TFJ Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), TFJ Management, LLC reported 14 stock positions worth $105.6 million. Its top holding was AppLovin Class A (APP) at 19.5% of the portfolio, followed by Coupang (CPNG, 16.2%) and Openlane (OPLN, 13.3%). Compared with Q4 2024, it opened 3 new positions, sold out of 5, added to 2 and reduced 1. The biggest buy was a new position in CCC Intelligent Solutions Ho (CCC) and the biggest sale AppLovin Class A (APP, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- SOMERVILLE, MA
- CIK
- 0002056069
- Portfolio Value
- $105.6M (Q1 2025)
- SEC Filing
- 0002056069-25-000002 ↗ filed May 13, 2025
Holdings Value
Holdings 14 stocks · $105.6M
| APP AppLovin Corp. Class A | 19.53% | 77,843 | $20.6M | Reduce -9.0% |
| CPNG Coupang Inc. | 16.21% | 780,600 | $17.1M | No change |
| OPLN Openlane Inc. | 13.31% | 729,070 | $14.1M | No change |
| ACVA Acv Auctions Inc. Class A | 9.38% | 702,218 | $9.9M | Add +146.8% |
| DCBO Docebo Inc. | 7.37% | 271,113 | $7.8M | No change |
| CCC CCC Intelligent Solutions Ho | 6.34% | 741,310 | $6.7M | New |
| HGV Hilton Grand Vacations Inc. | 5.92% | 166,991 | $6.2M | Add +82.2% |
| ABNB Airbnb Inc. Class A | 5.86% | 51,840 | $6.2M | No change |
| APPF Appfolio Inc. Class A | 4.64% | 22,273 | $4.9M | No change |
| PCOR Procore Technologies Inc. | 4.39% | 70,271 | $4.6M | No change |
| RSKD Riskified Ltd. Class A | 3.42% | 782,459 | $3.6M | New |
| LYV Live Nation Entertainment Inc. | 1.93% | 15,776 | $2.0M | No change |
| RBLX Roblox Corp. Class A | 0.93% | 16,864 | $983K | No change |
| GTLB Gitlab Inc. Class A | 0.76% | 17,082 | $803K | New |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $153.4M | APP, OPLN, WSE, CPNG, GTLB |
| Q1 2026 | 12 | $104.5M | APP, OPLN, CPNG, GTLB, APPF |
| Q4 2025 | 10 | $138.9M | APP, OPLN, CPNG, CWAN, GTLB |
| Q3 2025 | 10 | $148.4M | APP, CPNG, OPLN, CCC, HGV |
| Q2 2025 | 12 | $128.1M | APP, CPNG, OPLN, ACVA, HGV |
| Q1 2025 | 14 | $105.6M | APP, CPNG, OPLN, ACVA, DCBO |
| Q4 2024 | 16 | $111.0M | APP, CPNG, OPLN, DCBO, ABNB |