NZS Capital, LLC Q4 2025 Filing

Filed February 12, 2026

Portfolio Value

$3.3T

Holdings

62

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (62 positions)

#StockSharesValue% PortfolioType
1
GOOGALPHABET INC
815,373$255.9B7.85%
2
CDNSCADENCE DESIGN SYSTEM INC
469,857$146.9B4.50%
3
DHRDANAHER CORPORATION
630,666$144.4B4.43%
4
LRCXLAM RESEARCH CORP
739,673$126.6B3.88%
5
AMTAMERICAN TOWER CORP NEW
621,577$109.1B3.35%
6
PGRPROGRESSIVE CORP
468,365$106.7B3.27%
7
WDAYWORKDAY INC
488,576$104.9B3.22%
8
LINLINDE PLC
244,345$104.2B3.20%
9
ROPROPER TECHNOLOGIES INC
226,315$100.7B3.09%
10
TXNTEXAS INSTRS INC
522,259$90.6B2.78%
11
IRINGERSOLL RAND INC
982,491$77.8B2.39%
12
ITGARTNER INC
301,284$76.0B2.33%
13
TTTRANE TECHNOLOGIES PLC
192,774$75.0B2.30%
14
URIUNITED RENTALS INC
90,145$73.0B2.24%
15
APHAMPHENOL CORP NEW
485,926$65.7B2.01%
16
ISRGINTUITIVE SURGICAL INC
111,005$62.9B1.93%
17
SHOPSHOPIFY INC
379,328$61.1B1.87%
18
AJGGALLAGHER ARTHUR J & CO
229,704$59.4B1.82%
19
UBERUBER TECHNOLOGIES INC
724,254$59.2B1.82%
20
KLACKLA CORP
46,815$56.9B1.74%
21
AAPLAPPLE INC
208,934$56.8B1.74%
22
PCORPROCORE TECHNOLOGIES INC
773,108$56.2B1.72%
23
NVDANVIDIA CORPORATION
294,117$54.9B1.68%
24
SNOWSNOWFLAKE INC
248,459$54.5B1.67%
25
NUNU HLDGS LTD
3,066,393$51.3B1.57%
26
HEIHEICO CORP NEW
199,636$50.4B1.55%
27
MLB1MERCADOLIBRE INC
23,239$46.8B1.44%
28
TOSTTOAST INC
1,296,518$46.0B1.41%
29
TEAMATLASSIAN CORPORATION
283,603$46.0B1.41%
30
ARMARM HOLDINGS PLC
411,748$45.0B1.38%
31
SNPSSYNOPSYS INC
95,531$44.9B1.38%
32
PWRQUANTA SVCS INC
103,258$43.6B1.34%
33
LSCCLATTICE SEMICONDUCTOR CORP
551,323$40.6B1.24%
34
SAILSAILPOINT INC
1,959,650$39.6B1.22%
35
TTANSERVICETITAN INC
362,203$38.6B1.18%
36
GLBEGLOBAL E ONLINE LTD
958,551$37.7B1.16%
37
HEIHEICO CORP NEW
113,566$36.7B1.13%
38
MSFTMICROSOFT CORP
74,048$35.8B1.10%
39
MRVLMARVELL TECHNOLOGY INC
420,357$35.7B1.10%
40
PENPENUMBRA INC
108,586$33.8B1.04%
41
RGENREPLIGEN CORP
198,803$32.6B1.00%
42
DASHDOORDASH INC
140,991$31.9B0.98%
43
AXONAXON ENTERPRISE INC
54,737$31.1B0.95%
44
CSGPCOSTAR GROUP INC
441,362$29.7B0.91%
45
AFRMAFFIRM HLDGS INC
360,091$26.8B0.82%
46
ZZILLOW GROUP INC
386,733$26.4B0.81%
47
CGNXCOGNEX CORP
692,849$24.9B0.76%
48
MPWRMONOLITHIC PWR SYS INC
26,209$23.8B0.73%
49
NOWSERVICENOW INC
142,676$21.9B0.67%
50
RDDTREDDIT INC
94,117$21.6B0.66%
51
NETCLOUDFLARE INC
106,537$21.0B0.64%
52
COINCOINBASE GLOBAL INC
85,051$19.2B0.59%
53
ADIANALOG DEVICES INC
68,879$18.7B0.57%
54
FNDFLOOR & DECOR HLDGS INC
270,274$16.5B0.50%
55
TYLTYLER TECHNOLOGIES INC
32,620$14.8B0.45%
56
FROGJFROG LTD
236,247$14.8B0.45%
57
LMNDLEMONADE INC
130,379$9.3B0.28%
58
FIGFIGMA INC
178,537$6.7B0.20%
59
HTFLHEARTFLOW INC
209,688$6.1B0.19%
60
CRWDCROWDSTRIKE HLDGS INC
10,111$4.7B0.15%
61
SPOTSPOTIFY TECHNOLOGY S A
6,019$3.5B0.11%
62
MNDYMONDAY COM LTD
16,646$2.5B0.08%