# First Growth Investment Manager LP

> Institutional holdings reported to the SEC as of Q2 2023 on Form 13F. CIK 1859691. Source: https://holderbook.com/funds/1859691-first-growth-investment-manager-lp/

- Reported value: $59.5M
- Positions: 27
- Weight of the ten largest: 66.1%
- Filed: 2023-08-02

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $4.6M | 8,150 | 7.7% | 11 |
| FIVE9 INC | [FIVN](https://holderbook.com/stocks/FIVN/) | $4.5M | 54,500 | 7.6% | 11 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $4.5M | 19,850 | 7.5% | 11 |
| PAYCOM SOFTWARE INC | [PAYC](https://holderbook.com/stocks/PAYC/) | $4.5M | 13,900 | 7.5% | 11 |
| BLACKLINE INC | [BL](https://holderbook.com/stocks/BL/) | $4.3M | 80,500 | 7.3% | 11 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $4.2M | 65,150 | 7.1% | 5 |
| ATLASSIAN CORPORATION | [TEAM](https://holderbook.com/stocks/TEAM/) | $3.4M | 20,350 | 5.7% | 3 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $3.3M | 2,800 | 5.6% | 11 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $3.2M | 48,500 | 5.3% | 8 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $2.9M | 16,350 | 4.8% | 5 |
| HUBSPOT INC | [HUBS](https://holderbook.com/stocks/HUBS/) | $2.8M | 5,200 | 4.7% | 11 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $2.7M | 6,500 | 4.5% | 11 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $2.6M | 20,500 | 4.4% | 11 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $2.5M | 33,000 | 4.3% | 2 |
| DESCARTES SYS GROUP INC | [DSGX](https://holderbook.com/stocks/DSGX/) | $1.7M | 21,750 | 2.9% | 1 |
| MAKEMYTRIP LIMITED MAURITIUS | [MMYT](https://holderbook.com/stocks/MMYT/) | $1.7M | 61,500 | 2.8% | 5 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $1.6M | 3,950 | 2.8% | 1 |
| ZOOMINFO TECHNOLOGIES INC | [GTM](https://holderbook.com/stocks/GTM/) | $1.5M | 61,000 | 2.6% | 11 |
| ATLASSIAN CORPORATION | [TEAM](https://holderbook.com/stocks/TEAM/) | $1.1M | 0 | 1.8% | 3 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $1.0M | 5,000 | 1.7% | 11 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $242.9K | 1,150 | 0.4% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $211.3K | 0 | 0.4% | 1 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $209.9K | 3,300 | 0.4% | 11 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $67.9K | 0 | 0.1% | 3 |
| ASANA INC | [ASAN](https://holderbook.com/stocks/ASAN/) | $44.1K | 0 | 0.1% | 1 |
| SMARTSHEET INC | [SMAR](https://holderbook.com/stocks/SMAR/) | $38.3K | 0 | 0.1% | 1 |
| DOCUSIGN INC | [DOCU](https://holderbook.com/stocks/DOCU/) | $25.5K | 0 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2023 | +8.0% | +8.3% | -0.3% | 100% |
| Q1 2023 | +15.3% | +7.0% | +8.3% | 98% |
| Q4 2022 | -6.8% | +7.1% | -13.8% | 90% |
| Q3 2022 | +0.1% | -5.3% | +5.4% | 93% |
| Q2 2022 | -33.6% | -16.5% | -17.2% | 68% |
| Q4 2021 | -12.6% | +10.7% | -23.3% | 63% |
| Q3 2021 | -2.6% | +0.3% | -2.8% | 66% |
| Q1 2021 | -9.9% | +6.0% | -15.9% | 96% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2023 | $59.5M | 27 |
| Q1 2023 | $55.7M | 23 |
| Q4 2022 | $45.8M | 30 |
| Q3 2022 | $63.2M | 24 |
| Q2 2022 | $77.4M | 25 |
| Q1 2022 | $137.3M | 23 |
| Q4 2021 | $194.1M | 22 |
| Q3 2021 | $274.6M | 30 |
| Q2 2021 | $273.7M | 28 |
| Q1 2021 | $292.6M | 26 |
| Q4 2020 | $142.5M | 25 |