Institutional Manager · CIK 0002056069
TFJ Management, LLC
SOMERVILLE, MA · File #028-25076
Latest AUM
$138.9M
Positions
10
Top-10 Concentration
100.0%
Filings
5
Portfolio Value Over Time
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 | CCC INTELLIGENT SOLUTIONS HL | 12510Q100 | -1,367,578 | -$12.5M | $0 |
| REDUCE | HILTON GRAND VACATIONS INC | HGV | -218,141 | -$9.8M | +$782,545 |
| ADD | CLEARWATER ANALYTICS HLDGS I | CWAN | +326,071 | +$7.9M | +$2.2M |
| ADD | GITLAB INC | GTLB | +181,556 | +$6.8M | -$1.7M |
| ADD | OPENLANE INC | OPLN | +133,872 | +$4.0M | +$618,349 |
| NEW | CLARIVATE PLC | CLVT | +585,250 | +$2.0M | $0 |
| ADD | COUPANG INC | CPNG | +63,582 | +$1.5M | -$6.7M |
| ADD | ACV AUCTIONS INC | ACVA | +181,472 | +$1.5M | -$2.0M |
| REDUCE | APPLOVIN CORP | APP | -1,623 | -$1.1M | -$2.4M |
| ADD | APPFOLIO INC | APPF | +2,136 | +$496,940 | -$1.5M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202510 pos · $138.9M
- 13F HOLDINGS REPORTQ/E Sep 202510 pos · $148.4M
- 13F HOLDINGS REPORTQ/E Jun 202512 pos · $128.1M
- 13F HOLDINGS REPORTQ/E Mar 202514 pos · $105.6M
- 13F HOLDINGS REPORTQ/E Dec 202416 pos · $111.0M
Top 10 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | APPLOVIN CORP | APP | 52,865 | $35.6M | 25.65% |
| 2 | OPENLANE INC | OPLN | 752,220 | $22.4M | 16.13% |
| 3 | COUPANG INC | CPNG | 844,182 | $19.9M | 14.34% |
| 4 | CLEARWATER ANALYTICS HLDGS I | CWAN | 683,114 | $16.5M | 11.86% |
| 5 | GITLAB INC | GTLB | 402,815 | $15.1M | 10.88% |
| 6 | ACV AUCTIONS INC | ACVA | 1,236,430 | $9.9M | 7.14% |
| 7 | APPFOLIO INC | APPF | 36,166 | $8.4M | 6.06% |
| 8 | RISKIFIED LTD | RSKD | 1,394,074 | $6.9M | 4.99% |
| 9 | HILTON GRAND VACATIONS INC | HGV | 48,030 | $2.1M | 1.55% |
| 10 | CLARIVATE PLC | CLVT | 585,250 | $2.0M | 1.41% |