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ALKEON CAPITAL MANAGEMENT LLC

Q4 2025 · Filed 2026-02-17
Market Value
$22.7B
+3.6%
Holdings
92
+6
New Purchases
13
Added To
13
Closed
10
Reduced
23
Top 10 Concentration
49.1%
Turnover
25.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 7.99% 6.43% +1.56% $1.8B
QQQ 3.84% 2.33% +1.52% $874M
DASH 1.17% 0.00% +1.17% $267M
RTX 1.01% 0.00% +1.01% $229M
VRT 1.43% 0.50% +0.93% $325M
LRCX 4.84% 3.92% +0.92% $1.1B
EXPE 3.09% 2.41% +0.67% $701M
TSM 7.27% 6.70% +0.57% $1.7B
SNPS 2.07% 1.50% +0.57% $471M
CEG 2.13% 1.56% +0.57% $484M
CMI 0.43% 0.00% +0.43% $97M
SPY 0.39% 0.00% +0.39% $90M
MDGL 0.62% 0.25% +0.36% $140M
KLAC 3.80% 3.49% +0.31% $863M
TER 2.07% 1.80% +0.27% $471M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ORCL 0.04% 2.94% -2.90% $10M
META 5.79% 6.89% -1.10% $1.3B
ADI 2.41% 3.15% -0.74% $548M
ARGX 0.00% 0.59% -0.59% $0
RYTM 0.00% 0.47% -0.47% $0
MSFT 4.21% 4.66% -0.46% $956M
MELI 2.13% 2.56% -0.43% $484M
DELL 0.59% 1.01% -0.42% $134M
AKRO 0.00% 0.40% -0.40% $0
PWR 0.93% 1.32% -0.39% $211M
TJX 1.89% 2.27% -0.38% $430M
CDNS 2.23% 2.60% -0.37% $507M
INSM 0.00% 0.33% -0.33% $0
UBER 1.21% 1.50% -0.29% $275M
SQ 0.00% 0.29% -0.29% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 16 $11.5B 50.5%
Large Cap 57 $10.7B 47.1%
Mid Cap 14 $496M 2.2%
Small Cap 4 $45M 0.2%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$346.7B
Median Market Cap
$52.2B
Avg P/E
43.2
Median P/E
31.9
Avg Dividend Yield
0.01%
Avg Beta
1.14
# Stocks
86
# ETFs / Funds
6

