Alkeon Capital Management 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Alkeon Capital Management disclosed 83 US equity positions worth $37.4bn in its Q4 2025 13F filing. The largest position was GOOGL at 8.2% of the reported book, followed by TSM and AMZN. Against the Q3 2025 filing, it opened 3 new positions, added to 9 and reduced 12 among the top 50 holdings.
What did Alkeon Capital Management own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GOOGL ALPHABET INC | Communication Services | 8.2% | $3.1bn | 5,802,558 | 0% | held |
| 2 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 7.5% | $2.8bn | 5,438,668 | 3% | added |
| 3 | AMZN AMAZON COM INC | Consumer Cyclical | 6.1% | $2.3bn | 5,799,899 | -4% | reduced |
| 4 | META META PLATFORMS INC | Communication Services | 6.0% | $2.3bn | 1,992,629 | -3% | reduced |
| 5 | LRCX LAM RESEARCH CORP | Technology | 5.0% | $1.9bn | 6,420,456 | 0% | held |
| 6 | MSFT MICROSOFT CORP | Technology | 4.3% | $1.6bn | 1,976,176 | 0% | held |
| 7 | KLAC KLA CORP | Technology | 3.9% | $1.5bn | 710,365 | 0% | held |
| 8 | EXPE EXPEDIA GROUP INC | Consumer Cyclical | 3.1% | $1.2bn | 2,475,276 | 0% | held |
| 9 | ADI ANALOG DEVICES INC | Technology | 2.5% | $918.3m | 2,018,833 | -28% | reduced |
| 10 | QQQ INVESCO QQQ TR | 2.3% | $873.5m | 1,421,977 | 67% | added | |
| 11 | V VISA INC | Financial Services | 2.3% | $870.2m | 1,468,618 | 0% | held |
| 12 | CDNS CADENCE DESIGN SYSTEM INC | Technology | 2.3% | $858.9m | 1,622,874 | 0% | held |
| 13 | APH AMPHENOL CORP NEW | Technology | 2.3% | $846.2m | 3,744,603 | -9% | reduced |
| 14 | MELI MERCADOLIBRE INC | Consumer Cyclical | 2.2% | $812.9m | 240,499 | 0% | held |
| 15 | CEG CONSTELLATION ENERGY CORP | Utilities | 2.2% | $805.7m | 1,371,219 | 32% | added |
| 16 | TER TERADYNE INC | Technology | 2.1% | $799.7m | 2,432,910 | -15% | reduced |
| 17 | SNPS SYNOPSYS INC | Technology | 2.1% | $792.1m | 1,003,278 | 50% | added |
| 18 | MLM MARTIN MARIETTA MATLS INC | Basic Materials | 2.1% | $782.6m | 747,351 | 0% | held |
| 19 | MA MASTERCARD INCORPORATED | Financial Services | 2.0% | $751.1m | 778,465 | 0% | held |
| 20 | TJX TJX COS INC NEW | Consumer Cyclical | 1.9% | $724.9m | 2,799,971 | -19% | reduced |
| 21 | VMC VULCAN MATLS CO | Basic Materials | 1.9% | $707.4m | 1,478,646 | 0% | held |
| 22 | CG CARLYLE GROUP INC | Financial Services | 1.6% | $588.8m | 5,941,316 | 0% | held |
| 23 | VRT VERTIV HOLDINGS CO | Industrials | 1.4% | $539.8m | 2,003,110 | 178% | added |
| 24 | VST VISTRA CORP | Utilities | 1.4% | $522.2m | 1,946,357 | 29% | added |
| 25 | ICE INTERCONTINENTAL EXCHANGE IN | Financial Services | 1.3% | $490.4m | 1,800,310 | 0% | held |
| 26 | UBER UBER TECHNOLOGIES INC | Technology | 1.2% | $463.6m | 3,361,005 | 0% | held |
| 27 | BWXT BWX TECHNOLOGIES INC | Industrials | 1.2% | $456.5m | 1,580,848 | 0% | held |
| 28 | DASH DOORDASH INC | Consumer Cyclical | 1.2% | $444.0m | 1,178,410 | – | new |
| 29 | ETR ENTERGY CORP NEW | Utilities | 1.1% | $420.7m | 2,736,012 | -9% | reduced |
| 30 | RTX RTX CORPORATION | Industrials | 1.0% | $380.7m | 1,250,000 | – | new |
| 31 | CRH CRH PLC | Basic Materials | 1.0% | $373.8m | 1,800,000 | 3% | added |
| 32 | TDG TRANSDIGM GROUP INC | Industrials | 1.0% | $369.3m | 165,611 | -15% | reduced |
| 33 | GE GE AEROSPACE | Industrials | 1.0% | $359.1m | 700,000 | 0% | held |
| 34 | PWR QUANTA SVCS INC | Industrials | 0.9% | $351.7m | 500,983 | -29% | reduced |
| 35 | EQIX EQUINIX INC | Real Estate | 0.8% | $298.5m | 233,775 | 0% | held |
| 36 | SSNC SS&C TECHNOLOGIES HLDGS INC | Technology | 0.7% | $257.7m | 1,764,916 | 0% | held |
| 37 | YMM FULL TRUCK ALLIANCE CO LTD | Technology | 0.7% | $254.6m | 14,198,535 | 0% | held |
| 38 | BURL BURLINGTON STORES INC | Consumer Cyclical | 0.7% | $253.3m | 525,000 | 0% | held |
| 39 | CP CANADIAN PACIFIC KANSAS CITY | Industrials | 0.7% | $245.9m | 2,004,000 | 0% | held |
| 40 | MDGL MADRIGAL PHARMACEUTICALS INC | Healthcare | 0.6% | $232.3m | 240,000 | 100% | added |
| 41 | NI NISOURCE INC | Utilities | 0.6% | $224.3m | 3,230,500 | 4% | added |
| 42 | DELL DELL TECHNOLOGIES INC | Technology | 0.6% | $222.4m | 1,062,409 | -32% | reduced |
| 43 | LOW LOWES COS INC | Consumer Cyclical | 0.5% | $188.0m | 468,594 | -28% | reduced |
| 44 | CMI CUMMINS INC | Industrials | 0.5% | $173.3m | 190,000 | – | new |
| 45 | SPGI S&P GLOBAL INC | Financial Services | 0.4% | $166.2m | 190,416 | 0% | held |
| 46 | SHW SHERWIN WILLIAMS CO | Basic Materials | 0.4% | $165.6m | 306,735 | 0% | held |
| 47 | ROST ROSS STORES INC | Consumer Cyclical | 0.4% | $141.6m | 472,635 | -34% | reduced |
| 48 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 0.4% | $133.1m | 1,447,986 | 0% | held |
| 49 | AMT AMERICAN TOWER CORP NEW | Real Estate | 0.3% | $125.3m | 428,401 | 0% | held |
| 50 | JCI JOHNSON CTLS INTL PLC | Industrials | 0.3% | $124.0m | 620,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.