Kopion Asset Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), Kopion Asset Management, LLC reported 19 stock positions worth $154.3 million. Its top holding was Pros (PRO) at 10.0% of the portfolio, followed by Nice Ltd. - Spon ADR (NICE, 7.7%) and Trupanion (TRUP, 7.4%). Compared with Q2 2025, it sold out of 1, added to 11 and reduced 8. The biggest buy was Pros (PRO, shares +4%) and the biggest sale an exit from Ansys (ANSS).
- Most Recent 13F
- Q2 2026
- Location
- MCKINNEY, TX
- CIK
- 0001728689
- Portfolio Value
- $154.3M (Q3 2025)
- SEC Filing
- 0001728689-25-000009 ↗ filed Oct 14, 2025
Holdings Value
Holdings 19 stocks · $154.3M
| PRO Pros Holdings Inc. | 9.98% | 672,268 | $15.4M | Add +4.3% |
| NICE Nice Ltd. - Spon ADR | 7.73% | 82,313 | $11.9M | Add +44.8% |
| TRUP Trupanion Inc. | 7.42% | 264,603 | $11.5M | Add +20.8% |
| FTI Technipfmc PLC | 7.39% | 289,165 | $11.4M | Reduce -10.1% |
| BWA Borgwarner Inc. | 7.03% | 246,711 | $10.8M | Reduce -27.2% |
| VRNS Varonis Systems Inc. | 6.70% | 179,848 | $10.3M | Reduce -13.6% |
| CGNX Cognex Corp. | 5.89% | 200,729 | $9.1M | Reduce -29.4% |
| SSYS Stratasys Ltd. | 5.58% | 769,103 | $8.6M | Reduce -6.6% |
| AIOT Powerfleet Inc. | 5.28% | 1,553,700 | $8.1M | Add +101.7% |
| CERT Certara Inc. | 5.19% | 655,646 | $8.0M | Add +11.3% |
| SSTI Soundthinking Inc. | 5.00% | 638,938 | $7.7M | Add +8.9% |
| TNC Tennant Co. | 4.60% | 87,506 | $7.1M | Add +4.0% |
| ACIW Aci Worldwide Inc. | 4.33% | 126,437 | $6.7M | Add +56.3% |
| HXL Hexcel Corp. | 3.83% | 94,158 | $5.9M | Reduce -9.3% |
| COHR Coherent Corp. | 3.69% | 52,868 | $5.7M | Reduce -26.0% |
| MGNI Magnite Inc. | 3.48% | 246,601 | $5.4M | Reduce -41.7% |
| ERII Energy Recovery Inc. | 3.18% | 318,287 | $4.9M | Add +5.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.88% | 31,618 | $2.9M | Add +65.7% |
| SLP Simulations Plus Inc. | 1.81% | 185,394 | $2.8M | Add +18.5% |
Portfolio Sells Q2 2025 → Q3 2025
| ANSS Ansys Inc. | Sold out | 0.00% | −4.16 |
| MGNI Magnite Inc. | Reduce -41.7% | 3.48% | −3.40 |
| SSYS Stratasys Ltd. | Reduce -6.6% | 5.58% | −0.78 |
| BWA Borgwarner Inc. | Reduce -27.2% | 7.03% | −0.62 |
| COHR Coherent Corp. | Reduce -26.0% | 3.69% | −0.60 |
| VRNS Varonis Systems Inc. | Reduce -13.6% | 6.70% | −0.42 |
| CGNX Cognex Corp. | Reduce -29.4% | 5.89% | −0.18 |
| HXL Hexcel Corp. | Reduce -9.3% | 3.83% | −0.13 |
| FTI Technipfmc PLC | Reduce -10.1% | 7.39% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| PRO Pros Holdings Inc. | Add +4.3% | 9.98% | +3.18 |
| AIOT Powerfleet Inc. | Add +101.7% | 5.28% | +3.04 |
| ACIW Aci Worldwide Inc. | Add +56.3% | 4.33% | +1.82 |
| NICE Nice Ltd. - Spon ADR | Add +44.8% | 7.73% | +1.25 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +65.7% | 1.88% | +0.70 |
| ERII Energy Recovery Inc. | Add +5.1% | 3.18% | +0.57 |
| CERT Certara Inc. | Add +11.3% | 5.19% | +0.55 |
| TNC Tennant Co. | Add +4.0% | 4.60% | +0.20 |
| SLP Simulations Plus Inc. | Add +18.5% | 1.81% | −0.03 |
| SSTI Soundthinking Inc. | Add +8.9% | 5.00% | −0.17 |
| TRUP Trupanion Inc. | Add +20.8% | 7.42% | −0.75 |
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 |