Index Performance
+8.63%
TENNTM
+6.11%
SKYY
+10.87%
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 June 20, 2025
CSV download
| Five9, Inc. (FIVN) | 4.76% | $2.05B | 13.24% | 54.03% | 2.43 |
| Okta, Inc. (OKTA) | 4.76% | $17.41B | 11.51% | 77.47% | 7.30 |
| Bill Holdings, Inc. (BILL) | 4.76% | $4.50B | 10.89% | 78.17% | 2.95 |
| Paylocity Holding Corp. (PCTY) | 4.76% | $9.76B | 13.27% | 70.34% | 6.74 |
| Dynatrace, Inc. (DT) | 4.76% | $16.30B | 18.75% | 80.35% | 7.82 |
| HubSpot, Inc. (HUBS) | 4.76% | $28.19B | 15.67% | 83.88% | 10.43 |
| BlackLine, Inc. (BL) | 4.76% | $3.41B | 6.01% | 75.48% | 4.87 |
| MongoDB, Inc. (MDB) | 4.76% | $16.47B | 21.85% | 70.65% | 5.50 |
| Datadog, Inc. (DDOG) | 4.76% | $44.03B | 24.59% | 79.28% | 11.80 |
| Shopify, Inc. (SHOP) | 4.76% | $138.53B | 26.81% | 49.28% | 12.67 |
| Atlassian Corp. (TEAM) | 4.76% | $49.89B | 14.09% | 83.62% | 10.88 |
| Adobe, Inc. (ADBE) | 4.76% | $160.64B | 10.62% | 88.44% | 7.92 |
| AppFolio, Inc. (APPF) | 4.76% | $8.04B | 16.15% | 60.61% | 9.57 |
| Qualys, Inc. (QLYS) | 4.76% | $4.93B | 9.33% | 81.94% | 6.81 |
| Zscaler, Inc. (ZS) | 4.76% | $47.17B | 22.57% | 77.01% | 13.06 |
| Cloudflare, Inc. (NET) | 4.76% | $62.15B | 26.54% | 75.88% | 21.76 |
| Paycom Software, Inc. (PAYC) | 4.76% | $13.42B | 6.13% | 76.66% | 6.20 |
| Veeva Systems, Inc. (VEEV) | 4.76% | $45.77B | 16.71% | 76.73% | 11.51 |
| Autodesk, Inc. (ADSK) | 4.76% | $63.59B | 15.08% | 82.52% | 9.45 |
| CrowdStrike Holdings, Inc. (CRWD) | 4.76% | $118.72B | 19.80% | 73.80% | 24.84 |
| ServiceNow, Inc. (NOW) | 4.76% | $201.23B | 18.63% | 78.92% | 14.17 |
Market data by FactSet