ZEVENBERGEN CAPITAL INVESTMENTS LLC — 13F Holdings & Portfolio
CIK 1276918 · latest 13F-HR filed 2026-10-08
ZEVENBERGEN CAPITAL INVESTMENTS LLC manages $4.37B in 13F-reported U.S. long-equity assets across 189 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are MSFT (4.49%), NVDA (4.25%), NVDA (4.24%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 14 new positions and exited 5; 36 existing positions rose in reported value and 47 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$4.37B
Long-equity book
Holdings
189
Distinct positions
Period
2026-09-30
Filed 2026-10-08
Q/Q Activity
+14 / −5 / ↑36 / ↓47
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26NVDA9.2% · -2%MSFT6.1% · +66%AMD4.9% · -15%GOOG4.3% · -0%TSLA4.2% · -2%AAPL3.8% · +0%SHOP3.6% · -10%MU3.5% · -17%AMZN3.5% · -0%META3.5% · -5%CRWD2.9% · +244%SNOW2.8% · -2%AVGO2.6% · -0%MPWR2.3% · -5%MELI2.2% · -18%NTRA2.1% · -11%AXON2.1% · -28%RKLB1.9% · +21%CRDO1.9% · +5%SPCX1.8% · +428%GOOGL1.7% · -1%VRT1.5% · -2%PWR1.4% · -2%TSM1.3% · +16%TOST1.3% · -3%ANET1.2% · +0%FIX1.2% · +112%DELL1.1% · -15%MRVL1.1% · +100%AMAT1.0% · +10%DDOG1.0% · +0%PANW0.9% · 0%Schwab Cap0.8% · -21%KLAC0.7% · +9%VEEV0.7% · -2%XMTR0.7% · +115%APH0.7% · +100%COHR0.7% · +26%IOT0.6% · -12%V0.6% · +0%SN0.6% · +4%UBER0.6% · -36%ASML0.5% · 0%KRMN0.5% · -18%TMDX0.5% · -13%CAI0.5% · -10%CDNS0.5% · 0%NXPI0.5% · +18%STX0.5% · 0%ARM0.4% · +3%NOW0.4% · -0%SPOT0.4% · -39%MDB0.3% · +27%QCOM0.3% · -33%APPF0.3% · 0%JPM0.2% · +2%IONQ0.2% · +9%BE0.2% · +9%NAVN0.2% · +2222%ORCL0.2% · -11%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 46.6%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Sep 4, 2026.
Assets Under Management
$4.57B
Discretionary
$4.57B
Employees
24
Accounts
339
Address
326 ADMIRAL WAY
SUITE 200
EDMONDS, WA 98020-7261
SUITE 200
EDMONDS, WA 98020-7261
Phone
(206) 682-8469
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| DENNISON, JOSEPH, EVANS Control | PRINCIPAL, PORTFOLIO MANAGER since Jan 2023 | Less than 5% | Individual |
| KOPICKY, ALEXA, PARKER Control | PRINCIPAL, CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER since Mar 2021 | Less than 5% | Individual |
| ZACKERY, ANTHONY, RAY Control | PRINCIPAL, PORTFOLIO MANAGER since Jan 2023 | Less than 5% | Individual |
| ZCI HOLDINGS LLC Control | LLC MEMBER since Jan 2023 | 75% or more | Domestic Entity |
| ZEVENBERGEN, NANCY, ANN Control | DIRECTOR, PRESIDENT, CHIEF INVESTMENT OFFICER since Dec 1986 | Less than 5% | Individual |
| VIRTUS PARTNERS, INC. | LLC MEMBER since Jan 2018 | Less than 5% | Domestic Entity |
| EVENSTAR3 INC. Control Indirect owner via ZCI HOLDINGS LLC | LLC MEMBER since Jan 2023 | 50–75% | Domestic Entity |
| VIRTUS INVESTMENT PARTNERS, INC. Control Indirect owner via VIRTUS PARTNERS, INC. | SOLE SHAREHOLDER since Nov 2008 | 75% or more | Domestic Entity |
| ZEVENBERGEN, NANCY, ANN Control Indirect owner via EVENSTAR3 INC. | SOLE SHAREHOLDER since Oct 2008 | 75% or more | Individual |
