13F HOLDINGS REPORT
Valiant Capital Management, L.P.
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0000935836-25-000673
Total Value
$1.45B
Positions
32
Other Managers
1
Confidential Omitted
No
Holdings (32)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 492,400 | $137.5M | 9.46% |
| 2 | CORE SCIENTIFIC INC NEW | 21874A106 | 6,483,103 | $116.3M | 8.00% |
| 3 | SPDR GOLD TR | GLD | 325,300 | $115.6M | 7.96% |
| 4 | SPDR S&P 500 ETF TR | SPY | 154,502 | $102.9M | 7.08% |
| 5 | ISHARES TR | 464287655 | 422,857 | $102.3M | 7.04% |
| 6 | ARGAN INC | AGX | 254,600 | $68.8M | 4.73% |
| 7 | CORE SCIENTIFIC INC NEW | 21874A106 | 3,830,000 | $68.7M | 4.73% |
| 8 | GE VERNOVA INC | GEV | 109,217 | $67.2M | 4.62% |
| 9 | COREWEAVE INC | CRWV | 375,000 | $51.3M | 3.53% |
| 10 | BROADCOM INC | AVGO | 152,504 | $50.3M | 3.46% |
| 11 | TKO GROUP HOLDINGS INC | TKO | 216,355 | $43.7M | 3.01% |
| 12 | MICROSOFT CORP | MSFT | 75,606 | $39.2M | 2.69% |
| 13 | VANECK ETF TRUST | 92189F106 | 509,916 | $39.0M | 2.68% |
| 14 | VISTRA CORP | VST | 194,943 | $38.2M | 2.63% |
| 15 | TAKE-TWO INTERACTIVE SOFTWAR | TTWO | 146,672 | $37.9M | 2.61% |
| 16 | HDFC BANK LTD | HDB | 1,061,396 | $36.3M | 2.49% |
| 17 | AMAZON COM INC | AMZN | 161,715 | $35.5M | 2.44% |
| 18 | ELI LILLY & CO | LLY | 40,217 | $30.7M | 2.11% |
| 19 | QUANTA SVCS INC | 74762E102 | 73,713 | $30.5M | 2.10% |
| 20 | GUARDIAN PHARMACY SVCS INC | 40145W101 | 1,064,722 | $27.9M | 1.92% |
| 21 | NVIDIA CORPORATION | NVDA | 147,793 | $27.6M | 1.90% |
| 22 | ZILLOW GROUP INC | Z | 349,877 | $27.0M | 1.85% |
| 23 | CROWDSTRIKE HLDGS INC | CRWD | 53,591 | $26.3M | 1.81% |
| 24 | SALESFORCE INC | CRM | 102,550 | $24.3M | 1.67% |
| 25 | NETFLIX INC | NFLX | 19,343 | $23.2M | 1.60% |
| 26 | RH | RH | 108,500 | $22.0M | 1.52% |
| 27 | SERVICENOW INC | NOW | 19,924 | $18.3M | 1.26% |
| 28 | CREDO TECHNOLOGY GROUP HOLDI | CRDO | 111,909 | $16.3M | 1.12% |
| 29 | WILLDAN GROUP INC | WLDN | 160,243 | $15.5M | 1.07% |
| 30 | UBER TECHNOLOGIES INC | UBER | 59,464 | $5.8M | 0.40% |
| 31 | POWER SOLUTIONS INTL INC | 73933G202 | 38,926 | $3.8M | 0.26% |
| 32 | FIREFLY AEROSPACE INC | FLY | 120,000 | $3.5M | 0.24% |