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TB

Thoma Bravo Portfolio holdings

AUM $6.65B
1-Year Est. Return 29.42%
This Fund
S&P 500
This Quarter Est. Return
-8.09%
1 Year Est. Return
-29.42%
3 Year Est. Return
-12.69%
5 Year Est. Return
-9.56%
10 Year Est. Return
–
AUM
$10.2B
AUM Growth
-$1.49B
Cap. Flow
-$577M
Cap. Flow %
-5.67%
Top 10 Hldgs %
100%
Holding
4
New
–
Increased
–
Reduced
–
Closed
1

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
MLNK
MeridianLink
MLNK
+$577M

Sector Composition

Rank Sector Weight
1 Technology 100%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SAIL
1
SailPoint Inc
SAIL
$9.01B
$9.71B 95.4%
479,842,514
– –
NABL icon
2
N-able
NABL
$844M
$375M 3.68%
50,090,643
– –
TTAN
3
ServiceTitan Inc
TTAN
$8.03B
$93.3M 0.92%
1,039,099
– –
MLNK
4
DELISTED
MeridianLink
MLNK
– –
-28,932,388
Closed -$577M

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MSE
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NMIMC
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FLPIM
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SPS
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Thoma Bravo's Q4 2025 Portfolio in Review

As of Q4 2025, Thoma Bravo held 4 positions worth $10.2B, down 13% from $11.7B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Thoma Bravo withdrew a net $577M in Q4 2025, closing 1 position. Its most notable exit was MeridianLink, an estimated $577M position sold in full.

By sector, the portfolio is most concentrated in Technology at 100% of assets, unchanged from a quarter earlier.

  • Thoma Bravo fully exited MeridianLink in Q4 2025, selling an estimated $577M.
  • Thoma Bravo's ten largest holdings make up 100% of its $10.2B portfolio in Q4 2025.
  • Thoma Bravo opened 0 new positions and closed 1 in Q4 2025.
  • Thoma Bravo's portfolio value fell 13% quarter-over-quarter to $10.2B.

Based on Thoma Bravo's 13F filing for Q4 2025, filed 28 Jan 2026.