NZS Capital, LLC

Q3 2025 13F-HR Holdings

Location
Denver, CO
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
61
Total value ($000)
$3,265,570
Net value change ($000)
+323,134 (11.0%)
New positions
6
Sold out positions
5
Turnover %
14.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/12/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
WDAY 97,619 NEW
IT 67,830 NEW
SNPS 46,798 NEW
GOOGL 43,963 25.4%
LRCX 40,750 39.7%
IR 35,506 92.7%
ROP 26,526 32.1%
SAIL 24,643 176.9%
MPWR 23,937 NEW
SHOP 23,621 33.6%
Top Reduces (Value $000, Stocks/ETFs)
MCHP -86,630 -100.0%
NVDA -78,036 -55.4%
ADSK -62,823 -100.0%
CYBR -47,486 -100.0%
NET -36,154 -61.4%
ON -23,342 -100.0%
TT -21,537 -28.2%
APH -21,478 -16.4%
THO -10,022 -100.0%
CMG -8,503 -24.7%
Instrument mix + QoQ Δ (ex-options)
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