Skip to content
Disclosery

Valiant Capital Management, L.P.

Follow

13F filer, CIK 1452689, San Francisco, CA

Valiant Capital Management, L.P. reported $1,740,814,740 across 34 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 72.55% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000935836-26-000259

Period
2026-03-31
Reported value
$1.74B
Holdings
34
Top 10 weight
72.55%
New
5
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SPYadded+109,000$70.9M
IWMadded+250,500$62.1M
SEIadded+385,004$21.8M
RHadded+118,511$16.6M
CORZadded+514,901$7.7M

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
AGXreduced-75,030-$40.9M
VSTexited-178,927-$28.9M
NFLXexited-185,880-$17.4M
GEVreduced-7,080-$6.18M
AVGOreduced-12,200-$3.78M

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, Q1 2026

Share positions as resolved from 13F-HR 0000935836-26-000259, largest first. % of portfolio is the value over $1,270,748,763, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 176,612 shares; 2025Q2: 166,722 shares; 2025Q3: 154,502 shares; 2025Q4: 237,326 shares; 2026Q1: 346,326 shares 346,326$225M17.72%+109,000Timeline
IWMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 493,377 shares; 2025Q2: 480,107 shares; 2025Q3: 422,857 shares; 2025Q4: 657,301 shares; 2026Q1: 907,801 shares 907,801$225M17.72%+250,500Timeline
CORZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,702,943 shares; 2024Q4: 4,325,024 shares; 2025Q1: 4,422,524 shares; 2025Q2: 4,801,524 shares; 2025Q3: 6,483,103 shares; 2025Q4: 6,336,424 shares; 2026Q1: 6,851,325 shares 6,851,325$102M8.07%+514,901Timeline
GEVGE VERNOVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 91,800 shares; 2024Q4: 134,290 shares; 2025Q1: 154,953 shares; 2025Q2: 162,153 shares; 2025Q3: 109,217 shares; 2025Q4: 101,637 shares; 2026Q1: 94,557 shares 94,557$82.5M6.5%-7,080Timeline
SEISOLARIS ENERGY INFRAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 734,499 shares; 2026Q1: 1,119,503 shares 1,119,503$63.3M4.98%+385,004Timeline
PUMPPROPETRO HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,668,820 shares; 2026Q1: 4,042,993 shares 4,042,993$58.3M4.58%+374,173Timeline
GRDNGUARDIAN PHARMACY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,064,722 shares; 2025Q4: 1,232,463 shares; 2026Q1: 1,186,658 shares 1,186,658$44.7M3.52%-45,805Timeline
RHRHQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 108,500 shares; 2025Q3: 108,500 shares; 2025Q4: 182,765 shares; 2026Q1: 301,276 shares 301,276$42.1M3.31%+118,511Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 197,940 shares; 2024Q4: 197,940 shares; 2025Q1: 215,040 shares; 2025Q2: 234,740 shares; 2025Q3: 152,504 shares; 2025Q4: 138,802 shares; 2026Q1: 126,602 shares 126,602$39.2M3.08%-12,200Timeline
GDXVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 658,389 shares; 2024Q4: 658,389 shares; 2025Q1: 658,389 shares; 2025Q2: 658,389 shares; 2025Q3: 509,916 shares; 2025Q4: 464,104 shares; 2026Q1: 425,204 shares 425,204$39M3.07%-38,900Timeline
TKOTKO GROUP HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 278,759 shares; 2024Q4: 318,259 shares; 2025Q1: 318,259 shares; 2025Q2: 297,559 shares; 2025Q3: 216,355 shares; 2025Q4: 196,917 shares; 2026Q1: 180,117 shares 180,117$36.3M2.86%-16,800Timeline
PWRQUANTA SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 29,000 shares; 2024Q4: 95,205 shares; 2025Q1: 117,220 shares; 2025Q2: 111,220 shares; 2025Q3: 73,713 shares; 2025Q4: 70,381 shares; 2026Q1: 65,461 shares 65,461$35.9M2.83%-4,920Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 172,215 shares; 2024Q4: 150,115 shares; 2025Q1: 150,115 shares; 2025Q2: 179,015 shares; 2025Q3: 161,715 shares; 2025Q4: 155,404 shares; 2026Q1: 155,404 shares 155,404$32.4M2.55%0Timeline
AGXARGAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 90,000 shares; 2024Q4: 355,556 shares; 2025Q1: 421,115 shares; 2025Q2: 389,615 shares; 2025Q3: 254,600 shares; 2025Q4: 134,273 shares; 2026Q1: 59,243 shares 59,243$32.3M2.54%-75,030Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 520,300 shares; 2024Q4: 520,300 shares; 2025Q1: 678,600 shares; 2025Q2: 710,000 shares; 2025Q3: 1,061,396 shares; 2025Q4: 1,122,032 shares; 2026Q1: 1,026,232 shares 1,026,232$25.5M2.01%-95,800Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 100,195 shares; 2024Q4: 100,195 shares; 2025Q1: 100,195 shares; 2025Q2: 108,595 shares; 2025Q3: 75,606 shares; 2025Q4: 72,655 shares; 2026Q1: 66,415 shares 66,415$24.6M1.93%-6,240Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWARQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 101,972 shares; 2024Q4: 101,972 shares; 2025Q1: 101,972 shares; 2025Q2: 153,172 shares; 2025Q3: 146,672 shares; 2025Q4: 133,495 shares; 2026Q1: 122,095 shares 122,095$24.1M1.9%-11,400Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 224,415 shares; 2024Q4: 201,415 shares; 2025Q1: 201,415 shares; 2025Q2: 201,415 shares; 2025Q3: 147,793 shares; 2025Q4: 141,979 shares; 2026Q1: 129,579 shares 129,579$22.6M1.78%-12,400Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 29,526 shares; 2024Q4: 20,626 shares; 2025Q1: 20,626 shares; 2025Q2: 51,926 shares; 2025Q3: 40,217 shares; 2025Q4: 26,526 shares; 2026Q1: 24,286 shares 24,286$22.3M1.76%-2,240Timeline
ZZILLOW GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 413,150 shares; 2024Q4: 413,150 shares; 2025Q1: 413,150 shares; 2025Q2: 451,750 shares; 2025Q3: 349,877 shares; 2025Q4: 318,443 shares; 2026Q1: 473,329 shares 473,329$19.6M1.54%+154,886Timeline
CRWDCROWDSTRIKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 69,796 shares; 2024Q4: 62,996 shares; 2025Q1: 62,996 shares; 2025Q2: 69,196 shares; 2025Q3: 53,591 shares; 2025Q4: 48,776 shares; 2026Q1: 44,576 shares 44,576$17.4M1.37%-4,200Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 86,510 shares; 2024Q4: 97,610 shares; 2025Q1: 123,410 shares; 2025Q2: 132,410 shares; 2025Q3: 102,550 shares; 2025Q4: 93,336 shares; 2026Q1: 85,336 shares 85,336$15.9M1.25%-8,000Timeline
WLDNWILLDAN GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 200,897 shares; 2025Q1: 198,321 shares; 2025Q2: 198,321 shares; 2025Q3: 160,243 shares; 2025Q4: 152,531 shares; 2026Q1: 143,331 shares 143,331$11M0.86%-9,200Timeline
CRDOCREDO TECHNOLOGY GROUP HOLDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 369,364 shares; 2024Q4: 144,496 shares; 2025Q1: 144,496 shares; 2025Q2: 144,496 shares; 2025Q3: 111,909 shares; 2025Q4: 101,853 shares; 2026Q1: 93,353 shares 93,353$8.76M0.69%-8,500Timeline
NOWSERVICENOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 25,826 shares; 2024Q4: 23,626 shares; 2025Q1: 23,626 shares; 2025Q2: 25,726 shares; 2025Q3: 19,924 shares; 2025Q4: 90,666 shares; 2026Q1: 82,866 shares 82,866$8.66M0.68%-7,800Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 59,464 shares; 2024Q4: 59,464 shares; 2025Q1: 59,464 shares; 2025Q2: 59,464 shares; 2025Q3: 59,464 shares; 2025Q4: 59,464 shares; 2026Q1: 59,464 shares 59,464$4.28M0.34%0Timeline
PSIXPOWER SOLUTIONS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 35,450 shares; 2025Q1: 43,605 shares; 2025Q2: 60,505 shares; 2025Q3: 38,926 shares; 2025Q4: 40,401 shares; 2026Q1: 69,388 shares 69,388$4.22M0.33%+28,987Timeline
FPSFORGENT POWER SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 100,000 shares 100,000$2.93M0.23%newTimeline

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
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADScall409,300$138M-38,900
AMZNAMAZON COM INC COMcall625,000$130Mnew
CORZCORE SCIENTIFIC INC NEW COMcall6,407,700$95.9M+2,577,700
APOAPOLLO GLOBAL MGMT INC Stockput430,000$47.9Mnew
CGCARLYLE GROUP INC Stockput800,000$38.7Mnew
ARESARES MANAGEMENT CORPORATION Stockput175,000$19.1Mnew

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
QQQINVESCO QQQ TR560,000$344Mput
GLDSPDR GOLD TR106,100$42Mcall
VSTVISTRA CORP178,927$28.9Mshares
NFLXNETFLIX INC.185,880$17.4Mshares

How Q1 2026 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 0000935836-26-000259 base2026-05-15acceptance time not in the bulk data set