WhaleCreep

Alkeon Capital Management LLC 13F holdings, Q4 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-12-31, filed 2026-02-17

Alkeon Capital Management LLC disclosed 83 US equity positions worth $22.9bn in its Q4 2025 13F filing. Its largest position is GOOGL at 7.9% of the reported book, followed by TSM and AMZN. Versus Q3 2025 it opened 13 new positions, added to 12, reduced 23 and exited 12.

$22.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
83
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.9%
Largest position
The largest single position as a share of the reported equity book.
48.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
30
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
92
Quarters on file since Q4 2002
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2025: 13 new, 12 added, 23 reduced, 12 exited

50 of 83
GOOGL ALPHABET INCCommunication Services7.9%$1.8bn5.80m0.0%held
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology7.2%$1.7bn5.44m+3.3%added
AMZN AMAZON COM INCConsumer Cyclical5.9%$1.3bn5.80m−3.7%reduced
META META PLATFORMS INCCommunication Services5.8%$1.3bn1.99m−3.3%reduced
LRCX LAM RESEARCH CORPTechnology4.8%$1.1bn6.42m0.0%held
MSFT MICROSOFT CORPTechnology4.2%$956m1.98m0.0%held
QQQ INVESCO QQQ TR–3.8%$874m1.42m+67%added
KLAC KLA CORPTechnology3.8%$863m710,3650.0%held
EXPE EXPEDIA GROUP INCConsumer Cyclical3.1%$701m2.48m0.0%held
ADI ANALOG DEVICES INCTechnology2.4%$548m2.02m−28%reduced
V VISA INCFinancial Services2.3%$515m1.47m0.0%held
CDNS CADENCE DESIGN SYSTEM INCTechnology2.2%$507m1.62m0.0%held
APH AMPHENOL CORPTechnology2.2%$506m3.74m−8.8%reduced
MELI MERCADOLIBREConsumer Cyclical2.1%$484m240,4990.0%held
CEG CONSTELLATION ENERGY CORPUtilities2.1%$484m1.37m+32%added
SNPS SYNOPSYS INCTechnology2.1%$471m1.00m+50%added
TER TERADYNE INCTechnology2.1%$471m2.43m−15%reduced
MLM MARTIN MARIETTA MATLS INCBasic Materials2.0%$465m747,3510.0%held
MA MASTERCARD INCFinancial Services1.9%$444m778,4650.0%held
TJX TJX COS INC NEWConsumer Cyclical1.9%$430m2.80m−19%reduced
VMC VULCAN MATLS COBasic Materials1.8%$422m1.48m0.0%held
CG CARLYLE GROUP INCFinancial Services1.5%$351m5.94m0.0%held
VRT VERTIV HOLDINGS COIndustrials1.4%$325m2.00m+178%added
VST VISTRA CORPUtilities1.4%$314m1.95m+29%added
ICE INTERCONTINENTAL EXCHANGE INFinancial Services1.3%$292m1.80m0.0%held
UBER UBER TECHNOLOGIES INCTechnology1.2%$275m3.36m0.0%held
BWXT BWX TECHNOLOGIES INCIndustrials1.2%$273m1.58m+0.2%held
DASH DOORDASH INCConsumer Cyclical1.2%$267m1.18m–new
ETR ENTERGY CORP NEWUtilities1.1%$253m2.74m−8.9%reduced
RTX RTX CORPORATIONIndustrials1.0%$229m1.25m–new
CRH CRH PLCBasic Materials1.0%$225m1.80m+2.9%added
TDG TRANSDIGM GROUP INCIndustrials1.0%$220m165,611−15%reduced
GE GENERAL ELECTRIC COIndustrials0.9%$216m700,0000.0%held
PWR QUANTA SVCS INCIndustrials0.9%$211m500,983−29%reduced
EQIX EQUINIX INCReal Estate0.8%$179m233,7750.0%held
SSNC SS&C TECHNOLOGIES HLDGS INCTechnology0.7%$154m1.76m0.0%held
YMM FULL TRUCK ALLIANCE CO LTDTechnology0.7%$152m14.20m0.0%held
BURL BURLINGTON STORES INCConsumer Cyclical0.7%$152m525,0000.0%held
CP CANADIAN PACIFIC KANSAS CITYIndustrials0.6%$148m2.00m0.0%held
MDGL MADRIGAL PHARMACEUTICALS INCHealthcare0.6%$140m240,000+100%added
NI NISOURCE INCUtilities0.6%$135m3.23m+4.2%added
DELL DELL TECHNOLOGIES INCTechnology0.6%$134m1.06m−32%reduced
LOW LOWES COS INCConsumer Cyclical0.5%$113m468,594−28%reduced
SPGI S&P GLOBAL INCFinancial Services0.4%$99.5m190,4160.0%held
SHW SHERWIN WILLIAMS COBasic Materials0.4%$99.4m306,7350.0%held
CMI CUMMINS INCIndustrials0.4%$97.0m190,000–new
SPY SPDR S&P 500 ETF Trust–0.4%$89.7m131,500–new
ROST ROSS STORES INCConsumer Cyclical0.4%$85.1m472,635−34%reduced
EDU NEW ORIENTAL ED & TECHNOLOGYConsumer Defensive0.3%$79.7m1.45m0.0%held
AMT AMERICAN TOWER CORPReal Estate0.3%$75.2m428,4010.0%held

