Kopion Asset Management, LLC — 13F Holdings & Portfolio
CIK 1728689 · latest 13F-HR filed 2026-10-09
Kopion Asset Management, LLC manages $156.5M in 13F-reported U.S. long-equity assets across 20 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are NICE (10.84%), CERT (9.01%), MGNI (8.38%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 0 new positions and exited 1; 7 existing positions rose in reported value and 10 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-10-09
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 73.9%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Feb 6, 2026.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| LEDBETTER, TERRY, LEE Control | PRESIDENT, SECRETARY, & CHIEF COMPLIANCE OFFICER since Aug 2009 | 75% or more | Individual |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- TYLER TECHNOLOGIES INC$4.0M +69.7%
- NICE LTD$3.7M +27.7%
- CERTARA INC$1.9M +15.8%
- ENERGY RECOVERY INC$1.0M +17.7%
- STRATASYS LTD$630.3K +7.8%
Top Trims
- VARONIS SYS INC-$3.6M -22.2%
- COGNEX CORP-$2.4M -36.3%
- HEXCEL CORP NEW-$1.3M -28.6%
- ACI WORLDWIDE INC-$795.3K -8.8%
- TRUPANION INC-$778.3K -6.0%
Kopion Asset Management, LLC Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NICE LTD | NICE | 653656108 | $17.0M | 10.84% | 152,509 | SH |
| 2 | CERTARA INC | CERT | 15687V109 | $14.1M | 9.01% | 1,532,364 | SH |
| 3 | MAGNITE INC | MGNI | 55955D100 | $13.1M | 8.38% | 519,164 | SH |
| 4 | VARONIS SYS INC | VRNS | 922280102 | $12.5M | 7.97% | 262,978 | SH |
| 5 | TRUPANION INC | TRUP | 898202106 | $12.2M | 7.78% | 521,250 | SH |
| 6 | SOUNDTHINKING INC | SSTI | 82536T107 | $10.6M | 6.80% | 1,280,901 | SH |
| 7 | TYLER TECHNOLOGIES INC | TYL | 902252105 | $9.7M | 6.22% | 30,545 | SH |
| 8 | POWERFLEET INC | AIOT | 73931J109 | $9.4M | 6.00% | 3,303,859 | SH |
| 9 | STRATASYS LTD | SSYS | M85548101 | $8.7M | 5.59% | 1,052,341 | SH |
| 10 | ACI WORLDWIDE INC | ACIW | 004498101 | $8.3M | 5.29% | 169,405 | SH |
| 11 | TENNANT CO | TNC | 880345103 | $8.2M | 5.24% | 121,980 | SH |
| 12 | ENERGY RECOVERY INC | ERII | 29270J100 | $6.8M | 4.34% | 1,018,133 | SH |
| 13 | TECHNIPFMC PLC | FTI | G87110105 | $6.5M | 4.17% | 95,973 | SH |
| 14 | COGNEX CORP | CGNX | 192422103 | $4.2M | 2.69% | 69,510 | SH |
| 15 | BORGWARNER INC | BWA | 099724106 | $4.0M | 2.58% | 67,249 | SH |
| 16 | CRYOPORT INC | CYRX | 229050307 | $3.5M | 2.24% | 201,399 | SH |
| 17 | HEXCEL CORP NEW | HXL | 428291108 | $3.3M | 2.14% | 39,913 | SH |
| 18 | SPDR SERIES TRUST | BIL | 78468R663 | $2.6M | 1.63% | 27,886 | SH |
| 19 | TREX INC | TREX | 89531P105 | $1.2M | 0.78% | 28,058 | SH |
| 20 | COHERENT CORP | COHR | 19247G107 | $467.7K | 0.30% | 1,625 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-09 | $156.5M | 20 | 0001728689-26-000008 |
| 2026-06-30 | 2026-07-07 | $158.2M | 21 | 0001728689-26-000005 |
| 2026-03-31 | 2026-04-10 | $128.5M | 20 | 0001728689-26-000003 |
| 2025-12-31 | 2026-01-05 | $139.9M | 18 | 0001728689-26-000001 |
MCKINNEY, TX 75069