WhaleCreep

Tybourne Capital Management (HK) Ltd 13F holdings, Q2 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-06-30, filed 2023-08-14

Tybourne Capital Management (HK) Ltd disclosed 42 US equity positions worth $925.3m in its Q2 2023 13F filing. Its largest position is MSFT at 9.6% of the reported book, followed by AMZN and CP. Versus Q1 2023 it opened 10 new positions, added to 11, reduced 19 and exited 9.

$925m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
42
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.6%
Largest position
The largest single position as a share of the reported equity book.
67.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
17
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
52
Quarters on file since Q4 2012
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q1 2023: 10 new, 11 added, 19 reduced, 9 exited

42 rows
MSFT MICROSOFT CORPTechnology9.6%$89.1m261,563−14%reduced
AMZN AMAZON COM INCConsumer Cyclical8.8%$81.0m621,172−13%reduced
CP CANADIAN PACIFIC KANSAS CITYIndustrials8.7%$80.3m994,199–new
V VISA INCFinancial Services7.3%$67.7m285,008−12%reduced
SPGI S&P GLOBAL INCFinancial Services7.2%$66.7m166,280−12%reduced
LIN LINDE PLCBasic Materials6.7%$61.8m162,277−12%reduced
MELI MERCADOLIBREConsumer Cyclical5.3%$48.8m41,184−17%reduced
SLRN ACELYRIN INC–5.0%$46.6m2.23m–new
IQV IQVIA HLDGS INCHealthcare4.8%$44.8m199,241−10%reduced
BEKE KE HLDGS INCReal Estate4.1%$37.8m2.54m−3.4%reduced
MDB MONGODB INCTechnology3.9%$36.1m87,887−13%reduced
BCYC BICYCLE THERAPEUTICS PLCHealthcare3.5%$32.7m1.28m−9.0%reduced
HTHT H WORLD GROUP LTDConsumer Cyclical3.5%$32.5m837,699+0.6%added
LRCX LAM RESEARCH CORPTechnology3.4%$31.3m48,692−13%reduced
TXN TEXAS INSTRS INCTechnology3.2%$29.4m163,278+79%added
ZNTL ZENTALIS PHARMACEUTICALS INCHealthcare2.9%$27.1m961,486−41%reduced
SE SEA LTDConsumer Cyclical2.8%$25.8m443,805−9.7%reduced
STNE STONECO LTDTechnology2.6%$24.4m1.91m−13%reduced
NVDA NVIDIA CORPORATIONTechnology2.1%$19.3m45,615−53%reduced
SHOP SHOPIFY INCTechnology1.5%$13.5m209,410−66%reduced
LIANY LIANBIO–0.8%$7.5m3.30m0.0%held
ZG ZILLOW GROUP INCCommunication Services0.2%$1.8m37,173+49%added
DASH DOORDASH INCConsumer Cyclical0.2%$1.8m23,034–new
XYZ BLOCK INCTechnology0.2%$1.5m22,271+99%added
ON ON SEMICONDUCTOR CORPTechnology0.2%$1.5m15,478−3.4%reduced
IMXI INTERNATIONAL MONEY EXPRESSTechnology0.2%$1.4m58,631+202%added
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology0.2%$1.4m14,174+339%added
OPEN OPENDOOR TECHNOLOGIES INCReal Estate0.1%$1.2m291,511−7.3%reduced
COHR COHERENT CORPTechnology0.1%$1.1m20,882–new
BZ KANZHUN LIMITEDCommunication Services0.1%$1.1m70,602+1284%added
CPNG COUPANG INCConsumer Cyclical0.1%$1.0m59,756+509%added
TSHA TAYSHA GENE THERAPIES INCHealthcare0.1%$992k1.50m0.0%held
GLBE GLOBAL E ONLINE LTDConsumer Cyclical0.10%$912k22,265–new
SPOT SPOTIFY TECHNOLOGY S ACommunication Services0.10%$882k5,494−9.8%reduced
CRTO CRITEO S ACommunication Services0.09%$847k25,100–new
ETSY ETSY INCConsumer Cyclical0.08%$767k9,061+281%added
FTCHQ FARFETCH LTDConsumer Cyclical0.07%$602k99,700–new
OKTA OKTA INCTechnology0.06%$541k7,800–new
PDD PDD HOLDINGS INCConsumer Cyclical0.05%$509k7,359–new
ZTO ZTO EXPRESS CAYMAN INCIndustrials0.05%$504k20,100–new
JD JD.COM INCConsumer Cyclical0.05%$461k13,512+445%added
AKX ANSYS INC–0.05%$454k1,374+10%added

Exited since Q1 2023

9 rows
CANADIAN PAC RY LTD no ticker8.9%$87.9m
META META PLATFORMS INC4.5%$44.8m
TWLO TWILIO INC1.6%$15.9m
SNOW SNOWFLAKE INC1.4%$13.5m
DUOL DUOLINGO INC0.09%$885k
EA ELECTRONIC ARTS INC0.08%$822k
QCOM QUALCOMM INC0.08%$785k
DIS DISNEY WALT CO0.08%$780k
ASML ASML HLDG NV0.04%$423k

Sector mix

  • Technology27.1%
  • Consumer Cyclical21.0%
  • Financial Services14.5%
  • Healthcare11.4%
  • Industrials8.7%
  • Basic Materials6.7%
  • Unclassified5.9%
  • Real Estate4.2%
  • Communication Services0.5%

