# Nicholas Investment Partners, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1389574. Source: https://holderbook.com/funds/1389574-nicholas-investment-partners-lp/

- Reported value: $1.8B
- Positions: 204
- Weight of the ten largest: 17.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BWX TECHNOLOGIES INC | [BWXT](https://holderbook.com/stocks/BWXT/) | $53.0M | 272,395 | 3.0% | 12 |
| REVOLUTION MEDICINES INC | [RVMD](https://holderbook.com/stocks/RVMD/) | $45.8M | 244,594 | 2.6% | 9 |
| CALLAWAY GOLF CO | [CALY](https://holderbook.com/stocks/CALY/) | $36.7M | 1,954,378 | 2.1% | 2 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $29.7M | 111,261 | 1.7% | 4 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $26.9M | 43,653 | 1.5% | 6 |
| LINCOLN EDL SVCS CORP | [LINC](https://holderbook.com/stocks/LINC/) | $26.5M | 531,935 | 1.5% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $25.3M | 126,682 | 1.4% | 27 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $25.3M | 30,120 | 1.4% | 2 |
| AXSOME THERAPEUTICS INC | [AXSM](https://holderbook.com/stocks/AXSM/) | $24.2M | 98,974 | 1.4% | 8 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $24.1M | 20,532 | 1.4% | 9 |
| XENON PHARMACEUTICALS INC | [XENE](https://holderbook.com/stocks/XENE/) | $23.9M | 395,844 | 1.3% | 8 |
| BRIDGEBIO PHARMA INC | [BBIO](https://holderbook.com/stocks/BBIO/) | $23.2M | 311,494 | 1.3% | 8 |
| LATTICE SEMICONDUCTOR CORP | [LSCC](https://holderbook.com/stocks/LSCC/) | $22.4M | 146,318 | 1.3% | 28 |
| KONTOOR BRANDS INC | [KTB](https://holderbook.com/stocks/KTB/) | $21.8M | 261,117 | 1.2% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $21.5M | 44,929 | 1.2% | 26 |
| SEAGATE HDD CAYMAN | - | $21.2M | 1,820,000 | 1.2% | 8 |
| WINTRUST FINL CORP | [WTFC](https://holderbook.com/stocks/WTFC/) | $20.9M | 130,326 | 1.2% | 11 |
| SITIME CORP | [SITM](https://holderbook.com/stocks/SITM/) | $20.5M | 27,562 | 1.2% | 3 |
| TFI INTERNATIONAL INC | [TFII](https://holderbook.com/stocks/TFII/) | $20.3M | 141,226 | 1.1% | 5 |
| MIRUM PHARMACEUTICALS INC | [MIRM](https://holderbook.com/stocks/MIRM/) | $20.2M | 172,695 | 1.1% | 8 |
| ENLIVEN THERAPEUTICS INC | [ELVN](https://holderbook.com/stocks/ELVN/) | $19.9M | 391,529 | 1.1% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $19.8M | 52,405 | 1.1% | 17 |
| SPHERE ENTERTAINMENT CO | [SPHR](https://holderbook.com/stocks/SPHR/) | $19.8M | 114,396 | 1.1% | 4 |
| DIANTHUS THERAPEUTICS INC | [DNTH](https://holderbook.com/stocks/DNTH/) | $18.2M | 186,769 | 1.0% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $17.9M | 75,046 | 1.0% | 29 |
| CYTOKINETICS INC | [CYTK](https://holderbook.com/stocks/CYTK/) | $17.8M | 209,071 | 1.0% | 4 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $17.7M | 173,899 | 1.0% | 19 |
| ADVANCED ENERGY INDS | [AEIS](https://holderbook.com/stocks/AEIS/) | $17.0M | 45,677 | 1.0% | 2 |
| TANGER INC | [SKT](https://holderbook.com/stocks/SKT/) | $17.0M | 430,134 | 1.0% | 13 |
| RUSH STREET INTERACTIVE INC | [RSI](https://holderbook.com/stocks/RSI/) | $16.8M | 564,544 | 0.9% | 7 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $16.8M | 12,129 | 0.9% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $16.7M | 55,492 | 0.9% | 31 |
