Long Path Partners LP
Stamford, CT
$235m in 10 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 15.0% of the portfolio this quarter.
Value
$235m
Stocks
10
Top 10 share
100.0%
Turnover
15.0%
What changed this quarter
New
Bought for the first time this quarter.
- SPS CommerceSPSC4.4% of the fund
Added
Bought more of a stock they already held.
- Mesa LaboratoriesMLAB20.2% of the fund+18%
- Alkami TechnologyALKT17.3% of the fund+24%
- Tyler TechnologiesTYL7.8% of the fund+4%
- Veeva SystemsVEEV4.0% of the fund+60%
Cut
Sold some of their stake.
- nCinoNCNO25.4% of the fund-18%
- TransDigm GroupTDG3.5% of the fund-6%
- Procore TechnologiesPCOR3.1% of the fund-15%
- i3 VerticalsIIIV2.0% of the fund-74%
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| nCinoNCNO | 25.4% | $60m | 3,639,442 | -18% |
| Mesa LaboratoriesMLAB | 20.2% | $47m | 477,126 | +18% |
| Alkami TechnologyALKT | 17.3% | $41m | 2,239,524 | +24% |
| CorpayCPAY | 12.4% | $29m | 87,472 | Held |
| Tyler TechnologiesTYL | 7.8% | $18m | 62,642 | +4% |
| SPS CommerceSPSC | 4.4% | $10m | 180,912 | New |
| Veeva SystemsVEEV | 4.0% | $9m | 52,738 | +60% |
| TransDigm GroupTDG | 3.5% | $8m | 6,078 | -6% |
| Procore TechnologiesPCOR | 3.1% | $7m | 176,896 | -15% |
| i3 VerticalsIIIV | 2.0% | $5m | 215,319 | -74% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 20.3% since 30 June 2025.
Where the money is
Technology59.9%
Industrials23.7%
Financial services12.4%
Health care4.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.