TFJ Management, LLC is an SEC-registered investment adviser based in Somerville, MA that reports managing 2 hedge funds on Form ADV. It reports $198.4 million in regulatory assets under management. Its private funds, of all types, hold $171.1 million in gross assets. Its disclosed U.S. stock holdings returned an estimated -9.8% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +7.1% from Q1 2025 to Q2 2026, compared with +27.4% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $198.4 millionForm ADV Item 5.F
- Gross assets of private funds
- $171.1 millionAll private fund types, Form ADV
- Hedge funds managed
- 22 private funds in total
- Employees
- 2Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 312132
- Latest Form ADV
- 03/31/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +21.0% | +14.8% |
| Q1 2026 | -25.4% | -4.6% |
| Q4 2025 | -8.0% | +2.4% |
| Q3 2025 | +22.8% | +7.8% |
| Q2 2025 | +20.5% | +10.4% |
| Q1 2025 | -12.8% | -4.5% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Applovin Corp$33.2 million
- Openlane Inc$32.4 million
- G9723y105$26.9 million
- Coupang Inc CL A$18.9 million
- Gitlab Inc Class A Com$14.6 million
- Toast Inc$9.8 million
- Sailpoint Inc$6.7 million
- Samsara Inc$4.2 million
- Tradeweb Mkts Inc$3.9 million
- Clarivate PLC$2.9 million
As of 2026-06-30, from 13F filing by TFJ Management, LLC.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures