TFJ Management, LLC
CIK 2056069 · View on SEC EDGAR ↗
- Portfolio value
- $206.1M
- Positions
- 12
- As of
- June 30, 2026
Portfolio value QoQ: +45.8% 13F does not disclose cash
- Top 10 holdings weight
- 96.71%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 12
- Effective number of positions
- 7.7
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 9.4% Est. buys $44,351,639 · sells $16,332,094
Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 41.4% still held
- New positions
- 2
- Increased
- 5
- Decreased
- 1
- Closed
- 4
Put-notional exposure: 20.7% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +4.2% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 100.0% · Options excluded: 4.8%
Sector breakdown
Full portfolio 12 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| EWY | $42,600,900 | 20.67% | 211,000 | Put option | $16,645,790 | ||
| APP Applovin Corporation - Class A Common Stock | $33,191,117 | 16.10% | 64,420 | $8,168,061 | Up ×2 | ||
| OPLN OPENLANE, Inc. Common Stock | $32,420,950 | 15.73% | 786,153 | $9,504,590 | |||
| Unknown issuer (CUSIP: G9723Y105) | $26,906,048 | 13.05% | 2,259,114 | Up ×1 | |||
| CPNG Coupang, Inc. Class A Common Stock | $18,877,195 | 9.16% | 1,086,770 | $482,279 | Up ×3 | ||
| GTLB GitLab Inc. - Class A Common Stock | $14,582,074 | 7.07% | 477,631 | $1,452,653 | Down ×1 | ||
| CPNG Coupang, Inc. Class A Common Stock | $10,067,652 | 4.88% | 579,600 | Call option | $-875,196 | ||
| TOST Toast, Inc. Class A Common Stock | $9,752,718 | 4.73% | 350,565 | $8,079,619 | Up ×1 | ||
| SAIL SailPoint, Inc. - Common Stock | $6,728,939 | 3.26% | 459,627 | $2,838,722 | Up ×1 | ||
| IOT Samsara Inc. Class A Common Stock | $4,208,960 | 2.04% | 129,786 | $96,042 | |||
| TW Tradeweb Markets Inc. - Class A Common Stock | $3,895,909 | 1.89% | 39,092 | Up ×1 | |||
| CLVT Clarivate Plc Ordinary Shares | $2,878,844 | 1.40% | 1,332,798 | $-54,706 | Up ×2 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| CPNG | $18,877,195 | 9.16% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: G9723Y105) | $26,906,048 | 2,259,114 | 13.05% |
| TW | $3,895,909 | 39,092 | 1.89% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| EWY | Price move only | +0 | +$16.6M |
| OPLN | Price move only | +0 | +$9.5M |
| APP | Bought more | +2K | +$8.2M |
| SAIL | Bought more | +166K | +$2.8M |
| GTLB | Trimmed | -129K | +$1.5M |
| CPNG | Price move only | +0 | -$875K |
| CPNG | Bought more | +112K | +$482K |
| IOT | Price move only | +0 | +$96K |
| CLVT | Bought more | +173K | -$55K |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| CWAN | March 31, 2026 | 683,114 | $16,476,710 | No longer tracked |
| CCC | Dec. 31, 2025 | 1,367,578 | $12,458,636 | -6.9% |
| APPF | June 30, 2026 | 51,739 | $8,165,449 | 34.2% |
| ABNB | Sept. 30, 2025 | 55,386 | $7,329,783 | 52.3% |
| CRM | March 31, 2025 | 17,561 | $5,871,169 | -23.4% |
| PCOR | Sept. 30, 2025 | 70,271 | $4,807,942 | -14.7% |
| DCBO | Sept. 30, 2025 | 147,148 | $4,258,463 | -10.0% |
| HGV | March 31, 2026 | 48,030 | $2,149,343 | 15.3% |
| RSKD | June 30, 2026 | 546,680 | $2,142,986 | 16.4% |
| LYV | June 30, 2025 | 15,776 | $2,042,992 | 20.5% |
| FIG | June 30, 2026 | 66,604 | $1,408,009 | 48.5% |
| TKO | March 31, 2025 | 9,516 | $1,352,319 | 26.5% |
| RBLX | June 30, 2025 | 16,864 | $983,003 | -63.0% |
| MNDY | March 31, 2025 | 4,164 | $980,372 | -63.6% |
| CSGP | March 31, 2025 | 13,488 | $965,606 | -59.6% |
| ACVA | June 30, 2026 | 159,095 | $674,563 | 5.5% |
| OLO | March 31, 2025 | 13,937 | $107,036 | No longer tracked |