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Nicholas Investment Partners, LP

Q4 2025 · 13F-HR

Nicholas Investment Partners, LPholdings as filed

Filed 2026-02-13 · accession 0001389574-26-000001

$1.37B
Reported value
205
Positions
2025-12-31
Period end
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The Brief · Nicholas Investment Partners, LP · Q4 2025

AI · grounded in 13F

Nicholas Investment Partners, LP initiated a new position in SHOO worth $17.6M. The fund also opened new stakes in ANF for $16.4M and CENX for $11.4M. On the sell side, the fund closed its positions in 07WA for $8.8M, MC for $8.5M, and METC for $8.1M.

Holdings as filed

CUSIPTickerIssuerValue% port.SharesClassVoting
05605H100BWXTBWX TECHNOLOGIES INC$45.1M3.28%260,834CommonSOLE
457669307INSMINSMED INC$31.4M2.29%180,410CommonSOLE
50077B207KTOSKRATOS DEFENSE & SEC SOLUTIO$29.8M2.17%392,032CommonSOLE
29082A107EMBJEMBRAER S.A.$27.6M2.01%428,972CommonSOLE
76155X100RVMDREVOLUTION MEDICINES INC$25.3M1.84%317,711CommonSOLE
11135F101AVGOBROADCOM INC$23.8M1.73%68,761CommonSOLE
67066G104NVDANVIDIA CORPORATION$22.7M1.66%121,843CommonSOLE
10806X102BBIOBRIDGEBIO PHARMA INC$21.8M1.59%284,682CommonSOLE
36828A101GEVGE VERNOVA INC$19.9M1.45%30,410CommonSOLE
556269108SHOOMADDEN STEVEN LTD$17.6M1.28%422,075CommonSOLE
604749101MIRMMIRUM PHARMACEUTICALS INC$16.9M1.23%213,391CommonSOLE
05464T104AXSMAXSOME THERAPEUTICS INC$16.7M1.22%91,564CommonSOLE
594918104MSFTMICROSOFT CORP$16.7M1.21%34,466CommonSOLE
97650W108WTFCWINTRUST FINL CORP$16.4M1.20%117,590CommonSOLE
81180WBL4STX 3.5 06/01/28SEAGATE HDD CAYMAN$16.4M1.19%4,880,000CommonSOLE
002896207ANFABERCROMBIE & FITCH CO$16.4M1.19%130,197CommonSOLE
670703107NUVLNUVALENT INC$16.1M1.18%160,483CommonSOLE
023135106AMZNAMAZON COM INC$16.0M1.17%69,325CommonSOLE
72407810062CPIPER SANDLER COMPANIES$15.9M1.16%46,905CommonSOLE
13321L108CCJCAMECO CORP$15.9M1.16%173,449CommonSOLE
875465106SKTTANGER INC$15.0M1.10%450,672CommonSOLE
60471A101MIRMIRION TECHNOLOGIES INC$15.0M1.09%641,660CommonSOLE
974155103WINGWINGSTOP INC$14.0M1.02%58,694CommonSOLE
52603A208LCLENDINGCLUB CORP$13.4M0.98%709,206CommonSOLE
144285103CRSCARPENTER TECHNOLOGY CORP$13.2M0.96%41,790CommonSOLE
773121108RKLBROCKET LAB CORP$12.9M0.94%184,761CommonSOLE
30231G102XOMEXXON MOBIL CORP$12.7M0.92%105,500CommonSOLE
G3323L100FNFABRINET$12.6M0.92%27,671CommonSOLE
671044105OSISOSI SYSTEMS INC$12.4M0.90%48,619CommonSOLE
G3730V105FTAIFTAI AVIATION LTD$12.2M0.89%61,822CommonSOLE
060505104BACBANK AMERICA CORP$11.8M0.86%215,093CommonSOLE
69888T207PARRPAR PAC HOLDINGS INC$11.7M0.85%333,538CommonSOLE
