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ALKEON CAPITAL MANAGEMENT LLC

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13F filer, CIK 1230239, New York, NY

ALKEON CAPITAL MANAGEMENT LLC reported $63,132,237,911 across 112 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 48.81% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-26-001015

Period
2025-12-31
Reported value
$63.1B
Holdings
112
Top 10 weight
48.81%
New
22
Sold out
16

Largest buys vs the previous quarter

SecurityShares changeApprox. value
QQQadded+572,200$352M
DASHnew+1,178,410$267M
RTXnew+1,250,000$229M
VRTadded+1,283,110$208M
SNPSadded+335,000$157M

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
ORCLreduced-2,247,530-$438M
ADIreduced-795,000-$216M
ARGXexited-175,000-$129M
RYTMexited-1,017,700-$103M
TJXreduced-650,000-$99.8M

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, Q4 2025

Share positions as resolved from 13F-HR 0000919574-26-001015, largest first. % of portfolio is the value over $22,870,342,819, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,572,316 shares; 2024Q4: 5,224,186 shares; 2025Q1: 5,222,558 shares; 2025Q2: 8,632,558 shares; 2025Q3: 5,802,558 shares; 2025Q4: 5,802,558 shares 5,802,558$1.82B7.94%0Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,200,994 shares; 2024Q4: 6,150,994 shares; 2025Q1: 6,150,977 shares; 2025Q2: 5,563,668 shares; 2025Q3: 5,263,668 shares; 2025Q4: 5,438,668 shares 5,438,668$1.65B7.23%+175,000Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,964,931 shares; 2024Q4: 7,514,931 shares; 2025Q1: 7,519,899 shares; 2025Q2: 6,274,899 shares; 2025Q3: 6,024,899 shares; 2025Q4: 5,799,899 shares 5,799,899$1.34B5.85%-225,000Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,978,504 shares; 2024Q4: 2,875,314 shares; 2025Q1: 2,674,629 shares; 2025Q2: 2,142,629 shares; 2025Q3: 2,059,629 shares; 2025Q4: 1,992,629 shares 1,992,629$1.32B5.75%-67,000Timeline
LRCXLAM RESEARCH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,458,720 shares; 2025Q1: 7,954,456 shares; 2025Q2: 8,504,456 shares; 2025Q3: 6,420,456 shares; 2025Q4: 6,420,456 shares 6,420,456$1.1B4.81%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,728,813 shares; 2024Q4: 1,727,953 shares; 2025Q1: 1,726,176 shares; 2025Q2: 1,726,176 shares; 2025Q3: 1,976,176 shares; 2025Q4: 1,976,176 shares 1,976,176$956M4.18%0Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 849,777 shares; 2024Q4: 849,777 shares; 2025Q1: 849,777 shares; 2025Q2: 849,777 shares; 2025Q3: 849,777 shares; 2025Q4: 1,421,977 shares 1,421,977$874M3.82%+572,200Timeline
KLACKLA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 945,835 shares; 2024Q4: 1,005,835 shares; 2025Q1: 1,005,365 shares; 2025Q2: 980,365 shares; 2025Q3: 710,365 shares; 2025Q4: 710,365 shares 710,365$863M3.77%0Timeline
EXPEEXPEDIA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,576,472 shares; 2024Q4: 1,976,472 shares; 2025Q1: 2,375,276 shares; 2025Q2: 2,475,276 shares; 2025Q3: 2,475,276 shares; 2025Q4: 2,475,276 shares 2,475,276$701M3.07%0Timeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,315,237 shares; 2024Q4: 2,315,237 shares; 2025Q1: 2,313,833 shares; 2025Q2: 2,813,833 shares; 2025Q3: 2,813,833 shares; 2025Q4: 2,018,833 shares 2,018,833$548M2.39%-795,000Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,469,452 shares; 2024Q4: 1,469,452 shares; 2025Q1: 1,468,618 shares; 2025Q2: 1,468,618 shares; 2025Q3: 1,468,618 shares; 2025Q4: 1,468,618 shares 1,468,618$515M2.25%0Timeline
