Thoma Bravo is an SEC-registered investment adviser based in Chicago, IL that reports managing 5 hedge funds on Form ADV. It reports $182.9 billion in regulatory assets under management. Its private funds, of all types, hold $182.9 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated -28.5% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated -19.1% from Q3 2024 to Q2 2026, compared with +34.3% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $182.9 billionForm ADV Item 5.F
- Gross assets of private funds
- $182.9 billionAll private fund types, Form ADV
- Hedge funds managed
- 5151 private funds in total
- Employees
- 246Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 157041
- Latest Form ADV
- 03/31/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +9.5% | +14.8% |
| Q1 2026 | -34.7% | -4.6% |
| Q4 2025 | -7.7% | +2.4% |
| Q3 2025 | -2.4% | +7.8% |
| Q2 2025 | +14.7% | +10.4% |
| Q1 2025 | -0.5% | -4.5% |
| Q3 2024 | +10.1% | +5.4% |
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
- Sailpoint Inc$7.0 billion
- N-able Inc$183.8 million
- Servicetitan Inc CL A$73.5 million
As of 2026-06-30, from 13F filing by Thoma Bravo, L.P..
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