NZS Capital, LLC — 13F Holdings & Portfolio
CIK 1816616 · latest 13F-HR filed 2026-05-15
NZS Capital, LLC manages $3.00B in 13F-reported U.S. long-equity assets across 58 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are GOOG (7.28%), CDNS (4.89%), LRCX (4.09%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 4 new positions, exited 8, added to 22, and trimmed 27.
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.
$3.00B
Long-equity book
58
Distinct positions
2026-03-31
Filed 2026-05-15
+4 / −8 / ↑22 / ↓27
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- TYLER TECHNOLOGIES INC$53.1M +358.9%
- AMPHENOL CORP$30.2M +46.0%
- ARM HOLDINGS PLC$25.7M +57.1%
- GALLAGHER ARTHUR J & CO$20.5M +34.4%
- TEXAS INSTRS INC$13.0M +14.4%
Top Trims
- AMERICAN TOWER CORP-$93.3M -85.5%
- DANAHER CORP DEL-$38.5M -26.7%
- ALPHABET INC-$37.7M -14.7%
- WORKDAY INC-$35.8M -34.1%
- ATLASSIAN CORPORATION-$21.0M -45.6%
New Positions
- STRYKER CORPORATION$76.6M
- SABRE CORP$8.0M
- SALESFORCE INC$5.5M
- SAMSARA INC$1.6M
Exited Positions
- GARTNER INC$76.0M
- PROCORE TECHNOLOGIES INC$56.2M
- SERVICETITAN INC$38.6M
- COGNEX CORP$24.9M
- SERVICENOW INC$21.9M
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 | $218.2M | 7.28% | 760,682 | SH |
| 2 | CADENCE DESIGN SYSTEM INC | CDNS | 127387108 | $146.6M | 4.89% | 527,423 | SH |
| 3 | LAM RESEARCH CORP | LRCX | 512807306 | $122.6M | 4.09% | 573,887 | SH |
| 4 | LINDE PLC | LIN | G54950103 | $114.1M | 3.81% | 230,175 | SH |
| 5 | DANAHER CORP DEL | DHR | 235851102 | $105.9M | 3.53% | 558,409 | SH |
| 6 | TEXAS INSTRS INC | TXN | 882508104 | $103.6M | 3.46% | 533,805 | SH |
| 7 | ROPER TECHNOLOGIES INC | ROP | 776696106 | $102.4M | 3.41% | 289,295 | SH |
| 8 | AMPHENOL CORP | APH | 032095101 | $95.9M | 3.20% | 758,975 | SH |
| 9 | PROGRESSIVE CORP | PGR | 743315103 | $95.1M | 3.17% | 479,756 | SH |
| 10 | TRANE TECHNOLOGIES PLC | TT | G8994E103 | $82.2M | 2.74% | 197,197 | SH |
| 11 | GALLAGHER ARTHUR J & CO | AJG | 363576109 | $79.9M | 2.67% | 368,965 | SH |
| 12 | STRYKER CORPORATION | SYK | 863667101 | $76.6M | 2.55% | 233,119 | SH |
| 13 | INTUITIVE SURGICAL INC | ISRG | 46120E602 | $73.3M | 2.45% | 159,105 | SH |
| 14 | INGERSOLL RAND INC | IR | 45687V106 | $72.7M | 2.43% | 907,881 | SH |
| 15 | ARM HOLDINGS PLC | ARM | 042068205 | $70.7M | 2.36% | 467,303 | SH |
| 16 | WORKDAY INC | WDAY | 98138H101 | $69.1M | 2.31% | 532,142 | SH |
| 17 | TYLER TECHNOLOGIES INC | TYL | 902252105 | $68.0M | 2.27% | 198,464 | SH |
