Vector Capital Management, L.P.: 13F holdings, Q3 2025
Hedge fund · SEC EDGAR filings (CIK 1857418) · Explore on the interactive board
Vector Capital Management, L.P. disclosed 3 US equity positions worth $24.4m in its Q3 2025 13F filing (holdings as of September 30, 2025, filed November 14, 2025). Its largest position is CMBMF at 52.6% of the reported book, followed by PMTS, LPSN. The top ten holdings are 100.0% of the book, and the portfolio behaves like about 3 equal-weight positions. Versus the prior filing it opened 0 new positions, added to 1, reduced 1 and exited 0. Note: this manager's most recent filing is 3 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Vector Capital Management, L.P. own? Top holdings as of September 30, 2025
Change is measured in shares against the previous filing (Q2 2025), so price moves do not read as decisions. This quarter: 0 new, 1 added, 1 reduced, 0 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | CMBMF CAMBIUM NETWORKS CORP | Technology | 52.6% | $12.8m | 14,325,696 | 0% | held |
| 2 | PMTS CPI CARD GROUP INC | 28.5% | $7.0m | 459,314 | 19% | added | |
| 3 | LPSN LIVEPERSON INC | Technology | 18.9% | $4.6m | 7,883,818 | -28% | reduced |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 71.5% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Vector Capital Management, L.P.'s portfolio?
Across every quarter Vector Capital Management, L.P. has filed, its median largest position is 45.3% of the book and its median top-ten weight is 100.0%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%).