Valiant Capital Management, L.P.

Q4 2025 13F-HR Holdings

Location
San Francisco, CA
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
33
Total value ($000)
$1,767,917
Net value change ($000)
+314,489 (21.6%)
New positions
2
Sold out positions
1
Turnover %
6.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IWM 59,487 58.1%
SPY 58,911 57.2%
PUMP 34,890 NEW
SEI 33,765 NEW
RH 10,699 48.5%
GRDN 9,157 32.8%
HDB 4,742 13.1%
GDX 848 2.2%
CRM 422 1.7%
AMZN 362 1.0%
Top Reduces (Value $000, Stocks/ETFs)
AGX -26,685 -38.8%
CORZ -24,049 -20.7%
VST -9,327 -24.4%
NFLX -5,763 -24.9%
ZG -5,234 -19.4%
NOW -4,447 -24.3%
MSFT -4,023 -10.3%
TTWO -3,715 -9.8%
FLY -3,518 -100.0%
CRWD -3,416 -13.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 578,030 (32.7% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type