13F COMBINATION REPORT
ZEVENBERGEN CAPITAL INVESTMENTS LLC
Quarter ended Q4 2025 · Filed January 15, 2026 · Accession 0001276918-26-000002
Total Value
$4.50B
Positions
179
Other Managers
2
Confidential Omitted
No
Holdings (179)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | NVIDIA Corporation | NVDA | 1,260,476 | $235.1M | 5.23% |
| 2 | Tesla, Inc. | TSLA | 486,534 | $218.8M | 4.87% |
| 3 | Alphabet Inc. Class C | GOOG | 588,100 | $184.5M | 4.10% |
| 4 | Shopify Inc. | SHOP | 1,026,387 | $165.2M | 3.67% |
| 5 | NVIDIA Corporation | NVDA | 853,670 | $159.2M | 3.54% |
| 6 | Microsoft Corporation | MSFT | 274,400 | $132.7M | 2.95% |
| 7 | MercadoLibre, Inc. | MELI | 64,715 | $130.4M | 2.90% |
| 8 | Axon Enterprise, Inc. | AXON | 228,366 | $129.7M | 2.88% |
| 9 | Apple Inc. | AAPL | 458,800 | $124.7M | 2.77% |
| 10 | Amazon.com, Inc. | AMZN | 513,293 | $118.5M | 2.63% |
| 11 | Meta Platforms, Inc. | META | 175,800 | $116.0M | 2.58% |
| 12 | Broadcom Inc. | AVGO | 308,700 | $106.8M | 2.38% |
| 13 | Meta Platforms, Inc. | META | 126,484 | $83.5M | 1.86% |
| 14 | Micron Technology, Inc. | MU | 255,100 | $72.8M | 1.62% |
| 15 | Shopify Inc. | SHOP | 448,350 | $72.2M | 1.61% |
| 16 | Snowflake Inc. | SNOW | 300,333 | $65.9M | 1.47% |
| 17 | Rocket Lab Corporation | RKLB | 894,798 | $62.4M | 1.39% |
| 18 | Netflix, Inc. | NFLX | 653,275 | $61.3M | 1.36% |
| 19 | Uber Technologies, Inc. | UBER | 747,977 | $61.1M | 1.36% |
| 20 | Natera, Inc. | NTRA | 265,571 | $60.8M | 1.35% |
| 21 | Alphabet Inc. Class A | GOOG | 190,637 | $59.7M | 1.33% |
| 22 | CrowdStrike Holdings, Inc. | CRWD | 121,713 | $57.1M | 1.27% |
| 23 | Advanced Micro Devices, Inc. | AMD | 262,500 | $56.2M | 1.25% |
| 24 | Amazon.com, Inc. | AMZN | 239,500 | $55.3M | 1.23% |
| 25 | Tesla, Inc. | TSLA | 120,800 | $54.3M | 1.21% |
| 26 | ServiceNow, Inc. | NOW | 340,385 | $52.1M | 1.16% |
| 27 | Advanced Micro Devices, Inc. | AMD | 234,183 | $50.2M | 1.12% |
| 28 | NVIDIA Corporation | NVDA | 242,100 | $45.2M | 1.00% |
| 29 | Toast, Inc. | TOST | 1,174,996 | $41.7M | 0.93% |
| 30 | Tesla, Inc. | TSLA | 86,780 | $39.0M | 0.87% |
| 31 | Monolithic Power Systems, Inc. | 609839105 | 42,478 | $38.5M | 0.86% |
| 32 | Spotify Technology S.A. | SPOT | 65,652 | $38.1M | 0.85% |
| 33 | Axon Enterprise, Inc. | AXON | 65,300 | $37.1M | 0.82% |
| 34 | Zillow Group, Inc. Class C | Z | 516,563 | $35.2M | 0.78% |
| 35 | Quanta Services, Inc. | PWR | 81,408 | $34.4M | 0.76% |
| 36 | AppLovin Corporation, Class A | APP | 50,560 | $34.1M | 0.76% |
| 37 | Karman Holdings Inc. | KRMN | 446,600 | $32.7M | 0.73% |
| 38 | Vertiv Holdings Co | VRT | 200,075 | $32.4M | 0.72% |
| 39 | Shopify Inc. | SHOP | 200,000 | $32.2M | 0.72% |
| 40 | Arista Networks Inc | ANET | 245,400 | $32.2M | 0.72% |
| 41 | The Trade Desk, Inc. | 88339j105 | 843,365 | $32.0M | 0.71% |
| 42 | Exact Sciences Corporation | 30063p105 | 302,777 | $30.8M | 0.68% |
