13F Insight
DOSSIER · 13F-HR · Q1 2026

Long Path Partners LP

$220M in tracked AUM across 9 positions as of Q1 2026.

LP
CIK 0001905112 · last filed Mar 31, 2026
Total AUM
$220M
as of Q1 2026
Holdings
9
—
positions
Whale Score
69
69
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026
Comprehensive Analysis of Long Path Partners LP 13F Filing (Q3 2025)
1. Portfolio Overview

Long Path Partners LP presents a highly concentrated, high-conviction investment portfolio characterized by a sharp reduction in assets under management (AUM) and an extremely narrow focus. As of the report date September 30, 2025, the total portfolio value stands at approximately $236.92 million, representing a significant decline of 19.6% from the $294.57 million reported in the previous quarter.

...

2. Key Holdings

The portfolio is entirely dominated by technology stocks, specifically within the software vertical. The top five positions are as follows:

  • NCINO INC (NCNO): Remaining the largest position, NCNO accounts for 38.52% of the portfolio ($91.25M). Despite a reduction in shares, this remains the firm's highest conviction bet.
  • ALKAMI TECHNOLOGY INC (ALKT): Now the second-largest holding, representing 26.93% of the portfolio ($63.81M). This position saw substantial expansion during the quarter.
  • I3 VERTICALS INC (IIIV): A smaller, focused software holding comprising 14.25% of the portfolio ($33.75M).
  • DOCEBO INC: Represents 11.71% of the portfolio ($27.75M).
  • PROCORE TECHNOLOGIES INC: The smallest of the five core holdings, accounting for 8.59% ($20.36M).

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
NCNO
NCINO INC
$66M4.4M30.1%02
MLAB
MESA LABS INC
$36M406K16.3%03
ALKT
ALKAMI TECHNOLOGY INC
$28M1.8M12.8%04
CPAY
CORPAY INC
$26M88K11.7%05
TYL
TYLER TECHNOLOGIES INC
$21M60K9.4%06
IIIV
I3 VERTICALS INC
$18M820K8.3%07
PCOR
PROCORE TECHNOLOGIES INC
$12M209K5.4%08
TDG
TRANSDIGM GROUP INC
$8M6K3.4%09
VEEV
VEEVA SYS INC
$6M33K2.6%

Filing history

2026Q1Mar 31
$220M▼ 24.7%
9 positionsView →2025Q4Dec 31
$292M▲ 23.4%
7 positionsView →2025Q3Sep 30
$237M▼ 19.6%
5 positionsView →2025Q2Jun 30
$295M▲ 43.3%
6 positionsLocked2025Q1Mar 31
$206M▼ 33.4%
7 positionsLocked2024Q4Dec 31
$309M▲ 0.1%
11 positionsLocked2024Q3Sep 30
$308M▲ 22.2%
10 positionsLocked2024Q2Jun 30
$252M▲ 32.8%
10 positionsLocked2024Q1Mar 31
$190M▼ 10.5%
9 positionsLocked2023Q4Dec 31
$212M▲ 6.4%
9 positionsLocked2023Q3Sep 30
$200M▼ 12.2%
9 positionsLocked2023Q2Jun 30
$227M▼ 1.9%
20 positionsLocked
Showing 12 of 16