DOSSIER · 13F-HR · Q1 2026

SAPPHIRE VENTURES, L.L.C.

$99M in tracked AUM across 4 positions as of Q1 2026.

SV
CIK 0001697665 · last filed Mar 31, 2026
Total AUM
$99M
as of Q1 2026
Holdings
4
positions
Whale Score
65
65
tracked
Activity
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

Sapphire Ventures, L.L.C. presents a highly concentrated portfolio with a total value of $73.14 million as of the report date September 30, 2025. The portfolio underwent a significant reduction in value, decreasing by 19.2% from the previous quarter's $90.49 million. This reduction is attributable to a combination of realized losses from an exited position and potential unrealized depreciation in existing holdings. The fund maintains a narrow focus with only five holdings...

Key Holdings

The portfolio is dominated by Braze Inc. (BRZE), which occupies the largest position at $47.38 million, representing 64.77% of the total portfolio. With 1.67 million shares held, this position indicates a massive foundational bet on the customer engagement platform. The second-largest holding is AvidXchange Holdings Inc., valued at $18.57 million (25.39% of the portfolio). Together, these two companies form the core of the fund's capital deployment.

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
NTSK
NETSKOPE INC
$48M5.7M48.4%
02
BRZE
BRAZE INC
$39M1.7M39.5%
03
KLTR
KALTURA INC
$10M8.0M9.8%
04
PATH
UIPATH INC
$2M200K2.2%

Filing history

2026Q1Mar 31
$99M 33.9%
4 positionsView →
2025Q4Dec 31
$74M 1.6%
4 positionsView →
2025Q3Sep 30
$73M 19.2%
5 positionsView →
2025Q2Jun 30
$90M 0.4%
6 positionsLocked
2025Q1Mar 31
$90M 27.7%
5 positionsLocked
2024Q4Dec 31
$125M 30.1%
7 positionsLocked
2024Q3Sep 30
$96M 18.5%
7 positionsLocked
2024Q2Jun 30
$118M 12.5%
7 positionsLocked
2024Q1Mar 31
$134M 19.5%
7 positionsLocked
2023Q4Dec 31
$167M 3.9%
9 positionsLocked
2023Q3Sep 30
$174M 4.6%
9 positionsLocked
2023Q2Jun 30
$182M 23.9%
9 positionsLocked
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