Thoma Bravo, L.P.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Thoma Bravo, L.P. reported 5 stock positions worth $7.9 billion. Its top holding was Nasdaq (NDAQ) at 39.4% of the portfolio, followed by Instructure (INST, 36.4%) and N-Able (NABL, 8.3%). Compared with Q2 2024, it reduced 2. The biggest sale was Nasdaq (NDAQ, shares −50%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001450701
Portfolio Value
$7.9B (Q3 2024)
SEC Filing
0001450701-24-000007 ↗ filed Nov 13, 2024

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $10.3B Q1 2024 Q2 2024: $10.1B Q2 2024 Q3 2024: $7.9B $7.9B Q3 2024 Q4 2024: $5.6B Q4 2024 Q1 2025: $14.6B Q1 2025 Q2 2025: $12.0B Q2 2025 Q3 2025: $11.7B Q3 2025 Q4 2025: $10.2B Q4 2025 Q1 2026: $6.7B Q1 2026 Q2 2026: $7.3B Q2 2026

Holdings 5 stocks · $7.9B
NDAQ Nasdaq Inc. 39.45% 42,804,207 $3.1B Reduce -50.0%
INST Instructure Holdings Inc. 36.36% 122,065,804 $2.9B No change
NABL N-Able Inc. 8.26% 50,090,643 $654.2M No change
SWI Solarwinds Corp. 8.25% 50,090,648 $653.7M No change
MLNK Meridianlink Inc. 7.68% 29,582,388 $608.5M Reduce -16.9%

Portfolio Sells Q2 2024 → Q3 2024
NDAQ Nasdaq Inc. Reduce -50.0% 39.45% −11.41
MLNK Meridianlink Inc. Reduce -16.9% 7.68% +0.19

Portfolio Buys Q2 2024 → Q3 2024
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$7.3BSAIL, NABL, TTAN
Q1 2026 3$6.7BSAIL, NABL, TTAN
Q4 2025 3$10.2BSAIL, NABL, TTAN
Q3 2025 4$11.7BSAIL, MLNK, NABL, TTAN
Q2 2025 4$12.0BSAIL, MLNK, NABL, TTAN
Q1 2025 7$14.6BSAIL, NDAQ, SWI, MLNK, CYBR
Q4 2024 6$5.6BNDAQ, SWI, MLNK, NABL, CYBR
Q3 2024 5$7.9BNDAQ, INST, NABL, SWI, MLNK
Q2 2024 5$10.1BNDAQ, INST, NABL, MLNK, SWI
Q1 2024 6$10.3BNDAQ, INST, MLNK, NABL, SWI