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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
+3.22%
1 Year Est. Return
+21.29%
3 Year Est. Return
+93.69%
5 Year Est. Return
+97.87%
10 Year Est. Return
–
AUM
$2.35B
AUM Growth
-$215M
Cap. Flow
-$220M
Cap. Flow %
-9.37%
Top 10 Hldgs %
40.31%
Holding
63
New
5
Increased
24
Reduced
30
Closed
4

Top Buys

Rank Stock Value
1
ANSS
Ansys
ANSS
+$30M
2
TEAM icon
Atlassian
TEAM
+$23.2M
3
CPRT icon
Copart
CPRT
+$20.7M
4
SNOW icon
Snowflake
SNOW
+$19.6M
5
TTAN
ServiceTitan Inc
TTAN
+$15.7M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$49.4M
2
KLAC icon
KLA
KLAC
+$32.4M
3
AAPL icon
Apple
AAPL
+$28.8M
4
AMD icon
Advanced Micro Devices
AMD
+$28.8M
5
CRM icon
Salesforce
CRM
+$28.2M

Sector Composition

Rank Sector Weight
1 Technology 54.55%
2 Industrials 10.18%
3 Communication Services 9.64%
4 Consumer Discretionary 6.48%
5 Healthcare 6.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TTAN
51
ServiceTitan Inc
TTAN
$8.6B
$15.5M 0.66%
+150,506
New +$15.7M
PEN icon
52
Penumbra
PEN
$12.9B
$15.3M 0.65%
64,314
+2,260
+4% +$514K
CRM icon
53
Salesforce
CRM
$162B
$11.8M 0.5%
35,224
-88,481
-72% -$28.2M
NFLX icon
54
Netflix
NFLX
$314B
$11.4M 0.49%
128,290
-61,540
-32% -$5.07M
THO icon
55
Thor Industries
THO
$4.19B
$9.96M 0.42%
104,077
+4,645
+5% +$496K
CDW icon
56
CDW
CDW
$17B
$8.28M 0.35%
47,573
-42,998
-47% -$8.35M
COIN icon
57
Coinbase
COIN
$39.2B
$8M 0.34%
+32,204
New +$8.18M
AMD icon
58
Advanced Micro Devices
AMD
$767B
$7.07M 0.3%
58,498
-200,308
-77% -$28.8M
NOW icon
59
ServiceNow
NOW
$132B
$6.57M 0.28%
30,995
-15,245
-33% -$3.09M
AMZN icon
60
Amazon
AMZN
$2.95T
– –
-114,376
Closed -$21.3M
MEDP icon
61
Medpace
MEDP
$16.8B
– –
-70,966
Closed -$23.7M
MRNA icon
62
Moderna
MRNA
$23.6B
– –
-196,973
Closed -$13.2M
TSM icon
63
TSMC
TSM
$2.19T
– –
-72,153
Closed -$12.5M
1 2
3

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NZS Capital's Q4 2024 Portfolio in Review

As of Q4 2024, NZS Capital held 63 positions worth $2.35B, down 8.4% from $2.56B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

NZS Capital withdrew a net $220M in Q4 2024, closing 4 positions and reducing 30 holdings. Its most notable exit was Medpace, an estimated $23.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 55% of assets, down from 55% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, NZS Capital opened a new position in Ansys worth $30.2M.

  • NZS Capital's largest Q4 2024 buy was Ansys: 89,543 shares worth $30.2M.
  • NZS Capital added most to Copart in Q4 2024, an estimated $20.7M increase.
  • NZS Capital's biggest Q4 2024 reduction was Microsoft, cutting an estimated $49.4M.
  • NZS Capital fully exited Medpace in Q4 2024, selling an estimated $23.7M.
  • NZS Capital's ten largest holdings make up 40% of its $2.35B portfolio in Q4 2024.
  • NZS Capital opened 5 new positions and closed 4 in Q4 2024.
  • NZS Capital's portfolio value fell 8.4% quarter-over-quarter to $2.35B.

Based on NZS Capital's 13F filing for Q4 2024, filed 14 Feb 2025.