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NZS Capital, LLC

Q4 2025 · Filed 2026-02-12
Market Value
$3.3B
-0.2%
Holdings
66
New Purchases
5
Added To
42
Closed
4
Reduced
13
Top 10 Concentration
39.6%
Turnover
13.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AJG 1.82% 0.00% +1.82% $59M
DHR 4.43% 2.98% +1.45% $144M
GOOG 7.85% 6.65% +1.20% $256M
AMT 3.35% 2.59% +0.75% $109M
TT 2.30% 1.68% +0.62% $75M
AAPL 1.74% 1.26% +0.48% $57M
TYL 0.45% 0.00% +0.45% $15M
FROG 0.45% 0.00% +0.45% $15M
ISRG 1.93% 1.51% +0.42% $63M
LIN 3.20% 2.79% +0.41% $104M
TEAM 1.41% 1.03% +0.38% $46M
PEN 1.04% 0.67% +0.36% $34M
AXON 0.95% 0.62% +0.33% $31M
UBER 1.82% 1.49% +0.33% $59M
IT 2.33% 2.08% +0.25% $76M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FI 0.00% 2.15% -2.15% $0
APH 2.01% 3.34% -1.33% $66M
CDNS 4.50% 5.52% -1.01% $147M
SHOP 1.87% 2.87% -1.00% $61M
CMG 0.00% 0.79% -0.79% $0
CRM 0.00% 0.59% -0.59% $0
ARM 1.38% 1.94% -0.56% $45M
URI 2.24% 2.79% -0.55% $73M
PGR 3.27% 3.79% -0.51% $107M
LRCX 3.88% 4.39% -0.51% $127M
MNDY 0.08% 0.39% -0.31% $2M
COIN 0.59% 0.87% -0.28% $19M
LSCC 1.24% 1.51% -0.26% $41M
ROP 3.09% 3.34% -0.25% $101M
NVDA 1.68% 1.92% -0.24% $55M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 10 $827M 25.4%
Large Cap 45 $2.2B 66.1%
Mid Cap 11 $280M 8.6%

