13F HOLDINGS REPORT
NZS Capital, LLC
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001816616-25-000008
Total Value
$3.27B
Positions
61
Other Managers
0
Confidential Omitted
No
Holdings (61)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ALPHABET INC | GOOG | 891,277 | $217.1M | 6.65% |
| 2 | CADENCE DESIGN SYSTEM INC | CDNS | 512,744 | $180.1M | 5.52% |
| 3 | LAM RESEARCH CORP | LRCX | 1,071,186 | $143.4M | 4.39% |
| 4 | PROGRESSIVE CORP | 743315103 | 500,597 | $123.6M | 3.79% |
| 5 | AMPHENOL CORP NEW | 032095101 | 882,126 | $109.2M | 3.34% |
| 6 | ROPER TECHNOLOGIES INC | ROP | 218,882 | $109.2M | 3.34% |
| 7 | WORKDAY INC | WDAY | 405,514 | $97.6M | 2.99% |
| 8 | DANAHER CORPORATION | 235851102 | 490,795 | $97.3M | 2.98% |
| 9 | SHOPIFY INC | SHOP | 631,397 | $93.8M | 2.87% |
| 10 | TEXAS INSTRS INC | 882508104 | 499,162 | $91.7M | 2.81% |
| 11 | LINDE PLC | LIN | 191,749 | $91.1M | 2.79% |
| 12 | UNITED RENTALS INC | URI | 95,318 | $91.0M | 2.79% |
| 13 | AMERICAN TOWER CORP NEW | 03027X100 | 440,213 | $84.7M | 2.59% |
| 14 | INGERSOLL RAND INC | IR | 893,381 | $73.8M | 2.26% |
| 15 | FISERV INC | FISV | 544,102 | $70.2M | 2.15% |
| 16 | GARTNER INC | IT | 258,038 | $67.8M | 2.08% |
| 17 | ARM HOLDINGS PLC | 042068205 | 447,955 | $63.4M | 1.94% |
| 18 | NVIDIA CORPORATION | NVDA | 336,510 | $62.8M | 1.92% |
| 19 | SNOWFLAKE INC | SNOW | 247,057 | $55.7M | 1.71% |
| 20 | TRANE TECHNOLOGIES PLC | TT | 130,122 | $54.9M | 1.68% |
| 21 | PROCORE TECHNOLOGIES INC | PCOR | 750,719 | $54.7M | 1.68% |
| 22 | KLA CORP | KLAC | 47,511 | $51.2M | 1.57% |
| 23 | HEICO CORP NEW | HEI-A | 197,632 | $50.2M | 1.54% |
| 24 | MERCADOLIBRE INC | MELI | 21,413 | $50.0M | 1.53% |
| 25 | LATTICE SEMICONDUCTOR CORP | LSCC | 671,146 | $49.2M | 1.51% |
| 26 | INTUITIVE SURGICAL INC | ISRG | 110,014 | $49.2M | 1.51% |
| 27 | NU HLDGS LTD | NU | 3,038,126 | $48.6M | 1.49% |
| 28 | UBER TECHNOLOGIES INC | UBER | 495,767 | $48.6M | 1.49% |
| 29 | TOAST INC | TOST | 1,286,284 | $47.0M | 1.44% |
| 30 | SYNOPSYS INC | SNPS | 94,849 | $46.8M | 1.43% |
| 31 | MARVELL TECHNOLOGY INC | MRVL | 517,331 | $43.5M | 1.33% |
| 32 | QUANTA SVCS INC | 74762E102 | 102,073 | $42.3M | 1.30% |
| 33 | APPLE INC | AAPL | 161,251 | $41.1M | 1.26% |
| 34 | SAILPOINT INC | SAIL | 1,747,161 | $38.6M | 1.18% |
| 35 | MICROSOFT CORP | MSFT | 74,048 | $38.4M | 1.17% |
| 36 | HEICO CORP NEW | HEI-A | 112,446 | $36.3M | 1.11% |
| 37 | SERVICETITAN INC | TTAN | 341,747 | $34.5M | 1.06% |
| 38 | GLOBAL E ONLINE LTD | GLBE | 950,631 | $34.0M | 1.04% |
| 39 | ATLASSIAN CORPORATION | TEAM | 211,180 | $33.7M | 1.03% |
| 40 | COSTAR GROUP INC | CSGP | 373,432 | $31.5M | 0.96% |
| 41 | COGNEX CORP | CGNX | 685,976 | $31.1M | 0.95% |
| 42 | DOORDASH INC | DASH | 108,555 | $29.5M | 0.90% |
| 43 | COINBASE GLOBAL INC | COIN | 84,337 | $28.5M | 0.87% |
| 44 | REPLIGEN CORP | RGEN | 196,777 | $26.3M | 0.81% |
| 45 | AFFIRM HLDGS INC | AFRM | 356,926 | $26.1M | 0.80% |
| 46 | CHIPOTLE MEXICAN GRILL INC | CMG | 660,172 | $25.9M | 0.79% |
| 47 | ZILLOW GROUP INC | Z | 322,803 | $24.9M | 0.76% |
| 48 | SERVICENOW INC | NOW | 26,485 | $24.4M | 0.75% |
| 49 | MONOLITHIC PWR SYS INC | 609839105 | 26,000 | $23.9M | 0.73% |
| 50 | CLOUDFLARE INC | NET | 105,753 | $22.7M | 0.69% |
| 51 | PENUMBRA INC | PEN | 86,984 | $22.0M | 0.67% |
| 52 | REDDIT INC | RDDT | 93,295 | $21.5M | 0.66% |
| 53 | AXON ENTERPRISE INC | AXON | 28,375 | $20.4M | 0.62% |
| 54 | FLOOR & DECOR HLDGS INC | FND | 267,750 | $19.7M | 0.60% |
| 55 | SALESFORCE INC | CRM | 80,846 | $19.2M | 0.59% |
| 56 | MONDAY COM LTD | MNDY | 65,087 | $12.6M | 0.39% |
| 57 | ANALOG DEVICES INC | ADI | 48,914 | $12.0M | 0.37% |
| 58 | FIGMA INC | FIG | 155,582 | $8.1M | 0.25% |
| 59 | NETFLIX INC | NFLX | 6,107 | $7.3M | 0.22% |
| 60 | LEMONADE INC | LMND | 129,084 | $6.9M | 0.21% |
| 61 | CROWDSTRIKE HLDGS INC | CRWD | 10,111 | $5.0M | 0.15% |