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13-F holdings, Q3 2026

Kopion Asset Management, LLC

A 13-F is the report large US investment managers file with the SEC each quarter, listing the stocks they held at quarter end.

Reported value
$156.5M
Positions
20
Filed
Data as of

These holdings are as of , 44 days ago.

13-Fs for Q4 2026 are due by .

See this manager's Holder IQ and how the book overlaps yours

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Top holdings

  1. NICE$17M
    152,509 shares10.8% of the book
  2. CERT$14.1M
    1,532,364 shares9% of the book
  3. MGNI$13.1M
    519,164 shares8.4% of the book
  4. VRNS$12.5M
    262,978 shares8% of the book
  5. TRUP$12.2M
    521,250 shares7.8% of the book
  6. SSTI$10.6M
    1,280,901 shares6.8% of the book
  7. TYL$9.7M
    30,545 shares6.2% of the book
  8. AIOT$9.4M
    3,303,859 shares6% of the book
  9. SSYS$8.7M
    1,052,341 shares5.6% of the book
  10. ACIW$8.3M
    169,405 shares5.3% of the book

What changed this quarter

0 new positions and 1 sold out, against Q2 2026. Added and trimmed positions use the change in split-adjusted shares at the Q3 2026 implied price; full exits use their Q2 2026 reported value, not sale proceeds.

Largest buys

  • TYL

    TYLER TECHNOLOGIES INC

    +$3.5M

    +55.8% shares

    Your stake and evidence for TYL

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q2 2026 and Q3 2026.

    Displayed change: +$3.5M. The current book reports 30,545 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    30,545 current shares − 19,605 prior shares on the same basis = +10,940 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 3485484.0000000005 USD. Current reported shares: 30545. Prior shares on current basis: 19605.

  • ERII

    ENERGY RECOVERY INC

    +$2.5M

    +59.2% shares

    Your stake and evidence for ERII

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q2 2026 and Q3 2026.

    Displayed change: +$2.5M. The current book reports 1,018,133 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    1,018,133 current shares − 639,545 prior shares on the same basis = +378,588 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 2525181.919097014 USD. Current reported shares: 1018133. Prior shares on current basis: 639545.

  • AIOT

    POWERFLEET INC

    +$2.5M

    +36.3% shares

    Your stake and evidence for AIOT

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q2 2026 and Q3 2026.

    Displayed change: +$2.5M. The current book reports 3,303,859 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    3,303,859 current shares − 2,424,288 prior shares on the same basis = +879,571 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 2497981.7571391515 USD. Current reported shares: 3303859. Prior shares on current basis: 2424288.

  • TNC

    TENNANT CO

    +$1.5M

    +22.1% shares

    Your stake and evidence for TNC

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q2 2026 and Q3 2026.

    Displayed change: +$1.5M. The current book reports 121,980 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    121,980 current shares − 99,878 prior shares on the same basis = +22,102 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 1485696.5124774554 USD. Current reported shares: 121980. Prior shares on current basis: 99878.

  • SSTI

    SOUNDTHINKING INC

    +$1.4M

    +14.9% shares

    Your stake and evidence for SSTI

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q2 2026 and Q3 2026.

    Displayed change: +$1.4M. The current book reports 1,280,901 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    1,280,901 current shares − 1,114,648 prior shares on the same basis = +166,253 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 1381562.389763924 USD. Current reported shares: 1280901. Prior shares on current basis: 1114648.

Largest sells

  • VRNS

    VARONIS SYS INC

    −$5.7M

    -31.2% shares

    Your stake and evidence for VRNS

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares decreased between Q2 2026 and Q3 2026.

    Displayed change: −$5.7M. The current book reports 262,978 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    262,978 current shares − 382,088 prior shares on the same basis = -119,110 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -5651769.454707238 USD. Current reported shares: 262978. Prior shares on current basis: 382088.

  • MGNI

    MAGNITE INC

    −$3.9M

    -23% shares

    Your stake and evidence for MGNI

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares decreased between Q2 2026 and Q3 2026.

    Displayed change: −$3.9M. The current book reports 519,164 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    519,164 current shares − 674,451 prior shares on the same basis = -155,287 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -3922549.7276795 USD. Current reported shares: 519164. Prior shares on current basis: 674451.

  • SLP

    SIMULATIONS PLUS INC

    −$3.4M

    Sold out, was 2.1% of the book

    Your stake and evidence for SLP

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    The position reported in Q2 2026 is absent from the comparable Q3 2026 book.

    Displayed change: −$3.4M. This was 2.1% of the prior book.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    A full exit is shown as the negative of its prior reported value, not sale proceeds or a value at today's price.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -3380282 USD. Current reported shares: not recorded. Prior shares on current basis: 184614.

  • CERT

    CERTARA INC

    −$3M

    -17.6% shares

    Your stake and evidence for CERT

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares decreased between Q2 2026 and Q3 2026.

    Displayed change: −$3M. The current book reports 1,532,364 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    1,532,364 current shares − 1,858,539 prior shares on the same basis = -326,175 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -3000810.0425714776 USD. Current reported shares: 1532364. Prior shares on current basis: 1858539.

  • CGNX

    COGNEX CORP

    −$1.3M

    -23.9% shares

    Your stake and evidence for CGNX

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares decreased between Q2 2026 and Q3 2026.

    Displayed change: −$1.3M. The current book reports 69,510 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    69,510 current shares − 91,319 prior shares on the same basis = -21,809 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q2 2026 and Q3 2026; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -1322716.0068767085 USD. Current reported shares: 69510. Prior shares on current basis: 91319.

What was sold out, by size

  • 1 real positions, 0.25% of the book or more

All of this comes from the filer's public SEC filings. A 13-F shows long positions in US-listed securities at quarter end and can leave out short positions, cash and non-US holdings, so it is not the whole portfolio. This is filing data, not investment advice.