NZS Capital, LLC

Q4 2025 13F-HR Holdings

Location
Denver, CO
Holdings as of
12/31/2025
Date filed
2/12/2026
Form type
13F-HR
Num holdings
62
Total value ($000)
$3,260,150
Net value change ($000)
-5,420 (-0.2%)
New positions
5
Sold out positions
4
Turnover %
6.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 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)
AJG 59,445 NEW
DHR 47,067 48.4%
GOOGL 38,793 17.9%
AMT 24,468 28.9%
TT 20,122 36.6%
AAPL 15,742 38.3%
TYL 14,808 NEW
FROG 14,756 NEW
ISRG 13,667 27.8%
LIN 13,105 14.4%
Top Reduces (Value $000, Stocks/ETFs)
FISV -70,151 -100.0%
APH -43,495 -39.8%
CDNS -33,238 -18.5%
SHOP -32,772 -34.9%
CMG -25,872 -100.0%
CRM -19,161 -100.0%
ARM -18,373 -29.0%
URI -18,040 -19.8%
PGR -16,966 -13.7%
LRCX -16,815 -11.7%
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type