13F HOLDINGS REPORT
Nicholas Investment Partners, LP
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001389574-26-000001
Total Value
$1.37B
Positions
205
Other Managers
0
Confidential Omitted
No
Holdings (205)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BWX TECHNOLOGIES INC | BWXT | 260,834 | $45.1M | 3.28% |
| 2 | INSMED INC | INSM | 180,410 | $31.4M | 2.29% |
| 3 | KRATOS DEFENSE & SEC SOLUTIO | 50077B207 | 392,032 | $29.8M | 2.17% |
| 4 | EMBRAER S.A. | EMBJ | 428,972 | $27.6M | 2.01% |
| 5 | REVOLUTION MEDICINES INC | RVMDW | 317,711 | $25.3M | 1.84% |
| 6 | BROADCOM INC | AVGO | 68,761 | $23.8M | 1.73% |
| 7 | NVIDIA CORPORATION | NVDA | 121,843 | $22.7M | 1.66% |
| 8 | BRIDGEBIO PHARMA INC | BBIO | 284,682 | $21.8M | 1.59% |
| 9 | GE VERNOVA INC | GEV | 30,410 | $19.9M | 1.45% |
| 10 | MADDEN STEVEN LTD | 556269108 | 422,075 | $17.6M | 1.28% |
| 11 | MIRUM PHARMACEUTICALS INC | MIRM | 213,391 | $16.9M | 1.23% |
| 12 | AXSOME THERAPEUTICS INC | AXSM | 91,564 | $16.7M | 1.22% |
| 13 | MICROSOFT CORP | MSFT | 34,466 | $16.7M | 1.21% |
| 14 | WINTRUST FINL CORP | 97650W108 | 117,590 | $16.4M | 1.20% |
| 15 | SEAGATE HDD CAYMAN | SE | 4,880,000 | $16.4M | 1.19% |
| 16 | ABERCROMBIE & FITCH CO | ANF | 130,197 | $16.4M | 1.19% |
| 17 | NUVALENT INC | NUVL | 160,483 | $16.1M | 1.18% |
| 18 | AMAZON COM INC | AMZN | 69,325 | $16.0M | 1.17% |
| 19 | PIPER SANDLER COMPANIES | PIPR | 46,905 | $15.9M | 1.16% |
| 20 | CAMECO CORP | CCJ | 173,449 | $15.9M | 1.16% |
| 21 | TANGER INC | SKT | 450,672 | $15.0M | 1.10% |
| 22 | MIRION TECHNOLOGIES INC | MIR | 641,660 | $15.0M | 1.09% |
| 23 | WINGSTOP INC | WING | 58,694 | $14.0M | 1.02% |
| 24 | LENDINGCLUB CORP | LC | 709,206 | $13.4M | 0.98% |
| 25 | CARPENTER TECHNOLOGY CORP | CRS | 41,790 | $13.2M | 0.96% |
| 26 | ROCKET LAB CORP | RKLB | 184,761 | $12.9M | 0.94% |
| 27 | EXXON MOBIL CORP | XOM | 105,500 | $12.7M | 0.92% |
| 28 | FABRINET | FN | 27,671 | $12.6M | 0.92% |
| 29 | OSI SYSTEMS INC | OSIS | 48,619 | $12.4M | 0.90% |
| 30 | FTAI AVIATION LTD | FTAIN | 61,822 | $12.2M | 0.89% |
| 31 | BANK AMERICA CORP | 060505104 | 215,093 | $11.8M | 0.86% |
| 32 | PAR PAC HOLDINGS INC | PARR | 333,538 | $11.7M | 0.85% |
| 33 | SKYWEST INC | SKYW | 115,087 | $11.6M | 0.84% |
| 34 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 37,672 | $11.4M | 0.83% |
| 35 | GOLDMAN SACHS GROUP INC | GSCE | 13,000 | $11.4M | 0.83% |
| 36 | CENTURY ALUM CO | CENX | 290,960 | $11.4M | 0.83% |
| 37 | RUSH STREET INTERACTIVE INC | RSI | 580,176 | $11.3M | 0.82% |
| 38 | ABIVAX SA | AAVXF | 83,068 | $11.2M | 0.82% |