830879102SKYWSKYWEST INC$11.6M0.84%115,087CommonSOLE
874039100TSMTAIWAN SEMICONDUCTOR MFG LTD$11.4M0.83%37,672CommonSOLE
38141G104GSGOLDMAN SACHS GROUP INC$11.4M0.83%13,000CommonSOLE
156431108CENXCENTURY ALUM CO$11.4M0.83%290,960CommonSOLE
782011100RSIRUSH STREET INTERACTIVE INC$11.3M0.82%580,176CommonSOLE
00370M103ABVXABIVAX SA$11.2M0.82%83,068CommonSOLE
55405Y100MTSIMACOM TECH SOLUTIONS HLDGS I$11.2M0.81%65,203CommonSOLE
518415104LSCCLATTICE SEMICONDUCTOR CORP$11.1M0.81%151,372CommonSOLE
98420N105XENEXENON PHARMACEUTICALS INC$10.9M0.79%242,989CommonSOLE
609839105MPWRMONOLITHIC PWR SYS INC$10.8M0.79%11,912CommonSOLE
65339KCY4NEE 3 03/01/27NEXTERA ENERGY CAP HLDGS INC$10.5M0.77%8,495,000CommonSOLE
55826T102SPHRSPHERE ENTERTAINMENT CO$10.4M0.76%109,395CommonSOLE
833445AD1SNOW 0 10/01/29SNOWFLAKE INC$10.3M0.75%6,700,000CommonSOLE
G66721104NCLHNORWEGIAN CRUISE LINE HLDG L$10.2M0.74%457,913CommonSOLE
21044C107ROADCONSTRUCTION PARTNERS INC$10.1M0.74%93,110CommonSOLE
40131M109GHGUARDANT HEALTH INC$10.0M0.73%98,216CommonSOLE
097023204BA 6 10/15/27BOEING CO$9.9M0.72%143,250CommonSOLE
093712107BEBLOOM ENERGY CORP$9.7M0.71%112,116CommonSOLE
G25457105CRDOCREDO TECHNOLOGY GROUP HOLDI$9.5M0.69%65,706CommonSOLE
607828100MODMODINE MFG CO$9.4M0.68%70,057CommonSOLE
03783C100APPFAPPFOLIO INC$9.2M0.67%39,591CommonSOLE
828806109SPGSIMON PPTY GROUP INC NEW$9.1M0.66%49,290CommonSOLE
40131MAD1GH 1.25 02/15/31GUARDANT HEALTH INC$9.1M0.66%4,955,000CommonSOLE
957638109WALWESTERN ALLIANCE BANCORP$9.0M0.66%107,520CommonSOLE
87241L109TFIITFI INTL INC$8.9M0.65%85,989CommonSOLE
983793100XPOXPO INC$8.7M0.63%63,679CommonSOLE
88160R101TSLATESLA INC$8.6M0.63%19,228CommonSOLE
04351PAD3ASND 2.25 04/01/28ASCENDIS PHARMA A/S$8.5M0.62%6,035,000CommonSOLE
03770N101APGEAPOGEE THERAPEUTICS INC$8.5M0.62%112,924CommonSOLE
72703X106PLPLANET LABS PBC$8.3M0.60%420,841CommonSOLE
01609WBG6BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD$8.1M0.59%5,220,000CommonSOLE
90353TAM2UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC$7.9M0.58%6,090,000CommonSOLE
127387108CDNSCADENCE DESIGN SYSTEM INC$7.8M0.57%24,894CommonSOLE
099406100BOOTBOOT BARN HLDGS INC$7.7M0.56%43,788CommonSOLE
759916AD1RGEN 1 12/15/28REPLIGEN CORP$7.7M0.56%7,050,000CommonSOLE
02079K107GOOGALPHABET INC$7.5M0.55%24,041CommonSOLE
04626A103ALABASTERA LABS INC$7.5M0.55%45,251CommonSOLE
N62509109NAMSNEWAMSTERDAM PHARMA COMPANY$7.5M0.55%213,419CommonSOLE
969457100WMBWILLIAMS COS INC$7.4M0.54%123,075CommonSOLE
92337R101VERAVERA THERAPEUTICS INC$7.3M0.53%144,810CommonSOLE
531229AQ5FWONK 2.25 08/15/27LIBERTY MEDIA CORP DEL$7.2M0.52%5,690,000CommonSOLE