| 43 | ServiceNow, Inc. | NOW | 200,500 | $30.7M | 0.68% |
| 44 | Palo Alto Networks, Inc. | PANW | 164,828 | $30.4M | 0.68% |
| 45 | MercadoLibre, Inc. | MELI | 14,275 | $28.8M | 0.64% |
| 46 | Oracle Corporation | ORCL-PD | 143,500 | $28.0M | 0.62% |
| 47 | Veeva Systems Inc. | VEEV | 124,654 | $27.8M | 0.62% |
| 48 | Monolithic Power Systems, Inc. | 609839105 | 30,400 | $27.6M | 0.61% |
| 49 | TransMedics Group, Inc. | TMDX | 218,678 | $26.6M | 0.59% |
| 50 | CrowdStrike Holdings, Inc. | CRWD | 54,800 | $25.7M | 0.57% |
| 51 | Insulet Corporation | PODD | 90,283 | $25.7M | 0.57% |
| 52 | Axon Enterprise, Inc. | AXON | 45,000 | $25.6M | 0.57% |
| 53 | MercadoLibre, Inc. | MELI | 12,550 | $25.3M | 0.56% |
| 54 | Credo Technology Group Holding | CRDO | 172,247 | $24.8M | 0.55% |
| 55 | Wingstop Inc. | WING | 103,055 | $24.6M | 0.55% |
| 56 | Samsara Inc. | IOT | 621,451 | $22.0M | 0.49% |
| 57 | Amazon.com, Inc. | AMZN | 92,625 | $21.4M | 0.48% |
| 58 | Meta Platforms, Inc. | META | 30,000 | $19.8M | 0.44% |
| 59 | Microsoft Corporation | MSFT | 39,967 | $19.3M | 0.43% |
| 60 | Alphabet Inc. Class A | GOOG | 61,000 | $19.1M | 0.42% |
| 61 | Amphenol Corporation | 032095101 | 140,000 | $18.9M | 0.42% |
| 62 | KLA Corporation | KLAC | 15,000 | $18.2M | 0.41% |
| 63 | Applied Materials, Inc. | 038222105 | 70,000 | $18.0M | 0.40% |
| 64 | QUALCOMM Incorporated | QCOM | 100,400 | $17.2M | 0.38% |
| 65 | Datadog, Inc. | DDOG | 125,000 | $17.0M | 0.38% |
| 66 | On Holding AG | ONON | 362,648 | $16.9M | 0.37% |
| 67 | Palo Alto Networks, Inc. | PANW | 89,400 | $16.5M | 0.37% |
| 68 | Toast, Inc. | TOST | 445,000 | $15.8M | 0.35% |
| 69 | Ares Management Corporation | ARES-PB | 96,201 | $15.5M | 0.35% |
| 70 | Snowflake Inc. | SNOW | 69,300 | $15.2M | 0.34% |
| 71 | Vertiv Holdings Co | VRT | 90,000 | $14.6M | 0.32% |
| 72 | Snowflake Inc. | SNOW | 66,000 | $14.5M | 0.32% |
| 73 | ASML Holding N.V. | ASMLF | 13,000 | $13.9M | 0.31% |
| 74 | Rocket Lab Corporation | RKLB | 196,000 | $13.7M | 0.30% |
| 75 | Natera, Inc. | NTRA | 58,000 | $13.3M | 0.30% |
| 76 | Intuit Inc. | INTU | 19,700 | $13.0M | 0.29% |
| 77 | Dell Technologies Inc. | DELL | 102,500 | $12.9M | 0.29% |
| 78 | MongoDB, Inc. | MDB | 30,000 | $12.6M | 0.28% |
| 79 | Cadence Design Systems, Inc. | CDNS | 40,000 | $12.5M | 0.28% |
| 80 | CrowdStrike Holdings, Inc. | CRWD | 26,600 | $12.5M | 0.28% |
| 81 | Apple Inc. | AAPL | 43,117 | $11.7M | 0.26% |
| 82 | Advanced Micro Devices, Inc. | AMD | 53,800 | $11.5M | 0.26% |
| 83 | Caris Life Sciences, Inc. | CAI | 422,185 | $11.4M | 0.25% |
| 84 | Netflix, Inc. | NFLX | 120,000 | $11.3M | 0.25% |
| 85 | ServiceNow, Inc. | NOW | 70,000 | $10.7M | 0.24% |
| 86 | Uber Technologies, Inc. | UBER | 130,000 | $10.6M | 0.24% |
| 87 | AppLovin Corporation, Class A | APP | 15,100 | $10.2M | 0.23% |