CDNSCADENCE DESIGN SYSTEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,623,604 shares; 2024Q4: 1,623,604 shares; 2025Q1: 1,622,874 shares; 2025Q2: 1,622,874 shares; 2025Q3: 1,622,874 shares; 2025Q4: 1,622,874 shares 1,622,874$507M2.22%0Timeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,400,000 shares; 2024Q4: 2,400,000 shares; 2025Q1: 2,550,953 shares; 2025Q2: 2,670,953 shares; 2025Q3: 4,104,603 shares; 2025Q4: 3,744,603 shares 3,744,603$506M2.21%-360,000Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 190,633 shares; 2024Q4: 190,633 shares; 2025Q1: 220,499 shares; 2025Q2: 240,499 shares; 2025Q3: 240,499 shares; 2025Q4: 240,499 shares 240,499$484M2.12%0Timeline
CEGCONSTELLATION ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,367,554 shares; 2024Q4: 1,267,554 shares; 2025Q1: 891,219 shares; 2025Q2: 1,141,219 shares; 2025Q3: 1,041,219 shares; 2025Q4: 1,371,219 shares 1,371,219$484M2.12%+330,000Timeline
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 668,637 shares; 2024Q4: 668,637 shares; 2025Q1: 668,278 shares; 2025Q2: 668,278 shares; 2025Q3: 668,278 shares; 2025Q4: 1,003,278 shares 1,003,278$471M2.06%+335,000Timeline
TERTERADYNE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,144,017 shares; 2024Q4: 1,544,017 shares; 2025Q1: 1,482,910 shares; 2025Q2: 1,932,910 shares; 2025Q3: 2,872,910 shares; 2025Q4: 2,432,910 shares 2,432,910$471M2.06%-440,000Timeline
MLMMARTIN MARIETTA MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 526,198 shares; 2024Q4: 771,198 shares; 2025Q1: 770,351 shares; 2025Q2: 802,351 shares; 2025Q3: 747,351 shares; 2025Q4: 747,351 shares 747,351$465M2.03%0Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 778,879 shares; 2024Q4: 778,879 shares; 2025Q1: 778,465 shares; 2025Q2: 778,465 shares; 2025Q3: 778,465 shares; 2025Q4: 778,465 shares 778,465$444M1.94%0Timeline
TJXTJX COS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,381,901 shares; 2024Q4: 3,951,901 shares; 2025Q1: 3,449,971 shares; 2025Q2: 3,449,971 shares; 2025Q3: 3,449,971 shares; 2025Q4: 2,799,971 shares 2,799,971$430M1.88%-650,000Timeline
VMCVULCAN MATLS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 832,001 shares; 2024Q4: 1,282,001 shares; 2025Q1: 1,338,346 shares; 2025Q2: 1,478,646 shares; 2025Q3: 1,478,646 shares; 2025Q4: 1,478,646 shares 1,478,646$422M1.84%0Timeline
CGCARLYLE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,239,907 shares; 2024Q4: 5,244,455 shares; 2025Q1: 5,241,316 shares; 2025Q2: 5,941,316 shares; 2025Q3: 5,941,316 shares; 2025Q4: 5,941,316 shares 5,941,316$351M1.54%0Timeline
VRTVERTIV HOLDINGS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 720,000 shares; 2025Q4: 2,003,110 shares 2,003,110$325M1.42%+1,283,110Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,221,890 shares; 2024Q4: 1,546,890 shares; 2025Q1: 356,357 shares; 2025Q2: 1,356,357 shares; 2025Q3: 1,506,357 shares; 2025Q4: 1,946,357 shares 1,946,357$314M1.37%+440,000Timeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,801,057 shares; 2024Q4: 1,801,057 shares; 2025Q1: 1,800,310 shares; 2025Q2: 1,800,310 shares; 2025Q3: 1,800,310 shares; 2025Q4: 1,800,310 shares 1,800,310$292M1.27%0Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,287,885 shares; 2024Q4: 3,462,885 shares; 2025Q1: 3,461,005 shares; 2025Q2: 2,961,005 shares; 2025Q3: 3,361,005 shares; 2025Q4: 3,361,005 shares 3,361,005$275M1.2%0Timeline
