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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
+18.03%
1 Year Est. Return
+21.29%
3 Year Est. Return
+93.69%
5 Year Est. Return
+97.87%
10 Year Est. Return
–
AUM
$1.9B
AUM Growth
+$41.4M
(+2.2%)
Cap. Flow
-$241M
Cap. Flow
% of AUM
-12.69%
Top 10 Holdings %
Top 10 Hldgs %
43.29%
Holding
69
New
4
Increased
31
Reduced
20
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Rentals
URI
|
+$17.5M |
| 2 |
Uber
UBER
|
+$15.3M |
| 3 |
ANSS
Ansys
ANSS
|
+$8.68M |
| 4 |
Toast
TOST
|
+$8.32M |
| 5 |
Floor & Decor
FND
|
+$7.28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US
TMUS
|
+$46M |
| 2 |
Ball Corp
BALL
|
+$32.8M |
| 3 |
NextEra Energy
NEE
|
+$29.2M |
| 4 |
Autodesk
ADSK
|
+$25.7M |
| 5 |
NVIDIA
NVDA
|
+$23.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 62.82% |
| 2 | Healthcare | 7.25% |
| 3 | Communication Services | 6.9% |
| 4 | Consumer Discretionary | 6.52% |
| 5 | Industrials | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Palo Alto Networks
PANW
$312B
| $7.99M | 0.42% |
+54,200
| New | +$7.25M |
|
|
SWAV
52
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $7.19M | 0.38% |
+37,753
| New | +$7.14M |
|
53
Netflix
NFLX
$314B
| $5.54M | 0.29% |
113,740
-28,140
| -20% | -$1.23M |
|
54
Trade Desk
TTD
$6.43B
| $5.15M | 0.27% |
+71,546
| New | +$5.26M |
|
55
Walt Disney
DIS
$179B
| $4.41M | 0.23% |
48,860
-12,090
| -20% | -$1.07M |
|
56
Airbnb
ABNB
$111B
| – | – |
-138,990
| Closed | -$19.1M |
|
|
57
Autodesk
ADSK
$53.2B
| – | – |
-124,111
| Closed | -$25.7M |
|
|
58
Ball Corp
BALL
$16.6B
| – | – |
-658,101
| Closed | -$32.8M |
|
59
BILL Holdings
BILL
$4.96B
| – | – |
-38,454
| Closed | -$4.17M |
|
60
Doximity
DOCS
$4.72B
| – | – |
-351,703
| Closed | -$7.46M |
|
61
Fastenal
FAST
$60.4B
| – | – |
-606,708
| Closed | -$16.6M |
|
62
Micron Technology
MU
$970B
| – | – |
-151,349
| Closed | -$10.3M |
|
|
63
NextEra Energy
NEE
$178B
| – | – |
-510,108
| Closed | -$29.2M |
|
64
Okta
OKTA
$26.1B
| – | – |
-228,876
| Closed | -$18.7M |
|
65
Silicon Laboratories
SLAB
$7.22B
| – | – |
-126,308
| Closed | -$14.6M |
|
|
66
T-Mobile US
TMUS
$194B
| – | – |
-328,701
| Closed | -$46M |
|
67
Tractor Supply
TSCO
$18.7B
| – | – |
-307,330
| Closed | -$12.5M |
|
68
TSMC
TSM
$2.19T
| – | – |
-14,357
| Closed | -$1.25M |
|
69
Zillow
Z
$7.76B
| – | – |
-219,723
| Closed | -$10.1M |
|
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NZS Capital's Q4 2023 Portfolio in Review
As of Q4 2023, NZS Capital held 69 positions worth $1.9B, up 2.2% from $1.86B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
NZS Capital withdrew a net $241M in Q4 2023, closing 14 positions and reducing 20 holdings. Its most notable exit was T-Mobile US, an estimated $46M 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 Healthcare and Communication Services.
Against the trend, NZS Capital opened a new position in Uber worth $18M.
- NZS Capital's largest Q4 2023 buy was Uber: 292,409 shares worth $18M.
- NZS Capital added most to United Rentals in Q4 2023, an estimated $17.5M increase.
- NZS Capital's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $23.6M.
- NZS Capital fully exited T-Mobile US in Q4 2023, selling an estimated $46M.
- NZS Capital's ten largest holdings make up 43% of its $1.9B portfolio in Q4 2023.
- NZS Capital opened 4 new positions and closed 14 in Q4 2023.
- NZS Capital's portfolio value rose 2.2% quarter-over-quarter to $1.9B.
Based on NZS Capital's 13F filing for Q4 2023, filed 14 Feb 2024.