Kopion Asset Management, LLC Long-Term Concentrated

Location: McKinney, TX

CIK: 0001728689 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Oct 9, 2026

Total Value: $156M (100.0% shares, 0.0% debt)

Holdings (20)

Increased Positions (7)

TYL TYLER TECHNOLOGIES INC 6.2%

Value $9.732M (+69.7%) Shares 30,545 (+55.8%) Share Price $318.60 Est. Cost/Share $328.00 Unrealized @ Report Date -2.9%

NICE NICE LTD 10.8%

Value $16.97M (+27.7%) Shares 152,509 (+4.3%) Share Price $111.27 Est. Cost/Share $139.52 Unrealized @ Report Date -20.2%

ERII ENERGY RECOVERY INC 4.3%

Value $6.791M (+17.7%) Shares 1,018,133 (+59.2%) Share Price $6.67 Est. Cost/Share $10.91 Unrealized @ Report Date -38.9%

SSYS STRATASYS LTD 5.6%

Value $8.745M (+7.8%) Shares 1,052,341 (+11.0%) Share Price $8.31 Est. Cost/Share $13.02 Unrealized @ Report Date -36.2%

SSTI SOUNDTHINKING INC 6.8%

Value $10.64M (+5.5%) Shares 1,280,901 (+14.9%) Share Price $8.31 Est. Cost/Share $12.12 Unrealized @ Report Date -31.5%

TNC TENNANT CO 5.2%

Value $8.199M (-6.2%) Shares 121,980 (+22.1%) Share Price $67.22 Est. Cost/Share $73.28 Unrealized @ Report Date -8.3%

AIOT POWERFLEET INC 6.0%

Value $9.383M (+1.1%) Shares 3,303,859 (+36.3%) Share Price $2.84 Est. Cost/Share $4.23 Unrealized @ Report Date -32.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TYL	TYLER TECHNOLOGIES INC	30,545 (+55.8%)	$9.732M (+69.7%)	6.2%	$318.60	$328.00	-2.9%	COM	902252105
NICE	NICE LTD	152,509 (+4.3%)	$16.97M (+27.7%)	10.8%	$111.27	$139.52	-20.2%	SPONSORED ADR	653656108
ERII	ENERGY RECOVERY INC	1,018,133 (+59.2%)	$6.791M (+17.7%)	4.3%	$6.67	$10.91	-38.9%	COM	29270J100
SSYS	STRATASYS LTD	1,052,341 (+11.0%)	$8.745M (+7.8%)	5.6%	$8.31	$13.02	-36.2%	SHS	M85548101
SSTI	SOUNDTHINKING INC	1,280,901 (+14.9%)	$10.64M (+5.5%)	6.8%	$8.31	$12.12	-31.5%	COM	82536T107
TNC	TENNANT CO	121,980 (+22.1%)	$8.199M (-6.2%)	5.2%	$67.22	$73.28	-8.3%	COM	880345103
AIOT	POWERFLEET INC	3,303,859 (+36.3%)	$9.383M (+1.1%)	6.0%	$2.84	$4.23	-32.8%	COM	73931J109

Exited Positions (1)

SLP SIMULATIONS PLUS INC 2.2%

Value $3.38M Shares 184,614 Share Price $18.31 Est. Cost/Share $26.34 Unrealized @ Report Date -30.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SLP	SIMULATIONS PLUS INC	184,614	$3.38M	2.2%	$18.31	$26.34	-30.0%	—	829214105

Decreased Positions (12)

VRNS VARONIS SYS INC 8.0%

Value $12.48M (-22.2%) Shares 262,978 (-31.2%) Share Price $47.45 Est. Cost/Share $35.66 Unrealized @ Report Date +33.0%

CGNX COGNEX CORP 2.7%

Value $4.216M (-36.3%) Shares 69,510 (-23.9%) Share Price $60.65 Est. Cost/Share $41.59 Unrealized @ Report Date +45.8%

CERT CERTARA INC 9.0%

Value $14.1M (+15.8%) Shares 1,532,364 (-17.6%) Share Price $9.20 Est. Cost/Share $9.13 Unrealized @ Report Date +0.8%

HXL HEXCEL CORP NEW 2.1%

Value $3.349M (-28.6%) Shares 39,913 (-14.8%) Share Price $83.92 Est. Cost/Share $61.81 Unrealized @ Report Date +35.8%

