Q2 2025 · 13F-HR
Valiant Capital Management, L.P.holdings as filed
Filed 2025-08-14 · accession 0000935836-25-000503
$1.83B
Reported value
34
Positions
2025-06-30
Period end
The Brief · Valiant Capital Management, L.P. · Q2 2025
AI · grounded in 13F
Valiant Capital Management, L.P. established a new position in QQQ valued at $209.6M. The fund also initiated new stakes in CORZ for $147.3M and GLD for $128M. Additional new positions include TSM, IWM, and SPY.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46090E103 | QQQ | INVESCO QQQ TR | $209.6M | 11.5% | 380,000 | PUT | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $128.0M | 7.01% | 420,000 | CALL | NONE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $120.6M | 6.60% | 532,400 | CALL | NONE |
| 464287655 | IWM | ISHARES TR | $103.6M | 5.67% | 480,107 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $103.0M | 5.64% | 166,722 | Common | SOLE |
| 04010E109 | AGX | ARGAN INC | $85.9M | 4.70% | 389,615 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $85.8M | 4.70% | 162,153 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $82.0M | 4.49% | 4,801,524 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $65.4M | 3.58% | 3,830,000 | CALL | NONE |
| 11135F101 | AVGO | BROADCOM INC | $64.7M | 3.54% | 234,740 | Common | SOLE |
| 565394103 | CART | MAPLEBEAR INC | $61.0M | 3.34% | 1,348,275 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $54.6M | 2.99% | 281,486 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $54.4M | 2.98% | 710,000 | Common | SOLE |
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $54.1M | 2.96% | 297,559 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $54.0M | 2.96% | 108,595 | Common | SOLE |
| 74762E102 | QURE | QUANTA SVCS INC | $42.1M | 2.30% | 111,220 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $40.5M | 2.22% | 51,926 | Common | SOLE |
| 038923108 | ABR | ARBOR REALTY TRUST INC | $40.2M | 2.20% | 3,752,400 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $39.3M | 2.15% | 179,015 | Common | SOLE |
| 874054109 | TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $37.2M | 2.04% | 153,172 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $36.1M | 1.98% | 132,410 | Common | SOLE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $35.2M | 1.93% | 69,196 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $34.7M | 1.90% | 25,878 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $34.3M | 1.88% | 658,389 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $31.8M | 1.74% | 201,415 | Common | SOLE |
| 98954M200 | Z | ZILLOW GROUP INC | $31.6M | 1.73% | 451,750 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $26.4M | 1.45% | 25,726 | Common | SOLE |
| 74967X103 | RH | RH | $20.5M | 1.12% | 108,500 | Common | SOLE |
| G25457105 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $13.4M | 0.73% | 144,496 | Common | SOLE |
| 96924N100 | WLDN | WILLDAN GROUP INC | $12.4M | 0.68% | 198,321 | Common | SOLE |
| G1144A105 | BTBT | BIT DIGITAL INC | $8.8M | 0.48% | 4,000,000 | Common | SOLE |
| 038923108 | ABR | ARBOR REALTY TRUST INC | $6.4M | 0.35% | 600,700 | PUT | NONE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $5.5M | 0.30% | 59,464 | Common | SOLE |
| 73933G202 | PSIX | POWER SOLUTIONS INTL INC | $3.9M | 0.21% | 60,505 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.