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Nicholas Investment Partners, LP

Q4 2025 · Filed 2026-02-13
Market Value
$1.2B
+5.1%
Holdings
207
+4
New Purchases
34
Added To
60
Closed
38
Reduced
35
Top 10 Concentration
22.9%
Turnover
34.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SHOO 1.52% 0.00% +1.52% $18M
ANF 1.42% 0.00% +1.42% $16M
RVMD 2.19% 1.14% +1.05% $25M
CENX 0.99% 0.00% +0.99% $11M
AXSM 1.45% 0.54% +0.91% $17M
WING 1.21% 0.34% +0.88% $14M
ABVX 0.97% 0.15% +0.82% $11M
LC 1.16% 0.40% +0.76% $13M
VERA 0.63% 0.00% +0.63% $7M
SITM 0.62% 0.00% +0.62% $7M
BBIO 1.89% 1.28% +0.60% $22M
TERN 0.58% 0.00% +0.58% $7M
IDYA 0.58% 0.00% +0.58% $7M
TFII 0.77% 0.25% +0.52% $9M
XENE 0.94% 0.44% +0.51% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
REVG 0.26% 2.12% -1.86% $3M
RSI 0.98% 2.57% -1.59% $11M
KTOS 2.58% 3.45% -0.87% $30M
COOP 0.00% 0.80% -0.80% $0
MC 0.00% 0.77% -0.77% $0
ARES 0.36% 1.05% -0.70% $4M
CVLT 0.00% 0.66% -0.66% $0
AXON 0.00% 0.64% -0.64% $0
ROAD 0.88% 1.45% -0.57% $10M
VRNS 0.00% 0.56% -0.56% $0
GTES 0.00% 0.55% -0.55% $0
CLH 0.00% 0.54% -0.54% $0
MRUS 0.00% 0.53% -0.53% $0
BWXT 3.90% 4.35% -0.45% $45M
WIX 0.00% 0.45% -0.45% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 23 $195M 16.9%
Large Cap 103 $583M 50.4%
Mid Cap 71 $351M 30.4%
Small Cap 10 $26M 2.3%

Portfolio Analytics

Avg Market Cap
$184.6B
Median Market Cap
$13.4B
Avg P/E
52.2
Median P/E
33.8
Avg Dividend Yield
0.01%
Avg Beta
1.35
# Stocks
205
# ETFs / Funds
2

