Index Performance
+42.25%
TENNTM
+25.69%
SKYY
+5.97%
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 August 11, 2026
CSV download
| Atlassian Corp. (TEAM) | 6.41% | $39.10B | 26.02% | 84.49% | 3.08 |
| Qualys, Inc. (QLYS) | 5.77% | $6.51B | 11.92% | 83.67% | 6.30 |
| Five9, Inc. (FIVN) | 5.76% | $2.44B | 10.30% | 52.56% | 1.64 |
| Paycom Software, Inc. (PAYC) | 5.70% | $9.40B | 9.84% | 74.66% | 3.06 |
| Bill Holdings, Inc. (BILL) | 5.15% | $4.93B | 13.50% | 77.59% | 2.45 |
| Veeva Systems, Inc. (VEEV) | 5.13% | $38.43B | 16.32% | 74.98% | 5.63 |
| Paylocity Holding Corp. (PCTY) | 4.85% | $7.70B | 11.04% | 68.02% | 3.15 |
| Zscaler, Inc. (ZS) | 4.78% | $28.87B | 25.43% | 76.88% | 6.09 |
| Shopify, Inc. (SHOP) | 4.70% | $196.07B | 33.69% | 47.53% | 10.83 |
| AppFolio, Inc. (APPF) | 4.67% | $7.19B | 19.34% | 61.73% | 5.28 |
| Cloudflare, Inc. (NET) | 4.67% | $109.31B | 35.87% | 71.76% | 34.34 |
| MongoDB, Inc. (MDB) | 4.57% | $35.32B | 25.25% | 72.16% | 6.95 |
| ServiceNow, Inc. (NOW) | 4.56% | $131.88B | 24.01% | 70.68% | 7.23 |
| Adobe, Inc. (ADBE) | 4.50% | $104.82B | 12.69% | 88.64% | 4.19 |
| Autodesk, Inc. (ADSK) | 4.46% | $53.09B | 19.63% | 83.74% | 6.66 |
| CrowdStrike Holdings, Inc. (CRWD) | 4.37% | $225.95B | 25.57% | 75.30% | 21.83 |
| Okta, Inc. (OKTA) | 4.31% | $26.13B | 11.19% | 77.78% | 3.64 |
| HubSpot, Inc. (HUBS) | 4.24% | $11.00B | 19.81% | 82.36% | 2.36 |
| Dynatrace, Inc. (DT) | 4.08% | $14.35B | 16.17% | 81.30% | 5.70 |
| Datadog, Inc. (DDOG) | 3.71% | $88.61B | 35.64% | 78.56% | 23.42 |
| BlackLine, Inc. (BL) | 3.61% | $1.63B | 9.18% | 75.96% | 2.88 |
Market data by FactSet