SEC 13F Intelligence

Managers / Q4 2021 · view latest →

True Wind Capital Management, L.P.

CIK 0001824827 · FOUR EMBARCADERO CENTER, SUITE 2100, SAN FRANCISCO, CA, 94111 · 415-780-9975

Reported Value
$412M
Q4 2021
Positions
3
Filings on Record
19
2019–present window
Filed
Feb 4, 2022
original filing

Summary

True Wind Capital Management, L.P. reported $412M in U.S.-listed holdings across 3 positions for Q4 2021.

The portfolio is heavily concentrated: LPRO alone accounts for 41.2% of reported value.

Portfolio Metrics

Largest Position
+41.2%
Open Lending

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’21: $412MQ4 ’21Q1 ’22: $312MQ2 ’22: $200MQ3 ’22: $161MQ3 ’22Q4 ’22: $162MQ1 ’23: $200MQ2 ’23: $247MQ2 ’23Q3 ’23: $248MQ4 ’23: $337MQ1 ’24: $196MQ1 ’24Q2 ’24: $202MQ3 ’24: $244MQ4 ’24: $350MQ4 ’24Q1 ’25: $290MQ2 ’25: $236MQ3 ’25: $273MQ3 ’25Q4 ’25: $262MQ1 ’26: $200MQ2 ’26: $226MQ2 ’26filingsflow.com

Portfolio Composition

By security type
Other: 58.8%Common Stock: 41.2%
  • Other · 58.8% · $242M
  • Common Stock · 41.2% · $170M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
LPROOPEN LENDING CORPNEW+7.55M7.55M+$170M$170M
ROVER GROUP INCNEW+13.80M13.80M+$135M$135M
CELLEBRITE DI LTDNEW+13.39M13.39M+$107M$107M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2021

3 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LPROOPEN LENDING CORPhistory →COM CL A41.22%$170M7.55M
2ROVER GROUP INCCOM CL A32.69%$135M13.80M
3CELLEBRITE DI LTDORDINARY SHARES26.09%$107M13.39M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$226M2Jul 16, 202613F-HRchanges · EDGAR ↗
Q1 2026$200M2May 6, 202613F-HRchanges · EDGAR ↗
Q4 2025$262M2Jan 23, 202613F-HRchanges · EDGAR ↗
Q3 2025$273M2Oct 23, 202513F-HRchanges · EDGAR ↗
Q2 2025$236M2Jul 24, 202513F-HRchanges · EDGAR ↗
Q1 2025$290M2Apr 30, 202513F-HRchanges · EDGAR ↗
Q4 2024$350M2Feb 5, 202513F-HRchanges · EDGAR ↗
Q3 2024$244M2Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$202M2Aug 7, 202413F-HRchanges · EDGAR ↗
Q1 2024$196M2Apr 24, 202413F-HRchanges · EDGAR ↗
Q4 2023$337M3Feb 5, 202413F-HRchanges · EDGAR ↗
Q3 2023$248M3Nov 8, 202313F-HRchanges · EDGAR ↗
Q2 2023$247M3Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$200M3May 1, 202313F-HRchanges · EDGAR ↗
Q4 2022$162M3Feb 1, 202313F-HRchanges · EDGAR ↗
Q3 2022$161M3Oct 20, 202213F-HRchanges · EDGAR ↗
Q2 2022$200M3Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$312M3Apr 26, 202213F-HRchanges · EDGAR ↗
Q4 2021$412M3Feb 4, 202213F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.