Exited since Q3 2025

12 rows
ARGX ARGENX SE0.6%$129m
RYTM RHYTHM PHARMACEUTICALS INC0.5%$103m
AKROEUR AKERO THERAPEUTICS INC0.4%$87.9m
INSM INSMED INC0.3%$72.0m
XYZ BLOCK INC0.3%$62.6m
BCRX BIOCRYST PHARMACEUTICALS INC0.2%$41.5m
NIQ NIQ GLOBAL INTELLIGENCE PLC0.1%$28.9m
SNOW SNOWFLAKE INC0.1%$22.6m
FIG FIGMA INC0.1%$22.4m
KROS KEROS THERAPEUTICS INC0.06%$13.5m
RNG RINGCENTRAL INC0.04%$9.7m
MREO MEREO BIOPHARMA GROUP PLC0.03%$7.6m

Sector mix

  • Technology35.8%
  • Consumer Cyclical16.2%
  • Communication Services13.7%
  • Industrials8.4%
  • Financial Services7.6%
  • Basic Materials5.5%
  • Utilities5.2%
  • Unclassified5.1%
  • Real Estate1.2%
  • Healthcare1.0%
  • Consumer Defensive0.3%

Book over time

Every quarter on file (92)
QuarterPositionsEquity book
Q2 202679$25.9bn
Q1 202675$22.1bn
Q4 202583$22.9bn
Q3 202582$22.1bn
Q2 202582$20.6bn
Q1 202582$16.9bn
Q4 202475$17.3bn
Q3 202476$18.3bn
Q2 202477$19.5bn
Q1 202473$18.2bn
Q4 202374$15.2bn
Q3 202380$15.8bn
Q2 202391$16.7bn
Q1 202397$15.6bn
Q4 202299$13.4bn
Q3 2022104$14.5bn
Q2 2022112$16.7bn
Q1 2022113$22.3bn
Q4 2021131$29.2bn
Q3 2021151$29.6bn
Q2 2021146$28.2bn
Q1 2021141$26.3bn
Q4 2020133$26.4bn
Q3 2020122$21.6bn
Q2 2020124$18.9bn
Q1 2020114$12.2bn
Q4 2019105$10.6bn
Q3 2019105$10.8bn
Q2 2019116$10.2bn
Q1 2019104$9.1bn
Q4 201884$7.0bn
Q3 201891$8.5bn
Q2 201894$8.4bn
Q1 201891$7.5bn
Q4 201767$6.6bn
Q3 201763$7.1bn
Q2 201766$6.3bn
Q1 201758$5.8bn
Q4 201659$5.1bn
Q3 201653$5.3bn
Q2 201656$5.2bn
Q1 201652$4.8bn
Q4 201554$4.9bn
Q3 201556$4.8bn
Q2 201554$5.1bn
Q1 201555$5.2bn
Q4 201460$5.1bn
Q3 201464$5.0bn
Q2 201463$5.5bn
Q1 201471$5.9bn
Q4 201370$5.9bn
Q3 201370$5.1bn
Q2 201368$4.5bn
Q4 201252$2.8bn
Q3 201249$3.0bn
Q2 201247$2.6bn
Q1 201249$2.9bn
Q4 201148$2.2bn
Q3 201140$1.9bn
Q2 201153$2.3bn
Q1 201148$1.9bn
Q4 201042$1.5bn
Q3 201043$1.6bn
Q2 201039$1.4bn
Q1 201048$1.8bn
Q4 200943$1.6bn
Q3 200949$1.4bn
Q2 200948$964m
Q1 200943$730m
Q4 200834$584m
Q3 200834$688m
Q2 200836$917m
Q4 200726$1.8bn
Q3 200738$650m
Q2 200746$838m
Q4 200656$588m
Q3 200665$616m
Q2 200669$606m
Q1 200681$769m
Q4 200556$474m
Q3 200557$591m
Q2 200555$596m
Q1 200568$836m
Q4 200463$722m
Q3 200482$756m
Q2 200488$826m
Q1 2004115$1.1bn
Q4 2003118$747m
Q3 2003181$947m
Q2 2003146$684m
Q1 2003121$344m
Q4 200284$213m

