NZS Capital, LLC
Net buyer this quarter
$3.86B
61
+$35.5M
42.5%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 GOOG | $297M | 7.71% | Not reported | +10.6% | Q2 2021 |
 LRCX | $232M | 6.01% | 0.04% | -6.8% | Q2 2021 |
 CDNS | $189M | 4.91% | 0.18% | -4.3% | Q2 2021 |
 APH | $181M | 4.68% | 0.08% | +35.0% | Q2 2021 |
 NVDA | $162M | 4.21% | 0.00% | +135.6% | Q2 2021 |
 TXN | $148M | 3.83% | 0.05% | -7.2% | Q2 2021 |
 KLAC | $119M | 3.10% | 0.03% | -8.4% | Q2 2021 |
 ROP | $108M | 2.80% | 0.32% | +10.3% | Q2 2024 |
 PGR | $106M | 2.74% | 0.08% | +1.0% | Q4 2022 |
 TT | $97.8M | 2.54% | 0.09% | +1.0% | Q3 2021 |
 URI | $97.4M | 2.53% | 0.14% | -6.9% | Q4 2022 |
 LIN | $94.5M | 2.45% | 0.04% | -20.9% | Q3 2022 |
 DHR | $91M | 2.36% | 0.07% | -14.5% | Q2 2022 |
 AJG | $89.4M | 2.32% | 0.15% | +5.6% | Q4 2025 |
 ISRG | $86.8M | 2.25% | 0.06% | +37.2% | Q2 2021 |
 PWR | $86.2M | 2.24% | 0.08% | +22.9% | Q2 2025 |
 SYK | $81.4M | 2.11% | 0.07% | +10.9% | Q1 2026 |
 ARM | $81.3M | 2.11% | 0.02% | -50.9% | Q2 2024 |
 SHOP | $80.4M | 2.08% | 0.18% | +27.9% | Q2 2021 |
 SNOW | $76.1M | 1.97% | 0.09% | -9.9% | Q4 2024 |
 MRVL | $72.8M | 1.89% | 0.03% | -47.2% | Q1 2025 |
 DASH | $67.2M | 1.74% | Not reported | +52.9% | Q1 2023 |
 IR | $64.9M | 1.68% | 0.20% | -12.8% | Q2 2025 |
 AXON | $64.1M | 1.66% | 0.14% | +54.4% | Q2 2023 |
 WDAY | $60.9M | 1.58% | 0.23% | -6.4% | Q2 2021 |
 MELI | $58.5M | 1.52% | 0.07% | +15.9% | Q2 2021 |
 LSCC | $54.7M | 1.42% | 0.26% | -36.6% | Q2 2022 |
 HEI | $54.5M | 1.41% | 0.28% | -5.8% | Q2 2024 |
 HEI.A | $53.1M | 1.38% | Not reported | +1.0% | Q2 2024 |
 AAPL | $48.9M | 1.27% | 0.00% | -8.5% | Q2 2021 |
 TYL | $47.7M | 1.24% | 0.34% | -17.8% | Q2 2021 |
 TOST | $44.8M | 1.16% | 0.73% | +9.1% | Q3 2022 |
 GLBE | $39.8M | 1.03% | 0.68% | +17.1% | Q1 2024 |
 FROG | $39.4M | 1.02% | 0.35% | -19.8% | Q4 2025 |
 NU | $38.8M | 1.01% | Not reported | -7.6% | Q3 2023 |
 UBER | $37.7M | 0.98% | 0.03% | -29.8% | Q4 2023 |
 SAIL | $37M | 0.96% | 0.45% | +9.6% | Q2 2021 |
 CRWD | $36.4M | 0.94% | 0.02% | +362.5% | Q3 2021 |
 MPWR | $35.3M | 0.92% | 0.05% | -4.3% | Q3 2025 |
 NET | $33.5M | 0.87% | Not reported | -0.4% | Q2 2021 |
 ON | $31.7M | 0.82% | 0.09% | Not reported | Q2 2021 |
 TEAM | $31.6M | 0.82% | Not reported | +10.8% | Q4 2024 |
 RGEN | $28M | 0.73% | 0.36% | +1.0% | Q2 2023 |
 DSGX | $27.6M | 0.72% | 0.46% | New | Q2 2026 |
 DDOG | $23.2M | 0.60% | 0.11% | New | Q2 2026 |
 ADI | $23.1M | 0.60% | 0.01% | -17.1% | Q3 2025 |
 RDDT | $21.9M | 0.57% | Not reported | +31.2% | Q1 2025 |
 LITE | $19.5M | 0.51% | 0.03% | New | Q2 2026 |
 HTFL | $19.2M | 0.50% | 0.76% | +126.1% | Q4 2025 |
