Q4 2025 · 13F-HR
ALKEON CAPITAL MANAGEMENT LLCholdings as filed
Filed 2026-02-17 · accession 0000919574-26-001015
$63.13B
Reported value
112
Positions
2025-12-31
Period end
The Brief · ALKEON CAPITAL MANAGEMENT LLC · Q4 2025
AI · grounded in 13F
Alkeon Capital Management LLC established a new position in AMD worth $803.1M. The fund also opened new stakes in SHOP for $362.2M and PLTR for $266.6M. On the sell side, the manager trimmed its holding in TSLA by 80%. Other reductions included DASH and TSM, which were trimmed by 47.5% and 32.4% respectively.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $15.14B | 24.0% | 22,200,000 | PUT | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $13.59B | 21.5% | 22,126,700 | PUT | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $1.82B | 2.88% | 5,802,558 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $1.65B | 2.62% | 5,438,668 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.40B | 2.22% | 7,500,000 | CALL | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $1.34B | 2.12% | 5,799,899 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $1.32B | 2.08% | 1,992,629 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $1.10B | 1.74% | 6,420,456 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $955.7M | 1.51% | 1,976,176 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $937.2M | 1.48% | 175,000 | CALL | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $873.5M | 1.38% | 1,421,977 | Common | SOLE |
| 482480100 | KLAC | KLA CORP | $863.2M | 1.37% | 710,365 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $725.4M | 1.15% | 1,500,000 | CALL | SOLE |
| 30212P303 | EXPE | EXPEDIA GROUP INC | $701.3M | 1.11% | 2,475,276 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $684.7M | 1.08% | 4,000,000 | PUT | SOLE |
| 037833100 | AAPL | APPLE INC | $659.4M | 1.04% | 2,425,400 | CALL | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $607.8M | 0.96% | 2,000,000 | CALL | SOLE |
| 571903202 | MAR | MARRIOTT INTL INC NEW | $577.9M | 0.92% | 1,862,600 | CALL | SOLE |
| 032654105 | ADI | ANALOG DEVICES INC | $547.5M | 0.87% | 2,018,833 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $535.4M | 0.85% | 2,500,000 | PUT | SOLE |
| 92826C839 | V | VISA INC | $515.1M | 0.82% | 1,468,618 | Common | SOLE |
| 127387108 | CDNS | CADENCE DESIGN SYSTEM INC | $507.3M | 0.80% | 1,622,874 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP NEW | $506.0M | 0.80% | 3,744,603 | Common | SOLE |
| 482480100 | KLAC | KLA CORP | $486.0M | 0.77% | 400,000 | PUT | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $484.7M | 0.77% | 2,100,000 | CALL | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $484.4M | 0.77% | 240,499 | Common | SOLE |
| 21037T109 | CEG | CONSTELLATION ENERGY CORP | $484.4M | 0.77% | 1,371,219 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $471.3M | 0.75% | 1,003,278 | Common | SOLE |
| 880770102 | TER | TERADYNE INC | $470.9M | 0.75% | 2,432,910 | Common | SOLE |
| 573284106 | MLM | MARTIN MARIETTA MATLS INC | $465.3M | 0.74% | 747,351 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $449.7M | 0.71% | 1,000,000 | CALL | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $444.4M | 0.70% | 778,465 | Common | SOLE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $430.9M | 0.68% | 1,500,000 | CALL | SOLE |
| 872540109 | TJX | TJX COS INC NEW | $430.1M | 0.68% | 2,799,971 | Common | SOLE |
| 88579Y101 | MMM | 3M CO | $424.3M | 0.67% | 2,650,000 | CALL | SOLE |
| 929160109 | VMC | VULCAN MATLS CO | $421.7M | 0.67% | 1,478,646 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $370.9M | 0.59% | 1,400,000 | CALL | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $362.2M | 0.57% | 2,250,000 | CALL | SOLE |
| 14316J108 | CG | CARLYLE GROUP INC | $351.2M | 0.56% | 5,941,316 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $346.5M | 0.55% | 1,001,300 | CALL | SOLE |
| 25809K105 | DASH | DOORDASH INC | $339.7M | 0.54% | 1,500,000 | CALL | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $324.5M | 0.51% | 2,003,110 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $314.0M | 0.50% | 1,946,357 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $291.6M | 0.46% | 1,800,310 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $274.6M | 0.44% | 3,361,005 | Common | SOLE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $273.2M | 0.43% | 1,580,848 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $267.7M | 0.42% | 1,250,000 | CALL | SOLE |
| 25809K105 | DASH | DOORDASH INC | $266.9M | 0.42% | 1,178,410 | Common | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $266.6M | 0.42% | 1,500,000 | CALL | SOLE |
| 517834107 | LVS | LAS VEGAS SANDS CORP | $263.6M | 0.42% | 4,050,000 | CALL | SOLE |
| 29364G103 | ETR | ENTERGY CORP NEW | $252.9M | 0.40% | 2,736,012 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION | $229.3M | 0.36% | 1,250,000 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $224.6M | 0.36% | 1,800,000 | Common | SOLE |