| 39 | MACOM TECH SOLUTIONS HLDGS I | 55405Y100 | 65,203 | $11.2M | 0.81% |
| 40 | LATTICE SEMICONDUCTOR CORP | LSCC | 151,372 | $11.1M | 0.81% |
| 41 | XENON PHARMACEUTICALS INC | XENE | 242,989 | $10.9M | 0.79% |
| 42 | MONOLITHIC PWR SYS INC | 609839105 | 11,912 | $10.8M | 0.79% |
| 43 | NEXTERA ENERGY CAP HLDGS INC | NEE-PW | 8,495,000 | $10.5M | 0.77% |
| 44 | SPHERE ENTERTAINMENT CO | SPHR | 109,395 | $10.4M | 0.76% |
| 45 | SNOWFLAKE INC | SNOW | 6,700,000 | $10.3M | 0.75% |
| 46 | NORWEGIAN CRUISE LINE HLDG L | NCLH | 457,913 | $10.2M | 0.74% |
| 47 | CONSTRUCTION PARTNERS INC | ROAD | 93,110 | $10.1M | 0.74% |
| 48 | GUARDANT HEALTH INC | GH | 98,216 | $10.0M | 0.73% |
| 49 | BOEING CO | BA-PA | 143,250 | $9.9M | 0.72% |
| 50 | BLOOM ENERGY CORP | BE | 112,116 | $9.7M | 0.71% |
| 51 | CREDO TECHNOLOGY GROUP HOLDI | CRDO | 65,706 | $9.5M | 0.69% |
| 52 | MODINE MFG CO | 607828100 | 70,057 | $9.4M | 0.68% |
| 53 | APPFOLIO INC | APPF | 39,591 | $9.2M | 0.67% |
| 54 | SIMON PPTY GROUP INC NEW | 828806109 | 49,290 | $9.1M | 0.66% |
| 55 | GUARDANT HEALTH INC | GH | 4,955,000 | $9.1M | 0.66% |
| 56 | WESTERN ALLIANCE BANCORP | WAL-PA | 107,520 | $9.0M | 0.66% |
| 57 | TFI INTL INC | 87241L109 | 85,989 | $8.9M | 0.65% |
| 58 | XPO INC | XPO | 63,679 | $8.7M | 0.63% |
| 59 | TESLA INC | TSLA | 19,228 | $8.6M | 0.63% |
| 60 | ASCENDIS PHARMA A/S | ASND | 6,035,000 | $8.5M | 0.62% |
| 61 | APOGEE THERAPEUTICS INC | APGE | 112,924 | $8.5M | 0.62% |
| 62 | PLANET LABS PBC | PL-WT | 420,841 | $8.3M | 0.60% |
| 63 | ALIBABA GROUP HLDG LTD | BBAAY | 5,220,000 | $8.1M | 0.59% |
| 64 | UBER TECHNOLOGIES INC | UBER | 6,090,000 | $7.9M | 0.58% |
| 65 | CADENCE DESIGN SYSTEM INC | CDNS | 24,894 | $7.8M | 0.57% |
| 66 | BOOT BARN HLDGS INC | BOOT | 43,788 | $7.7M | 0.56% |
| 67 | REPLIGEN CORP | RGEN | 7,050,000 | $7.7M | 0.56% |
| 68 | ALPHABET INC | GOOG | 24,041 | $7.5M | 0.55% |
| 69 | ASTERA LABS INC | ALAB | 45,251 | $7.5M | 0.55% |
| 70 | NEWAMSTERDAM PHARMA COMPANY | NAMSW | 213,419 | $7.5M | 0.55% |
| 71 | WILLIAMS COS INC | 969457100 | 123,075 | $7.4M | 0.54% |
| 72 | VERA THERAPEUTICS INC | VERA | 144,810 | $7.3M | 0.53% |
| 73 | LIBERTY MEDIA CORP DEL | FWONB | 5,690,000 | $7.2M | 0.52% |
| 74 | SITIME CORP | SITM | 20,178 | $7.1M | 0.52% |
| 75 | ARGENX SE | ARGX | 8,254 | $6.9M | 0.51% |
| 76 | TERNS PHARMACEUTICALS INC | TERN | 165,781 | $6.7M | 0.49% |
| 77 | IDEAYA BIOSCIENCES INC | IDYA | 192,413 | $6.7M | 0.48% |
| 78 | NOVA LTD | NVMI | 19,818 | $6.5M | 0.47% |
| 79 | SEACOAST BKG CORP FLA | SE | 206,247 | $6.5M | 0.47% |
