Cypress Point Investment Management

Quarters on file

Each quarter on file, back to June 2016 when the filing exists. Net bought is the share change from the previous quarter at that quarter’s close. A split that leaves the dollar value in place counts as flat.

• Q2 202626 names$464M+$43.5M
• Q1 202623 names$344M+$129M
• Q4 202523 names · $3K in calls, not in the total$359M—

What moved the book

The five software lines with the largest share change this quarter.

• ServiceTitanTTAN+$39.4M$25.6M
• PaymentusPAY+$18.2M$21.3M
• MongoDBMDB+$13.5M$7.9M
• ProcorePCOR+$12.4M$27.7M
• GuidewireGWRE+$9.8M$7.3M

Software held

• Bandwidth Inc.BAND1,583,199 shares · 8.2% of their software · price +$3.8M$28.2M+$1.2M
• ProcorePCOR485,624 shares · 8.0% of their software · price −$7.6M$27.7M+$12.4M
• Sportradar Group AGSRAD1,650,473 shares · 8.0% of their software · price −$11.6M$27.6M+$8.9M
• ServiceTitanTTAN403,602 shares · 7.4% of their software · price −$17.4M$25.6M+$39.4M
• Blend Labs, Inc.BLND14,537,172 shares · 7.2% of their software · price −$19.5M$24.7M+$8.2M
• Q2QTWO490,791 shares · 6.7% of their software · price −$12.2M$23.2M+$2.2M
• JFrogFROG463,936 shares · 6.3% of their software · price −$7.2M$21.8M+$2.5M
• PaymentusPAY839,633 shares · 6.2% of their software · price −$5.2M$21.3M+$18.2M
• FreshworksFRSH2,529,388 shares · 5.9% of their software · price −$10.7M$20.3M+$5.8M
• SentinelOneS1,351,046 shares · 5.1% of their software · price −$2.9M$17.4M−$4.4M
• ElasticESTC312,312 shares · 4.5% of their software · price −$7.9M$15.6M+$1.7M
• DatadogDDOG115,448 shares · 4.0% of their software · price −$2.1M$13.6M+$6.5M
• DynatraceDT304,545 shares · 3.3% of their software · price −$1.9M$11.3M+$8.9M
• AkamaiAKAM97,199 shares · 3.2% of their software · price +$2.7M$11.2M+$1.3M
• SnowflakeSNOW62,321 shares · 2.7% of their software · price −$4.3M$9.4M+$7.6M
• MongoDBMDB32,140 shares · 2.3% of their software · price −$5.6M$7.9MNew · +$13.5M
• GuidewireGWRE48,589 shares · 2.1% of their software · price −$2.5M$7.3MNew · +$9.8M
• SailPointSAIL527,249 shares · 2.0% of their software · price −$3.7M$7.0M+$5.1M
• VertexVERX535,901 shares · 1.8% of their software · price −$4.3M$6.4M+$6.2M
• WorkivaWK102,698 shares · 1.8% of their software · price −$2.7M$6.1MNew · +$8.9M
• CloudflareNET24,931 shares · 1.5% of their software$5.1M−$1.2M
• nCinoNCNO275,161 shares · 1.2% of their software · price −$2.9M$4.1M−$1.2M
• UnityU75,692 shares · 0.5% of their software · price −$1.7M$1.7MNew · +$3.3M