Institutional Manager · CIK 0001977402
Technology Crossover Management XI, Ltd.
Menlo Park, CA · File #028-23242
Latest AUM
$740.2M
Positions
2
Top-10 Concentration
100.0%
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 |
|---|---|---|---|---|---|
| EXITED | Maplebear Inc. | 565394103 | -2,700,000 | -$99.3M | $0 |
| REDUCE | Spotify Technologies, S.A. | SPOT | 0 | $0 | -$117.3M |
| REDUCE | Zillow Group, Inc. | Z | 0 | $0 | -$20.6M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20252 pos · $740.2M
- 13F HOLDINGS REPORTQ/E Sep 20253 pos · $977.4M
- 13F HOLDINGS REPORTQ/E Jun 20253 pos · $1.05B
- 13F HOLDINGS REPORTQ/E Mar 20253 pos · $981.6M
- 13F HOLDINGS REPORTQ/E Dec 20243 pos · $865.4M
- 13F HOLDINGS REPORTQ/E Sep 20243 pos · $737.4M
- 13F HOLDINGS REPORTQ/E Jun 20243 pos · $602.3M
- 13F HOLDINGS REPORTQ/E Mar 20242 pos · $443.0M
- 13F HOLDINGS REPORTQ/E Dec 20232 pos · $280.8M
Top 2 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Spotify Technologies, S.A. | SPOT | 1,000,000 | $580.7M | 78.45% |
| 2 | Zillow Group, Inc. | Z | 2,338,036 | $159.5M | 21.55% |