| 80 | JPMORGAN CHASE & CO. | VYLD | 19,967 | $6.4M | 0.47% |
| 81 | CHEVRON CORP NEW | CVX | 40,000 | $6.1M | 0.44% |
| 82 | ROIVANT SCIENCES LTD | ROIV | 279,856 | $6.1M | 0.44% |
| 83 | TJX COS INC NEW | 872540109 | 38,947 | $6.0M | 0.44% |
| 84 | CYBERARK SOFTWARE LTD | M2682V108 | 13,329 | $5.9M | 0.43% |
| 85 | POWELL INDS INC | 739128106 | 18,506 | $5.9M | 0.43% |
| 86 | WESTERN DIGITAL CORP | WDC | 1,275,000 | $5.8M | 0.43% |
| 87 | MIRUM PHARMACEUTICALS INC | MIRM | 2,250,000 | $5.8M | 0.42% |
| 88 | CRANE COMPANY | CR | 30,997 | $5.7M | 0.42% |
| 89 | AFFIRM HLDGS INC | AFRM | 5,100,000 | $5.6M | 0.41% |
| 90 | ISHARES TR | 464287648 | 17,261 | $5.6M | 0.41% |
| 91 | SYNOPSYS INC | SNPS | 11,845 | $5.6M | 0.41% |
| 92 | WINNEBAGO INDS INC | 974637AF7 | 5,900,000 | $5.5M | 0.40% |
| 93 | SPOTIFY TECHNOLOGY S A | SPOT | 9,316 | $5.4M | 0.39% |
| 94 | TRANSDIGM GROUP INC | TDG | 4,068 | $5.4M | 0.39% |
| 95 | COGENT BIOSCIENCES INC | COGT | 151,066 | $5.4M | 0.39% |
| 96 | PATRICK INDS INC | 703343103 | 47,965 | $5.2M | 0.38% |
| 97 | KLA CORP | KLAC | 4,160 | $5.1M | 0.37% |
| 98 | URANIUM ENERGY CORP | UEC | 432,292 | $5.0M | 0.37% |
| 99 | CENTRUS ENERGY CORP | LEU | 20,433 | $5.0M | 0.36% |
| 100 | SHIFT4 PMTS INC | 82452JAD1 | 5,150,000 | $4.9M | 0.36% |
| 101 | JOBY AVIATION INC | JOBY-WT | 372,129 | $4.9M | 0.36% |
| 102 | ARCUS BIOSCIENCES INC | RCUS | 204,338 | $4.9M | 0.35% |
| 103 | ORMAT TECHNOLOGIES INC | ORA | 43,767 | $4.8M | 0.35% |
| 104 | SEMTECH CORP | SMTC | 64,399 | $4.7M | 0.35% |
| 105 | ON SEMICONDUCTOR CORP | ON | 3,950,000 | $4.7M | 0.34% |
| 106 | WOLVERINE WORLD WIDE INC | WWW | 258,067 | $4.7M | 0.34% |
| 107 | CITIGROUP INC | C-PR | 40,000 | $4.7M | 0.34% |
| 108 | EXPAND ENERGY CORPORATION | EXE | 42,243 | $4.7M | 0.34% |
| 109 | ALNYLAM PHARMACEUTICALS INC | ALNY | 3,165,000 | $4.7M | 0.34% |
| 110 | CUSHMAN AND WAKEFIELD LTD | G2717C106 | 286,254 | $4.6M | 0.34% |
| 111 | UGI CORP NEW | 902681AB1 | 3,250,000 | $4.6M | 0.34% |
| 112 | ZETA GLOBAL HOLDINGS CORP | ZETA | 224,867 | $4.6M | 0.33% |
| 113 | CYTOKINETICS INC | CYTK | 70,240 | $4.5M | 0.33% |
| 114 | BURLINGTON STORES INC | BURL | 3,000,000 | $4.4M | 0.32% |
| 115 | SNOWFLAKE INC | SNOW | 20,249 | $4.4M | 0.32% |
| 116 | NATERA INC | NTRA | 19,353 | $4.4M | 0.32% |
| 117 | ROCKET COS INC | 77311W101 | 227,872 | $4.4M | 0.32% |
| 118 | RAMBUS INC DEL | RMBS | 47,803 | $4.4M | 0.32% |
| 119 | KYMERA THERAPEUTICS INC | KYMR | 55,788 | $4.3M | 0.32% |
| 120 | CROWDSTRIKE HLDGS INC | CRWD | 9,157 | $4.3M | 0.31% |
