The book.
+$2,411.65 · from $4,355 cost
27 holdings · 10 buckets · 2026-08-31
- Leader45%
- Challenger33%
- Dark Horse22%
- SNOW+129.82%
- OKTA+124.03%
- TEAM+108.43%
- ORCL-17.29%
- INTU-11.72%
- PEGA+0.05%
- HUBSHubSpotCRMchallenger$261.36$184.85+5.63%
- FRSHFreshworksCRMdark horse$13.92$147.26+55.01%
- SNOWSnowflakeData SoRleader$331.43$459.65+129.82%
- MDBMongoDBData SoRchallenger$453.37$282.62+71.28%
- ESTCElasticData SoRdark horse$97.55$202.19+92.56%
- TEAMAtlassianDev workleader$194.17$583.59+108.43%
- ASANAsanaDev workdark horse$10.26$135.00+42.11%
- SAPSAPERPleader$220.89$296.38+28.86%
- ORCLOracleERPchallenger$149.12$165.42-17.29%
- MANHManhattan AssociatesERPdark horse$223.19$110.98+58.55%
- PAYCPaycomHRIS & payrollchallenger$239.10$298.36+80.82%
- ADPADPHRIS & payrolldark horse$286.16$135.42+35.42%
- OKTAOktaIdentity & permissionsleader$173.04$448.06+124.03%
- PANWPalo Alto NetworksIdentity & permissionschallenger$382.13$372.69+107.05%
- SAILSailPointIdentity & permissionsdark horse$20.56$169.22+69.22%
- NOWServiceNowITSM & workflowleader$147.99$450.55+60.91%
- PEGAPegasystemsITSM & workflowchallenger$36.81$145.08+0.05%
- APPNAppianITSM & workflowdark horse$42.95$190.21+90.21%
- PLTRPalantirRegulated & federalleader$186.38$255.26+27.63%
- VEEVVeeva SystemsRegulated & federalchallenger$285.69$285.32+67.84%
- TYLTyler TechnologiesRegulated & federaldark horse$372.22$113.74+13.74%
- INTUIntuitSMB financeleader$359.30$211.88-11.72%
- BILLBillSMB financechallenger$49.23$161.13+23.94%
- PAYOPayoneerSMB financedark horse$7.11$134.82+41.92%
- MSFTMicrosoft / GitHubSource controlleader$507.29$343.41+22.65%
- GTLBGitLabSource controlchallenger$46.54$312.29+89.26%
- FROGJFrogSource controldark horse$100.07$171.29+90.32%
Cost basis · $4,355.00 total
- Dev work$375.00
- Source control$535.00
- CRM$270.00
- ITSM & workflow$525.00
- ERP$500.00
- HRIS & payroll$265.00
- SMB finance$465.00
- Identity & permissions$480.00
- Data SoR$470.00
- Regulated & federal$470.00
- Dev work0
- Source control3
- CRM1
- ITSM & workflow6
- ERP2
- HRIS & payroll0
- SMB finance0
- Identity & permissions1
- Data SoR0
- Regulated & federal0
Weekdays: monitor-only scan for urgent moves. Sundays: full weekly review that scores every position and queues decisions.
Last weekday scan
3
urgent triggers · 6d ago
WDAYtrim · approved
1 negative pillar (P1) + extreme overweight (drift 55%) → elevated urgency trim. WDAY trim < 1 share at $198.68
INTUhold · approved
positive signal but conditions not met (coverage solid, trend neutral, drift on_target) — hold.
TYLhold · approved
positive signal but thin coverage (only P1) — hold for confirmation.
ORCLtrim · approved
1 negative pillar (P1) — ORCL is at or below target — no trim
PEGAhold · approved
positive signal but thin coverage (only P5) — hold for confirmation.
$0.0069/ $10.00
0.1% of monthly cap
$10.00/mo ceiling — 2.4% annualized against the $5K paper portfolio. Scoring and chat remain isolated from distribution.
$0.0000/ $5.00
Separate paid-generation pool. At 90%, social switches to zero-cost deterministic drafts.