ACIW ACI WORLDWIDE INC 5.3%

Value $8.281M (-8.8%) Shares 169,405 (-6.1%) Share Price $48.88 Est. Cost/Share $37.38 Unrealized @ Report Date +30.8%

BWA BORGWARNER INC 2.6%

Value $4.042M (-12.3%) Shares 67,249 (-3.1%) Share Price $60.11 Est. Cost/Share $33.85 Unrealized @ Report Date +77.6%

BIL SPDR SERIES TRUST 1.6%

Value $2.555M (-12.4%) Shares 27,886 (-12.4%) Share Price $91.64 Est. Cost/Share $91.59 Unrealized @ Report Date +0.1%

MGNI MAGNITE INC 8.4%

Value $13.11M (+2.4%) Shares 519,164 (-23.0%) Share Price $25.26 Est. Cost/Share $14.69 Unrealized @ Report Date +72.0%

CYRX CRYOPORT INC 2.2%

Value $3.504M (+7.2%) Shares 201,399 (-3.3%) Share Price $17.40 Est. Cost/Share $9.03 Unrealized @ Report Date +92.6%

TREX TREX INC 0.8%

Value $1.222M (-15.7%) Shares 28,058 (-3.1%) Share Price $43.56 Est. Cost/Share $41.48 Unrealized @ Report Date +5.0%

COHR COHERENT CORP 0.3%

Value $468K (-29.4%) Shares 1,625 (-3.3%) Share Price $287.81 Est. Cost/Share $49.13 Unrealized @ Report Date +485.8%

FTI TECHNIPFMC PLC 4.2%

Value $6.518M (-0.7%) Shares 95,973 (-3.1%) Share Price $67.92 Est. Cost/Share $8.04 Unrealized @ Report Date +745.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VRNS	VARONIS SYS INC	262,978 (-31.2%)	$12.48M (-22.2%)	8.0%	$47.45	$35.66	+33.0%	COM	922280102
CGNX	COGNEX CORP	69,510 (-23.9%)	$4.216M (-36.3%)	2.7%	$60.65	$41.59	+45.8%	COM	192422103
CERT	CERTARA INC	1,532,364 (-17.6%)	$14.1M (+15.8%)	9.0%	$9.20	$9.13	+0.8%	COM	15687V109
HXL	HEXCEL CORP NEW	39,913 (-14.8%)	$3.349M (-28.6%)	2.1%	$83.92	$61.81	+35.8%	COM	428291108
ACIW	ACI WORLDWIDE INC	169,405 (-6.1%)	$8.281M (-8.8%)	5.3%	$48.88	$37.38	+30.8%	COM	004498101
BWA	BORGWARNER INC	67,249 (-3.1%)	$4.042M (-12.3%)	2.6%	$60.11	$33.85	+77.6%	COM	099724106
BIL	SPDR SERIES TRUST	27,886 (-12.4%)	$2.555M (-12.4%)	1.6%	$91.64	$91.59	+0.1%	ST STR BLO 1 ETF	78468R663
MGNI	MAGNITE INC	519,164 (-23.0%)	$13.11M (+2.4%)	8.4%	$25.26	$14.69	+72.0%	COM	55955D100
CYRX	CRYOPORT INC	201,399 (-3.3%)	$3.504M (+7.2%)	2.2%	$17.40	$9.03	+92.6%	COM PAR $0.001	229050307
TREX	TREX INC	28,058 (-3.1%)	$1.222M (-15.7%)	0.8%	$43.56	$41.48	+5.0%	COM	89531P105
COHR	COHERENT CORP	1,625 (-3.3%)	$468K (-29.4%)	0.3%	$287.81	$49.13	+485.8%	COM	19247G107
FTI	TECHNIPFMC PLC	95,973 (-3.1%)	$6.518M (-0.7%)	4.2%	$67.92	$8.04	+745.1%	COM	G87110105

Unchanged Positions (1)

TRUP TRUPANION INC 7.8%

Value $12.18M Shares 521,250 Share Price $23.36 Est. Cost/Share $33.93 Unrealized @ Report Date -31.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TRUP	TRUPANION INC	521,250	$12.18M	7.8%	$23.36	$33.93	-31.2%	COM	898202106