NZS Capital LLC's Q1 2022 13F: 6 new positions, 9 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 16, 2022 · 65 reported positions · accession 0001816616-22-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | COMCAST CORP NEW (CMCSA) | 2.8% | — | −2.8 pts | −626K sh | −100% |
| Increased | NETFLIX INC (NFLX) | 0.5% | 1.8% | +1.3 pts | +37,756 sh | +425% |
| Reduced | TEXAS INSTRS INC (TXN) | 3.9% | 3.1% | −0.8 pts | −66,807 sh | −29% |
| Increased | ZENDESK INC (ZEN) | 0.5% | 1.9% | +1.4 pts | +99,698 sh | +180% |
| Exited | TWITTER INC (TWTR) | 1.1% | — | −1.1 pts | −298K sh | −100% |
| Reduced | T-MOBILE US INC (TMUS) | 3.7% | 3.6% | −0.1 pts | −85,497 sh | −23% |
| Reduced | AMPHENOL CORP NEW (APH) | 3.9% | 2.9% | −1.0 pts | −133K sh | −26% |
| Reduced | NVIDIA CORPORATION (NVDA) | 2.1% | 1.4% | −0.8 pts | −33,275 sh | −40% |
| New | AVALARA INC (AVLR) | — | 0.9% | +0.9 pts | +90,812 sh | new |
| Reduced | MICROCHIP TECHNOLOGY INC. (MCHP) | 4.0% | 3.1% | −0.9 pts | −118K sh | −22% |
| New | ADVANCED MICRO DEVICES INC (AMD) | — | 0.9% | +0.9 pts | +80,854 sh | new |
| Reduced | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 0.8% | 0.0% | −0.8 pts | −79,512 sh | −100% |
| Increased | INTUITIVE SURGICAL INC (ISRG) | 0.2% | 1.0% | +0.8 pts | +27,398 sh | +435% |
| New | CYBERARK SOFTWARE LTD (CYBR) | — | 0.8% | +0.8 pts | +47,200 sh | new |
| Increased | PAYPAL HLDGS INC (PYPL) | 1.7% | 2.0% | +0.3 pts | +65,754 sh | +65% |
| Increased | AMAZON COM INC (AMZN) | 2.7% | 3.8% | +1.1 pts | +2,309 sh | +25% |
| Increased | SAILPOINT TECHNOLOGIES HLDGS (SAIL) | 1.3% | 2.2% | +0.9 pts | +125K sh | +41% |
| Exited | BLOCK INC (XYZ) | 0.6% | — | −0.6 pts | −44,345 sh | −100% |
| Increased | OKTA INC (OKTA) | 1.0% | 1.4% | +0.4 pts | +40,427 sh | +78% |
| Exited | SONY GROUP CORPORATION (SONY) | 0.6% | — | −0.6 pts | −55,326 sh | −100% |
| Increased | TERADYNE INC (TER) | 0.4% | 1.0% | +0.5 pts | +50,189 sh | +170% |
| Exited | TAKE-TWO INTERACTIVE SOFTWAR (TTWO) | 0.5% | — | −0.5 pts | −35,099 sh | −100% |
| Increased | CADENCE DESIGN SYSTEM INC (CDNS) | 1.3% | 1.9% | +0.6 pts | +32,619 sh | +40% |
| Increased | AIRBNB INC (ABNB) | 0.5% | 1.2% | +0.6 pts | +31,209 sh | +85% |
| Reduced | KEYSIGHT TECHNOLOGIES INC (KEYS) | 0.9% | 0.3% | −0.6 pts | −33,295 sh | −64% |
| Reduced | MICROSOFT CORP (MSFT) | 7.8% | 7.7% | −0.1 pts | −17,024 sh | −6% |
| Exited | ZILLOW GROUP INC (Z) | 0.5% | — | −0.5 pts | −93,245 sh | −100% |
| Exited | PELOTON INTERACTIVE INC (PTON) | 0.5% | — | −0.5 pts | −164K sh | −100% |
| Reduced | CROWN CASTLE INTL CORP NEW (CCI) | 3.3% | 2.9% | −0.4 pts | −26,565 sh | −15% |
