Institutional Manager · CIK 0001389574
Nicholas Investment Partners, LP
RANCHO SANTA FE, CA · File #028-12426
Latest AUM
$1.37B
Positions
205
Top-10 Concentration
34.0%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | REV GROUP INC | 749527107 | -362,403 | -$22.0M | +$1.7M |
| NEW | MADDEN STEVEN LTD | 556269108 | +422,075 | +$17.6M | $0 |
| NEW | ABERCROMBIE & FITCH CO | ANF | +130,197 | +$16.4M | $0 |
| REDUCE | RUSH STREET INTERACTIVE INC | RSI | -796,325 | -$15.5M | -$1.4M |
| NEW | CENTURY ALUM CO | CENX | +290,960 | +$11.4M | $0 |
| ADD | WINGSTOP INC | WING | +44,015 | +$10.5M | -$193,616 |
| EXITED | MR COOPER GROUP INC | 62482R107 | -41,680 | -$8.8M | $0 |
| ADD | ABIVAX SA | AAVXF | +63,640 | +$8.6M | +$970,526 |
| NEW | APOGEE THERAPEUTICS INC | APGE | +112,924 | +$8.5M | $0 |
| EXITED | MOELIS & CO | 60786M105 | -119,117 | -$8.5M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025205 pos · $1.37B
- 13F HOLDINGS REPORTQ/E Sep 2025211 pos · $1.31B
- 13F HOLDINGS REPORTQ/E Jun 2025211 pos · $1.12B
- 13F HOLDINGS REPORTQ/E Mar 2025192 pos · $971.1M
- 13F COMBINATION REPORTQ/E Dec 2024220 pos · $1.14B
- 13F COMBINATION REPORTQ/E Sep 2024218 pos · $1.09B
- 13F COMBINATION REPORTQ/E Jun 2024195 pos · $963.9M
- 13F COMBINATION REPORTQ/E Mar 2024201 pos · $976.3M
- 13F COMBINATION REPORTQ/E Dec 2023184 pos · $1.34B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | BWX TECHNOLOGIES INC | BWXT | 260,834 | $45.1M | 5.79% |
| 2 | INSMED INC | INSM | 180,410 | $31.4M | 4.03% |
| 3 | KRATOS DEFENSE & SEC SOLUTIO | 50077B207 | 392,032 | $29.8M | 3.82% |
| 4 | EMBRAER S.A. | EMBJ | 428,972 | $27.6M | 3.55% |
| 5 | REVOLUTION MEDICINES INC | RVMDW | 317,711 | $25.3M | 3.25% |
| 6 | BROADCOM INC | AVGO | 68,761 | $23.8M | 3.06% |
| 7 | NVIDIA CORPORATION | NVDA | 121,843 | $22.7M | 2.92% |
| 8 | BRIDGEBIO PHARMA INC | BBIO | 284,682 | $21.8M | 2.80% |
| 9 | GE VERNOVA INC | GEV | 30,410 | $19.9M | 2.55% |
| 10 | MADDEN STEVEN LTD | 556269108 | 422,075 | $17.6M | 2.26% |
| 11 | MIRUM PHARMACEUTICALS INC | MIRM | 213,391 | $16.9M | 2.16% |
| 12 | AXSOME THERAPEUTICS INC | AXSM | 91,564 | $16.7M | 2.15% |
| 13 | MICROSOFT CORP | MSFT | 34,466 | $16.7M | 2.14% |
| 14 | WINTRUST FINL CORP | 97650W108 | 117,590 | $16.4M | 2.11% |
| 15 | SEAGATE HDD CAYMAN | SE | 4,880,000 | $16.4M | 2.10% |
| 16 | ABERCROMBIE & FITCH CO | ANF | 130,197 | $16.4M | 2.10% |
| 17 | NUVALENT INC | NUVL | 160,483 | $16.1M | 2.07% |
| 18 | AMAZON COM INC | AMZN | 69,325 | $16.0M | 2.05% |
| 19 | PIPER SANDLER COMPANIES | PIPR | 46,905 | $15.9M | 2.05% |
| 20 | CAMECO CORP | CCJ | 173,449 | $15.9M | 2.04% |