S SQUARED TECHNOLOGY, LLC
Long book
$264.2M
Q1 2026
Positions
35
Top-10 weight
63%
concentration
Last quarter
+37.9%
SPY +14.8%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsS SQUARED TECHNOLOGY, LLC is a concentrated fundamental stock-picker, running a $264.2M US long book across 35 positions.
The portfolio is concentrated: the top 10 names carry 63% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: LATTICE SEMICONDUCTOR CORP, KRYSTAL BIOTECH INC, SYMBOTIC INC, IPG PHOTONICS CORP, PROTO LABS INC.
Over the last 9 quarters its long book ran on average 5.4pp per quarter ahead of 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
+3.7%
Q2 2024
+7.0%
Q3 2024
+16.5%
Q4 2024
-15.3%
Q1 2025
+29.9%
Q2 2025
+12.8%
Q3 2025
-4.0%
Q4 2025
+0.8%
Q1 2026
+37.9%
Sector allocation
Technology 52%
Industrials 23%
Healthcare 9%
Financials 7%
Other 5%
Services media 3%
Long book by quarter
What does S SQUARED own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LSCC LATTICE SEMICONDUCTOR CORP | Technology | 342.0K | $31.7M | 12.0% | -4.0% |
| KRYS KRYSTAL BIOTECH INC | Healthcare | 86.2K | $22.3M | 8.4% | -10.4% |
| SYM SYMBOTIC INC | Industrials | 369.1K | $19.6M | 7.4% | +39.8% |
| IPGP IPG PHOTONICS CORP | Technology | 153.9K | $17.6M | 6.7% | +6.9% |
| PRLB PROTO LABS INC | Industrials | 296.1K | $16.9M | 6.4% | -3.3% |
| ALGM ALLEGRO MICROSYSTEMS INC | Technology | 457.5K | $14.4M | 5.5% | Held |
| DAVE DAVE INC | Financials | 75.0K | $13.1M | 4.9% | +22.3% |
| KTOS KRATOS DEFENSE & SECURITY | Industrials | 174.5K | $12.3M | 4.7% | -5.4% |
| OLED UNIVERSAL DISPLAY CORP | Technology | 126.0K | $11.5M | 4.4% | +13.5% |
| FIVN FIVE9 INC | Technology | 535.2K | $8.1M | 3.1% | +24.4% |
| ATI ATI INC | Industrials | 55.0K | $8.0M | 3.0% | -31.3% |
| POWI POWER INTEGRATIONS INC | Technology | 136.9K | $7.0M | 2.7% | +5.3% |
| 628 SEMRUSH HOLDINGS INC-A | — | 550.1K | $6.6M | 2.5% | Held |
| ARLO ARLO TECHNOLOGIES INC | Services media | 459.8K | $6.5M | 2.5% | -11.5% |
| SLAB SILICON LABORATORIES INC | Technology | 28.0K | $5.8M | 2.2% | -71.4% |
| PUBM PUBMATIC INC-CLASS A | Technology | 676.4K | $5.5M | 2.1% | +140.7% |
| FTK FLOTEK INDUSTRIES INC | Other | 303.7K | $5.2M | 2.0% | +15.2% |
| AMBQ AMBIQ MICRO INC | Technology | 192.8K | $4.9M | 1.9% | New |
| MGNI MAGNITE INC | Technology | 402.9K | $4.8M | 1.8% | Held |
| GTX GARRETT MOTION INC | Industrials | 245.0K | $4.5M | 1.7% | New |
| CMRC COMMERCE.COM INC | Technology | 1.6M | $4.3M | 1.6% | +32.4% |
| SMWB SIMILARWEB LTD | Technology | 1.6M | $4.2M | 1.6% | +106.4% |
| TREE LENDINGTREE INC | Financials | 90.8K | $3.9M | 1.5% | New |
| GDYN GRID DYNAMICS HOLDINGS INC | Technology | 636.7K | $3.6M | 1.4% | Held |
| EVER EVERQUOTE INC - CLASS A | Technology | 223.1K | $3.4M | 1.3% | +193.4% |
| ASUR ASURE SOFTWARE INC | Technology | 399.4K | $3.4M | 1.3% | Held |
| CXM SPRINKLR INC-A | Technology | 451.7K | $2.7M | 1.0% | -21.0% |
| APPS DIGITAL TURBINE INC | Financials | 762.8K | $2.2M | 0.8% | +16.7% |
| UTE0 CANTALOUPE INC | — | 197.8K | $2.1M | 0.8% | Held |
| GAIA GAIA INC | Services media | 723.3K | $2.0M | 0.8% | Held |
| KLTR KALTURA INC | Technology | 1.5M | $1.8M | 0.7% | +14.8% |
| EGHT 8X8 INC | Technology | 934.2K | $1.6M | 0.6% | Held |
| DCGO DOCGO INC | Healthcare | 2.1M | $1.3M | 0.5% | Held |
| AMPL AMPLITUDE INC-CLASS A | Technology | 150.4K | $1.0M | 0.4% | New |
| MTSI MACOM TECHNOLOGY SOLUTIONS H | Technology | 1.0K | $222K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | May 15, 2026 | 35 | $264.2M | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | May 14, 2026 | 35 | $264.2M | SEC ↗ | |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 32 | $258.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 36 | $263.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 35 | $237.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 16, 2025 | 33 | $195.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 35 | $240.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 33 | $234.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 35 | $226.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 35 | $217.8M | canonical | SEC ↗ |
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