Valiant Capital Management, L.P. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Valiant Capital Management, L.P. disclosed 29 US equity positions worth $1.2bn in its Q4 2025 13F filing. The largest position was SPY at 13.6% of the reported book, followed by IWM and CORZ. Against the Q3 2025 filing, it opened 2 new positions, added to 8 and reduced 18 among the top 29 holdings.
What did Valiant Capital Management, L.P. own in Q4 2025? Top 29 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SPY SPDR S&P 500 ETF TR | 13.6% | $161.8m | 237,326 | 54% | added | |
| 2 | IWM ISHARES TR | 13.6% | $161.8m | 657,301 | 55% | added | |
| 3 | CORZ CORE SCIENTIFIC INC NEW | Technology | 7.8% | $92.3m | 6,336,424 | -2% | reduced |
| 4 | GEV GE VERNOVA INC | Industrials | 5.6% | $66.4m | 101,637 | -7% | reduced |
| 5 | AVGO BROADCOM INC | Technology | 4.0% | $48.0m | 138,802 | -9% | reduced |
| 6 | AGX ARGAN INC | Industrials | 3.5% | $42.1m | 134,273 | -47% | reduced |
| 7 | TKO TKO GROUP HOLDINGS INC | Communication Services | 3.5% | $41.2m | 196,917 | -9% | reduced |
| 8 | HDB HDFC BANK LTD | Financial Services | 3.4% | $41.0m | 1,122,032 | 6% | added |
| 9 | GDX VANECK ETF TRUST | 3.3% | $39.8m | 464,104 | -9% | reduced | |
| 10 | GRDN GUARDIAN PHARMACY SVCS INC | 3.1% | $37.1m | 1,232,463 | 16% | added | |
| 11 | AMZN AMAZON COM INC | Consumer Cyclical | 3.0% | $35.9m | 155,404 | -4% | reduced |
| 12 | MSFT MICROSOFT CORP | Technology | 3.0% | $35.1m | 72,655 | -4% | reduced |
| 13 | PUMP PROPETRO HLDG CORP | Energy | 2.9% | $34.9m | 3,668,820 | – | new |
| 14 | TTWO TAKE-TWO INTERACTIVE SOFTWAR | Communication Services | 2.9% | $34.2m | 133,495 | -9% | reduced |
| 15 | SEI SOLARIS ENERGY INFRAS INC | Energy | 2.8% | $33.8m | 734,499 | – | new |
| 16 | RH RH | Consumer Cyclical | 2.8% | $32.7m | 182,765 | 68% | added |
| 17 | PWR QUANTA SVCS INC | Industrials | 2.5% | $29.7m | 70,381 | -5% | reduced |
| 18 | VST VISTRA CORP | Utilities | 2.4% | $28.9m | 178,927 | -8% | reduced |
| 19 | LLY ELI LILLY & CO | Healthcare | 2.4% | $28.5m | 26,526 | -34% | reduced |
| 20 | NVDA NVIDIA CORPORATION | Technology | 2.2% | $26.5m | 141,979 | -4% | reduced |
| 21 | CRM SALESFORCE INC | Technology | 2.1% | $24.7m | 93,336 | -9% | reduced |
| 22 | CRWD CROWDSTRIKE HLDGS INC | Technology | 1.9% | $22.9m | 48,776 | -9% | reduced |
| 23 | Z ZILLOW GROUP INC | Communication Services | 1.8% | $21.7m | 318,443 | -9% | reduced |
| 24 | NFLX NETFLIX INC | Communication Services | 1.5% | $17.4m | 185,880 | 861% | added |
| 25 | WLDN WILLDAN GROUP INC | Industrials | 1.3% | $15.8m | 152,531 | -5% | reduced |
| 26 | CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 1.2% | $14.7m | 101,853 | -9% | reduced |
| 27 | NOW SERVICENOW INC | Technology | 1.2% | $13.9m | 90,666 | 355% | added |
| 28 | UBER UBER TECHNOLOGIES INC | Technology | 0.4% | $4.9m | 59,464 | 0% | held |
| 29 | PSIX POWER SOLUTIONS INTL INC | 0.2% | $2.3m | 40,401 | 4% | 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.