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Alkeon Capital Management Portfolio holdings
AUM
$74.1B
1-Year Est. Return
71.18%
This Fund
S&P 500
This Quarter
Est. Return
+5.82%
1 Year Est. Return
+71.18%
3 Year Est. Return
+221.96%
5 Year Est. Return
+240.8%
10 Year Est. Return
+1,849.79%
AUM
$63.1B
AUM Growth
-$4.83B
(-7.1%)
Cap. Flow
-$6.6B
Cap. Flow
% of AUM
-10.45%
Top 10 Holdings %
Top 10 Hldgs %
62.16%
Holding
128
New
22
Increased
19
Reduced
35
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$351M |
| 2 |
DoorDash
DASH
|
+$276M |
| 3 |
Vertiv
VRT
|
+$223M |
| 4 |
RTX Corp
RTX
|
+$217M |
| 5 |
Synopsys
SNPS
|
+$149M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$535M |
| 2 |
Analog Devices
ADI
|
+$200M |
| 3 |
argenx
ARGX
|
+$129M |
| 4 |
Rhythm Pharmaceuticals
RYTM
|
+$103M |
| 5 |
TJX Companies
TJX
|
+$96.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.99% |
| 2 | Consumer Discretionary | 5.86% |
| 3 | Communication Services | 4.96% |
| 4 | Industrials | 3.04% |
| 5 | Financials | 2.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
New Oriental
EDU
$9.19B
| $79.7M | 0.13% |
1,447,986
| – | – |
|
77
American Tower
AMT
$81.9B
| $75.2M | 0.12% |
428,401
| – | – |
|
78
Johnson Controls International
JCI
$87.4B
| $74.2M | 0.12% |
620,000
| – | – |
|
79
Yum! Brands
YUM
$42.1B
| $70.4M | 0.11% |
465,603
| – | – |
|
80
CALL
Grayscale Bitcoin Trust
GBTC
$11.8B
| $62.9M | 0.1% |
920,000
+270,000
| +42% | +$21.2M |
|
81
iShares Semiconductor ETF
SOXX
$42B
| $58M | 0.09% |
+192,600
| New | +$56.8M |
|
|
SOLS
82
Solstice Advanced Materials
SOLS
$8.95B
| $54.7M | 0.09% |
+1,125,000
| New | +$53M |
|
83
Astera Labs
ALAB
$50.4B
| $54.1M | 0.09% |
325,000
+75,000
| +30% | +$12.5M |
|
84
PUT
TSMC
TSM
$2.17T
| $53.2M | 0.08% |
+175,000
| New | +$51.3M |
|
|
SARO
85
StandardAero Inc
SARO
$8.33B
| $48.8M | 0.08% |
1,702,019
-250,000
| -13% | -$6.81M |
|
|
NAVN
86
Navan Inc
NAVN
$7.46B
| $45.9M | 0.07% |
+2,686,828
| New | +$42.7M |
|
87
Rubrik
RBRK
$19.8B
| $45.9M | 0.07% |
600,000
-100,000
| -14% | -$7.67M |
|
88
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.9B
| $45.1M | 0.07% |
+93,900
| New | +$44.4M |
|
89
iShares 20+ Year Treasury Bond ETF
TLT
$47B
| $44.5M | 0.07% |
+511,000
| New | +$45.7M |
|
90
Cintas
CTAS
$82.3B
| $44.5M | 0.07% |
236,539
| – | – |
|
91
iShares Russell 2000 ETF
IWM
$81.6B
| $44.2M | 0.07% |
+179,500
| New | +$44.1M |
|
92
UiPath
PATH
$8.68B
| $42.8M | 0.07% |
2,611,276
-1,450,000
| -36% | -$22.6M |
|
93
JD.com
JD
$38.9B
| $42.2M | 0.07% |
1,471,173
-1,052,629
| -42% | -$32.9M |
|
94
Toast
TOST
$21.4B
| $40.8M | 0.06% |
1,150,000
+250,000
| +28% | +$9.01M |
|
95
NVIDIA
NVDA
$5.08T
| $39.4M | 0.06% |
211,439
| – | – |
|
96
Oric Pharmaceuticals
ORIC
$1.44B
| $36.8M | 0.06% |
4,504,096
| – | – |
|
|
HNGE
97
Hinge Health
HNGE
$7.3B
| $36.7M | 0.06% |
791,104
+415,093
| +110% | +$20M |
|
98
Twilio
TWLO
$35.1B
| $35.6M | 0.06% |
+250,000
| New | +$31M |
|
99
Argan
AGX
$6.38B
| $34.1M | 0.05% |
108,845
-11,155
| -9% | -$3.54M |
|
100
Iris Energy
IREN
$14.1B
| $30.2M | 0.05% |
800,000
-700,000
| -47% | -$36.1M |
|
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Alkeon Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Alkeon Capital Management held 128 positions worth $63.1B, down 7.1% from $68B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Alkeon Capital Management withdrew a net $6.6B in Q4 2025, closing 16 positions and reducing 35 holdings. Its most notable exit was argenx, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 13% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Alkeon Capital Management opened a new position in DoorDash worth $267M.
- Alkeon Capital Management's largest Q4 2025 buy was DoorDash: 1,178,410 shares worth $267M.
- Alkeon Capital Management added most to Invesco QQQ Trust in Q4 2025, an estimated $351M increase.
- Alkeon Capital Management's biggest Q4 2025 reduction was Oracle, cutting an estimated $535M.
- Alkeon Capital Management fully exited argenx in Q4 2025, selling an estimated $129M.
- Alkeon Capital Management's ten largest holdings make up 62% of its $63.1B portfolio in Q4 2025.
- Alkeon Capital Management opened 22 new positions and closed 16 in Q4 2025.
- Alkeon Capital Management's portfolio value fell 7.1% quarter-over-quarter to $63.1B.
Based on Alkeon Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.