TFJ Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), TFJ Management, LLC reported 12 stock positions worth $128.1 million. Its top holding was AppLovin Class A (APP) at 21.3% of the portfolio, followed by Coupang (CPNG, 18.3%) and Openlane (OPLN, 11.8%). Compared with Q1 2025, it sold out of 2, added to 6 and reduced 2. The biggest buy was Gitlab Class A (GTLB, shares +513%) and the biggest sale Docebo (DCBO, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- SOMERVILLE, MA
- CIK
- 0002056069
- Portfolio Value
- $128.1M (Q2 2025)
- SEC Filing
- 0002056069-25-000004 ↗ filed Aug 14, 2025
Holdings Value
Holdings 12 stocks · $128.1M
| APP AppLovin Corp. Class A | 21.27% | 77,843 | $27.3M | No change |
| CPNG Coupang Inc. | 18.25% | 780,600 | $23.4M | No change |
| OPLN Openlane Inc. | 11.80% | 618,348 | $15.1M | Reduce -15.2% |
| ACVA Acv Auctions Inc. Class A | 8.90% | 702,218 | $11.4M | No change |
| HGV Hilton Grand Vacations Inc. | 7.37% | 227,391 | $9.4M | Add +36.2% |
| APPF Appfolio Inc. Class A | 6.12% | 34,030 | $7.8M | Add +52.8% |
| ABNB Airbnb Inc. Class A | 5.72% | 55,386 | $7.3M | Add +6.8% |
| CCC CCC Intelligent Solutions Ho | 5.68% | 773,297 | $7.3M | Add +4.3% |
| RSKD Riskified Ltd. Class A | 4.12% | 1,058,675 | $5.3M | Add +35.3% |
| PCOR Procore Technologies Inc. | 3.75% | 70,271 | $4.8M | No change |
| GTLB Gitlab Inc. Class A | 3.69% | 104,769 | $4.7M | Add +513.3% |
| DCBO Docebo Inc. | 3.32% | 147,148 | $4.3M | Reduce -45.7% |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| GTLB Gitlab Inc. Class A | Add +513.3% | 3.69% | +2.93 |
| APPF Appfolio Inc. Class A | Add +52.8% | 6.12% | +1.48 |
| HGV Hilton Grand Vacations Inc. | Add +36.2% | 7.37% | +1.46 |
| RSKD Riskified Ltd. Class A | Add +35.3% | 4.12% | +0.70 |
| ABNB Airbnb Inc. Class A | Add +6.8% | 5.72% | −0.14 |
| CCC CCC Intelligent Solutions Ho | Add +4.3% | 5.68% | −0.66 |
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 |