Pre-IPO Tracker
Track institutional holdings in private companies from SEC NPORT-P mutual fund filings. Updated quarterly with dollar valuations.
Companies tracked
1,537
+142 QoQ
Total $ tracked
$31.6B
+16.2% QoQ (+4.4B)
Fund positions
2,349
unique fund×company holdings
Latest quarter
2025-12-31
NPORT-P filings
Universe Growth — 26 Quarters
How the tracked private universe has scaled · companies + total $ value held by NPORT-filing funds
🔥 Top Inflows This Quarter
Biggest $ value increases QoQ · 🆕 = brand-new in latest quarter (no prior position)
| Company | Funds | Total Value | Δ Funds | Δ Value |
|---|---|---|---|---|
| SpaceX | 23 | $7370.3M | +1 | +$2011.7M |
|
🆕Blackstone Partners Offshore Fd-E1
T. ROWE PRICE SPECTRUM FUNDS II, $149.8M · T. ROWE PRICE SPECTRUM FUNDS II, $135.9M · T. ROWE PRICE SPECTRUM FUNDS II, $114.2M
|
2 | $460.1M | +2 | +$460.1M |
| Canva | 31 | $849.1M | +13 | +$417.6M |
|
🆕Bending Spoons
T. ROWE PRICE CAPITAL APPRECIATI $174.1M · American Funds Fundamental Inves $117.7M · T. ROWE PRICE MID-CAP GROWTH FUN $30.0M
|
8 | $361.8M | +8 | +$361.8M |
|
Databricks
BlackRock Global Allocation Fund $123.3M · ALGER INSTITUTIONAL FUNDS $82.8M · BlackRock Capital Appreciation F $66.9M
|
31 | $1169.4M | +3 | +$279.5M |
| 🆕Fhu Us | 2 | $200.0M | +2 | +$200.0M |
|
🆕Midland States Bank
Oaktree Asset-Backed Income Fund $113.4M
|
1 | $113.4M | +1 | +$113.4M |
| Juul Labs | 8 | $226.9M | +1 | +$105.3M |
| 🆕Ares Coinvest Lp Dba Ep Wealth | 1 | $91.9M | +1 | +$91.9M |
|
🆕Altice France
Fidelity Summer Street Trust $16.8M · Fidelity Advisor Series I $15.9M · Fidelity Advisor Series II $6.3M
|
13 | $72.6M | +13 | +$72.6M |
|
Revolut
Fidelity Advisor Series I $38.8M · Fidelity Select Portfolios $37.8M · Fidelity Investment Trust $34.2M
|
12 | $246.1M | +1 | +$64.9M |
|
🆕Xrp
ETF Opportunities Trust $64.3M
|
1 | $64.3M | +1 | +$64.3M |
|
Anthropic
BlackRock Science and Technology $31.7M · BlackRock Science & Technology T $31.7M · BlackRock Technology and Private $24.5M
|
9 | $132.8M | +2 | +$62.6M |
| 🆕Ftai Aircraft Leasing Fun | 1 | $57.8M | +1 | +$57.8M |
|
🆕Contsa Fhus
Fidelity Contrafund $57.1M
|
1 | $57.1M | +1 | +$57.1M |
⛔ Exit Cliffs — IPO / M&A Signal
Companies with biggest fund-count drops QoQ · often means the company IPO'd, was acquired, or restructured
| Company | Funds | Total Value | Δ Funds | Status |
|---|---|---|---|---|
| Open Ai Global | 15 → 4 | $553.2M → $137.1M | -11 | ↓ reduced |
|
Coreweave
Fidelity Securities Fund $21.9M out · Fidelity Mt. Vernon Street Trust $19.0M out · Fidelity Mt. Vernon Street Trust $9.4M out
|
10 → 4 | $162.4M → $42.5M | -6 | ↓ reduced |
|
Stripe
Fidelity Puritan Trust $4.5M out · Fidelity Advisor Series I $2.6M out · Variable Insurance Products Fund $0.7M out
|
21 → 17 | $224.1M → $244.9M | -4 | ↓ reduced |
|
Puerto Rico Electric Power Authority
Franklin Tax Free Trust $1.5M out · Franklin Federal Tax Free Income $1.4M out · Franklin California Tax Free Inc $1.0M out
|