| 121 | ARISTA NETWORKS INC | ANET | 31,886 | $4.2M | 0.30% |
| 122 | ARES MANAGEMENT CORPORATION | ARES-PB | 25,622 | $4.1M | 0.30% |
| 123 | CLOUDFLARE INC | NET | 20,472 | $4.0M | 0.29% |
| 124 | GATX CORP | GATX | 22,733 | $3.9M | 0.28% |
| 125 | DISC MEDICINE INC | IRON | 48,082 | $3.8M | 0.28% |
| 126 | ONTO INNOVATION INC | ONTO | 24,095 | $3.8M | 0.28% |
| 127 | RHYTHM PHARMACEUTICALS INC | RYTM | 34,710 | $3.7M | 0.27% |
| 128 | SANMINA CORPORATION | SANM | 24,286 | $3.6M | 0.27% |
| 129 | JBT MAREL CORPORATION | JBTM | 23,842 | $3.6M | 0.26% |
| 130 | CHART INDS INC | 16115Q308 | 17,276 | $3.6M | 0.26% |
| 131 | RALPH LAUREN CORP | RL | 9,981 | $3.5M | 0.26% |
| 132 | BLOCK INC | BSQKZ | 3,500,000 | $3.4M | 0.25% |
| 133 | CURTISS WRIGHT CORP | CW | 6,194 | $3.4M | 0.25% |
| 134 | APPLE INC | AAPL | 12,364 | $3.4M | 0.24% |
| 135 | HCI GROUP INC | HCIIP | 17,520 | $3.4M | 0.24% |
| 136 | OSI SYSTEMS INC | OSIS | 2,250,000 | $3.3M | 0.24% |
| 137 | AMERICAN WTR CAP CORP | 03040WBE4 | 3,000,000 | $3.0M | 0.22% |
| 138 | REV GROUP INC | 749527107 | 49,096 | $3.0M | 0.22% |
| 139 | AEROVIRONMENT INC | AVAV | 2,750,000 | $3.0M | 0.22% |
| 140 | MICROCHIP TECHNOLOGY INC. | MCHPP | 50,860 | $3.0M | 0.22% |
| 141 | CACI INTL INC | 127190304 | 4,979 | $2.7M | 0.19% |
| 142 | QXO INC | QXO-PB | 130,897 | $2.5M | 0.18% |
| 143 | APPLIED DIGITAL CORP | APLD | 102,393 | $2.5M | 0.18% |
| 144 | TERAWULF INC | WULF | 217,667 | $2.5M | 0.18% |
| 145 | WYNN RESORTS LTD | WYNN | 20,297 | $2.4M | 0.18% |
| 146 | BOX INC | BXCAP | 2,500,000 | $2.4M | 0.18% |
| 147 | ANNALY CAPITAL MANAGEMENT IN | NLY-PJ | 106,805 | $2.4M | 0.17% |
| 148 | MARATHON PETE CORP | MARA | 14,296 | $2.3M | 0.17% |
| 149 | VERTIV HOLDINGS CO | VRT | 13,795 | $2.2M | 0.16% |
| 150 | UNITED THERAPEUTICS CORP DEL | UTHR | 4,553 | $2.2M | 0.16% |
| 151 | VIAVI SOLUTIONS INC | VIAV | 124,276 | $2.2M | 0.16% |
| 152 | VIRIDIAN THERAPEUTICS INC | VRDN | 67,082 | $2.1M | 0.15% |
| 153 | FULCRUM THERAPEUTICS INC | FULC | 182,961 | $2.1M | 0.15% |
| 154 | ASML HOLDING N V | ASMLF | 1,878 | $2.0M | 0.15% |
| 155 | LAM RESEARCH CORP | LRCX | 11,544 | $2.0M | 0.14% |
| 156 | HF SINCLAIR CORP | DINO | 42,150 | $1.9M | 0.14% |
| 157 | GRAHAM CORP | GHM | 29,388 | $1.9M | 0.14% |
| 158 | CONOCOPHILLIPS | COP | 20,000 | $1.9M | 0.14% |
| 159 | SHOPIFY INC | SHOP | 10,781 | $1.7M | 0.13% |
| 160 | IMMUNOCORE HLDGS PLC | IMCR | 1,900,000 | $1.7M | 0.13% |
| 161 | CORE SCIENTIFIC INC NEW | 21874A106 | 112,077 | $1.6M | 0.12% |
| 162 | PALO ALTO NETWORKS INC | PANW | 8,845 | $1.6M | 0.12% |
