NZS Capital, LLC — 13F Holdings & Portfolio
CIK 1816616 · latest 13F-HR filed 2026-08-14
NZS Capital, LLC manages $3.86B in 13F-reported U.S. long-equity assets across 61 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are GOOG (7.71%), LRCX (6.01%), CDNS (4.91%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 7 new positions, exited 4, added to 39, and trimmed 11.
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.
DENVER, CO 80202
$3.86B
Long-equity book
61
Distinct positions
2026-06-30
Filed 2026-08-14
+7 / −4 / ↑39 / ↓11
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- LAM RESEARCH CORP$109.2M +89.1%
- NVIDIA CORPORATION$102.2M +170.3%
- AMPHENOL CORP$84.7M +88.3%
- ALPHABET INC$79.0M +36.2%
- KLA CORP$55.8M +87.8%
Top Trims
- SYNOPSYS INC-$25.7M -66.6%
- TYLER TECHNOLOGIES INC-$20.2M -29.8%
- LINDE PLC-$19.6M -17.2%
- UBER TECHNOLOGIES INC-$15.8M -29.6%
- COSTAR GROUP INC-$15.2M -52.9%
New Positions
- ON SEMICONDUCTOR CORP$31.7M
- DESCARTES SYS GROUP INC$27.6M
- DATADOG INC$23.2M
- LUMENTUM HLDGS INC$19.5M
- AMAZON COM INC$13.8M
Exited Positions
- PENUMBRA INC$22.7M
- AFFIRM HLDGS INC$16.8M
- AMERICAN TOWER CORP$15.8M
- SALESFORCE INC$5.5M
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 | ALPHABET INC | GOOG | 02079K107 | $297.2M | 7.71% | 841,068 | SH |
| 2 | LAM RESEARCH CORP | LRCX | 512807306 | $231.8M | 6.01% | 535,030 | SH |
| 3 | CADENCE DESIGN SYSTEM INC | CDNS | 127387108 | $189.5M | 4.91% | 504,782 | SH |
| 4 | AMPHENOL CORP | APH | 032095101 | $180.6M | 4.68% | 1,024,330 | SH |
| 5 | NVIDIA CORPORATION | NVDA | 67066G104 | $162.3M | 4.21% | 811,031 | SH |
| 6 | TEXAS INSTRS INC | TXN | 882508104 | $147.7M | 3.83% | 495,364 | SH |
| 7 | KLA CORP | KLAC | 482480100 | $119.4M | 3.10% | 395,646 | SH |
| 8 | ROPER TECHNOLOGIES INC | ROP | 776696106 | $108.0M | 2.80% | 319,087 | SH |
| 9 | PROGRESSIVE CORP | PGR | 743315103 | $105.8M | 2.74% | 484,418 | SH |
| 10 | TRANE TECHNOLOGIES PLC | TT | G8994E103 | $97.8M | 2.54% | 199,063 | SH |
| 11 | UNITED RENTALS INC | URI | 911363109 | $97.4M | 2.53% | 85,939 | SH |
| 12 | LINDE PLC | LIN | G54950103 | $94.5M | 2.45% | 182,134 | SH |
| 13 | DANAHER CORP DEL | DHR | 235851102 | $91.0M | 2.36% | 477,506 | SH |
| 14 | GALLAGHER ARTHUR J & CO | AJG | 363576109 | $89.4M | 2.32% | 389,613 | SH |
| 15 | INTUITIVE SURGICAL INC | ISRG | 46120E602 | $86.8M | 2.25% | 218,238 | SH |
| 16 | QUANTA SVCS INC | PWR | 74762E102 | $86.2M | 2.24% | 119,746 | SH |
| 17 | STRYKER CORPORATION | SYK | 863667101 | $81.4M | 2.11% | 258,631 | SH |
| 18 | ARM HOLDINGS PLC | ARM | 042068205 | $81.3M | 2.11% | 229,378 | SH |
| 19 | SHOPIFY INC | SHOP | 82509L107 | $80.4M | 2.08% | 703,753 | SH |
