ZEVENBERGEN CAPITAL INVESTMENTS LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $403.3M | 1,765,724 | +0.97pp | 32q | -2.2%-$9.2M | |
| MICROSOFT CORP | MSFT | $265.2M | 517,109 | +3.41pp | 32q | +65.5%+$105.0M | |
| ADVANCED MICRO DEVICES INC | AMD | $213.3M | 348,709 | -0.58pp | 17q | -15.3%-$38.5M | |
| ALPHABET INC | GOOG | $186.2M | 546,566 | -0.15pp | 23q | HELD | |
| TESLA INC | TSLA | $185.2M | 521,985 | -0.89pp | 32q | -2.3%-$4.3M | |
| APPLE INC | AAPL | $168.0M | 504,622 | +0.51pp | 32q | HELD | |
| SHOPIFY INC | SHOP | $157.8M | 1,064,021 | +0.52pp | 32q | -10.1%-$17.8M | |
| MICRON TECHNOLOGY INC | MU | $153.9M | 144,500 | -1.07pp | 17q | -16.9%-$31.4M | |
| AMAZON COM INC | AMZN | $153.9M | 617,565 | +0.15pp | 32q | HELD | |
| META PLATFORMS INC | META | $152.3M | 210,063 | +0.65pp | 15q | -4.7%-$7.5M | |
| CROWDSTRIKE HLDGS INC | CRWD | $126.6M | 478,239 | +0.47pp | 21q | +243.8%+$89.8M | |
| SNOWFLAKE INC | SNOW | $122.8M | 361,516 | +0.67pp | 24q | -1.8%-$2.3M | |
| BROADCOM INC | AVGO | $112.0M | 319,000 | -0.19pp | 12q | HELD | |
| MONOLITHIC PWR SYS INC | MPWR | $100.7M | 74,736 | -0.18pp | 32q | -4.9%-$5.2M | |
| MERCADOLIBRE INC | MELI | $95.3M | 55,119 | -0.43pp | 32q | -18.2%-$21.2M | |
| NATERA INC | NTRA | $94.0M | 227,444 | +0.57pp | 15q | -10.6%-$11.2M | |
| AXON ENTERPRISE INC | AXON | $92.1M | 217,876 | -1.76pp | 32q | -27.9%-$35.6M | |
| ROCKET LAB CORP | RKLB | $84.5M | 1,212,160 | -0.40pp | 6q | +20.6%+$14.4M | |
| CREDO TECHNOLOGY GROUP HOLDI | CRDO | $81.6M | 418,991 | -0.61pp | 10q | +4.9%+$3.8M | |
| SPACE EXPLORATION TECHN CORP | SPCX | $77.8M | 516,016 | +1.40pp | 2q | +428.4%+$63.1M | |
| ALPHABET INC | GOOGL | $76.3M | 221,630 | -0.08pp | 23q | -0.7%-$540.9K | |
| VERTIV HOLDINGS CO | VRT | $66.0M | 273,308 | -0.63pp | 10q | -2.4%-$1.6M | |
| QUANTA SVCS INC | PWR | $62.9M | 97,863 | -0.20pp | 8q | -1.7%-$1.1M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $57.3M | 125,498 | +0.12pp | 3q | +15.5%+$7.7M | |
| TOAST INC | TOST | $56.2M | 1,938,736 | +0.02pp | 14q | -2.7%-$1.5M | |
| ARISTA NETWORKS INC | ANET | $51.7M | 254,095 | +0.20pp | 8q | HELD | |
| COMFORT SYS USA INC | FIX | $50.5M | 30,515 | +0.50pp | 2q | +111.7%+$26.6M | |
| DELL TECHNOLOGIES INC | DELL | $47.9M | 89,030 | +0.07pp | 11q | -14.6%-$8.2M | |
