Lead Edge Capital Management, LLC
Long book
$407.9M
Q1 2026
Positions
12
Top-10 weight
99%
concentration
Last quarter
+17.6%
SPY +14.8%
Turnover
57%
of book per quarter
Strategy in plain words
auto-generated from filingsLead Edge Capital Management, LLC is a concentrated fundamental stock-picker, specialised in technology (85% of the long book), running a $407.9M US long book across 12 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: WORKDAY INC-CLASS A, REMITLY GLOBAL INC, APPIAN CORP-A, MONGODB INC, VEEVA SYSTEMS INC-CLASS A.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 6 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
-2.4%
Q2 2024
+15.3%
Q3 2024
+7.7%
Q4 2024
-7.4%
Q1 2025
+18.1%
Q2 2025
+9.2%
Q3 2025
+3.8%
Q4 2025
-29.4%
Q1 2026
+17.6%
Sector allocation
Technology 85%
Services media 15%
Long book by quarter
What does Lead Edge own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WDAY WORKDAY INC-CLASS A | Technology | 615.7K | $80.0M | 19.6% | New |
| RELY REMITLY GLOBAL INC | Services media | 3.8M | $59.1M | 14.5% | -7.1% |
| APPN APPIAN CORP-A | Technology | 1.9M | $45.9M | 11.3% | +18.5% |
| MDB MONGODB INC | Technology | 170.4K | $41.7M | 10.2% | +33.1% |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 214.4K | $37.7M | 9.2% | New |
| TOST TOAST INC-CLASS A | Technology | 1.3M | $34.6M | 8.5% | New |
| APPF APPFOLIO INC - A | Technology | 210.3K | $33.2M | 8.1% | New |
| YEXT YEXT INC | Technology | 7.8M | $30.1M | 7.4% | -38.7% |
| NCNO NCINO INC | Technology | 1.7M | $25.3M | 6.2% | Held |
| PCOR PROCORE TECHNOLOGIES INC | Technology | 309.6K | $17.6M | 4.3% | New |
| EQPT EQUIPMENTSHARE.COM INC-A | Services media | 110.0K | $2.2M | 0.5% | New |
| LIF LIFE360 INC | Technology | 8.8K | $361K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 12 | $407.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 8 | $389.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 8 | $378.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 9 | $361.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 10 | $329.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 9 | $295.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 10 | $345.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 10 | $313.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 10 | $325.3M | canonical | SEC ↗ |