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Technology Crossover Management XI Portfolio holdings

AUM $533M
1-Year Est. Return 42.1%
This Fund
S&P 500
This Quarter Est. Return
-15.65%
1 Year Est. Return
-42.1%
3 Year Est. Return
+112.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$740M
AUM Growth
-$237M
Cap. Flow
-$99.3M
Cap. Flow %
-13.41%
Top 10 Hldgs %
100%
Holding
3
New
–
Increased
–
Reduced
–
Closed
1

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
CART icon
Maplebear
CART
+$99.3M

Sector Composition

Rank Sector Weight
1 Communication Services 100%
2 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPOT icon
1
Spotify
SPOT
$110B
$581M 78.45%
1,000,000
– –
Z icon
2
Zillow
Z
$8.07B
$160M 21.55%
2,338,036
– –
CART icon
3
Maplebear
CART
$11.5B
– –
-2,700,000
Closed -$99.3M

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Technology Crossover Management XI's Q4 2025 Portfolio in Review

As of Q4 2025, Technology Crossover Management XI held 3 positions worth $740M, down 24% from $977M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Technology Crossover Management XI withdrew a net $99.3M in Q4 2025, closing 1 position. Its most notable exit was Maplebear, an estimated $99.3M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 100% of assets, up from 90% a quarter earlier, followed by Consumer Discretionary.

  • Technology Crossover Management XI fully exited Maplebear in Q4 2025, selling an estimated $99.3M.
  • Technology Crossover Management XI's ten largest holdings make up 100% of its $740M portfolio in Q4 2025.
  • Technology Crossover Management XI opened 0 new positions and closed 1 in Q4 2025.
  • Technology Crossover Management XI's portfolio value fell 24% quarter-over-quarter to $740M.

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