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ALKEON CAPITAL MANAGEMENT LLC

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13F filer, CIK 1230239, New York, NY

ALKEON CAPITAL MANAGEMENT LLC reported $59,979,893,472 across 103 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 49.31% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-25-004663

Period
2025-06-30
Reported value
$60B
Holdings
103
Top 10 weight
49.31%
New
10
Sold out
13

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GOOGLadded+3,410,000$601M
ORCLnew+2,520,000$551M
VSTadded+1,000,000$194M
BABAnew+1,625,000$184M
ADIadded+500,000$119M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
METAreduced-532,000-$393M
AMZNreduced-1,245,000-$273M
OKTAreduced-1,520,000-$152M
TSMreduced-587,309-$133M
EQIXreduced-125,000-$99.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0000919574-25-004663, largest first. % of portfolio is the value over $20,588,957,635, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,978,504 shares; 2024Q4: 2,875,314 shares; 2025Q1: 2,674,629 shares; 2025Q2: 2,142,629 shares 2,142,629$1.58B7.68%-532,000Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,572,316 shares; 2024Q4: 5,224,186 shares; 2025Q1: 5,222,558 shares; 2025Q2: 8,632,558 shares 8,632,558$1.52B7.39%+3,410,000Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,964,931 shares; 2024Q4: 7,514,931 shares; 2025Q1: 7,519,899 shares; 2025Q2: 6,274,899 shares 6,274,899$1.38B6.69%-1,245,000Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,200,994 shares; 2024Q4: 6,150,994 shares; 2025Q1: 6,150,977 shares; 2025Q2: 5,563,668 shares 5,563,668$1.26B6.12%-587,309Timeline
KLACKLA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 945,835 shares; 2024Q4: 1,005,835 shares; 2025Q1: 1,005,365 shares; 2025Q2: 980,365 shares 980,365$878M4.27%-25,000Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,728,813 shares; 2024Q4: 1,727,953 shares; 2025Q1: 1,726,176 shares; 2025Q2: 1,726,176 shares 1,726,176$859M4.17%0Timeline
LRCXLAM RESEARCH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,458,720 shares; 2025Q1: 7,954,456 shares; 2025Q2: 8,504,456 shares 8,504,456$828M4.02%+550,000Timeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,315,237 shares; 2024Q4: 2,315,237 shares; 2025Q1: 2,313,833 shares; 2025Q2: 2,813,833 shares 2,813,833$670M3.25%+500,000Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 190,633 shares; 2024Q4: 190,633 shares; 2025Q1: 220,499 shares; 2025Q2: 240,499 shares 240,499$629M3.05%+20,000Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,520,000 shares 2,520,000$551M2.68%newTimeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,469,452 shares; 2024Q4: 1,469,452 shares; 2025Q1: 1,468,618 shares; 2025Q2: 1,468,618 shares 1,468,618$521M2.53%0Timeline
CDNSCADENCE DESIGN SYSTEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,623,604 shares; 2024Q4: 1,623,604 shares; 2025Q1: 1,622,874 shares; 2025Q2: 1,622,874 shares 1,622,874$500M2.43%0Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 849,777 shares; 2024Q4: 849,777 shares; 2025Q1: 849,777 shares; 2025Q2: 849,777 shares 849,777$469M2.28%0Timeline
MLMMARTIN MARIETTA MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 526,198 shares; 2024Q4: 771,198 shares; 2025Q1: 770,351 shares; 2025Q2: 802,351 shares 802,351$440M2.14%+32,000Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 778,879 shares; 2024Q4: 778,879 shares; 2025Q1: 778,465 shares; 2025Q2: 778,465 shares 778,465$437M2.12%0Timeline
TJXTJX COS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,381,901 shares; 2024Q4: 3,951,901 shares; 2025Q1: 3,449,971 shares; 2025Q2: 3,449,971 shares 3,449,971$426M2.07%0Timeline
EXPEEXPEDIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,576,472 shares; 2024Q4: 1,976,472 shares; 2025Q1: 2,375,276 shares; 2025Q2: 2,475,276 shares 2,475,276$418M2.03%+100,000Timeline
VMCVULCAN MATLS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 832,001 shares; 2024Q4: 1,282,001 shares; 2025Q1: 1,338,346 shares; 2025Q2: 1,478,646 shares 1,478,646$386M1.87%+140,300Timeline
CEGCONSTELLATION ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,367,554 shares; 2024Q4: 1,267,554 shares; 2025Q1: 891,219 shares; 2025Q2: 1,141,219 shares 1,141,219$368M1.79%+250,000Timeline
