Valiant Capital Management, L.P.
CIK 1452689 · View on SEC EDGAR ↗
- Portfolio value
- $2.5B
- Positions
- 29
- As of
- June 30, 2026
#1,327 of 9,443 by 13F value · top 14.1%
Portfolio value QoQ: +42.3% 13F does not disclose cash
- Top 10 holdings weight
- 76.23%
- Top 25 holdings weight
- 98.78%
- Positions above 1%
- 25
- Effective number of positions
- 12.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 9.35% Est. buys $506,205,771 · sells $197,286,653
Median holding: 5.0 quarters Tracked Q4 2024–Q2 2026 · 53.7% still held
- New positions
- 3
- Increased
- 8
- Decreased
- 2
- Closed
- 8
On this page
- 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.
Sector breakdown
Technology
31.6%
Retail
24.0%
Energy
7.7%
Industrials
7.2%
Health Care
3.2%
Communication Services
2.7%
Financials
1.1%
Real Estate
0.6%
Other/Unmapped
21.9%
Full portfolio 29 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| AMZN Amazon.com, Inc. - Common Stock | $418,286,700 | 16.88% | 1,755,000 | Call option | $288,117,950 | Up ×1 | |
| IWM | $259,330,713 | 10.47% | 863,141 | $34,196,065 | Down ×1 | ||
| SPY SPY | $251,232,844 | 10.14% | 336,426 | $26,003,193 | Down ×1 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $195,469,401 | 7.89% | 409,300 | Call option | $57,146,466 | ||
| CORZ Core Scientific, Inc. - Common Stock | $191,265,571 | 7.72% | 7,474,231 | $88,769,749 | Up ×2 | ||
| CORZ Core Scientific, Inc. - Common Stock | $167,043,843 | 6.74% | 6,527,700 | Call option | $71,184,651 | Up ×2 | |
| SEI Solaris Energy Infrastructure, Inc. Class A Common Stock | $129,085,680 | 5.21% | 1,604,346 | $65,822,565 | Up ×2 | ||
| GEV GE Vernova Inc. Common Stock | $114,680,434 | 4.63% | 97,612 | $32,141,629 | Up ×1 | ||
| RH RH Common Stock | $90,601,500 | 3.66% | 550,000 | Call option | Up ×1 | ||
| WULF TeraWulf Inc. - Common Stock | $71,549,874 | 2.89% | 2,896,756 | Up ×1 | |||
| PUMP ProPetro Holding Corp. Common Stock | $60,837,091 | 2.46% | 4,242,475 | $2,577,562 | Up ×2 | ||
| GRDN Guardian Pharmacy Services, Inc. Class A Common Stock | $49,685,370 | 2.01% | 1,186,658 | $4,995,830 | |||
| RH RH Common Stock | $49,629,195 | 2.00% | 301,276 | $7,504,785 | |||
| PWR Quanta Services, Inc. Common Stock | $49,160,731 | 1.98% | 68,275 | $13,221,333 | Up ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $47,823,906 | 1.93% | 126,602 | $8,639,321 | |||
| AMZN Amazon.com, Inc. - Common Stock | $37,038,989 | 1.50% | 155,404 | $4,672,998 | |||
| TKO TKO Group Holdings, Inc. Class A Common Stock | $36,259,353 | 1.46% | 180,117 | $-61,240 | |||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $34,017,729 | 1.37% | 44,576 | $16,614,813 | |||
| GDX GDX | $32,081,642 | 1.29% | 425,204 | $-6,939,329 | |||
| TTWO Take-Two Interactive Software, Inc. - Common Stock | $30,521,308 | 1.23% | 122,095 | $6,407,545 | |||
| LLY Eli Lilly and Company Common Stock | $29,129,357 | 1.18% | 24,286 | $6,791,823 | |||