Where Alkeon Capital Management LLC was early

128 rows
HSIC SCHEIN HENRY INCQ1 20031 of 1421.6%1.6%6Exited by Q4 2004+38%
JNP JUNIPER NETWORKS INCQ1 20031 of 1501.3%2.5%14Exited by Q1 2012–
LRCX LAM RESEARCH CORPQ1 20031 of 2361.4%5.1%61Held at last filing, Q2 2026+37978%
TSM TAIWAN SEMICONDUCTOR MANUFACQ1 20031 of 3291.7%8.3%39Held at last filing, Q2 2026+9243%
JBLU JETBLUE AIRWAYS CORPQ1 20032 of 1651.1%1.1%2Exited by Q3 2003+52%
MXIM MAXIM INTEGRATED PRODS INCQ1 20032 of 1011.6%4.5%18Exited by Q3 2017–
NOK NOKIA CORPQ1 20032 of 1671.0%1.8%5Held at last filing, Q2 2026−5.2%
NTES NETEASE INCQ1 20032 of 1351.7%4.6%44Exited by Q1 2025+11834%
ORCL ORACLE CORPQ1 20032 of 2562.2%7.2%21Exited by Q1 2026+1696%
SOHU SOHU COM INCQ1 20032 of 631.3%5.4%13Exited by Q3 2013+464%
VZ VERIZON COMMUNICATIONS INCQ1 20032 of 1801.0%1.1%2Exited by Q3 2003+12%
INTC INTEL CORPQ1 20033 of 2801.6%6.6%14Held at last filing, Q2 2026+758%
COR AMERISOURCEBERGEN CORPQ1 20034 of 1580.8%3.1%16Exited by Q4 2016+515%
APH AMPHENOL CORPQ2 20031 of 1860.8%3.9%13Held at last filing, Q2 2026+11951%
FORM FORMFACTOR INCQ2 20031 of 1160.1%3.4%11Exited by Q3 2007+116%
GILD GILEAD SCIENCES INCQ2 20031 of 1810.6%3.2%19Exited by Q4 2014+1433%
PXGBX PRAXAIR INCQ2 20031 of 680.08%3.0%7Exited by Q4 2008+79%
TRMB TRIMBLE NAVIGATION LTDQ2 20031 of 1440.4%2.0%6Exited by Q3 2007+319%
AVGO BROADCOM INCQ2 20033 of 3231.1%5.6%34Exited by Q2 2026–
NVDA NVIDIA CORPORATIONQ2 20033 of 3970.5%3.5%27Held at last filing, Q2 2026+104705%
SLAB SILICON LABORATORIES INCQ2 20033 of 1250.9%3.6%11Exited by Q4 2013+60%
AMZN AMAZON COM INCQ2 20039 of 3780.8%9.6%49Held at last filing, Q2 2026+13024%
GLW CORNING INCQ3 20032 of 1960.5%3.9%13Exited by Q2 2010+115%
LNWO SCIENTIFIC GAMES CORP CLAQ3 20032 of 1221.1%2.0%6Exited by Q2 2005+100%
SNDK SANDISK CORPQ3 20032 of 2330.6%7.4%29Exited by Q4 2013–
ATML ATMEL CORPQ3 20033 of 560.2%2.4%10Exited by Q3 2015–
