— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

NZS Capital, LLC

Q3 2025 · Filed 2025-11-12
Market Value
$3.3B
+11.0%
Holdings
66
+5
New Purchases
6
Added To
40
Closed
5
Reduced
13
Top 10 Concentration
38.7%
Turnover
16.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WDAY 2.99% 0.00% +2.99% $98M
IT 2.08% 0.00% +2.08% $68M
SNPS 1.43% 0.00% +1.43% $47M
IR 2.26% 1.30% +0.96% $74M
LRCX 4.39% 3.49% +0.90% $143M
GOOG 6.65% 5.88% +0.76% $217M
MPWR 0.73% 0.00% +0.73% $24M
SAIL 1.18% 0.47% +0.71% $39M
NOW 0.75% 0.17% +0.58% $24M
ROP 3.34% 2.81% +0.53% $109M
PWR 1.30% 0.76% +0.53% $42M
SHOP 2.87% 2.39% +0.49% $94M
AAPL 1.26% 0.79% +0.47% $41M
LSCC 1.51% 1.05% +0.45% $49M
DHR 2.98% 2.58% +0.40% $97M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MCHP 0.00% 2.94% -2.94% $0
NVDA 1.92% 4.79% -2.86% $63M
ADSK 0.00% 2.14% -2.14% $0
CYBR 0.00% 1.61% -1.61% $0
NET 0.69% 2.00% -1.31% $23M
APH 3.34% 4.44% -1.10% $109M
TT 1.68% 2.60% -0.92% $55M
ON 0.00% 0.79% -0.79% $0
TOST 1.44% 1.82% -0.39% $47M
CMG 0.79% 1.17% -0.38% $26M
MELI 1.53% 1.89% -0.35% $50M
FI 2.15% 2.50% -0.35% $70M
TEAM 1.03% 1.38% -0.35% $34M
THO 0.00% 0.34% -0.34% $0
COIN 0.87% 1.17% -0.29% $28M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 10 $807M 24.7%
Large Cap 46 $2.2B 67.6%
Mid Cap 10 $252M 7.7%

Portfolio Analytics

Avg Market Cap
$343.1B
Median Market Cap
$54.8B
Avg P/E
61.0
Median P/E
44.7
Avg Dividend Yield
0.00%
Avg Beta
1.36
# Stocks
66
# ETFs / Funds
0