 MSFT | $18.9M | 0.49% | 0.00% | -32.9% | Q2 2021 |
| Q1 2026 | |||||
| GOOG | $218M | 7.28% | Not reported | -6.7% | Q2 2021 |
| CDNS | $147M | 4.89% | 0.19% | +12.3% | Q2 2021 |
| LRCX | $123M | 4.09% | 0.05% | -22.4% | Q2 2021 |
| LIN | $114M | 3.81% | 0.05% | -5.8% | Q3 2022 |
| DHR | $106M | 3.53% | 0.08% | -11.5% | Q2 2022 |
| TXN | $104M | 3.46% | 0.06% | +2.2% | Q2 2021 |
| ROP | $102M | 3.41% | 0.28% | +27.8% | Q2 2024 |
| APH | $95.9M | 3.20% | 0.06% | +56.2% | Q2 2021 |
| PGR | $95.1M | 3.17% | 0.08% | +2.4% | Q4 2022 |
| TT | $82.2M | 2.74% | 0.09% | +2.3% | Q3 2021 |
| AJG | $79.9M | 2.67% | 0.14% | +60.6% | Q4 2025 |
| SYK | $76.6M | 2.55% | 0.06% | New | Q1 2026 |
| ISRG | $73.3M | 2.45% | 0.04% | +43.3% | Q2 2021 |
| IR | $72.7M | 2.43% | 0.23% | -7.6% | Q2 2025 |
| ARM | $70.7M | 2.36% | 0.04% | +13.5% | Q2 2024 |
| WDAY | $69.1M | 2.31% | 0.24% | +8.9% | Q2 2021 |
| TYL | $68M | 2.27% | 0.41% | +508.4% | Q2 2021 |
| URI | $67.3M | 2.24% | 0.15% | +2.4% | Q4 2022 |
| SHOP | $65.3M | 2.18% | 0.14% | +45.1% | Q2 2021 |
| KLAC | $63.6M | 2.12% | 0.03% | -7.8% | Q2 2021 |
| NVDA | $60M | 2.00% | 0.00% | +17.0% | Q2 2021 |
| PWR | $53.5M | 1.78% | 0.06% | -5.7% | Q2 2025 |
| UBER | $53.5M | 1.78% | 0.04% | +2.7% | Q4 2023 |
| LSCC | $52.3M | 1.75% | 0.41% | +2.3% | Q2 2022 |
| MELI | $51.4M | 1.72% | 0.06% | +28.0% | Q2 2021 |
| SNOW | $50M | 1.67% | 0.10% | +33.5% | Q4 2024 |
| AAPL | $46.8M | 1.56% | 0.00% | -11.7% | Q2 2021 |
| MRVL | $45.9M | 1.53% | 0.05% | +10.2% | Q1 2025 |
| NU | $45.1M | 1.51% | Not reported | +2.4% | Q3 2023 |
| HEI | $44.5M | 1.49% | 0.29% | +43.1% | Q2 2024 |
| HEI.A | $43.1M | 1.44% | Not reported | +2.2% | Q2 2024 |
| TOST | $39.1M | 1.30% | 0.67% | +13.8% | Q3 2022 |
 SNPS | $38.6M | 1.29% | 0.05% | +2.0% | Q3 2025 |
| DASH | $35.7M | 1.19% | Not reported | +68.8% | Q1 2023 |
| AXON | $31.5M | 1.05% | 0.09% | +35.3% | Q2 2023 |
| SAIL | $30.6M | 1.02% | 0.41% | +17.8% | Q2 2021 |
| GLBE | $30.2M | 1.01% | 0.58% | +2.2% | Q1 2024 |
| MPWR | $29.2M | 0.97% | 0.05% | +1.8% | Q3 2025 |
 CSGP | $28.6M | 0.95% | 0.17% | +60.7% | Q4 2021 |
| NET | $28.3M | 0.94% | Not reported | +28.7% | Q2 2021 |
| MSFT | $28M | 0.93% | 0.00% | +2.0% | Q2 2021 |
| FROG | $25.4M | 0.85% | 0.45% | +128.8% | Q4 2025 |
| TEAM | $25M | 0.83% | Not reported | +29.2% | Q4 2024 |
 Z | $24.2M | 0.81% | Not reported | +51.2% | Q2 2021 |
| RGEN | $23.9M | 0.80% | 0.36% | +2.2% | Q2 2023 |
 PEN | $22.7M | 0.76% | 0.18% | -36.5% | Q3 2024 |
| ADI | $22.4M | 0.75% | 0.01% | +2.0% | Q3 2025 |
 AFRM | $16.8M | 0.56% | 0.62% | +1.8% | Q2 2021 |
 AMT | $15.8M | 0.53% | 0.02% | -85.2% | Q3 2024 |
 COIN | $15.1M | 0.51% | 0.03% | +2.0% | Q4 2024 |
