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NZS Capital Portfolio holdings

AUM $3B
1-Year Est. Return 21.29%
This Fund
S&P 500
This Quarter Est. Return
-7.34%
1 Year Est. Return
+21.29%
3 Year Est. Return
+93.69%
5 Year Est. Return
+97.87%
10 Year Est. Return
–
AUM
$3B
AUM Growth
-$262M
Cap. Flow
+$51.5M
Cap. Flow %
1.72%
Top 10 Hldgs %
39.57%
Holding
66
New
4
Increased
44
Reduced
10
Closed
8

Top Buys

Rank Stock Value
1
SYK icon
Stryker
SYK
+$83.7M
2
TYL icon
Tyler Technologies
TYL
+$61.7M
3
APH icon
Amphenol
APH
+$38.4M
4
AJG icon
Arthur J. Gallagher & Co
AJG
+$32.2M
5
ISRG icon
Intuitive Surgical
ISRG
+$24.3M

Top Sells

Rank Stock Value
1
AMT icon
American Tower
AMT
+$95.3M
2
IT icon
Gartner
IT
+$76M
3
PCOR icon
Procore
PCOR
+$56.2M
4
TTAN
ServiceTitan Inc
TTAN
+$38.6M
5
LRCX icon
Lam Research
LRCX
+$37.1M

Sector Composition

Rank Sector Weight
1 Technology 50.29%
2 Industrials 13.16%
3 Healthcare 10.32%
4 Communication Services 8.62%
5 Financials 8.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOG icon
1
Alphabet (Google) Class C
GOOG
$4.35T
$218M 7.28%
760,682
-54,691
-7% -$17.2M
CDNS icon
2
Cadence Design Systems
CDNS
$91.4B
$147M 4.89%
527,423
+57,566
+12% +$17.2M
LRCX icon
3
Lam Research
LRCX
$383B
$123M 4.09%
573,887
-165,786
-22% -$37.1M
LIN icon
4
Linde
LIN
$227B
$114M 3.81%
230,175
-14,170
-6% -$6.69M
DHR icon
5
Danaher
DHR
$147B
$106M 3.53%
558,409
-72,257
-11% -$15.4M
TXN icon
6
Texas Instruments
TXN
$256B
$104M 3.46%
533,805
+11,546
+2% +$2.34M
ROP icon
7
Roper Technologies
ROP
$39.9B
$102M 3.41%
289,295
+62,980
+28% +$23.2M
APH icon
8
Amphenol
APH
$207B
$95.9M 3.2%
758,975
+273,049
+56% +$38.4M
PGR icon
9
Progressive
PGR
$124B
$95.1M 3.17%
479,756
+11,391
+2% +$2.35M
TT icon
10
Trane Technologies
TT
$105B
$82.2M 2.74%
197,197
+4,423
+2% +$1.88M
AJG icon
11
Arthur J. Gallagher & Co
AJG
$64.7B
$79.9M 2.67%
368,965
+139,261
+61% +$32.2M
SYK icon
12
Stryker
SYK
$133B
$76.6M 2.55%
+233,119
New +$83.7M
ISRG icon
13
Intuitive Surgical
ISRG
$139B
$73.3M 2.45%
159,105
+48,100
+43% +$24.3M
IR icon
14
Ingersoll Rand
IR
$33.6B
$72.7M 2.43%
907,881
-74,610
-8% -$6.59M
ARM icon
15
Arm
ARM
$286B
$70.7M 2.36%
467,303
+55,555
+13% +$6.74M
WDAY icon
16
Workday
WDAY
$45.5B
$69.1M 2.31%
532,142
+43,566
+9% +$6.92M
TYL icon
17
Tyler Technologies
TYL
$13B
$68M 2.27%
198,464
+165,844
+508% +$61.7M
URI icon
18
United Rentals
URI
$70.8B
$67.3M 2.24%
92,312
+2,167
+2% +$1.82M
SHOP icon
19
Shopify
SHOP
$200B
$65.3M 2.18%
550,389
+171,061
+45% +$22.5M
KLAC icon
20
KLA
KLAC
$252B
$63.6M 2.12%
431,750
-36,400
-8% -$5.33M
NVDA icon
21
NVIDIA
NVDA
$5.27T
$60M 2%
344,238
+50,121
+17% +$9.2M
PWR icon
22
Quanta Services
PWR
$99.4B
$53.5M 1.78%
97,407
-5,851
-6% -$3.01M
UBER icon
23
Uber
UBER
$159B
$53.5M 1.78%
743,412
+19,158
+3% +$1.47M
LSCC icon
24
Lattice Semiconductor
LSCC
$18.2B
$52.3M 1.75%
564,039
+12,716
+2% +$1.14M
MELI icon
25
Mercado Libre
MELI
$92.5B
$51.4M 1.72%
29,754
+6,515
+28% +$12.6M
1
2 3

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NZS Capital's Q1 2026 Portfolio in Review

As of Q1 2026, NZS Capital held 66 positions worth $3B, down 8% from $3.26B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

NZS Capital's Q1 2026 filing shows 4 new, 44 increased, 10 reduced and 8 closed positions. Its largest new stake was Stryker: 233,119 shares worth $76.6M. The largest sale was American Tower, an estimated $95.3M.

By sector, the portfolio is most concentrated in Technology at 50% of assets, up from 50% a quarter earlier, followed by Industrials and Healthcare.

  • NZS Capital's largest Q1 2026 buy was Stryker: 233,119 shares worth $76.6M.
  • NZS Capital added most to Tyler Technologies in Q1 2026, an estimated $61.7M increase.
  • NZS Capital's biggest Q1 2026 reduction was American Tower, cutting an estimated $95.3M.
  • NZS Capital fully exited Gartner in Q1 2026, selling an estimated $76M.
  • NZS Capital's ten largest holdings make up 40% of its $3B portfolio in Q1 2026.
  • NZS Capital opened 4 new positions and closed 8 in Q1 2026.
  • NZS Capital's portfolio value fell 8% quarter-over-quarter to $3B.

Based on NZS Capital's 13F filing for Q1 2026, filed 15 May 2026.