Top Holdings (66 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GOOG 6.65% 891,277 $217M $243.55 $44M -84,586 -8.7%
2 CDNS 5.52% 512,744 $180M $351.26 $17M -16,095 -3.0%
3 LRCX 4.39% 1,071,186 $143M $133.90 $41M +16,308 +1.6%
4 PGR 3.79% 500,597 $124M $246.95 $15M +92,231 +22.6%
5 APH 3.34% 882,126 $109M $123.75 -$21M -440,817 -33.3%
6 ROP 3.34% 218,882 $109M $498.69 $27M +73,113 +50.2%
7 WDAY 2.99% 405,514 $98M $240.73 +405,514 NEW
8 DHR 2.98% 490,795 $97M $198.26 $22M +107,161 +27.9%
9 SHOP 2.87% 631,397 $94M $148.61 $24M +22,720 +3.7%
10 TXN 2.81% 499,162 $92M $183.73 $1M +63,023 +14.4%
11 LIN 2.79% 191,749 $91M $475.00 $19M +38,490 +25.1%
12 URI 2.79% 95,318 $91M $954.66 $8M -15,300 -13.8%
13 AMT 2.59% 440,213 $85M $192.32 $11M +105,789 +31.6%
14 IR 2.26% 893,381 $74M $82.62 $36M +432,869 +94.0%
15 FI 2.15% 544,102 $70M $128.93 -$3M +118,053 +27.7%
16 IT 2.08% 258,038 $68M $262.87 +258,038 NEW
17 ARM 1.94% 447,955 $63M $141.49 $9M +110,765 +32.9%
18 NVDA 1.92% 336,510 $63M $186.58 -$78M -554,822 -62.2%
19 SNOW 1.71% 247,057 $56M $225.55 $3M +13,604 +5.8%
20 TT 1.68% 130,122 $55M $421.96 -$22M -44,641 -25.5%
21 PCOR 1.68% 750,719 $55M $72.92 $4M +2,518 +0.3%
22 KLAC 1.57% 47,511 $51M $1,078.60 $457K -9,189 -16.2%
23 HEI-A 1.54% 197,632 $50M $254.09 $3M +14,360 +7.8%
24 MELI 1.53% 21,413 $50M $2,336.94 -$5M +185 +0.9%
25 LSCC 1.51% 671,146 $49M $73.32 $18M +38,115 +6.0%
26 ISRG 1.51% 110,014 $49M $447.23 $12M +41,708 +61.1%
27 NU 1.49% 3,038,126 $49M $16.01 $16M +637,442 +26.6%
28 UBER 1.49% 495,767 $49M $97.97 $5M +30,113 +6.5%
29 TOST 1.44% 1,286,284 $47M $36.51 -$7M +74,047 +6.1%
30 SNPS 1.43% 94,849 $47M $493.39 +94,849 NEW
31 MRVL 1.33% 517,331 $43M $84.07 $6M +28,378 +5.8%
32 PWR 1.30% 102,073 $42M $414.42 $20M +42,605 +71.6%
33 AAPL 1.26% 161,251 $41M $254.63 $18M +48,171 +42.6%
34 SAIL 1.18% 1,747,161 $39M $22.08 $25M +1,137,643 +186.7%
35 MSFT 1.17% 74,048 $38M $517.95 $2M
36 HEI 1.11% 112,446 $36M $322.82 -$910K -1,000 -0.9%
37 TTAN 1.06% 341,747 $34M $100.83 $9M +105,944 +44.9%
38 GLBE 1.04% 950,631 $34M $35.76 $11M +268,328 +39.3%
39 TEAM 1.03% 211,180 $34M $159.70 -$7M +11,219 +5.6%
40 CSGP 0.96% 373,432 $32M $84.37 $3M +22,905 +6.5%
41 CGNX 0.95% 685,976 $31M $45.30 $551K -276,308 -28.7%
42 DASH 0.90% 108,555 $30M $271.99 $7M +17,402 +19.1%
43 COIN 0.87% 84,337 $28M $337.49 -$6M -13,578 -13.9%
44 RGEN 0.81% 196,777 $26M $133.67 $8M +51,483 +35.4%
45 AFRM 0.80% 356,926 $26M $73.08 -$74K -21,404 -5.7%
46 CMG 0.79% 660,172 $26M $39.19 -$9M +47,967 +7.8%
47 Z 0.76% 322,803 $25M $77.05 $4M +20,373 +6.7%
48 NOW 0.75% 26,485 $24M $920.28 $19M +21,632 +445.7%
49 MPWR 0.73% 26,000 $24M $920.64 +26,000 NEW
50 NET 0.69% 105,753 $23M $214.59 -$36M -194,752 -64.8%
51 PEN 0.67% 86,984 $22M $253.32 $4M +17,355 +24.9%
52 RDDT 0.66% 93,295 $21M $229.99 $6M -8,096 -8.0%
53 AXON 0.62% 28,375 $20M $717.64 -$2M +1,652 +6.2%
54 FND 0.60% 267,750 $20M $73.70 $6M +89,997 +50.6%
55 CRM 0.59% 80,846 $19M $237.00 $2M +16,593 +25.8%
56 MNDY 0.39% 65,087 $13M $193.69 $9M +52,459 +415.4%
57 ADI 0.37% 48,914 $12M $245.70 +48,914 NEW
58 FIG 0.25% 155,582 $8M $51.87 +155,582 NEW
59 NFLX 0.22% 6,107 $7M $1,198.92 -$856K
60 LMND 0.21% 129,084 $7M $53.53 $2M +9,376 +7.8%
61 CRWD 0.15% 10,111 $5M $490.38 $1M +3,299 +48.4%
62 CYBR —% -$47M -116,707 -100.0% SOLD
63 ON —% -$23M -445,379 -100.0% SOLD
64 THO —% -$10M -112,845 -100.0% SOLD
65 MCHP —% -$87M -1,231,066 -100.0% SOLD
66 ADSK —% -$63M -202,937 -100.0% SOLD

New Positions

SymbolValue% Port
WDAY $98M 2.99%
IT $68M 2.08%
SNPS $47M 1.43%
MPWR $24M 0.73%
ADI $12M 0.37%
FIG $8M 0.25%

Sold Out Positions

SymbolValue% Port
THO —%
MCHP —%
ADSK —%
ON —%
CYBR —%
View SEC EDGAR Filings for NZS Capital, LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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