Vector Capital Management, L.P.
SAN FRANCISCO, CA
$24m in 3 US stocks at the end of 30 September 2025. The top 10 are 100.0% of the money. It changed about 30.3% of the portfolio this quarter.
Value
$24m
Stocks
3
Top 10 share
100.0%
Turnover
30.3%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- CPI Card GroupPMTS28.5% of the fund+19%
Cut
Sold some of their stake.
- LivepersonLPSN18.9% of the fund-28%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Cambium NetworksCMBMF
- Share
- 52.6%
- Value
- $13m
- Shares
- 14,325,696
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Cambium NetworksCMBMF | 52.6% | $13m | 14,325,696 | Held |
| CPI Card GroupPMTS | 28.5% | $7m | 459,314 | +19% |
| LivepersonLPSN | 18.9% | $5m | 7,883,818 | -28% |
Over time and by industry
Value over time
Sep '25
Value is down 6.3% since 30 June 2025.
Where the money is
Industrials28.5%
Technology18.9%
Other52.6%
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.