TB
Thoma Bravo, L.p. 13F Filings & Institutional Holdings (Q2 2026)
Thoma Bravo, L.p.CIK: 0001450701
Concentrated strategySector-focusedQuality / disciplined sizing
Total reported value
$7.3B
Reporting period: 2026-06-30 · Number of holdings: 3
THOMA BRAVO, L.P. disclosed 3 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $7.3B and a quarterly turnover rate of 10.5%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 10.47
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 6
- Sizing Uniformity
- 83.6
Thoma Bravo, L.p.'s disclosed holdings carry a Herfindahl concentration index of 0.931 — mathematically equivalent to about 1 equally-sized positions, well below its 3 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.64), with a handful of outsized bets alongside many smaller positions.
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 1% 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.govTrim NABL
0.0% -$50.1M
Add SAIL
0.0% $671.8M
Add TTAN
0.0% $7.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SAIL | Sailpoint Inc | Stock-Other | 96.47% | +0.98% | — | |
| 2 | NABL | N-able Inc | Stock-Other | 2.52% | -1.00% | — | |
| 3 | TTAN | Servicetitan Inc-a | Stock-Tech | 1.01% | +0.02% | — |
* 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
+5.7%
Performance Last 4 Quarters
-5.7%
- Stdev
- +55.4%
- Beta
- +1.55
- Alpha
- -2.4%
- Max Drawdown
- -47.7%
- Annualized Perf
- +18.4%
- Batting Avg vs S&P
- +48.1%
- Sortino
- +1.1
- Stutzer
- +0.17
- Treynor
- +0.19
- Sterling
- +0.47
- Calmar
- +0.39
- Information Ratio
- +0.17
- Tracking Error
- +52.4%
- Stdev Down
- +27.2%
- Winning Months %
- +63%
- Losing Months %
- +37%
- Best 12 Months
- +61.8%
- Worst 12 Months
- -34%
- Efficiency Ratio
- +0.16
- Sharpe
- +0.54
- Stdev Sectors
- 0%
- Skewness
- +1.56
- Kurtosis
- +4.52
- Upside Potential
- +2.91
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 3 | $7.3B | 10 | ||
| 2026 Q1 | 3 | $6.7B | 42 | ||
| 2025 Q4 | 3 | $10.2B | 14 | ||
| 2025 Q3 | 4 | $11.7B | 53 | ||
| 2025 Q2 | 4 | $12.0B | 0 | ||
| 2025 Q1 | 7 | $14.6B | 100 | ||
| 2024 Q4 | 6 | $5.6B | 0 | ||
| 2024 Q3 | 5 | $7.9B | 0 | ||
| 2024 Q2 | 5 | $10.1B | 0 | ||
| 2024 Q1 | 6 | $10.3B | 0 | ||
| 2023 Q4 | 6 | $11.1B | 0 | ||
| 2023 Q3 | 5 | $7.3B | 0 | ||
| 2023 Q2 | 5 | $7.8B | 0 | ||
| 2023 Q1 | 5 | $7.9B | 0 | ||
| 2022 Q4 | 5 | $7.6B | 0 | ||
| 2022 Q3 | 5 | $7.2B | 0 | ||
| 2022 Q2 | 5 | $7.7B | 0 | ||
| 2022 Q1 | 5 | $8.3B | 0 | ||
| 2021 Q4 | 6 | $10.6B | 0 | ||
| 2021 Q3 | 6 | $11.5B | 0 | ||
| 2021 Q2 | 3 | $7.1B | 93 | ||
| 2021 Q1 | 3 | $6.2B | 13 | ||
| 2020 Q4 | 3 | $5.5B | 34 | ||
| 2020 Q3 | 3 | $7.0B | 30 | ||
| 2020 Q2 | 2 | $6.6B | 25 | ||
| 2020 Q1 | 2 | $5.1B | 19 | ||
| 2019 Q4 | 2 | $6.2B | 15 | ||
| 2019 Q3 | 3 | $5.5B | 96 | ||
| 2019 Q2 | 2 | $1.9B | 17 | ||
| 2019 Q1 | 2 | $2.3B | 37 | ||
| 2018 Q4 | 2 | $1.6B | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SAIL | Sailpoint Inc | +1% | — | Unchanged |
| 2 | TTAN | Servicetitan Inc-a | 0% | — | Unchanged |
| 3 | NABL | N-able Inc | -1% | — | Unchanged |
Filing History
FAQ
What is Thoma Bravo, L.p. and what type of investor is it?
Thoma Bravo, L.p. 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 $7.3B, spread across 3 disclosed positions.
What are Thoma Bravo, L.p.'s largest equity positions?
Based on the latest 13F filing, Thoma Bravo, L.p.'s top holdings by market value are:
1. Sailpoint Inc (SAIL) — $7.0B (96.5%)
2. N-able Inc (NABL) — $183.8M (2.5%)
3. Servicetitan Inc-a (TTAN) — $73.5M (1.0%)
What changes did Thoma Bravo, L.p. make in its most recent portfolio filing?
No notable portfolio changes were recorded for Thoma Bravo, L.p. in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Thoma Bravo, L.p. focus on?
Thoma Bravo, L.p. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 100.0%
Investment Profile
Thoma Bravo, L.p. returned an annualized 18.4% over the trailing 27 months — underperforming the S&P 500 by 2.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.55 (more volatile than the market) and a 48% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 100.0% of the portfolio concentrated in Information Technology.
It has trimmed its NABL position for two straight quarters, cutting it by $190.8M while still holding $183.8M.
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Developer Access
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