| 88 | Spotify Technology S.A. | SPOT | 17,400 | $10.1M | 0.22% |
| 89 | Arcutis Biotherapeutics, Inc. | ARQT | 328,035 | $9.5M | 0.21% |
| 90 | JPMorgan Chase & Co. | VYLD | 28,748 | $9.3M | 0.21% |
| 91 | Datadog, Inc. | DDOG | 67,715 | $9.2M | 0.20% |
| 92 | Vertiv Holdings Co | VRT | 56,500 | $9.2M | 0.20% |
| 93 | Quanta Services, Inc. | PWR | 21,500 | $9.1M | 0.20% |
| 94 | The Trade Desk, Inc. | 88339j105 | 237,100 | $9.0M | 0.20% |
| 95 | AppLovin Corporation, Class A | APP | 12,500 | $8.4M | 0.19% |
| 96 | Visa Inc. | V | 23,800 | $8.3M | 0.19% |
| 97 | Toast, Inc. | TOST | 235,000 | $8.3M | 0.19% |
| 98 | Uber Technologies, Inc. | UBER | 101,400 | $8.3M | 0.18% |
| 99 | Monolithic Power Systems, Inc. | 609839105 | 8,500 | $7.7M | 0.17% |
| 100 | TransMedics Group, Inc. | TMDX | 61,500 | $7.5M | 0.17% |
| 101 | Costco Wholesale Corporation | COST | 8,163 | $7.0M | 0.16% |
| 102 | Spotify Technology S.A. | SPOT | 12,000 | $7.0M | 0.15% |
| 103 | Zillow Group, Inc. Class C | Z | 101,000 | $6.9M | 0.15% |
| 104 | Karman Holdings Inc. | KRMN | 93,000 | $6.8M | 0.15% |
| 105 | Visa Inc. | V | 19,363 | $6.8M | 0.15% |
| 106 | DraftKings Inc. | DKNG | 190,290 | $6.6M | 0.15% |
| 107 | Bloom Energy Corporation | BE | 75,375 | $6.5M | 0.15% |
| 108 | Insulet Corporation | PODD | 22,800 | $6.5M | 0.14% |
| 109 | Booking Holdings Inc. | BKNG | 1,205 | $6.5M | 0.14% |
| 110 | Palo Alto Networks, Inc. | PANW | 35,000 | $6.4M | 0.14% |
| 111 | Booking Holdings Inc. | BKNG | 1,200 | $6.4M | 0.14% |
| 112 | Wingstop Inc. | WING | 26,000 | $6.2M | 0.14% |
| 113 | Pinterest, Inc. | PINS | 235,405 | $6.1M | 0.14% |
| 114 | Arm Holdings Plc | 042068205 | 55,000 | $6.0M | 0.13% |
| 115 | NXP Semiconductors N.V. | NXPI | 26,400 | $5.7M | 0.13% |
| 116 | Veeva Systems Inc. | VEEV | 25,000 | $5.6M | 0.12% |
| 117 | On Holding AG | ONON | 120,000 | $5.6M | 0.12% |
| 118 | AppFolio, Inc. | APPF | 23,800 | $5.5M | 0.12% |
| 119 | Sportradar Group Ag | SRAD | 228,600 | $5.4M | 0.12% |
| 120 | The Trade Desk, Inc. | 88339j105 | 140,000 | $5.3M | 0.12% |
| 121 | Symbotic Inc. | SYM | 88,750 | $5.3M | 0.12% |
| 122 | Makemytrip Limited | MMYT | 63,785 | $5.2M | 0.12% |
| 123 | Mirion Technologies, Inc. | MIR | 221,300 | $5.2M | 0.12% |
| 124 | Amphenol Corporation | 032095101 | 37,935 | $5.1M | 0.11% |
| 125 | BlackRock, Inc. | BLK | 4,596 | $4.9M | 0.11% |
| 126 | Samsara Inc. | IOT | 133,300 | $4.7M | 0.11% |
| 127 | Broadridge Financial Solutions | BR | 20,800 | $4.6M | 0.10% |
| 128 | Salesforce, Inc. | CRM | 17,400 | $4.6M | 0.10% |
| 129 | QUALCOMM Incorporated | QCOM | 25,247 | $4.3M | 0.10% |
| 130 | ServiceTitan, Inc. Class A | TTAN | 40,200 | $4.3M | 0.10% |
| 131 | The Progressive Corporation | 743315103 | 17,705 | $4.0M | 0.09% |
| 132 | Intuit Inc. | INTU | 6,081 | $4.0M | 0.09% |
| 133 | Cintas Corporation | CTAS | 20,850 | $3.9M | 0.09% |