| VIRTUS PARTNERS, INC. Indirect owner via ZCI HOLDINGS LLC | LLC MEMBER since Jan 2023 | 25–50% | Domestic Entity |
Ownership & leadership changes · 11 filings with changes since Mar 27, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Jan 2, 2024 filing
- ChangedZEVENBERGEN, NANCY, ANN · title DIRECTOR, PRESIDENT, CO-CHIEF INVESTMENT OFFICER → DIRECTOR, PRESIDENT, CHIEF INVESTMENT OFFICER
Jan 4, 2023 filing
- No longer listedALBIN, HERBERT, WALLACE · CHIEF FIXED INCOME OFFICER, CLIENT INVESTMENT ADVISOR · Less than 5% · control person · listed since Oct 2003
- No longer listedDEBOUTRAY, DONNA, BROOKE · CO-CHIEF INVESTMENT OFFICER · Less than 5% · control person · listed since Dec 1994
- No longer listedEVENSTAR3 INC. · LLC MEMBER · 75% or more · control person · listed since Oct 2008
- No longer listedTUBBS, LESLIE, CAMPBELL · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Dec 1995
- AddedDENNISON, JOSEPH, EVANS · PRINCIPAL, PORTFOLIO MANAGER · Less than 5% · control person
- AddedEVENSTAR3 INC. · LLC MEMBER · 50–75% · indirect via ZCI HOLDINGS LLC · control person
- AddedVIRTUS PARTNERS, INC. · LLC MEMBER · 25–50% · indirect via ZCI HOLDINGS LLC
- AddedZACKERY, ANTHONY, RAY · PRINCIPAL, PORTFOLIO MANAGER · Less than 5% · control person
- AddedZCI HOLDINGS LLC · LLC MEMBER · 75% or more · control person
- ChangedKOPICKY, ALEXA, PARKER · title CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER → PRINCIPAL, CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER
- ChangedVIRTUS PARTNERS, INC. · ownership 10–25% → Less than 5%
Aug 2, 2022 filing
- No longer listedFOLEY, ELISE, CHRISTINE · CHIEF CLIENT INVESTMENT ADVISOR AND BUSINESS DEVELOPMENT OFFICER · Less than 5% · control person · listed since Dec 1995
Mar 30, 2022 filing
- ChangedKOPICKY, ALEXA, PARKER · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER
Mar 29, 2021 filing
- No longer listedFASANO, JAMES, LENFORD · MANAGING DIRECTOR · Less than 5% · control person · listed since Oct 2003
- AddedKOPICKY, ALEXA, PARKER · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedALBIN, HERBERT, WALLACE · title MANAGING DIRECTOR → CHIEF FIXED INCOME OFFICER, CLIENT INVESTMENT ADVISOR
- ChangedDEBOUTRAY, DONNA, BROOKE · title MANAGING DIRECTOR → CO-CHIEF INVESTMENT OFFICER
- ChangedFOLEY, ELISE, CHRISTINE · title MANAGING DIRECTOR → CHIEF CLIENT INVESTMENT ADVISOR AND BUSINESS DEVELOPMENT OFFICER
- ChangedTUBBS, LESLIE, CAMPBELL · title MANAGING DIRECTOR, CHIEF COMPLIANCE OFFICER → CHIEF OPERATING OFFICER
- ChangedZEVENBERGEN, NANCY, ANN · title DIRECTOR, PRESIDENT, CHIEF INVESTMENT OFFICER → DIRECTOR, PRESIDENT, CO-CHIEF INVESTMENT OFFICER
Oct 17, 2019 filing
- No longer listedBULLER, JUSTIN, WYATT · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jan 2009
- ChangedTUBBS, LESLIE, CAMPBELL · title MANAGING DIRECTOR → MANAGING DIRECTOR, CHIEF COMPLIANCE OFFICER
Mar 29, 2018 filing
