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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 | |
|---|---|---|---|---|---|---|
101
JFrog
FROG
$11.4B
| $25.9M | 0.04% |
414,425
-300,000
| -42% | -$17.1M |
|
102
MongoDB
MDB
$32.7B
| $21M | 0.03% |
50,000
-70,000
| -58% | -$25.5M |
|
103
Chipotle Mexican Grill
CMG
$47.3B
| $18.5M | 0.03% |
500,289
| – | – |
|
104
KE Holdings
BEKE
$19.7B
| $17.2M | 0.03% |
1,093,559
-1,054,164
| -49% | -$18.1M |
|
105
Apple
AAPL
$4.57T
| $15.4M | 0.02% |
56,627
| – | – |
|
106
dLocal
DLO
$4.52B
| $11.6M | 0.02% |
823,837
| – | – |
|
|
107
Oracle
ORCL
$429B
| $9.75M | 0.02% |
50,000
-2,247,530
| -98% | -$535M |
|
108
ServiceNow
NOW
$130B
| $9.22M | 0.01% |
+60,170
| New | +$10.3M |
|
|
OS
109
DELISTED
OneStream Inc
OS
| $8.73M | 0.01% |
475,000
-325,000
| -41% | -$6.2M |
|
110
Alto Neuroscience
ANRO
$1.43B
| $8.49M | 0.01% |
477,101
| – | – |
|
111
Bitdeer Technologies
BTDR
$2.9B
| $5.32M | 0.01% |
+475,000
| New | +$7.65M |
|
112
Paylocity
PCTY
$8.07B
| $3.76M | 0.01% |
24,683
| – | – |
|
|
AKRO
113
DELISTED
Akero Therapeutics
AKRO
| – | – |
-1,850,934
| Closed | -$87.9M |
|
114
PUT
Amazon
AMZN
$2.81T
| – | – |
-225,000
| Closed | -$49.4M |
|
|
115
argenx
ARGX
$65.5B
| – | – |
-175,000
| Closed | -$129M |
|
116
BioCryst Pharmaceuticals
BCRX
$2.51B
| – | – |
-5,464,021
| Closed | -$41.5M |
|
117
Insmed
INSM
$27.2B
| – | – |
-500,000
| Closed | -$72M |
|
118
Keros Therapeutics
KROS
$220M
| – | – |
-850,511
| Closed | -$13.5M |
|
119
CALL
Meta Platforms (Facebook)
META
$1.47T
| – | – |
-550,000
| Closed | -$404M |
|
|
120
PUT
Meta Platforms (Facebook)
META
$1.47T
| – | – |
-67,000
| Closed | -$49.2M |
|
|
MREO
121
Mereo BioPharma
MREO
$44.4M
| – | – |
-3,698,100
| Closed | -$7.62M |
|
|
122
Rhythm Pharmaceuticals
RYTM
$7.7B
| – | – |
-1,017,700
| Closed | -$103M |
|
123
Snowflake
SNOW
$109B
| – | – |
-100,000
| Closed | -$22.6M |
|
|
XYZ
124
Block Inc
XYZ
$49.9B
| – | – |
-866,200
| Closed | -$62.6M |
|
|
CRWV
125
CALL
CoreWeave
CRWV
$48.5B
| – | – |
-730,000
| Closed | -$99.9M |
|
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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.