| 20 | SNOWFLAKE INC | SNOW | 833445109 | $76.1M | 1.97% | 299,061 | SH |
| 21 | MARVELL TECHNOLOGY INC | MRVL | 573874104 | $72.8M | 1.89% | 244,432 | SH |
| 22 | DOORDASH INC | DASH | 25809K105 | $67.2M | 1.74% | 364,078 | SH |
| 23 | INGERSOLL RAND INC | IR | 45687V106 | $64.9M | 1.68% | 791,359 | SH |
| 24 | AXON ENTERPRISE INC | AXON | 05464C101 | $64.1M | 1.66% | 114,386 | SH |
| 25 | WORKDAY INC | WDAY | 98138H101 | $60.9M | 1.58% | 497,876 | SH |
| 26 | MERCADOLIBRE INC | MELI | 58733R102 | $58.5M | 1.52% | 34,469 | SH |
| 27 | LATTICE SEMICONDUCTOR CORP | LSCC | 518415104 | $54.7M | 1.42% | 357,520 | SH |
| 28 | HEICO CORP NEW | HEI | 422806109 | $54.5M | 1.41% | 153,023 | SH |
| 29 | HEICO CORP NEW | HEI.A | 422806208 | $53.1M | 1.38% | 205,928 | SH |
| 30 | APPLE INC | AAPL | 037833100 | $48.9M | 1.27% | 168,904 | SH |
| 31 | TYLER TECHNOLOGIES INC | TYL | 902252105 | $47.7M | 1.24% | 163,214 | SH |
| 32 | TOAST INC | TOST | 888787108 | $44.8M | 1.16% | 1,610,331 | SH |
| 33 | GLOBAL E ONLINE LTD | GLBE | M5216V106 | $39.8M | 1.03% | 1,146,508 | SH |
| 34 | JFROG LTD | FROG | M6191J100 | $39.4M | 1.02% | 433,501 | SH |
| 35 | NU HLDGS LTD | NU | G6683N103 | $38.8M | 1.01% | 2,902,887 | SH |
| 36 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $37.7M | 0.98% | 521,959 | SH |
| 37 | SAILPOINT INC | SAIL | 78781J109 | $37.0M | 0.96% | 2,530,450 | SH |
| 38 | CROWDSTRIKE HLDGS INC | CRWD | 22788C105 | $36.4M | 0.94% | 47,712 | SH |
| 39 | MONOLITHIC PWR SYS INC | MPWR | 609839105 | $35.3M | 0.92% | 25,529 | SH |
| 40 | CLOUDFLARE INC | NET | 18915M107 | $33.5M | 0.87% | 136,583 | SH |
| 41 | ON SEMICONDUCTOR CORP | ON | 682189105 | $31.7M | 0.82% | 335,531 | SH |
| 42 | ATLASSIAN CORPORATION | TEAM | 049468101 | $31.6M | 0.82% | 405,847 | SH |
| 43 | REPLIGEN CORP | RGEN | 759916109 | $28.0M | 0.73% | 205,257 | SH |
| 44 | DESCARTES SYS GROUP INC | DSGX | 249906108 | $27.6M | 0.72% | 398,945 | SH |
| 45 | DATADOG INC | DDOG | 23804L103 | $23.2M | 0.60% | 89,200 | SH |
| 46 | ANALOG DEVICES INC | ADI | 032654105 | $23.1M | 0.60% | 58,266 | SH |
| 47 | REDDIT INC | RDDT | 75734B100 | $21.9M | 0.57% | 125,938 | SH |
| 48 | LUMENTUM HLDGS INC | LITE | 55024U109 | $19.5M | 0.51% | 22,702 | SH |
| 49 | HEARTFLOW INC | HTFL | 42238D107 | $19.2M | 0.50% | 656,014 | SH |
| 50 | MICROSOFT CORP | MSFT | 594918104 | $18.9M | 0.49% | 50,734 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $3.86B | 61 | 0001816616-26-000004 |
| 2026-03-31 | 2026-05-15 | $3.00B | 58 | 0001816616-26-000003 |
| 2025-12-31 | 2026-02-12 | $3.26B | 62 | 0001816616-26-000002 |
| 2025-09-30 | 2025-11-12 | $3.27B | 61 | 0001816616-25-000008 |