- No longer listedSPACE ACQUISITION CO. LLC · MEMBER · 75% or more · indirect via VIRTUS FUND ADVISERS, LLC · control person · listed since May 2014
- No longer listedSPACE INTERMEDIATE LLC · MEMBER · 75% or more · indirect via SPACE ACQUISITION CO. LLC · control person · listed since Nov 2013
- No longer listedVIRTUS FUND ADVISERS, LLC · LLC MEMBER · 10–25% · listed since Oct 2003
- No longer listedVIRTUS INTERMEDIATE HOLDINGS LLC · MEMBER · 75% or more · indirect via SPACE INTERMEDIATE LLC · control person · listed since Nov 2013
- No longer listedVIRTUS PARTNERS, INC. · SOLE MEMBER · 75% or more · indirect via VIRTUS INTERMEDIATE HOLDINGS LLC · control person · listed since Jun 2017
- AddedVIRTUS PARTNERS, INC. · LLC MEMBER · 10–25%
Sep 29, 2017 filing
- No longer listedSPACE ACQUISITION CO. LLC · MEMBER · 75% or more · indirect via RIDGEWORTH CAPITAL MANAGEMENT LLC · control person · listed since May 2014
- AddedSPACE ACQUISITION CO. LLC · MEMBER · 75% or more · indirect via VIRTUS FUND ADVISERS, LLC · control person
Jun 30, 2017 filing
- No longer listedLIGHTYEAR FUND III AIV-2, L.P. · MEMBER, MAJORITY INTEREST · 50–75% · indirect via RIDGEWORTH HOLDINGS LLC · control person · listed since Nov 2013
- No longer listedRIDGEWORTH HOLDINGS LLC · MEMBER · 75% or more · indirect via SPACE INTERMEDIATE LLC · control person · listed since Nov 2013
- AddedVIRTUS INTERMEDIATE HOLDINGS LLC · MEMBER · 75% or more · indirect via SPACE INTERMEDIATE LLC · control person
- AddedVIRTUS INVESTMENT PARTNERS, INC. · SOLE SHAREHOLDER · 75% or more · indirect via VIRTUS PARTNERS, INC. · control person
- AddedVIRTUS PARTNERS, INC. · SOLE MEMBER · 75% or more · indirect via VIRTUS INTERMEDIATE HOLDINGS LLC · control person
Mar 29, 2016 filing
- ChangedVIRTUS FUND ADVISERS, LLC · no longer a control person
Older changes (2 more filings)
Jul 8, 2014 filing
- No longer listedSUNTRUST BANKS, INC. · PARENT COMPANY · 75% or more · indirect via RIDGEWORTH CAPITAL MANAGEMENT, INC. · control person · listed since Jan 1996
- AddedLIGHTYEAR FUND III AIV-2, L.P. · MEMBER, MAJORITY INTEREST · 50–75% · indirect via RIDGEWORTH HOLDINGS LLC · control person
- AddedRIDGEWORTH HOLDINGS LLC · MEMBER · 75% or more · indirect via SPACE INTERMEDIATE LLC · control person
- AddedSPACE ACQUISITION CO. LLC · MEMBER · 75% or more · indirect via RIDGEWORTH CAPITAL MANAGEMENT LLC · control person
- AddedSPACE INTERMEDIATE LLC · MEMBER · 75% or more · indirect via SPACE ACQUISITION CO. LLC · control person
Mar 27, 2012 filing (earliest on record)
- ListedALBIN, HERBERT, WALLACE · MANAGING DIRECTOR · Less than 5% · control person
- ListedBULLER, JUSTIN, WYATT · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedDEBOUTRAY, DONNA, BROOKE · MANAGING DIRECTOR · Less than 5% · control person
- ListedEVENSTAR3 INC. · LLC MEMBER · 75% or more · control person
- ListedFASANO, JAMES, LENFORD · MANAGING DIRECTOR · Less than 5% · control person
- ListedFOLEY, ELISE, CHRISTINE · MANAGING DIRECTOR · Less than 5% · control person
- ListedSUNTRUST BANKS, INC. · PARENT COMPANY · 75% or more · indirect via RIDGEWORTH CAPITAL MANAGEMENT, INC. · control person
- ListedTUBBS, LESLIE, CAMPBELL · MANAGING DIRECTOR · Less than 5% · control person
- ListedVIRTUS FUND ADVISERS, LLC · LLC MEMBER · 10–25% · control person
- ListedZEVENBERGEN, NANCY, ANN · DIRECTOR, PRESIDENT, CHIEF INVESTMENT OFFICER · Less than 5% · control person
- ListedZEVENBERGEN, NANCY, ANN · SOLE SHAREHOLDER · 75% or more · indirect via EVENSTAR3 INC. · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- Microsoft Corporation$148.7M +127.6%
- Space Exploration Technologies$61.2M +366.5%
- NVIDIA Corporation$41.9M +11.6%
- Snowflake Inc.$29.0M +31.0%
- Meta Platforms, Inc.$28.2M +22.7%
Top Trims
- Axon Enterprise, Inc.-$77.3M -45.7%
- Micron Technology, Inc.-$46.9M -23.4%
- Tesla, Inc.-$39.4M -17.6%
- AppLovin Corporation, Class A-$38.9M -93.7%
- Netflix, Inc.-$34.1M -82.1%
New Positions
- Doordash, Inc.$3.4M
- Airbnb, Inc.$1.7M
- Unity Software Inc.$1.3M
- Walmart Inc.$1.2M
- Ethos Technologies Inc.$720.1K
Exited Positions
- Insulet Corporation$13.5M
- ServiceTitan, Inc. Class A$8.6M
- Mirion Technologies, Inc.$7.2M
- Wingstop Inc.$337.3K
- Tractor Supply Company$266.0K
ZEVENBERGEN CAPITAL INVESTMENTS LLC Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Microsoft Corporation | MSFT | 594918104 | $196.3M | 4.49% | 382,700 | SH |
| 2 | NVIDIA Corporation | NVDA | 67066G104 | $185.6M | 4.25% | 812,754 | SH |
| 3 | NVIDIA Corporation | NVDA | 67066G104 | $185.3M | 4.24% | 811,470 | SH |
| 4 | Alphabet Inc. Class C | GOOG | 02079K107 | $183.7M | 4.20% | 539,100 | SH |
| 5 | Apple Inc. | AAPL | 037833100 | $152.8M | 3.50% | 458,800 | SH |
| 6 | Micron Technology, Inc. | MU | 595112103 | $142.6M | 3.26% | 133,900 | SH |
| 7 | Tesla, Inc. | TSLA | 88160R101 | $131.0M | 3.00% | 369,305 | SH |
| 8 | Broadcom Inc. | AVGO | 11135F101 | $110.9M | 2.54% | 315,700 | SH |
| 9 | Shopify Inc. | SHOP | 82509L107 | $106.9M | 2.45% | 720,871 | SH |
| 10 | Meta Platforms, Inc. | META | 30303M102 | $97.9M | 2.24% | 134,940 | SH |
| 11 | Advanced Micro Devices, Inc. | AMD | 007903107 | $97.3M | 2.23% | 159,000 | SH |
| 12 | Amazon.com, Inc. | AMZN | 023135106 | $93.8M | 2.15% | 376,365 | SH |
| 13 | Advanced Micro Devices, Inc. | AMD | 007903107 | $92.5M | 2.12% | 151,209 | SH |
| 14 | Natera, Inc. | NTRA | 632307104 | $76.5M | 1.75% | 185,044 | SH |
| 15 | MercadoLibre, Inc. | MELI | 58733R102 | $72.5M | 1.66% | 41,919 | SH |
| 16 | Space Exploration Technologies | SPCX | 84615Q103 | $68.9M | 1.58% | 456,991 | SH |
| 17 | Snowflake Inc. | SNOW | 833445109 | $68.6M | 1.57% | 201,916 | SH |
| 18 | Rocket Lab Corporation | RKLB | 773121108 | $64.0M | 1.47% | 919,060 | SH |
| 19 | Alphabet Inc. Class A | GOOGL | 02079K305 | $61.6M | 1.41% | 178,950 | SH |