| New | BOX INC (BOX) | — | 0.4% | +0.4 pts | +141K sh | new |
| Reduced | BALL CORP (BALL) | 2.2% | 2.0% | −0.2 pts | −41,569 sh | −16% |
| Reduced | SHOPIFY INC (SHOP) | 0.9% | 0.1% | −0.7 pts | −5,155 sh | −73% |
| Increased | CLOUDFLARE INC (NET) | 0.2% | 0.6% | +0.3 pts | +27,662 sh | +143% |
| Reduced | ANSYS INC (ANSS) | 0.7% | 0.3% | −0.4 pts | −10,245 sh | −50% |
| Increased | MERCADOLIBRE INC (MELI) | 1.1% | 1.4% | +0.3 pts | +2,597 sh | +28% |
| Exited | ASML HOLDING N V (ASML) | 0.3% | — | −0.3 pts | −4,387 sh | −100% |
| Increased | COSTAR GROUP INC (CSGP) | 0.6% | 0.8% | +0.3 pts | +43,610 sh | +55% |
| Reduced | MICRON TECHNOLOGY INC (MU) | 1.8% | 1.5% | −0.4 pts | −36,518 sh | −16% |
| New | ZSCALER INC (ZS) | — | 0.3% | +0.3 pts | +10,875 sh | new |
| Increased | LAM RESEARCH CORP (LRCX) | 3.5% | 3.3% | −0.2 pts | +4,732 sh | +9% |
| Increased | SALESFORCE COM INC (CRM) | 4.9% | 5.0% | +0.1 pts | +11,196 sh | +5% |
| Increased | SNAP INC (SNAP) | 0.9% | 1.1% | +0.1 pts | +61,301 sh | +27% |
| Reduced | PARAMOUNT GLOBAL (PARA) | 1.5% | 1.9% | +0.4 pts | −54,665 sh | −10% |
| Increased | AFFIRM HLDGS INC (AFRM) | 0.3% | 0.3% | +0.1 pts | +42,170 sh | +139% |
| Increased | TYLER TECHNOLOGIES INC (TYL) | 0.9% | 1.0% | +0.1 pts | +3,788 sh | +20% |
| Reduced | KLA CORP (KLAC) | 3.5% | 3.3% | −0.2 pts | −4,282 sh | −5% |
| Increased | CHIPOTLE MEXICAN GRILL INC (CMG) | 0.4% | 0.5% | +0.2 pts | +979 sh | +40% |
| Increased | UNITY SOFTWARE INC (U) | 0.2% | 0.3% | +0.1 pts | +15,127 sh | +108% |
| Increased | CATALENT INC (CTLT) | 0.4% | 0.5% | +0.1 pts | +13,293 sh | +41% |
| New | TWILIO INC (TWLO) | — | 0.1% | +0.1 pts | +8,871 sh | new |
The 50 largest of 72 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- NCINO INC (NCNO): 63947U107 → 63947X101, 27,159 → 86,092 shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 45.3% of the equity book
Changes in the top 10 this quarter: AMZN entered · AAPL entered · MCHP left · APH left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ALPHABET INC (GOOG) | 7.0% | 7.8% | |
| 2 | MICROSOFT CORP (MSFT) | 7.8% | 7.7% | |
| 3 | SALESFORCE COM INC (CRM) | 4.9% | 5.0% | |
| 4 | WORKDAY INC (WDAY) | 3.9% | 4.0% | |
| 5 | AMAZON COM INC (AMZN) | 2.7% | 3.8% | Entered the top 10 |
| 6 | APPLE INC (AAPL) | 3.3% | 3.7% | Entered the top 10 |
| 7 | T-MOBILE US INC (TMUS) | 3.7% | 3.6% | |
| 8 | LAM RESEARCH CORP (LRCX) | 3.5% | 3.3% | |
| 9 | KLA CORP (KLAC) | 3.5% | 3.3% | |
| 10 | TEXAS INSTRS INC (TXN) | 3.9% | 3.1% | |
| — | MICROCHIP TECHNOLOGY INC. (MCHP) | 4.0% | 3.1% | Left the top 10 |
| — | AMPHENOL CORP NEW (APH) | 3.9% | 2.9% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).