Index Performance
-3.81%
TENNTM
+9.94%
SKYY
+29.17%
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 May 13, 2026
CSV download
| Datadog, Inc. (DDOG) | 7.84% | $45.68B | 27.68% | 79.93% | 13.49 |
| CrowdStrike Holdings, Inc. (CRWD) | 6.57% | $113.65B | 21.71% | 74.81% | 22.08 |
| Five9, Inc. (FIVN) | 6.50% | $1.27B | 10.28% | 54.21% | 1.63 |
| MongoDB, Inc. (MDB) | 5.54% | $20.38B | 22.79% | 71.75% | 11.30 |
| Atlassian Corp. (TEAM) | 5.22% | $18.94B | 23.31% | 84.67% | 7.37 |
| Paycom Software, Inc. (PAYC) | 5.18% | $5.90B | 8.95% | 71.18% | 4.22 |
| Zscaler, Inc. (ZS) | 4.81% | $21.79B | 25.91% | 76.01% | 10.09 |
| Bill Holdings, Inc. (BILL) | 4.79% | $3.68B | 14.37% | 74.78% | 3.22 |
| Okta, Inc. (OKTA) | 4.77% | $13.44B | 11.84% | 77.36% | 4.46 |
| Adobe, Inc. (ADBE) | 4.55% | $99.21B | 11.97% | 89.07% | 4.40 |
| Autodesk, Inc. (ADSK) | 4.45% | $50.10B | 17.80% | 90.28% | 7.57 |
| Paylocity Holding Corp. (PCTY) | 4.43% | $5.51B | 10.39% | 66.52% | 4.96 |
| Dynatrace, Inc. (DT) | 4.36% | $10.53B | 18.18% | 81.41% | 6.23 |
| AppFolio, Inc. (APPF) | 4.33% | $5.99B | 20.45% | 61.87% | 5.56 |
| Qualys, Inc. (QLYS) | 4.29% | $3.01B | 9.89% | 82.89% | 6.65 |
| Cloudflare, Inc. (NET) | 4.27% | $72.88B | 29.85% | 74.51% | 31.41 |
| Veeva Systems, Inc. (VEEV) | 4.04% | $26.32B | 16.34% | 75.20% | 8.63 |
| Shopify, Inc. (SHOP) | 3.90% | $163.86B | 30.14% | 47.88% | 17.72 |
| ServiceNow, Inc. (NOW) | 3.77% | $92.97B | 22.09% | 75.07% | 7.59 |
| HubSpot, Inc. (HUBS) | 3.30% | $11.78B | 19.17% | 83.76% | 6.36 |
| BlackLine, Inc. (BL) | 3.08% | $1.83B | 7.21% | 75.07% | 5.46 |
Market data by FactSet