MIG Capital, LLC: 13F holdings, Q4 2025
Hedge fund · SEC EDGAR filings (CIK 1425649) · Explore on the interactive board
MIG Capital, LLC disclosed 43 US equity positions worth $589.4m in its Q4 2025 13F filing (holdings as of December 31, 2025, filed February 17, 2026). Its largest position is META at 8.9% of the reported book, followed by DXCM, SHC. The top ten holdings are 58.2% of the book, and the portfolio behaves like about 23 equal-weight positions. Versus the prior filing it opened 3 new positions, added to 2, reduced 9 and exited 3. Note: this manager's most recent filing is 2 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does MIG Capital, LLC own? Top holdings as of December 31, 2025
Change is measured in shares against the previous filing (Q3 2025), so price moves do not read as decisions. This quarter: 3 new, 2 added, 9 reduced, 3 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | META META PLATFORMS INC | Communication Services | 8.9% | $52.4m | 79,453 | 0% | held |
| 2 | DXCM DEXCOM INC | Healthcare | 6.8% | $40.2m | 605,547 | 0% | held |
| 3 | SHC SOTERA HEALTH CO | Healthcare | 5.9% | $34.7m | 1,964,518 | -54% | reduced |
| 4 | MSFT MICROSOFT CORP | Technology | 5.8% | $34.2m | 70,815 | 0% | held |
| 5 | CELH CELSIUS HLDGS INC | Consumer Defensive | 5.8% | $33.9m | 741,841 | -22% | reduced |
| 6 | GOOG ALPHABET INC | Communication Services | 5.5% | $32.6m | 103,855 | -7% | reduced |
| 7 | CACC CREDIT ACCEP CORP MICH | Financial Services | 5.2% | $30.9m | 69,715 | -4% | reduced |
| 8 | KNF KNIFE RIVER CORP | Basic Materials | 4.9% | $29.1m | 413,380 | 0% | held |
| 9 | AVGO BROADCOM INC | Technology | 4.7% | $27.8m | 80,320 | -19% | reduced |
| 10 | QQQ INVESCO QQQ TR | 4.6% | $27.0m | 44,019 | 0% | held | |
| 11 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 3.4% | $20.3m | 66,671 | -38% | reduced |
| 12 | FLUTTER ENTMT PLC | 3.3% | $19.7m | 91,522 | 0% | held | |
| 13 | AMZN AMAZON COM INC | Consumer Cyclical | 3.2% | $19.1m | 82,572 | -11% | reduced |
| 14 | SMH VANECK ETF TRUST | 3.2% | $18.8m | 52,336 | 0% | held | |
| 15 | WMS ADVANCED DRAIN SYS INC DEL | Industrials | 2.9% | $17.3m | 119,714 | -33% | reduced |
| 16 | CCOI COGENT COMMUNICATIONS HLDGS | Communication Services | 2.1% | $12.3m | 569,220 | – | new |
| 17 | LLY ELI LILLY & CO | Healthcare | 2.0% | $11.7m | 10,872 | 0% | held |
| 18 | WDC WESTERN DIGITAL CORP | Technology | 2.0% | $11.6m | 67,406 | 0% | held |
| 19 | MU MICRON TECHNOLOGY INC | Technology | 1.8% | $10.6m | 37,205 | 0% | held |
| 20 | STX SEAGATE TECHNOLOGY HLDNGS PL | Technology | 1.5% | $8.9m | 32,150 | 0% | held |
| 21 | MDB MONGODB INC | Technology | 1.3% | $7.5m | 17,964 | 0% | held |
| 22 | LRCX LAM RESEARCH CORP | Technology | 1.2% | $7.1m | 41,595 | 0% | held |
| 23 | COHR COHERENT CORP | Technology | 1.1% | $6.8m | 36,594 | 0% | held |
| 24 | RDDT REDDIT INC | Communication Services | 1.1% | $6.3m | 27,395 | 0% | held |
| 25 | KLAC KLA CORP | Technology | 0.9% | $5.4m | 4,445 | 0% | held |
| 26 | SHOP SHOPIFY INC | Technology | 0.9% | $5.2m | 32,593 | 0% | held |
| 27 | AMAT APPLIED MATLS INC | Technology | 0.9% | $5.2m | 20,359 | 0% | held |
| 28 | CIEN CIENA CORP | Technology | 0.8% | $4.5m | 19,032 | – | new |
| 29 | SNX TD SYNNEX CORPORATION | Technology | 0.7% | $4.1m | 27,595 | 0% | held |
| 30 | NVDA NVIDIA CORPORATION | Technology | 0.7% | $4.1m | 22,159 | 0% | held |
| 31 | DDOG DATADOG INC | Technology | 0.7% | $3.9m | 28,767 | 0% | held |
| 32 | CRWD CROWDSTRIKE HLDGS INC | Technology | 0.7% | $3.9m | 8,278 | 14% | added |
| 33 | PTC PTC INC | Technology | 0.6% | $3.5m | 19,888 | 0% | held |
| 34 | RBLX ROBLOX CORP | Communication Services | 0.6% | $3.4m | 42,505 | 0% | held |
| 35 | ADSK AUTODESK INC | Technology | 0.6% | $3.4m | 11,592 | 0% | held |
| 36 | SNOW SNOWFLAKE INC | Technology | 0.6% | $3.4m | 15,558 | 0% | held |
| 37 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 0.5% | $3.0m | 5,224 | 0% | held |
| 38 | ZS ZSCALER INC | Technology | 0.5% | $3.0m | 13,241 | 0% | held |
| 39 | ORCL ORACLE CORP | Technology | 0.5% | $3.0m | 15,178 | 0% | held |
| 40 | PANW PALO ALTO NETWORKS INC | Technology | 0.5% | $2.7m | 14,548 | – | new |
| 41 | NFLX NETFLIX INC | Communication Services | 0.4% | $2.6m | 28,160 | 900% | added |
| 42 | NOW SERVICENOW INC | Technology | 0.4% | $2.6m | 16,810 | -10% | reduced |
| 43 | SNPS SYNOPSYS INC | Technology | 0.3% | $1.6m | 3,383 | 0% | held |
What did MIG Capital, LLC sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| ELV ELEVANCE HEALTH INC FORMERLY | 75.1% | $18.3m |
| MELI MERCADOLIBRE INC | 13.5% | $3.3m |
| INTU INTUIT | 11.4% | $2.8m |
Discovery track record: where was MIG Capital, LLC early?
Stocks where MIG Capital, LLC was among the first 10% (or first 3) of the tracked managers observed opening a meaningful position, in stocks at least 20 managers were observed opening. Stock changes describe the stock, not the manager's return.
| Stock | First reported | Entry rank | Initial weight | Peak weight | Quarters held | Status | Stock since |
|---|---|---|---|---|---|---|---|
| 8QR CONFLUENT INC | Q4 2024 | 12 of 114 | 2.8% | 3.2% | 3 | Exited by Q3 2025 | -11% to Q2 2025 |
| CAVA CAVA GROUP INC | Q1 2025 | 2 of 59 | 0.7% | 2.4% | 2 | Exited by Q3 2025 | -3% to Q2 2025 |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 33.0% |
| Communication Services | 19.1% |
| Healthcare | 14.7% |
| Consumer Defensive | 5.8% |
| Financial Services | 5.2% |
| Basic Materials | 4.9% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is MIG Capital, LLC's portfolio?
Across every quarter MIG Capital, LLC has filed, its median largest position is 9.1% of the book and its median top-ten weight is 61.2%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 60.0 completed holding spells, the median lasted 1.0 quarters; 43.0 positions are still open and their final length is unknown.