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DG

David Goel Matrix Capital Management Company

AUM $46.3M
1-Year Est. Return 114.38%
 

David Goel is a co-founder of Matrix Capital Management, a technology-oriented investment firm with public and private market activities. Matrix is known for concentrated positions in software, semiconductor, and internet-related businesses. Goel’s filings are monitored for high-conviction technology themes.

This Fund
S&P 500
This Quarter Est. Return
+50.17%
1 Year Est. Return
+114.38%
3 Year Est. Return
+245.06%
5 Year Est. Return
+259.19%
10 Year Est. Return
+1,887.32%
AUM
$107M
AUM Growth
-$116M
Cap. Flow
-$147M
Cap. Flow %
-137.53%
Top 10 Hldgs %
100%
Holding
4
New
–
Increased
–
Reduced
1
Closed
1

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
GFS icon
GlobalFoundries
GFS
+$133M
2
MAZE
Maze Therapeutics
MAZE
+$14.1M

Sector Composition

Rank Sector Weight
1 Healthcare 100%
2 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MAZE
1
Maze Therapeutics
MAZE
$1.63B
$42.9M 40.17%
1,653,684
-832,500
-33% -$14.1M
AURA icon
2
Aura Biosciences
AURA
$809M
$42.8M 40.08%
6,922,870
– –
ZNTL icon
3
Zentalis Pharmaceuticals
ZNTL
$363M
$21.1M 19.75%
13,959,973
– –
GFS icon
4
GlobalFoundries
GFS
$26.4B
– –
-3,475,000
Closed -$133M

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David Goel's Q3 2025 Portfolio in Review

As of Q3 2025, David Goel held 4 positions worth $107M, down 52% from $223M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

David Goel withdrew a net $147M in Q3 2025, closing 1 position and reducing 1 holding. Its most notable exit was GlobalFoundries, an estimated $133M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 100% of assets, up from 40% a quarter earlier, followed by Technology.

  • David Goel's biggest Q3 2025 reduction was Maze Therapeutics, cutting an estimated $14.1M.
  • David Goel fully exited GlobalFoundries in Q3 2025, selling an estimated $133M.
  • David Goel's ten largest holdings make up 100% of its $107M portfolio in Q3 2025.
  • David Goel opened 0 new positions and closed 1 in Q3 2025.
  • David Goel's portfolio value fell 52% quarter-over-quarter to $107M.

Based on Matrix Capital Management Company's 13F filing for Q3 2025, filed 13 Nov 2025.