Long Path Partners LP
Long Path Partners LP reported 10 US-listed holdings worth $234.6 million in its 13F for the quarter ended 30 June 2026, filed 31 July 2026. Its largest: Ncino Inc. (25.4%), Mesa Labs Inc. (20.2%) and Alkami Technology Inc. (17.3%). Against the quarter before, it opened 1 position, added to 4, trimmed 5 and sold out of 0.
The 10 largest of its 10 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned -32.4% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 1
- SPS Commerce Inc. SPSC$10.3 million
Added to 4
- Alkami Technology Inc. ALKT+440,308 shares · +24%
- Mesa Labs Inc. MLAB+71,543 shares · +18%
- Veeva Systems Inc. VEEV+19,829 shares · +60%
- Tyler Technologies Inc. TYL+2,333 shares · +4%
Trimmed 5
- I3 Verticals Inc. IIIV-604,306 shares · -74%
- Ncino Inc. NCNO-780,503 shares · -18%
- Procore Technologies Inc. PCOR-32,290 shares · -15%
- TransDigm Group Inc. TDG-400 shares · -6%
- Corpay, Inc. CPAY-823 shares · -1%
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Ncino Inc. NCNO | 3.6M | $59.5 million | 25.36% | -780.5K |
| Mesa Labs Inc. MLAB | 477.1K | $47.5 million | 20.24% | +71.5K |
| Alkami Technology Inc. ALKT | 2.2M | $40.6 million | 17.29% | +440.3K |
| Corpay, Inc. CPAY | 87.5K | $29.2 million | 12.42% | -823 |
| Tyler Technologies Inc. TYL | 62.6K | $18.3 million | 7.81% | +2.3K |
| SPS Commerce Inc. SPSC | 180.9K | $10.3 million | 4.41% | new |
| Veeva Systems Inc. VEEV | 52.7K | $9.4 million | 3.99% | +19.8K |
| TransDigm Group Inc. TDG | 6.1K | $8.1 million | 3.45% | -400 |
| Procore Technologies Inc. PCOR | 176.9K | $7.2 million | 3.06% | -32.3K |
| I3 Verticals Inc. IIIV | 215.3K | $4.6 million | 1.96% | -604.3K |