4 → 0 | $4.7M → $0.0M | -4 | ⛔ exited |
|
Alimentation Couche-Tard
Guggenheim Funds Trust $2.1M out · Guggenheim Funds Trust $0.3M out · Guggenheim Active Allocation Fun $0.3M out
|
3 → 0 | $2.8M → $0.0M | -3 | ⛔ exited |
|
Kry
SMALLCAP World Fund Inc $21.0M out · Variable Insurance Products Fund $0.6M out · Fidelity Central Investment Port $0.5M out
|
5 → 2 | $37.8M → $15.7M | -3 | ↓ reduced |
| Travelport Finance | 3 → 0 | $6.2M → $0.0M | -3 | ⛔ exited |
|
Lord Abbett Pvt Cr Fund 1
LORD ABBETT BOND DEBENTURE FUND $242.8M out · Lord Abbett Credit Opportunities $41.0M out · LORD ABBETT SERIES FUND INC $11.7M out
|
3 → 0 | $295.4M → $0.0M | -3 | ⛔ exited |
|
Aimbridge Acquisition
AIM Counselor Series Trust (Inve $7.0M out · AIM Counselor Series Trust (Inve $4.4M out · Invesco Senior Income Trust $2.3M out
|
7 → 4 | $20.2M → $5.3M | -3 | ↓ reduced |
|
Aiven
BlackRock Funds V $9.4M out · BlackRock Global Allocation Fund $4.6M out · BlackRock Funds IV $0.4M out
|
3 → 0 | $14.4M → $0.0M | -3 | ⛔ exited |
|
Foresight Energy
IVY FUNDS $2.6M out · abrdn Income Credit Strategies F $0.5M out · Ivy Variable Insurance Portfolio $0.4M out
|
3 → 0 | $3.6M → $0.0M | -3 | ⛔ exited |
|
Veritas
BlackRock Global Allocation Fund $0.6M out · BlackRock Funds IV $0.3M out · BlackRock Funds V $0.2M out
|
3 → 0 | $1.1M → $0.0M | -3 | ⛔ exited |
↑ Top movers above · full searchable list of all 1537 tracked private companies below ↓
📈 Mark-Per-Share Trajectory — Top Names
Median fund mark per share over time · captures repricing events (new rounds, tender offers) · prefs and outliers excluded
Databricks
Canva
Epic Games
SpaceX
OpenAI
Stripe
1537
Companies Tracked
331
Funds Investing
$31.6B
Total Invested
Most-Held Private Companies 2025-12-31
1
Canva
31 funds
2
Databricks
31 funds
3
Epic Games
30 funds
4
SpaceX
23 funds
5
OpenAI
22 funds
6
xAI
18 funds
7
Stripe
17 funds
8
Mesquite Energy
15 funds
9
Fanatics
15 funds
10
Anduril
15 funds
Companies
Funds
Showing 25 of 1537
| Company | Funds | Total Value | Avg Position |
|---|---|---|---|
| Databricks | 31 | $1.2B | $18.9M |
| Canva | 31 | $849.1M | $15.7M |
| Epic Games | 30 | $744.4M | $15.8M |
| SpaceX | 23 | $7.4B | $94.5M |
| OpenAI | 22 | $776.0M | $25.0M |
| xAI | 18 | $687.5M | $23.7M |
| Stripe | 17 | $244.9M | $8.2M |
| Fanatics | 15 | $1.0B | $40.1M |
| Mesquite Energy | 15 | $360.1M | $19.0M |
| Anduril | 15 | $222.3M | $8.9M |
| Altice France | 13 | $72.6M | $3.0M |
| Icapital | 13 | $262.1M | $16.4M |
| Revolut | 12 | $246.1M | $11.7M |
| Psiquantum | 12 | $395.3M | $28.2M |
| Starling Bank | 12 | $289.2M | $11.6M |
| Range Red Acq Llc (Robertshaw | 10 | $45.2M | $4.5M |
| Aimbridge Topco | 10 | $144.6M | $13.1M |
| Anthropic | 9 | $132.8M | $14.8M |
| Bending Spoons | 8 | $361.8M | $27.8M |
| Juul Labs | 8 | $226.9M | $16.2M |
| Digicel Intl Fin | 8 | $9.5M | $866K |
| Pax Labs | 8 | $7.0M | $881K |
| New Cineworld | 7 | $25.8M | $3.7M |
| Celestial Ai | 7 | $4.7M | $392K |
| Luxco3 Shares | 7 | $16.9M | $1.5M |