TFJ Management, LLC

CIK

2056069

Location

SOMERVILLE, MA

Portfolio Value

Small $115,407,385

Diversification

Moderately concentrated

Filing Date

Global Rank

#5,385 / 8,605 ▼ 215 · as of Mar 2026

Top Industry

Internet Retail 25.4%

3Y Alpha vs SPY

-21.4%

Period ended 3 months ago

Filed May 15, 2026 · 55d

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

-5.1%

SPY

+24.4%

Annualised alpha

-20.6%

Max drawdown

−35.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

12 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

25.4%

−0.2 pts

Top 5

85.4%

+6.6 pts

Top 10

98.2%

−1.8 pts

HHI

1,728

Moderately concentrated+228

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	45.9%	$52,928,685	3
Technology	32.5%	$37,455,644	8
Communication Services	21.7%	$25,023,056	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
CPNG	Coupang, Inc.	+709,725	1,553,907	$29,337,764
CLVT	Clarivate PLC	+574,256	1,159,506	$2,933,550
GTLB	Gitlab Inc.	+203,905	606,720	$13,129,420
OPLN	OPENLANE, Inc.	+33,933	786,153	$22,916,359
APPF	Appfolio Inc	+15,573	51,739	$8,165,448
APP	AppLovin Corp	+10,007	62,872	$25,023,056
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
ACVA	ACV Auctions Inc.	−1,077,335	159,095	$674,562
RSKD	Riskified Ltd.	−847,394	546,680	$2,142,985
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
IOT	Samsara Inc.	129,786	$4,112,918
SAIL	SailPoint, Inc.	293,823	$3,890,216
TOST	Toast, Inc.	63,112	$1,673,099
FIG	Figma, Inc.	66,604	$1,408,008
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
CWAN	Clearwater Analytics Holdings, Inc.	683,114	$16,476,709
HGV	Hilton Grand Vacations Inc.	48,030	$2,149,342
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

12 positions · $115,407,385 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CPNG	Coupang, Inc. Consumer Cyclical	Added	1,553,907	+709,725	$29,337,764	+47.3%	25.42%
APP	AppLovin Corp Communication Services	Added	62,872	+10,007	$25,023,056	−29.8%	21.68%
OPLN	OPENLANE, Inc. Consumer Cyclical	Added	786,153	+33,933	$22,916,359	+2.3%	19.86%
GTLB	Gitlab Inc. Technology	Added	606,720	+203,905	$13,129,420	−13.2%	11.38%
APPF	Appfolio Inc Technology	Added	51,739	+15,573	$8,165,448	−3.0%	7.08%
IOT	Samsara Inc. Technology	NEW	129,786	NEW	$4,112,918	NEW	3.56%
SAIL	SailPoint, Inc. Technology	NEW	293,823	NEW	$3,890,216	NEW	3.37%
CLVT	Clarivate PLC Technology	Added	1,159,506	+574,256	$2,933,550	+50.1%	2.54%
RSKD	Riskified Ltd. Technology	Reduced	546,680	-847,394	$2,142,985	−69.1%	1.86%
TOST	Toast, Inc. Technology	NEW	63,112	NEW	$1,673,099	NEW	1.45%
FIG	Figma, Inc. Technology	NEW	66,604	NEW	$1,408,008	NEW	1.22%
ACVA	ACV Auctions Inc. Consumer Cyclical	Reduced	159,095	-1,077,335	$674,562	−93.2%	0.58%