% | 29,978 | $2.7M | Reduce -14.6% |
| TYL Tyler Technologies Inc. | 0.47% | 1,038 | $603K | Reduce -4.2% |
Portfolio Sells Q4 2024 → Q1 2025
| AIOT Powerfleet Inc. | Reduce -30.4% | 3.29% | −1.88 |
| MGNI Magnite Inc. | Reduce -6.6% | 5.32% | −1.85 |
| PRO Pros Holdings Inc. | Reduce -12.3% | 5.88% | −1.10 |
| SSYS Stratasys Ltd. | Reduce -24.9% | 6.27% | −0.57 |
| HXL Hexcel Corp. | Reduce -10.0% | 3.76% | −0.55 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -14.6% | 2.14% | −0.11 |
| FTI Technipfmc PLC | Reduce -18.6% | 7.91% | −0.09 |
| ANSS Ansys Inc. | Reduce -4.3% | 5.38% | −0.02 |
| TYL Tyler Technologies Inc. | Reduce -4.2% | 0.47% | +0.03 |
| ACIW Aci Worldwide Inc. | Reduce -4.3% | 4.20% | +0.44 |
| SSTI Soundthinking Inc. | Reduce -25.5% | 7.15% | +0.48 |
Portfolio Buys Q4 2024 → Q1 2025
| NICE Nice Ltd. - Spon ADR | Add +29.8% | 6.82% | +1.60 |
| VRNS Varonis Systems Inc. | Add +28.6% | 6.55% | +1.50 |
| CGNX Cognex Corp. | Add +28.2% | 5.67% | +0.87 |
| TNC Tennant Co. | Add +24.1% | 2.50% | +0.64 |
| BWA Borgwarner Inc. | Add +7.8% | 8.15% | +0.58 |
| CERT Certara Inc. | Add +8.0% | 4.62% | +0.47 |
| SLP Simulations Plus Inc. | Add +9.8% | 2.43% | +0.16 |
| TRUP Trupanion Inc. | Add +18.7% | 8.15% | +0.14 |
| COHR Coherent Corp. | Add +7.8% | 3.34% | −0.74 |
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 |