Index Performance
-25.03%
TENNTM
-15.15%
SKYY
-6.16%
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 March 12, 2026
CSV download
| Cloudflare, Inc. (NET) | 6.80% | $67.69B | 29.85% | 74.51% | 31.41 |
| CrowdStrike Holdings, Inc. (CRWD) | 5.75% | $107.43B | 21.71% | 74.67% | 22.08 |
| Datadog, Inc. (DDOG) | 5.68% | $43.14B | 27.68% | 79.93% | 13.49 |
| Okta, Inc. (OKTA) | 5.49% | $14.12B | 11.84% | 77.36% | 4.36 |
| Dynatrace, Inc. (DT) | 5.40% | $11.69B | 18.18% | 81.41% | 6.23 |
| Autodesk, Inc. (ADSK) | 5.22% | $55.73B | 17.80% | 90.28% | 7.57 |
| Veeva Systems, Inc. (VEEV) | 5.11% | $32.23B | 16.34% | 75.20% | 8.63 |
| Five9, Inc. (FIVN) | 4.96% | $1.40B | 10.28% | 54.21% | 1.63 |
| Paycom Software, Inc. (PAYC) | 4.88% | $7.42B | 8.95% | 71.18% | 4.22 |
| Adobe, Inc. (ADBE) | 4.76% | $115.65B | 10.42% | 88.61% | 5.75 |
| AppFolio, Inc. (APPF) | 4.73% | $6.83B | 19.72% | 61.30% | 8.66 |
| Shopify, Inc. (SHOP) | 4.67% | $175.97B | 30.14% | 47.88% | 17.72 |
| ServiceNow, Inc. (NOW) | 4.56% | $125.92B | 20.88% | 77.53% | 11.78 |
| Paylocity Holding Corp. (PCTY) | 4.54% | $6.25B | 10.39% | 66.52% | 4.96 |
| Bill Holdings, Inc. (BILL) | 4.44% | $4.47B | 14.37% | 74.78% | 3.22 |
| Qualys, Inc. (QLYS) | 4.26% | $3.55B | 9.89% | 82.89% | 6.65 |
| HubSpot, Inc. (HUBS) | 4.15% | $15.37B | 19.17% | 83.76% | 6.36 |
| Zscaler, Inc. (ZS) | 4.09% | $26.04B | 25.91% | 76.01% | 10.09 |
| BlackLine, Inc. (BL) | 3.85% | $2.24B | 7.21% | 75.07% | 5.46 |
| MongoDB, Inc. (MDB) | 3.80% | $21.48B | 22.79% | 71.72% | 11.29 |
| Atlassian Corp. (TEAM) | 2.86% | $21.84B | 23.31% | 84.67% | 7.37 |
Market data by FactSet