Institutional Manager · CIK 0001824827

True Wind Capital Management, L.P.

San Francisco, CA · File #028-21606

Latest AUM

$261.6M

Positions

Top-10 Concentration

100.0%

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
REDUCE	OPEN LENDING CORP	LPRO	0	$0	-$4.2M
REDUCE	CELLEBRITE DI LTD	CLBT	0	$0	-$6.9M

Sector Allocation

Technology

95.5%$249.9M

Financials

4.5%$11.7M

Filing History

Jan 23, 202613F HOLDINGS REPORTQ/E Dec 20252 pos · $261.6M
Oct 23, 202513F HOLDINGS REPORTQ/E Sep 20252 pos · $272.8M
Jul 24, 202513F HOLDINGS REPORTQ/E Jun 20252 pos · $236.4M
Apr 30, 202513F HOLDINGS REPORTQ/E Mar 20252 pos · $290.1M
Feb 5, 202513F HOLDINGS REPORTQ/E Dec 20242 pos · $350.4M
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 20242 pos · $243.7M
Aug 7, 202413F HOLDINGS REPORTQ/E Jun 20242 pos · $202.1M
Apr 24, 202413F HOLDINGS REPORTQ/E Mar 20242 pos · $195.6M
Nov 8, 202313F HOLDINGS REPORTQ/E Dec 20233 pos · $248.1M

Top 2 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	CELLEBRITE DI LTD	CLBT	13,861,007	$249.9M	95.53%
2	OPEN LENDING CORP	LPRO	7,545,144	$11.7M	4.47%