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 668,637 shares; 2024Q4: 668,637 shares; 2025Q1: 668,278 shares; 2025Q2: 668,278 shares 668,278$343M1.66%0Timeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,801,057 shares; 2024Q4: 1,801,057 shares; 2025Q1: 1,800,310 shares; 2025Q2: 1,800,310 shares 1,800,310$330M1.6%0Timeline
DELLDELL TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,146,777 shares; 2024Q4: 2,246,777 shares; 2025Q1: 3,177,809 shares; 2025Q2: 2,562,409 shares 2,562,409$314M1.53%-615,400Timeline
CGCARLYLE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,239,907 shares; 2024Q4: 5,244,455 shares; 2025Q1: 5,241,316 shares; 2025Q2: 5,941,316 shares 5,941,316$305M1.48%+700,000Timeline
TDGTRANSDIGM GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 195,791 shares; 2024Q4: 245,791 shares; 2025Q1: 245,611 shares; 2025Q2: 195,611 shares 195,611$297M1.44%-50,000Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,287,885 shares; 2024Q4: 3,462,885 shares; 2025Q1: 3,461,005 shares; 2025Q2: 2,961,005 shares 2,961,005$276M1.34%-500,000Timeline
PWRQUANTA SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 650,000 shares; 2024Q4: 701,285 shares; 2025Q1: 700,983 shares; 2025Q2: 700,983 shares 700,983$265M1.29%0Timeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,400,000 shares; 2024Q4: 2,400,000 shares; 2025Q1: 2,550,953 shares; 2025Q2: 2,670,953 shares 2,670,953$264M1.28%+120,000Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,221,890 shares; 2024Q4: 1,546,890 shares; 2025Q1: 356,357 shares; 2025Q2: 1,356,357 shares 1,356,357$263M1.28%+1,000,000Timeline
ETRENTERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,274,291 shares; 2025Q2: 2,604,291 shares 2,604,291$216M1.05%+330,000Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 408,975 shares; 2024Q4: 408,975 shares; 2025Q1: 358,775 shares; 2025Q2: 233,775 shares 233,775$186M0.9%-125,000Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,625,000 shares 1,625,000$184M0.9%newTimeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 300,000 shares; 2024Q4: 700,000 shares; 2025Q1: 700,000 shares; 2025Q2: 700,000 shares 700,000$180M0.88%0Timeline
TERTERADYNE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,144,017 shares; 2024Q4: 1,544,017 shares; 2025Q1: 1,482,910 shares; 2025Q2: 1,932,910 shares 1,932,910$174M0.84%+450,000Timeline
YMMFULL TRUCK ALLIANCE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,276,570 shares; 2024Q4: 13,921,570 shares; 2025Q1: 13,908,535 shares; 2025Q2: 14,698,535 shares 14,698,535$174M0.84%+790,000Timeline
SSNCSS&C TECH HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,316,252 shares; 2024Q4: 1,966,252 shares; 2025Q1: 1,964,916 shares; 2025Q2: 1,964,916 shares 1,964,916$163M0.79%0Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,100,000 shares; 2025Q2: 2,004,000 shares 2,004,000$159M0.77%+904,000Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 449,078 shares; 2024Q4: 449,078 shares; 2025Q1: 648,594 shares; 2025Q2: 648,594 shares 648,594$144M0.7%0Timeline
JDJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,027,272 shares; 2024Q4: 3,777,272 shares; 2025Q1: 4,523,802 shares; 2025Q2: 4,023,802 shares 4,023,802$131M0.64%-500,000Timeline
JCIJOHNSON CONTROLS INTERNATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,400,000 shares; 2025Q2: 1,220,000 shares 1,220,000$129M0.63%-180,000Timeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,563,597 shares; 2024Q4: 1,303,597 shares; 2025Q1: 1,089,486 shares; 2025Q2: 2,193,486 shares 2,193,486$118M0.57%+1,104,000Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 306,970 shares; 2024Q4: 306,970 shares; 2025Q1: 306,735 shares; 2025Q2: 306,735 shares 306,735$105M0.51%0Timeline
NINISOURCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,461,500 shares; 2025Q2: 2,561,500 shares 2,561,500$103M0.5%+100,000Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 169,548 shares; 2024Q4: 169,548 shares; 2025Q1: 190,416 shares; 2025Q2: 190,416 shares 190,416$100M0.49%0Timeline
