We are live on ! Find out more
NC

NZS Capital Portfolio holdings

AUM $3B
1-Year Est. Return 21.29%
This Fund
S&P 500
This Quarter Est. Return
+6.41%
1 Year Est. Return
+21.29%
3 Year Est. Return
+93.69%
5 Year Est. Return
+97.87%
10 Year Est. Return
–
AUM
$3.27B
AUM Growth
+$323M
Cap. Flow
+$164M
Cap. Flow %
5.04%
Top 10 Hldgs %
38.68%
Holding
66
New
6
Increased
40
Reduced
13
Closed
5

Top Buys

Rank Stock Value
1
WDAY icon
Workday
WDAY
+$93.8M
2
IT icon
Gartner
IT
+$75.3M
3
SNPS icon
Synopsys
SNPS
+$53.6M
4
ROP icon
Roper Technologies
ROP
+$39M
5
IR icon
Ingersoll Rand
IR
+$35.5M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$96.7M
2
MCHP icon
Microchip Technology
MCHP
+$86.6M
3
ADSK icon
Autodesk
ADSK
+$62.8M
4
APH icon
Amphenol
APH
+$48.4M
5
CYBR
CyberArk
CYBR
+$47.5M

Sector Composition

Rank Sector Weight
1 Technology 56.07%
2 Industrials 11.3%
3 Communication Services 8.29%
4 Financials 7.16%
5 Healthcare 5.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ISRG icon
26
Intuitive Surgical
ISRG
$141B
$49.2M 1.51%
110,014
+41,708
+61% +$20M
NU icon
27
Nu Holdings
NU
$65.5B
$48.6M 1.49%
3,038,126
+637,442
+27% +$8.89M
UBER icon
28
Uber
UBER
$160B
$48.6M 1.49%
495,767
+30,113
+6% +$2.82M
TOST icon
29
Toast
TOST
$20.6B
$47M 1.44%
1,286,284
+74,047
+6% +$3.21M
SNPS icon
30
Synopsys
SNPS
$78.3B
$46.8M 1.43%
+94,849
New +$53.6M
MRVL icon
31
Marvell Technology
MRVL
$189B
$43.5M 1.33%
517,331
+28,378
+6% +$2.09M
PWR icon
32
Quanta Services
PWR
$101B
$42.3M 1.3%
102,073
+42,605
+72% +$16.6M
AAPL icon
33
Apple
AAPL
$4.48T
$41.1M 1.26%
161,251
+48,171
+43% +$10.9M
SAIL
34
SailPoint Inc
SAIL
$10.8B
$38.6M 1.18%
1,747,161
+1,137,643
+187% +$23.8M
MSFT icon
35
Microsoft
MSFT
$3.73T
$38.4M 1.17%
74,048
– –
HEI icon
36
HEICO Corp
HEI
$51.1B
$36.3M 1.11%
112,446
-1,000
-0.9% -$318K
TTAN
37
ServiceTitan Inc
TTAN
$8.6B
$34.5M 1.06%
341,747
+105,944
+45% +$11.6M
GLBE icon
38
Global E Online
GLBE
$6.85B
$34M 1.04%
950,631
+268,328
+39% +$9.16M
TEAM icon
39
Atlassian
TEAM
$39.1B
$33.7M 1.03%
211,180
+11,219
+6% +$2.03M
CSGP icon
40
CoStar Group
CSGP
$12.6B
$31.5M 0.96%
373,432
+22,905
+7% +$2.02M
CGNX icon
41
Cognex
CGNX
$10.7B
$31.1M 0.95%
685,976
-276,308
-29% -$11.2M
DASH icon
42
DoorDash
DASH
$93.2B
$29.5M 0.9%
108,555
+17,402
+19% +$4.36M
COIN icon
43
Coinbase
COIN
$39.2B
$28.5M 0.87%
84,337
-13,578
-14% -$4.6M
RGEN icon
44
Repligen
RGEN
$9.29B
$26.3M 0.81%
196,777
+51,483
+35% +$6.25M
AFRM icon
45
Affirm
AFRM
$25.6B
$26.1M 0.8%
356,926
-21,404
-6% -$1.63M
CMG icon
46
Chipotle Mexican Grill
CMG
$40.3B
$25.9M 0.79%
660,172
+47,967
+8% +$2.16M
Z icon
47
Zillow
Z
$7.76B
$24.9M 0.76%
322,803
+20,373
+7% +$1.66M
NOW icon
48
ServiceNow
NOW
$132B
$24.4M 0.75%
132,425
+108,160
+446% +$20.2M
MPWR icon
49
Monolithic Power Systems
MPWR
$68.8B
$23.9M 0.73%
+26,000
New +$21.1M
NET icon
50
Cloudflare
NET
$110B
$22.7M 0.69%
105,753
-194,752
-65% -$39.8M
1
2
3

Similar funds

B
Braidwell Stamford, Connecticut $3B AUM 46.72% 1-Year Est. Return
SGI
Swan Global Investments Durango, Colorado $3B AUM 15.66% 1-Year Est. Return
SP
SurgoCap Partners New York $2.99B AUM 39.34% 1-Year Est. Return
DIG
Dragoneer Investment Group San Francisco, California $3B AUM 6.95% 1-Year Est. Return
PCM
Palisade Capital Management Fort Lee, New Jersey $3B AUM 14% 1-Year Est. Return
ROTUOC
Regents of the University of California Oakland, California $3.01B AUM 11.91% 1-Year Est. Return
PHAM
Pacific Heights Asset Management San Francisco, California $2.99B AUM 52.5% 1-Year Est. Return
BGDI
BW Gestao de Investimentos Sao Paulo, Brazil $3.01B AUM 27.43% 1-Year Est. Return

NZS Capital's Q3 2025 Portfolio in Review

As of Q3 2025, NZS Capital held 66 positions worth $3.27B, up 11% from $2.94B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

NZS Capital deployed $164M of net new capital in Q3 2025, opening 6 new positions and adding to 40 existing holdings. Its largest new stake was Workday: 405,514 shares worth $97.6M.

By sector, the portfolio is most concentrated in Technology at 56% of assets, down from 58% a quarter earlier, followed by Industrials and Communication Services.

On the sell side, the largest reduction was NVIDIA, an estimated $96.7M trimmed.

  • NZS Capital's largest Q3 2025 buy was Workday: 405,514 shares worth $97.6M.
  • NZS Capital added most to Roper Technologies in Q3 2025, an estimated $39M increase.
  • NZS Capital's biggest Q3 2025 reduction was NVIDIA, cutting an estimated $96.7M.
  • NZS Capital fully exited Microchip Technology in Q3 2025, selling an estimated $86.6M.
  • NZS Capital's ten largest holdings make up 39% of its $3.27B portfolio in Q3 2025.
  • NZS Capital opened 6 new positions and closed 5 in Q3 2025.
  • NZS Capital's portfolio value rose 11% quarter-over-quarter to $3.27B.

Based on NZS Capital's 13F filing for Q3 2025, filed 12 Nov 2025.