| POWELL INDS INC | [POWL](https://holderbook.com/stocks/POWL/) | $16.7M | 58,444 | 0.9% | 4 |
| ONCE UPON A FARM PBC | [OFRM](https://holderbook.com/stocks/OFRM/) | $16.1M | 784,166 | 0.9% | 2 |
| RHYTHM PHARMACEUTICALS INC | [RYTM](https://holderbook.com/stocks/RYTM/) | $15.5M | 139,270 | 0.9% | 1 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $15.2M | 56,344 | 0.9% | 9 |
| ROIVANT SCIENCES LTD | [ROIV](https://holderbook.com/stocks/ROIV/) | $14.8M | 419,280 | 0.8% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $14.4M | 105,500 | 0.8% | 22 |
| LIFE TIME GROUP HOLDINGS INC | [LTH](https://holderbook.com/stocks/LTH/) | $14.2M | 348,728 | 0.8% | 1 |
| PAR PAC HOLDINGS INC | [PARR](https://holderbook.com/stocks/PARR/) | $14.1M | 250,545 | 0.8% | 5 |
| MACOM TECH SOLUTIONS HLDGS I | [MTSI](https://holderbook.com/stocks/MTSI/) | $13.7M | 36,127 | 0.8% | 5 |
| WESTERN DIGITAL CORP | - | $13.7M | 815,000 | 0.8% | 7 |
| SEMTECH CORP | [SMTC](https://holderbook.com/stocks/SMTC/) | $13.7M | 84,478 | 0.8% | 3 |
| BOEING CO | [BAPRA](https://holderbook.com/stocks/BAPRA/) | $13.6M | 200,750 | 0.8% | 7 |
| NEXTERA ENERGY CAP HLDGS INC | - | $13.5M | 10,245,000 | 0.8% | 6 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $13.1M | 13,000 | 0.7% | 23 |
| XPO INC | [XPO](https://holderbook.com/stocks/XPO/) | $13.1M | 63,583 | 0.7% | 13 |
| HAPPEN INC | [HAPN](https://holderbook.com/stocks/HAPN/) | $12.9M | 624,366 | 0.7% | 4 |
| GUARDANT HEALTH INC | - | $12.4M | 4,955,000 | 0.7% | 6 |
| MACOM TECH SOLUTIONS HLDGS I | - | $12.4M | 5,400,000 | 0.7% | 2 |
| MADDEN STEVEN LTD | [SHOO](https://holderbook.com/stocks/SHOO/) | $12.2M | 290,447 | 0.7% | 3 |
| PLANET LABS PBC | [PL](https://holderbook.com/stocks/PL/) | $11.8M | 355,366 | 0.7% | 6 |
| ON SEMICONDUCTOR CORP | - | $11.7M | 6,450,000 | 0.7% | 5 |
| ASTRONICS CORP | [ATRO](https://holderbook.com/stocks/ATRO/) | $11.7M | 144,186 | 0.7% | 1 |
| ONTO INNOVATION INC | [ONTO](https://holderbook.com/stocks/ONTO/) | $11.3M | 29,952 | 0.6% | 3 |
| ARGAN INC | [AGX](https://holderbook.com/stocks/AGX/) | $11.3M | 14,190 | 0.6% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $11.0M | 31,202 | 0.6% | 26 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $11.0M | 49,290 | 0.6% | 11 |
| FLOWSERVE CORP | [FLS](https://holderbook.com/stocks/FLS/) | $11.0M | 148,207 | 0.6% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $10.5M | 24,295 | 0.6% | 7 |
| YETI HLDGS INC | [YETI](https://holderbook.com/stocks/YETI/) | $10.5M | 211,422 | 0.6% | 1 |
| UBER TECHNOLOGIES INC | - | $10.2M | 8,540,000 | 0.6% | 7 |
| ASCENDIS PHARMA A/S | [ASND](https://holderbook.com/stocks/ASND/) | $10.2M | 38,160 | 0.6% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $10.1M | 177,313 | 0.6% | 11 |
| BRIDGEBIO PHARMA INC | - | $10.1M | 6,000,000 | 0.6% | 2 |
| CHEFS WHSE INC | [CHEF](https://holderbook.com/stocks/CHEF/) | $10.0M | 104,457 | 0.6% | 2 |
| VIAVI SOLUTIONS INC | [VIAV](https://holderbook.com/stocks/VIAV/) | $10.0M | 210,181 | 0.6% | 3 |
| NOVA LTD | [NVMI](https://holderbook.com/stocks/NVMI/) | $9.9M | 18,249 | 0.6% | 8 |
| EVERUS CONSTR GROUP | [ECG](https://holderbook.com/stocks/ECG/) | $9.7M | 58,415 | 0.5% | 1 |
| LINDBLAD EXPEDITIONS HLDGS I | [LIND](https://holderbook.com/stocks/LIND/) | $9.6M | 339,499 | 0.5% | 6 |
