13F filer · reported 2026-Q2 · filed 2026-08-14 · Δ vs 2026-Q1 · US-listed long positions only 13F portfolio $48.6B · Positions 66 · Top 10 61.9% · Effective N 20.6 Filer13F 2026-Q2 | CIK1135730 | Reported quarter2026-Q2 | | Prior quarter2026-Q1 | Filed2026-08-14 | | Reported value$48.6B | Positions66 | | Regulatory AUM (ADV)$92.7B | Employees (ADV)199 | | Head office (ADV)NEW YORK, NY, United States | Structure (ADV)Limited Liability Company |
Authorized signatory: Philippe Laffont · Authorized Signatory — the person who SIGNED this filer's latest 13F, frequently a compliance officer, general counsel or CFO, and not necessarily the portfolio manager. Owners & officers (ADV Schedule A): ALBRIGHT, JOANNA, KELS (CO-CHIEF OPERATING OFFICER) · DUDDIE, BRENT, TYLER (GENERAL COUNSEL) · LAFFONT, PHILIPPE, P (FOUNDER & PORTFOLIO MANAGER) · LAFFONT, THOMAS, JEROME (CO-FOUNDER & CHIEF INVESTMENT OFFICER, PRIVATES) · RANGWALLA, JAIMIN (CHIEF INVESTMENT OFFICER, PUBLIC EQUITIES) · ROSENBERG, EVAN, MATTHEW (CHIEF COMPLIANCE OFFICER/CHIEF REGULATORY COUNSEL) · SACKS, ERIC, WADE (CHIEF FINANCIAL OFFICER & CO-CHIEF OPERATING OFFICER) · URQUHART, NATHAN, KYLE (CO-PRESIDENT & HEAD OF STRATEGY) · +2 more Reported 2026-Q2 · filed 2026-08-14 · ADV 2026-05-28ⓘ Implied return1.13y vs SPY | Cumulative+16.9% | CAGR+14.7% | | vs SPY−7.5pp | Vol (ann.)28.4% | | Sharpe0.63 | Max drawdown−20.3% | | Beta1.87 | Avg coverage100% | | Quarters replayed4 | |
2025-06-30 → 2026-08-18 · HYPOTHETICAL replication, not actual returnsⓘ Contribution10 of 105 names | Ticker | Avg wt | Return | Contrib. |
|---|
| LRCX | 5.2% | +228.7% | +8.09pp | | AMAT | 3.8% | +219.4% | +6.42pp | | TSM | 7.5% | +79.3% | +5.41pp | | GEV | 6.2% | +66.9% | +4.12pp | | CRWV · exited | 1.5% | +0.3% | +2.80pp | | META | 6.0% | −27.4% | −2.10pp | | GOOGL | 4.1% | +71.3% | +1.93pp | | AVGO | 4.9% | +29.8% | +1.52pp | | ETN | 4.6% | +25.0% | +1.34pp | | SPOT | 2.8% | −28.2% | −1.27pp |
Holdings-based contribution over the window using the manager's time-varying reported books (rebalanced at each quarter-end). Contributions are Carino-linked and sum to the book return. Includes every name held at ANY point in the window (exited names show 0 end weight but their contribution while held). NOT an actual return — long-only, ~45-day lag, excludes shorts/cash/options; delisted positions floored at −100%. 1 position-period excluded where the symbol's tape crosses an instrument/quote boundary inside the sub-period (post-bankruptcy relisting, ticker reuse or a quote-regime snap): two different securities under one symbol have no return between them, so no contribution is attributed there. 2025-08-19 → 2026-08-19 · book +18.5% · SPY +21.3% · largest absolute contributors first · HYPOTHETICALⓘ Top holdings12 of 66 · 68.5% of book | Holding | Weight | Value | Δ shares |
|---|
| TSM | 8.8% | $4.3B | −4.0% | | LRCX | 8.4% | $4.1B | −6.0% | | MU | 7.5% | $3.6B | +1793.7% | | SPCX | 6.5% | $3.2B | new | | AMAT | 6.3% | $3.0B | −19.7% | | GEV | 6.2% | $3.0B | −0.6% | | AMZN | 5.8% | $2.8B | +49.2% | | AVGO | 4.5% | $2.2B | +6.2% | | ETN | 4.4% | $2.1B | +4.6% | | GOOGL | 3.6% | $1.7B | +12.6% | | INTC | 3.5% | $1.7B | new | | CBRS | 3.2% | $1.5B | new |
Weights as filed for 2026-Q2 · Δ vs 2026-Q1ⓘ Sector split11 sectors | Sector | N | Weight |
|---|
| Information Technology | 26 | 57.9% | | Industrials | 11 | 15.0% | | Communication Services | 6 | 9.1% | | Consumer Discretionary | 6 | 6.3% | | Financials | 5 | 3.9% | | Real Estate | 3 | 2.8% | | Health Care | 4 | 2.5% | | Utilities | 1 | 2.4% | | Consumer Staples | 2 | 0.2% | | Materials | 1 | 0.0% | | Unclassified | 1 | 0.0% |
SIC-derived, not GICS · 100% of weight classifiedⓘ Sector history8 of 52 quarters | Sector | 2024-Q2 | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Information Technology | 52.6% | 39.2% | 47.3% | 42.0% | 49.7% | 50.7% | 46.9% | 44.2% | | Industrials | 9.5% | 11.8% | 8.7% | 12.4% | 9.8% | 10.7% | 11.5% | 16.9% | | Communication Services | 12.2% | 13.2% | 13.6% | 17.2% | 14.3% | 17.7% | 19.3% | 15.4% | | Consumer Discretionary | 10.2% | 12.8% | 11.4% | 11.5% | 10.3% | 8.8% | 9.7% | 6.6% | | Utilities | 5.5% | 9.1% | 6.4% | 5.5% | 5.6% | 4.9% | 5.2% | 4.5% | | Financials | 6.0% | 8.4% | 9.8% | 7.8% | 7.4% | 5.4% | 3.9% | 4.0% | | Real Estate | 1.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 3.9% | | Health Care | 2.7% | 3.5% | 2.4% | 2.3% | 2.2% | 1.7% | 3.3% | 3.8% | | Materials | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | | Consumer Staples | 0.0% | 0.0% | 0.0% | 1.1% | 0.7% | 0.0% | 0.1% | 0.3% | | Unclassified | 0.2% | 1.8% | 0.4% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | | Energy | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Top-10 concentration | 58.2% | 55.8% | 52.1% | 56.6% | 57.3% | 51.4% | 54.2% | 63.7% |
SIC-derived, not GICS · 100% of the latest book classified · share of the filed book, per quarterⓘ Basis & disclosures - As filed · positions and weights exactly as the 13F states them · nothing imputed · absent “—”
- 13F is US-listed long only · filed up to 45 days after quarter-end · a LOWER bound on what this filer manages, never a total — shorts, options, cash, bonds and non-US listings are outside it
- As filed — the holdings and weights are the 13F itself; no return engine produced them
- Implied returns are a replication, not a track record · the filed book valued daily and rebalanced to each new filing · no fees, no timing, and nothing a 13F does not carry
- Not investment advice · no recommendation, forecast or offer · past ≠ future · this is a filer's public record, not a solicitation
- SEC Form 13F · SEC Form ADV · licensed end-of-day prices · spzco.com/methodology
|