BWXTBWX TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 600,048 shares; 2025Q3: 1,578,048 shares; 2025Q4: 1,580,848 shares 1,580,848$273M1.19%+2,800Timeline
DASHDOORDASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 260,000 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,178,410 shares 1,178,410$267M1.17%newTimeline
ETRENTERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,274,291 shares; 2025Q2: 2,604,291 shares; 2025Q3: 3,004,291 shares; 2025Q4: 2,736,012 shares 2,736,012$253M1.11%-268,279Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,250,000 shares 1,250,000$229M1%newTimeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,750,000 shares; 2025Q4: 1,800,000 shares 1,800,000$225M0.98%+50,000Timeline
TDGTRANSDIGM GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 195,791 shares; 2024Q4: 245,791 shares; 2025Q1: 245,611 shares; 2025Q2: 195,611 shares; 2025Q3: 195,611 shares; 2025Q4: 165,611 shares 165,611$220M0.96%-30,000Timeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 300,000 shares; 2024Q4: 700,000 shares; 2025Q1: 700,000 shares; 2025Q2: 700,000 shares; 2025Q3: 700,000 shares; 2025Q4: 700,000 shares 700,000$216M0.94%0Timeline
PWRQUANTA SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 650,000 shares; 2024Q4: 701,285 shares; 2025Q1: 700,983 shares; 2025Q2: 700,983 shares; 2025Q3: 700,983 shares; 2025Q4: 500,983 shares 500,983$211M0.92%-200,000Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 408,975 shares; 2024Q4: 408,975 shares; 2025Q1: 358,775 shares; 2025Q2: 233,775 shares; 2025Q3: 233,775 shares; 2025Q4: 233,775 shares 233,775$179M0.78%0Timeline
SSNCSS&C TECH HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,316,252 shares; 2024Q4: 1,966,252 shares; 2025Q1: 1,964,916 shares; 2025Q2: 1,964,916 shares; 2025Q3: 1,764,916 shares; 2025Q4: 1,764,916 shares 1,764,916$154M0.67%0Timeline
YMMFULL TRUCK ALLIANCE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,276,570 shares; 2024Q4: 13,921,570 shares; 2025Q1: 13,908,535 shares; 2025Q2: 14,698,535 shares; 2025Q3: 14,198,535 shares; 2025Q4: 14,198,535 shares 14,198,535$152M0.67%0Timeline
BURLBURLINGTON STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 300,000 shares; 2025Q2: 350,000 shares; 2025Q3: 525,000 shares; 2025Q4: 525,000 shares 525,000$152M0.66%0Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,100,000 shares; 2025Q2: 2,004,000 shares; 2025Q3: 2,004,000 shares; 2025Q4: 2,004,000 shares 2,004,000$148M0.65%0Timeline
MDGLMADRIGAL PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 120,000 shares; 2025Q4: 240,000 shares 240,000$140M0.61%+120,000Timeline
NINISOURCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,461,500 shares; 2025Q2: 2,561,500 shares; 2025Q3: 3,100,500 shares; 2025Q4: 3,230,500 shares 3,230,500$135M0.59%+130,000Timeline