| MARVELL TECHNOLOGY INC | MRVL | $47.4M | 179,565 | +0.48pp | 2q | +100.3%+$23.8M | |
| APPLIED MATLS INC | AMAT | $44.4M | 86,800 | -0.29pp | 17q | +10.2%+$4.1M | |
| DATADOG INC | DDOG | $44.0M | 160,585 | +0.05pp | 26q | HELD | |
| PALO ALTO NETWORKS INC | PANW | $37.3M | 93,910 | +0.12pp | 18q | HELD | |
| SCHWAB TOTAL STOCK MARKET INDEX | $36.7M | 1,989,573 | -0.20pp | 3q | -20.7%-$9.6M | ||
| KLA CORP | KLAC | $32.0M | 164,090 | -0.30pp | 17q | +9.4%+$2.7M | |
| VEEVA SYS INC | VEEV | $31.3M | 109,731 | +0.26pp | 27q | -1.6%-$512.7K | |
| XOMETRY INC | XMTR | $30.6M | 297,552 | +0.40pp | 17q | +115.1%+$16.4M | |
| AMPHENOL CORP | APH | $29.7M | 352,195 | -0.03pp | 32q | +100.1%+$14.9M | |
| COHERENT CORP | COHR | $28.9M | 100,301 | -0.06pp | 3q | +25.7%+$5.9M | |
| SAMSARA INC | IOT | $28.0M | 734,237 | +0.02pp | 8q | -11.8%-$3.7M | |
| VISA INC | V | $27.5M | 76,398 | +0.03pp | 32q | HELD | |
| SHARKNINJA INC | SN | $26.2M | 145,282 | +0.11pp | 3q | +4.0%+$1.0M | |
| UBER TECHNOLOGIES INC | UBER | $25.0M | 364,383 | -0.37pp | 30q | -36.5%-$14.3M | |
| ASML HLDG NV | ASML | $24.0M | 13,222 | -0.05pp | 17q | HELD | |
| KARMAN HLDGS INC | KRMN | $23.2M | 714,745 | -0.47pp | 4q | -18.3%-$5.2M | |
| TRANSMEDICS GROUP INC | TMDX | $22.3M | 267,282 | +0.04pp | 6q | -13.3%-$3.4M | |
| CARIS LIFE SCIENCES INC | CAI | $22.0M | 719,597 | +0.18pp | 4q | -10.3%-$2.5M | |
| CADENCE DESIGN SYSTEM INC | CDNS | $21.5M | 65,000 | -0.07pp | 17q | HELD | |
| NXP SEMICONDUCTORS N V | NXPI | $20.5M | 86,100 | flat | 17q | +17.8%+$3.1M | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $20.4M | 22,100 | -0.02pp | 3q | HELD | |
| ARM HOLDINGS PLC | ARM | $18.2M | 62,945 | -0.08pp | 11q | +3.2%+$573.5K | |
| SERVICENOW INC | NOW | $16.1M | 120,230 | +0.10pp | 32q | HELD | |
| SPOTIFY TECHNOLOGY S A | SPOT | $15.4M | 31,517 | -0.19pp | 10q | -38.9%-$9.8M | |
| MONGODB INC | MDB | $14.7M | 42,100 | +0.08pp | 30q | +26.8%+$3.1M | |
| QUALCOMM INC | QCOM | $14.4M | 78,187 | -0.16pp | 27q | -32.6%-$7.0M | |
| APPFOLIO INC | APPF | $11.5M | 57,300 | +0.05pp | 10q | HELD | |
| JPMORGAN CHASE & CO | JPM | $9.7M | 29,263 | +0.01pp | 32q | +2.2%+$211.7K | |
| IONQ INC | IONQ | $9.6M | 218,605 | -0.02pp | 2q | +9.3%+$816.0K | |
| BLOOM ENERGY CORP | BE | $9.5M | 34,390 | flat | 10q | +8.9%+$775.5K | |
| NAVAN INC | NAVN | $8.1M | 387,738 | +0.18pp | 2q | +2221.8%+$7.8M | |
| ORACLE CORP | ORCL | $7.9M | 57,890 | -0.04pp | 17q | -11.4%-$1.0M | |
| COSTCO WHOLESALE CORPORATION | COST | $7.6M | 8,303 | flat | 32q | +1.2%+$91.0K | |
| NETFLIX INC | NFLX | $7.4M | 106,535 | -0.78pp | 32q | -81.7%-$33.0M | |
| ON HLDG AG | ONON | $7.3M | 246,670 | -0.14pp | 18q | -34.7%-$3.9M | |
| NEBIUS GROUP N.V. | NBIS | $5.7M | 24,050 | -0.01pp | 7q | +6.9%+$365.6K | |
| BLACKROCK INC | BLK | $5.3M | 5,049 | +0.02pp | 9q | +6.7%+$336.5K | |
| AMGEN INC | AMGN | $4.4M | 10,462 | +0.02pp | 32q | +4.7%+$199.4K | |
| CINTAS CORP | CTAS | $4.0M | 20,700 | +0.01pp | 28q | +2.4%+$93.6K | |
| BOOKING HOLDINGS INC | BKNG | $3.9M | 23,940 | -0.01pp | 17q | -6.0%-$250.1K | |
| PROGRESSIVE CORP | PGR | $3.6M | 17,350 | flat | 32q | +2.9%+$101.6K | |
| NLIGHT INC | LASR | $3.5M | 91,061 | -0.45pp | 3q | -72.9%-$9.5M | |
| RUBRIK INC. | RBRK | $3.5M | 30,625 | +0.02pp | 3q | -1.2%-$42.9K | |
| DOORDASH INC | DASH | $3.4M | 18,389 | - | new | NEW | |
| DEERE & CO | DE | $3.2M | 4,815 | +0.01pp | 6q | +7.8%+$235.0K | |
| PACCAR INC | PCAR | $3.2M | 29,207 | -0.01pp | 32q | -0.7%-$22.0K | |
| HOME DEPOT INC | HD | $3.1M | 10,987 | -0.01pp | 32q | +4.9%+$146.5K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $3.0M | 3,931 | flat | 32q | HELD | |
| JOHNSON & JOHNSON | JNJ | $2.9M | 11,139 | flat | 32q | HELD | |
| QUEST DIAGNOSTICS INC | DGX | $2.9M | 12,325 | +0.01pp | 6q | +8.9%+$235.4K | |
| WASTE MGMT INC DEL | WM | $2.6M | 12,937 | flat | 8q | +16.0%+$363.4K | |
| APPLOVIN CORP | APP | $2.6M | 9,051 | -0.89pp | 5q | -88.8%-$20.8M | |
| CONTEMPORARY AMPEREX | CYATY | $2.4M | 154,225 | flat | 2q | +60.6%+$892.2K | |
| DRAFTKINGS INC NEW | DKNG | $2.2M | 115,740 | -0.02pp | 11q | -0.7%-$15.2K | |
| REDDIT INC | RDDT | $2.2M | 15,250 | -0.01pp | 4q | HELD | |
| NEXTERA ENERGY INC | NEE | $2.0M | 26,450 | flat | 10q | +5.5%+$104.3K | |
| ABBOTT LABORATORIES | ABT | $1.9M | 19,049 | flat | 32q | HELD | |
| SYMBOTIC INC | SYM | $1.9M | 44,160 | flat | 12q | -1.4%-$26.9K | |
| ECOLAB INC | ECL | $1.8M | 6,625 | flat | 32q | +6.0%+$103.0K | |
| AIRBNB INC | ABNB | $1.7M | 10,771 | - | new | NEW | |
| CISCO SYS INC | CSCO | $1.7M | 15,905 | flat | 16q | -1.1%-$19.9K | |
| BLACKSTONE INC | BX | $1.6M | 14,455 | flat | 22q | -2.5%-$42.0K | |
