TFJ Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), TFJ Management, LLC reported 12 stock positions worth $104.5 million. Its top holding was AppLovin Class A (APP) at 24.0% of the portfolio, followed by Openlane (OPLN, 21.9%) and Coupang (CPNG, 17.6%). Compared with Q4 2025, it opened 4 new positions, sold out of 2, added to 6 and reduced 2. The biggest buy was Openlane (OPLN, shares +5%) and the biggest sale an exit from Clearwater Analytics HDS-A (CWAN).
- Most Recent 13F
- Q2 2026
- Location
- SOMERVILLE, MA
- CIK
- 0002056069
- Portfolio Value
- $104.5M (Q1 2026)
- SEC Filing
- 0002056069-26-000002 ↗ filed May 15, 2026
Holdings Value
Holdings 12 stocks · $104.5M
| APP AppLovin Corp. Class A | 23.95% | 62,872 | $25.0M | Add +18.9% |
| OPLN Openlane Inc. | 21.94% | 786,153 | $22.9M | Add +4.5% |
| CPNG Coupang Inc. | 17.61% | 974,307 | $18.4M | Add +15.4% |
| GTLB Gitlab Inc. Class A | 12.57% | 606,720 | $13.1M | Add +50.6% |
| APPF Appfolio Inc. Class A | 7.82% | 51,739 | $8.2M | Add +43.1% |
| IOT Samsara Inc. Class A | 3.94% | 129,786 | $4.1M | New |
| SAIL Sailpoint Inc. | 3.72% | 293,823 | $3.9M | New |
| CLVT Clarivate PLC | 2.81% | 1,159,506 | $2.9M | Add +98.1% |
| RSKD Riskified Ltd. Class A | 2.05% | 546,680 | $2.1M | Reduce -60.8% |
| TOST Toast Inc. Class A | 1.60% | 63,112 | $1.7M | New |
| FIG Figma Inc. Class A | 1.35% | 66,604 | $1.4M | New |
| ACVA Acv Auctions Inc. Class A | 0.65% | 159,095 | $675K | Reduce -87.1% |
Options reported separately and not counted above: EWY puts ($26.0M), CPNG calls ($10.9M).
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
| OPLN Openlane Inc. | Add +4.5% | 21.94% | +5.81 |
| IOT Samsara Inc. Class A | New | 3.94% | +3.94 |
| SAIL Sailpoint Inc. | New | 3.72% | +3.72 |
| CPNG Coupang Inc. | Add +15.4% | 17.61% | +3.27 |
| APPF Appfolio Inc. Class A | Add +43.1% | 7.82% | +1.76 |
| GTLB Gitlab Inc. Class A | Add +50.6% | 12.57% | +1.68 |
| TOST Toast Inc. Class A | New | 1.60% | +1.60 |
| CLVT Clarivate PLC | Add +98.1% | 2.81% | +1.40 |
| FIG Figma Inc. Class A | New | 1.35% | +1.35 |
| APP AppLovin Corp. Class A | Add +18.9% | 23.95% | −1.69 |
Options Activity Q4 2025 → Q1 2026
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |