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NMO
Newlands Management Operations Portfolio holdings
AUM
$15.5B
1-Year Est. Return
25.52%
This Fund
S&P 500
This Quarter
Est. Return
-5.2%
1 Year Est. Return
+25.52%
3 Year Est. Return
+185.35%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$19.4B
AUM Growth
-$1.68B
(-8%)
Cap. Flow
-$182M
Cap. Flow
% of AUM
-0.94%
Top 10 Holdings %
Top 10 Hldgs %
95.1%
Holding
25
New
–
Increased
–
Reduced
2
Closed
8
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DOCU
DocuSign
DOCU
|
+$83M |
| 2 |
Meta Platforms (Facebook)
META
|
+$82.3M |
| 3 |
Freshworks
FRSH
|
+$5.41M |
| 4 |
Carvana
CVNA
|
+$5.28M |
| 5 |
Pinduoduo
PDD
|
+$1.59M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 46.74% |
| 2 | Consumer Discretionary | 26.76% |
| 3 | Financials | 15.75% |
| 4 | Technology | 10.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Meta Platforms (Facebook)
META
$1.64T
| $6.47B | 33.34% |
9,797,414
-123,200
| -1% | -$82.3M |
|
2
Robinhood
HOOD
$89.7B
| $2.73B | 14.08% |
24,158,860
| – | – |
|
3
Alphabet (Google) Class A
GOOGL
$4.23T
| $1.94B | 10.01% |
6,207,074
| – | – |
|
4
Tesla
TSLA
$1.43T
| $1.69B | 8.73% |
3,766,106
| – | – |
|
5
DoorDash
DASH
$80.2B
| $1.6B | 8.25% |
7,068,299
| – | – |
|
6
Amazon
AMZN
$2.66T
| $1.52B | 7.84% |
6,589,070
| – | – |
|
7
Shopify
SHOP
$160B
| $1.02B | 5.25% |
6,325,050
| – | – |
|
8
Netflix
NFLX
$290B
| $629M | 3.24% |
6,707,220
| – | – |
|
9
Microsoft
MSFT
$2.93T
| $508M | 2.62% |
1,050,322
| – | – |
|
10
JD.com
JD
$40B
| $336M | 1.73% |
11,693,590
| – | – |
|
|
SCHW
11
Charles Schwab
SCHW
$177B
| $319M | 1.65% |
3,196,166
| – | – |
|
12
Workday
WDAY
$35.8B
| $293M | 1.51% |
1,363,667
| – | – |
|
|
DOCU
13
DocuSign
DOCU
$10.1B
| $200M | 1.03% |
2,922,708
-1,200,000
| -29% | -$83M |
|
14
Apple
AAPL
$4.9T
| $67.7M | 0.35% |
248,975
| – | – |
|
15
Alibaba
BABA
$276B
| $39.6M | 0.2% |
269,858
| – | – |
|
|
16
Alphabet (Google) Class C
GOOG
$4.22T
| $28.5M | 0.15% |
90,740
| – | – |
|
17
Coinbase
COIN
$41.4B
| $3.11M | 0.02% |
13,757
| – | – |
|
18
Braze
BRZE
$2.98B
| – | – |
-23,294
| Closed | -$662K |
|
|
19
Carvana
CVNA
$48.2B
| – | – |
-69,925
| Closed | -$5.28M |
|
20
Datadog
DDOG
$92.1B
| – | – |
-6,703
| Closed | -$955K |
|
|
21
Freshworks
FRSH
$3.01B
| – | – |
-459,619
| Closed | -$5.41M |
|
22
GitLab
GTLB
$5.53B
| – | – |
-17,214
| Closed | -$776K |
|
23
Procore
PCOR
$6.93B
| – | – |
-19,045
| Closed | -$1.39M |
|
|
24
Pinduoduo
PDD
$120B
| – | – |
-12,050
| Closed | -$1.59M |
|
|
TTAN
25
ServiceTitan Inc
TTAN
$7.25B
| – | – |
-11,013
| Closed | -$1.11M |
|
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Newlands Management Operations's Q4 2025 Portfolio in Review
As of Q4 2025, Newlands Management Operations held 25 positions worth $19.4B, down 8% from $21.1B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Newlands Management Operations's Q4 2025 filing shows 2 reduced and 8 closed positions. The largest sale was DocuSign, an estimated $83M.
By sector, the portfolio is most concentrated in Communication Services at 47% of assets, up from 46% a quarter earlier, followed by Consumer Discretionary and Financials.
- Newlands Management Operations's biggest Q4 2025 reduction was DocuSign, cutting an estimated $83M.
- Newlands Management Operations fully exited Freshworks in Q4 2025, selling an estimated $5.41M.
- Newlands Management Operations's ten largest holdings make up 95% of its $19.4B portfolio in Q4 2025.
- Newlands Management Operations opened 0 new positions and closed 8 in Q4 2025.
- Newlands Management Operations's portfolio value fell 8% quarter-over-quarter to $19.4B.
Based on Newlands Management Operations's 13F filing for Q4 2025, filed 17 Feb 2026.