NZS Capital, LLC
CIK 1816616 · View on SEC EDGAR ↗
- Portfolio value
- $3.9B
- Positions
- 61
- As of
- June 30, 2026
#971 of 9,443 by 13F value · top 10.3%
Portfolio value QoQ: +28.6% 13F does not disclose cash
- Top 10 holdings weight
- 42.54%
- Top 25 holdings weight
- 73.52%
- Positions above 1%
- 35
- Effective number of positions
- 33.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 13.21% Est. buys $616,049,911 · sells $452,834,566
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 70.1% still held
- New positions
- 7
- Increased
- 29
- Decreased
- 25
- Closed
- 4
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +20.7% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 98.3% · Options excluded: 0.0%
Sector breakdown
Technology
47.9%
Industrials
17.7%
Communication Services
8.4%
Health Care
8.3%
Financials
6.1%
Retail
2.9%
Materials
2.5%
Consumer Discretionary
2.0%
Financial Services
1.6%
Real Estate
0.7%
Communications
0.5%
Other/Unmapped
1.4%
Full portfolio 61 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| GOOG Alphabet Inc. - Class C Capital Stock | $297,174,556 | 7.71% | 841,068 | $78,965,317 | Up ×1 | ||
| LRCX Lam Research Corporation - Common Stock | $231,844,550 | 6.01% | 535,030 | $109,227,854 | Down ×3 | ||
| CDNS Cadence Design Systems, Inc. - Common Stock | $189,454,780 | 4.91% | 504,782 | $42,899,751 | Down ×1 | ||
| APH Amphenol Corporation Common Stock | $180,609,866 | 4.68% | 1,024,330 | $84,713,375 | Up ×2 | ||
| NVDA NVIDIA Corporation - Common Stock | $162,279,193 | 4.21% | 811,031 | $102,244,086 | Up ×2 | ||
| TXN Texas Instruments Incorporated - Common Stock | $147,653,147 | 3.83% | 495,364 | $44,020,244 | Down ×1 | ||
| KLAC KLA Corporation - Common Stock | $119,370,355 | 3.10% | 395,646 | $55,799,053 | Up ×1 | ||
| ROP Roper Technologies, Inc. - Common Stock | $107,975,850 | 2.80% | 319,087 | $5,605,921 | Up ×6 | ||
| PGR Progressive Corporation (The) Common Stock | $105,821,112 | 2.74% | 484,418 | $10,714,283 | Up ×2 | ||
| TT Trane Technologies plc | $97,771,783 | 2.54% | 199,063 | $15,591,905 | Up ×3 | ||
| URI United Rentals, Inc. Common Stock | $97,359,434 | 2.53% | 85,939 | $30,104,603 | Down ×1 | ||
| LIN Linde plc - Ordinary Shares | $94,516,618 | 2.45% | 182,134 | $-19,594,940 | Down ×2 | ||
| DHR Danaher Corporation Common Stock | $90,955,343 | 2.36% | 477,506 | $-14,919,003 | Down ×2 | ||
| AJG Arthur J. Gallagher & Co. Common Stock | $89,443,456 | 2.32% | 389,613 | $9,533,016 | Up ×2 | ||
| ISRG Intuitive Surgical, Inc. - Common Stock | $86,788,888 | 2.25% | 218,238 | $13,443,074 | Up ×5 | ||
| PWR Quanta Services, Inc. Common Stock | $86,221,910 | 2.24% | 119,746 | $32,743,519 | Up ×1 | ||
| SYK Stryker Corporation Common Stock | $81,427,384 | 2.11% | 258,631 | $4,826,812 | Up ×1 | ||
| ARM Arm Holdings plc - American Depositary Shares | $81,330,557 | 2.11% | 229,378 | $10,636,959 | Down ×1 | ||
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $80,354,518 | 2.08% | 703,753 | $15,067,375 | Up ×2 | ||
| SNOW Snowflake Inc. Common Stock | $76,111,025 | 1.97% | 299,061 | $26,071,362 | Down ×1 | ||
| MRVL Marvell Technology, Inc. - Common Stock | $72,813,848 | 1.89% | 244,432 | $26,927,153 | Down ×1 | ||
| DASH DoorDash, Inc. - Common Stock | $67,183,313 | 1.74% | 364,078 | $31,439,955 | Up ×4 | ||
