Technology Crossover Management XI, Ltd. — Q2 2025 13F-HR

← Technology Crossover Management XI, Ltd.

Q2 2025 · 13F-HR

Technology Crossover Management XI, Ltd.holdings as filed

Filed 2025-08-13 · accession 0001104659-25-077536

$1.05B

Reported value

Positions

2025-06-30

Period end

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The Brief · Technology Crossover Management XI, Ltd. · Q2 2025

AI · grounded in 13F

Technology Crossover Management XI, Ltd. established a new position in Spotify Technologies, S.A. SPOT valued at $767.3M. The fund also initiated new stakes in Zillow Group, Inc. Z for $163.8M and Maplebear Inc. CART for $122.1M. These three holdings comprise the fund's total AUM of $1.05B.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
L8681T102	SPOT	Spotify Technologies, S.A.	$767.3M	72.9%	1,000,000	Common	SOLE
98954M200	Z	Zillow Group, Inc.	$163.8M	15.5%	2,338,036	Common	SOLE
565394103	CART	Maplebear Inc.	$122.1M	11.6%	2,700,000	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.