Stocks/Funds/CIK 1824827

True Wind Capital Management, L.P.

long-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1824827
Assets
$200M
-30.9% YoY
Holdings
2
Lifetime alpha vs market
-13.62% annual
Average hold time
4.5 yr
median 4.5 yr

Quarterly history

Cum return -15% vs S&P +52% · α -67% lifetimeAUM $200M · peak $412MFlow $-0M (-0%)2021-122022-092023-062024-032024-122025-092026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
+0.00%
baseline attrition
Rally response
+0.37%
adds into rallies
when a holding rises +10%+

Top positions · 2

Ticker$ value% portYoYHold time
CLBTCellebrite DI Ltd.$191M95.3%-29.1%4.5 yr
LPROOpen Lending Corporation$9M4.7%-54.7%4.5 yr

Portfolio composition (YoY)

Industry mix
Software - Infrastructure95.3%+2.5pp$191M
Financial - Credit Services4.7%-2.5pp$9M
Country
IL95.3%+2.5pp
US4.7%-2.5pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
LPRO$21M-0.01B-54.7%
CLBT$269M-0.08B-29.1%

Losers

TickerPrev $PnLYoY %
CLBT$269M-0.08B-29.1%
LPRO$21M-0.01B-54.7%

Top buys this quarter · 0

No buys this quarter

Top sells this quarter · 0

No sells this quarter

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$200M2-30.92%+17.59%-48.51%-0.00B
2025-12-31$262M2-25.34%+17.72%-43.06%-0.00B
2025-09-30$273M2-3.07%+17.52%-20.59%+0.00B
2025-06-30$236M2+12.92%+14.94%-2.02%+0.00B
2025-03-31$290M2+43.20%+8.30%+34.90%-0.00B
2024-12-31$350M2+87.74%+24.89%+62.86%+0.05B
2024-09-30$244M2+72.30%+36.04%+36.26%-0.03B
2024-06-30$202M2+15.02%+24.49%-9.47%+0.00B
2024-03-31$196M2+45.24%+29.62%+15.62%-0.17B
2023-12-31$337M3+64.82%+26.18%+38.64%+0.05B
2023-09-30$248M3+39.33%+21.57%+17.77%+0.03B
2023-06-30$247M3+20.78%+19.42%+1.35%-0.01B
2023-03-31$200M3-41.04%-7.82%-33.22%+0.00B
2022-12-31$162M3-3.40%+7.56%-10.96%+0.01B
2022-09-30$161M3-22.22%-4.93%-17.29%+0.01B
2022-06-30$200M3-36.30%-16.11%-20.19%+0.00B