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VCM
Valiant Capital Management Portfolio holdings
AUM
$1.74B
1-Year Est. Return
64.05%
This Fund
S&P 500
This Quarter
Est. Return
+12.07%
1 Year Est. Return
+64.05%
3 Year Est. Return
+302.41%
5 Year Est. Return
+197.11%
10 Year Est. Return
+1,135.54%
AUM
$858M
AUM Growth
-$978M
(-53%)
Cap. Flow
-$953M
Cap. Flow
% of AUM
-111.19%
Top 10 Holdings %
Top 10 Hldgs %
81.41%
Holding
18
New
2
Increased
1
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$45.5M |
| 2 |
Autodesk
ADSK
|
+$43M |
| 3 |
Zillow
Z
|
+$6.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinterest
PINS
|
+$528M |
| 2 |
PagSeguro Digital
PAGS
|
+$49.1M |
| 3 |
Meta Platforms (Facebook)
META
|
+$18.8M |
| 4 |
Amazon
AMZN
|
+$16.1M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$15.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 44.46% |
| 2 | Technology | 31.58% |
| 3 | Consumer Discretionary | 12.68% |
| 4 | Healthcare | 3.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Uber
UBER
$144B
| $136M | 15.85% |
4,569,933
| – | – |
|
|
2
Zillow
Z
$7.7B
| $105M | 12.25% |
2,287,134
+183,700
| +9% | +$6.84M |
|
|
3
CALL
Zillow
Z
$7.7B
| $68.9M | 8.04% |
1,500,000
-2,000,000
| -57% | -$74.5M |
|
4
Netflix
NFLX
$301B
| $67.7M | 7.89% |
2,091,000
| – | – |
|
|
5
Amazon
AMZN
$2.48T
| $63.3M | 7.39% |
685,600
-182,000
| -21% | -$16.1M |
|
|
6
Meta Platforms (Facebook)
META
$1.51T
| $55M | 6.42% |
268,123
-96,900
| -27% | -$18.8M |
|
|
7
Alphabet (Google) Class C
GOOG
$4.07T
| $54.6M | 6.36% |
816,200
-246,000
| -23% | -$15.9M |
|
8
Take-Two Interactive
TTWO
$46.3B
| $49.6M | 5.79% |
405,500
| – | – |
|
|
9
Pinterest
PINS
$13.6B
| $49.3M | 5.75% |
2,644,731
-24,435,252
| -90% | -$528M |
|
|
10
Autodesk
ADSK
$50.1B
| $48.7M | 5.67% |
+265,200
| New | +$43M |
|
|
11
Salesforce
CRM
$149B
| $47.2M | 5.5% |
+290,000
| New | +$45.5M |
|
12
Booking.com
BKNG
$154B
| $45.4M | 5.3% |
552,800
-65,000
| -11% | -$5.1M |
|
13
Dropbox
DBX
$7.48B
| $39.1M | 4.56% |
2,181,500
| – | – |
|
14
CRISPR Therapeutics
CRSP
$4.68B
| $16.5M | 1.93% |
271,700
| – | – |
|
15
Editas Medicine
EDIT
$402M
| $11.2M | 1.31% |
379,800
| – | – |
|
16
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
| – | – |
-2,225,000
| Closed | -$90.9M |
|
|
17
PagSeguro Digital
PAGS
$2.69B
| – | – |
-1,059,934
| Closed | -$49.1M |
|
18
PUT
Invesco QQQ Trust
QQQ
$445B
| – | – |
-1,328,500
| Closed | -$251M |
|
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Valiant Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Valiant Capital Management held 18 positions worth $858M, down 53% from $1.84B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Valiant Capital Management withdrew a net $953M in Q4 2019, closing 3 positions and reducing 6 holdings. Its most notable exit was PagSeguro Digital, an estimated $49.1M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 44% of assets, down from 55% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Valiant Capital Management opened a new position in Salesforce worth $47.2M.
- Valiant Capital Management's largest Q4 2019 buy was Salesforce: 290,000 shares worth $47.2M.
- Valiant Capital Management added most to Zillow in Q4 2019, an estimated $6.84M increase.
- Valiant Capital Management's biggest Q4 2019 reduction was Pinterest, cutting an estimated $528M.
- Valiant Capital Management fully exited PagSeguro Digital in Q4 2019, selling an estimated $49.1M.
- Valiant Capital Management's ten largest holdings make up 81% of its $858M portfolio in Q4 2019.
- Valiant Capital Management opened 2 new positions and closed 3 in Q4 2019.
- Valiant Capital Management's portfolio value fell 53% quarter-over-quarter to $858M.
Based on Valiant Capital Management's 13F filing for Q4 2019, filed 11 Feb 2020.