| HDB HDFC Bank Limited Common Stock | $26,507,573 | 1.07% | 1,026,232 | $974,921 | |||
| NVDA NVIDIA Corporation - Common Stock | $25,927,462 | 1.05% | 129,579 | $3,328,884 | |||
| CRDO Credo Technology Group Holding Ltd - Ordinary Shares | $25,387,348 | 1.02% | 93,353 | $16,624,302 | |||
| MSFT Microsoft Corporation - Common Stock | $24,774,123 | 1.00% | 66,415 | $189,282 | |||
| Z Zillow Group, Inc. - Class C Capital Stock | $14,919,330 | 0.60% | 473,329 | $-4,667,024 | |||
| BW Babcock & Wilcox Enterprises, Inc. Common Stock | $7,755,000 | 0.31% | 550,000 | Up ×1 | |||
| UBER Uber Technologies, Inc. Common Stock | $4,290,922 | 0.17% | 59,464 | $13,676 | |||
| PSIX Power Solutions International, Inc. - Common Stock | $3,176,302 | 0.13% | 81,674 | $-1,048,040 | Up ×3 | ||
| 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 |
|---|---|---|---|
| PSIX | $3,176,302 | 0.13% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| AMZN | Bought more | +1.1M | +$288.1M |
| CORZ | Bought more | +623K | +$88.8M |
| CORZ | Bought more | +120K | +$71.2M |
| SEI | Bought more | +485K | +$65.8M |
| TSM | Price move only | +0 | +$57.1M |
| IWM | Trimmed | -45K | +$34.2M |
| GEV | Bought more | +3K | +$32.1M |
| SPY | Trimmed | -10K | +$26.0M |
| CRDO | Price move only | +0 | +$16.6M |
| CRWD | Price move only | +0 | +$16.6M |
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 |
|---|---|---|---|---|
| QQQ | March 31, 2025 | 766,900 | $392,062,287 | |
| QQQ | March 31, 2026 | 560,000 | $344,013,600 | |
| TLT | March 31, 2025 | 2,500,000 | $218,325,000 | |
| QQQ | Sept. 30, 2025 | 380,000 | $209,623,200 | |
| FTAI | June 30, 2025 | 1,045,500 | $112,636,037 | 77.8% |
| CART | Sept. 30, 2025 | 1,348,275 | $60,995,961 | 36.7% |
| CRWV | Dec. 31, 2025 | 375,000 | $51,318,750 | 25.8% |
| APO | June 30, 2026 | 430,000 | $47,910,600 | 11.2% |
| ABR | Sept. 30, 2025 | 4,353,100 | $46,578,170 | -57.7% |
| GLD | March 31, 2026 | 106,100 | $42,048,491 | No longer tracked |
| CG | June 30, 2026 | 800,000 | $38,712,000 | 15.9% |
| KGS | June 30, 2025 | 865,257 | $32,274,086 | 77.4% |
| AGX | June 30, 2026 | 59,243 | $32,266,700 | -34.9% |
| VST | March 31, 2026 | 178,927 | $28,866,292 | -7.4% |
| ARES | June 30, 2026 | 175,000 | $19,092,500 | 28.1% |
| NFLX | March 31, 2026 | 185,880 | $17,428,109 | -17.2% |
| CRM | June 30, 2026 | 85,336 | $15,929,671 | 31.2% |
| WLDN | June 30, 2026 | 143,331 | $10,973,422 | 10.0% |
| WMB | March 31, 2025 | 176,366 | $9,544,928 | 19.6% |
| TAC | June 30, 2025 | 960,092 | $8,976,861 | 17.5% |
| BTBT | Sept. 30, 2025 | 4,000,000 | $8,760,000 | -43.0% |
| NOW | June 30, 2026 | 82,866 | $8,663,640 | 30.6% |
| RUN | June 30, 2025 | 725,000 | $4,248,500 | 15.2% |
| FLY | Dec. 31, 2025 | 120,000 | $3,518,400 | 8.4% |
| FPS | June 30, 2026 | 100,000 | $2,927,000 | -39.5% |
| TLN | June 30, 2025 | 5,633 | $1,124,741 | 8.5% |