Index Performance
+13.39%
TENNTM
+17.88%
SKYY
+46.62%
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 holdings21
What's inside?
Holdings
All holdings as of June 26, 2026
CSV download
| Qualys, Inc. (QLYS) | 5.06% | $4.34B | 10.60% | 83.43% | 3.96 |
| Five9, Inc. (FIVN) | 5.04% | $1.63B | 9.16% | 55.04% | 1.18 |
| Veeva Systems, Inc. (VEEV) | 4.98% | $27.84B | 16.32% | 74.98% | 5.63 |
| Bill Holdings, Inc. (BILL) | 4.95% | $3.54B | 13.50% | 77.59% | 2.45 |
| BlackLine, Inc. (BL) | 4.87% | $1.66B | 9.72% | 75.97% | 3.88 |
| Cloudflare, Inc. (NET) | 4.83% | $84.25B | 33.54% | 71.21% | 30.97 |
| Datadog, Inc. (DDOG) | 4.82% | $85.35B | 32.15% | 79.18% | 10.78 |
| Shopify, Inc. (SHOP) | 4.82% | $151.58B | 34.32% | 48.61% | 12.02 |
| AppFolio, Inc. (APPF) | 4.80% | $5.50B | 20.45% | 61.87% | 5.56 |
| HubSpot, Inc. (HUBS) | 4.78% | $9.50B | 23.36% | 83.46% | 3.45 |
| Okta, Inc. (OKTA) | 4.77% | $21.60B | 11.19% | 77.78% | 3.64 |
| Dynatrace, Inc. (DT) | 4.77% | $12.64B | 18.82% | 81.56% | 5.07 |
| Paylocity Holding Corp. (PCTY) | 4.76% | $5.69B | 10.50% | 71.29% | 3.30 |
| Zscaler, Inc. (ZS) | 4.74% | $21.39B | 25.43% | 76.88% | 6.09 |
| ServiceNow, Inc. (NOW) | 4.71% | $101.42B | 22.09% | 75.07% | 7.59 |
| Autodesk, Inc. (ADSK) | 4.65% | $41.41B | 19.63% | 83.74% | 6.66 |
| Paycom Software, Inc. (PAYC) | 4.65% | $6.15B | 7.80% | 76.64% | 3.26 |
| Adobe, Inc. (ADBE) | 4.63% | $80.59B | 12.69% | 88.64% | 4.19 |
| CrowdStrike Holdings, Inc. (CRWD) | 4.62% | $178.47B | 25.57% | 75.30% | 21.83 |
| Atlassian Corp. (TEAM) | 4.38% | $19.98B | 31.71% | 86.10% | 2.89 |
| MongoDB, Inc. (MDB) | 4.38% | $25.26B | 25.25% | 72.16% | 6.95 |
Market data by FactSet