| IR Ingersoll Rand Inc. Common Stock | $64,883,524 | 1.68% | 791,359 | $-7,855,902 | Down ×2 | ||
| AXON Axon Enterprise, Inc. - Common Stock | $64,125,935 | 1.66% | 114,386 | $32,669,571 | Up ×4 | ||
| WDAY Workday, Inc. - Class A Common Stock | $60,949,980 | 1.58% | 497,876 | $-8,185,909 | Down ×1 | ||
| MELI MercadoLibre, Inc. - Common Stock | $58,507,336 | 1.52% | 34,469 | $7,062,075 | Up ×5 | ||
| LSCC Lattice Semiconductor Corporation - Common Stock | $54,686,259 | 1.42% | 357,520 | $2,366,001 | Down ×1 | ||
| HEI Heico Corporation Common Stock | $54,505,262 | 1.41% | 153,023 | $9,958,182 | Down ×1 | ||
| HEIA | $53,110,890 | 1.38% | 205,928 | $10,060,562 | Up ×5 | ||
| AAPL Apple Inc. - Common Stock | $48,874,061 | 1.27% | 168,904 | $2,040,162 | Down ×2 | ||
| TYL Tyler Technologies, Inc. Common Stock | $47,733,566 | 1.24% | 163,214 | $-20,216,538 | Down ×1 | ||
| TOST Toast, Inc. Class A Common Stock | $44,799,408 | 1.16% | 1,610,331 | $5,683,558 | Up ×5 | ||
| GLBE Global-E Online Ltd. - ordinary shares | $39,818,223 | 1.03% | 1,146,508 | $9,606,571 | Up ×6 | ||
| FROG JFrog Ltd. - Ordinary shares | $39,396,571 | 1.02% | 433,501 | $14,025,791 | Down ×1 | ||
| NU Nu Holdings Ltd. Class A Ordinary Shares | $38,782,570 | 1.01% | 2,902,887 | $-6,346,271 | Down ×1 | ||
| UBER Uber Technologies, Inc. Common Stock | $37,664,561 | 0.98% | 521,959 | $-15,809,064 | Down ×1 | ||
| SAIL SailPoint, Inc. - Common Stock | $37,045,788 | 0.96% | 2,530,450 | $6,473,622 | Up ×5 | ||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $36,410,936 | 0.94% | 47,712 | $32,383,466 | Up ×2 | ||
| MPWR Monolithic Power Systems, Inc. - Common Stock | $35,290,268 | 0.92% | 25,529 | $6,120,783 | Down ×1 | ||
| NET Cloudflare, Inc. Class A Common Stock | $33,501,078 | 0.87% | 136,583 | $5,211,245 | Down ×1 | ||
| ON ON Semiconductor Corporation - Common Stock | $31,721,101 | 0.82% | 335,531 | ||||
| TEAM Atlassian Corporation - Class A Common Stock | $31,570,838 | 0.82% | 405,847 | $6,570,999 | Up ×6 | ||
| RGEN Repligen Corporation - Common Stock | $28,005,265 | 0.73% | 205,257 | $4,061,295 | Up ×5 | ||
| DSGX The Descartes Systems Group Inc. - Common Stock | $27,622,952 | 0.72% | 398,945 | Up ×1 | |||
| DDOG Datadog, Inc. - Class A Common Stock | $23,224,112 | 0.60% | 89,200 | Up ×1 | |||
| ADI Analog Devices, Inc. - Common Stock | $23,141,507 | 0.60% | 58,266 | $784,218 | Down ×1 | ||
| RDDT Reddit, Inc. Class A Common Stock | $21,860,318 | 0.57% | 125,938 | $8,931,225 | Up ×3 | ||
| LITE Lumentum Holdings Inc. - Common Stock | $19,479,678 | 0.51% | 22,702 | Up ×1 | |||
| HTFL Heartflow, Inc. - Common Stock | $19,247,451 | 0.50% | 656,014 | $12,188,515 | Up ×2 | ||
| MSFT Microsoft Corporation - Common Stock | $18,924,797 | 0.49% | 50,734 | $-9,040,806 | Down ×1 | ||
| COIN Coinbase Global, Inc. - 3Class A Common Stock | $15,125,987 | 0.39% | 103,468 | $-20,208 | Up ×3 | ||
| Z Zillow Group, Inc. - Class C Capital Stock | $13,961,879 | 0.36% | 442,953 | $-10,240,580 | Down ×1 | ||
| AMZN Amazon.com, Inc. - Common Stock | $13,792,736 | 0.36% | 57,870 | Up ×1 | |||
| CSGP CoStar Group, Inc. - Common Stock | $13,467,604 | 0.35% | 475,551 | $-15,150,641 | Down ×1 | ||
| SNPS Synopsys, Inc. - Common Stock | $12,923,540 | 0.34% | 28,972 | $-25,718,987 | Down ×1 | ||
