Kopion Asset Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 10, 2026), Kopion Asset Management, LLC reported 20 stock positions worth $128.5 million. Its top holding was Nice Ltd. - Spon ADR (NICE) at 9.9% of the portfolio, followed by Tennant (TNC, 8.9%) and Varonis Systems (VRNS, 8.3%). Compared with Q4 2025, it opened 2 new positions, added to 11 and reduced 7. The biggest buy was Tennant (TNC, shares +39%) and the biggest sale Coherent (COHR, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- MCKINNEY, TX
- CIK
- 0001728689
- Portfolio Value
- $128.5M (Q1 2026)
- SEC Filing
- 0001728689-26-000003 ↗ filed Apr 10, 2026
Holdings Value
Holdings 20 stocks · $128.5M
| NICE Nice Ltd. - Spon ADR | 9.87% | 115,026 | $12.7M | Add +8.1% |
| TNC Tennant Co. | 8.86% | 171,553 | $11.4M | Add +39.4% |
| VRNS Varonis Systems Inc. | 8.28% | 495,694 | $10.6M | Add +49.3% |
| TRUP Trupanion Inc. | 7.96% | 399,691 | $10.2M | Add +36.1% |
| MGNI Magnite Inc. | 7.91% | 855,904 | $10.2M | Add +39.3% |
| AIOT Powerfleet Inc. | 5.84% | 2,436,612 | $7.5M | Add +56.8% |
| ACIW Aci Worldwide Inc. | 5.79% | 181,315 | $7.4M | Add +31.3% |
| FTI Technipfmc PLC | 5.76% | 107,166 | $7.4M | Reduce -57.0% |
| CERT Certara Inc. | 5.71% | 1,288,452 | $7.3M | Add +31.1% |
| SSYS Stratasys Ltd. | 5.63% | 926,799 | $7.2M | Reduce -0.9% |
| BWA Borgwarner Inc. | 5.11% | 121,014 | $6.6M | Reduce -39.0% |
| SSTI Soundthinking Inc. | 5.01% | 972,302 | $6.4M | Add +0.0% |
| ERII Energy Recovery Inc. | 3.97% | 506,965 | $5.1M | Add +51.6% |
| CGNX Cognex Corp. | 3.66% | 96,065 | $4.7M | Reduce -41.1% |
| HXL Hexcel Corp. | 3.43% | 54,443 | $4.4M | Reduce -28.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.28% | 32,033 | $2.9M | Reduce -39.4% |
| SLP Simulations Plus Inc. | 2.05% | 222,443 | $2.6M | Add +65.5% |
| CYRX Cryoport Inc. | 1.35% | 209,162 | $1.7M | New |
| TYL Tyler Technologies Inc. | 1.02% | 3,834 | $1.3M | New |
| COHR Coherent Corp. | 0.49% | 2,649 | $631K | Reduce -88.3% |
Portfolio Sells Q4 2025 → Q1 2026
| COHR Coherent Corp. | Reduce -88.3% | 0.49% | −2.50 |
| FTI Technipfmc PLC | Reduce -57.0% | 5.76% | −2.17 |
| BWA Borgwarner Inc. | Reduce -39.0% | 5.11% | −1.28 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -39.4% | 2.28% | −1.17 |
| HXL Hexcel Corp. | Reduce -28.2% | 3.43% | −0.58 |
| CGNX Cognex Corp. | Reduce -41.1% | 3.66% | −0.53 |
| SSYS Stratasys Ltd. | Reduce -0.9% | 5.63% | −0.17 |
Portfolio Buys Q4 2025 → Q1 2026
| TNC Tennant Co. | Add +39.4% | 8.86% | +2.38 |
| CYRX Cryoport Inc. | New | 1.35% | +1.35 |
| NICE Nice Ltd. - Spon ADR | Add +8.1% | 9.87% | +1.27 |
| ACIW Aci Worldwide Inc. | Add +31.3% | 5.79% | +1.06 |
| TYL Tyler Technologies Inc. | New | 1.02% | +1.02 |
| MGNI Magnite Inc. | Add +39.3% | 7.91% | +0.78 |
| ERII Energy Recovery Inc. | Add +51.6% | 3.97% | +0.75 |
| VRNS Varonis Systems Inc. | Add +49.3% | 8.28% | +0.50 |
| SLP Simulations Plus Inc. | Add +65.5% | 2.05% | +0.29 |
| TRUP Trupanion Inc. | Add +36.1% | 7.96% | +0.12 |
| AIOT Powerfleet Inc. | Add +56.8% | 5.84% | −0.07 |
| CERT Certara Inc. | Add +31.1% | 5.71% | −0.48 |
| SSTI Soundthinking Inc. | Add +0.0% | 5.01% | −0.57 |
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 |