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TCMX

Technology Crossover Management X Portfolio holdings

AUM $795M
1-Year Est. Return 5.23%
This Fund
S&P 500
This Quarter Est. Return
-0.97%
1 Year Est. Return
-5.23%
3 Year Est. Return
+73.12%
5 Year Est. Return
-1.39%
10 Year Est. Return
–
AUM
$1B
AUM Growth
-$185M
Cap. Flow
-$166M
Cap. Flow %
-16.55%
Top 10 Hldgs %
100%
Holding
7
New
–
Increased
1
Reduced
1
Closed
1

Top Buys

Rank Stock Value
1
GTLB icon
GitLab
GTLB
+$69.1M

Top Sells

Rank Stock Value
1
NU icon
Nu Holdings
NU
+$212M
2
TOST icon
Toast
TOST
+$22.8M

Sector Composition

Rank Sector Weight
1 Financials 90.79%
2 Technology 7.2%
3 Consumer Discretionary 1.56%
4 Healthcare 0.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NU icon
1
Nu Holdings
NU
$67.3B
$713M 71.11%
42,574,870
-13,206,578
-24% -$212M
KLAR
2
Klarna Group
KLAR
$7.82B
$111M 11.09%
3,844,736
– –
RKT icon
3
Rocket Companies
RKT
$42.6B
$86.2M 8.6%
4,450,000
– –
GTLB icon
4
GitLab
GTLB
$7.32B
$72.1M 7.2%
1,922,114
+1,597,114
+491% +$69.1M
PTON icon
5
Peloton Interactive
PTON
$2.44B
$15.7M 1.56%
2,541,626
– –
GDRX icon
6
GoodRx Holdings
GDRX
$1.27B
$4.48M 0.45%
1,653,566
– –
TOST icon
7
Toast
TOST
$20.4B
– –
-625,000
Closed -$22.8M

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AI
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M
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HP
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AWG
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IAM
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Technology Crossover Management X's Q4 2025 Portfolio in Review

As of Q4 2025, Technology Crossover Management X held 7 positions worth $1B, down 16% from $1.19B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Technology Crossover Management X withdrew a net $166M in Q4 2025, closing 1 position and reducing 1 holding. Its most notable exit was Toast, an estimated $22.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 91% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Technology Crossover Management X added an estimated $69.1M to GitLab.

  • Technology Crossover Management X added most to GitLab in Q4 2025, an estimated $69.1M increase.
  • Technology Crossover Management X's biggest Q4 2025 reduction was Nu Holdings, cutting an estimated $212M.
  • Technology Crossover Management X fully exited Toast in Q4 2025, selling an estimated $22.8M.
  • Technology Crossover Management X's ten largest holdings make up 100% of its $1B portfolio in Q4 2025.
  • Technology Crossover Management X opened 0 new positions and closed 1 in Q4 2025.
  • Technology Crossover Management X's portfolio value fell 16% quarter-over-quarter to $1B.

Based on Technology Crossover Management X's 13F filing for Q4 2025, filed 6 Feb 2026.