| 18 | UNITED RENTALS INC | URI | 911363109 | $67.3M | 2.24% | 92,312 | SH |
| 19 | SHOPIFY INC | SHOP | 82509L107 | $65.3M | 2.18% | 550,389 | SH |
| 20 | KLA CORP | KLAC | 482480100 | $63.6M | 2.12% | 43,175 | SH |
| 21 | NVIDIA CORPORATION | NVDA | 67066G104 | $60.0M | 2.00% | 344,238 | SH |
| 22 | QUANTA SVCS INC | PWR | 74762E102 | $53.5M | 1.78% | 97,407 | SH |
| 23 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $53.5M | 1.78% | 743,412 | SH |
| 24 | LATTICE SEMICONDUCTOR CORP | LSCC | 518415104 | $52.3M | 1.75% | 564,039 | SH |
| 25 | MERCADOLIBRE INC | MELI | 58733R102 | $51.4M | 1.72% | 29,754 | SH |
| 26 | SNOWFLAKE INC | SNOW | 833445109 | $50.0M | 1.67% | 331,784 | SH |
| 27 | APPLE INC | AAPL | 037833100 | $46.8M | 1.56% | 184,538 | SH |
| 28 | MARVELL TECHNOLOGY INC | MRVL | 573874104 | $45.9M | 1.53% | 463,268 | SH |
| 29 | NU HLDGS LTD | NU | G6683N103 | $45.1M | 1.51% | 3,140,490 | SH |
| 30 | HEICO CORP NEW | HEI | 422806109 | $44.5M | 1.49% | 162,462 | SH |
| 31 | HEICO CORP NEW | HEI.A | 422806208 | $43.1M | 1.44% | 203,943 | SH |
| 32 | TOAST INC | TOST | 888787108 | $39.1M | 1.30% | 1,475,513 | SH |
| 33 | SYNOPSYS INC | SNPS | 871607107 | $38.6M | 1.29% | 97,464 | SH |
| 34 | DOORDASH INC | DASH | 25809K105 | $35.7M | 1.19% | 238,051 | SH |
| 35 | AXON ENTERPRISE INC | AXON | 05464C101 | $31.5M | 1.05% | 74,069 | SH |
| 36 | SAILPOINT INC | SAIL | 78781J109 | $30.6M | 1.02% | 2,309,076 | SH |
| 37 | GLOBAL E ONLINE LTD | GLBE | M5216V106 | $30.2M | 1.01% | 979,308 | SH |
| 38 | MONOLITHIC PWR SYS INC | MPWR | 609839105 | $29.2M | 0.97% | 26,679 | SH |
| 39 | COSTAR GROUP INC | CSGP | 22160N109 | $28.6M | 0.95% | 709,426 | SH |
| 40 | CLOUDFLARE INC | NET | 18915M107 | $28.3M | 0.94% | 137,103 | SH |
| 41 | MICROSOFT CORP | MSFT | 594918104 | $28.0M | 0.93% | 75,548 | SH |
| 42 | JFROG LTD | FROG | M6191J100 | $25.4M | 0.85% | 540,609 | SH |
| 43 | ATLASSIAN CORPORATION | TEAM | 049468101 | $25.0M | 0.83% | 366,298 | SH |
| 44 | ZILLOW GROUP INC | Z | 98954M200 | $24.2M | 0.81% | 584,883 | SH |
| 45 | REPLIGEN CORP | RGEN | 759916109 | $23.9M | 0.80% | 203,225 | SH |
| 46 | PENUMBRA INC | PEN | 70975L107 | $22.7M | 0.76% | 68,986 | SH |
| 47 | ANALOG DEVICES INC | ADI | 032654105 | $22.4M | 0.75% | 70,275 | SH |
| 48 | AFFIRM HLDGS INC | AFRM | 00827B106 | $16.8M | 0.56% | 366,379 | SH |
| 49 | AMERICAN TOWER CORP | AMT | 03027X100 | $15.8M | 0.53% | 91,839 | SH |
| 50 | COINBASE GLOBAL INC | COIN | 19260Q107 | $15.1M | 0.51% | 86,743 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |