Totem Point Management, LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Totem Point Management, LLC disclosed 14 US equity positions worth $100.2m in its Q4 2025 13F filing. The largest position was SPOT at 11.8% of the reported book, followed by SPGI and TSM. Against the Q3 2025 filing, it opened 4 new positions, added to 4 and reduced 6 among the top 14 holdings.
What did Totem Point Management, LLC own in Q4 2025? Top 14 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 11.8% | $11.8m | 20,336 | 40% | added |
| 2 | SPGI S&P GLOBAL INC | Financial Services | 11.8% | $11.8m | 22,579 | 83% | added |
| 3 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 11.6% | $11.6m | 38,096 | -12% | reduced |
| 4 | NVDA NVIDIA CORPORATION | Technology | 10.3% | $10.3m | 55,442 | -28% | reduced |
| 5 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | Communication Services | 10.1% | $10.1m | 39,402 | -8% | reduced |
| 6 | MU MICRON TECHNOLOGY INC | Technology | 9.8% | $9.8m | 34,453 | -41% | reduced |
| 7 | HPE HEWLETT PACKARD ENTERPRISE C | Technology | 9.7% | $9.8m | 406,506 | – | new |
| 8 | BILL BILL HOLDINGS INC | Technology | 8.4% | $8.5m | 155,100 | 118% | added |
| 9 | ON ON SEMICONDUCTOR CORP | Technology | 6.7% | $6.7m | 123,407 | – | new |
| 10 | BKNG BOOKING HOLDINGS INC | Consumer Cyclical | 4.2% | $4.2m | 784 | 5% | added |
| 11 | MCO MOODYS CORP | Financial Services | 2.0% | $2.0m | 3,953 | – | new |
| 12 | APP APPLOVIN CORP | Communication Services | 1.7% | $1.7m | 2,457 | -66% | reduced |
| 13 | AVGO BROADCOM INC | Technology | 1.4% | $1.4m | 4,143 | -83% | reduced |
| 14 | LLYVK LIBERTY MEDIA CORP DEL | 0.6% | $570.3k | 5,789 | – | new |
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.