THEMATIC
10X NTM REVENUE MULTIPLE INDEX

TENNTM

$TENNTM

Index Performance

+11.04%
TENNTM
+14.42%
SKYY
+18.82%
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 holdings22
What's inside?

Holdings

All holdings as of February 23, 2024
CSV download
AppFolio, Inc. (APPF)5.93%$5.01B31.48%57.34%9.90
Veeva Systems, Inc. (VEEV)5.50%$35.77B11.61%72.80%12.05
CrowdStrike Holdings, Inc. (CRWD)5.37%$70.77B35.31%75.06%14.31
Cloudflare, Inc. (NET)5.19%$29.68B32.97%76.32%21.24
ServiceNow, Inc. (NOW)4.95%$157.69B23.82%78.59%15.90
HubSpot, Inc. (HUBS)4.87%$30.42B25.38%84.08%13.07
MongoDB, Inc. (MDB)4.82%$32.48B29.77%74.63%15.11
Autodesk, Inc. (ADSK)4.76%$54.97B11.02%90.21%8.23
Zscaler, Inc. (ZS)4.76%$33.55B39.70%77.47%12.69
Datadog, Inc. (DDOG)4.74%$39.62B27.06%80.70%19.19
Paylocity Holding Corp. (PCTY)4.70%$9.70B19.54%66.32%7.01
Okta, Inc. (OKTA)4.49%$13.01B21.40%75.17%4.78
Shopify, Inc. (SHOP)4.45%$90.57B26.07%49.39%13.81
Adobe, Inc. (ADBE)4.24%$242.98B11.12%86.98%14.32
Dynatrace, Inc. (DT)4.10%$14.67B22.74%79.92%11.48
BlackLine, Inc. (BL)4.09%$3.48B12.82%74.97%8.02
Paycom Software, Inc. (PAYC)4.08%$10.46B23.16%73.72%6.95
Smartsheet, Inc. (SMAR)4.05%$5.73B23.22%80.87%5.29
Atlassian Corp. (TEAM)3.99%$32.33B21.47%81.44%15.72
Bill Holdings, Inc. (BILL)3.74%$6.49B22.50%77.05%6.62
Qualys, Inc. (QLYS)3.69%$5.96B13.03%80.55%12.66
Five9, Inc. (FIVN)3.50%$4.47B16.90%51.39%6.30
Market data by FactSet

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