SAPPHIRE VENTURES, L.L.C.

Q4 2025 13F-HR Holdings

Location
Austin, TX
Holdings as of
12/31/2025
Date filed
2/11/2026
Form type
13F-HR
Num holdings
4
Total value ($000)
$74,282
Net value change ($000)
-10,349 (-12.2%)
New positions
0
Sold out positions
2
Turnover %
30.3%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BRZE 9,745 20.6%
KLTR 1,596 13.9%
PATH 602 22.5%
ONTF 224 39.2%
Top Reduces (Value $000, Stocks/ETFs)
AVDX -18,569 -100.0%
CRWV -3,947 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type