Q4 2025 · 13F-HR
Totem Point Management, LLCholdings as filed
Filed 2026-02-17 · accession 0001759364-26-000002
$100.2M
Reported value
14
Positions
2025-12-31
Period end
The Brief · Totem Point Management, LLC · Q4 2025
AI · grounded in 13F
Totem Point Management, LLC exited its position in RBLX, reducing exposure by $8.56M. The fund established new positions in HPE for $9.76M and ON for $6.68M. Other notable activity includes closing positions in SE and MMYT, while increasing share counts in BILL by 117.76% and SPGI by 82.55%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $11.8M | 11.8% | 20,336 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $11.8M | 11.8% | 22,579 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $11.6M | 11.6% | 38,096 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $10.3M | 10.3% | 55,442 | Common | SOLE |
| 874054109 | TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $10.1M | 10.1% | 39,402 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $9.8M | 9.81% | 34,453 | Common | SOLE |
| 42824C109 | HPE | HEWLETT PACKARD ENTERPRISE C | $9.8M | 9.74% | 406,506 | Common | SOLE |
| 090043100 | BILL | BILL HOLDINGS INC | $8.5M | 8.44% | 155,100 | Common | SOLE |
| 682189105 | ON | ON SEMICONDUCTOR CORP | $6.7M | 6.67% | 123,407 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $4.2M | 4.19% | 784 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP | $2.0M | 2.01% | 3,953 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $1.7M | 1.65% | 2,457 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $1.4M | 1.43% | 4,143 | Common | SOLE |
| 531229755 | FWONK | LIBERTY MEDIA CORP DEL | $570,274 | 0.57% | 5,789 | 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.