Vector Capital Management, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Vector Capital Management, L.P. reported 3 stock positions worth $24.4 million. Its top holding was Cambium Networks (CMBMF) at 52.6% of the portfolio, followed by Cpi Card (PMTS, 28.5%) and Liveperson (18.9%). Compared with Q2 2025, it added to 1 and reduced 1. The biggest buy was Cpi Card (PMTS, shares +19%) and the biggest sale Liveperson (shares −28%).
- Most Recent 13F
- Q3 2025
- Location
- SAN FRANCISCO, CA
- CIK
- 0001857418
- Portfolio Value
- $24.4M (Q3 2025)
- SEC Filing
- 0000905148-25-004033 ↗ filed Nov 14, 2025
Holdings Value
Holdings 3 stocks · $24.4M
| CMBMF Cambium Networks Corp. | 52.58% | 14,325,696 | $12.8M | No change |
| PMTS Cpi Card Group Inc. | 28.54% | 459,314 | $7.0M | Add +18.6% |
| LIVEPERSON INC | 18.87% | 7,883,818 | $4.6M | Reduce -27.7% |
Portfolio Sells Q2 2025 → Q3 2025
| LIVEPERSON INC | Reduce -27.7% | 18.87% | −23.47 |
Portfolio Buys Q2 2025 → Q3 2025
| PMTS Cpi Card Group Inc. | Add +18.6% | 28.54% | −6.80 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 3 | $24.4M | CMBMF, PMTS, LIVEPERSON INC |
| Q2 2025 | 3 | $26.0M | LIVEPERSON INC, PMTS, CMBMF |
| Q1 2025 | 3 | $29.3M | PMTS, CMBMF, LIVEPERSON INC |
| Q4 2024 | 3 | $36.6M | LIVEPERSON INC, PMTS, CMBMF |
| Q3 2024 | 3 | $47.4M | CMBMF, LIVEPERSON INC, PMTS |
| Q2 2024 | 4 | $99.3M | RKLB, CMBMF, PMTS, LIVEPERSON INC |
| Q1 2024 | 4 | $114.7M | CMBMF, RKLB, LIVEPERSON INC, PMTS |