Index Performance
-27.49%
TENNTM
-18.21%
SKYY
-4.20%
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 February 12, 2026
CSV download
| Cloudflare, Inc. (NET) | 5.94% | $64.78B | 29.85% | 74.43% | 31.41 |
| Okta, Inc. (OKTA) | 5.91% | $15.05B | 11.58% | 77.09% | 5.03 |
| Datadog, Inc. (DDOG) | 5.64% | $44.59B | 27.68% | 79.93% | 13.49 |
| CrowdStrike Holdings, Inc. (CRWD) | 5.37% | $103.75B | 22.18% | 74.96% | 29.03 |
| MongoDB, Inc. (MDB) | 5.20% | $29.04B | 18.69% | 70.88% | 11.67 |
| Bill Holdings, Inc. (BILL) | 5.20% | $4.59B | 14.37% | 74.78% | 3.22 |
| Dynatrace, Inc. (DT) | 5.19% | $10.90B | 18.18% | 81.41% | 6.23 |
| Five9, Inc. (FIVN) | 5.06% | $1.30B | 8.20% | 54.19% | 1.98 |
| Veeva Systems, Inc. (VEEV) | 4.86% | $28.27B | 16.02% | 75.09% | 13.85 |
| AppFolio, Inc. (APPF) | 4.72% | $6.33B | 19.72% | 61.30% | 8.66 |
| Autodesk, Inc. (ADSK) | 4.67% | $47.38B | 18.32% | 84.03% | 9.50 |
| Adobe, Inc. (ADBE) | 4.63% | $107.76B | 10.42% | 88.61% | 5.75 |
| Paycom Software, Inc. (PAYC) | 4.62% | $6.74B | 8.95% | 78.59% | 4.22 |
| Zscaler, Inc. (ZS) | 4.61% | $27.25B | 25.50% | 76.25% | 18.01 |
| Qualys, Inc. (QLYS) | 4.61% | $3.76B | 9.92% | 82.85% | 6.65 |
| Paylocity Holding Corp. (PCTY) | 4.28% | $5.61B | 10.39% | 66.52% | 4.96 |
| BlackLine, Inc. (BL) | 4.18% | $2.29B | 7.21% | 75.07% | 5.46 |
| ServiceNow, Inc. (NOW) | 4.17% | $108.04B | 20.88% | 77.53% | 11.78 |
| Shopify, Inc. (SHOP) | 4.09% | $144.66B | 30.14% | 47.88% | 17.72 |
| HubSpot, Inc. (HUBS) | 3.69% | $12.07B | 19.17% | 83.76% | 6.36 |
| Atlassian Corp. (TEAM) | 3.37% | $22.89B | 23.31% | 84.67% | 7.37 |
Market data by FactSet