Top Holdings (207 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BWXT 3.90% 260,834 $45M $172.84 -$3M +1,305 +0.5%
2 INSM 2.72% 180,410 $31M $174.04 $5M -41 -0.0%
3 KTOS 2.58% 392,032 $30M $75.91 -$8M -22,430 -5.4%
4 ERJ 2.39% 428,972 $28M $64.37 $3M +17,358 +4.2%
5 RVMD 2.19% 317,711 $25M $79.65 $13M +49,800 +18.6%
6 AVGO 2.06% 68,761 $24M $346.10 $1M
7 NVDA 1.97% 121,843 $23M $186.50 -$10K
8 BBIO 1.89% 284,682 $22M $76.49 $8M +13,052 +4.8%
9 GEV 1.72% 30,410 $20M $653.57 $1M
10 SHOO 1.52% 422,075 $18M $41.64 +422,075 NEW
11 MIRM 1.46% 213,391 $17M $78.99 $942K -3,677 -1.7%
12 AXSM 1.45% 91,564 $17M $182.64 $11M +42,907 +88.2%
13 MSFT 1.44% 34,466 $17M $483.62 -$1M
14 WTFC 1.42% 117,590 $16M $139.82 $2M +6,917 +6.2%
15 ANF 1.42% 130,197 $16M $125.87 +130,197 NEW
16 NUVL 1.40% 160,483 $16M $100.59 $5M +36,305 +29.2%
17 AMZN 1.39% 69,325 $16M $230.82 $2M +5,051 +7.9%
18 CCJ 1.37% 173,449 $16M $91.49 $1M
19 SKT 1.30% 450,672 $15M $33.37 $366K +17,081 +3.9%
20 MIR 1.30% 641,660 $15M $23.42 $1M +56,187 +9.6%
21 WING 1.21% 58,694 $14M $238.49 $10M +44,015 +299.9%
22 LC 1.16% 709,206 $13M $18.94 $9M +419,417 +144.7%
23 CRS 1.14% 41,790 $13M $314.84 $2M -3,381 -7.5%
24 RKLB 1.12% 184,761 $13M $69.76 $4M +8,747 +5.0%
25 XOM 1.10% 105,500 $13M $120.34 $801K
26 FN 1.09% 27,671 $13M $455.28 $3M +1,625 +6.2%
27 OSIS 1.07% 48,619 $12M $255.06 $1M +2,939 +6.4%
28 BAC 1.02% 215,093 $12M $55.00 $733K
29 PARR 1.01% 333,538 $12M $35.14 $243K +9,499 +2.9%
30 SKYW 1.00% 115,087 $12M $100.41 -$1M -14,405 -11.1%
31 TSM 0.99% 37,672 $11M $303.89 $2M +4,758 +14.5%
32 GS 0.99% 13,000 $11M $879.00 $1M
33 CENX 0.99% 290,960 $11M $39.18 +290,960 NEW
34 RSI 0.98% 580,176 $11M $19.43 -$17M -796,325 -57.9%
35 ABVX 0.97% 83,068 $11M $134.85 $10M +63,640 +327.6%
36 MTSI 0.97% 65,203 $11M $171.28 $6M +20,823 +46.9%
37 LSCC 0.96% 151,372 $11M $73.58 $693K +8,911 +6.3%
38 XENE 0.94% 242,989 $11M $44.82 $6M +123,891 +104.0%
39 MPWR 0.93% 11,912 $11M $906.36 -$170K
40 SPHR 0.90% 109,395 $10M $95.08 $5M +28,135 +34.6%
41 NCLH 0.88% 457,913 $10M $22.32 -$2M -26,337 -5.4%
42 ROAD 0.88% 93,110 $10M $108.55 -$6M -32,307 -25.8%
43 GH 0.87% 98,216 $10M $102.14 $5M +14,310 +17.1%
44 BE 0.84% 112,116 $10M $86.89 $529K +3,182 +2.9%
45 CRDO 0.82% 65,706 $9M $143.89 $228K +2,342 +3.7%
46 MOD 0.81% 70,057 $9M $133.51 -$55K +3,873 +5.8%
47 APPF 0.80% 39,591 $9M $232.65 -$1M +2,308 +6.2%
48 SPG 0.79% 49,290 $9M $185.11 -$126K
49 WAL 0.78% 107,520 $9M $84.07 -$3M -31,358 -22.6%
50 TFII 0.77% 85,989 $9M $103.35 $6M +55,161 +178.9%
51 XPO 0.75% 63,679 $9M $135.91 $423K
52 TSLA 0.75% 19,228 $9M $449.72 $96K
53 PL 0.72% 420,841 $8M $19.72 $3M +21,708 +5.4%
