# Kodai Capital Management LP

> Institutional holdings reported to the SEC as of Q1 2025 on Form 13F. CIK 1999612. Source: https://holderbook.com/funds/1999612-kodai-capital-management-lp/

- Reported value: $2.5B
- Positions: 145
- Weight of the ten largest: 22.9%
- Filed: 2025-05-15

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 |
|---|---|---|---|---|---|
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $88.4M | 3,125,216 | 3.5% | 6 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $67.6M | 68,434 | 2.7% | 1 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $59.7M | 73,160 | 2.4% | 3 |
| MKS INC. | [MKSI](https://holderbook.com/stocks/MKSI/) | $56.7M | 708,021 | 2.2% | 4 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $56.1M | 60,108 | 2.2% | 1 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $55.7M | 508,327 | 2.2% | 1 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $54.4M | 147,504 | 2.2% | 3 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $48.9M | 498,941 | 1.9% | 6 |
| AMBARELLA INC | [AMBA](https://holderbook.com/stocks/AMBA/) | $45.5M | 904,536 | 1.8% | 6 |
| KEYCORP | [KEY](https://holderbook.com/stocks/KEY/) | $45.3M | 2,835,815 | 1.8% | 3 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $44.5M | 72,525 | 1.8% | 3 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $44.5M | 307,831 | 1.8% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $43.1M | 123,032 | 1.7% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $42.8M | 306,356 | 1.7% | 1 |
| ALLEGRO MICROSYSTEMS INC | [ALGM](https://holderbook.com/stocks/ALGM/) | $41.6M | 1,655,806 | 1.6% | 1 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $39.9M | 227,736 | 1.6% | 2 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $37.9M | 473,547 | 1.5% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $37.9M | 199,140 | 1.5% | 2 |
| GUIDEWIRE SOFTWARE INC | [GWRE](https://holderbook.com/stocks/GWRE/) | $37.3M | 199,059 | 1.5% | 3 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $37.2M | 508,081 | 1.5% | 1 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $36.8M | 505,987 | 1.5% | 1 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $34.6M | 148,168 | 1.4% | 2 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $33.9M | 196,388 | 1.3% | 1 |
| COMERICA INC | [CMA](https://holderbook.com/stocks/CMA/) | $32.9M | 556,455 | 1.3% | 1 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $32.1M | 400,113 | 1.3% | 1 |
| FIRST HORIZON CORPORATION | [FHN](https://holderbook.com/stocks/FHN/) | $31.6M | 1,629,143 | 1.3% | 3 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $31.5M | 129,428 | 1.2% | 2 |
| ATLASSIAN CORPORATION | [TEAM](https://holderbook.com/stocks/TEAM/) | $30.3M | 142,882 | 1.2% | 3 |
| VERISIGN INC | [VRSN](https://holderbook.com/stocks/VRSN/) | $29.3M | 115,251 | 1.2% | 2 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $28.8M | 108,721 | 1.1% | 2 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $28.7M | 254,642 | 1.1% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $28.3M | 195,034 | 1.1% | 1 |
| DRAFTKINGS INC NEW | [DKNG](https://holderbook.com/stocks/DKNG/) | $27.3M | 823,112 | 1.1% | 3 |
| HUBSPOT INC | [HUBS](https://holderbook.com/stocks/HUBS/) | $26.8M | 46,950 | 1.1% | 6 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $26.1M | 223,497 | 1.0% | 1 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $25.9M | 164,701 | 1.0% | 1 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $25.8M | 117,166 | 1.0% | 6 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $25.6M | 354,598 | 1.0% | 1 |
| AFFIRM HLDGS INC | [AFRM](https://holderbook.com/stocks/AFRM/) | $25.4M | 562,889 | 1.0% | 4 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $24.6M | 452,167 | 1.0% | 4 |
| OLD NATL BANCORP IND | [ONB](https://holderbook.com/stocks/ONB/) | $23.6M | 1,113,688 | 0.9% | 2 |
| CACI INTL INC | [CACI](https://holderbook.com/stocks/CACI/) | $23.3M | 63,464 | 0.9% | 1 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $23.1M | 232,564 | 0.9% | 1 |
| WIX COM LTD | [WIX](https://holderbook.com/stocks/WIX/) | $22.5M | 137,901 | 0.9% | 1 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $22.5M | 546,670 | 0.9% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $22.5M | 91,534 | 0.9% | 2 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $20.6M | 140,258 | 0.8% | 1 |
| TKO GROUP HOLDINGS INC | [TKO](https://holderbook.com/stocks/TKO/) | $20.1M | 131,537 | 0.8% | 5 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $20.1M | 34,506 | 0.8% | 3 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $20.0M | 63,964 | 0.8% | 1 |
| WYNN RESORTS LTD | [WYNN](https://holderbook.com/stocks/WYNN/) | $20.0M | 239,031 | 0.8% | 3 |
| TEGNA INC | [TGNA](https://holderbook.com/stocks/TGNA/) | $19.6M | 1,077,617 | 0.8% | 3 |
