TFJ Management, LLC

SOMERVILLE, MA · CIK 2056069 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2021 · limited liability company

As an employer

$153.4m reported value +46.9% vs Q1 2026

10positions

100.0%in top 10

2 new 5 added 1 reduced 4 sold out vs Q1 2026

Options: 1 call positions ($10.1m notional), 1 put positions ($42.6m notional) – listed below, not included above.

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLOVIN CORP COM CL A APP	APP	64,420	$33.2m21.63%	21.63%	Added +1.5k	+1,548 2.5%
2	OPENLANE INC COM OPLN	OPLN	786,153	$32.4m21.13%	21.13%	Unchanged
3	WISE GROUP PLC ORD SHS CLASS A WSE	WSE	2,259,114	$26.9m17.53%	17.53%	New
4	COUPANG INC CL A CPNG	CPNG	1,086,770	$18.9m12.30%	12.30%	Added +112.5k	+112,463 11.5%
5	GITLAB INC CLASS A COM GTLB	GTLB	477,631	$14.6m9.50%	9.50%	Reduced -129.1k	-129,089 -21.3%
6	TOAST INC CL A TOST	TOST	350,565	$9.8m6.36%	6.36%	Added +287.5k	+287,453 455.5%
7	SAILPOINT INC COM SAIL	SAIL	459,627	$6.7m4.39%	4.39%	Added +165.8k	+165,804 56.4%
8	SAMSARA INC COM CL A IOT	IOT	129,786	$4.2m2.74%	2.74%	Unchanged
9	TRADEWEB MKTS INC CL A TW	TW	39,092	$3.9m2.54%	2.54%	New
10	CLARIVATE PLC ORD SHS CLVT	CLVT	1,332,798	$2.9m1.88%	1.88%	Added +173.3k	+173,292 14.9%

Security	Ticker	Shares held before	Value then
APPFOLIO INC APPF	APPF	51,739	$8.2m51.7k shares
RISKIFIED LTD RSKD	RSKD	546,680	$2.1m546.7k shares
FIGMA INC FIG	FIG	66,604	$1.4m66.6k shares
ACV AUCTIONS INC		159,095	$674.6k159.1k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
ISHARES INC EWY · Put	EWY	Put	211,000	$42.6m211.0k shares	Unchanged
COUPANG INC CPNG · Call	CPNG	Call	579,600	$10.1m579.6k shares	Unchanged