| 163 | OLEMA PHARMACEUTICALS INC | OLMA | 64,757 | $1.6M | 0.12% |
| 164 | CENTRUS ENERGY CORP | LEU | 540,000 | $1.4M | 0.11% |
| 165 | GAP INC | GAP | 56,207 | $1.4M | 0.10% |
| 166 | EVERCORE INC | EVR | 4,108 | $1.4M | 0.10% |
| 167 | ASCENDIS PHARMA A/S | ASND | 6,265 | $1.3M | 0.10% |
| 168 | ISHARES TR | 464287655 | 5,122 | $1.3M | 0.09% |
| 169 | TAPESTRY INC | TPR | 9,702 | $1.2M | 0.09% |
| 170 | NEWMARK GROUP INC | NMRK | 70,232 | $1.2M | 0.09% |
| 171 | FIRST CTZNS BANCSHARES INC D | 31946M103 | 567 | $1.2M | 0.09% |
| 172 | QXO INC | QXO-PB | 22,000 | $1.2M | 0.09% |
| 173 | ZSCALER INC | ZS | 5,387 | $1.2M | 0.09% |
| 174 | OKLO INC | OKLO | 16,496 | $1.2M | 0.09% |
| 175 | SHARKNINJA INC | SN | 10,560 | $1.2M | 0.09% |
| 176 | BARCLAYS PLC | BCLYF | 45,279 | $1.2M | 0.08% |
| 177 | OLD DOMINION FREIGHT LINE IN | ODFL | 6,589 | $1.0M | 0.08% |
| 178 | NATIONAL FUEL GAS CO | NFG | 11,942 | $956,077 | 0.07% |
| 179 | MERCADOLIBRE INC | MELI | 470 | $946,702 | 0.07% |
| 180 | TEXAS ROADHOUSE INC | TXRH | 5,227 | $867,682 | 0.06% |
| 181 | AMER SPORTS INC | AS | 21,898 | $817,890 | 0.06% |
| 182 | ROSS STORES INC | ROST | 4,291 | $772,981 | 0.06% |
| 183 | INTUITIVE SURGICAL INC | ISRG | 1,341 | $759,489 | 0.06% |
| 184 | DARDEN RESTAURANTS INC | DRI | 4,067 | $748,409 | 0.05% |
| 185 | VISA INC | V | 2,109 | $739,647 | 0.05% |
| 186 | MASTERCARD INCORPORATED | MA | 1,281 | $731,297 | 0.05% |
| 187 | SAIA INC | SAIA | 2,218 | $724,221 | 0.05% |
| 188 | LINDBLAD EXPEDITIONS HLDGS I | LIND | 46,556 | $671,338 | 0.05% |
| 189 | AFFIRM HLDGS INC | AFRM | 8,495 | $632,283 | 0.05% |
| 190 | NETFLIX INC | NFLX | 6,636 | $622,191 | 0.05% |
| 191 | DICKS SPORTING GOODS INC | 253393102 | 3,082 | $610,144 | 0.04% |
| 192 | C H ROBINSON WORLDWIDE INC | CHRW | 3,619 | $581,790 | 0.04% |
| 193 | DOORDASH INC | DASH | 2,422 | $548,535 | 0.04% |
| 194 | JONES LANG LASALLE INC | JLL | 1,596 | $537,006 | 0.04% |
| 195 | ORACLE CORP | ORCL-PD | 2,755 | $536,977 | 0.04% |
| 196 | INSULET CORP | PODD | 1,862 | $529,255 | 0.04% |
| 197 | CIDARA THERAPEUTICS INC | 171757206 | 2,375 | $524,614 | 0.04% |
| 198 | XYLEM INC | XYL | 3,184 | $433,597 | 0.03% |
| 199 | ADVANCED MICRO DEVICES INC | AMD | 1,923 | $411,830 | 0.03% |
| 200 | DATADOG INC | DDOG | 3,028 | $411,778 | 0.03% |
| 201 | MARVELL TECHNOLOGY INC | MRVL | 4,748 | $403,485 | 0.03% |
| 202 | TEMPUS AI INC | TEM | 6,459 | $381,404 | 0.03% |
| 203 | INTUIT | INTU | 571 | $378,242 | 0.03% |
| 204 | CELSIUS HLDGS INC | CELH | 7,760 | $354,942 | 0.03% |
| 205 | STANDARDAERO INC | SARO | 6,987 | $200,387 | 0.01% |