| Q4 2025 | |||||
| GOOG | $256M | 7.85% | Not reported | -8.5% | Q2 2021 |
| CDNS | $147M | 4.50% | 0.17% | -8.4% | Q2 2021 |
| DHR | $144M | 4.43% | 0.09% | +28.5% | Q2 2022 |
| LRCX | $127M | 3.88% | 0.06% | -31.0% | Q2 2021 |
| AMT | $109M | 3.35% | 0.13% | +41.2% | Q3 2024 |
| PGR | $107M | 3.27% | 0.08% | -6.4% | Q4 2022 |
| WDAY | $105M | 3.22% | 0.22% | +20.5% | Q2 2021 |
| LIN | $104M | 3.20% | 0.05% | +27.4% | Q3 2022 |
| ROP | $101M | 3.09% | 0.21% | +3.4% | Q2 2024 |
| TXN | $90.6M | 2.78% | 0.06% | +4.6% | Q2 2021 |
| IR | $77.8M | 2.39% | 0.25% | +10.0% | Q2 2025 |
 IT | $76M | 2.33% | 0.42% | +16.8% | Q3 2025 |
| TT | $75M | 2.30% | 0.09% | +48.2% | Q3 2021 |
| URI | $73M | 2.24% | 0.14% | -5.4% | Q4 2022 |
| APH | $65.7M | 2.01% | 0.04% | -44.9% | Q2 2021 |
| ISRG | $62.9M | 1.93% | 0.03% | +0.9% | Q2 2021 |
| SHOP | $61.1M | 1.87% | 0.10% | -39.9% | Q2 2021 |
| AJG | $59.4M | 1.82% | 0.09% | New | Q4 2025 |
| UBER | $59.2M | 1.82% | 0.04% | +46.1% | Q4 2023 |
| KLAC | $56.9M | 1.74% | 0.04% | -1.5% | Q2 2021 |
| AAPL | $56.8M | 1.74% | 0.00% | +29.6% | Q2 2021 |
 PCOR | $56.2M | 1.72% | 0.51% | +3.0% | Q2 2022 |
| NVDA | $54.9M | 1.68% | 0.00% | -12.6% | Q2 2021 |
| SNOW | $54.5M | 1.67% | 0.07% | +0.6% | Q4 2024 |
| NU | $51.3M | 1.57% | Not reported | +0.9% | Q3 2023 |
| HEI.A | $50.4M | 1.55% | Not reported | +1.0% | Q2 2024 |
| MELI | $46.8M | 1.44% | 0.05% | +8.5% | Q2 2021 |
| TOST | $46M | 1.41% | 0.59% | +0.8% | Q3 2022 |
| TEAM | $46M | 1.41% | Not reported | +34.3% | Q4 2024 |
| ARM | $45M | 1.38% | 0.04% | -8.1% | Q2 2024 |
| SNPS | $44.9M | 1.38% | 0.05% | +0.7% | Q3 2025 |
| PWR | $43.6M | 1.34% | 0.07% | +1.2% | Q2 2025 |
| LSCC | $40.6M | 1.24% | 0.40% | -17.9% | Q2 2022 |
| SAIL | $39.6M | 1.22% | 0.35% | +12.2% | Q2 2021 |
 TTAN | $38.6M | 1.18% | 1.02% | +6.0% | Q4 2024 |
| GLBE | $37.7M | 1.16% | 0.57% | +0.8% | Q1 2024 |
| HEI | $36.7M | 1.13% | 0.21% | +1.0% | Q2 2024 |
| MSFT | $35.8M | 1.10% | 0.00% | Not reported | Q2 2021 |
| MRVL | $35.7M | 1.10% | 0.05% | -18.8% | Q1 2025 |
| PEN | $33.8M | 1.04% | 0.28% | +24.8% | Q3 2024 |
| RGEN | $32.6M | 1.00% | 0.35% | +1.0% | Q2 2023 |
| DASH | $31.9M | 0.98% | Not reported | +29.9% | Q1 2023 |
| AXON | $31.1M | 0.95% | 0.07% | +92.9% | Q2 2023 |
| CSGP | $29.7M | 0.91% | 0.11% | +18.2% | Q4 2021 |
| AFRM | $26.8M | 0.82% | 0.61% | +0.9% | Q2 2021 |
| Z | $26.4M | 0.81% | Not reported | +19.8% | Q2 2021 |
 CGNX | $24.9M | 0.76% | 0.41% | +1.0% | Q4 2022 |
| MPWR | $23.8M | 0.73% | 0.05% | +0.8% | Q3 2025 |
 NOW | $21.9M | 0.67% | 0.01% | +7.7% | Q4 2022 |
| RDDT | $21.6M | 0.66% | Not reported | +0.9% | Q1 2025 |