AZTA BROOKS AUTOMTNQ4 20031 of 1101.9%1.9%4Exited by Q4 2004−40%
AMD ADVANCED MICRO DEVICES INCQ4 20032 of 3400.3%1.5%5Held at last filing, Q2 2026+3799%
HLIT HARMONIC INCQ1 20041 of 891.1%1.1%3Exited by Q4 2004−32%
MU MICRON TECHNOLOGY INCQ1 20042 of 3201.1%4.3%18Exited by Q3 2021+409%
VRSN VERISIGN INCQ3 20043 of 1421.0%3.0%4Exited by Q2 2007+21%
AAPL APPLE INCQ3 20045 of 2750.07%23.0%69Held at last filing, Q2 2026+41717%
MPWR MONOLITHIC PWR SYS INCQ4 20041 of 1521.6%3.9%18Exited by Q1 2021+3838%
DGX QUEST DIAGNOSTICS INCQ4 20042 of 1321.1%2.8%3Exited by Q3 2005+12%
CTAS CINTAS CORPQ4 20046 of 1391.4%1.8%48Held at last filing, Q2 2026+1451%
WSM WILLIAMS SONOMA INCQ4 20048 of 1430.9%1.5%3Exited by Q4 2015+118%
DLB DOLBY LABORATORIES INCQ1 20051 of 1052.7%4.3%24Exited by Q4 2021+274%
TTWO TAKE-TWO INTERACTIVE SOFTWARQ1 20051 of 2132.4%4.2%33Exited by Q3 2022+370%
CRM SALESFORCE COM INCQ1 20055 of 3030.6%2.9%8Exited by Q1 2021+5838%
EWY ISHARES INC MSCI KOREAQ3 20051 of 1131.3%2.8%2Exited by Q1 2006+13%
GPC GENUINE PARTS COQ3 20051 of 1311.2%1.2%2Exited by Q1 2006+2.4%
MAN MANPOWER INCQ3 20052 of 991.2%1.2%4Exited by Q4 2006+38%
BBY BEST BUY INCQ3 20057 of 1331.1%3.8%12Exited by Q1 2015−10%
COST COSTCO WHSL CORP NEWQ4 20053 of 1772.9%4.3%46Exited by Q1 2022+1048%
EBAY EBAY INCQ4 200512 of 1863.5%6.3%11Exited by Q4 2017+111%
ITW ILLINOIS TOOL WKS INCQ1 20062 of 1211.9%1.9%2Exited by Q3 2006−1.4%
AKAM AKAMAI TECHNOLOGIES INCQ1 20064 of 2113.1%3.1%4Exited by Q4 2013+57%
BFH ALLIANCE DATA SYSTEMS CORPQ2 20062 of 1331.8%4.6%6Exited by Q1 2015+386%
ON ON SEMICONDUCTOR CORPQ4 20061 of 2442.6%8.0%8Exited by Q2 2015+60%
EQIX EQUINIX INCQ4 20063 of 1872.9%3.6%48Held at last filing, Q2 2026+1278%

Concentration and tenure

5.7%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
39.6%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters