Circumference Group LLC

Hedge Fund • Multi-Strategy

Circumference Group LLC is a Multi-Strategy Hedge Fund based in Little Rock, AR led by Jeffrey Howard Fox, reporting $244.7M in AUM as of Q3 2025 with 50% Technology concentration, 67% concentrated in top 10 holdings, and 50% technology allocation.

CEOJeffrey Howard Fox

Portfolio Value: $85.2M
Positions: 22
Top Holding: UPWK at 8.18%
Last Reported: Q3 2025

AddressOne Information Way, Ste. 405, Little Rock, AR, 72202, United States

Top Holdings

Largest long holdings in Circumference Group LLC's portfolio (66.6% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Upwork Inc. UPWK	Staffing & Employment Services Industrials	$7.0M	8.18%	-$650.0K Sold	0.28% 375.0K shares	Q4 2023 Held for 1y 11m
2 Twilio TWLO	Internet Content & Information Communication Services	$6.9M	8.11%	+$200.2K Bought	0.04% 69.0K shares	Q4 2023 Held for 1y 11m
3 Resources Connection, Inc. RGP	Consulting Services Industrials	$6.5M	7.65%	—	3.86% 1.3M shares	Q4 2023 Held for 1y 11m
4 Wix.com WIX	Software - Infrastructure Technology	$6.5M	7.61%	+$3.8M Bought	0.07% 36.5K shares	Q4 2023 Held for 1y 11m
5 Extreme Networks EXTR	Communication Equipment Technology	$5.6M	6.55%	-$2.6M Sold	0.20% 270.0K shares	Q1 2024 Held for 1y 8m
6 Teradata TDC	Software - Infrastructure Technology	$5.3M	6.19%	-$1.4M Sold	0.26% 245.0K shares	Q4 2023 Held for 1y 11m
7 Yext YEXT	Software - Infrastructure Technology	$5.1M	5.98%	-$426.0K Sold	0.49% 597.8K shares	Q4 2023 Held for 1y 11m
8 Icon ICLR	Medical - Diagnostics & Research Healthcare	$4.9M	5.75%	+$700.0K Bought	0.04% 28.0K shares	Q2 2025 Held for 5 months
9 Integral Ad Science IAS	Advertising Agencies Communication Services	$4.6M	5.37%	+$1.0M Bought	0.27% 450.0K shares	Q2 2024 Held for 1y 5m
10 Gulfterra Energy Partners GTM	Unknown Unknown	$4.5M	5.25%	+$272.8K Bought	0.13% 410.0K shares	Q2 2025 Held for 5 months

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Circumference Group LLC's latest filing

See all changes

GthenC

Market Value

$85.2M

Prior: $96.4M

Q/Q Change

-11.64%

-$11.2M

Net Flows % of MV

-16.1%

Turnover Ratio

22.84%

New Purchases

3 stocks

$6.0M

Added To

6 stocks

+$6.6M

Sold Out Of

4 stocks

$14.7M

Reduced Holdings

8 stocks

-$11.6M

Increased Positions

Position	Shares Δ	Change
1 Core & Main CNM	New	0 → 50.0K +$2.7M
2 EPAM Systems EPAM	New	0 → 11.0K +$1.7M
3 Globant GLOB	New	0 → 28.0K +$1.6M
4 Wix.com WIX	+143.33%	15.0K → 36.5K +$3.8M
5 Integral Ad Science IAS	+28.57%	350.0K → 450.0K +$1.0M

Decreased Positions

Position	Shares Δ	Change
1 Informatica INFA	Sold	230.0K → 0 −$5.6M
2 Couchbase, Inc. BASE	Sold	201.8K → 0 −$4.9M
3 AvidXchange Holdings, Inc. AVDX	Sold	275.0K → 0 −$2.7M
4 TELUS International (Cda) Inc. TIXT	Sold	400.0K → 0 −$1.5M
5 Vimeo, Inc. VMEO	-55.17%	725.0K → 325.0K −$3.1M