82982T106SITMSITIME CORP$7.1M0.52%20,178CommonSOLE
04016X101ARGXARGENX SE$6.9M0.51%8,254CommonSOLE
880881107430TERNS PHARMACEUTICALS INC$6.7M0.49%165,781CommonSOLE
45166A102IDYAIDEAYA BIOSCIENCES INC$6.7M0.48%192,413CommonSOLE
M7516K103NVMINOVA LTD$6.5M0.47%19,818CommonSOLE
811707801SBCFSEACOAST BKG CORP FLA$6.5M0.47%206,247CommonSOLE
46625H100JPMJPMORGAN CHASE & CO.$6.4M0.47%19,967CommonSOLE
166764100CVXCHEVRON CORP NEW$6.1M0.44%40,000CommonSOLE
G76279101ROIVROIVANT SCIENCES LTD$6.1M0.44%279,856CommonSOLE
872540109TJXTJX COS INC NEW$6.0M0.44%38,947CommonSOLE
M2682V108CYBRCYBERARK SOFTWARE LTD$5.9M0.43%13,329CommonSOLE
739128106POWLPOWELL INDS INC$5.9M0.43%18,506CommonSOLE
958102AT2WDC 3 11/15/28WESTERN DIGITAL CORP$5.8M0.43%1,275,000CommonSOLE
604749AB7MIRM 4 05/01/29MIRUM PHARMACEUTICALS INC$5.8M0.42%2,250,000CommonSOLE
224408104CRCRANE COMPANY$5.7M0.42%30,997CommonSOLE
00827BAD8AFRM 0.75 12/15/29AFFIRM HLDGS INC$5.6M0.41%5,100,000CommonSOLE
464287648IWOISHARES TR$5.6M0.41%17,261CommonSOLE
871607107SNPSSYNOPSYS INC$5.6M0.41%11,845CommonSOLE
974637AF7WGO 3.25 01/15/30WINNEBAGO INDS INC$5.5M0.40%5,900,000CommonSOLE
L8681T102SPOTSPOTIFY TECHNOLOGY S A$5.4M0.39%9,316CommonSOLE
893641100TDGTRANSDIGM GROUP INC$5.4M0.39%4,068CommonSOLE
19240Q201COGTCOGENT BIOSCIENCES INC$5.4M0.39%151,066CommonSOLE
703343103PATKPATRICK INDS INC$5.2M0.38%47,965CommonSOLE
482480100KLACKLA CORP$5.1M0.37%4,160CommonSOLE
916896103UECURANIUM ENERGY CORP$5.0M0.37%432,292CommonSOLE
15643U104LEUCENTRUS ENERGY CORP$5.0M0.36%20,433CommonSOLE
82452JAD1FOUR 0.5 08/01/27SHIFT4 PMTS INC$4.9M0.36%5,150,000CommonSOLE
G65163100JOBYJOBY AVIATION INC$4.9M0.36%372,129CommonSOLE
03969F109RCUSARCUS BIOSCIENCES INC$4.9M0.35%204,338CommonSOLE
686688102ORAORMAT TECHNOLOGIES INC$4.8M0.35%43,767CommonSOLE
816850101SMTCSEMTECH CORP$4.7M0.35%64,399CommonSOLE
682189AS4ON 0 05/01/27ON SEMICONDUCTOR CORP$4.7M0.34%3,950,000CommonSOLE
978097103WWWWOLVERINE WORLD WIDE INC$4.7M0.34%258,067CommonSOLE
172967424CCITIGROUP INC$4.7M0.34%40,000CommonSOLE
165167735EXEEXPAND ENERGY CORPORATION$4.7M0.34%42,243CommonSOLE
02043QAB3ALNY 1 09/15/27ALNYLAM PHARMACEUTICALS INC$4.7M0.34%3,165,000CommonSOLE
G2717C106CWKCUSHMAN AND WAKEFIELD LTD$4.6M0.34%286,254CommonSOLE
902681AB1UGI 5 06/01/28UGI CORP NEW$4.6M0.34%3,250,000CommonSOLE
98956A105ZETAZETA GLOBAL HOLDINGS CORP$4.6M0.33%224,867CommonSOLE
23282W605CYTKCYTOKINETICS INC$4.5M0.33%70,240CommonSOLE
122017AD8BURL 1.25 12/15/27BURLINGTON STORES INC$4.4M0.32%3,000,000CommonSOLE
833445109SNOWSNOWFLAKE INC$4.4M0.32%20,249CommonSOLE
632307104NTRANATERA INC$4.4M0.32%19,353CommonSOLE
77311W101RKTROCKET COS INC$4.4M0.32%227,872CommonSOLE