| Q3 2025 | |||||
| GOOG | $217M | 6.65% | Not reported | -8.7% | Q2 2021 |
| CDNS | $180M | 5.52% | 0.19% | -3.0% | Q2 2021 |
| LRCX | $143M | 4.39% | 0.09% | +1.6% | Q2 2021 |
| PGR | $124M | 3.79% | 0.09% | +22.6% | Q4 2022 |
| APH | $109M | 3.34% | 0.07% | -33.3% | Q2 2021 |
| ROP | $109M | 3.34% | 0.20% | +50.2% | Q2 2024 |
| WDAY | $97.6M | 2.99% | 0.18% | Not reported | Q2 2021 |
| DHR | $97.3M | 2.98% | 0.07% | +27.9% | Q2 2022 |
| SHOP | $93.8M | 2.87% | 0.16% | +3.7% | Q2 2021 |
| TXN | $91.7M | 2.81% | 0.05% | +14.5% | Q2 2021 |
| LIN | $91.1M | 2.79% | 0.04% | +25.1% | Q3 2022 |
| URI | $91M | 2.79% | 0.15% | -13.8% | Q4 2022 |
| AMT | $84.7M | 2.59% | 0.09% | +31.6% | Q3 2024 |
| IR | $73.8M | 2.26% | 0.22% | +94.0% | Q2 2025 |
 FISV | $70.2M | 2.15% | 0.10% | +27.7% | Q2 2021 |
| IT | $67.8M | 2.08% | 0.34% | New | Q3 2025 |
| ARM | $63.4M | 1.94% | 0.04% | +32.9% | Q2 2024 |
| NVDA | $62.8M | 1.92% | 0.00% | -62.3% | Q2 2021 |
| SNOW | $55.7M | 1.71% | 0.07% | +5.8% | Q4 2024 |
| TT | $54.9M | 1.68% | 0.06% | -25.5% | Q3 2021 |
| PCOR | $54.7M | 1.68% | 0.50% | +0.3% | Q2 2022 |
| KLAC | $51.2M | 1.57% | 0.04% | -16.2% | Q2 2021 |
| HEI.A | $50.2M | 1.54% | Not reported | +7.8% | Q2 2024 |
| MELI | $50M | 1.53% | 0.04% | +0.9% | Q2 2021 |
| LSCC | $49.2M | 1.51% | 0.49% | +6.0% | Q2 2022 |
| ISRG | $49.2M | 1.51% | 0.03% | +61.1% | Q2 2021 |
| NU | $48.6M | 1.49% | Not reported | +26.6% | Q3 2023 |
| UBER | $48.6M | 1.49% | 0.02% | +6.5% | Q4 2023 |
| TOST | $47M | 1.44% | 0.59% | +6.1% | Q3 2022 |
| SNPS | $46.8M | 1.43% | 0.05% | New | Q3 2025 |
| MRVL | $43.5M | 1.33% | 0.06% | +5.8% | Q1 2025 |
| PWR | $42.3M | 1.30% | 0.07% | +71.6% | Q2 2025 |
| AAPL | $41.1M | 1.26% | 0.00% | +42.6% | Q2 2021 |
| SAIL | $38.6M | 1.18% | 0.31% | +186.7% | Q2 2021 |
| MSFT | $38.4M | 1.17% | 0.00% | Not reported | Q2 2021 |
| HEI | $36.3M | 1.11% | 0.20% | -0.9% | Q2 2024 |
| TTAN | $34.5M | 1.06% | 0.97% | +44.9% | Q4 2024 |
| GLBE | $34M | 1.04% | 0.56% | +39.3% | Q1 2024 |
| TEAM | $33.7M | 1.03% | Not reported | +5.6% | Q4 2024 |
| CSGP | $31.5M | 0.96% | 0.09% | +6.5% | Q4 2021 |
| CGNX | $31.1M | 0.95% | 0.41% | -28.7% | Q4 2022 |
| DASH | $29.5M | 0.90% | Not reported | +19.1% | Q1 2023 |
| COIN | $28.5M | 0.87% | 0.03% | -13.9% | Q4 2024 |
| RGEN | $26.3M | 0.81% | 0.35% | +35.4% | Q2 2023 |
| AFRM | $26.1M | 0.80% | 0.60% | -5.7% | Q2 2021 |
 CMG | $25.9M | 0.79% | 0.05% | +7.8% | Q2 2021 |
| Z | $24.9M | 0.76% | Not reported | +6.7% | Q2 2021 |
| NOW | $24.4M | 0.75% | 0.01% | +445.7% | Q4 2022 |
| MPWR | $23.9M | 0.73% | 0.05% | New | Q3 2025 |
| NET | $22.7M | 0.69% | Not reported | -64.8% | Q2 2021 |