# Gavilan Investment Partners LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1963404. Source: https://holderbook.com/funds/1963404-gavilan-investment-partners-llc/

- Reported value: $410.8M
- Positions: 15
- Weight of the ten largest: 80.7%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $45.3M | 190,000 | 11.0% | 15 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $38.8M | 19,500 | 9.4% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $36.3M | 64,500 | 8.8% | 15 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $36.3M | 76,000 | 8.8% | 1 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $35.1M | 20,700 | 8.6% | 15 |
| CARVANA CO | [CVNA](https://holderbook.com/stocks/CVNA/) | $32.6M | 495,000 | 7.9% | 4 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $28.0M | 61,000 | 6.8% | 15 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $27.5M | 53,500 | 6.7% | 15 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $26.3M | 230,000 | 6.4% | 15 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $25.4M | 1,465,000 | 6.2% | 15 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $21.6M | 63,000 | 5.3% | 15 |
| ROBLOX CORP | [RBLX](https://holderbook.com/stocks/RBLX/) | $16.9M | 310,000 | 4.1% | 2 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $16.6M | 230,000 | 4.0% | 15 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $12.4M | 305,000 | 3.0% | 8 |
| GUIDEWIRE SOFTWARE INC | [GWRE](https://holderbook.com/stocks/GWRE/) | $11.7M | 95,000 | 2.8% | 15 |

## 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 | +2.2% | +14.8% | -12.7% | 100% |
| Q1 2026 | -14.1% | -4.6% | -9.5% | 100% |
| Q4 2025 | -4.4% | +2.4% | -6.8% | 100% |
| Q3 2025 | +3.4% | +7.8% | -4.4% | 100% |
| Q2 2025 | +21.9% | +10.5% | +11.5% | 100% |
| Q1 2025 | +2.6% | -4.6% | +7.1% | 100% |
| Q4 2024 | +3.8% | +2.1% | +1.7% | 100% |
| Q3 2024 | +12.7% | +5.4% | +7.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $410.8M | 15 |
| Q1 2026 | $372.3M | 14 |
| Q4 2025 | $416.4M | 13 |
| Q3 2025 | $447.6M | 13 |
| Q2 2025 | $416.1M | 12 |
| Q1 2025 | $355.5M | 13 |
| Q4 2024 | $360.6M | 13 |
| Q3 2024 | $348.1M | 13 |
| Q2 2024 | $315.0M | 13 |
| Q1 2024 | $307.2M | 13 |
| Q4 2023 | $269.1M | 13 |
| Q3 2023 | $232.1M | 13 |