Index Performance
+48.89%
TENNTM
+30.16%
SKYY
+2.41%
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 September 25, 2026
CSV download
| Datadog, Inc. (DDOG) | 5.43% | $96.28B | 35.64% | 78.56% | 23.42 |
| Shopify, Inc. (SHOP) | 5.15% | $182.97B | 33.69% | 47.53% | 10.83 |
| Five9, Inc. (FIVN) | 5.13% | $2.67B | 10.30% | 52.56% | 1.64 |
| Veeva Systems, Inc. (VEEV) | 5.02% | $45.44B | 17.60% | 75.00% | 7.68 |
| Cloudflare, Inc. (NET) | 5.02% | $124.28B | 35.87% | 71.76% | 34.34 |
| Okta, Inc. (OKTA) | 4.98% | $34.12B | 10.58% | 79.63% | 7.53 |
| MongoDB, Inc. (MDB) | 4.98% | $33.06B | 30.50% | 73.83% | 9.10 |
| CrowdStrike Holdings, Inc. (CRWD) | 4.94% | $258.16B | 25.83% | 74.58% | 36.16 |
| Dynatrace, Inc. (DT) | 4.89% | $16.75B | 16.17% | 81.30% | 5.70 |
| ServiceNow, Inc. (NOW) | 4.66% | $140.23B | 24.01% | 70.68% | 7.23 |
| Paylocity Holding Corp. (PCTY) | 4.64% | $7.61B | 11.04% | 68.02% | 3.15 |
| BlackLine, Inc. (BL) | 4.63% | $1.63B | 9.18% | 75.96% | 2.88 |
| HubSpot, Inc. (HUBS) | 4.61% | $10.66B | 19.81% | 82.36% | 2.36 |
| Qualys, Inc. (QLYS) | 4.59% | $5.97B | 11.92% | 83.67% | 6.30 |
| Zscaler, Inc. (ZS) | 4.56% | $31.48B | 25.42% | 76.38% | 6.74 |
| Atlassian Corp. (TEAM) | 4.55% | $47.52B | 26.02% | 85.30% | 3.08 |
| Paycom Software, Inc. (PAYC) | 4.54% | $9.76B | 9.84% | 74.66% | 3.06 |
| Autodesk, Inc. (ADSK) | 4.49% | $43.76B | 16.78% | 84.46% | 6.27 |
| AppFolio, Inc. (APPF) | 4.43% | $7.23B | 19.34% | 61.73% | 5.28 |
| Adobe, Inc. (ADBE) | 4.40% | $91.64B | 12.89% | 88.12% | 4.48 |
| Bill Holdings, Inc. (BILL) | 4.33% | $3.77B | 13.03% | 76.87% | 2.08 |
Market data by FactSet