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Asset Manager ← All Institutions

ZEVENBERGEN CAPITAL INVESTMENTS LLC

326 ADMIRAL WAY STE 200, EDMONDS, WA 98020 • 2066828469

Q2 2025 · Filed 2025-07-07
Market Value
$1.5B
+19.9%
Holdings
44
+1
New Purchases
3
Added To
14
Closed
1
Reduced
23
Top 10 Concentration
68.8%
Turnover
9.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RKLB 2.57% 0.00% +2.57% $39M
ARM 5.12% 4.01% +1.12% $77M
SNOW 4.47% 3.60% +0.86% $67M
DXCM 3.61% 2.84% +0.78% $54M
MSFT 10.55% 9.87% +0.67% $159M
WING 3.69% 3.06% +0.64% $56M
TOST 6.34% 5.87% +0.47% $95M
MU 2.48% 2.15% +0.33% $37M
APH 1.15% 0.92% +0.23% $17M
DE 0.11% 0.00% +0.11% $2M
ANET 1.67% 1.56% +0.11% $25M
MPWR 2.06% 1.97% +0.09% $31M
INTU 1.34% 1.26% +0.08% $20M
KLAC 0.89% 0.81% +0.08% $13M
CWAN 1.99% 1.94% +0.05% $30M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 6.48% 8.62% -2.14% $98M
AMD 5.61% 7.21% -1.60% $85M
AMZN 16.25% 17.54% -1.30% $245M
PANW 5.56% 6.49% -0.92% $84M
ABNB 2.32% 2.82% -0.50% $35M
HUBS 1.47% 1.89% -0.41% $22M
QCOM 1.11% 1.49% -0.38% $17M
NTRA 4.55% 4.84% -0.28% $69M
RGEN 0.71% 0.89% -0.18% $11M
PGR 0.32% 0.41% -0.09% $5M
BDX 0.00% 0.09% -0.09% $0
PAYX 0.22% 0.27% -0.06% $3M
AMGN 0.18% 0.24% -0.05% $3M
CDNS 0.82% 0.87% -0.05% $12M
HD 0.27% 0.32% -0.05% $4M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 64.6%
Consumer Cyclical 12.0%
Industrials 10.2%
Healthcare 7.3%
Financial Services 5.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 12 $750M 49.8%
Large Cap 27 $660M 43.8%
Mid Cap 5 $97M 6.5%

Portfolio Analytics

Avg Market Cap
$382.1B
Median Market Cap
$95.3B
Avg P/E
57.1
Median P/E
33.5
Avg Dividend Yield
0.01%
Avg Beta
1.30
# Stocks
43
# ETFs / Funds
1

Top Holdings (44 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AMZN 16.25% 1,115,625 $245M $219.39 $24M -42,474 -3.7%
2 MSFT 10.55% 319,428 $159M $497.41 $35M -11,004 -3.3%
3 AAPL 6.48% 475,911 $98M $205.17 -$11M -11,620 -2.4%
4 TOST 6.34% 2,156,167 $95M $44.29 $22M -68,174 -3.1%
5 AMD 5.61% 595,989 $85M $141.90 -$6M -285,800 -32.4%
6 PANW 5.56% 409,408 $84M $204.64 $2M -68,046 -14.2%
7 ARM 5.12% 477,289 $77M $161.74 $27M +5,762 +1.2%
8 NTRA 4.55% 405,982 $69M $168.94 $8M -23,683 -5.5%
9 SNOW 4.47% 300,798 $67M $223.77 $22M -8,982 -2.9%
10 VEEV 3.92% 204,943 $59M $287.98 $10M -5,390 -2.6%
11 WING 3.69% 165,246 $56M $336.74 $17M -5,059 -3.0%
12 DXCM 3.61% 623,335 $54M $87.29 $19M +101,782 +19.5%
13 RKLB 2.57% 1,082,356 $39M $35.77 +1,082,356 NEW
14 MU 2.48% 303,150 $37M $123.25 $10M -7,650 -2.5%
15 ABNB 2.32% 263,569 $35M $132.34 -$537K -32,916 -11.1%
16 MPWR 2.06% 42,428 $31M $731.38 $6M -255 -0.6%
17 CWAN 1.99% 1,366,580 $30M $21.93 $6M +457,151 +50.3%
18 ANET 1.67% 245,400 $25M $102.31 $5M -7,700 -3.0%
19 HUBS 1.47% 39,910 $22M $556.63 -$1M -1,555 -3.8%
20 INTU 1.34% 25,706 $20M $787.63 $4M -95 -0.4%
21 APH 1.15% 175,790 $17M $98.75 $6M -220 -0.1%
22 QCOM 1.11% 105,137 $17M $159.26 -$2M -16,835 -13.8%
23 KLAC 0.89% 15,000 $13M $895.74 $3M
24 AMAT 0.85% 70,000 $13M $183.07 $3M
25 CDNS 0.82% 40,060 $12M $308.15 $1M -2,965 -6.9%
26 RGEN 0.71% 86,015 $11M $124.38 -$446K -1,572 -1.8%
27 PGR 0.32% 17,900 $5M $266.86 -$371K -290 -1.6%
28 CTAS 0.30% 19,985 $4M $222.87 $361K +70 +0.3%
29 HD 0.27% 11,032 $4M $366.64 $44K +115 +1.1%
30 PAYX 0.22% 22,590 $3M $145.46 -$149K +325 +1.5%
31 ABT 0.19% 21,009 $3M $136.01 $96K +195 +0.9%
32 BE 0.19% 118,200 $3M $23.92 $392K -5,650 -4.6%
33 AMGN 0.18% 9,854 $3M $279.21 -$228K +290 +3.0%
34 PCAR 0.15% 23,645 $2M $95.06 $24K +810 +3.5%
35 JNJ 0.11% 10,739 $2M $152.75 -$83K +350 +3.4%
36 DE 0.11% 3,210 $2M $508.49 +3,210 NEW
37 ECL 0.10% 5,690 $2M $269.44 $139K +190 +3.5%
38 SBUX 0.07% 11,212 $1M $91.63 -$57K +160 +1.4%
39 TSCO 0.07% 18,705 $987K $52.77 -$34K +175 +0.9%
40 DIS 0.05% 5,808 $720K $124.01 $194K +480 +9.0%
41 DSI 0.05% 6,075 $706K $116.16 $14K -675 -10.0%
42 AXP 0.04% 1,700 $542K $318.98 $85K
43 CAVA 0.02% 3,975 $335K $84.23 +3,975 NEW
44 BDX —% -$1M -4,835 -100.0% SOLD

New Positions

SymbolValue% Port
RKLB $39M 2.57%
DE $2M 0.11%
CAVA $335K 0.02%

Sold Out Positions

SymbolValue% Port
BDX —%
View SEC EDGAR Filings for ZEVENBERGEN CAPITAL INVESTMENTS LLC →

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