13F HOLDINGS REPORT
Valiant Capital Management, L.P.
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0000935836-26-000098
Total Value
$1.77B
Positions
33
Other Managers
0
Confidential Omitted
No
Holdings (33)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | INVESCO QQQ TR | IVZ | 560,000 | $344.0M | 19.46% |
| 2 | SPDR S&P 500 ETF TR | SPY | 237,326 | $161.8M | 9.15% |
| 3 | ISHARES TR | 464287655 | 657,301 | $161.8M | 9.15% |
| 4 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 448,200 | $136.2M | 7.70% |
| 5 | CORE SCIENTIFIC INC NEW | 21874A106 | 6,336,424 | $92.3M | 5.22% |
| 6 | GE VERNOVA INC | GEV | 101,637 | $66.4M | 3.76% |
| 7 | CORE SCIENTIFIC INC NEW | 21874A106 | 3,830,000 | $55.8M | 3.15% |
| 8 | BROADCOM INC | AVGO | 138,802 | $48.0M | 2.72% |
| 9 | ARGAN INC | AGX | 134,273 | $42.1M | 2.38% |
| 10 | SPDR GOLD TR | GLD | 106,100 | $42.0M | 2.38% |
| 11 | TKO GROUP HOLDINGS INC | TKO | 196,917 | $41.2M | 2.33% |
| 12 | HDFC BANK LTD | HDB | 1,122,032 | $41.0M | 2.32% |
| 13 | VANECK ETF TRUST | 92189F106 | 464,104 | $39.8M | 2.25% |
| 14 | GUARDIAN PHARMACY SVCS INC | 40145W101 | 1,232,463 | $37.1M | 2.10% |
| 15 | AMAZON COM INC | AMZN | 155,404 | $35.9M | 2.03% |
| 16 | MICROSOFT CORP | MSFT | 72,655 | $35.1M | 1.99% |
| 17 | PROPETRO HLDG CORP | PUMP | 3,668,820 | $34.9M | 1.97% |
| 18 | TAKE-TWO INTERACTIVE SOFTWAR | TTWO | 133,495 | $34.2M | 1.93% |
| 19 | SOLARIS ENERGY INFRAS INC | SEI | 734,499 | $33.8M | 1.91% |
| 20 | RH | RH | 182,765 | $32.7M | 1.85% |
| 21 | QUANTA SVCS INC | 74762E102 | 70,381 | $29.7M | 1.68% |
| 22 | VISTRA CORP | VST | 178,927 | $28.9M | 1.63% |
| 23 | ELI LILLY & CO | LLY | 26,526 | $28.5M | 1.61% |
| 24 | NVIDIA CORPORATION | NVDA | 141,979 | $26.5M | 1.50% |
| 25 | SALESFORCE INC | CRM | 93,336 | $24.7M | 1.40% |
| 26 | CROWDSTRIKE HLDGS INC | CRWD | 48,776 | $22.9M | 1.29% |
| 27 | ZILLOW GROUP INC | Z | 318,443 | $21.7M | 1.23% |
| 28 | NETFLIX INC | NFLX | 185,880 | $17.4M | 0.99% |
| 29 | WILLDAN GROUP INC | WLDN | 152,531 | $15.8M | 0.89% |
| 30 | CREDO TECHNOLOGY GROUP HOLDI | CRDO | 101,853 | $14.7M | 0.83% |
| 31 | SERVICENOW INC | NOW | 90,666 | $13.9M | 0.79% |
| 32 | UBER TECHNOLOGIES INC | UBER | 59,464 | $4.9M | 0.27% |
| 33 | POWER SOLUTIONS INTL INC | 73933G202 | 40,401 | $2.3M | 0.13% |