13F HOLDINGS REPORT
NZS Capital, LLC
Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001816616-26-000002
Total Value
$3.26B
Positions
62
Other Managers
0
Confidential Omitted
No
Holdings (62)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ALPHABET INC | GOOG | 815,373 | $255.9M | 7.85% |
| 2 | CADENCE DESIGN SYSTEM INC | CDNS | 469,857 | $146.9M | 4.50% |
| 3 | DANAHER CORPORATION | 235851102 | 630,666 | $144.4M | 4.43% |
| 4 | LAM RESEARCH CORP | LRCX | 739,673 | $126.6M | 3.88% |
| 5 | AMERICAN TOWER CORP NEW | 03027X100 | 621,577 | $109.1M | 3.35% |
| 6 | PROGRESSIVE CORP | 743315103 | 468,365 | $106.7M | 3.27% |
| 7 | WORKDAY INC | WDAY | 488,576 | $104.9M | 3.22% |
| 8 | LINDE PLC | LIN | 244,345 | $104.2M | 3.20% |
| 9 | ROPER TECHNOLOGIES INC | ROP | 226,315 | $100.7M | 3.09% |
| 10 | TEXAS INSTRS INC | 882508104 | 522,259 | $90.6M | 2.78% |
| 11 | INGERSOLL RAND INC | IR | 982,491 | $77.8M | 2.39% |
| 12 | GARTNER INC | IT | 301,284 | $76.0M | 2.33% |
| 13 | TRANE TECHNOLOGIES PLC | TT | 192,774 | $75.0M | 2.30% |
| 14 | UNITED RENTALS INC | URI | 90,145 | $73.0M | 2.24% |
| 15 | AMPHENOL CORP NEW | 032095101 | 485,926 | $65.7M | 2.01% |
| 16 | INTUITIVE SURGICAL INC | ISRG | 111,005 | $62.9M | 1.93% |
| 17 | SHOPIFY INC | SHOP | 379,328 | $61.1M | 1.87% |
| 18 | GALLAGHER ARTHUR J & CO | 363576109 | 229,704 | $59.4M | 1.82% |
| 19 | UBER TECHNOLOGIES INC | UBER | 724,254 | $59.2M | 1.82% |
| 20 | KLA CORP | KLAC | 46,815 | $56.9M | 1.74% |
| 21 | APPLE INC | AAPL | 208,934 | $56.8M | 1.74% |
| 22 | PROCORE TECHNOLOGIES INC | PCOR | 773,108 | $56.2M | 1.72% |
| 23 | NVIDIA CORPORATION | NVDA | 294,117 | $54.9M | 1.68% |
| 24 | SNOWFLAKE INC | SNOW | 248,459 | $54.5M | 1.67% |
| 25 | NU HLDGS LTD | NU | 3,066,393 | $51.3M | 1.57% |
| 26 | HEICO CORP NEW | HEI-A | 199,636 | $50.4M | 1.55% |
| 27 | MERCADOLIBRE INC | MELI | 23,239 | $46.8M | 1.44% |
| 28 | TOAST INC | TOST | 1,296,518 | $46.0M | 1.41% |
| 29 | ATLASSIAN CORPORATION | TEAM | 283,603 | $46.0M | 1.41% |
| 30 | ARM HOLDINGS PLC | 042068205 | 411,748 | $45.0M | 1.38% |
| 31 | SYNOPSYS INC | SNPS | 95,531 | $44.9M | 1.38% |
| 32 | QUANTA SVCS INC | 74762E102 | 103,258 | $43.6M | 1.34% |
| 33 | LATTICE SEMICONDUCTOR CORP | LSCC | 551,323 | $40.6M | 1.24% |
| 34 | SAILPOINT INC | SAIL | 1,959,650 | $39.6M | 1.22% |
| 35 | SERVICETITAN INC | TTAN | 362,203 | $38.6M | 1.18% |
| 36 | GLOBAL E ONLINE LTD | GLBE | 958,551 | $37.7M | 1.16% |
| 37 | HEICO CORP NEW | HEI-A | 113,566 | $36.7M | 1.13% |
| 38 | MICROSOFT CORP | MSFT | 74,048 | $35.8M | 1.10% |
| 39 | MARVELL TECHNOLOGY INC | MRVL | 420,357 | $35.7M | 1.10% |
| 40 | PENUMBRA INC | PEN | 108,586 | $33.8M | 1.04% |
| 41 | REPLIGEN CORP | RGEN | 198,803 | $32.6M | 1.00% |
| 42 | DOORDASH INC | DASH | 140,991 | $31.9M | 0.98% |
| 43 | AXON ENTERPRISE INC | AXON | 54,737 | $31.1M | 0.95% |
| 44 | COSTAR GROUP INC | CSGP | 441,362 | $29.7M | 0.91% |
| 45 | AFFIRM HLDGS INC | AFRM | 360,091 | $26.8M | 0.82% |
| 46 | ZILLOW GROUP INC | Z | 386,733 | $26.4M | 0.81% |
| 47 | COGNEX CORP | CGNX | 692,849 | $24.9M | 0.76% |
| 48 | MONOLITHIC PWR SYS INC | 609839105 | 26,209 | $23.8M | 0.73% |
| 49 | SERVICENOW INC | NOW | 142,676 | $21.9M | 0.67% |
| 50 | REDDIT INC | RDDT | 94,117 | $21.6M | 0.66% |
| 51 | CLOUDFLARE INC | NET | 106,537 | $21.0M | 0.64% |
| 52 | COINBASE GLOBAL INC | COIN | 85,051 | $19.2M | 0.59% |
| 53 | ANALOG DEVICES INC | ADI | 68,879 | $18.7M | 0.57% |
| 54 | FLOOR & DECOR HLDGS INC | FND | 270,274 | $16.5M | 0.50% |
| 55 | TYLER TECHNOLOGIES INC | TYL | 32,620 | $14.8M | 0.45% |
| 56 | JFROG LTD | FROG | 236,247 | $14.8M | 0.45% |
| 57 | LEMONADE INC | LMND | 130,379 | $9.3M | 0.28% |
| 58 | FIGMA INC | FIG | 178,537 | $6.7M | 0.20% |
| 59 | HEARTFLOW INC | HTFL | 209,688 | $6.1M | 0.19% |
| 60 | CROWDSTRIKE HLDGS INC | CRWD | 10,111 | $4.7M | 0.15% |
| 61 | SPOTIFY TECHNOLOGY S A | SPOT | 6,019 | $3.5M | 0.11% |
| 62 | MONDAY COM LTD | MNDY | 16,646 | $2.5M | 0.08% |