| WYNDHAM HOTELS & RESORTS INC | [WH](https://holderbook.com/stocks/WH/) | $19.3M | 213,445 | 0.8% | 3 |
| CAVA GROUP INC | [CAVA](https://holderbook.com/stocks/CAVA/) | $19.2M | 222,101 | 0.8% | 2 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $18.5M | 139,909 | 0.7% | 1 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $18.2M | 109,974 | 0.7% | 3 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $17.7M | 114,657 | 0.7% | 1 |
| VALLEY NATL BANCORP | [VLY](https://holderbook.com/stocks/VLY/) | $17.1M | 1,922,147 | 0.7% | 2 |
| HENRY JACK & ASSOC INC | [JKHY](https://holderbook.com/stocks/JKHY/) | $17.0M | 93,302 | 0.7% | 2 |
| RESTAURANT BRANDS INTL INC | [QSR](https://holderbook.com/stocks/QSR/) | $17.0M | 255,563 | 0.7% | 1 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $17.0M | 521,780 | 0.7% | 1 |
| BANKUNITED INC | [BKU](https://holderbook.com/stocks/BKU/) | $17.0M | 493,194 | 0.7% | 1 |
| MARKETAXESS HLDGS INC | [MKTX](https://holderbook.com/stocks/MKTX/) | $16.9M | 77,944 | 0.7% | 4 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $16.8M | 234,311 | 0.7% | 2 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $16.4M | 196,309 | 0.6% | 4 |
| SEMTECH CORP | [SMTC](https://holderbook.com/stocks/SMTC/) | $15.4M | 446,629 | 0.6% | 6 |
| SHIFT4 PMTS INC | [FOUR](https://holderbook.com/stocks/FOUR/) | $14.3M | 174,749 | 0.6% | 1 |
| MATTEL INC | [MAT](https://holderbook.com/stocks/MAT/) | $14.1M | 723,624 | 0.6% | 2 |
| PENN ENTERTAINMENT INC | [PENN](https://holderbook.com/stocks/PENN/) | $13.8M | 846,333 | 0.5% | 2 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $13.6M | 141,581 | 0.5% | 1 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $13.3M | 1,293,955 | 0.5% | 1 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $13.2M | 49,252 | 0.5% | 5 |
| WOODWARD INC | [WWD](https://holderbook.com/stocks/WWD/) | $13.1M | 71,536 | 0.5% | 1 |
| FLOWSERVE CORP | [FLS](https://holderbook.com/stocks/FLS/) | $12.5M | 254,946 | 0.5% | 1 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $12.2M | 27,367 | 0.5% | 1 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $11.8M | 65,801 | 0.5% | 1 |
| HEXCEL CORP NEW | [HXL](https://holderbook.com/stocks/HXL/) | $11.5M | 210,206 | 0.5% | 1 |
| ALLY FINL INC | [ALLY](https://holderbook.com/stocks/ALLY/) | $11.1M | 303,175 | 0.4% | 1 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $11.0M | 1,023,033 | 0.4% | 3 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $10.6M | 171,771 | 0.4% | 1 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $9.9M | 29,446 | 0.4% | 1 |
| LIBERTY MEDIA CORP DEL | [LLYVKXXXX](https://holderbook.com/stocks/LLYVKXXXX/) | $9.8M | 143,614 | 0.4% | 4 |
| NEUROCRINE BIOSCIENCES INC | [NBIX](https://holderbook.com/stocks/NBIX/) | $9.5M | 85,958 | 0.4% | 1 |
| SWEETGREEN INC | [SG](https://holderbook.com/stocks/SG/) | $9.3M | 371,787 | 0.4% | 1 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $9.1M | 122,418 | 0.4% | 1 |
| WEX INC | [WEX](https://holderbook.com/stocks/WEX/) | $9.1M | 57,958 | 0.4% | 1 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $8.7M | 48,794 | 0.3% | 2 |
| CINEMARK HLDGS INC | [CNK](https://holderbook.com/stocks/CNK/) | $8.5M | 340,109 | 0.3% | 1 |
| ROCKET COS INC | [RKT](https://holderbook.com/stocks/RKT/) | $8.5M | 700,703 | 0.3% | 1 |
| CCC INTELLIGENT SOLUTIONS HL | [CCC](https://holderbook.com/stocks/CCC/) | $8.0M | 885,101 | 0.3% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.3M | 67,540 | 0.3% | 2 |
| MGM RESORTS INTERNATIONAL | [MGM](https://holderbook.com/stocks/MGM/) | $7.1M | 238,936 | 0.3% | 1 |
| OSHKOSH CORP | [OSK](https://holderbook.com/stocks/OSK/) | $7.1M | 75,225 | 0.3% | 1 |
| FOX CORP | [FOX](https://holderbook.com/stocks/FOX/) | $7.0M | 133,065 | 0.3% | 3 |
| STANDARDAERO INC | [SARO](https://holderbook.com/stocks/SARO/) | $6.7M | 250,860 | 0.3% | 2 |
| STMICROELECTRONICS N V | [STM](https://holderbook.com/stocks/STM/) | $6.7M | 303,258 | 0.3% | 1 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $6.4M | 97,686 | 0.3% | 1 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $6.3M | 120,079 | 0.2% | 1 |
| EURONET WORLDWIDE INC | [EEFT](https://holderbook.com/stocks/EEFT/) | $5.9M | 55,316 | 0.2% | 2 |
| EPAM SYS INC | [EPAM](https://holderbook.com/stocks/EPAM/) | $5.9M | 34,964 | 0.2% | 2 |

## 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 |
|---|---|---|---|---|
| Q1 2025 | -6.7% | -4.6% | -2.2% | 100% |
| Q4 2024 | +9.3% | +2.1% | +7.1% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.6% | 100% |
| Q2 2024 | -1.8% | +4.0% | -5.9% | 100% |
| Q1 2024 | +8.0% | +10.0% | -2.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2025 | $2.5B | 145 |
| Q4 2024 | $2.4B | 106 |
| Q3 2024 | $4.8B | 162 |
| Q2 2024 | $5.3B | 121 |
| Q1 2024 | $4.3B | 102 |
| Q4 2023 | $4.9B | 106 |