Portfolio Analytics

Avg Market Cap
$343.3B
Median Market Cap
$59.2B
Avg P/E
56.8
Median P/E
42.4
Avg Dividend Yield
0.00%
Avg Beta
1.34
# 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 7.85% 815,373 $256M $313.80 $39M -75,904 -8.5%
2 CDNS 4.50% 469,857 $147M $312.58 -$33M -42,887 -8.4%
3 DHR 4.43% 630,666 $144M $228.92 $47M +139,871 +28.5%
4 LRCX 3.88% 739,673 $127M $171.18 -$17M -331,513 -30.9%
5 AMT 3.35% 621,577 $109M $175.57 $24M +181,364 +41.2%
6 PGR 3.27% 468,365 $107M $227.72 -$17M -32,232 -6.4%
7 WDAY 3.22% 488,576 $105M $214.78 $7M +83,062 +20.5%
8 LIN 3.20% 244,345 $104M $426.39 $13M +52,596 +27.4%
9 ROP 3.09% 226,315 $101M $445.13 -$8M +7,433 +3.4%
10 TXN 2.78% 522,259 $91M $173.49 -$1M +23,097 +4.6%
11 IR 2.39% 982,491 $78M $79.22 $4M +89,110 +10.0%
12 IT 2.33% 301,284 $76M $252.28 $8M +43,246 +16.8%
13 TT 2.30% 192,774 $75M $389.20 $20M +62,652 +48.1%
14 URI 2.24% 90,145 $73M $809.32 -$18M -5,173 -5.4%
15 APH 2.01% 485,926 $66M $135.14 -$43M -396,200 -44.9%
16 ISRG 1.93% 111,005 $63M $566.36 $14M +991 +0.9%
17 SHOP 1.87% 379,328 $61M $160.97 -$33M -252,069 -39.9%
18 AJG 1.82% 229,704 $59M $258.79 +229,704 NEW
19 UBER 1.82% 724,254 $59M $81.71 $11M +228,487 +46.1%
20 KLAC 1.74% 46,815 $57M $1,215.08 $6M -696 -1.5%
21 AAPL 1.74% 208,934 $57M $271.86 $16M +47,683 +29.6%
22 PCOR 1.72% 773,108 $56M $72.74 $1M +22,389 +3.0%
23 NVDA 1.68% 294,117 $55M $186.50 -$8M -42,393 -12.6%
24 SNOW 1.67% 248,459 $55M $219.36 -$1M +1,402 +0.6%
25 NU 1.57% 3,066,393 $51M $16.74 $3M +28,267 +0.9%
26 HEI-A 1.55% 199,636 $50M $252.43 $178K +2,004 +1.0%
27 MELI 1.44% 23,239 $47M $2,014.26 -$3M +1,826 +8.5%
28 TOST 1.41% 1,296,518 $46M $35.51 -$923K +10,234 +0.8%
29 TEAM 1.41% 283,603 $46M $162.14 $12M +72,423 +34.3%
30 ARM 1.38% 411,748 $45M $109.31 -$18M -36,207 -8.1%
31 SNPS 1.38% 95,531 $45M $469.72 -$2M +682 +0.7%
32 PWR 1.34% 103,258 $44M $422.06 $1M +1,185 +1.2%
33 LSCC 1.24% 551,323 $41M $73.58 -$9M -119,823 -17.9%
34 SAIL 1.22% 1,959,650 $40M $20.23 $1M +212,489 +12.2%
35 TTAN 1.18% 362,203 $39M $106.50 $4M +20,456 +6.0%
36 GLBE 1.16% 958,551 $38M $39.31 $4M +7,920 +0.8%
37 HEI 1.13% 113,566 $37M $323.59 $449K +1,120 +1.0%
38 MSFT 1.10% 74,048 $36M $483.62 -$3M
39 MRVL 1.10% 420,357 $36M $84.98 -$8M -96,974 -18.8%
40 PEN 1.04% 108,586 $34M $310.91 $12M +21,602 +24.8%
41 RGEN 1.00% 198,803 $33M $163.86 $6M +2,026 +1.0%
42 DASH 0.98% 140,991 $32M $226.48 $2M +32,436 +29.9%
43 AXON 0.95% 54,737 $31M $567.93 $11M +26,362 +92.9%
44 CSGP 0.91% 441,362 $30M $67.24 -$2M +67,930 +18.2%
45 AFRM 0.82% 360,091 $27M $74.43 $717K +3,165 +0.9%
46 Z 0.81% 386,733 $26M $68.22 $2M +63,930 +19.8%
47 CGNX 0.76% 692,849 $25M $35.98 -$6M +6,873 +1.0%
48 MPWR 0.73% 26,209 $24M $906.36 -$182K +209 +0.8%
49 NOW 0.67% 142,676 $22M $153.19 -$3M +116,191 +438.7%
50 RDDT 0.66% 94,117 $22M $229.87 $178K +822 +0.9%
51 NET 0.64% 106,537 $21M $197.15 -$2M +784 +0.7%
52 COIN 0.59% 85,051 $19M $226.14 -$9M +714 +0.8%
53 ADI 0.57% 68,879 $19M $271.20 $7M +19,965 +40.8%
54 FND 0.50% 270,274 $16M $60.89 -$3M +2,524 +0.9%
55 TYL 0.45% 32,620 $15M $453.95 +32,620 NEW
56 FROG 0.45% 236,247 $15M $62.46 +236,247 NEW
57 LMND 0.28% 130,379 $9M $71.18 $2M +1,295 +1.0%
58 FIG 0.20% 178,537 $7M $37.37 -$1M +22,955 +14.8%
59 HTFL 0.19% 209,688 $6M $29.15 +209,688 NEW
60 CRWD 0.15% 10,111 $5M $468.76 -$219K
61 SPOT 0.11% 6,019 $3M $580.71 +6,019 NEW
62 MNDY 0.08% 16,646 $2M $147.56 -$10M -48,441 -74.4%
63 CRM —% -$19M -80,846 -100.0% SOLD
64 NFLX —% -$7M -6,107 -100.0% SOLD
65 CMG —% -$26M -660,172 -100.0% SOLD
66 FI —% -$70M -544,102 -100.0% SOLD

New Positions

SymbolValue% Port
AJG $59M 1.82%
TYL $15M 0.45%
FROG $15M 0.45%
HTFL $6M 0.19%
SPOT $3M 0.11%

Sold Out Positions

SymbolValue% Port
CMG —%
CRM —%
NFLX —%
FI —%
View SEC EDGAR Filings for NZS Capital, LLC →

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