| VULCAN MATLS CO | VMC | $1.4M | 5,655 | -0.01pp | 3q | HELD | |
| UNITY SOFTWARE INC | U | $1.3M | 32,602 | - | new | NEW | |
| WALMART INC | WMT | $1.2M | 12,000 | - | new | NEW | |
| RIVIAN AUTOMOTIVE INC | RIVN | $1.2M | 78,385 | -0.01pp | 18q | -18.6%-$267.4K | |
| KRAKEN ROBOTICS INC F | KRKNF | $1.1M | 353,260 | -0.03pp | 4q | -30.3%-$471.2K | |
| STARBUCKS CORP | SBUX | $980.2K | 10,432 | flat | 32q | HELD | |
| ISHARES TR | DSI | $888.0K | 6,075 | flat | 32q | HELD | |
| ETHOS TECHNOLOGIES INC | LIFE | $720.1K | 21,452 | - | new | NEW | |
| ALLIANZ FDS ALGI TECH INSTL | $656.0K | 4,553 | - | new | NEW | ||
| DISNEY WALT CO | DIS | $533.7K | 5,088 | flat | 32q | -6.2%-$35.1K | |
| AMPRIUS TECHNOLOGIES INC | AMPX | $503.8K | 52,050 | -0.11pp | 3q | -86.4%-$3.2M | |
| ABBVIE INC | ABBV | $503.0K | 1,923 | flat | 20q | HELD | |
| AMERICAN EXPRESS CO | AXP | $486.6K | 1,600 | flat | 24q | HELD | |
| FIGMA INC | FIG | $482.6K | 22,960 | - | new | NEW | |
| ROLLINS INC | ROL | $383.9K | 12,745 | -0.01pp | 2q | -12.8%-$56.5K | |
| MAPLEBEAR INC | CART | $357.4K | 8,288 | - | new | NEW | |
| STATE STR SPDR DOW JONES IND | DIA | $330.6K | 650 | flat | 16q | HELD | |
| DPC HOLDINGS PLC | DPC | $314.8K | 7,450 | - | new | NEW | |
| BROADRIDGE FINL SOLUTIONS IN | BR | $289.2K | 1,795 | flat | 14q | -11.6%-$37.9K | |
| LGI HOMES INC | LGIH | $286.8K | 6,150 | flat | 5q | HELD | |
| L3HARRIS TECHNOLOGIES INC | LHX | $281.3K | 1,188 | - | new | NEW | |
| CARLSMED INC | CARL | $251.9K | 17,900 | flat | 2q | +50.4%+$84.4K | |
| VERIZON COMMUNICATIONS INC | VZ | $235.1K | 5,126 | - | new | NEW | |
| Cashmere Valley Bank | CSHX | $232.0K | 2,585 | - | new | NEW | |
| MERCK & CO INC | MRK | $227.4K | 1,565 | flat | 2q | HELD | |
| FREQUENCY ELECTRS INC | FEIM | $222.3K | 2,630 | - | new | NEW | |
| D R HORTON INC | DHI | $213.9K | 1,565 | flat | 6q | HELD | |
| INSIGHT MOLECULAR DIA INC | IMDX | $79.0K | 22,000 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $1.4B | 32.1% |
| Software & IT Services | $1.4B | 30.9% |
| Computer Hardware | $327.1M | 7.5% |
| Autos & Aerospace | $297.5M | 6.8% |
| Business Services | $184.4M | 4.2% |
| Retail & Consumer | $170.8M | 3.9% |
| Industrials | $121.1M | 2.8% |
| Healthcare Services | $118.9M | 2.7% |
| Construction & Building | $113.9M | 2.6% |
| Other sectors | $165.6M | 3.8% |