| 20 | CrowdStrike Holdings, Inc. | CRWD | 22788C105 | $60.4M | 1.38% | 228,114 | SH |
| 21 | Microsoft Corporation | MSFT | 594918104 | $59.5M | 1.36% | 115,934 | SH |
| 22 | Axon Enterprise, Inc. | AXON | 05464C101 | $58.7M | 1.34% | 138,926 | SH |
| 23 | Credo Technology Group Holding | CRDO | G25457105 | $54.6M | 1.25% | 280,491 | SH |
| 24 | CrowdStrike Holdings, Inc. | CRWD | 22788C105 | $53.3M | 1.22% | 201,200 | SH |
| 25 | Monolithic Power Systems, Inc. | MPWR | 609839105 | $52.3M | 1.20% | 38,821 | SH |
| 26 | Arista Networks Inc | ANET | 040413205 | $51.7M | 1.18% | 253,900 | SH |
| 27 | Quanta Services, Inc. | PWR | 74762E102 | $50.4M | 1.15% | 78,413 | SH |
| 28 | Meta Platforms, Inc. | META | 30303M102 | $44.5M | 1.02% | 61,348 | SH |
| 29 | Applied Materials, Inc. | AMAT | 038222105 | $44.4M | 1.02% | 86,800 | SH |
| 30 | Amazon.com, Inc. | AMZN | 023135106 | $43.1M | 0.98% | 172,800 | SH |
| 31 | Dell Technologies Inc. | DELL | 24703L202 | $42.7M | 0.98% | 79,400 | SH |
| 32 | Comfort Systems USA, Inc. | FIX | 199908104 | $42.6M | 0.97% | 25,740 | SH |
| 33 | Vertiv Holdings Co. | VRT | 92537N108 | $38.8M | 0.89% | 160,958 | SH |
| 34 | Snowflake Inc. | SNOW | 833445109 | $38.5M | 0.88% | 113,300 | SH |
| 35 | Monolithic Power Systems, Inc. | MPWR | 609839105 | $37.6M | 0.86% | 27,900 | SH |
| 36 | Schwab Cap Tr | — | 808509756 | $36.7M | 0.84% | 1,989,573 | SH |
| 37 | Palo Alto Networks, Inc. | PANW | 697435105 | $35.5M | 0.81% | 89,400 | SH |
| 38 | Toast, Inc. | TOST | 888787108 | $34.3M | 0.79% | 1,184,301 | SH |
| 39 | Datadog, Inc. | DDOG | 23804L103 | $34.2M | 0.78% | 125,000 | SH |
| 40 | NVIDIA Corporation | NVDA | 67066G104 | $32.3M | 0.74% | 141,500 | SH |
| 41 | KLA Corporation | KLAC | 482480100 | $31.4M | 0.72% | 161,000 | SH |
| 42 | Tesla, Inc. | TSLA | 88160R101 | $30.5M | 0.70% | 86,100 | SH |
| 43 | Taiwan Semiconductor Mfg Ltd | TSM | 874039100 | $29.9M | 0.68% | 65,500 | SH |
| 44 | Shopify Inc. | SHOP | 82509L107 | $29.5M | 0.68% | 199,150 | SH |
| 45 | Veeva Systems Inc. | VEEV | 922475108 | $26.2M | 0.60% | 91,731 | SH |
| 46 | Xometry, Inc. | XMTR | 98423F109 | $24.4M | 0.56% | 236,952 | SH |
| 47 | Tesla, Inc. | TSLA | 88160R101 | $23.6M | 0.54% | 66,580 | SH |
| 48 | Amphenol Corporation | APH | 032095101 | $23.6M | 0.54% | 280,000 | SH |
| 49 | Advanced Micro Devices, Inc. | AMD | 007903107 | $23.6M | 0.54% | 38,500 | SH |
| 50 | ASML Holding N.V. | ASML | N07059210 | $23.6M | 0.54% | 13,000 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-08 | $4.37B | 189 | 0001276918-26-000011 |
| 2026-06-30 | 2026-07-16 | $4.38B | 185 | 0001276918-26-000007 |
| 2026-03-31 | 2026-04-09 | $3.48B | 182 | 0001276918-26-000005 |
| 2025-12-31 | 2026-01-15 | $4.50B | 179 | 0001276918-26-000002 |
Filer Information
Address
326 ADMIRAL WAYSTE 200
EDMONDS, WA 98020
Phone
(206) 682-8469
Filing Manager
ZEVENBERGEN CAPITAL INVESTMENTS LLC
EDMONDS, WA
Signatory
Alexa Kopicky
Chief Compliance Officer