Thoma Bravo, L.P.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Thoma Bravo, L.P. reported 6 stock positions worth $5.6 billion. Its top holding was Nasdaq (NDAQ) at 59.3% of the portfolio, followed by Solarwinds (SWI, 12.8%) and Meridianlink (MLNK, 10.7%). Compared with Q3 2024, it opened 2 new positions, sold out of 1 and reduced 1. The biggest buy was a new position in Cyberark Software Ltd./Israel (CYBR) and the biggest sale an exit from Instructure (INST).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001450701
- Portfolio Value
- $5.6B (Q4 2024)
- SEC Filing
- 0001450701-25-000001 ↗ filed Feb 14, 2025
Holdings Value
Holdings 6 stocks · $5.6B
| NDAQ Nasdaq Inc. | 59.35% | 42,804,207 | $3.3B | No change |
| SWI Solarwinds Corp. | 12.80% | 50,090,648 | $713.8M | No change |
| MLNK Meridianlink Inc. | 10.72% | 28,932,388 | $597.5M | Reduce -2.2% |
| NABL N-Able Inc. | 8.39% | 50,090,643 | $467.8M | No change |
| CYBR Cyberark Software Ltd./Israel | 6.83% | 1,142,538 | $380.6M | New |
| TTAN Servicetitan Inc. Class A | 1.92% | 1,039,099 | $106.9M | New |
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 3 | $7.3B | SAIL, NABL, TTAN |
| Q1 2026 | 3 | $6.7B | SAIL, NABL, TTAN |
| Q4 2025 | 3 | $10.2B | SAIL, NABL, TTAN |
| Q3 2025 | 4 | $11.7B | SAIL, MLNK, NABL, TTAN |
| Q2 2025 | 4 | $12.0B | SAIL, MLNK, NABL, TTAN |
| Q1 2025 | 7 | $14.6B | SAIL, NDAQ, SWI, MLNK, CYBR |
| Q4 2024 | 6 | $5.6B | NDAQ, SWI, MLNK, NABL, CYBR |
| Q3 2024 | 5 | $7.9B | NDAQ, INST, NABL, SWI, MLNK |
| Q2 2024 | 5 | $10.1B | NDAQ, INST, NABL, MLNK, SWI |
| Q1 2024 | 6 | $10.3B | NDAQ, INST, MLNK, NABL, SWI |