Deepwater IPO Window Index


Index Performance




The Deepwater Public Private Index aims to track the performance of public tech companies with characteristics similar to pre-IPO private companies. The index benchmarks market optimism for new tech IPOs and late stage private valuations. The DPPI is constructed with companies that meet characteristics we believe reflect investor expectations for tech IPOs: - 20%+ forward year revenue growth - Forward year revenue over $200 million - $2 billion or greater market capitalization The DPPI is tier weighted — 50% of the index weight goes to the 1/3 of companies in the index with the largest market cap, 32% goes to the middle 1/3 of market cap, and 18% goes to the bottom 1/3 of market cap. The DPPI is reconstituted and rebalanced quarterly.

  • TickerDPPI
  • Inception Date08/27/2023
  • WeightingCustom
  • # of holdings36
What's inside?


All holdings as of April 18, 2024
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Mobileye Global, Inc. (MBLY)4.92%$2.93B11.24%50.36%16.24
The Trade Desk, Inc. (TTD)4.64%$35.66B23.34%81.21%17.91
Datadog, Inc. (DDOG)4.58%$37.80B27.06%80.70%19.19
Atlassian Corp. (TEAM)4.39%$30.70B21.47%81.44%15.72
ServiceNow, Inc. (NOW)4.33%$150.97B23.82%78.59%15.90
NVIDIA Corp. (NVDA)4.25%$2.10T125.85%72.72%24.74
Snowflake, Inc. (SNOW)4.17%$49.73B35.86%66.40%21.60
CrowdStrike Holdings, Inc. (CRWD)4.11%$67.37B36.33%75.17%22.46
Nu Holdings Ltd. (NU)4.05%$38.87B87.78%66.97%4.97
Tesla, Inc. (TSLA)4.04%$495.08B18.80%18.25%8.75
MercadoLibre, Inc. (MELI)4.03%$70.87B37.35%48.03%5.48
Advanced Micro Devices, Inc. (AMD)3.58%$248.92B-3.90%37.88%10.44
HubSpot, Inc. (HUBS)3.05%$32.10B25.38%84.08%13.07
DraftKings, Inc. (DKNG)2.81%$19.99B63.60%37.46%4.47
Gitlab, Inc. (GTLB)2.78%$6.97B36.66%89.77%17.21
Paycom Software, Inc. (PAYC)2.76%$10.75B23.16%73.72%6.95
MongoDB, Inc. (MDB)2.66%$24.93B31.07%74.15%16.49
Bill Holdings, Inc. (BILL)2.66%$6.56B22.50%77.05%6.62
Toast, Inc. (TOST)2.66%$9.94B41.52%21.35%2.24
Procore Technologies, Inc. (PCOR)2.58%$10.40B31.91%80.04%9.73
Zscaler, Inc. (ZS)2.52%$25.92B35.45%77.55%17.87
Samsara, Inc. (IOT)2.45%$6.51B43.65%73.65%18.07
monday.com Ltd. (MNDY)2.41%$9.04B40.59%88.95%11.00
Rivian Automotive, Inc. (RIVN)2.26%$8.47B167.43%-52.01%4.01
Smartsheet, Inc. (SMAR)1.58%$5.18B24.96%80.55%5.71
ACV Auctions, Inc. (ACVA)1.55%$2.51B14.16%45.20%4.45
Duolingo, Inc. (DUOL)1.50%$7.14B43.74%72.29%18.51
Sprout Social, Inc. (SPT)1.48%$2.60B31.44%77.14%10.18
Schrödinger, Inc. (SDGR)1.48%$1.58B19.73%64.66%10.82
SentinelOne, Inc. (S)1.48%$5.68B47.13%69.85%11.17
Affirm Holdings, Inc. (AFRM)1.47%$8.01B47.94%84.74%9.99
CyberArk Software Ltd. (CYBR)1.45%$9.98B27.07%79.44%11.62
JFrog Ltd. (FROG)1.43%$4.04B24.94%77.47%8.73
HashiCorp, Inc. (HCP)1.41%$2.98B22.54%81.36%5.10
Shift4 Payments, Inc. (FOUR)1.27%$3.55B28.65%20.82%2.33
Braze, Inc. (BRZE)1.23%$2.91B32.74%68.73%10.41
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