Institutional Manager · CIK 0001728689

Kopion Asset Management, LLC

MCKINNEY, TX · File #028-19646

Latest AUM

$139.9M

Positions

Top-10 Concentration

70.1%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
EXITED	PROS HOLDINGS INC	74346Y103	-672,268	-$15.4M	$0
ADD	MAGNITE INC	MGNI	+367,858	+$6.0M	-$1.4M
REDUCE	COHERENT CORP	COHR	-30,240	-$5.6M	+$4.1M
ADD	VARONIS SYS INC	VRNS	+152,121	+$5.0M	-$4.4M
ADD	CERTARA INC	CERT	+327,064	+$2.9M	-$2.2M
ADD	NICE LTD	NCSYF	+24,119	+$2.7M	-$2.6M
ADD	SOUNDTHINKING INC	SSTI	+333,170	+$2.7M	-$2.6M
ADD	TENNANT CO	TNC	+35,531	+$2.6M	-$644,044
REDUCE	BORGWARNER INC	BWA	-48,384	-$2.2M	+$271,382
ADD	SPDR SERIES TRUST	78468R663	+21,237	+$1.9M	-$11,699

Sector Allocation

37.0%$51.7M

9.7%$13.6M

7.9%$11.1M

7.9%$11.1M

7.8%$11.0M

Communication Services

7.1%$10.0M

Consumer Discretionary

6.4%$8.9M

Filing History

Jan 5, 202613F HOLDINGS REPORTQ/E Dec 202518 pos · $139.9M
Oct 14, 202513F HOLDINGS REPORTQ/E Sep 202519 pos · $154.3M
Jul 8, 202513F HOLDINGS REPORTQ/E Jun 202520 pos · $148.3M
Apr 8, 202513F HOLDINGS REPORTQ/E Mar 202520 pos · $128.5M
Jan 14, 202513F HOLDINGS REPORTQ/E Dec 202420 pos · $142.4M
Oct 15, 202413F HOLDINGS REPORTQ/E Sep 202419 pos · $138.9M
Jul 12, 202413F HOLDINGS REPORTQ/E Jun 202418 pos · $140.9M
May 10, 202413F HOLDINGS REPORTQ/E Mar 202418 pos · $140.7M
Apr 16, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202419 pos · $118.1M
Apr 16, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202418 pos · $98.9M
Apr 16, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202418 pos · $112.1M
Apr 16, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202418 pos · $130.5M
Apr 16, 202413F HOLDINGS REPORT (Amended)Q/E Mar 202419 pos · $115.0M
Oct 10, 202313F HOLDINGS REPORTQ/E Dec 202318 pos · $112,146

Top 18 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	NICE LTD	NCSYF	106,432	$12.0M	8.60%
2	TECHNIPFMC PLC	FTI	248,983	$11.1M	7.93%
3	TRUPANION INC	TRUP	293,706	$11.0M	7.85%
4	VARONIS SYS INC	VRNS	331,969	$10.9M	7.79%
5	MAGNITE INC	MGNI	614,459	$10.0M	7.13%
6	TENNANT CO	TNC	123,037	$9.1M	6.48%
7	BORGWARNER INC	BWA	198,327	$8.9M	6.39%
8	CERTARA INC	CERT	982,710	$8.7M	6.19%
9	POWERFLEET INC	AIOT	1,553,700	$8.3M	5.91%
10	STRATASYS LTD	SSYS	935,626	$8.1M	5.81%
11	SOUNDTHINKING INC	SSTI	972,108	$7.8M	5.58%
12	ACI WORLDWIDE INC	ACIW	138,133	$6.6M	4.72%
13	COGNEX CORP	CGNX	163,138	$5.9M	4.20%
14	HEXCEL CORP NEW	428291108	75,785	$5.6M	4.00%
15	SPDR SERIES TRUST	78468R663	52,855	$4.8M	3.45%
16	ENERGY RECOVERY INC	ERII	334,469	$4.5M	3.23%
17	COHERENT CORP	COHR	22,628	$4.2M	2.99%
18	SIMULATIONS PLUS INC	SLP	134,388	$2.4M	1.75%