Thoma Bravo, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), Thoma Bravo, L.P. reported 7 stock positions worth $14.6 billion. Its top holding was Sailpoint (SAIL) at 61.8% of the portfolio, followed by Nasdaq (NDAQ, 22.3%) and Solarwinds (SWI, 6.4%). Compared with Q4 2024, it opened 1 new position. The biggest buy was a new position in Sailpoint (SAIL).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001450701
- Portfolio Value
- $14.6B (Q1 2025)
- SEC Filing
- 0001450701-25-000004 ↗ filed Apr 22, 2025
Holdings Value
Holdings 7 stocks · $14.6B
| SAIL Sailpoint Inc. | 61.81% | 479,842,514 | $9.0B | New |
| NDAQ Nasdaq Inc. | 22.31% | 42,804,207 | $3.2B | No change |
| SWI Solarwinds Corp. | 6.37% | 50,090,648 | $926.7M | No change |
| MLNK Meridianlink Inc. | 3.68% | 28,932,388 | $536.1M | No change |
| CYBR Cyberark Software Ltd./Israel | 2.65% | 1,142,538 | $386.2M | No change |
| NABL N-Able Inc. | 2.44% | 50,090,643 | $355.1M | No change |
| TTAN Servicetitan Inc. Class A | 0.73% | 1,039,099 | $106.9M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| None this quarter. | |||
Portfolio Buys Q4 2024 → Q1 2025
| SAIL Sailpoint Inc. | New | 61.81% | +61.81 |
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 |