750917106RMBSRAMBUS INC DEL$4.4M0.32%47,803CommonSOLE
501575104KYMRKYMERA THERAPEUTICS INC$4.3M0.32%55,788CommonSOLE
22788C105CRWDCROWDSTRIKE HLDGS INC$4.3M0.31%9,157CommonSOLE
040413205ANETARISTA NETWORKS INC$4.2M0.30%31,886CommonSOLE
03990B101ARESARES MANAGEMENT CORPORATION$4.1M0.30%25,622CommonSOLE
18915M107NETCLOUDFLARE INC$4.0M0.29%20,472CommonSOLE
361448103GATXGATX CORP$3.9M0.28%22,733CommonSOLE
254604101IRONDISC MEDICINE INC$3.8M0.28%48,082CommonSOLE
683344105ONTOONTO INNOVATION INC$3.8M0.28%24,095CommonSOLE
76243J105RYTMRHYTHM PHARMACEUTICALS INC$3.7M0.27%34,710CommonSOLE
801056102SANMSANMINA CORPORATION$3.6M0.27%24,286CommonSOLE
477839104JBTMJBT MAREL CORPORATION$3.6M0.26%23,842CommonSOLE
16115Q308GTLSCHART INDS INC$3.6M0.26%17,276CommonSOLE
751212101RLRALPH LAUREN CORP$3.5M0.26%9,981CommonSOLE
852234AJ2XYZ 0 05/01/26BLOCK INC$3.4M0.25%3,500,000CommonSOLE
231561101CWCURTISS WRIGHT CORP$3.4M0.25%6,194CommonSOLE
037833100AAPLAPPLE INC$3.4M0.24%12,364CommonSOLE
40416E103HCIHCI GROUP INC$3.4M0.24%17,520CommonSOLE
671044AF2OSIS 2.25 08/01/29OSI SYSTEMS INC$3.3M0.24%2,250,000CommonSOLE
03040WBE4AWK 3.625 06/15/26AMERICAN WTR CAP CORP$3.0M0.22%3,000,000CommonSOLE
7495271071RGREV GROUP INC$3.0M0.22%49,096CommonSOLE
008073AA6AVAV 0 07/15/30AEROVIRONMENT INC$3.0M0.22%2,750,000CommonSOLE
595017302MCHP 7.5 03/15/28MICROCHIP TECHNOLOGY INC.$3.0M0.22%50,860CommonSOLE
127190304CACICACI INTL INC$2.7M0.19%4,979CommonSOLE
82846H405QXOQXO INC$2.5M0.18%130,897CommonSOLE
038169207APLDAPPLIED DIGITAL CORP$2.5M0.18%102,393CommonSOLE
88080T104WULFTERAWULF INC$2.5M0.18%217,667CommonSOLE
983134107WYNNWYNN RESORTS LTD$2.4M0.18%20,297CommonSOLE
10316TAD6BOX 1.5 09/15/29BOX INC$2.4M0.18%2,500,000CommonSOLE
035710839NLYANNALY CAPITAL MANAGEMENT IN$2.4M0.17%106,805CommonSOLE
56585A102MPCMARATHON PETE CORP$2.3M0.17%14,296CommonSOLE
92537N108VRTVERTIV HOLDINGS CO$2.2M0.16%13,795CommonSOLE
91307C102UTHRUNITED THERAPEUTICS CORP DEL$2.2M0.16%4,553CommonSOLE
925550105VIAVVIAVI SOLUTIONS INC$2.2M0.16%124,276CommonSOLE
92790C104VRDNVIRIDIAN THERAPEUTICS INC$2.1M0.15%67,082CommonSOLE
359616109FULCFULCRUM THERAPEUTICS INC$2.1M0.15%182,961CommonSOLE
N07059210ASMLASML HOLDING N V$2.0M0.15%1,878CommonSOLE
512807306LRCXLAM RESEARCH CORP$2.0M0.14%11,544CommonSOLE
403949100DINOHF SINCLAIR CORP$1.9M0.14%42,150CommonSOLE
384556106GHMGRAHAM CORP$1.9M0.14%29,388CommonSOLE
20825C104COPCONOCOPHILLIPS$1.9M0.14%20,000CommonSOLE
82509L107SHOPSHOPIFY INC$1.7M0.13%10,781CommonSOLE
45258DAB1IMCR 2.5 02/01/30IMMUNOCORE HLDGS PLC$1.7M0.13%1,900,000CommonSOLE
21874A106CORZCORE SCIENTIFIC INC NEW$1.6M0.12%112,077CommonSOLE
