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Nicholas Investment Partners, LP

Q3 2025 · Filed 2025-11-14
Market Value
$1.1B
+13.8%
Holdings
203
+6
New Purchases
29
Added To
65
Closed
30
Reduced
38
Top 10 Concentration
24.6%
Turnover
29.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KTOS 3.45% 1.96% +1.48% $38M
ROAD 1.45% 0.00% +1.45% $16M
MOD 0.86% 0.00% +0.86% $9M
BE 0.84% 0.00% +0.84% $9M
RVMD 1.14% 0.43% +0.71% $13M
TSLA 0.78% 0.13% +0.64% $9M
MC 0.77% 0.16% +0.62% $8M
CRDO 0.84% 0.23% +0.61% $9M
BBIO 1.28% 0.71% +0.57% $14M
VRNS 0.56% 0.00% +0.56% $6M
GTES 0.55% 0.00% +0.55% $6M
MRUS 0.53% 0.00% +0.53% $6M
POWL 0.48% 0.00% +0.48% $5M
MIRM 1.45% 0.97% +0.48% $16M
JOBY 0.47% 0.00% +0.47% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VRNA 0.00% 1.95% -1.95% $0
ADMA 0.16% 1.35% -1.20% $2M
VHT 0.00% 0.98% -0.98% $0
SFM 0.00% 0.95% -0.95% $0
CWST 0.26% 1.08% -0.83% $3M
EXLS 0.00% 0.78% -0.78% $0
DSGX 0.35% 1.05% -0.70% $4M
ACVA 0.00% 0.70% -0.70% $0
FRPT 0.00% 0.62% -0.62% $0
GH 0.48% 1.09% -0.62% $5M
QXO 0.00% 0.60% -0.60% $0
ALKT 0.00% 0.59% -0.59% $0
TGTX 0.00% 0.55% -0.55% $0
CAKE 0.34% 0.88% -0.53% $4M
MCW 0.10% 0.63% -0.52% $1M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 23 $184M 16.7%
Large Cap 101 $536M 48.8%
Mid Cap 67 $358M 32.6%
Small Cap 12 $21M 1.9%

Portfolio Analytics

Avg Market Cap
$187.6B
Median Market Cap
$13.5B
Avg P/E
52.0
Median P/E
32.5
Avg Dividend Yield
0.01%
Avg Beta
1.28
# Stocks
201
# ETFs / Funds
2