| Not classified | $117.7M | 2.7% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +31.3% | +14.8% | +16.5% | 99% |
| Q1 2026 | -12.7% | -4.6% | -8.1% | 100% |
| Q4 2025 | -1.2% | +2.4% | -3.6% | 100% |
| Q3 2025 | +4.9% | +7.8% | -2.9% | 100% |
| Q2 2025 | +30.8% | +10.5% | +20.3% | 100% |
| Q1 2025 | -14.3% | -4.6% | -9.7% | 100% |
| Q4 2024 | +9.3% | +2.1% | +7.1% | 100% |
| Q3 2024 | +5.9% | +5.4% | +0.4% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $4.4B | 118 | 14 | 35 | 43 | 5 | 46.6% | 8 |
| Q2 2026 | $4.4B | 109 | 9 | 28 | 51 | 10 | 44.3% | 16 |
| Q1 2026 | $3.5B | 110 | 10 | 37 | 48 | 5 | 46.2% | 9 |
| Q4 2025 | $4.5B | 105 | 8 | 28 | 47 | 6 | 50.9% | 15 |
| Q3 2025 | $5.1B | 103 | 4 | 27 | 44 | 6 | 52.0% | 9 |
| Q2 2025 | $5.1B | 105 | 9 | 26 | 49 | 5 | 52.2% | 7 |
| Q1 2025 | $4.1B | 101 | 4 | 16 | 57 | 4 | 51.7% | 42 |
| Q4 2024 | $4.9B | 101 | 9 | 23 | 47 | 11 | 54.3% | 42 |
| Q3 2024 | $4.8B | 103 | 6 | 27 | 48 | 5 | 52.1% | 43 |
| Q2 2024 | $4.7B | 102 | 8 | 24 | 54 | 10 | 49.5% | 44 |
| Q1 2024 | $4.7B | 104 | 9 | 28 | 47 | 3 | 49.3% | 37 |
| Q4 2023 | $4.3B | 98 | 4 | 29 | 53 | 7 | 47.3% | 39 |
| Q3 2023 | $3.9B | 101 | 4 | 23 | 45 | 4 | 47.2% | 32 |
| Q2 2023 | $4.2B | 101 | 6 | 25 | 46 | 4 | 47.4% | 40 |
| Q1 2023 | $3.7B | 99 | 7 | 26 | 42 | 5 | 45.0% | 41 |
| Q4 2022 | $3.0B | 97 | 3 | 24 | 56 | 7 | 42.1% | 44 |
| Q3 2022 | $3.5B | 101 | 27 | 64 | 5 | 11 | 44.8% | 45 |
| Q2 2022 | $2.2B | 85 | 7 | 45 | 17 | 7 | 52.0% | 42 |
| Q1 2022 | $3.7B | 85 | 1 | 40 | 33 | 6 | 54.1% | 42 |
| Q4 2021 | $4.8B | 90 | 5 | 45 | 30 | 9 | 53.2% | 42 |
| Q3 2021 | $5.3B | 94 | 4 | 40 | 36 | 5 | 48.1% | 43 |
| Q2 2021 | $5.6B | 95 | 6 | 40 | 41 | 7 | 48.9% | 42 |
| Q1 2021 | $5.3B | 96 | 16 | 46 | 27 | 2 | 49.1% | 42 |
| Q4 2020 | $5.7B | 82 | 8 | 37 | 34 | 8 | 50.2% | 41 |
| Q3 2020 | $5.0B | 82 | 4 | 31 | 42 | 5 | 50.8% | 43 |
| Q2 2020 | $4.2B | 83 | 10 | 36 | 32 | 6 | 50.9% | 43 |
| Q1 2020 | $2.7B | 79 | 5 | 45 | 19 | 8 | 53.4% | 42 |
| Q4 2019 | $2.7B | 82 | 6 | 22 | 47 | 4 | 52.3% | 38 |
| Q3 2019 | $2.6B | 80 | 6 | 25 | 43 | 6 | 50.9% | 39 |
| Q2 2019 | $3.1B | 80 | 8 | 29 | 30 | 6 | 51.8% | 44 |
| Q1 2019 | $2.8B | 78 | 8 | 29 | 32 | 9 | 49.5% | 44 |
| Q4 2018 | $2.3B | 79 | 0 | 0 | 0 | 0 | 49.4% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.