THEMATIC
10X NTM REVENUE MULTIPLE INDEX

TENNTM

$TENNTM

Index Performance

+10.71%
TENNTM
+15.20%
SKYY
+17.29%
QTEC

Overview

Description

Based on the research by Jamin Ball (@jaminball) on his Clouded Judgement Substack where he analyzed cloud software companies that at one point in time were trading at >10x NTM revenue. This is an Index that tracks the 22 companies that hit >10x NTM revenue at some point, 33% ended up with a CAGR >20% from the time they hit 10x to today.

  • TickerTENNTM
  • Inception Date11/18/2022
  • WeightingEqual
  • # of holdings22
What's inside?

Holdings

All holdings as of February 29, 2024
CSV download
AppFolio, Inc. (APPF)5.96%$5.27B31.48%57.34%9.90
Okta, Inc. (OKTA)5.67%$16.96B21.80%74.33%5.56
Veeva Systems, Inc. (VEEV)5.49%$36.31B9.68%70.73%12.67
CrowdStrike Holdings, Inc. (CRWD)5.48%$73.79B35.31%75.06%14.31
Cloudflare, Inc. (NET)5.09%$29.40B32.97%76.32%21.24
HubSpot, Inc. (HUBS)4.88%$31.36B25.38%84.08%13.07
ServiceNow, Inc. (NOW)4.86%$158.12B23.82%78.59%15.90
Zscaler, Inc. (ZS)4.80%$35.89B35.45%78.19%N/A
Datadog, Inc. (DDOG)4.71%$40.22B27.06%80.70%19.19
Autodesk, Inc. (ADSK)4.68%$55.23B11.16%89.94%10.04
MongoDB, Inc. (MDB)4.68%$32.31B29.77%74.63%15.11
Paylocity Holding Corp. (PCTY)4.48%$9.50B19.54%66.32%7.01
Shopify, Inc. (SHOP)4.37%$92.22B26.07%49.39%13.81
Adobe, Inc. (ADBE)4.21%$253.25B11.12%86.98%14.32
BlackLine, Inc. (BL)4.01%$3.49B12.82%73.73%8.02
Dynatrace, Inc. (DT)3.99%$14.67B22.74%79.92%11.48
Smartsheet, Inc. (SMAR)3.98%$5.75B23.22%80.87%5.29
Atlassian Corp. (TEAM)3.97%$32.64B21.47%81.44%15.72
Paycom Software, Inc. (PAYC)3.95%$10.50B23.16%73.72%6.95
Qualys, Inc. (QLYS)3.80%$6.35B13.03%80.55%12.66
Bill Holdings, Inc. (BILL)3.66%$6.66B22.50%77.05%6.62
Five9, Inc. (FIVN)3.27%$4.47B16.90%51.39%6.30
Market data by FactSet

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