Top Holdings (92 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOOGL 7.99% 5,802,558 $1.8B $313.00 $406M
2 TSM 7.27% 5,438,668 $1.7B $303.89 $183M +175,000 +3.3%
3 AMZN 5.89% 5,799,899 $1.3B $230.82 $16M -225,000 -3.7%
4 META 5.79% 1,992,629 $1.3B $660.09 -$197M -67,000 -3.2%
5 LRCX 4.84% 6,420,456 $1.1B $171.18 $239M
6 MSFT 4.21% 1,976,176 $956M $483.62 -$68M
7 QQQ 3.84% 1,421,977 $874M $614.31 $363M +572,200 +67.3%
8 KLAC 3.80% 710,365 $863M $1,215.08 $97M
9 EXPE 3.09% 2,475,276 $701M $283.31 $172M
10 ADI 2.41% 2,018,833 $548M $271.20 -$144M -795,000 -28.2%
11 V 2.27% 1,468,618 $515M $350.71 $14M
12 CDNS 2.23% 1,622,874 $507M $312.58 -$63M
13 APH 2.23% 3,744,603 $506M $135.14 -$2M -360,000 -8.8%
14 MELI 2.13% 240,499 $484M $2,014.26 -$78M
15 CEG 2.13% 1,371,219 $484M $353.27 $142M +330,000 +31.7%
16 SNPS 2.07% 1,003,278 $471M $469.72 $142M +335,000 +50.1%
17 TER 2.07% 2,432,910 $471M $193.56 $75M -440,000 -15.3%
18 MLM 2.05% 747,351 $465M $622.66 -$6M
19 MA 1.96% 778,465 $444M $570.88 $2M
20 TJX 1.89% 2,799,971 $430M $153.61 -$69M -650,000 -18.8%
21 VMC 1.86% 1,478,646 $422M $285.22 -$33M
22 CG 1.55% 5,941,316 $351M $59.11 -$21M
23 VRT 1.43% 2,003,110 $325M $162.01 $216M +1,283,110 +178.2%
24 VST 1.38% 1,946,357 $314M $161.33 $19M +440,000 +29.2%
25 ICE 1.28% 1,800,310 $292M $161.96 -$12M
26 UBER 1.21% 3,361,005 $275M $81.71 -$55M
27 BWXT 1.20% 1,580,848 $273M $172.84 -$18M +2,800 +0.2%
28 DASH 1.17% 1,178,410 $267M $226.48 +1,178,410 NEW
29 ETR 1.11% 2,736,012 $253M $92.43 -$27M -268,279 -8.9%
30 RTX 1.01% 1,250,000 $229M $183.40 +1,250,000 NEW
31 CRH.L 0.99% 1,800,000 $225M $124.80 $15M +50,000 +2.9%
32 TDG 0.97% 165,611 $220M $1,329.85 -$38M -30,000 -15.3%
33 GE 0.95% 700,000 $216M $308.03 $5M
34 PWR 0.93% 500,983 $211M $422.06 -$79M -200,000 -28.5%
35 EQIX 0.79% 233,775 $179M $766.16 -$4M
36 SSNC 0.68% 1,764,916 $154M $87.42 -$2M
37 YMM 0.67% 14,198,535 $152M $10.73 -$32M
38 BURL 0.67% 525,000 $152M $288.85 $18M
39 MDGL 0.62% 240,000 $140M $582.34 $85M +120,000 +100.0%
40 NI 0.59% 3,230,500 $135M $41.76 $654K +130,000 +4.2%
41 DELL 0.59% 1,062,409 $134M $125.88 -$88M -500,000 -32.0%
42 LOW 0.50% 468,594 $113M $241.16 -$50M -180,000 -27.8%
43 SPGI 0.44% 190,416 $100M $522.59 $7M
44 SHW 0.44% 306,735 $99M $324.03 -$7M
45 CMI 0.43% 190,000 $97M $510.45 +190,000 NEW
46 SPY 0.39% 131,500 $90M $681.92 +131,500 NEW
47 ROST 0.37% 472,635 $85M $180.14 -$23M -240,000 -33.7%
48 EDU 0.35% 1,447,986 $80M $55.03 $3M
49 AMT 0.33% 428,401 $75M $175.57 -$7M
50 JCI 0.33% 620,000 $74M $119.75 $6M
51 YUM 0.31% 465,603 $70M $151.28 -$335K
52 SOXX 0.26% 192,600 $58M $301.15 +192,600 NEW
53 SOLS 0.24% 1,125,000 $55M $48.58 +1,125,000 NEW
54 ALAB 0.24% 325,000 $54M $166.36 $5M +75,000 +30.0%
55 SARO 0.21% 1,702,019 $49M $28.68 -$4M -250,000 -12.8%
56 NAVN 0.20% 2,686,828 $46M $17.08 +2,686,828 NEW
57 RBRK 0.20% 600,000 $46M $76.48 -$12M -100,000 -14.3%
58 DIA 0.20% 93,900 $45M $480.57 +93,900 NEW
59 TLT 0.20% 511,000 $45M $87.16 +511,000 NEW
60 CTAS 0.20% 236,539 $44M $188.07 -$4M
61 IWM 0.19% 179,500 $44M $246.16 +179,500 NEW
62 PATH 0.19% 2,611,276 $43M $16.39 -$12M -1,450,000 -35.7%
63 JD 0.19% 1,471,173 $42M $28.70 -$46M -1,052,629 -41.7%
64 TOST 0.18% 1,150,000 $41M $35.51 $8M +250,000 +27.8%
65 NVDA 0.17% 211,439 $39M $186.50 -$17K
66 ORIC 0.16% 4,504,096 $37M $8.18 -$17M
67 HNGE 0.16% 791,104 $37M $46.45 $18M +415,093 +110.4%
68 TWLO 0.16% 250,000 $36M $142.24 +250,000 NEW
69 AGX 0.15% 108,845 $34M $313.32 $2M -11,155 -9.3%
70 IREN 0.13% 800,000 $30M $37.77 -$40M -700,000 -46.7%
71 FROG 0.11% 414,425 $26M $62.46 -$8M -300,000 -42.0%
72 MDB 0.09% 50,000 $21M $419.69 -$16M -70,000 -58.3%
73 CMG 0.08% 500,289 $19M $37.00 -$1M
74 BEKE 0.08% 1,093,559 $17M $15.76 -$24M -1,054,164 -49.1%
75 AAPL 0.07% 56,627 $15M $271.86 $976K
76 DLO 0.05% 823,837 $12M $14.14 -$115K
77 ORCL 0.04% 50,000 $10M $194.91 -$636M -2,247,530 -97.8%
78 NOW 0.04% 60,170 $9M $153.19 +60,170 NEW
79 OS 0.04% 475,000 $9M $18.38 -$6M -325,000 -40.6%
80 ANRO 0.04% 477,101 $8M $17.80 $7M
81 BTDR 0.02% 475,000 $5M $11.21 +475,000 NEW
82 PCTY 0.02% 24,683 $4M $152.50 -$167K
83 FIG —% -$22M -431,164 -100.0% SOLD
84 MREO —% -$8M -3,698,100 -100.0% SOLD
85 RYTM —% -$103M -1,017,700 -100.0% SOLD
86 ARGX —% -$129M -175,000 -100.0% SOLD
87 SNOW —% -$23M -100,000 -100.0% SOLD
88 BCRX —% -$41M -5,464,021 -100.0% SOLD
89 INSM —% -$72M -500,000 -100.0% SOLD
90 SQ —% -$63M -866,200 -100.0% SOLD
91 AKRO —% -$88M -1,850,934 -100.0% SOLD
92 KROS —% -$13M -850,511 -100.0% SOLD

