Scalar Gauge Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Scalar Gauge Management, LLC reported 28 stock positions worth $216.6 million. Its top holding was Blackline (BL) at 9.9% of the portfolio, followed by FIVE9 (FIVN, 8.1%) and Axon Enterprise (AXON, 7.5%). Compared with Q3 2024, it opened 9 new positions, sold out of 6, added to 12 and reduced 7. The biggest buy was Blackline (BL, shares +443%) and the biggest sale Zuora Class A (ZUO, shares −77%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001965542
- Portfolio Value
- $216.6M (Q4 2024)
- SEC Filing
- 0001965542-25-000002 ↗ filed Feb 12, 2025
Holdings Value
Holdings 28 stocks · $216.6M
| BL Blackline Inc. | 9.90% | 352,841 | $21.4M | Add +442.8% |
| FIVN FIVE9 Inc. | 8.08% | 430,516 | $17.5M | Reduce -6.9% |
| AXON Axon Enterprise Inc. | 7.52% | 27,400 | $16.3M | Add +44.2% |
| MSI Motorola Solutions Inc. | 7.51% | 35,204 | $16.3M | Add +28.9% |
| CWAN Clearwater Analytics HDS-A | 7.46% | 586,998 | $16.2M | Add +3.5% |
| SMWB Similarweb Ltd. | 7.30% | 1,115,778 | $15.8M | Add +29.1% |
| ZUO Zuora Inc. Class A | 6.83% | 1,491,501 | $14.8M | Reduce -77.0% |
| VERX Vertex Inc. Class A | 5.44% | 220,970 | $11.8M | New |
| AVPT Avepoint Inc. | 4.61% | 604,776 | $10.0M | New |
| NRG NRG Energy Inc. | 4.53% | 108,800 | $9.8M | Add +17.0% |
| CLBT Cellebrite Di Ltd. | 3.90% | 383,917 | $8.5M | Add +21.0% |
| SWI Solarwinds Corp. | 3.65% | 554,918 | $7.9M | Add +15.6% |
| NCLH Norwegian Cruise Line Holdin | 3.57% | 300,356 | $7.7M | New |
| WMT Walmart Inc. | 2.88% | 69,000 | $6.2M | Add +76.9% |
| PD Pagerduty Inc. | 2.77% | 328,200 | $6.0M | New |
| CTAS Cintas Corp. | 1.94% | 23,000 | $4.2M | Reduce -14.8% |
| CARG Cargurus Inc. | 1.86% | 110,000 | $4.0M | New |
| CGNT Cognyte Software Ltd. | 1.80% | 450,032 | $3.9M | Add +2.3% |
| NABL N-Able Inc. | 1.77% | 411,330 | $3.8M | Reduce -58.0% |
| TWLO Twilio Inc. Class A | 1.70% | 34,000 | $3.7M | New |
| ALKT Alkami Technology Inc. | 1.24% | 73,422 | $2.7M | Add +15.0% |
| GB Global Blue Group Holding AG | 1.09% | 339,651 | $2.4M | Add +17.5% |
| OS Onestream Inc. | 0.93% | 70,947 | $2.0M | New |
| SCWX Secureworks Corp. Class A | 0.87% | 222,338 | $1.9M | Reduce -39.6% |
| ACA Arcosa Inc. | 0.36% | 8,000 | $774K | New |
| BLZE Backblaze Inc. Class A | 0.32% | 116,740 | $703K | Reduce -61.2% |
| ENFN Enfusion Inc. Class A | 0.12% | 25,000 | $258K | Reduce -94.5% |
| GWRE Guidewire Software Inc. | 0.08% | 1,000 | $169K | New |
Portfolio Sells Q3 2024 → Q4 2024
| ZUO Zuora Inc. Class A | Reduce -77.0% | 6.83% | −22.85 |
| NABL N-Able Inc. | Reduce -58.0% | 1.77% | −5.01 |
| OKTA Okta Inc. | Sold out | 0.00% | −2.76 |
| ENFN Enfusion Inc. Class A | Reduce -94.5% | 0.12% | −2.17 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −1.91 |
| APPN Appian Corp. Class A | Sold out | 0.00% | −1.32 |
| VRNS Varonis Systems Inc. | Sold out | 0.00% | −1.20 |
| CTAS Cintas Corp. | Reduce -14.8% | 1.94% | −1.01 |
| AZZ Azz Inc. | Sold out | 0.00% | −1.01 |
| SCWX Secureworks Corp. Class A | Reduce -39.6% | 0.87% | −0.86 |
| BLZE Backblaze Inc. Class A | Reduce -61.2% | 0.32% | −0.70 |
| TAYD Taylor Devices Inc. | Sold out | 0.00% | −0.36 |
| FIVN FIVE9 Inc. | Reduce -6.9% | 8.08% | +1.02 |
Portfolio Buys Q3 2024 → Q4 2024
| BL Blackline Inc. | Add +442.8% | 9.90% | +7.99 |
| VERX Vertex Inc. Class A | New | 5.44% | +5.44 |
| AVPT Avepoint Inc. | New | 4.61% | +4.61 |
| NCLH Norwegian Cruise Line Holdin | New | 3.57% | +3.57 |
| AXON Axon Enterprise Inc. | Add +44.2% | 7.52% | +3.49 |
| SMWB Similarweb Ltd. | Add +29.1% | 7.30% | +3.24 |
| PD Pagerduty Inc. | New | 2.77% | +2.77 |
| CARG Cargurus Inc. | New | 1.86% | +1.86 |
| TWLO Twilio Inc. Class A | New | 1.70% | +1.70 |
| WMT Walmart Inc. | Add +76.9% | 2.88% | +1.21 |
| CLBT Cellebrite Di Ltd. | Add +21.0% | 3.90% | +1.07 |
| MSI Motorola Solutions Inc. | Add +28.9% | 7.51% | +0.99 |
| OS Onestream Inc. | New | 0.93% | +0.93 |
| ACA Arcosa Inc. | New | 0.36% | +0.36 |
| SWI Solarwinds Corp. | Add +15.6% | 3.65% | +0.32 |
| GB Global Blue Group Holding AG | Add +17.5% | 1.09% | +0.25 |
| CGNT Cognyte Software Ltd. | Add +2.3% | 1.80% | +0.21 |
| ALKT Alkami Technology Inc. | Add +15.0% | 1.24% | +0.17 |
| GWRE Guidewire Software Inc. | New | 0.08% | +0.08 |
| NRG NRG Energy Inc. | Add +17.0% | 4.53% | +0.03 |
| CWAN Clearwater Analytics HDS-A | Add +3.5% | 7.46% | −0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $181.3M | FN, CLS, FIX, ONTO, SITM |
| Q1 2026 | 25 | $103.7M | FN, CLS, LGN, FIX, ONTO |
| Q4 2025 | 28 | $150.8M | BL, SITM, CLS, CGNT, FN |
| Q3 2025 | 29 | $196.1M | BL, AVGO, FIX, FN, AXON |
| Q2 2025 | 24 | $174.9M | BL, PD, CLS, CWAN, FIVN |
| Q1 2025 | 27 | $163.4M | BL, CWAN, FIVN, SMWB, PD |
| Q4 2024 | 28 | $216.6M | BL, FIVN, AXON, MSI, CWAN |
| Q3 2024 | 25 | $188.4M | ZUO, CWAN, FIVN, NABL, MSI |
| Q2 2024 | 29 | $171.9M | ZUO, NABL, SWI, EME, WKME |
| Q1 2024 | 26 | $129.9M | ZUO, EME, SWI, ALKT, DELL |