TFJ Management
SOMERVILLE, MAfiles as TFJ Management, LLC
$153m in 10 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 25.5% of the portfolio this quarter.
Value
$153m
Stocks
10
Top 10 share
100.0%
Turnover
25.5%
What changed this quarter
New
Bought for the first time this quarter.
- Wise GroupWSE17.5% of the fund
- Tradeweb MarketsTW2.5% of the fund
Added
Bought more of a stock they already held.
- AppLovinAPP21.6% of the fund+2%
- CoupangCPNG12.3% of the fund+12%
- ToastTOST6.4% of the fund+455%
- SailPointSAIL4.4% of the fund+56%
- ClarivateCLVT1.9% of the fund+15%
Cut
Sold some of their stake.
- GitlabGTLB9.5% of the fund-21%
Sold out
Sold their entire stake.
- AppfolioAPPF-100%
- RiskifiedRSKD-100%
- FigmaFIG-100%
- ACV AuctionsACVA-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AppLovinAPP | 21.6% | $33m | 64,420 | +2% |
| OpenlaneOPLN | 21.1% | $32m | 786,153 | Held |
| Wise GroupWSE | 17.5% | $27m | 2,259,114 | New |
| CoupangCPNG | 12.3% | $19m | 1,086,770 | +12% |
| GitlabGTLB | 9.5% | $15m | 477,631 | -21% |
| ToastTOST | 6.4% | $10m | 350,565 | +455% |
| SailPointSAIL | 4.4% | $7m | 459,627 | +56% |
| SamsaraIOT | 2.7% | $4m | 129,786 | Held |
| Tradeweb MarketsTW | 2.5% | $4m | 39,092 | New |
| ClarivateCLVT | 1.9% | $3m | 1,332,798 | +15% |
Options (2)
- IsharesEWY
- Type
- Put
- Value
- $43m
- Contracts
- 211,000
- CoupangCPNG
- Type
- Call
- Value
- $10m
- Contracts
- 579,600
| Company | Type | Value | Contracts |
|---|---|---|---|
| IsharesEWY | Put | $43m | 211,000 |
| CoupangCPNG | Call | $10m | 579,600 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 19.8% since 30 June 2025.
Where the money is
Technology36.0%
Retail & consumer33.4%
Media & telecom21.6%
Financial services8.9%
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.