AKROAKERO THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,325,004 shares; 2024Q4: 1,761,268 shares; 2025Q1: 1,550,934 shares; 2025Q2: 1,850,934 shares 1,850,934$98.8M0.48%+300,000Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 428,730 shares; 2024Q4: 428,730 shares; 2025Q1: 428,401 shares; 2025Q2: 428,401 shares 428,401$94.7M0.46%0Timeline
ROSTROSS STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,613,133 shares; 2024Q4: 713,133 shares; 2025Q1: 712,635 shares; 2025Q2: 712,635 shares 712,635$90.9M0.44%0Timeline
BWXTBWX TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 600,048 shares 600,048$86.4M0.42%newTimeline
BURLBURLINGTON STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 300,000 shares; 2025Q2: 350,000 shares 350,000$81.4M0.4%+50,000Timeline
YUMYUM BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 465,951 shares; 2024Q4: 465,951 shares; 2025Q1: 465,603 shares; 2025Q2: 465,603 shares 465,603$69M0.34%0Timeline
RYTMRHYTHM PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,167,700 shares; 2024Q4: 1,167,700 shares; 2025Q1: 817,700 shares; 2025Q2: 1,017,700 shares 1,017,700$64.3M0.31%+200,000Timeline
SAROSTANDARDAERO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,620,000 shares; 2025Q1: 1,820,000 shares; 2025Q2: 1,990,000 shares 1,990,000$63M0.31%+170,000Timeline
RBRKRUBRIK INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 500,000 shares; 2025Q1: 700,000 shares; 2025Q2: 700,000 shares 700,000$62.7M0.3%0Timeline
RAREULTRAGENYX PHARMACEUTICAL INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,011,716 shares; 2024Q4: 1,686,716 shares; 2025Q1: 1,685,729 shares; 2025Q2: 1,685,729 shares 1,685,729$61.3M0.3%0Timeline
XYZBLOCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,566,200 shares; 2024Q4: 866,200 shares; 2025Q1: 866,200 shares; 2025Q2: 866,200 shares 866,200$58.8M0.29%0Timeline
CMGCHIPOTLE MEXICAN GRILL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,001,250 shares; 2024Q4: 1,001,250 shares; 2025Q1: 1,000,289 shares; 2025Q2: 1,000,289 shares 1,000,289$56.2M0.27%0Timeline
CTASCINTAS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 236,716 shares; 2024Q4: 236,716 shares; 2025Q1: 236,539 shares; 2025Q2: 236,539 shares 236,539$52.7M0.26%0Timeline
PATHUIPATH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,061,276 shares; 2024Q4: 4,061,276 shares; 2025Q1: 4,061,276 shares; 2025Q2: 4,061,276 shares 4,061,276$52M0.25%0Timeline
BCRXBIOCRYST PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,093,822 shares; 2024Q4: 7,093,822 shares; 2025Q1: 7,214,021 shares; 2025Q2: 5,714,021 shares 5,714,021$51.2M0.25%-1,500,000Timeline
INSMINSMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 500,000 shares 500,000$50.3M0.24%newTimeline
BEKEKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,025,999 shares; 2024Q4: 5,025,999 shares; 2025Q1: 4,272,723 shares; 2025Q2: 2,772,723 shares 2,772,723$49.2M0.24%-1,500,000Timeline
ORICORIC PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,904,096 shares; 2024Q4: 3,904,096 shares; 2025Q1: 4,004,096 shares; 2025Q2: 4,504,096 shares 4,504,096$45.7M0.22%+500,000Timeline
ARGXARGENX SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 345,000 shares; 2024Q4: 75,000 shares; 2025Q1: 75,000 shares; 2025Q2: 75,000 shares 75,000$41.3M0.2%0Timeline
TOSTTOAST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 500,000 shares; 2024Q4: 500,000 shares; 2025Q1: 500,000 shares; 2025Q2: 900,000 shares 900,000$39.9M0.19%+400,000Timeline
OKTAOKTA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,900,000 shares; 2025Q2: 380,000 shares 380,000$38M0.18%-1,520,000Timeline
ALABASTERA LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,000 shares; 2024Q4: 400,000 shares; 2025Q1: 400,000 shares; 2025Q2: 400,000 shares 400,000$36.2M0.18%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 674,953 shares; 2024Q4: 574,953 shares; 2025Q1: 571,439 shares; 2025Q2: 211,439 shares 211,439$33.4M0.16%-360,000Timeline
OSONESTREAM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,526,261 shares; 2025Q2: 950,000 shares 950,000$26.9M0.13%-1,576,261Timeline
HNGEHINGE HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 376,011 shares 376,011$19.5M0.09%newTimeline