| CLOUDFLARE INC | - | $9.5M | 7,500,000 | 0.5% | 1 |
| CONSTRUCTION PARTNERS INC | [ROAD](https://holderbook.com/stocks/ROAD/) | $9.4M | 79,292 | 0.5% | 4 |
| CAVA GROUP INC | [CAVA](https://holderbook.com/stocks/CAVA/) | $9.4M | 119,882 | 0.5% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $9.4M | 31,435 | 0.5% | 4 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $9.1M | 123,075 | 0.5% | 8 |
| CENTURY ALUM CO | [CENX](https://holderbook.com/stocks/CENX/) | $9.1M | 197,999 | 0.5% | 3 |
| AFFIRM HLDGS INC | - | $8.9M | 7,600,000 | 0.5% | 3 |
| FABRINET | [FN](https://holderbook.com/stocks/FN/) | $8.6M | 15,324 | 0.5% | 8 |
| ULTRA CLEAN HLDGS INC | [UCTT](https://holderbook.com/stocks/UCTT/) | $8.6M | 60,338 | 0.5% | 2 |
| COHU INC | [COHU](https://holderbook.com/stocks/COHU/) | $8.0M | 108,413 | 0.5% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $7.9M | 6,861 | 0.4% | 1 |
| VAXCYTE INC | [PCVX](https://holderbook.com/stocks/PCVX/) | $7.6M | 131,133 | 0.4% | 1 |
| NEXTPOWER INC | [NXT](https://holderbook.com/stocks/NXT/) | $7.6M | 63,774 | 0.4% | 2 |
| PALVELLA THERAPEUTICS INC NE | [PVLA](https://holderbook.com/stocks/PVLA/) | $7.6M | 49,718 | 0.4% | 2 |
| RYMAN HOSPITALITY PPTYS INC | [RHP](https://holderbook.com/stocks/RHP/) | $7.6M | 58,970 | 0.4% | 1 |
| VICTORIAS SECRET AND CO | [VSXY](https://holderbook.com/stocks/VSXY/) | $7.5M | 90,440 | 0.4% | 1 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $7.5M | 80,352 | 0.4% | 2 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $7.5M | 5,633 | 0.4% | 14 |
| PIPER SANDLER COMPANIES | [PIPR](https://holderbook.com/stocks/PIPR/) | $7.5M | 103,379 | 0.4% | 2 |
| MOOG INC | [MOGA](https://holderbook.com/stocks/MOGA/) | $7.3M | 17,163 | 0.4% | 1 |
| MIRUM PHARMACEUTICALS INC | - | $7.2M | 1,950,000 | 0.4% | 9 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $7.2M | 55,154 | 0.4% | 2 |
| MAXLINEAR INC | [MXL](https://holderbook.com/stocks/MXL/) | $7.2M | 55,961 | 0.4% | 1 |
| BURLINGTON STORES INC | - | $7.2M | 4,500,000 | 0.4% | 8 |
| SEACOAST BKG CORP FLA | [SBCF](https://holderbook.com/stocks/SBCF/) | $7.1M | 215,015 | 0.4% | 5 |
| RAMBUS INC DEL | [RMBS](https://holderbook.com/stocks/RMBS/) | $7.1M | 53,368 | 0.4% | 4 |
| LIBERTY MEDIA CORP DEL | - | $7.0M | 5,690,000 | 0.4% | 12 |
| APPLIED OPTOELECTRONICS INC | [AAOI](https://holderbook.com/stocks/AAOI/) | $6.7M | 45,060 | 0.4% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $6.6M | 40,000 | 0.4% | 23 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $6.6M | 15,634 | 0.4% | 17 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +23.8% | +14.8% | +9.0% | 89% |
| Q1 2026 | +1.6% | -4.6% | +6.2% | 88% |
| Q4 2025 | +3.1% | +2.4% | +0.7% | 88% |
| Q3 2025 | +12.3% | +7.8% | +4.5% | 90% |
| Q2 2025 | +17.1% | +10.5% | +6.7% | 90% |
| Q1 2025 | -11.5% | -4.6% | -7.0% | 91% |
| Q4 2024 | +0.9% | +2.1% | -1.2% | 90% |
| Q3 2024 | +5.2% | +5.4% | -0.3% | 89% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.8B | 204 |
| Q1 2026 | $1.4B | 205 |
| Q4 2025 | $1.4B | 205 |
| Q3 2025 | $1.3B | 211 |
| Q2 2025 | $1.1B | 211 |
| Q1 2025 | $971.1M | 192 |
| Q4 2024 | $1.1B | 220 |
| Q3 2024 | $1.1B | 218 |
| Q2 2024 | $963.9M | 195 |
| Q1 2024 | $976.3M | 201 |
| Q4 2023 | $854.6M | 192 |
| Q3 2023 | $1.3B | 184 |