| 893641100 | TDG | TRANSDIGM GROUP INC | $220.2M | 0.35% | 165,611 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $215.6M | 0.34% | 700,000 | Common | SOLE |
| 74762E102 | QURE | QUANTA SVCS INC | $211.4M | 0.33% | 500,983 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $194.9M | 0.31% | 1,000,000 | CALL | SOLE |
| 29444U700 | EQIX | EQUINIX INC | $179.1M | 0.28% | 233,775 | Common | SOLE |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. | $178.4M | 0.28% | 2,800,000 | CALL | SOLE |
| 983134107 | WYNN | WYNN RESORTS LTD | $173.4M | 0.27% | 1,441,100 | CALL | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $156.5M | 0.25% | 500,000 | CALL | SOLE |
| 78467J100 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $154.3M | 0.24% | 1,764,916 | Common | SOLE |
| 35969L108 | YMM | FULL TRUCK ALLIANCE CO LTD | $152.4M | 0.24% | 14,198,535 | Common | SOLE |
| 122017106 | BURL | BURLINGTON STORES INC | $151.6M | 0.24% | 525,000 | Common | SOLE |
| 13646K108 | CP | CANADIAN PACIFIC KANSAS CITY | $147.6M | 0.23% | 2,004,000 | Common | SOLE |
| 558868105 | MDGL | MADRIGAL PHARMACEUTICALS INC | $139.8M | 0.22% | 240,000 | Common | SOLE |
| 65473P105 | NI | NISOURCE INC | $134.9M | 0.21% | 3,230,500 | Common | SOLE |
| 24703L202 | DELL | DELL TECHNOLOGIES INC | $133.7M | 0.21% | 1,062,409 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $113.0M | 0.18% | 468,594 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $99.5M | 0.16% | 190,416 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $99.4M | 0.16% | 306,735 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $97.0M | 0.15% | 190,000 | Common | SOLE |
| 75734B100 | RDDT | REDDIT INC | $91.9M | 0.15% | 400,000 | CALL | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $89.7M | 0.14% | 131,500 | Common | SOLE |
| 778296103 | ROST | ROSS STORES INC | $85.1M | 0.13% | 472,635 | Common | SOLE |
| 647581206 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $79.7M | 0.13% | 1,447,986 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW | $75.2M | 0.12% | 428,401 | Common | SOLE |
| G51502105 | JCI | JOHNSON CTLS INTL PLC | $74.2M | 0.12% | 620,000 | Common | SOLE |
| 988498101 | YUM | YUM BRANDS INC | $70.4M | 0.11% | 465,603 | Common | SOLE |
| 389637109 | GBTC | GRAYSCALE BITCOIN TRUST ETF | $62.9M | 0.10% | 920,000 | CALL | SOLE |
| 464287523 | SOXX | ISHARES TR | $58.0M | 0.09% | 192,600 | Common | SOLE |
| 83443Q103 | SOLS | SOLSTICE ADVANCED MATLS INC | $54.7M | 0.09% | 1,125,000 | Common | SOLE |
| 04626A103 | ALAB | ASTERA LABS INC | $54.1M | 0.09% | 325,000 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $53.2M | 0.08% | 175,000 | PUT | SOLE |
| 85423L103 | SARO | STANDARDAERO INC | $48.8M | 0.08% | 1,702,019 | Common | SOLE |
| 639193101 | NAVN | NAVAN INC | $45.9M | 0.07% | 2,686,828 | Common | SOLE |
| 781154109 | RBRK | RUBRIK INC. | $45.9M | 0.07% | 600,000 | Common | SOLE |
| 78467X109 | DIA | SPDR DOW JONES INDL AVERAGE | $45.1M | 0.07% | 93,900 | Common | SOLE |
| 464287432 | TLT | ISHARES TR | $44.5M | 0.07% | 511,000 | Common | SOLE |
| 172908105 | CTAS | CINTAS CORP | $44.5M | 0.07% | 236,539 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $44.2M | 0.07% | 179,500 | Common | SOLE |
| 90364P105 | PATH | UIPATH INC | $42.8M | 0.07% | 2,611,276 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $42.2M | 0.07% | 1,471,173 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $40.8M | 0.06% | 1,150,000 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $39.4M | 0.06% | 211,439 | Common | SOLE |
| 68622P109 | ORIC | ORIC PHARMACEUTICALS INC | $36.8M | 0.06% | 4,504,096 | Common | SOLE |
| 433313103 | HNGE | HINGE HEALTH INC | $36.7M | 0.06% | 791,104 | Common | SOLE |
| 90138F102 | TWLO | TWILIO INC | $35.6M | 0.06% | 250,000 | Common | SOLE |
| 04010E109 | AGX | ARGAN INC | $34.1M | 0.05% | 108,845 | Common | SOLE |
| Q4982L109 | IREN | IREN LIMITED | $30.2M | 0.05% | 800,000 | Common | SOLE |
| M6191J100 | FROG | JFROG LTD | $25.9M | 0.04% | 414,425 | Common | SOLE |
| 60937P106 | MDB | MONGODB INC | $21.0M | 0.03% | 50,000 | Common | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $18.5M | 0.03% | 500,289 | Common | SOLE |
| 482497104 | BEKE | KE HLDGS INC | $17.2M | 0.03% | 1,093,559 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $15.4M | 0.02% | 56,627 | Common | SOLE |
| G29018101 | DLO | DLOCAL LTD | $11.6M | 0.02% | 823,837 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $9.7M | 0.02% | 50,000 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $9.2M | 0.01% | 60,170 | Common | SOLE |
| 68278B107 | K4F | ONESTREAM INC | $8.7M | 0.01% | 475,000 | Common | SOLE |
| 02157Q109 | ANRO | ALTO NEUROSCIENCE INC | $8.5M | 0.01% | 477,101 | Common | SOLE |
| G11448100 | BTDR | BITDEER TECHNOLOGIES GROUP | $5.3M | 0.01% | 475,000 | Common | SOLE |
| 70438V106 | PCTY | PAYLOCITY HLDG CORP | $3.8M | 0.01% | 24,683 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.