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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
-4.42%
1 Year Est. Return
+21.29%
3 Year Est. Return
+93.69%
5 Year Est. Return
+97.87%
10 Year Est. Return
–
AUM
$2.22B
AUM Growth
-$132M
Cap. Flow
+$10.8M
Cap. Flow %
0.49%
Top 10 Hldgs %
39.85%
Holding
65
New
6
Increased
21
Reduced
32
Closed
6

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$36.6M
2
APH icon
Amphenol
APH
+$27.5M
3
MRVL icon
Marvell Technology
MRVL
+$26.7M
4
TT icon
Trane Technologies
TT
+$26.5M
5
CDNS icon
Cadence Design Systems
CDNS
+$25.9M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$31.6M
2
ANSS
Ansys
ANSS
+$30.2M
3
FISV
Fiserv Inc
FISV
+$26.9M
4
LIN icon
Linde
LIN
+$25.7M
5
TTD icon
Trade Desk
TTD
+$18.1M

Sector Composition

Rank Sector Weight
1 Technology 55.72%
2 Industrials 11.6%
3 Communication Services 8.18%
4 Financials 6.39%
5 Consumer Discretionary 6.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NFLX icon
51
Netflix
NFLX
$314B
$10.5M 0.47%
112,450
-15,840
-12% -$1.51M
COIN icon
52
Coinbase
COIN
$39.2B
$9.53M 0.43%
55,354
+23,150
+72% +$5.61M
THO icon
53
Thor Industries
THO
$4.19B
$7.79M 0.35%
102,740
-1,337
-1% -$126K
RDDT icon
54
Reddit
RDDT
$30.6B
$6.84M 0.31%
+65,180
New +$10.8M
NOW icon
55
ServiceNow
NOW
$132B
$3.75M 0.17%
23,535
-7,460
-24% -$1.44M
LMND icon
56
Lemonade
LMND
$4.11B
$3.42M 0.15%
+108,970
New +$3.75M
MNDY icon
57
monday.com
MNDY
$3.68B
$2.98M 0.13%
+12,247
New +$3.24M
CRWD icon
58
CrowdStrike
CRWD
$227B
$1.78M 0.08%
+20,228
New +$1.93M
SAIL
59
SailPoint Inc
SAIL
$10.8B
$1.73M 0.08%
+92,044
New +$2.01M
AMD icon
60
Advanced Micro Devices
AMD
$767B
– –
-58,498
Closed -$7.07M
ANSS
61
DELISTED
Ansys
ANSS
– –
-89,543
Closed -$30.2M
CCJ icon
62
Cameco
CCJ
$42.9B
– –
-330,981
Closed -$17M
CDW icon
63
CDW
CDW
$17B
– –
-47,573
Closed -$8.28M
GTLS
64
DELISTED
Chart Industries
GTLS
– –
-92,644
Closed -$17.7M
TTD icon
65
Trade Desk
TTD
$6.43B
– –
-153,998
Closed -$18.1M
1 2
3

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NZS Capital's Q1 2025 Portfolio in Review

As of Q1 2025, NZS Capital held 65 positions worth $2.22B, down 5.6% from $2.35B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

NZS Capital's Q1 2025 filing shows 6 new, 21 increased, 32 reduced and 6 closed positions. Its largest new stake was Marvell Technology: 275,133 shares worth $16.9M. The largest sale was Microsoft, an estimated $31.6M.

By sector, the portfolio is most concentrated in Technology at 56% of assets, up from 55% a quarter earlier, followed by Industrials and Communication Services.

  • NZS Capital's largest Q1 2025 buy was Marvell Technology: 275,133 shares worth $16.9M.
  • NZS Capital added most to NVIDIA in Q1 2025, an estimated $36.6M increase.
  • NZS Capital's biggest Q1 2025 reduction was Microsoft, cutting an estimated $31.6M.
  • NZS Capital fully exited Ansys in Q1 2025, selling an estimated $30.2M.
  • NZS Capital's ten largest holdings make up 40% of its $2.22B portfolio in Q1 2025.
  • NZS Capital opened 6 new positions and closed 6 in Q1 2025.
  • NZS Capital's portfolio value fell 5.6% quarter-over-quarter to $2.22B.

Based on NZS Capital's 13F filing for Q1 2025, filed 14 May 2025.