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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
+10.55%
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
$1.45B
AUM Growth
-$374M
Cap. Flow
-$530M
Cap. Flow %
-36.48%
Top 10 Hldgs %
60.61%
Holding
37
New
3
Increased
1
Reduced
25
Closed
5

Top Buys

Rank Stock Value
1
GRDN
Guardian Pharmacy Services
GRDN
+$25.4M
2
CORZ icon
Core Scientific
CORZ
+$24.7M
3
FLY
Firefly Aerospace
FLY
+$5.39M

Top Sells

Rank Stock Value
1
CART icon
Maplebear
CART
+$61M
2
ABR icon
Arbor Realty Trust
ABR
+$40.2M
3
GEV icon
GE Vernova
GEV
+$32.1M
4
AGX icon
Argan
AGX
+$30.9M
5
AVGO icon
Broadcom
AVGO
+$25.2M

Sector Composition

Rank Sector Weight
1 Technology 22.32%
2 Industrials 13.02%
3 Communication Services 9.06%
4 Healthcare 4.03%
5 Consumer Discretionary 3.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSM icon
1
CALL
TSMC
TSM
$2.03T
$138M 9.46%
492,400
-40,000
-8% -$9.78M
CORZ icon
2
Core Scientific
CORZ
$6.6B
$116M 8%
6,483,103
+1,681,579
+35% +$24.7M
GLD icon
3
CALL
SPDR Gold Trust
GLD
$131B
$116M 7.96%
325,300
-94,700
-23% -$30.2M
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$103M 7.08%
154,502
-12,220
-7% -$7.83M
IWM icon
5
iShares Russell 2000 ETF
IWM
$80.4B
$102M 7.04%
422,857
-57,250
-12% -$13.1M
AGX icon
6
Argan
AGX
$7.33B
$68.8M 4.73%
254,600
-135,015
-35% -$30.9M
CORZ icon
7
CALL
Core Scientific
CORZ
$6.6B
$68.7M 4.73%
3,830,000
– –
GEV icon
8
GE Vernova
GEV
$251B
$67.2M 4.62%
109,217
-52,936
-33% -$32.1M
CRWV
9
CALL
CoreWeave
CRWV
$36.7B
$51.3M 3.53%
+375,000
New +$44.4M
AVGO icon
10
Broadcom
AVGO
$1.81T
$50.3M 3.46%
152,504
-82,236
-35% -$25.2M
TKO icon
11
TKO Group
TKO
$13.9B
$43.7M 3.01%
216,355
-81,204
-27% -$14.8M
MSFT icon
12
Microsoft
MSFT
$2.92T
$39.2M 2.69%
75,606
-32,989
-30% -$16.8M
GDX icon
13
VanEck Gold Miners ETF
GDX
$22.7B
$39M 2.68%
509,916
-148,473
-23% -$8.94M
VST icon
14
Vistra
VST
$50.1B
$38.2M 2.63%
194,943
-86,543
-31% -$17.1M
TTWO icon
15
Take-Two Interactive
TTWO
$46B
$37.9M 2.61%
146,672
-6,500
-4% -$1.54M
HDB icon
16
HDFC Bank
HDB
$121B
$36.3M 2.49%
1,061,396
-358,604
-25% -$13.2M
AMZN icon
17
Amazon
AMZN
$2.48T
$35.5M 2.44%
161,715
-17,300
-10% -$3.92M
LLY icon
18
Eli Lilly
LLY
$1.09T
$30.7M 2.11%
40,217
-11,709
-23% -$8.71M
PWR icon
19
Quanta Services
PWR
$88.3B
$30.5M 2.1%
73,713
-37,507
-34% -$14.6M
GRDN
20
Guardian Pharmacy Services
GRDN
$2.65B
$27.9M 1.92%
+1,064,722
New +$25.4M
NVDA icon
21
NVIDIA
NVDA
$4.77T
$27.6M 1.9%
147,793
-53,622
-27% -$9.35M
Z icon
22
Zillow
Z
$7.7B
$27M 1.85%
349,877
-101,873
-23% -$8.33M
CRWD icon
23
CrowdStrike
CRWD
$185B
$26.3M 1.81%
214,364
-62,420
-23% -$7.1M
CRM icon
24
Salesforce
CRM
$149B
$24.3M 1.67%
102,550
-29,860
-23% -$7.53M
NFLX icon
25
Netflix
NFLX
$301B
$23.2M 1.6%
193,430
-65,350
-25% -$7.98M
1
2

Similar funds

SFI
Siemens Fonds Invest Munich, Germany $1.75B AUM 26.24% 1-Year Est. Return
MAM
Meeder Asset Management Dublin, Ohio $1.75B AUM 34.85% 1-Year Est. Return
GAM
GuardCap Asset Management London, United Kingdom $1.75B AUM 7.74% 1-Year Est. Return
DF
DNCA Finance Paris, France $1.75B AUM 38.18% 1-Year Est. Return
CIP
CAS Investment Partners Westport, Connecticut $1.75B AUM 41.95% 1-Year Est. Return
PAIM
Punch & Associates Investment Management Edina, Minnesota $1.73B AUM 27.65% 1-Year Est. Return
RIA
Regal Investment Advisors Kentwood, Michigan $1.73B AUM 17.74% 1-Year Est. Return
PWP
Principle Wealth Partners Madison, Connecticut $1.75B AUM 21.63% 1-Year Est. Return

Valiant Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Valiant Capital Management held 37 positions worth $1.45B, down 20% from $1.83B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Valiant Capital Management withdrew a net $530M in Q3 2025, closing 5 positions and reducing 25 holdings. Its most notable exit was Maplebear, an estimated $61M position sold in full.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Valiant Capital Management opened a new position in Guardian Pharmacy Services worth $27.9M.

  • Valiant Capital Management's largest Q3 2025 buy was Guardian Pharmacy Services: 1,064,722 shares worth $27.9M.
  • Valiant Capital Management added most to Core Scientific in Q3 2025, an estimated $24.7M increase.
  • Valiant Capital Management's biggest Q3 2025 reduction was GE Vernova, cutting an estimated $32.1M.
  • Valiant Capital Management fully exited Maplebear in Q3 2025, selling an estimated $61M.
  • Valiant Capital Management's ten largest holdings make up 61% of its $1.45B portfolio in Q3 2025.
  • Valiant Capital Management opened 3 new positions and closed 5 in Q3 2025.
  • Valiant Capital Management's portfolio value fell 20% quarter-over-quarter to $1.45B.

Based on Valiant Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.