697435105PANWPALO ALTO NETWORKS INC$1.6M0.12%8,845CommonSOLE
68062P106OLMAOLEMA PHARMACEUTICALS INC$1.6M0.12%64,757CommonSOLE
15643UAE4LEU 2.25 11/01/30CENTRUS ENERGY CORP$1.4M0.11%540,000CommonSOLE
364760108GAPGAP INC$1.4M0.10%56,207CommonSOLE
29977A105EVREVERCORE INC$1.4M0.10%4,108CommonSOLE
04351P101ASNDUSDASCENDIS PHARMA A/S$1.3M0.10%6,265CommonSOLE
464287655IWMISHARES TR$1.3M0.09%5,122CommonSOLE
876030107TPRTAPESTRY INC$1.2M0.09%9,702CommonSOLE
65158N102NMRKNEWMARK GROUP INC$1.2M0.09%70,232CommonSOLE
31946M103FCNCAFIRST CTZNS BANCSHARES INC D$1.2M0.09%567CommonSOLE
82846H504QXO 5.5 05/15/28QXO INC$1.2M0.09%22,000CommonSOLE
98980G102ZSZSCALER INC$1.2M0.09%5,387CommonSOLE
02156V109OKLOOKLO INC$1.2M0.09%16,496CommonSOLE
G8068L108SNSHARKNINJA INC$1.2M0.09%10,560CommonSOLE
06738E204BCSBARCLAYS PLC$1.2M0.08%45,279CommonSOLE
679580100ODFLOLD DOMINION FREIGHT LINE IN$1.0M0.08%6,589CommonSOLE
636180101NFGNATIONAL FUEL GAS CO$956,0770.07%11,942CommonSOLE
58733R102MELIMERCADOLIBRE INC$946,7020.07%470CommonSOLE
882681109TXRHTEXAS ROADHOUSE INC$867,6820.06%5,227CommonSOLE
G0260P102ASAMER SPORTS INC$817,8900.06%21,898CommonSOLE
778296103ROSTROSS STORES INC$772,9810.06%4,291CommonSOLE
46120E602ISRGINTUITIVE SURGICAL INC$759,4890.06%1,341CommonSOLE
237194105DRIDARDEN RESTAURANTS INC$748,4090.05%4,067CommonSOLE
92826C839VVISA INC$739,6470.05%2,109CommonSOLE
57636Q104MAMASTERCARD INCORPORATED$731,2970.05%1,281CommonSOLE
78709Y105SAIASAIA INC$724,2210.05%2,218CommonSOLE
535219109LINDLINDBLAD EXPEDITIONS HLDGS I$671,3380.05%46,556CommonSOLE
00827B106AFRMAFFIRM HLDGS INC$632,2830.05%8,495CommonSOLE
64110L106NFLXNETFLIX INC$622,1910.05%6,636CommonSOLE
253393102DKSDICKS SPORTING GOODS INC$610,1440.04%3,082CommonSOLE
12541W209CHRWC H ROBINSON WORLDWIDE INC$581,7900.04%3,619CommonSOLE
25809K105DASHDOORDASH INC$548,5350.04%2,422CommonSOLE
48020Q107JLLJONES LANG LASALLE INC$537,0060.04%1,596CommonSOLE
68389X105ORCLORACLE CORP$536,9770.04%2,755CommonSOLE
45784P101PODDINSULET CORP$529,2550.04%1,862CommonSOLE
171757206CDTXCIDARA THERAPEUTICS INC$524,6140.04%2,375CommonSOLE
98419M100XYLXYLEM INC$433,5970.03%3,184CommonSOLE
007903107AMDADVANCED MICRO DEVICES INC$411,8300.03%1,923CommonSOLE
23804L103DDOGDATADOG INC$411,7780.03%3,028CommonSOLE
573874104MRVLMARVELL TECHNOLOGY INC$403,4850.03%4,748CommonSOLE
88023B103TEMTEMPUS AI INC$381,4040.03%6,459CommonSOLE
461202103INTUINTUIT$378,2420.03%571CommonSOLE
15118V207CELHCELSIUS HLDGS INC$354,9420.03%7,760CommonSOLE
85423L103SAROSTANDARDAERO INC$200,3870.01%6,987CommonSOLE

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.