Kopion Asset Management, LLC
Long book
$128.5M
Q1 2026
Positions
20
Top-10 weight
72%
concentration
Last quarter
+28.6%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsKopion Asset Management, LLC is a concentrated fundamental stock-picker, specialised in technology (62% of the long book), running a $128.5M US long book across 20 positions.
The portfolio is concentrated: the top 10 names carry 72% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NICE LTD - SPON ADR, TENNANT CO, VARONIS SYSTEMS INC, TRUPANION INC, MAGNITE INC.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.5%
Q2 2024
+8.8%
Q3 2024
+2.5%
Q4 2024
-6.8%
Q1 2025
+16.0%
Q2 2025
+6.8%
Q3 2025
-9.2%
Q4 2025
-7.7%
Q1 2026
+28.6%
Sector allocation
Technology 58%
Industrials 27%
Financials 9%
Materials 4%
Healthcare 2%
Other 1%
Long book by quarter
What does Kopion Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TNC TENNANT CO | Industrials | 171.6K | $11.4M | 8.9% | +39.4% |
| VRNS VARONIS SYSTEMS INC | Technology | 495.7K | $10.6M | 8.3% | +49.3% |
| TRUP TRUPANION INC | Financials | 399.7K | $10.2M | 8.0% | +36.1% |
| MGNI MAGNITE INC | Technology | 855.9K | $10.2M | 7.9% | +39.3% |
| AIOT POWERFLEET INC | Technology | 2.4M | $7.5M | 5.8% | +56.8% |
| ACIW ACI WORLDWIDE INC | Technology | 181.3K | $7.4M | 5.8% | +31.3% |
| FTI TECHNIPFMC PLC | Industrials | 107.2K | $7.4M | 5.8% | -57.0% |
| CERT CERTARA INC | Technology | 1.3M | $7.3M | 5.7% | +31.1% |
| SSYS STRATASYS LTD | Technology | 926.8K | $7.2M | 5.6% | -0.9% |
| BWA BORGWARNER INC | Industrials | 121.0K | $6.6M | 5.1% | -39.0% |
| SSTI SOUNDTHINKING INC | Technology | 972.3K | $6.4M | 5.0% | 0.0% |
| ERII ENERGY RECOVERY INC | Industrials | 507.0K | $5.1M | 4.0% | +51.6% |
| CGNX COGNEX CORP | Technology | 96.1K | $4.7M | 3.7% | -41.1% |
| HXL HEXCEL CORP | Materials | 54.4K | $4.4M | 3.4% | -28.2% |
| SLP SIMULATIONS PLUS INC | Technology | 222.4K | $2.6M | 2.0% | +65.5% |
| CYRX CRYOPORT INC | Healthcare | 209.2K | $1.7M | 1.3% | New |
| TYL TYLER TECHNOLOGIES INC | Technology | 3.8K | $1.3M | 1.0% | New |
| COHR COHERENT CORP | Other | 2.6K | $631K | 0.5% | -88.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 10, 2026 | 20 | $128.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 5, 2026 | 18 | $139.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 14, 2025 | 19 | $154.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 8, 2025 | 20 | $148.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 8, 2025 | 20 | $128.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 14, 2025 | 20 | $142.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 19 | $138.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 12, 2024 | 18 | $140.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 18 | $140.7M | canonical | SEC ↗ |