Book over time

Every quarter on file (52)
QuarterPositionsEquity book
Q3 20254$30.9m
Q2 20256$34.5m
Q1 20255$23.6m
Q4 202433$398m
Q3 202432$357m
Q2 202436$492m
Q1 202438$585m
Q4 202335$671m
Q3 202338$716m
Q2 202342$925m
Q1 202341$993m
Q4 202227$1.0bn
Q3 202226$1.0bn
Q2 202227$1.4bn
Q1 202230$1.7bn
Q4 202126$3.4bn
Q3 202124$4.0bn
Q2 202129$4.7bn
Q1 202132$4.6bn
Q4 202031$4.8bn
Q3 202029$4.1bn
Q2 202021$3.3bn
Q1 202021$2.7bn
Q4 201913$2.6bn
Q3 201912$2.3bn
Q2 201913$2.8bn
Q1 201911$2.6bn
Q4 20189$2.2bn
Q3 20189$2.3bn
Q2 20188$2.2bn
Q1 20188$2.0bn
Q4 20175$1.6bn
Q3 20176$1.3bn
Q2 20177$2.2bn
Q1 20179$2.2bn
Q4 201610$2.1bn
Q3 20169$2.0bn
Q2 201610$1.9bn
Q1 20169$1.5bn
Q4 20158$1.3bn
Q3 20158$1.4bn
Q2 20158$1.2bn
Q1 201510$1.1bn
Q4 201411$1.1bn
Q3 201411$1.0bn
Q2 201411$1.1bn
Q1 201413$878m
Q4 201312$915m
Q3 201311$754m
Q2 201310$427m
Q1 20137$262m
Q4 20128$239m

Where Tybourne Capital Management (HK) Ltd was early

31 rows
TRIP TRIPADVISOR INCQ1 20137 of 20313.6%13.6%8Exited by Q1 2015+42%
2663134D BITAUTO HLDGS LTDQ2 20132 of 670.09%1.3%2Exited by Q4 2013+47%
AMZN AMAZON.COM INC (AMZN US)Q2 20136 of 37813.2%22.4%47Exited by Q1 2025+1480%
ATHM AUTOHOME INCQ4 20131 of 1005.9%8.2%5Exited by Q1 2015−0.6%
MNST MONSTER BEVERAGE CORP NEWQ1 20142 of 13410.4%12.9%9Exited by Q3 2019+176%
NFLX NETFLIX INCQ2 201413 of 30110.0%20.6%17Exited by Q3 2020+623%
ONDK ON DECK CAP INCQ1 20152 of 705.9%5.9%7Exited by Q4 2016−73%
SAM BOSTON BEER INCQ1 20152 of 1254.3%9.1%8Exited by Q1 2017−36%
DNKN DUNKIN BRANDS GROUP INCQ1 20155 of 847.3%16.2%6Exited by Q3 2016−8.3%
CHTR CHARTER COMMUNICATIONS INC NQ2 20165 of 26927.7%27.7%4Exited by Q2 2017+43%
Z ZILLOW GROUP INC - C (Z US)Q2 201610 of 2303.1%7.8%6Exited by Q1 2025+104%
SNAP SNAP INCQ3 20179 of 24415.9%16.1%8Exited by Q4 2019+8.7%
TEAM ATLASSIAN CORP -CLASS A (TEAM US)Q2 20186 of 2248.6%13.9%20Exited by Q1 2025+289%
TAL TAL EDUCATION GROUPQ3 201811 of 11012.0%13.4%7Exited by Q2 2020+107%
FTCHQ FARFETCH LTD-CLASS A (FTCH US)Q1 20199 of 1730.2%7.6%10Exited by Q3 2023−78%
BCYC BICYCLE THERAPEUTICS LTD-ADR (BCYC US)Q2 20191 of 820.7%20.8%25Exited by Q3 2025−31%
UBER UBER TECHNOLOGIES INCQ2 201914 of 3664.9%4.9%2Exited by Q4 2019−34%
CHWY CHEWY INC - CLASS A (CHWY US)Q1 20207 of 1884.8%4.8%5Exited by Q2 2021+126%
ZNTL ZENTALIS PHARMACEUTICALS INC (ZNTL US)Q2 20202 of 873.9%6.6%22Held at last filing, Q3 2025−97%
MTCH MATCH GROUP INC (MTCH US)Q2 202019 of 2398.3%8.3%4Exited by Q2 2021+28%
NCNO NCINO INCQ3 20202 of 1530.8%1.5%2Exited by Q1 2021−9.1%
TSHA TAYSHA GENE THERAPIES INC (TSHA US)Q3 20206 of 1030.3%39.1%21Held at last filing, Q3 2025−85%
DKNG DRAFTKINGS INC - CL A (DKNG US)Q3 20208 of 2201.8%3.0%3Exited by Q2 2021+4.2%
BEKE KE HOLDINGS INC-ADR (BEKE US)Q4 202010 of 1394.2%9.6%15Exited by Q3 2024−77%
BILL BILL.COM HOLDINGS INC (BILL US)Q4 202011 of 2453.7%3.7%3Exited by Q3 2021+34%
MDB MONGODB INC (MDB US)Q4 202019 of 2286.0%6.9%13Exited by Q1 2024+14%
SNOW SNOWFLAKE INC-CLASS A (SNOW US)Q4 202031 of 3021.2%7.3%8Exited by Q2 2023−45%
AMLX AMYLYX PHARMACEUTICALS INC (AMLX US)Q1 20224 of 1050.6%1.1%2Exited by Q3 2022+50%
SLRN ACELYRIN INC (SLRN US)Q2 20231 of 665.0%30.5%8Exited by Q2 2025−88%
CP CANADIAN PACIFIC KANSAS CITY (CP US)Q2 20235 of 1498.7%13.7%7Exited by Q1 2025−10%
ALMS ALUMIS INC (ALMS US)Q2 20253 of 7912.2%18.0%2Held at last filing, Q3 2025+33%

Concentration and tenure

14.1%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
97.9%
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