| 134 | Samsara Inc. | IOT | 108,800 | $3.9M | 0.09% |
| 135 | The Home Depot, Inc. | HD | 10,987 | $3.8M | 0.08% |
| 136 | Reddit, Inc. Class A | RDDT | 16,050 | $3.7M | 0.08% |
| 137 | Nebius Group N.V. | NBIS | 42,250 | $3.5M | 0.08% |
| 138 | Pinterest, Inc. | PINS | 135,500 | $3.5M | 0.08% |
| 139 | Rivian Automotive, Inc. | RIVN | 177,205 | $3.5M | 0.08% |
| 140 | Micron Technology, Inc. | MU | 11,750 | $3.4M | 0.07% |
| 141 | Credo Technology Group Holding | CRDO | 23,000 | $3.3M | 0.07% |
| 142 | Caris Life Sciences, Inc. | CAI | 121,000 | $3.3M | 0.07% |
| 143 | Amgen Inc. | AMGN | 9,959 | $3.3M | 0.07% |
| 144 | PACCAR Inc | PCAR | 28,606 | $3.1M | 0.07% |
| 145 | Oracle Corporation | ORCL-PD | 14,205 | $2.8M | 0.06% |
| 146 | SPDR S&P 500 ETF Trust | SPY | 3,929 | $2.7M | 0.06% |
| 147 | Abbott Laboratories | ABLZF | 21,364 | $2.7M | 0.06% |
| 148 | Ares Management Corporation | ARES-PB | 16,230 | $2.6M | 0.06% |
| 149 | Arcutis Biotherapeutics, Inc. | ARQT | 90,000 | $2.6M | 0.06% |
| 150 | Blackstone Inc. | BX | 16,185 | $2.5M | 0.06% |
| 151 | Waste Management, Inc. | WM | 10,880 | $2.4M | 0.05% |
| 152 | Paychex, Inc. | PAYX | 21,173 | $2.4M | 0.05% |
| 153 | Alphabet Inc. Class C | GOOG | 7,560 | $2.4M | 0.05% |
| 154 | Johnson & Johnson | JNJ | 10,964 | $2.3M | 0.05% |
| 155 | Zoetis Inc. | ZTS | 14,545 | $1.8M | 0.04% |
| 156 | Quest Diagnostics Incorporated | DGX | 10,420 | $1.8M | 0.04% |
| 157 | Deere & Company | DE | 3,785 | $1.8M | 0.04% |
| 158 | Ecolab Inc. | ECL | 6,070 | $1.6M | 0.04% |
| 159 | Broadcom Inc. | AVGO | 3,860 | $1.3M | 0.03% |
| 160 | Cisco Systems, Inc. | CSCO | 16,310 | $1.3M | 0.03% |
| 161 | Dell Technologies Inc. | DELL | 9,370 | $1.2M | 0.03% |
| 162 | Tractor Supply Company | TSCO | 18,130 | $906,681 | 0.02% |
| 163 | Starbucks Corporation | SBUX | 10,152 | $854,900 | 0.02% |
| 164 | iShares MSCI KLD 400 Social | 464288570 | 6,075 | $782,642 | 0.02% |
| 165 | The Walt Disney Company | 254687106 | 6,473 | $736,433 | 0.02% |
| 166 | Nextera Energy, Inc. | NEE-PW | 9,108 | $731,190 | 0.02% |
| 167 | American Express Company | AXP | 1,700 | $628,915 | 0.01% |
| 168 | Broadridge Financial Solutions | BR | 2,240 | $499,901 | 0.01% |
| 169 | Planet Labs PBC | PL-WT | 22,500 | $443,700 | 0.01% |
| 170 | AbbVie Inc. | ABBV | 1,923 | $439,386 | 0.01% |
| 171 | Beta Bionics Inc | BBNX | 13,350 | $406,775 | 0.01% |
| 172 | Xometry, Inc. | XMTR | 6,000 | $356,820 | 0.01% |
| 173 | Spdr Dow Jones Industrial Avrg | DIA | 650 | $312,371 | 0.01% |
| 174 | Kraken Robotics Inc | 50077n102 | 58,500 | $273,078 | 0.01% |
| 175 | LGI HOMES, INC. | LGIH | 6,150 | $264,204 | 0.01% |
| 176 | ASML Holding N.V. | ASMLF | 222 | $237,509 | 0.01% |
| 177 | D. R. Horton, Inc. | 23331a109 | 1,565 | $225,407 | 0.01% |
| 178 | Arm Holdings Plc | 042068205 | 690 | $75,424 | 0.00% |
| 179 | Cadence Design Systems, Inc. | CDNS | 60 | $18,755 | 0.00% |