| TEAMAtlassian | Dev work | leader | $583.59 | 8.62% | — | 28.24 | 7.33 | 85.6% | 3.4% | 26.0% | 120.0% |
| SNOWSnowflake | Data SoR | leader | $459.65 | 6.79% | — | 121.18 | 22.55 | 67.1% | 1.5% | 29.2% | 126.0% |
| NOWServiceNow | ITSM & workflow | leader | $450.55 | 6.66% | 89.88 | 28.91 | 10.41 | 74.8% | 3.4% | 20.9% | 125.0% |
| OKTAOkta | Identity & permissions | leader | $448.06 | 6.62% | 100.14 | 37.97 | 8.73 | 78.1% | 3.6% | 11.8% | 106.0% |
| PANWPalo Alto Networks | Identity & permissions | challenger | $372.69 | 5.51% | 323.12 | 90.43 | 28.46 | 72.0% | 1.2% | 14.9% | 120.0% |
| MSFTMicrosoft / GitHub | Source control | leader | $343.41 | 5.08% | 28.17 | 21.78 | 11.65 | 67.9% | 0.4% | 17.8% | — |
| GTLBGitLab | Source control | challenger | $312.29 | 4.62% | — | 43.59 | 6.24 | 86.8% | 4.1% | 25.8% | 118.0% |
| PAYCPaycom | HRIS & payroll | challenger | $298.36 | 4.41% | 25.06 | 17.10 | 5.30 | 88.1% | 3.9% | 8.9% | 91.0% |
| SAPSAP | ERP | leader | $296.38 | 4.38% | 28.48 | 22.90 | 94.27 | 73.7% | 3.6% | 7.7% | — |
| VEEVVeeva Systems | Regulated & federal | challenger | $285.32 | 4.22% | 45.43 | 27.02 | 10.90 | 75.0% | 2.8% | 16.3% | — |
| MDBMongoDB | Data SoR | challenger | $282.62 | 4.18% | — | 60.84 | 12.89 | 72.0% | 1.4% | 22.8% | 118.0% |
| PLTRPalantir | Regulated & federal | leader | $255.26 | 3.77% | 159.22 | 80.50 | 71.25 | 84.8% | 0.5% | 56.2% | 131.0% |
| INTUIntuit | SMB finance | leader | $211.88 | 3.13% | 21.14 | 12.96 | 4.59 | 81.0% | 6.6% | 15.6% | — |
| ESTCElastic | Data SoR | dark horse | $202.19 | 2.99% | 28.55 | 25.36 | 5.35 | 75.6% | 4.8% | 17.3% | 112.0% |
| APPNAppian | ITSM & workflow | dark horse | $190.21 | 2.81% | — | 29.98 | 3.99 | 72.4% | 3.6% | 17.8% | 111.0% |
| HUBSHubSpot | CRM | challenger | $184.85 | 2.73% | 92.44 | 15.70 | 3.45 | 83.2% | 5.0% | 19.2% | 105.0% |
| FROGJFrog | Source control | dark horse | $171.29 | 2.53% | — | 86.24 | 18.94 | 77.9% | 1.7% | 24.1% | 119.0% |
| SAILSailPoint | Identity & permissions | dark horse | $169.22 | 2.50% | — | 49.59 | 9.70 | 66.4% | 2.9% | 24.4% | 115.0% |
| ORCLOracle | ERP | challenger | $165.42 | 2.44% | 25.92 | 13.81 | 8.54 | 65.8% | -5.6% | 17.3% | — |
| BILLBill | SMB finance | challenger | $161.13 | 2.38% | — | 11.56 | 2.57 | 83.9% | 4.4% | 13.0% | 131.0% |
| FRSHFreshworks | CRM | dark horse | $147.26 | 2.18% | 21.66 | 16.63 | 3.31 | 85.0% | 7.2% | 16.4% | 108.0% |
| PEGAPegasystems | ITSM & workflow | challenger | $145.08 | 2.14% | 20.55 | 13.68 | 3.26 | 75.6% | 8.5% | 16.6% | 108.0% |
| ADPADP | HRIS & payroll | dark horse | $135.42 | 2.00% | 26.25 | 21.46 | 5.26 | 48.7% | 4.6% | 6.7% | — |
| ASANAsana | Dev work | dark horse | $135.00 | 2.00% | — | 21.67 | 2.69 | 88.5% | 8.1% | 9.2% | 96.0% |
| PAYOPayoneer | SMB finance | dark horse | $134.82 | 1.99% | 50.79 | 15.45 | 1.99 | 85.4% | -2.9% | 13.9% | — |
| TYLTyler Technologies | Regulated & federal | dark horse | $113.74 | 1.68% | 49.73 | 24.62 | 6.57 | 47.2% | 3.8% | 9.1% | — |
| MANHManhattan Associates | ERP | dark horse | $110.98 | 1.64% | 64.16 | 36.39 | 11.44 | 55.8% | 2.5% | 3.7% | — |
NRR coverage. 64.5% basket-USD 15 of 27 holdings have a Net Revenue Retention entry within the last two reporting quarters — below 70% threshold — watch only per ADR 0019 §V1. NRR is owner-entered from earnings transcripts; not all SaaS holdings disclose it (Microsoft, Atlassian post-FY23, ServiceNow are known non-disclosers — absence is not a negative signal for them).
Methodology. Sorbet portfolio multiples are position-weighted aggregates of per-holding fundamentals (harmonic-weighted yield for PE / EV-Sales, plain-weighted for margin / FCF-yield / growth). SPY/QQQ values are issuer/Yahoo-published trailing PE — the methodologies are not strictly identical, so treat the comparison as directional, not precise.
Target tilt is 40 / 35 / 25. The book holds three positions per bucket — one leader, one challenger, one dark horse.
- Identity & permissions14.6%OKTA · PANW · SAIL$989.96 · P&L +106.24%
- Data SoR14.0%SNOW · MDB · ESTC$944.45 · P&L +100.95%
- Source control12.2%MSFT · GTLB · FROG$826.98 · P&L +54.58%
- ITSM & workflow11.6%NOW · PEGA · APPN$785.84 · P&L +49.68%
- Dev work10.6%TEAM · ASAN$718.59 · P&L +91.63%
- Regulated & federal9.7%PLTR · VEEV · TYL$654.33 · P&L +39.22%
- ERP8.5%SAP · ORCL · MANH$572.78 · P&L +14.56%
- SMB finance7.5%INTU · BILL · PAYO$507.82 · P&L +9.21%
- HRIS & payroll6.4%PAYC · ADP$433.77 · P&L +63.69%
- CRM4.9%HUBS · FRSH$332.11 · P&L +23.00%
Market-cap tier not shown — market-cap is not yet in the fundamentals snapshot. Lands in a later slice alongside NRR ingest.