TFJ Management, LLC

Sector-focusedMomentum followerQuality / disciplined sizing

Total reported value

$141.4M

Reporting period: 2026-03-31 · Number of holdings: 14

TFJ Management, LLC disclosed 14 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $141.4M and a quarterly turnover rate of 66.7%.

Personality snowflake

Concentration: 59.55
Portfolio Stability: 66.69
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 26
Sizing Uniformity: 89.93

Recent moves

Trim APP
+18.9%　-$10.6M
Trim ACVA
-87.1%　-$9.2M
Add CPNG
+84.1%　$9.4M
Trim RSKD
-60.8%　-$4.8M
Trim GTLB
+50.6%　-$2.0M
Add CLVT
+98.1%　$978.8K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 13 holdings (of 14 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	CPNG	Coupang INC	Stock-Consumer Disc	20.75%	+6.41%	+84.07%
2	EWY	Ishares Msci South Korea ETF	ETF-Other	18.36%	+18.36%	NEW
3	APP	Applovin Corp-class A	Stock-Tech	17.70%	-7.95%	+18.93%
4	OPLN	Openlane INC	Stock-Other	16.21%	+0.08%	+4.51%
5	GTLB	Gitlab Inc-cl A	Stock-Tech	9.29%	-1.59%	+50.62%
6	APPF	Appfolio INC - A	Stock-Tech	5.78%	-0.28%	+43.06%
7	IOT	Samsara Inc-cl A	Stock-Tech	2.91%	+2.91%	NEW
8	SAIL	Sailpoint INC	Stock-Other	2.75%	+2.75%	NEW
9	CLVT	Clarivate Plc	Stock-Other	2.08%	+0.67%	+98.12%
10	RSKD	Riskified Ltd.	Stock-Other	1.52%	-3.47%	-60.79%
11	TOST	Toast Inc-class A	Stock-Tech	1.18%	+1.18%	NEW
12	FIG	Figma Inc-cl A	Stock-Other	1.00%	+1.00%	NEW
13	ACVA	Acv Auctions Inc-a	Stock-Other	0.48%	-6.66%	-87.13%

Portfolio Performance

Performance for Q3 2026

+0.9%

Performance Last 4 Quarters

-23.3%

Based on 81% of reported portfolio value with available pricing

Stdev: +37.7%
Beta: +1.88
Alpha: -39.4%
Max Drawdown: -43.4%
Annualized Perf: -11.4%
Batting Avg vs S&P: +41.2%
Sortino: -0.21
Stutzer: -0.04
Treynor: -0.03
Sterling: -0.21
Calmar: -0.26
Information Ratio: -0.78
Tracking Error: +30%
Stdev Down: +25.3%
Winning Months %: +47.1%
Losing Months %: +52.9%
Best 12 Months: -7.9%
Worst 12 Months: -23.3%
Efficiency Ratio: +0.1
Sharpe: -0.14
Stdev Sectors: +14%
Skewness: +0.32
Kurtosis: -0.96
Upside Potential: +2

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	14	$141.4M	67	1CPNG 2EWY 3APP Top holdings2026-03-31 1.CPNG 2.EWY 3.APP 4.OPLN 5.GTLB 6.APPF 7.IOT 8.SAIL 9.CLVT 10.RSKD
2025-12-31	10	$138.9M	37	1APP 2OPLN 3CPNG Top holdings2025-12-31 1.APP 2.OPLN 3.CPNG 4.CWAN 5.GTLB 6.ACVA 7.APPF 8.RSKD 9.HGV 10.CLVT
2025-09-30	10	$148.4M	62	1APP 2CPNG 3OPLN Top holdings2025-09-30 1.APP 2.CPNG 3.OPLN 4.CCC 5.HGV 6.ACVA 7.GTLB 8.APPF 9.RSKD 10.CWAN
2025-06-30	12	$128.1M	0	1APP 2CPNG 3OPLN Top holdings2025-06-30 1.APP 2.CPNG 3.OPLN 4.ACVA 5.HGV 6.APPF 7.ABNB 8.CCC 9.RSKD 10.PCOR
2025-03-31	14	$105.6M	0	1APP 2CPNG 3OPLN Top holdings2025-03-31 1.APP 2.CPNG 3.OPLN 4.ACVA 5.DCBO 6.CCC 7.HGV 8.ABNB 9.APPF 10.PCOR
2024-12-31	16	$111.0M	0	1APP 2CPNG 3OPLN Top holdings2024-12-31 1.APP 2.CPNG 3.OPLN 4.DCBO 5.ABNB 6.ACVA 7.CRM 8.APPF 9.PCOR 10.HGV

Holding changes this quarter

TFJ Management, LLC's most significant position changes for 2026-03-31: New buy: Ishares Msci South Korea ETF (EWY); Sold out: Clearwater Analytics Holdings, Inc. (CWAN); New buy: Samsara Inc-cl A (IOT); New buy: Sailpoint INC (SAIL); Sold out: Hilton Grand Vacations INC (HGV).

Position changes disclosed by TFJ Management, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	CPNG	Coupang INC	+6.4%	+84.07%	Add
2	CLVT	Clarivate Plc	+0.7%	+98.12%	Add
3	OPLN	Openlane INC	+0.1%	+4.51%	Add
4	APPF	Appfolio INC - A	-0.3%	+43.06%	Add
5	GTLB	Gitlab Inc-cl A	-1.6%	+50.62%	Add
6	RSKD	Riskified Ltd.	-3.5%	-60.79%	Trim
7	ACVA	Acv Auctions Inc-a	-6.7%	-87.13%	Trim
8	APP	Applovin Corp-class A	-8%	+18.93%	Add
9	EWY	Ishares Msci South Korea ETF	—	NEW	New buy
10	CWAN	Clearwater Analytics Holdings, Inc.	—	EXIT	Sold out
11	IOT	Samsara Inc-cl A	—	NEW	New buy
12	SAIL	Sailpoint INC	—	NEW	New buy
13	HGV	Hilton Grand Vacations INC	—	EXIT	Sold out
14	TOST	Toast Inc-class A	—	NEW	New buy
15	FIG	Figma Inc-cl A	—	NEW	New buy

FAQ

What is TFJ Management, LLC and what type of investor is it?

TFJ Management, LLC 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 $141.4M, spread across 14 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. Coupang INC (CPNG) — $29.3M (20.8%) 2. Ishares Msci South Korea ETF (EWY) — $26.0M (18.4%) 3. Applovin Corp-class A (APP) — $25.0M (17.7%) 4. Openlane INC (OPLN) — $22.9M (16.2%) 5. Gitlab Inc-cl A (GTLB) — $13.1M (9.3%)

What changes did TFJ Management, LLC make in its most recent portfolio filing?

In the latest reported quarter, TFJ Management, LLC made 15 notable position adjustments: 5 new positions were initiated, 6 existing holdings were added to, 2 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Ishares Msci South Korea ETF (EWY); Sold out: Clearwater Analytics Holdings, Inc. (CWAN); New buy: Samsara Inc-cl A (IOT); New buy: Sailpoint INC (SAIL); Sold out: Hilton Grand Vacations INC (HGV)

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: 64.0% • Consumer Discretionary: 36.0%