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Livermore
Livermore
ZHEN

True Wind Capital Management, L.P.

SEC CIK
0001824827
Latest filing
Jul 16, 2026

The latest 13F from True Wind Capital Management, L.P. covers Q2 2026 (filed Jul 16, 2026): 2 long positions worth $225.8M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Cellebrite DI Ltd. (CLBT) at 89.6%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
0
Added
0
Reduced
0
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. CLBTCellebrite DI Ltd.
    89.6%$202.4MHistory
  2. LPROOpen Lending Corp
    10.4%$23.5MHistory

Share of portfolio

Each position's share of portfolio value

  1. CLBT89.6%
  2. LPRO10.4%

Biggest buys

New and added positions, by estimated amount bought

None this quarter.

Largest weight increases

New and added positions, by percentage points of the portfolio gained

None this quarter.

Biggest sells

Reduced and sold-out positions, by estimated amount sold

None this quarter.

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

None this quarter.

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$225.8M
+$25.4M (+12.7%) vs. prior quarter
Positions
2
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
0.0%
Q2 2026, one quarter
Average holding period
19.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $411.5M (Q4 2021)

Q4 2021: $411.5MQ1 2022: $311.8MQ2 2022: $199.8MQ3 2022: $161.4MQ4 2022: $162.4MQ1 2023: $200.1MQ2 2023: $246.7MQ3 2023: $248.1MQ4 2023: $337.4MQ1 2024: $195.6MQ2 2024: $202.1MQ3 2024: $243.7MQ4 2024: $350.4MQ1 2025: $290.1MQ2 2025: $236.4MQ3 2025: $272.8MQ4 2025: $261.6MQ1 2026: $200.4MQ2 2026: $225.8M
Q4 2021Q2 2026
13F filings of True Wind Capital Management, L.P. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 16, 20262$225.8MCLBTLPROvs. Q1 2026SEC
Q1 2026May 6, 20262$200.4MCLBTLPROvs. Q4 2025SEC
Q4 2025Jan 23, 20262$261.6MCLBTLPROvs. Q3 2025SEC
Q3 2025Oct 23, 20252$272.8MCLBTLPROvs. Q2 2025SEC
Q2 2025Jul 24, 20252$236.4MCLBTLPROvs. Q1 2025SEC
Q1 2025Apr 30, 20252$290.1MCLBTLPROvs. Q4 2024SEC
Q4 2024Feb 5, 20252$350.4MCLBTLPROvs. Q3 2024SEC
Q3 2024Nov 13, 20242$243.7MCLBTLPROvs. Q2 2024SEC
Q2 2024Aug 7, 20242$202.1MCLBTLPROvs. Q1 2024SEC
Q1 2024Apr 24, 20242$195.6MCLBTLPROvs. Q4 2023SEC
Q4 2023Feb 5, 20243$337.4MROVRCLBTLPROvs. Q3 2023SEC
Q3 2023Nov 8, 20233$248.1MCLBTROVRLPROvs. Q2 2023SEC
Q2 2023Aug 14, 20233$246.7MCLBTLPROROVRvs. Q1 2023SEC
Q1 2023May 1, 20233$200.1MCLBTROVRLPROvs. Q4 2022SEC
Q4 2022Feb 1, 20233$162.4MCLBTROVRLPROvs. Q3 2022SEC
Q3 2022Oct 20, 20223$161.4MLPROCLBTROVRvs. Q2 2022SEC
Q2 2022Jul 18, 20223$199.8MLPROCLBTROVRvs. Q1 2022SEC
Q1 2022Apr 26, 20223$311.8MLPROCLBTROVRvs. Q4 2021SEC
Q4 2021Feb 4, 20223$411.5MLPROROVRCLBT–SEC

13D and 13G filings

Companies where True Wind Capital Management, L.P. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

True Wind Capital Management, L.P. does not currently report owning 5% or more of any company.

Latest filings

1 filing on file made by True Wind Capital Management, L.P. or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by True Wind Capital Management, L.P.
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
CLBTCellebrite DI Ltd.Mar 20, 20254:30 PM ETTWC Tech Holdings II, LLCand 6 others13D/A6.10%14.7M shares–Mar 18, 2025SEC