True Wind Capital Management, L.P.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), True Wind Capital Management, L.P. reported 2 stock positions worth $261.6 million. Its top holding was Cellebrite Di (CLBT) at 95.5% of the portfolio, followed by Open Lending (LPRO, 4.5%). Its holdings were unchanged from Q3 2025.

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0001824827
Portfolio Value
$261.6M (Q4 2025)
SEC Filing
0001193125-26-021226 ↗ filed Jan 23, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $195.6M Q1 2024 Q2 2024: $202.1M Q2 2024 Q3 2024: $243.7M Q3 2024 Q4 2024: $350.4M Q4 2024 Q1 2025: $290.1M Q1 2025 Q2 2025: $236.4M Q2 2025 Q3 2025: $272.8M Q3 2025 Q4 2025: $261.6M $261.6M Q4 2025 Q1 2026: $200.4M Q1 2026 Q2 2026: $225.8M Q2 2026

Holdings 2 stocks · $261.6M
CLBT Cellebrite Di Ltd. 95.53% 13,861,007 $249.9M No change
LPRO Open Lending Corp. 4.47% 7,545,144 $11.7M No change

Portfolio Sells Q3 2025 → Q4 2025
None this quarter.

Portfolio Buys Q3 2025 → Q4 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2$225.8MCLBT, LPRO
Q1 2026 2$200.4MCLBT, LPRO
Q4 2025 2$261.6MCLBT, LPRO
Q3 2025 2$272.8MCLBT, LPRO
Q2 2025 2$236.4MCLBT, LPRO
Q1 2025 2$290.1MCLBT, LPRO
Q4 2024 2$350.4MCLBT, LPRO
Q3 2024 2$243.7MCLBT, LPRO
Q2 2024 2$202.1MCLBT, LPRO
Q1 2024 2$195.6MCLBT, LPRO