Q2 2025 · 13F-HR
NZS Capital, LLCholdings as filed
Filed 2025-08-13 · accession 0001816616-25-000005
$2.94B
Reported value
60
Positions
2025-06-30
Period end
The Brief · NZS Capital, LLC · Q2 2025
AI · grounded in 13F
NZS Capital, LLC established a new position in GOOG worth $173.1M. The fund also initiated new stakes in CDNS for $163M and NVDA for $140.8M. Additional new positions included APH at $130.6M and PGR at $109M. The fund ended the period with 60 positions and total AUM of $2.94B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 02079K107 | GOOG | ALPHABET INC | $173.1M | 5.88% | 975,863 | Common | SOLE |
| 127387108 | CDNS | CADENCE DESIGN SYSTEM INC | $163.0M | 5.54% | 528,839 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $140.8M | 4.79% | 891,332 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP NEW | $130.6M | 4.44% | 1,322,943 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $109.0M | 3.70% | 408,366 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $102.7M | 3.49% | 1,054,878 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $90.6M | 3.08% | 436,139 | Common | SOLE |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. | $86.6M | 2.94% | 1,231,066 | Common | SOLE |
| 911363109 | URI | UNITED RENTALS INC | $83.3M | 2.83% | 110,618 | Common | SOLE |
| 776696106 | ROP | ROPER TECHNOLOGIES INC | $82.6M | 2.81% | 145,769 | Common | SOLE |
| G8994E103 | TT | TRANE TECHNOLOGIES PLC | $76.4M | 2.60% | 174,763 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $75.8M | 2.58% | 383,634 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW | $73.9M | 2.51% | 334,424 | Common | SOLE |
| 337738108 | FISV | FISERV INC | $73.5M | 2.50% | 426,049 | Common | SOLE |
| G54950103 | LIN | LINDE PLC | $71.9M | 2.44% | 153,259 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $70.2M | 2.39% | 608,677 | Common | SOLE |
| 052769106 | ADSK | AUTODESK INC | $62.8M | 2.14% | 202,937 | Common | SOLE |
| 18915M107 | NET | CLOUDFLARE INC | $58.8M | 2.00% | 300,505 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $55.5M | 1.89% | 21,228 | Common | SOLE |
| 042068205 | ARM | ARM HOLDINGS PLC | $54.5M | 1.85% | 337,190 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $53.7M | 1.82% | 1,212,237 | Common | SOLE |
| 833445109 | SNOW | SNOWFLAKE INC | $52.2M | 1.78% | 233,453 | Common | SOLE |
| 74275K108 | PCOR | PROCORE TECHNOLOGIES INC | $51.2M | 1.74% | 748,201 | Common | SOLE |
| 482480100 | KLAC | KLA CORP | $50.8M | 1.73% | 56,700 | Common | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $47.5M | 1.61% | 116,707 | Common | SOLE |
| 422806208 | HEI/A | HEICO CORP NEW | $47.4M | 1.61% | 183,272 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $43.4M | 1.48% | 465,654 | Common | SOLE |
| 049468101 | TEAM | ATLASSIAN CORPORATION | $40.6M | 1.38% | 199,961 | Common | SOLE |
| 45687V106 | IR | INGERSOLL RAND INC | $38.3M | 1.30% | 460,512 | Common | SOLE |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $37.8M | 1.29% | 488,953 | Common | SOLE |
| 422806109 | HEI | HEICO CORP NEW | $37.2M | 1.26% | 113,446 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $37.1M | 1.26% | 68,306 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $36.8M | 1.25% | 74,048 | Common | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $34.4M | 1.17% | 612,205 | Common | SOLE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $34.3M | 1.17% | 97,915 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $32.9M | 1.12% | 2,400,684 | Common | SOLE |
| 518415104 | LSCC | LATTICE SEMICONDUCTOR CORP | $31.0M | 1.05% | 633,031 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $30.5M | 1.04% | 962,284 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $28.2M | 0.96% | 350,527 | Common | SOLE |
| 00827B106 | AFRM | AFFIRM HLDGS INC | $26.2M | 0.89% | 378,330 | Common | SOLE |
| 81764X103 | TTAN | SERVICETITAN INC | $25.3M | 0.86% | 235,803 | Common | SOLE |
| 682189105 | ON | ON SEMICONDUCTOR CORP | $23.3M | 0.79% | 445,379 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $23.2M | 0.79% | 113,080 | Common | SOLE |
| M5216V106 | GLBE | GLOBAL E ONLINE LTD | $22.9M | 0.78% | 682,303 | Common | SOLE |
| 74762E102 | QURE | QUANTA SVCS INC | $22.5M | 0.76% | 59,468 | Common | SOLE |
| 25809K105 | DASH | DOORDASH INC | $22.5M | 0.76% | 91,153 | Common | SOLE |
| 05464C101 | AXON | AXON ENTERPRISE INC | $22.1M | 0.75% | 26,723 | Common | SOLE |
| 98954M200 | Z | ZILLOW GROUP INC | $21.2M | 0.72% | 302,430 | Common | SOLE |
| 759916109 | RGEN | REPLIGEN CORP | $18.1M | 0.61% | 145,294 | Common | SOLE |
| 70975L107 | PEN | PENUMBRA INC | $17.9M | 0.61% | 69,629 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $17.5M | 0.60% | 64,253 | Common | SOLE |
| 75734B100 | RDDT | REDDIT INC | $15.3M | 0.52% | 101,391 | Common | SOLE |
| 78781J109 | SAIL | SAILPOINT INC | $13.9M | 0.47% | 609,518 | Common | SOLE |
| 339750101 | FND | FLOOR & DECOR HLDGS INC | $13.5M | 0.46% | 177,753 | Common | SOLE |
| 885160101 | THO | THOR INDS INC | $10.0M | 0.34% | 112,845 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $8.2M | 0.28% | 6,107 | Common | SOLE |
| 52567D107 | LMND | LEMONADE INC | $5.2M | 0.18% | 119,708 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $5.0M | 0.17% | 4,853 | Common | SOLE |
| M7S64H106 | MNDY | MONDAY COM LTD | $4.0M | 0.13% | 12,628 | Common | SOLE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $3.5M | 0.12% | 6,812 | 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.