Emergence Gp Partners Portfolio Concentration: Heavy Exposure in VEEV

Portfolio Overview

As of June 30, 2026, Emergence Gp Partners' portfolio held a total value of $112.3 million.

Largest Position: VEEV Dominates Holdings

The most significant holding for Emergence Gp Partners Llc is concentrated in the stock of VEEVA SYS INC (NASDAQ: VEEV). This position accounts for a substantial 79.04% allocation within the portfolio, making it the single largest investment and highlighting significant concentration risk.

Other Notable Holdings

Beyond its dominant stake in VEEV, Emergence Gp Partners also holds positions in several other companies:

• SERVICETITAN INC (NASDAQ: TTAN), representing a portfolio allocation of 7.34%
• DOXIMITY INC (NASDAQ: DOCS), with an allocation of 7.16%
• BLEND LABS INC (NASDAQ: BLND), accounting for 6.46% of the portfolio

Portfolio Concentration Analysis

The top three holdings by weight completely account for all positions held by Emergence Gp Partners, with a combined allocation percentage of 100%. This indicates extreme concentration within the portfolio. The largest position in VEEV alone represents more than two-thirds (79%) of the total assets under management.

Sector Allocation Breakdown

From an industry perspective, Emergence Gp Partners' investments are distributed across different sectors:

• Healthcare, which includes VEEV and DOCS, holds a total portfolio value of $96.8 million (representing an allocation percentage of 86.2%)
• Technology via TTAN and BLND, with a combined value of $13.7 million (allocation: 6.46% + 7.34% = 13.8%)
• Unknown Sector, encompassing the remaining holdings like TTAN and DOCS which lack sector classification, totaling $8.2 million in value or 7.34% of the portfolio

The dominant position in VEEV falls within the Healthcare sector, while the Technology allocation includes positions in SERVICETITAN INC (TTAN) and BLEND LABS INC (BLND). The remaining portion allocated to 'Unknown' sectors also contributes significantly.