DELLDELL TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,146,777 shares; 2024Q4: 2,246,777 shares; 2025Q1: 3,177,809 shares; 2025Q2: 2,562,409 shares; 2025Q3: 1,562,409 shares; 2025Q4: 1,062,409 shares 1,062,409$134M0.58%-500,000Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 449,078 shares; 2024Q4: 449,078 shares; 2025Q1: 648,594 shares; 2025Q2: 648,594 shares; 2025Q3: 648,594 shares; 2025Q4: 468,594 shares 468,594$113M0.49%-180,000Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 169,548 shares; 2024Q4: 169,548 shares; 2025Q1: 190,416 shares; 2025Q2: 190,416 shares; 2025Q3: 190,416 shares; 2025Q4: 190,416 shares 190,416$99.5M0.44%0Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 306,970 shares; 2024Q4: 306,970 shares; 2025Q1: 306,735 shares; 2025Q2: 306,735 shares; 2025Q3: 306,735 shares; 2025Q4: 306,735 shares 306,735$99.4M0.43%0Timeline
CMICUMMINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 190,000 shares 190,000$97M0.42%newTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 131,500 shares 131,500$89.7M0.39%newTimeline
ROSTROSS STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,613,133 shares; 2024Q4: 713,133 shares; 2025Q1: 712,635 shares; 2025Q2: 712,635 shares; 2025Q3: 712,635 shares; 2025Q4: 472,635 shares 472,635$85.1M0.37%-240,000Timeline
EDUNEW ORIENTAL ED & TECHNOLOGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,563,597 shares; 2024Q4: 1,303,597 shares; 2025Q1: 1,089,486 shares; 2025Q2: 2,193,486 shares; 2025Q3: 1,447,986 shares; 2025Q4: 1,447,986 shares 1,447,986$79.7M0.35%0Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 428,730 shares; 2024Q4: 428,730 shares; 2025Q1: 428,401 shares; 2025Q2: 428,401 shares; 2025Q3: 428,401 shares; 2025Q4: 428,401 shares 428,401$75.2M0.33%0Timeline
JCIJOHNSON CONTROLS INTERNATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,400,000 shares; 2025Q2: 1,220,000 shares; 2025Q3: 620,000 shares; 2025Q4: 620,000 shares 620,000$74.2M0.32%0Timeline
YUMYUM BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 465,951 shares; 2024Q4: 465,951 shares; 2025Q1: 465,603 shares; 2025Q2: 465,603 shares; 2025Q3: 465,603 shares; 2025Q4: 465,603 shares 465,603$70.4M0.31%0Timeline
SOXXISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 192,600 shares 192,600$58M0.25%newTimeline
SOLSSOLSTICE ADVANCED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,125,000 shares 1,125,000$54.7M0.24%newTimeline
ALABASTERA LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,000 shares; 2024Q4: 400,000 shares; 2025Q1: 400,000 shares; 2025Q2: 400,000 shares; 2025Q3: 250,000 shares; 2025Q4: 325,000 shares 325,000$54.1M0.24%+75,000Timeline
SAROSTANDARDAERO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,620,000 shares; 2025Q1: 1,820,000 shares; 2025Q2: 1,990,000 shares; 2025Q3: 1,952,019 shares; 2025Q4: 1,702,019 shares 1,702,019$48.8M0.21%-250,000Timeline
NAVNNAVAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,686,828 shares 2,686,828$45.9M0.2%newTimeline
RBRKRUBRIK INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 500,000 shares; 2025Q1: 700,000 shares; 2025Q2: 700,000 shares; 2025Q3: 700,000 shares; 2025Q4: 600,000 shares 600,000$45.9M0.2%-100,000Timeline
DIASTATE STR SPDR DOW JONES INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 93,900 shares 93,900$45.1M0.2%newTimeline
TLTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 511,000 shares 511,000$44.5M0.19%newTimeline
CTASCINTAS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 236,716 shares; 2024Q4: 236,716 shares; 2025Q1: 236,539 shares; 2025Q2: 236,539 shares; 2025Q3: 236,539 shares; 2025Q4: 236,539 shares 236,539$44.5M0.19%0Timeline
IWMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 179,500 shares 179,500$44.2M0.19%newTimeline
PATHUIPATH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,061,276 shares; 2024Q4: 4,061,276 shares; 2025Q1: 4,061,276 shares; 2025Q2: 4,061,276 shares; 2025Q3: 4,061,276 shares; 2025Q4: 2,611,276 shares 2,611,276$42.8M0.19%-1,450,000Timeline
JDJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,027,272 shares; 2024Q4: 3,777,272 shares; 2025Q1: 4,523,802 shares; 2025Q2: 4,023,802 shares; 2025Q3: 2,523,802 shares; 2025Q4: 1,471,173 shares 1,471,173$42.2M0.18%-1,052,629Timeline
TOSTTOAST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 500,000 shares; 2024Q4: 500,000 shares; 2025Q1: 500,000 shares; 2025Q2: 900,000 shares; 2025Q3: 900,000 shares; 2025Q4: 1,150,000 shares 1,150,000$40.8M0.18%+250,000Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 674,953 shares; 2024Q4: 574,953 shares; 2025Q1: 571,439 shares; 2025Q2: 211,439 shares; 2025Q3: 211,439 shares; 2025Q4: 211,439 shares 211,439$39.4M0.17%0Timeline
ORICORIC PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,904,096 shares; 2024Q4: 3,904,096 shares; 2025Q1: 4,004,096 shares; 2025Q2: 4,504,096 shares; 2025Q3: 4,504,096 shares; 2025Q4: 4,504,096 shares 4,504,096$36.8M0.16%0Timeline
HNGEHINGE HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 376,011 shares; 2025Q3: 376,011 shares; 2025Q4: 791,104 shares 791,104$36.7M0.16%+415,093Timeline
TWLOTWILIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 250,000 shares 250,000$35.6M0.16%newTimeline
AGXARGAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 120,000 shares; 2025Q4: 108,845 shares 108,845$34.1M0.15%-11,155Timeline
IRENIREN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,000,000 shares; 2025Q3: 1,500,000 shares; 2025Q4: 800,000 shares 800,000$30.2M0.13%-700,000Timeline
FROGJFROG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,425 shares; 2024Q4: 14,425 shares; 2025Q1: 14,425 shares; 2025Q2: 214,425 shares; 2025Q3: 714,425 shares; 2025Q4: 414,425 shares 414,425$25.9M0.11%-300,000Timeline
MDBMONGODB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 120,000 shares; 2025Q4: 50,000 shares 50,000$21M0.09%-70,000Timeline
CMGCHIPOTLE MEXICAN GRILL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,001,250 shares; 2024Q4: 1,001,250 shares; 2025Q1: 1,000,289 shares; 2025Q2: 1,000,289 shares; 2025Q3: 500,289 shares; 2025Q4: 500,289 shares 500,289$18.5M0.08%0Timeline
BEKEKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,025,999 shares; 2024Q4: 5,025,999 shares; 2025Q1: 4,272,723 shares; 2025Q2: 2,772,723 shares; 2025Q3: 2,147,723 shares; 2025Q4: 1,093,559 shares 1,093,559$17.2M0.08%-1,054,164Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,627 shares; 2024Q4: 56,627 shares; 2025Q1: 56,627 shares; 2025Q2: 56,627 shares; 2025Q3: 56,627 shares; 2025Q4: 56,627 shares 56,627$15.4M0.07%0Timeline
DLODLOCAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 823,837 shares; 2024Q4: 823,837 shares; 2025Q1: 823,837 shares; 2025Q2: 823,837 shares; 2025Q3: 823,837 shares; 2025Q4: 823,837 shares 823,837$11.6M0.05%0Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,520,000 shares; 2025Q3: 2,297,530 shares; 2025Q4: 50,000 shares 50,000$9.75M0.04%-2,247,530Timeline
NOWSERVICENOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 60,170 shares 60,170$9.22M0.04%newTimeline
OSONESTREAM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,526,261 shares; 2025Q2: 950,000 shares; 2025Q3: 800,000 shares; 2025Q4: 475,000 shares 475,000$8.73M0.04%-325,000Timeline
ANROALTO NEUROSCIENCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 934,904 shares; 2024Q4: 477,101 shares; 2025Q1: 477,101 shares; 2025Q2: 477,101 shares; 2025Q3: 477,101 shares; 2025Q4: 477,101 shares 477,101$8.49M0.04%0Timeline
BTDRBITDEER TECHNOLOGIES GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 475,000 shares 475,000$5.32M0.02%newTimeline
PCTYPAYLOCITY HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,683 shares; 2024Q4: 24,683 shares; 2025Q1: 24,683 shares; 2025Q2: 24,683 shares; 2025Q3: 24,683 shares; 2025Q4: 24,683 shares 24,683$3.76M0.02%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 SHSput22,200,000$15.1B-1,700,000
QQQINVESCO QQQ TR COMput22,126,700$13.6B-3,507,100
NVDANVIDIA CORPORATION COMcall7,500,000$1.4B+2,500,000
BKNGBOOKING HOLDINGS INC COMcall175,000$937M+45,000
MSFTMICROSOFT CORP COMcall1,500,000$725M-1,450,000
LRCXLAM RESEARCH CORP COMput4,000,000$685Mnew
AAPLAPPLE INC COMcall2,425,400$659M-1,174,600
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADScall2,000,000$608M-4,000,000
MARMARRIOTT INTL INC NEW Stockcall1,862,600$578M+254,600
AMDADVANCED MICRO DEVICES INC COMput2,500,000$535Mnew
KLACKLA CORP COMput400,000$486Mnew
AMZNAMAZON COM INC COMcall2,100,000$485M-1,900,000
TSLATESLA INC COMcall1,000,000$450M-4,000,000
HLTHILTON WORLDWIDE HLDGS INC Stockcall1,500,000$431M0
MMM3M CO Stockcall2,650,000$424M+680,000
CRMSALESFORCE INC COMcall1,400,000$371M0
SHOPSHOPIFY INC CL A SUB VTG SHScall2,250,000$362Mnew
AVGOBROADCOM INC COMcall1,001,300$347M-1,298,700
DASHDOORDASH INC Stockcall1,500,000$340M-3,600,000
AMDADVANCED MICRO DEVICES INC COMcall1,250,000$268Mnew
PLTRPALANTIR TECHNOLOGIES INC COMcall1,500,000$267Mnew
LVSLAS VEGAS SANDS CORP Stockcall4,050,000$264M-450,000
ORCLORACLE CORP COMcall1,000,000$195Mnew
MCHPMICROCHIP TECHNOLOGY INC. Stockcall2,800,000$178Mnew
WYNNWYNN RESORTS LTD COMcall1,441,100$173M-3,558,900
GOOGLALPHABET INC COMcall500,000$156M-1,500,000
RDDTREDDIT INC Stockcall400,000$91.9M+200,000
GBTCGRAYSCALE BITCOIN TRUST ETF SHS REP COM UTcall920,000$62.9M+270,000
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADSput175,000$53.2Mnew

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
METAMETA PLATFORMS INC550,000$404Mcall
ARGXARGENX SE175,000$129Mshares
RYTMRHYTHM PHARMACEUTICALS INC1,017,700$103Mshares
CRWVCOREWEAVE INC730,000$99.9Mcall
AKROAKERO THERAPEUTICS INC1,850,934$87.9Mshares
INSMINSMED INC500,000$72Mshares
XYZBLOCK INC866,200$62.6Mshares
AMZNAMAZON COM INC225,000$49.4Mput
METAMETA PLATFORMS INC67,000$49.2Mput
BCRXBIOCRYST PHARMACEUTICALS INC5,464,021$41.5Mshares
NIQNIQ GLOBAL INTELLIGENCE PLC1,840,000$28.9Mshares
SNOWSNOWFLAKE INC100,000$22.6Mshares
FIGFIGMA INC431,164$22.4Mshares
KROSKEROS THERAPEUTICS INC850,511$13.5Mshares
RINGCENTRAL INCRINGCENTRAL INC10,000,000$9.74Mshares
MREOMEREO BIOPHARMA GROUP PLC3,698,100$7.62Mshares

How Q4 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 0000919574-26-001015 base2026-02-17acceptance time not in the bulk data set