Stocks/Funds/CIK 1742372

Circumference Group LLC

microcap filerlong-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1742372
Assets
$45M
-44.7% YoY
Holdings
13
Lifetime alpha vs market
-25.35% annual
Average hold time
1.8 yr
median 2.3 yr

Quarterly history

Cum return -27% vs S&P +41% · α -68% lifetimeAUM $45M · peak $107MFlow $-24M (-27%)2023-122024-062024-122025-062025-122026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+7.80%
adds when stocks drop
when a holding falls −10%+
Middle response
+2.08%
steady accumulation
Rally response
-8.36%
trims into rallies
when a holding rises +10%+

Top positions · 13

Ticker$ value% portYoYHold time
EXTRExtreme Networks, Inc.$5M12.0%+14.0%2.3 yr
RGPResources Connection, In$5M11.6%-39.4%2.5 yr
CNMCore & Main, Inc.$5M11.1%+2.3%0.8 yr
PATHUiPath Inc.$5M10.6%+7.8%2.3 yr
WIXWix.com Ltd.$5M10.1%-44.9%2.3 yr
CXMSprinklr, Inc.$4M8.2%-28.1%2.5 yr
UPWKUpwork Inc.$3M7.4%-16.0%2.5 yr
ICLRICON Public Limited Comp$3M7.2%-36.8%1.0 yr
TWLOTwilio Inc.$3M7.0%+28.5%2.5 yr
ZIZoomInfo Technologies In$2M4.7%2.0 yr
GLOBGlobant S.A.$2M4.3%-60.8%0.8 yr
AMPLAmplitude, Inc.$2M3.6%-33.1%1.8 yr
RPDRapid7, Inc.$1M2.2%-79.2%0.5 yr

Portfolio composition (YoY)

Industry mix
Software - Infrastructure29.9%-15.4pp$13M
Software - Application16.5%-9.7pp$7M
Communication Equipment12.0%+5.5pp$5M
Consulting Services11.6%+3.0pp$5M
Industrial - Distribution11.1%$5M
Staffing & Employment Services7.4%-4.0pp$3M
Medical - Diagnostics & Research7.2%$3M
Information Technology Services4.3%$2M
Country
US78.4%-13.3pp
IL10.1%
IE7.2%
LU4.3%
Top 5: 55.3% · Top 10: 89.8% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
TWLO$5M+0.00B28.5%
EXTR$5M+0.00B14.0%
PATH$5M+0.00B7.8%
AMPL$2M-0.00B-33.1%
CXM$3M-0.00B-28.1%

Losers

TickerPrev $PnLYoY %
RGP$7M-0.00B-39.4%
UPWK$6M-0.00B-16.0%
CXM$3M-0.00B-28.1%
AMPL$2M-0.00B-33.1%

Top buys this quarter · 6

EXTR Extreme Networks, Inc.+$1M
WIX Wix.com Ltd.+$1M
CNM Core & Main, Inc.+$0M
PATH UiPath Inc.+$5M
CXM Sprinklr, Inc.+$4M
ICLR ICON Public Limited Company+$3M

Top sells this quarter · 11

ZI ZoomInfo Technologies Inc.$0M
TWLO Twilio Inc.$5M
TDC Teradata Corporationexit$4M
KFY Korn Ferryexit$4M
AVTR Avantor, Inc.exit$2M
ONTF ON24, Inc.exit$2M
YEXT Yext, Inc.exit$2M
EPAM EPAM Systems, Inc.exit$2M
UPWK Upwork Inc.$1M
FIVN Five9, Inc.exit$1M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$45M13-18.09%+17.59%-35.68%-0.02B
2025-12-31$90M20-11.95%+17.72%-29.67%+0.00B
2025-09-30$85M22-1.89%+17.52%-19.41%-0.01B
2025-06-30$96M23-0.15%+14.94%-15.09%+0.01B
2025-03-31$81M21-10.39%+8.30%-18.69%-0.01B
2024-12-31$107M25+7.40%+24.89%-17.49%-0.00B
2024-09-30$95M26-0.63%+5.75%-6.39%+0.00B
2024-06-30$94M25-5.75%+4.38%-10.13%+0.00B
2024-03-31$97M29-0.79%+10.39%-11.18%+0.01B
2023-12-31$90M28