Circumference Group LLC

Sector-focusedMomentum followerQuality / disciplined sizing

Total reported value

$44.6M

Reporting period: 2026-03-31 · Number of holdings: 13

Circumference Group LLC disclosed 13 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $44.6M and a quarterly turnover rate of 74.4%.

Personality snowflake

Concentration: 35.86
Portfolio Stability: 74.36
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 26
Sizing Uniformity: 95.77

Recent moves

Add EXTR
+31.5%　$859.4K
Add CNM
+11.1%　$262.7K
Add WIX
+25.0%　$347.9K
Add RGP
0.0%　-$1.8M
Add PATH
+10.4%　-$1.6M
Add CXM
+8.9%　-$698.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	EXTR	Extreme Networks INC	Stock-Other	12.00%	+7.16%	+31.52%
2	RGP	Resources Connection INC	Stock-Other	11.61%	+4.06%	—
3	CNM	Core & Main Inc-class A	Stock-Industrials	11.07%	+6.03%	+11.11%
4	PATH	Uipath INC - Class A	Stock-Tech	10.57%	+3.77%	+10.39%
5	WIX	Wix.com Ltd.	Stock-Tech	10.09%	+5.61%	+25.00%
6	CXM	Sprinklr Inc-a	Stock-Other	8.20%	+3.50%	+8.89%
7	UPWK	Upwork INC	Stock-Other	7.37%	-0.85%	-22.08%
8	ICLR	ICON Public Limited Company	Stock-Healthcare	7.19%	+1.69%	+3.57%
9	TWLO	Twilio INC - A	Stock-Tech	7.05%	-2.91%	-61.54%
10	GTM	Zoominfo Technologies INC	Stock-Tech	4.69%	-0.30%	-23.08%
11	GLOB	Globant S.A.	Stock-Tech	4.34%	+1.38%	—
12	AMPL	Amplitude Inc-class A	Stock-Other	3.64%	+0.67%	—
13	RPD	Rapid7 INC	Stock-Other	2.20%	-1.90%	-28.58%

Portfolio Performance

Performance for Q3 2026

+24.1%

Performance Last 4 Quarters

+8%

Based on 51% of reported portfolio value with available pricing

Stdev: +24.7%
Beta: +1.02
Alpha: -11.2%
Max Drawdown: -23.5%
Annualized Perf: +8.9%
Batting Avg vs S&P: +50%
Sortino: +0.75
Stutzer: +0.14
Treynor: +0.11
Sterling: +0.26
Calmar: +0.38
Information Ratio: -0.51
Tracking Error: +21%
Stdev Down: +15.2%
Winning Months %: +57.1%
Losing Months %: +42.9%
Best 12 Months: +8%
Worst 12 Months: +1.4%
Efficiency Ratio: +0.12
Sharpe: +0.46
Stdev Sectors: +23.8%
Skewness: -0.01
Kurtosis: -0.91
Upside Potential: +2.8

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	13	$44.6M	74	1EXTR 2RGP 3CNM Top holdings2026-03-31 1.EXTR 2.RGP 3.CNM 4.PATH 5.WIX 6.CXM 7.UPWK 8.ICLR 9.TWLO 10.GTM
2025-12-31	22	$92.8M	44	1TWLO 2UPWK 3RGP Top holdings2025-12-31 1.TWLO 2.UPWK 3.RGP 4.TDC 5.PATH 6.YEXT 7.ICLR 8.CNM 9.GTM 10.EXTR
2025-09-30	25	$89.5M	57	1UPWK 2TWLO 3RGP Top holdings2025-09-30 1.UPWK 2.TWLO 3.RGP 4.WIX 5.EXTR 6.TDC 7.YEXT 8.ICLR 9.IAS 10.GTM
2025-06-30	23	$96.4M	0	1TWLO 2EXTR 3RGP Top holdings2025-06-30 1.TWLO 2.EXTR 3.RGP 4.TDC 5.INFA1EUR 6.UPWK 7.YEXT 8.PATH 9.DAVA 10.BASE
2025-03-31	22	$81.6M	0	1RGP 2TDC 3UPWK Top holdings2025-03-31 1.RGP 2.TDC 3.UPWK 4.EXTR 5.BASE 6.DAVA 7.TWLO 8.PATH 9.INFA1EUR 10.YEXT
2024-12-31	28	$116.3M	0	1GDDY 2RGP 3UPWK Top holdings2024-12-31 1.GDDY 2.RGP 3.UPWK 4.ZUOUSD 5.TDC 6.TWLO 7.DAVA 8.CXM 9.YEXT 10.EXTR
2024-09-30	27	$96.5M	0	1RGP 2EXTR 3YEXT Top holdings2024-09-30 1.RGP 2.EXTR 3.YEXT 4.CXM 5.TDC 6.UPWK 7.07S 8.ZUOUSD 9.GDDY 10.DAVA
2024-06-30	26	$94.8M	0	1TDC 2RGP 3EXTR Top holdings2024-06-30 1.TDC 2.RGP 3.EXTR 4.ZUOUSD 5.CXM 6.UPWK 7.YEXT 8.GTM 9.WIX 10.GDDY
2024-03-31	32	$106.6M	0	1TDC 2JNP 3RGP Top holdings2024-03-31 1.TDC 2.JNP 3.RGP 4.ZUOUSD 5.CXM 6.DXC 7.YEXT 8.GDDY 9.UPWK 10.07S
2023-12-31	36	$113.7M	0	1GDDY 2WIX 3JNP Top holdings2023-12-31 1.GDDY 2.WIX 3.JNP 4.BHE 5.ZUOUSD 6.RGP 7.BASE 8.07S 9.UPWK 10.CXM