Options Breakdown

25 Calls $9.8B Call Value 8 Puts $30.5B Put Value 3.12 P/C Ratio

Top Calls

SymbolSharesValueStatus
NVDA 7,500,000 $1.4B
BKNG 175,000 $937M
MSFT 1,500,000 $725M
AAPL 2,425,400 $659M
TSM 2,000,000 $608M
MAR 1,862,600 $578M
AMZN 2,100,000 $485M
TSLA 1,000,000 $450M
HLT 1,500,000 $431M
MMM 2,650,000 $424M

Top Puts

SymbolSharesValueStatus
SPY 22,200,000 $15.1B
QQQ 22,126,700 $13.6B
LRCX 4,000,000 $685M NEW
AMD 2,500,000 $535M NEW
KLAC 400,000 $486M NEW
TSM 175,000 $53M NEW
AMZN $0 SOLD
META $0 SOLD

New Positions

SymbolValue% Port
DASH $267M 1.17%
RTX $229M 1.01%
CMI $97M 0.43%
SPY $90M 0.39%
SOXX $58M 0.26%
SOLS $55M 0.24%
NAVN $46M 0.20%
DIA $45M 0.20%
TLT $45M 0.20%
IWM $44M 0.19%
TWLO $36M 0.16%
NOW $9M 0.04%
BTDR $5M 0.02%

Sold Out Positions

SymbolValue% Port
SNOW —%
FIG —%
KROS —%
ARGX —%
BCRX —%
MREO —%
INSM —%
RYTM —%
AKRO —%
SQ —%
View SEC EDGAR Filings for ALKEON CAPITAL MANAGEMENT LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms