WhaleCreep

Tybourne Capital Management (HK) Ltd 13F holdings, Q3 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-09-30, filed 2023-11-14

Tybourne Capital Management (HK) Ltd disclosed 38 US equity positions worth $715.7m in its Q3 2023 13F filing. Its largest position is CP at 10.3% of the reported book, followed by MSFT and V. Versus Q2 2023 it opened 6 new positions, added to 10, reduced 12 and exited 10.

$716m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
38
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.3%
Largest position
The largest single position as a share of the reported equity book.
74.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
15
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 Q2 2023: 6 new, 10 added, 12 reduced, 10 exited

38 rows
CP CANADIAN PACIFIC KANSAS CITYIndustrials10.3%$74.0m994,1990.0%held
MSFT MICROSOFT CORPTechnology9.4%$67.2m212,740−19%reduced
V VISA INCFinancial Services9.0%$64.6m280,959−1.4%reduced
SPGI S&P GLOBAL INCFinancial Services8.4%$59.9m163,885−1.4%reduced
LIN LINDE PLCBasic Materials7.3%$52.0m139,582−14%reduced
AMZN AMAZON COM INCConsumer Cyclical7.2%$51.2m403,133−35%reduced
HTHT H WORLD GROUP LTDConsumer Cyclical5.9%$42.2m1.07m+28%added
TXN TEXAS INSTRS INCTechnology5.7%$40.5m254,762+56%added
BEKE KE HLDGS INCReal Estate5.5%$39.6m2.55m+0.5%held
EPAM EPAM SYS INCTechnology5.4%$39.0m152,377–new
IQV IQVIA HLDGS INCHealthcare5.3%$37.9m192,408−3.4%reduced
BCYC BICYCLE THERAPEUTICS PLCHealthcare3.6%$25.8m1.28m0.0%held
SE SEA LTDConsumer Cyclical3.5%$25.3m576,405+30%added
SLRN ACELYRIN INC–3.2%$22.7m2.23m0.0%held
STNE STONECO LTDTechnology2.8%$20.4m1.91m0.0%held
ZNTL ZENTALIS PHARMACEUTICALS INCHealthcare2.7%$19.3m961,4860.0%held
LIANY LIANBIO–0.7%$4.9m3.30m0.0%held
TSHA TAYSHA GENE THERAPIES INCHealthcare0.7%$4.7m1.50m0.0%held
FBRX FORTE BIOSCIENCES INCHealthcare0.3%$2.4m3.62m–new
IBN ICICI BANK LIMITEDFinancial Services0.3%$2.3m98,800–new
DASH DOORDASH INCConsumer Cyclical0.3%$1.8m23,0340.0%held
MELI MERCADOLIBREConsumer Cyclical0.2%$1.5m1,190−97%reduced
NVDA NVIDIA CORPORATIONTechnology0.2%$1.5m3,437−92%reduced
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology0.2%$1.4m16,674+18%added
ON ON SEMICONDUCTOR CORPTechnology0.2%$1.4m15,4780.0%held
ZTO ZTO EXPRESS CAYMAN INCIndustrials0.2%$1.4m57,700+187%added
ZG ZILLOW GROUP INCCommunication Services0.2%$1.4m31,117−16%reduced
IMXI INTERNATIONAL MONEY EXPRESSTechnology0.2%$1.3m76,537+31%added
CPNG COUPANG INCConsumer Cyclical0.2%$1.2m73,456+23%added
GPN GLOBAL PMTS INCIndustrials0.2%$1.2m10,697–new
XYZ BLOCK INCTechnology0.2%$1.1m25,470+14%added
OKTA OKTA INCTechnology0.1%$945k11,592+49%added
CRTO CRITEO S ACommunication Services0.1%$868k29,740+18%added
MDB MONGODB INCTechnology0.1%$862k2,492−97%reduced
LRCX LAM RESEARCH CORPTechnology0.08%$580k925−98%reduced
PCOR PROCORE TECHNOLOGIES INCTechnology0.08%$560k8,571–new
OPEN OPENDOOR TECHNOLOGIES INCReal Estate0.05%$362k136,979−53%reduced
STX SEAGATE TECHNOLOGY HLDNGS PLTechnology0.03%$230k3,490–new

Exited since Q2 2023

10 rows
SHOP SHOPIFY INC1.5%$13.5m
COHR COHERENT CORP0.1%$1.1m
BZ KANZHUN LIMITED0.1%$1.1m
GLBE GLOBAL E ONLINE LTD0.10%$912k
SPOT SPOTIFY TECHNOLOGY S A0.10%$882k
ETSY ETSY INC0.08%$767k
FTCHQ FARFETCH LTD0.07%$602k
PDD PDD HOLDINGS INC0.05%$509k
JD JD.COM INC0.05%$461k
AKX ANSYS INC0.05%$454k

Sector mix

  • Technology24.7%
  • Financial Services17.7%
  • Consumer Cyclical17.2%
  • Healthcare12.6%
  • Industrials10.7%
  • Basic Materials7.3%
  • Real Estate5.6%
  • Unclassified3.9%
  • Communication Services0.3%

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