TM
TFJ Management, LLC Institutional Portfolio & 13F Holdings (Q2 2026)
TFJ Management, LLCCIK: 0002056069
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$206.1M
Reporting period: 2026-06-30 · Number of holdings: 12
TFJ Management, LLC disclosed 12 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $206.1M and a quarterly turnover rate of 52.0%.
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Personality snowflake
- Concentration
- 55.77
- Portfolio Stability
- 52.05
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 22
- Sizing Uniformity
- 92.34
TFJ Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.139 — mathematically equivalent to about 7 equally-sized positions, well below its 12 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.77), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 46% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy G9723Y105
Trim CPNG
+7.2% -$392.9K
Sold out APPF
Add TOST
+455.5% $8.1M
Add EWY
0.0% $16.6M
Trim GTLB
-21.3% $1.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 11 holdings (of 12 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | EWY | Ishares Msci South Korea ETF | ETF-Other | 20.67% | +2.31% | — | |
| 2 | APP | Applovin Corp-class A | Stock-Tech | 16.10% | -1.60% | +2.46% | |
| 3 | OPLN | Openlane Inc | Stock-Other | 15.73% | -0.48% | — | |
| 4 | CPNG | Coupang Inc | Stock-Consumer Disc | 14.04% | -6.71% | +7.24% | |
| 5 | ✓ | Stock-Other | 13.05% | +13.05% | NEW | ||
| 6 | GTLB | Gitlab Inc-cl A | Stock-Tech | 7.07% | -2.22% | -21.28% | |
| 7 | TOST | Toast Inc-class A | Stock-Tech | 4.73% | +3.55% | +455.46% | |
| 8 | SAIL | Sailpoint Inc | Stock-Other | 3.26% | +0.51% | +56.43% | |
| 9 | IOT | Samsara Inc-cl A | Stock-Tech | 2.04% | -0.87% | — | |
| 10 | TW | Tradeweb Markets Inc-class A | Stock-Financials | 1.89% | +1.89% | NEW | |
| 11 | CLVT | Clarivate Plc | Stock-Other | 1.40% | -0.68% | +14.95% |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
-6.5%
Performance Last 4 Quarters
-11.7%
- Stdev
- +33.7%
- Beta
- +1.79
- Alpha
- -26.1%
- Max Drawdown
- -34.4%
- Annualized Perf
- +2.8%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +0.39
- Stutzer
- +0.07
- Treynor
- +0.04
- Sterling
- +0.06
- Calmar
- +0.08
- Information Ratio
- -0.43
- Tracking Error
- +26%
- Stdev Down
- +20.6%
- Winning Months %
- +55.6%
- Losing Months %
- +44.4%
- Best 12 Months
- +6.7%
- Worst 12 Months
- -11.7%
- Efficiency Ratio
- +0.03
- Sharpe
- +0.24
- Stdev Sectors
- +25%
- Skewness
- +0.33
- Kurtosis
- -0.89
- Upside Potential
- +2.54
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
TFJ Management, LLC's most significant position changes for 2026-06-30: New buy: ; Sold out: Appfolio Inc - A (APPF); New buy: Tradeweb Markets Inc-class A (TW); Sold out: Riskified Ltd. (RSKD); Sold out: Figma Inc-cl A (FIG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +13.1% | NEW | New buy | |
| 2 | TOST | Toast Inc-class A | +3.6% | +455.46% | Add |
| 3 | EWY | Ishares Msci South Korea ETF | +2.3% | — | Unchanged |
| 4 | TW | Tradeweb Markets Inc-class A | +1.9% | NEW | New buy |
| 5 | SAIL | Sailpoint Inc | +0.5% | +56.43% | Add |
| 6 | OPLN | Openlane Inc | -0.5% | — | Unchanged |
| 7 | ACVA | Acv Auctions Inc-a | -0.5% | EXIT | Sold out |
| 8 | CLVT | Clarivate Plc | -0.7% | +14.95% | Add |
| 9 | IOT | Samsara Inc-cl A | -0.9% | — | Unchanged |
| 10 | FIG | Figma Inc-cl A | -1% | EXIT | Sold out |
| 11 | RSKD | Riskified Ltd. | -1.5% | EXIT | Sold out |
| 12 | APP | Applovin Corp-class A | -1.6% | +2.46% | Add |
| 13 | GTLB | Gitlab Inc-cl A | -2.2% | -21.28% | Trim |
| 14 | APPF | Appfolio Inc - A | -5.8% | EXIT | Sold out |
| 15 | CPNG | Coupang Inc | -6.7% | +7.24% | Add |
Filing History
FAQ
What is TFJ Management, LLC and what type of investor is it?
TFJ Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $206.1M, spread across 12 disclosed positions.
What are TFJ Management, LLC's largest equity positions?
Based on the latest 13F filing, TFJ Management, LLC's top holdings by market value are:
1. Ishares Msci South Korea ETF (EWY) — $42.6M (20.7%)
2. Applovin Corp-class A (APP) — $33.2M (16.1%)
3. Openlane Inc (OPLN) — $32.4M (15.7%)
4. Coupang Inc (CPNG) — $28.9M (14.0%)
5. — $26.9M (13.1%)
What changes did TFJ Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, TFJ Management, LLC made 12 notable position adjustments: 2 new positions were initiated, 5 existing holdings were added to, 1 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: ; Sold out: Appfolio Inc - A (APPF); New buy: Tradeweb Markets Inc-class A (TW); Sold out: Riskified Ltd. (RSKD); Sold out: Figma Inc-cl A (FIG)
What sectors does TFJ Management, LLC focus on?
TFJ Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 65.3%
• Consumer Discretionary: 30.6%
• Financials: 4.1%
Investment Profile
TFJ Management, LLC returned an annualized 2.8% over the trailing 18 months — underperforming the S&P 500 by 26.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.79 (more volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active, with 65.3% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 52 over the past 4 quarters — a shift toward more active trading.
It has added to its OPLN position for two straight quarters, increasing it by $10.0M to reach $32.4M.
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Developer Access
Access TFJ Management, LLC's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/tfj-management-llcCLI
npx alphasmo institutions get tfj-management-llc