TFJ Management, LLC

Key Holdings

The portfolio is anchored by AppLovin Corp (APP), which remains the dominant position despite a significant reduction. Valued at $39.15 million, it accounts for 27.57% of the portfolio. While the firm reduced this stake by 30% ($11.90 million), it remains a core holding, suggesting continued confidence in the company's long-term prospects despite taking profits or managing risk.

The second and third positions, Coupang Inc (CPNG) and OpenLane Inc (OPLN), represent 17.70% and 12.53% of the portfolio, respectively. These positions appear to have been relatively stable or increased, reinforcing their status as key pillars of the fund's strategy.