Long Path Partners LP Diversified Active

CIK: 0001905112 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $292,409 (100.0% shares, 0.0% debt)

Holdings (7)

New Positions (1)

MLAB MESA LABS INC 6.1%

Value ($000) $17,837 Shares 227,223 Est. Cost $75.96 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MLAB	MESA LABS INC	227,223	$17,837	6.1%	$75.96	0.0%	COM	59064R109

Increased Positions (3)

ALKT ALKAMI TECHNOLOGY INC 24.8%

Value ($000) $72,466 (+13.6%) Shares 3,141,115 (+22.3%) Est. Cost $25.49 Unrealized -13.4%

IIIV I3 VERTICALS INC 9.4%

Value ($000) $27,543 (-18.4%) Shares 1,093,418 (+5.2%) Est. Cost $22.19 Unrealized +26.8%

NCNO NCINO INC 32.1%

Value ($000) $94,002 (+3.0%) Shares 3,666,222 (+8.9%) Est. Cost $28.42 Unrealized -10.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ALKT	ALKAMI TECHNOLOGY INC	3,141,115 (+22.3%)	$72,466 (+13.6%)	24.8%	$25.49	-13.4%	COM	01644J108
IIIV	I3 VERTICALS INC	1,093,418 (+5.2%)	$27,543 (-18.4%)	9.4%	$22.19	+26.8%	COM CL A	46571Y107
NCNO	NCINO INC	3,666,222 (+8.9%)	$94,002 (+3.0%)	32.1%	$28.42	-10.7%	COM	63947X101

Exited Positions (1)

IWM ISHARES TR 0.2%

Value ($000) $517 Shares 2,135 Est. Cost $241.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	2,135	$517	0.2%	$241.96	—	—	464287655

Decreased Positions (2)

DCBO DOCEBO INC 7.4%

Value ($000) $21,647 (-22.0%) Shares 975,088 (-4.0%) Est. Cost $34.03 Unrealized -29.8%

PCOR PROCORE TECHNOLOGIES INC 6.2%

Value ($000) $18,246 (-10.4%) Shares 250,832 (-10.1%) Est. Cost $68.78 Unrealized +7.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DCBO	DOCEBO INC	975,088 (-4.0%)	$21,647 (-22.0%)	7.4%	$34.03	-29.8%	COM	25609L105
PCOR	PROCORE TECHNOLOGIES INC	250,832 (-10.1%)	$18,246 (-10.4%)	6.2%	$68.78	+7.5%	COM	74275K108

Unchanged Positions (1)

CPAY CORPAY INC 13.9%

Value ($000) $40,669 Shares 135,144 Est. Cost $306.09 Unrealized -5.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CPAY	CORPAY INC	135,144	$40,669	13.9%	$306.09	-5.2%	COM SHS	219948106