RINGCENTRAL INCRINGCENTRAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,000,000 shares; 2024Q4: 30,000,000 shares; 2025Q1: 20,000,000 shares; 2025Q2: 20,000,000 shares 20,000,000$19.2M0.09%0
IRENIREN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,000,000 shares 1,000,000$14.6M0.07%newTimeline
MREOMEREO BIOPHARMA GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,698,100 shares; 2024Q4: 4,698,100 shares; 2025Q1: 4,698,100 shares; 2025Q2: 4,698,100 shares 4,698,100$12.7M0.06%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,627 shares; 2024Q4: 56,627 shares; 2025Q1: 56,627 shares; 2025Q2: 56,627 shares 56,627$11.6M0.06%0Timeline
KROSKEROS THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,897,601 shares; 2024Q4: 1,101,000 shares; 2025Q1: 850,511 shares; 2025Q2: 850,511 shares 850,511$11.4M0.06%0Timeline
FROGJFROG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,425 shares; 2024Q4: 14,425 shares; 2025Q1: 14,425 shares; 2025Q2: 214,425 shares 214,425$9.41M0.05%+200,000Timeline
DLODLOCAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 823,837 shares; 2024Q4: 823,837 shares; 2025Q1: 823,837 shares; 2025Q2: 823,837 shares 823,837$9.34M0.05%0Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,877,133 shares; 2024Q4: 45,000 shares; 2025Q1: 45,000 shares; 2025Q2: 45,000 shares 45,000$8.24M0.04%0Timeline
SONYSONY GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,000 shares; 2024Q4: 275,000 shares; 2025Q1: 275,000 shares; 2025Q2: 275,000 shares 275,000$7.16M0.03%0Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 556,147 shares; 2024Q4: 303,035 shares; 2025Q1: 6,500 shares; 2025Q2: 6,500 shares 6,500$5.21M0.03%0Timeline
PCTYPAYLOCITY HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,683 shares; 2024Q4: 24,683 shares; 2025Q1: 24,683 shares; 2025Q2: 24,683 shares 24,683$4.47M0.02%0Timeline
Shopify IncShopify IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,000,000 shares; 2024Q4: 4,000,000 shares; 2025Q1: 4,000,000 shares; 2025Q2: 4,000,000 shares 4,000,000$4.05M0.02%0
PMVPPMV PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,343,731 shares; 2024Q4: 2,343,731 shares; 2025Q1: 2,342,373 shares; 2025Q2: 2,342,373 shares 2,342,373$2.48M0.01%0Timeline
ANROALTO NEUROSCIENCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 934,904 shares; 2024Q4: 477,101 shares; 2025Q1: 477,101 shares; 2025Q2: 477,101 shares 477,101$1.05M0.01%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput23,900,000$14.8B+6,700,000
QQQINVESCO QQQ TR COMput24,784,800$13.7B-2,585,200
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADScall5,840,500$1.32B-1,569,500
AMZNAMAZON COM INC COMcall5,581,500$1.22B+1,031,500
NVDANVIDIA CORPORATION COMcall7,365,000$1.16B-2,635,000
TSLATESLA INC COMcall3,400,000$1.08B+1,400,000
DASHDOORDASH INC Stockcall4,050,000$998M0
MSFTMICROSOFT CORP COMcall2,000,000$995M-500,000
ORCLORACLE CORP COMcall4,000,000$875Mnew
BKNGBOOKING HOLDINGS INC COMcall120,000$695M+20,000
MMM3M CO Stockcall2,850,000$434M+750,000
HLTHILTON WORLDWIDE HLDGS INC Stockcall1,500,000$400M-1,350,000
CRMSALESFORCE INC COMcall1,400,000$382M+400,000
AMZNAMAZON COM INC COMput1,725,000$378M+1,425,000
WYNNWYNN RESORTS LTD COMcall3,600,000$337M+600,000
MARMARRIOTT INTL INC NEW Stockcall1,200,000$328M+1,300
LVSLAS VEGAS SANDS CORP Stockcall3,435,000$149M-1,365,000
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADSput300,000$67.9M0
ORCLORACLE CORP COMput220,000$48.1Mnew
GOOGLALPHABET INC COMput230,000$40.5Mnew
GBTCGRAYSCALE BITCOIN TRUST ETF SHS REP COM UTcall400,000$33.9Mnew

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NOWSERVICENOW INC499,100$397Mcall
AVGOBROADCOM INC980,000$164Mcall
CLSCELESTICA INC1,230,000$96.9Mshares
BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP900,628$79.7Mshares
METAMETA PLATFORMS INC110,000$63.4Mput
SRPTSAREPTA THERAPEUTICS INC853,845$54.5Mshares
DASHDOORDASH INC260,000$47.5Mput
DASHDOORDASH INC260,000$47.5Mshares
NFLXNETFLIX INC.50,000$46.6Mput
NFLXNETFLIX INC.50,000$46.6Mshares
NVDANVIDIA CORPORATION360,000$39Mput
CACICACI INTL INC70,000$25.7Mshares
COINCOINBASE GLOBAL INC40,000$6.89Mcall

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000919574-25-004663 base2025-08-14acceptance time not in the bulk data set