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Technology Crossover Management XI, Ltd.

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13F filer, CIK 1977402, MENLO PARK, CA

Technology Crossover Management XI, Ltd. reported $740,210,816 across 2 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-06.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-26-011497

Period
2025-12-31
Reported value
$740M
Holdings
2
Top 10 weight
100%
New
0
Sold out
1

Largest buys vs the previous quarter

None.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
CARTexited-2,700,000-$99.3M

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 0001104659-26-011497, largest first. % of portfolio is the value over $740,210,816, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SPOTSPOTIFY TECHNOLOGY S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,297,323 shares; 2024Q4: 1,297,323 shares; 2025Q1: 1,297,323 shares; 2025Q2: 1,000,000 shares; 2025Q3: 1,000,000 shares; 2025Q4: 1,000,000 shares 1,000,000$581M78.45%0Timeline
ZZILLOW GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,338,036 shares; 2024Q4: 2,338,036 shares; 2025Q1: 2,338,036 shares; 2025Q2: 2,338,036 shares; 2025Q3: 2,338,036 shares; 2025Q4: 2,338,036 shares 2,338,036$160M21.55%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
CARTMAPLEBEAR INC2,700,000$99.3Mshares

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 0001104659-26-011497 base2026-02-06acceptance time not in the bulk data set