Kopion Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 5, 2026), Kopion Asset Management, LLC reported 18 stock positions worth $139.9 million. Its top holding was Nice Ltd. - Spon ADR (NICE) at 8.6% of the portfolio, followed by Technipfmc (FTI, 7.9%) and Trupanion (TRUP, 7.8%). Compared with Q3 2025, it sold out of 1, added to 11 and reduced 6. The biggest buy was Magnite (MGNI, shares +149%) and the biggest sale an exit from Pros (PRO).
- Most Recent 13F
- Q2 2026
- Location
- MCKINNEY, TX
- CIK
- 0001728689
- Portfolio Value
- $139.9M (Q4 2025)
- SEC Filing
- 0001728689-26-000001 ↗ filed Jan 5, 2026
Holdings Value
Holdings 18 stocks · $139.9M
| NICE Nice Ltd. - Spon ADR | 8.60% | 106,432 | $12.0M | Add +29.3% |
| FTI Technipfmc PLC | 7.93% | 248,983 | $11.1M | Reduce -13.9% |
| TRUP Trupanion Inc. | 7.85% | 293,706 | $11.0M | Add +11.0% |
| VRNS Varonis Systems Inc. | 7.79% | 331,969 | $10.9M | Add +84.6% |
| MGNI Magnite Inc. | 7.13% | 614,459 | $10.0M | Add +149.2% |
| TNC Tennant Co. | 6.48% | 123,037 | $9.1M | Add +40.6% |
| BWA Borgwarner Inc. | 6.39% | 198,327 | $8.9M | Reduce -19.6% |
| CERT Certara Inc. | 6.19% | 982,710 | $8.7M | Add +49.9% |
| AIOT Powerfleet Inc. | 5.91% | 1,553,700 | $8.3M | No change |
| SSYS Stratasys Ltd. | 5.81% | 935,626 | $8.1M | Add +21.6% |
| SSTI Soundthinking Inc. | 5.58% | 972,108 | $7.8M | Add +52.1% |
| ACIW Aci Worldwide Inc. | 4.72% | 138,133 | $6.6M | Add +9.3% |
| CGNX Cognex Corp. | 4.20% | 163,138 | $5.9M | Reduce -18.7% |
| HXL Hexcel Corp. | 4.00% | 75,785 | $5.6M | Reduce -19.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.45% | 52,855 | $4.8M | Add +67.2% |
| ERII Energy Recovery Inc. | 3.23% | 334,469 | $4.5M | Add +5.1% |
| COHR Coherent Corp. | 2.99% | 22,628 | $4.2M | Reduce -57.2% |
| SLP Simulations Plus Inc. | 1.75% | 134,388 | $2.4M | Reduce -27.5% |
Portfolio Sells Q3 2025 → Q4 2025
| PRO Pros Holdings Inc. | Sold out | 0.00% | −9.98 |
| CGNX Cognex Corp. | Reduce -18.7% | 4.20% | −1.70 |
| COHR Coherent Corp. | Reduce -57.2% | 2.99% | −0.71 |
| BWA Borgwarner Inc. | Reduce -19.6% | 6.39% | −0.64 |
| SLP Simulations Plus Inc. | Reduce -27.5% | 1.75% | −0.06 |
| HXL Hexcel Corp. | Reduce -19.5% | 4.00% | +0.18 |
| FTI Technipfmc PLC | Reduce -13.9% | 7.93% | +0.54 |
Portfolio Buys Q3 2025 → Q4 2025
| MGNI Magnite Inc. | Add +149.2% | 7.13% | +3.65 |
| TNC Tennant Co. | Add +40.6% | 6.48% | +1.89 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +67.2% | 3.45% | +1.57 |
| VRNS Varonis Systems Inc. | Add +84.6% | 7.79% | +1.09 |
| CERT Certara Inc. | Add +49.9% | 6.19% | +1.00 |
| NICE Nice Ltd. - Spon ADR | Add +29.3% | 8.60% | +0.88 |
| SSTI Soundthinking Inc. | Add +52.1% | 5.58% | +0.59 |
| TRUP Trupanion Inc. | Add +11.0% | 7.85% | +0.42 |
| ACIW Aci Worldwide Inc. | Add +9.3% | 4.72% | +0.40 |
| SSYS Stratasys Ltd. | Add +21.6% | 5.81% | +0.22 |
| ERII Energy Recovery Inc. | Add +5.1% | 3.23% | +0.04 |
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 |