Top Holdings (203 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BWXT 4.35% 259,529 $48M $184.37 $10M -5,987 -2.2%
2 KTOS 3.45% 414,462 $38M $91.37 $19M +5,945 +1.5%
3 RSI 2.57% 1,376,501 $28M $20.48 $8M -6,004 -0.4%
4 INSM 2.37% 180,451 $26M $144.01 $6M -14,943 -7.7%
5 ERJ 2.26% 411,614 $25M $60.45 $2M +5,831 +1.4%
6 REVG 2.12% 411,499 $23M $56.67 $3M -17,009 -4.0%
7 NVDA 2.07% 121,843 $23M $186.58 $3M -1,214 -1.0%
8 AVGO 2.06% 68,761 $23M $329.91 $4M -460 -0.7%
9 GEV 1.70% 30,410 $19M $614.90 $3M
10 MSFT 1.62% 34,466 $18M $517.95 $708K
11 ROAD 1.45% 125,417 $16M $127.00 +125,417 NEW
12 MIRM 1.45% 217,068 $16M $73.31 $7M +32,585 +17.7%
13 SKT 1.34% 433,591 $15M $33.84 $2M +13,712 +3.3%
14 WTFC 1.33% 110,673 $15M $132.44 $1M +2,280 +2.1%
15 CCJ 1.32% 173,449 $15M $83.86 $4M +34,518 +24.9%
16 AMZN 1.28% 64,274 $14M $219.57 $145K +609 +1.0%
17 BBIO 1.28% 271,630 $14M $51.94 $7M +112,129 +70.3%
18 MIR 1.24% 585,473 $14M $23.26 $4M +125,609 +27.3%
19 SKYW 1.19% 129,492 $13M $100.62 -$31K +2,658 +2.1%
20 RVMD 1.14% 267,911 $13M $46.70 $8M +154,785 +136.8%
21 WAL 1.10% 138,878 $12M $86.72 $6M +56,331 +68.2%
22 NCLH 1.09% 484,250 $12M $24.63 $5M +130,587 +36.9%
23 XOM 1.08% 105,500 $12M $112.75 $522K
24 ARES 1.05% 72,500 $12M $159.89 -$965K
25 PARR 1.04% 324,039 $11M $35.42 $3M +17,715 +5.8%
26 OSIS 1.04% 45,680 $11M $249.24 -$134K -5,548 -10.8%
27 BAC 1.01% 215,093 $11M $51.59 $3M +37,780 +21.3%
28 CRS 1.01% 45,171 $11M $245.54 -$1M +848 +1.9%
29 MPWR 1.00% 11,912 $11M $920.64 $2M
30 NUVL 0.98% 124,178 $11M $86.48 $3M +20,456 +19.7%
31 ALAB 0.97% 54,171 $11M $195.80 $5M -5,198 -8.8%
32 LSCC 0.95% 142,461 $10M $73.32 $5M +26,724 +23.1%
33 GS 0.94% 13,000 $10M $796.35 $1M
34 APPF 0.94% 37,283 $10M $275.66 $2M +737 +2.0%
35 BOOT 0.90% 59,556 $10M $165.72 $2M +9,458 +18.9%
36 FN 0.86% 26,046 $9M $364.62 $3M +4,848 +22.9%
37 MOD 0.86% 66,184 $9M $142.16 +66,184 NEW
38 LEU 0.85% 30,266 $9M $310.07 $3M -3,280 -9.8%
39 SPG 0.84% 49,290 $9M $187.67 $3M +12,160 +32.8%
40 CRDO 0.84% 63,364 $9M $145.61 $7M +39,251 +162.8%
41 BE 0.84% 108,934 $9M $84.57 +108,934 NEW
42 TSM 0.84% 32,914 $9M $279.29 $2M +2,062 +6.7%
43 COOP 0.80% 41,680 $9M $210.79 $4M +8,031 +23.9%
44 CDNS 0.80% 24,894 $9M $351.26 $1M
45 TSLA 0.78% 19,228 $9M $444.72 $7M +15,157 +372.3%
46 MC 0.77% 119,117 $8M $71.32 $7M +95,031 +394.6%
47 RKLB 0.77% 176,014 $8M $47.91 $2M +8,318 +5.0%
48 XPO 0.75% 63,679 $8M $129.27 $190K
49 CVLT 0.66% 38,329 $7M $188.78 $2M +9,947 +35.0%
50 WWW 0.65% 259,485 $7M $27.44 $2M +2,441 +0.9%
51 AXON 0.64% 9,788 $7M $717.64 -$1M
52 CYBR 0.59% 13,329 $6M $483.15 $1M
53 JPM 0.57% 19,967 $6M $315.43 $510K
54 SPOT 0.57% 9,004 $6M $698.00 -$463K +210 +2.4%
55 CVX 0.57% 40,000 $6M $155.29 $484K
56 VRNS 0.56% 107,322 $6M $57.47 +107,322 NEW
57 ARGX 0.55% 8,254 $6M $737.56 $2M
58 GTES 0.55% 242,353 $6M $24.82 +242,353 NEW
59 NVMI 0.54% 18,619 $6M $319.66 $940K +408 +2.2%
60 SBCF 0.54% 194,482 $6M $30.43 $2M +38,940 +25.0%
61 AXSM 0.54% 48,657 $6M $121.45 $2M +6,503 +15.4%
62 CLH 0.54% 25,353 $6M $232.22 -$2K -124 -0.5%
63 IRON 0.53% 88,003 $6M $66.08 $3M +33,558 +61.6%
64 MRUS 0.53% 61,558 $6M $94.15 +61,558 NEW
65 SNPS 0.52% 11,690 $6M $493.39 -$1M -1,927 -14.2%
66 TJX 0.51% 38,947 $6M $144.54 $820K
67 GOOG 0.51% 23,070 $6M $243.55 $2M
68 IWM 0.50% 22,884 $6M $241.96 -$790K -6,435 -21.9%
69 NTRA 0.50% 34,376 $6M $160.97 $180K +2,690 +8.5%
70 MTSI 0.50% 44,380 $6M $124.49 -$647K +1,306 +3.0%
71 UEC 0.49% 405,357 $5M $13.34 $3M +12,990 +3.3%
72 CR 0.49% 29,180 $5M $184.14 -$51K +617 +2.2%
73 TDG 0.49% 4,068 $5M $1,318.02 -$824K
74 POWL 0.48% 17,466 $5M $304.81 +17,466 NEW
75 GH 0.48% 83,906 $5M $62.48 -$5M -119,124 -58.7%
76 JOBY 0.47% 322,082 $5M $16.14 +322,082 NEW
77 PL 0.47% 399,133 $5M $12.98 $2M -74,791 -15.8%
78 SPHR 0.46% 81,260 $5M $62.12 +81,260 NEW
79 WIX 0.45% 27,783 $5M $177.63 -$3M -20,420 -42.4%
80 FLS 0.45% 92,602 $5M $53.14 +92,602 NEW
81 GATX 0.45% 27,980 $5M $174.80 $3M +13,954 +99.5%
82 ACLX 0.44% 58,894 $5M $82.10 $2M +17,827 +43.4%
83 WMB 0.44% 76,200 $5M $63.35 $2M +30,200 +65.7%
84 APLD 0.44% 208,919 $5M $22.94 +208,919 NEW
85 XENE 0.44% 119,098 $5M $40.15 $3M +50,202 +72.9%
86 ISRG 0.43% 10,604 $5M $447.23 -$4M -6,102 -36.5%
87 ANET 0.42% 31,886 $5M $145.71 $1M
88 HROW 0.42% 95,834 $5M $48.18 +95,834 NEW
89 SNOW 0.41% 19,919 $4M $225.55 $116K +358 +1.8%
90 CRWD 0.41% 9,157 $4M $490.38 -$91K +162 +1.8%
91 EXE 0.41% 42,243 $4M $106.24 -$452K
92 LC 0.40% 289,789 $4M $15.19 +289,789 NEW
93 NET 0.40% 20,472 $4M $214.59 $384K
94 ZETA 0.39% 216,282 $4M $19.87 $2M +65,292 +43.2%
95 KLAC 0.39% 3,974 $4M $1,078.60 $660K -74 -1.8%
96 C 0.37% 40,000 $4M $101.50 $655K
97 LNG 0.37% 17,258 $4M $234.98 -$147K
98 MGY 0.36% 165,899 $4M $23.87 $448K +9,690 +6.2%
99 DSGX 0.35% 40,467 $4M $94.23 -$6M -59,415 -59.5%
100 CAKE 0.34% 69,174 $4M $54.64 -$5M -66,006 -48.8%

New Positions

SymbolValue% Port
ROAD $16M 1.45%
MOD $9M 0.86%
BE $9M 0.84%
VRNS $6M 0.56%
GTES $6M 0.55%
MRUS $6M 0.53%
POWL $5M 0.48%
JOBY $5M 0.47%
SPHR $5M 0.46%
FLS $5M 0.45%
APLD $5M 0.44%
HROW $5M 0.42%
LC $4M 0.40%
ROIV $4M 0.34%
CYTK $3M 0.31%

Sold Out Positions

SymbolValue% Port
QXO —%
VOYG —%
HUBS —%
BJ —%
CRM —%
MWA —%
BXSL —%
S —%
WK —%
NOG —%
BSX —%
WRBY —%
ACVA —%
ALKT —%
APP —%
View SEC EDGAR Filings for Nicholas Investment Partners, LP →

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