54 CDNS 0.67% 24,894 $8M $312.58 -$963K
55 BOOT 0.67% 43,788 $8M $176.47 -$2M -15,768 -26.5%
56 GOOG 0.65% 24,041 $8M $313.80 $2M +971 +4.2%
57 ALAB 0.65% 45,251 $8M $166.36 -$3M -8,920 -16.5%
58 WMB 0.64% 123,075 $7M $60.11 $3M +46,875 +61.5%
59 VERA 0.63% 144,810 $7M $50.64 +144,810 NEW
60 SITM 0.62% 20,178 $7M $353.19 +20,178 NEW
61 ARGX 0.60% 8,254 $7M $840.95 $853K
62 TERN 0.58% 165,781 $7M $40.40 +165,781 NEW
63 IDYA 0.58% 192,413 $7M $34.57 +192,413 NEW
64 NVMI 0.56% 19,818 $7M $328.39 $556K +1,199 +6.4%
65 SBCF 0.56% 206,247 $6M $31.42 $562K +11,765 +6.0%
66 JPM 0.56% 19,967 $6M $322.22 $136K
67 CVX 0.53% 40,000 $6M $152.41 -$115K
68 ROIV 0.53% 279,856 $6M $21.70 $2M +34,235 +13.9%
69 TJX 0.52% 38,947 $6M $153.61 $353K
70 CYBR 0.51% 13,329 $6M $446.06 -$494K
71 POWL 0.51% 18,506 $6M $318.78 $576K +1,040 +6.0%
72 CR 0.49% 30,997 $6M $184.43 $344K +1,817 +6.2%
73 IWO 0.48% 17,261 $6M $323.01 +17,261 NEW
74 SNPS 0.48% 11,845 $6M $469.72 -$204K +155 +1.3%
75 SPOT 0.47% 9,316 $5M $580.71 -$875K +312 +3.5%
76 TDG 0.47% 4,068 $5M $1,329.85 $48K
77 COGT 0.46% 151,066 $5M $35.52 +151,066 NEW
78 PATK 0.45% 47,965 $5M $108.43 +47,965 NEW
79 KLAC 0.44% 4,160 $5M $1,215.08 $768K +186 +4.7%
80 UEC 0.44% 432,292 $5M $11.68 -$358K +26,935 +6.6%
81 LEU 0.43% 20,433 $5M $242.76 -$4M -9,833 -32.5%
82 JOBY 0.43% 372,129 $5M $13.20 -$286K +50,047 +15.5%
83 RCUS 0.42% 204,338 $5M $23.83 +204,338 NEW
84 ORA 0.42% 43,767 $5M $110.47 +43,767 NEW
85 SMTC 0.41% 64,399 $5M $73.69 +64,399 NEW
86 WWW 0.41% 258,067 $5M $18.15 -$2M -1,418 -0.6%
87 C 0.40% 40,000 $5M $116.69 $608K
88 EXE 0.40% 42,243 $5M $110.36 $174K
89 ZETA 0.40% 224,867 $5M $20.35 $279K +8,585 +4.0%
90 CYTK 0.39% 70,240 $4M $63.54 $1M +8,123 +13.1%
91 SNOW 0.38% 20,249 $4M $219.36 -$51K +330 +1.7%
92 NTRA 0.38% 19,353 $4M $229.09 -$1M -15,023 -43.7%
93 RKT 0.38% 227,872 $4M $19.36 $1M +61,580 +37.0%
94 RMBS 0.38% 47,803 $4M $91.89 $3M +31,173 +187.4%
95 KYMR 0.38% 55,788 $4M $77.81 $1M +3,163 +6.0%
96 CRWD 0.37% 9,157 $4M $468.76 -$198K
97 ANET 0.36% 31,886 $4M $131.03 -$468K
98 ARES 0.36% 25,622 $4M $161.63 -$7M -46,878 -64.7%
99 NET 0.35% 20,472 $4M $197.15 -$357K
100 GATX 0.33% 22,733 $4M $169.60 -$1M -5,247 -18.8%

New Positions

SymbolValue% Port
SHOO $18M 1.52%
ANF $16M 1.42%
CENX $11M 0.99%
VERA $7M 0.63%
SITM $7M 0.62%
TERN $7M 0.58%
IDYA $7M 0.58%
IWO $6M 0.48%
COGT $5M 0.46%
PATK $5M 0.45%
RCUS $5M 0.42%
ORA $5M 0.42%
SMTC $5M 0.41%
ONTO $4M 0.33%
RYTM $4M 0.32%

Sold Out Positions

SymbolValue% Port
ESTC —%
LYV —%
MC —%
UBER —%
NOW —%
FOUR —%
BURL —%
KVYO —%
ONON —%
FLS —%
MGY —%
LOAR —%
CLH —%
BILL —%
LNG —%
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