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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
RDDT icon
51
Reddit
RDDT
$30.7B
$12.9M 0.43%
96,020
+1,903
+2% +$324K
SABR icon
52
Sabre
SABR
$848M
$7.99M 0.27%
+5,508,444
New +$7.33M
HTFL
53
Heartflow Inc
HTFL
$2.54B
$7.06M 0.24%
290,133
+80,445
+38% +$2.18M
FIG
54
Figma
FIG
$13.4B
$5.75M 0.19%
272,131
+93,594
+52% +$2.57M
CRM icon
55
Salesforce
CRM
$162B
$5.5M 0.18%
+29,457
New +$6.1M
CRWD icon
56
CrowdStrike
CRWD
$227B
$4.03M 0.13%
41,264
+820
+2% +$86.9K
SPOT icon
57
Spotify
SPOT
$105B
$2.98M 0.1%
6,141
+122
+2% +$61.2K
IOT icon
58
Samsara
IOT
$23.6B
$1.63M 0.05%
+51,522
New +$1.57M
CGNX icon
59
Cognex
CGNX
$10.9B
– –
-692,849
Closed -$24.9M
FND icon
60
Floor & Decor
FND
$6.46B
– –
-270,274
Closed -$16.5M
IT icon
61
Gartner
IT
$12B
– –
-301,284
Closed -$76M
LMND icon
62
Lemonade
LMND
$4.08B
– –
-130,379
Closed -$9.28M
MNDY icon
63
monday.com
MNDY
$3.67B
– –
-16,646
Closed -$2.46M
NOW icon
64
ServiceNow
NOW
$132B
– –
-142,676
Closed -$21.9M
PCOR icon
65
Procore
PCOR
$8.94B
– –
-773,108
Closed -$56.2M
TTAN
66
ServiceTitan Inc
TTAN
$8.33B
– –
-362,203
Closed -$38.6M
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.