Holding changes this quarter

Circumference Group LLC's most significant position changes for 2026-03-31: Sold out: Teradata CORP (TDC); Sold out: Yext INC (YEXT); Sold out: Korn Ferry (KFY); Sold out: Avantor INC (AVTR); Sold out: Epam Systems INC (EPAM).

Position changes disclosed by Circumference Group 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	EXTR	Extreme Networks INC	+7.2%	+31.52%	Add
2	CNM	Core & Main Inc-class A	+6%	+11.11%	Add
3	WIX	Wix.com Ltd.	+5.6%	+25.00%	Add
4	RGP	Resources Connection INC	+4.1%	—	Unchanged
5	PATH	Uipath INC - Class A	+3.8%	+10.39%	Add
6	CXM	Sprinklr Inc-a	+3.5%	+8.89%	Add
7	ICLR	ICON Public Limited Company	+1.7%	+3.57%	Add
8	GLOB	Globant S.A.	+1.4%	—	Unchanged
9	AMPL	Amplitude Inc-class A	+0.7%	—	Unchanged
10	GTM	Zoominfo Technologies INC	-0.3%	-23.08%	Trim
11	UPWK	Upwork INC	-0.9%	-22.08%	Trim
12	RPD	Rapid7 INC	-1.9%	-28.58%	Trim
13	TWLO	Twilio INC - A	-2.9%	-61.54%	Trim
14	TDC	Teradata CORP	—	EXIT	Sold out
15	YEXT	Yext INC	—	EXIT	Sold out
16	KFY	Korn Ferry	—	EXIT	Sold out
17	AVTR	Avantor INC	—	EXIT	Sold out
18	EPAM	Epam Systems INC	—	EXIT	Sold out
19	ONTF	On24 INC	—	EXIT	Sold out
20	FIVN	Five9 INC	—	EXIT	Sold out

FAQ

What is Circumference Group LLC and what type of investor is it?

Circumference Group 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 $44.6M, spread across 13 disclosed positions.

What are Circumference Group LLC's largest equity positions?

Based on the latest 13F filing, Circumference Group LLC's top holdings by market value are: 1. Extreme Networks INC (EXTR) — $5.4M (12.0%) 2. Resources Connection INC (RGP) — $5.2M (11.6%) 3. Core & Main Inc-class A (CNM) — $4.9M (11.1%) 4. Uipath INC - Class A (PATH) — $4.7M (10.6%) 5. Wix.com Ltd. (WIX) — $4.5M (10.1%)

What changes did Circumference Group LLC make in its most recent portfolio filing?

In the latest reported quarter, Circumference Group LLC made 17 notable position adjustments: 0 new positions were initiated, 6 existing holdings were added to, 4 positions were partially reduced, and 7 were completely exited. The largest of these moves: Sold out: Teradata CORP (TDC); Sold out: Yext INC (YEXT); Sold out: Korn Ferry (KFY); Sold out: Avantor INC (AVTR); Sold out: Epam Systems INC (EPAM)

What sectors does Circumference Group LLC focus on?

Circumference Group LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 66.8% • Industrials: 20.1% • Health Care: 13.1%