Valiant Capital Management, L.P. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Valiant Capital Management, L.P. disclosed 28 US equity positions worth $1.1bn in its Q3 2025 13F filing. The largest position was CORZ at 10.8% of the reported book, followed by SPY and IWM. Against the Q2 2025 filing, it opened 2 new positions, added to 2 and reduced 22 among the top 28 holdings.
What did Valiant Capital Management, L.P. own in Q3 2025? Top 28 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | CORZ CORE SCIENTIFIC INC NEW | Technology | 10.8% | $116.3m | 6,483,103 | 35% | added |
| 2 | SPY SPDR S&P 500 ETF TR | 9.5% | $102.9m | 154,502 | -7% | reduced | |
| 3 | IWM ISHARES TR | 9.5% | $102.3m | 422,857 | -12% | reduced | |
| 4 | AGX ARGAN INC | Industrials | 6.4% | $68.8m | 254,600 | -35% | reduced |
| 5 | GEV GE VERNOVA INC | Industrials | 6.2% | $67.2m | 109,217 | -33% | reduced |
| 6 | AVGO BROADCOM INC | Technology | 4.7% | $50.3m | 152,504 | -35% | reduced |
| 7 | TKO TKO GROUP HOLDINGS INC | Communication Services | 4.0% | $43.7m | 216,355 | -27% | reduced |
| 8 | MSFT MICROSOFT CORP | Technology | 3.6% | $39.2m | 75,606 | -30% | reduced |
| 9 | GDX VANECK ETF TRUST | 3.6% | $39.0m | 509,916 | -23% | reduced | |
| 10 | VST VISTRA CORP | Utilities | 3.5% | $38.2m | 194,943 | -31% | reduced |
| 11 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | Communication Services | 3.5% | $37.9m | 146,672 | -4% | reduced |
| 12 | HDB HDFC BANK LTD | Financial Services | 3.4% | $36.3m | 1,061,396 | 49% | added |
| 13 | AMZN AMAZON COM INC | Consumer Cyclical | 3.3% | $35.5m | 161,715 | -10% | reduced |
| 14 | LLY ELI LILLY & CO | Healthcare | 2.8% | $30.7m | 40,217 | -23% | reduced |
| 15 | PWR QUANTA SVCS INC | Industrials | 2.8% | $30.5m | 73,713 | -34% | reduced |
| 16 | GRDN GUARDIAN PHARMACY SVCS INC | 2.6% | $27.9m | 1,064,722 | – | new | |
| 17 | NVDA NVIDIA CORPORATION | Technology | 2.6% | $27.6m | 147,793 | -27% | reduced |
| 18 | Z ZILLOW GROUP INC | Communication Services | 2.5% | $27.0m | 349,877 | -23% | reduced |
| 19 | CRWD CROWDSTRIKE HLDGS INC | Technology | 2.4% | $26.3m | 53,591 | -23% | reduced |
| 20 | CRM SALESFORCE INC | Technology | 2.2% | $24.3m | 102,550 | -23% | reduced |
| 21 | NFLX NETFLIX INC | Communication Services | 2.1% | $23.2m | 19,343 | -25% | reduced |
| 22 | RH RH | Consumer Cyclical | 2.0% | $22.0m | 108,500 | 0% | held |
| 23 | NOW SERVICENOW INC | Technology | 1.7% | $18.3m | 19,924 | -23% | reduced |
| 24 | CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 1.5% | $16.3m | 111,909 | -23% | reduced |
| 25 | WLDN WILLDAN GROUP INC | Industrials | 1.4% | $15.5m | 160,243 | -19% | reduced |
| 26 | UBER UBER TECHNOLOGIES INC | Technology | 0.5% | $5.8m | 59,464 | 0% | held |
| 27 | PSIX POWER SOLUTIONS INTL INC | 0.4% | $3.8m | 38,926 | -36% | reduced | |
| 28 | FLY FIREFLY AEROSPACE INC | Industrials | 0.3% | $3.5m | 120,000 | – | 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.