NZS Capital, LLC 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
NZS Capital, LLC disclosed 59 US equity positions worth $2.2bn in its Q1 2025 13F filing. The largest position was GOOG at 6.5% of the reported book, followed by CDNS and PGR. Against the Q4 2024 filing, it opened 1 new position, added to 20 and reduced 28 among the top 50 holdings.
What did NZS Capital, LLC own in Q1 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | GOOG ALPHABET INC | Communication Services | 6.5% | $145.1m | 928,901 | 1% | added |
| 2 | CDNS CADENCE DESIGN SYSTEM INC | Technology | 5.1% | $114.0m | 448,137 | 26% | added |
| 3 | PGR PROGRESSIVE CORP | Financial Services | 4.3% | $95.7m | 338,122 | -16% | reduced |
| 4 | APH AMPHENOL CORP NEW | Technology | 4.1% | $90.2m | 1,375,895 | 41% | added |
| 5 | ROP ROPER TECHNOLOGIES INC | Technology | 3.6% | $80.2m | 135,975 | 4% | added |
| 6 | FISV FISERV INC | 3.6% | $78.9m | 357,317 | -26% | reduced | |
| 7 | NVDA NVIDIA CORPORATION | Technology | 3.5% | $77.1m | 710,925 | 68% | added |
| 8 | TXN TEXAS INSTRS INC | Technology | 3.3% | $72.3m | 402,254 | -5% | reduced |
| 9 | LRCX LAM RESEARCH CORP | Technology | 3.1% | $67.7m | 931,760 | -2% | reduced |
| 10 | URI UNITED RENTALS INC | Industrials | 2.8% | $62.6m | 99,859 | 21% | added |
| 11 | MSFT MICROSOFT CORP | Technology | 2.8% | $61.9m | 164,906 | -32% | reduced |
| 12 | DHR DANAHER CORPORATION | Healthcare | 2.6% | $58.1m | 283,551 | -16% | reduced |
| 13 | TT TRANE TECHNOLOGIES PLC | Industrials | 2.6% | $57.5m | 170,546 | 76% | added |
| 14 | LIN LINDE PLC | Basic Materials | 2.5% | $56.4m | 121,046 | -32% | reduced |
| 15 | AMT AMERICAN TOWER CORP NEW | Real Estate | 2.5% | $56.2m | 258,317 | 5% | added |
| 16 | MCHP MICROCHIP TECHNOLOGY INC. | Technology | 2.3% | $51.8m | 1,070,242 | -1% | reduced |
| 17 | SHOP SHOPIFY INC | Technology | 2.3% | $50.8m | 531,562 | -2% | reduced |
| 18 | ADSK AUTODESK INC | Technology | 2.1% | $46.2m | 176,403 | -0% | held |
| 19 | UBER UBER TECHNOLOGIES INC | Technology | 1.9% | $41.5m | 570,179 | -1% | reduced |
| 20 | CPRT COPART INC | Industrials | 1.8% | $40.2m | 710,561 | 6% | added |
| 21 | KLAC KLA CORP | Technology | 1.8% | $39.8m | 58,493 | -7% | reduced |
| 22 | MELI MERCADOLIBRE INC | Consumer Cyclical | 1.7% | $38.1m | 19,542 | -12% | reduced |
| 23 | TOST TOAST INC | Technology | 1.7% | $37.1m | 1,119,890 | -1% | reduced |
| 24 | HEI HEICO CORP NEW | Industrials | 1.6% | $36.5m | 136,476 | -7% | reduced |
| 25 | PCOR PROCORE TECHNOLOGIES INC | Technology | 1.6% | $35.4m | 536,376 | 36% | added |
| 26 | HEI/A HEICO CORP NEW | 1.6% | $35.2m | 166,781 | -1% | reduced | |
| 27 | NET CLOUDFLARE INC | Technology | 1.5% | $33.7m | 299,396 | 8% | added |
| 28 | TEAM ATLASSIAN CORPORATION | Technology | 1.5% | $33.6m | 158,135 | 56% | added |
| 29 | CSGP COSTAR GROUP INC | Real Estate | 1.4% | $31.4m | 396,308 | -9% | reduced |
| 30 | ISRG INTUITIVE SURGICAL INC | Healthcare | 1.4% | $31.0m | 62,674 | -1% | reduced |
| 31 | SNOW SNOWFLAKE INC | Technology | 1.4% | $30.8m | 211,018 | 51% | added |
| 32 | CYBERARK SOFTWARE LTD | 1.4% | $30.8m | 91,181 | 28% | added | |
| 33 | DASH DOORDASH INC | Consumer Cyclical | 1.2% | $27.3m | 149,396 | -19% | reduced |
| 34 | CGNX COGNEX CORP | Technology | 1.2% | $26.5m | 887,550 | 17% | added |
| 35 | LSCC LATTICE SEMICONDUCTOR CORP | Technology | 1.2% | $25.8m | 492,774 | -2% | reduced |
| 36 | AXON AXON ENTERPRISE INC | Industrials | 1.1% | $25.4m | 48,361 | 26% | added |
| 37 | CMG CHIPOTLE MEXICAN GRILL INC | Consumer Cyclical | 1.0% | $22.4m | 445,417 | -1% | reduced |
| 38 | GLBE GLOBAL E ONLINE LTD | Consumer Cyclical | 0.9% | $20.9m | 586,299 | 34% | added |
| 39 | NU NU HLDGS LTD | Financial Services | 0.9% | $20.5m | 2,001,464 | 31% | added |
| 40 | ARM ARM HOLDINGS PLC | Technology | 0.9% | $20.4m | 191,331 | 41% | added |
| 41 | AAPL APPLE INC | Technology | 0.9% | $20.0m | 89,823 | -44% | reduced |
| 42 | Z ZILLOW GROUP INC | Communication Services | 0.9% | $19.1m | 277,894 | -1% | reduced |
| 43 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 0.8% | $18.1m | 225,339 | -1% | reduced |
| 44 | PEN PENUMBRA INC | Healthcare | 0.8% | $17.0m | 63,504 | -1% | reduced |
| 45 | MRVL MARVELL TECHNOLOGY INC | Technology | 0.8% | $16.9m | 275,133 | – | new |
| 46 | RGEN REPLIGEN CORP | Healthcare | 0.8% | $16.8m | 131,922 | -1% | reduced |
| 47 | ON ON SEMICONDUCTOR CORP | Technology | 0.7% | $16.0m | 392,664 | -1% | reduced |
| 48 | TTAN SERVICETITAN INC | Technology | 0.6% | $14.1m | 148,336 | -1% | reduced |
| 49 | AFRM AFFIRM HLDGS INC | Financial Services | 0.6% | $12.5m | 277,595 | -1% | reduced |
| 50 | CRM SALESFORCE INC | Technology | 0.5% | $11.9m | 44,392 | 26% | added |
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.