UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 13F

                               Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2010

Check here if Amendment [ ]; Amendment Number: ___

This Amendment (Check only one.): [ ]is a restatement.
                                  [ ]adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:    Technology Crossover Management V, L.L.C.
Address: c/o Technology Crossover Ventures
         528 Ramona Street
         Palo Alto, CA 94301

Form 13F File Number: 28-12062

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:   Frederic D. Fenton
Title:  Authorized Signatory
Phone:  650-614-8200

Signature, Place, and Date of Signing:

/s/ Frederic D. Fenton            Palo Alto, California             May 13, 2010
     [Signature]                      [City, State]                    [Date]

Report Type (Check only one.):

[X]   13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
      are reported in this report.)

[ ]   13F NOTICE. (Check here if no holdings reported are in this report, and
      all holdings are reported by other reporting manager(s.)

[ ]   13F COMBINATION REPORT. (Check here it a portion of the holdings for
      this reporting manager are reported in this report and a portion are
      reported by other reporting manager(s).)



                              Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:        None

Form 13F Information Table Entry Total:   2

Form 13F Information Table Value Total:  $210,022
                                         (thousands)



                                                                                                                Voting
                       Title of                Value     Shares/     Sh/  Put/  Invstmt   Other               Authority
Name of Issuer          Class      CUSIP      (x$1000)    PrnAmt     Prn  Call  Dscretn  Managers     Sole      Shared     None
- ---------------        --------  ---------    --------  ----------   ---  ----  -------  --------   ---------  ---------   ----
                                                                                            
RiskMetrics Group, Inc. Common   767735103     145,265   6,424,802    SH         Sole               6,424,802      0         0
TechTarget, Inc.        Common   87874R100      64,757  12,381,914    SH         Sole              12,381,914      0         0
                                             ---------
                                 TOTAL        $210,022