SAPPHIRE VENTURES, L.L.C.
Long book
$99.4M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
+19.1%
SPY +14.8%
Turnover
40%
of book per quarter
Strategy in plain words
auto-generated from filingsSAPPHIRE VENTURES, L.L.C. is a diversified fundamental manager, specialised in technology (100% of the long book), running a $99.4M US long book across 4 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NETSKOPE INC-CL A, BRAZE INC-A, KALTURA INC, UIPATH INC - CLASS A.
Over the last 9 quarters its long book ran on average 7.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-13.7%
Q2 2024
-12.6%
Q3 2024
+33.4%
Q4 2024
-14.1%
Q1 2025
-15.5%
Q2 2025
-6.4%
Q3 2025
+15.4%
Q4 2025
-30.2%
Q1 2026
+19.1%
Sector allocation
Technology 100%
Long book by quarter
What does SAPPHIRE VENTURES, own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 4 | $99.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 4 | $74.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 6 | $84.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 6 | $90.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 6 | $105.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 7 | $124.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 7 | $95.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 7 | $117.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 7 | $134.3M | canonical | SEC ↗ |