WhaleCreep

Tybourne Capital Management (HK) Ltd 13F holdings, Q4 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-12-31, filed 2024-02-14

Tybourne Capital Management (HK) Ltd disclosed 35 US equity positions worth $671.2m in its Q4 2023 13F filing. Its largest position is CP at 10.9% of the reported book, followed by SPGI and MSFT. Versus Q3 2023 it opened 4 new positions, added to 13, reduced 16 and exited 7.

$671m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
35
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.9%
Largest position
The largest single position as a share of the reported equity book.
68.3%
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 Q3 2023: 4 new, 13 added, 16 reduced, 7 exited

35 rows
CP CANADIAN PACIFIC KANSAS CITYIndustrials10.9%$73.5m929,399−6.5%reduced
SPGI S&P GLOBAL INCFinancial Services8.5%$57.0m129,506−21%reduced
MSFT MICROSOFT CORPTechnology7.9%$53.3m141,688−33%reduced
V VISA INCFinancial Services7.7%$51.6m198,159−29%reduced
EPAM EPAM SYS INCTechnology6.2%$41.9m141,012−7.5%reduced
IQV IQVIA HLDGS INCHealthcare6.0%$40.6m175,490−8.8%reduced
LIN LINDE PLCBasic Materials5.9%$39.8m96,855−31%reduced
TXN TEXAS INSTRS INCTechnology5.3%$35.3m206,915−19%reduced
AMZN AMAZON COM INCConsumer Cyclical5.0%$33.6m221,008−45%reduced
BEKE KE HLDGS INCReal Estate4.7%$31.8m1.96m−23%reduced
BCYC BICYCLE THERAPEUTICS PLCHealthcare4.4%$29.8m1.65m+29%added
HTHT H WORLD GROUP LTDConsumer Cyclical4.2%$27.9m835,412−22%reduced
STNE STONECO LTDTechnology4.1%$27.3m1.51m−21%reduced
ZG ZILLOW GROUP INCCommunication Services3.8%$25.2m444,175+1327%added
SLRN ACELYRIN INC–3.2%$21.7m2.91m+30%added
SE SEA LTDConsumer Cyclical2.6%$17.6m435,335−24%reduced
LIANY LIANBIO–2.3%$15.2m3.40m+2.9%added
ZNTL ZENTALIS PHARMACEUTICALS INCHealthcare2.2%$14.6m961,4860.0%held
TSHA TAYSHA GENE THERAPIES INCHealthcare1.0%$6.5m3.70m+147%added
XYZ BLOCK INCTechnology0.5%$3.0m39,057+53%added
FBRX FORTE BIOSCIENCES INCHealthcare0.4%$3.0m3.62m0.0%held
IMXI INTERNATIONAL MONEY EXPRESSTechnology0.4%$2.7m122,420+60%added
DASH DOORDASH INCConsumer Cyclical0.4%$2.5m25,075+8.9%added
MELI MERCADOLIBREConsumer Cyclical0.3%$2.1m1,340+13%added
META META PLATFORMS INCCommunication Services0.3%$2.0m5,747–new
GPN GLOBAL PMTS INCIndustrials0.2%$1.6m12,859+20%added
NVDA NVIDIA CORPORATIONTechnology0.2%$1.5m3,095−10.0%reduced
STX SEAGATE TECHNOLOGY HLDNGS PLTechnology0.2%$1.5m17,058+389%added
PCOR PROCORE TECHNOLOGIES INCTechnology0.2%$1.3m19,397+126%added
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology0.2%$1.2m11,368−32%reduced
MU MICRON TECHNOLOGY INCTechnology0.2%$1.0m11,894–new
CARG CARGURUS INCCommunication Services0.2%$1.0m41,721–new
OPEN OPENDOOR TECHNOLOGIES INCReal Estate0.1%$823k183,671+34%added
MDB MONGODB INCTechnology0.1%$801k1,959−21%reduced
PLNT PLANET FITNESS INCConsumer Cyclical0.1%$774k10,600–new

Exited since Q3 2023

7 rows
IBN ICICI BANK LIMITED0.3%$2.3m
ON ON SEMICONDUCTOR CORP0.2%$1.4m
ZTO ZTO EXPRESS CAYMAN INC0.2%$1.4m
CPNG COUPANG INC0.2%$1.2m
OKTA OKTA INC0.1%$945k
CRTO CRITEO S A0.1%$868k
LRCX LAM RESEARCH CORP0.08%$580k

Sector mix

  • Technology25.5%
  • Financial Services16.2%
  • Healthcare14.1%
  • Consumer Cyclical12.6%
  • Industrials11.2%
  • Basic Materials5.9%
  • Unclassified5.5%
  • Real Estate4.9%
  • Communication Services4.2%

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