Q3 2025 · 13F-HR
Valiant Capital Management, L.P.holdings as filed
Filed 2025-11-14 · accession 0000935836-25-000673
$1.45B
Reported value
32
Positions
2025-09-30
Period end
The Brief · Valiant Capital Management, L.P. · Q3 2025
AI · grounded in 13F
Valiant Capital Management, L.P. closed its position in QQQ, reducing exposure by $209.6M. The fund also exited positions in CART and ABR, totaling $60.9M and $46.5M respectively. On the buy side, the fund established a new position in CRWV for $51.3M and added GRDN for $27.9M. Additionally, the fund increased its stake in CORZ by 19.48%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $137.5M | 9.46% | 492,400 | CALL | NONE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $116.3M | 8.00% | 6,483,103 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $115.6M | 7.96% | 325,300 | CALL | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $102.9M | 7.08% | 154,502 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $102.3M | 7.04% | 422,857 | Common | SOLE |
| 04010E109 | AGX | ARGAN INC | $68.8M | 4.73% | 254,600 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $68.7M | 4.73% | 3,830,000 | CALL | NONE |
| 36828A101 | GEV | GE VERNOVA INC | $67.2M | 4.62% | 109,217 | Common | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $51.3M | 3.53% | 375,000 | CALL | NONE |
| 11135F101 | AVGO | BROADCOM INC | $50.3M | 3.46% | 152,504 | Common | SOLE |
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $43.7M | 3.01% | 216,355 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $39.2M | 2.69% | 75,606 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $39.0M | 2.68% | 509,916 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $38.2M | 2.63% | 194,943 | Common | SOLE |
| 874054109 | TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $37.9M | 2.61% | 146,672 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $36.3M | 2.49% | 1,061,396 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $35.5M | 2.44% | 161,715 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $30.7M | 2.11% | 40,217 | Common | SOLE |
| 74762E102 | QURE | QUANTA SVCS INC | $30.5M | 2.10% | 73,713 | Common | SOLE |
| 40145W101 | GRDN | GUARDIAN PHARMACY SVCS INC | $27.9M | 1.92% | 1,064,722 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $27.6M | 1.90% | 147,793 | Common | SOLE |
| 98954M200 | Z | ZILLOW GROUP INC | $27.0M | 1.85% | 349,877 | Common | SOLE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $26.3M | 1.81% | 53,591 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $24.3M | 1.67% | 102,550 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $23.2M | 1.60% | 19,343 | Common | SOLE |
| 74967X103 | RH | RH | $22.0M | 1.52% | 108,500 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $18.3M | 1.26% | 19,924 | Common | SOLE |
| G25457105 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $16.3M | 1.12% | 111,909 | Common | SOLE |
| 96924N100 | WLDN | WILLDAN GROUP INC | $15.5M | 1.07% | 160,243 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $5.8M | 0.40% | 59,464 | Common | SOLE |
| 73933G202 | PSIX | POWER SOLUTIONS INTL INC | $3.8M | 0.26% | 38,926 | Common | SOLE |
| 31816X106 | FLY | FIREFLY AEROSPACE INC | $3.5M | 0.24% | 120,000 | 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.