SV
Sapphire Ventures, L.l.c.
Concentrated strategySector-focusedContrarian
Total reported value
$99.4M
Reporting period: 2026-03-31 · Number of holdings: 4
SAPPHIRE VENTURES, L.L.C. disclosed 4 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $99.4M and a quarterly turnover rate of 81.9%.
Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 81.92
- Momentum/Contrarian
- 0
- Sector conviction
- 100
- Diversification
- 8
- Sizing Uniformity
- 91.03
Recent moves
Trim BRZE
0.0% -$17.8M
Trim KLTR
0.0% -$3.4M
Trim PATH
0.0% -$1.1M
New buy NTSK
Sold out ONTF
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 | NTSK | Netskope Inc-cl A | Stock-Other | 48.43% | +48.43% | NEW | |
| 2 | BRZE | Braze Inc-a | Stock-Other | 39.55% | -37.35% | — | |
| 3 | KLTR | Kaltura INC | Stock-Other | 9.79% | -7.83% | — | |
| 4 | PATH | Uipath INC - Class A | Stock-Tech | 2.23% | -2.18% | — |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 4 | $99.4M | 82 | |
| 2025-12-31 | 4 | $74.3M | 44 | |
| 2025-09-30 | 6 | $84.6M | 34 | |
| 2025-06-30 | 6 | $90.5M | 0 | |
| 2025-03-31 | 6 | $105.1M | 100 | |
| 2024-12-31 | 7 | $124.7M | 0 | |
| 2024-09-30 | 7 | $95.8M | 0 | |
| 2024-06-30 | 7 | $117.5M | 0 | |
| 2024-03-31 | 7 | $134.3M | 0 | |
| 2023-12-31 | 9 | $166.8M | 0 | |
| 2023-09-30 | 9 | $173.6M | 0 | |
| 2023-06-30 | 9 | $182.1M | 0 | |
| 2023-03-31 | 10 | $239.2M | 0 | |
| 2022-12-31 | 10 | $285.3M | 0 | |
| 2022-09-30 | 10 | $311.5M | 0 | |
| 2022-06-30 | 11 | $413.3M | 0 | |
| 2022-03-31 | 11 | $534.5M | 0 | |
| 2021-12-31 | 13 | $1.1B | 0 | |
| 2021-09-30 | 10 | $1.3B | 0 | |
| 2021-06-30 | 8 | $1.2B | 100 | |
| 2021-03-31 | 6 | $503.7M | 41 | |
| 2020-12-31 | 5 | $748.8M | 35 | |
| 2020-09-30 | 4 | $827.9M | 100 | |
| 2020-06-30 | 2 | $66.1M | 79 | 1LVGO256804T |
| 2020-03-31 | 3 | $152.5M | 38 | |
| 2019-12-31 | 3 | $105.7M | 100 | |
| 2018-09-30 | 6 | $85.7M | 15 | |
| 2018-06-30 | 6 | $92.3M | 87 | |
| 2018-03-31 | 6 | $51.2M | 11 | |
| 2017-12-31 | 6 | $51.5M | 100 | |
| 2017-09-30 | 6 | $195.0M | 100 | |
| 2017-06-30 | 7 | $115.8M | 27 | |
| 2017-03-31 | 8 | $130.4M | 73 | |
| 2016-12-31 | 8 | $89.2M | — |
Holding changes this quarter
Sapphire Ventures, L.l.c.'s most significant position changes for 2026-03-31: New buy: Netskope Inc-cl A (NTSK); Sold out: On24 INC (ONTF).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PATH | Uipath INC - Class A | -2.2% | — | Unchanged |
| 2 | KLTR | Kaltura INC | -7.8% | — | Unchanged |
| 3 | BRZE | Braze Inc-a | -37.4% | — | Unchanged |
| 4 | NTSK | Netskope Inc-cl A | — | NEW | New buy |
| 5 | ONTF | On24 INC | — | EXIT | Sold out |
FAQ
What is Sapphire Ventures, L.l.c. and what type of investor is it?
Sapphire Ventures, L.l.c. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $99.4M, spread across 4 disclosed positions.
What are Sapphire Ventures, L.l.c.'s largest equity positions?
Based on the latest 13F filing, Sapphire Ventures, L.l.c.'s top holdings by market value are:
1. Netskope Inc-cl A (NTSK) — $48.2M (48.4%)
2. Braze Inc-a (BRZE) — $39.3M (39.5%)
3. Kaltura INC (KLTR) — $9.7M (9.8%)
4. Uipath INC - Class A (PATH) — $2.2M (2.2%)
What changes did Sapphire Ventures, L.l.c. make in its most recent portfolio filing?
In the latest reported quarter, Sapphire Ventures, L.l.c. made 2 notable position adjustments: 1 new positions were initiated, 0 existing holdings were added to, 0 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Netskope Inc-cl A (NTSK); Sold out: On24 INC (ONTF)
What sectors does Sapphire Ventures, L.l.c. focus on?
Sapphire Ventures, L.l.c. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 100.0%