VISTA EQUITY PARTNERS MANAGEMENT, LLC

Fundamental concentrated ★Signal technology specialist (65%) CIK 1569532
Long book
$42.7M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
+78.6%
SPY +14.8%
Turnover
33%
of book per quarter

Strategy in plain words

auto-generated from filings

VISTA EQUITY PARTNERS MANAGEMENT, LLC is a concentrated fundamental stock-picker, specialised in technology (65% of the long book), running a $42.7M US long book across 2 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: NAVAN INC-CL A, KLARNA GROUP PLC.

Over the last 5 quarters its long book ran on average 0.5pp per quarter ahead of the S&P 500, beating the index in 1 of 5 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
+2.3%
Q2 2024
+2.5%
Q3 2025
-21.1%
Q4 2025
-36.5%
Q1 2026
+78.6%

Sector allocation

Technology
65%
Financials
35%

Long book by quarter

$3.74B
Q1 2024
$3.76B
Q2 2024
$3.47B
Q3 2024
$1.68B
Q4 2024
$1.08B
Q1 2025
$971.6M
Q2 2025
$1.19B
Q3 2025
$666.7M
Q4 2025
$42.7M
Q1 2026

What does VISTA EQUITY own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NAVN NAVAN INC-CL ATechnology2.1M$27.6M64.8%-17.8%
KLAR KLARNA GROUP PLCFinancials1.1M$15.0M35.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20262$42.7M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20263$666.7M canonicalSEC ↗
Q3 202513F-HRNov 14, 20253$1.19B canonicalSEC ↗
Q2 202513F-HRAug 14, 20252$971.6M canonicalSEC ↗
Q1 202513F-HRMay 15, 20252$1.08B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20253$1.68B canonicalSEC ↗
Q3 202413F-HRNov 14, 20244$3.47B canonicalSEC ↗
Q2 202413F-HRAug 14, 202434$3.76B canonicalSEC ↗
Q1 202413F-HRMay 15, 202434$3.74B canonicalSEC ↗