| AXGN Axogen, Inc. - Common Stock | $12,848,672 | 0.33% | 278,170 | Up ×1 | |||
| SABR Sabre Corporation - Common Stock | $11,518,243 | 0.30% | 5,511,121 | $3,530,999 | Up ×1 | ||
| FIG Figma, Inc. Class A Common Stock | $11,421,031 | 0.30% | 631,345 | $5,668,182 | Up ×3 | ||
| SPOT Spotify Technology S.A. Ordinary Shares | $5,104,607 | 0.13% | 11,118 | $2,126,775 | Up ×2 | ||
| IOT Samsara Inc. Class A Common Stock | $3,566,781 | 0.09% | 109,984 | $1,934,049 | Up ×1 | ||
| Unknown issuer (CUSIP: 84615Q103) | $2,403,658 | 0.06% | 14,068 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| ROP | $107,975,850 | 2.80% | up ×6 |
| TT | $97,771,783 | 2.54% | up ×3 |
| ISRG | $86,788,888 | 2.25% | up ×5 |
| DASH | $67,183,313 | 1.74% | up ×4 |
| AXON | $64,125,935 | 1.66% | up ×4 |
| MELI | $58,507,336 | 1.52% | up ×5 |
| HEIA | $53,110,890 | 1.38% | up ×5 |
| TOST | $44,799,408 | 1.16% | up ×5 |
| GLBE | $39,818,223 | 1.03% | up ×6 |
| SAIL | $37,045,788 | 0.96% | up ×5 |
| TEAM | $31,570,838 | 0.82% | up ×6 |
| RGEN | $28,005,265 | 0.73% | up ×5 |
| RDDT | $21,860,318 | 0.57% | up ×3 |
| COIN | $15,125,987 | 0.39% | up ×3 |
| FIG | $11,421,031 | 0.30% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| LRCX | Trimmed | -39K | +$109.2M |
| NVDA | Bought more | +467K | +$102.2M |
| APH | Bought more | +265K | +$84.7M |
| GOOG | Bought more | +80K | +$79.0M |
| KLAC | Bought more | +352K | +$55.8M |
| TXN | Trimmed | -38K | +$44.0M |
| CDNS | Trimmed | -23K | +$42.9M |
| PWR | Bought more | +22K | +$32.7M |
| AXON | Bought more | +40K | +$32.7M |
| DASH | Bought more | +126K | +$31.4M |
1 position hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| MCHP | Sept. 30, 2025 | 1,231,066 | $86,630,114 | 18.7% |
| IT | March 31, 2026 | 301,284 | $76,007,928 | 22.9% |
| FISV | Dec. 31, 2025 | 544,102 | $70,151,071 | -23.5% |
| ADSK | Sept. 30, 2025 | 202,937 | $62,823,207 | -20.2% |
| PCOR | March 31, 2026 | 773,108 | $56,235,876 | 9.9% |
| CYBR | Sept. 30, 2025 | 116,707 | $47,485,744 | No longer tracked |
| CPRT | June 30, 2025 | 710,561 | $40,210,647 | -30.6% |
| TTAN | March 31, 2026 | 362,203 | $38,574,620 | 51.0% |
| ANSS | March 31, 2025 | 89,543 | $30,205,540 | No longer tracked |
| CMG | Dec. 31, 2025 | 660,172 | $25,872,141 | -7.4% |
| CGNX | March 31, 2026 | 692,849 | $24,928,707 | 21.6% |
| ON | Sept. 30, 2025 | 445,379 | $23,342,313 | 52.3% |
| PEN | June 30, 2026 | 68,986 | $22,652,933 | 3.5% |
| NOW | March 31, 2026 | 142,676 | $21,856,536 | 24.0% |
| CRM | Dec. 31, 2025 | 80,846 | $19,160,502 | -22.4% |
| TTD | March 31, 2025 | 153,998 | $18,099,385 | -75.4% |
| GTLS | March 31, 2025 | 92,644 | $17,680,181 | No longer tracked |
| CCJ | March 31, 2025 | 330,981 | $17,009,114 | 131.4% |
| AFRM | June 30, 2026 | 366,379 | $16,787,486 | -6.4% |
| FND | March 31, 2026 | 270,274 | $16,456,984 | 9.4% |
| AMT | June 30, 2026 | 91,839 | $15,849,575 | 8.4% |
| THO | Sept. 30, 2025 | 112,845 | $10,021,764 | -24.6% |
| LMND | March 31, 2026 | 130,379 | $9,280,377 | -19.4% |
| CDW | March 31, 2025 | 47,573 | $8,279,605 | -13.1% |
| NFLX | Dec. 31, 2025 | 6,107 | $7,321,804 | -13.9% |
| AMD | March 31, 2025 | 58,498 | $7,065,973 | 353.6% |
| CRM | June 30, 2026 | 29,457 | $5,498,738 | 31.3% |
| MNDY | March 31, 2026 | 16,646 | $2,456,284 | 31.3% |