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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
+11.64%
1 Year Est. Return
+21.29%
3 Year Est. Return
+93.69%
5 Year Est. Return
+97.87%
10 Year Est. Return
–
AUM
$2B
AUM Growth
+$111M
(+5.9%)
Cap. Flow
-$73.3M
Cap. Flow
% of AUM
-3.67%
Top 10 Holdings %
Top 10 Hldgs %
43.81%
Holding
68
New
3
Increased
26
Reduced
35
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AXON
Axon Enterprise
AXON
|
+$11.2M |
| 2 |
Microsoft
MSFT
|
+$9.92M |
| 3 |
Cognex
CGNX
|
+$7.42M |
| 4 |
ON Semiconductor
ON
|
+$6.87M |
| 5 |
CoStar Group
CSGP
|
+$5.54M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$35.9M |
| 2 |
PayPal
PYPL
|
+$21.7M |
| 3 |
Amazon
AMZN
|
+$13.8M |
| 4 |
Cadence Design Systems
CDNS
|
+$10.2M |
| 5 |
CTLT
CATALENT, INC.
CTLT
|
+$8.88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 62.92% |
| 2 | Consumer Discretionary | 10.07% |
| 3 | Communication Services | 8.29% |
| 4 | Healthcare | 5.51% |
| 5 | Industrials | 3.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GTLS
51
DELISTED
Chart Industries
GTLS
| $10.3M | 0.51% |
64,385
+9,672
| +18% | +$1.24M |
|
52
Micron Technology
MU
$970B
| $9.76M | 0.49% |
154,600
+5,052
| +3% | +$325K |
|
53
BILL Holdings
BILL
$4.96B
| $9.55M | 0.48% |
81,763
+33,807
| +70% | +$3.21M |
|
54
Tesla
TSLA
$1.32T
| $8.82M | 0.44% |
33,702
-2,637
| -7% | -$527K |
|
55
CrowdStrike
CRWD
$227B
| $8.63M | 0.43% |
234,980
-4,688
| -2% | -$163K |
|
56
Thor Industries
THO
$4.19B
| $8.06M | 0.4% |
77,920
-6,203
| -7% | -$524K |
|
57
Netflix
NFLX
$314B
| $6.38M | 0.32% |
144,930
+4,730
| +3% | +$174K |
|
|
FTCH
58
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $5.83M | 0.29% |
965,905
-32,247
| -3% | -$155K |
|
59
Floor & Decor
FND
$6.36B
| $5.77M | 0.29% |
55,482
+20,432
| +58% | +$1.95M |
|
60
Walt Disney
DIS
$179B
| $5.56M | 0.28% |
62,259
+2,035
| +3% | +$193K |
|
61
Moderna
MRNA
$23.6B
| $5.39M | 0.27% |
44,350
+7,459
| +20% | +$995K |
|
62
Teledyne Technologies
TDY
$31.6B
| $4.88M | 0.24% |
+11,878
| New | +$4.9M |
|
63
Repligen
RGEN
$9.29B
| $4.04M | 0.2% |
+28,532
| New | +$4.57M |
|
64
TSMC
TSM
$2.19T
| $1.73M | 0.09% |
17,096
-4,398
| -20% | -$409K |
|
65
nCino
NCNO
$2.12B
| – | – |
-67,388
| Closed | -$1.67M |
|
|
66
PayPal
PYPL
$50.5B
| – | – |
-285,689
| Closed | -$21.7M |
|
67
Zscaler
ZS
$28.8B
| – | – |
-27,234
| Closed | -$3.18M |
|
|
CTLT
68
DELISTED
CATALENT, INC.
CTLT
| – | – |
-135,085
| Closed | -$8.88M |
|
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NZS Capital's Q2 2023 Portfolio in Review
As of Q2 2023, NZS Capital held 68 positions worth $2B, up 5.9% from $1.89B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
NZS Capital withdrew a net $73.3M in Q2 2023, closing 4 positions and reducing 35 holdings. Its most notable exit was PayPal, an estimated $21.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 63% of assets, up from 61% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, NZS Capital opened a new position in Axon Enterprise worth $10.6M.
- NZS Capital's largest Q2 2023 buy was Axon Enterprise: 54,143 shares worth $10.6M.
- NZS Capital added most to Microsoft in Q2 2023, an estimated $9.92M increase.
- NZS Capital's biggest Q2 2023 reduction was Salesforce, cutting an estimated $35.9M.
- NZS Capital fully exited PayPal in Q2 2023, selling an estimated $21.7M.
- NZS Capital's ten largest holdings make up 44% of its $2B portfolio in Q2 2023.
- NZS Capital opened 3 new positions and closed 4 in Q2 2023.
- NZS Capital's portfolio value rose 5.9% quarter-over-quarter to $2B.
Based on NZS Capital's 13F filing for Q2 2023, filed 11 Aug 2023.