Valiant Capital Management, L.P. 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Valiant Capital Management, L.P. disclosed 29 US equity positions worth $1.3bn in its Q2 2025 13F filing. The largest position was IWM at 8.0% of the reported book, followed by SPY and AGX. Against the Q1 2025 filing, it opened 3 new positions, added to 14 and reduced 6 among the top 29 holdings.
What did Valiant Capital Management, L.P. own in Q2 2025? Top 29 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | IWM ISHARES TR | 8.0% | $103.6m | 480,107 | -3% | reduced | |
| 2 | SPY SPDR S&P 500 ETF TR | 7.9% | $103.0m | 166,722 | -6% | reduced | |
| 3 | AGX ARGAN INC | Industrials | 6.6% | $85.9m | 389,615 | -7% | reduced |
| 4 | GEV GE VERNOVA INC | Industrials | 6.6% | $85.8m | 162,153 | 5% | added |
| 5 | CORZ CORE SCIENTIFIC INC NEW | Technology | 6.3% | $82.0m | 4,801,524 | 9% | added |
| 6 | AVGO BROADCOM INC | Technology | 5.0% | $64.7m | 234,740 | 9% | added |
| 7 | CART MAPLEBEAR INC | Consumer Cyclical | 4.7% | $61.0m | 1,348,275 | 0% | held |
| 8 | VST VISTRA CORP | Utilities | 4.2% | $54.6m | 281,486 | -16% | reduced |
| 9 | HDB HDFC BANK LTD | Financial Services | 4.2% | $54.4m | 710,000 | 5% | added |
| 10 | TKO TKO GROUP HOLDINGS INC | Communication Services | 4.2% | $54.1m | 297,559 | -7% | reduced |
| 11 | MSFT MICROSOFT CORP | Technology | 4.2% | $54.0m | 108,595 | 8% | added |
| 12 | PWR QUANTA SVCS INC | Industrials | 3.2% | $42.1m | 111,220 | -5% | reduced |
| 13 | LLY ELI LILLY & CO | Healthcare | 3.1% | $40.5m | 51,926 | 152% | added |
| 14 | ABR ARBOR REALTY TRUST INC | Real Estate | 3.1% | $40.2m | 3,752,400 | – | new |
| 15 | AMZN AMAZON COM INC | Consumer Cyclical | 3.0% | $39.3m | 179,015 | 19% | added |
| 16 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | Communication Services | 2.9% | $37.2m | 153,172 | 50% | added |
| 17 | CRM SALESFORCE INC | Technology | 2.8% | $36.1m | 132,410 | 7% | added |
| 18 | CRWD CROWDSTRIKE HLDGS INC | Technology | 2.7% | $35.2m | 69,196 | 10% | added |
| 19 | NFLX NETFLIX INC | Communication Services | 2.7% | $34.7m | 25,878 | 10% | added |
| 20 | GDX VANECK ETF TRUST | 2.6% | $34.3m | 658,389 | 0% | held | |
| 21 | NVDA NVIDIA CORPORATION | Technology | 2.5% | $31.8m | 201,415 | 0% | held |
| 22 | Z ZILLOW GROUP INC | Communication Services | 2.4% | $31.6m | 451,750 | 9% | added |
| 23 | NOW SERVICENOW INC | Technology | 2.0% | $26.4m | 25,726 | 9% | added |
| 24 | RH RH | Consumer Cyclical | 1.6% | $20.5m | 108,500 | – | new |
| 25 | CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 1.0% | $13.4m | 144,496 | 0% | held |
| 26 | WLDN WILLDAN GROUP INC | Industrials | 1.0% | $12.4m | 198,321 | 0% | held |
| 27 | BTBT BIT DIGITAL INC | 0.7% | $8.8m | 4,000,000 | – | new | |
| 28 | UBER UBER TECHNOLOGIES INC | Technology | 0.4% | $5.5m | 59,464 | 0% | held |
| 29 | PSIX POWER SOLUTIONS INTL INC | 0.3% | $3.9m | 60,505 | 39% | 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.