SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT LLC's Q4 2024 13F: 21 new positions, 18 exits
Form 13F-HR for the quarter ended Dec 31, 2024 · filed Feb 14, 2025 · 67 reported positions · accession 0001172661-25-000940
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | ZETA GLOBAL HOLDINGS CORP (ZETA) | 3.4% | — | −3.4 pts | −2.51M sh | −100% |
| New | VERONA PHARMA PLC (VRNA) | — | 3.0% | +3.0 pts | +1.9M sh | new |
| Exited | INSTALLED BLDG PRODS INC (IBP) | 2.5% | — | −2.5 pts | −221K sh | −100% |
| New | ADVANCED ENERGY INDS (AEIS) | — | 2.4% | +2.4 pts | +618K sh | new |
| Reduced | REDDIT INC (RDDT) | 4.7% | 6.4% | +1.7 pts | −424K sh | −26% |
| New | SOLARIS ENERGY INFRAS INC (SEI) | — | 2.3% | +2.3 pts | +2.4M sh | new |
| New | SNOWFLAKE INC (SNOW) | — | 2.1% | +2.1 pts | +411K sh | new |
| New | CHENIERE ENERGY INC (LNG) | — | 2.0% | +2.0 pts | +280K sh | new |
| New | MARVELL TECHNOLOGY INC (MRVL) | — | 1.9% | +1.9 pts | +521K sh | new |
| Exited | FIRST SOLAR INC (FSLR) | 1.7% | — | −1.7 pts | −151K sh | −100% |
| Reduced | ASTERA LABS INC (ALAB) | 3.8% | 5.6% | +1.8 pts | −360K sh | −22% |
| Exited | RXSIGHT INC (RXST) | 1.5% | — | −1.5 pts | −688K sh | −100% |
| Increased | GENEDX HOLDINGS CORP (WGS) | 0.3% | 1.9% | +1.6 pts | +583K sh | +337% |
| Exited | MODINE MFG CO (MOD) | 1.4% | — | −1.4 pts | −241K sh | −100% |
| Increased | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 3.9% | 4.5% | +0.6 pts | +186K sh | +37% |
| Exited | ORMAT TECHNOLOGIES INC (ORA) | 1.2% | — | −1.2 pts | −350K sh | −100% |
| New | WAYSTAR HLDG CORP (WAY) | — | 1.2% | +1.2 pts | +976K sh | new |
| Reduced | DATADOG INC (DDOG) | 1.9% | 0.6% | −1.3 pts | −251K sh | −68% |
| Increased | TOWER SEMICONDUCTOR LTD (TSEM) | 3.0% | 3.7% | +0.7 pts | +626K sh | +42% |
| Increased | UPSTART HLDGS INC (UPST) | 0.8% | 2.0% | +1.2 pts | +523K sh | +114% |
| Reduced | ELI LILLY & CO (LLY) | 2.9% | 0.8% | −2.1 pts | −40,913 sh | −56% |
| Reduced | MONDAY COM LTD (MNDY) | 3.5% | 1.2% | −2.4 pts | −132K sh | −47% |
| Increased | SAREPTA THERAPEUTICS INC (SRPT) | 0.8% | 1.5% | +0.8 pts | +241K sh | +175% |
| Increased | ESTABLISHMENT LABS HLDGS INC (ESTA) | 0.9% | 1.6% | +0.6 pts | +544K sh | +115% |
| Exited | TESLA INC (TSLA) | 0.8% | — | −0.8 pts | −70,000 sh | −100% |
| Reduced | PRIMORIS SVCS CORP (PRIM) | 2.2% | 1.3% | −0.9 pts | −313K sh | −37% |
| Increased | NATERA INC (NTRA) | 3.3% | 3.9% | +0.5 pts | +149K sh | +25% |
| New | NRG ENERGY INC (NRG) | — | 0.8% | +0.8 pts | +259K sh | new |
| Increased | COMMVAULT SYS INC (CVLT) | 3.1% | 3.0% | −0.1 pts | +148K sh | +34% |
| New | ALLEGRO MICROSYSTEMS INC (ALGM) | — | 0.7% | +0.7 pts | +894K sh | new |
| New | VISTRA CORP (VST) | — | 0.6% | +0.6 pts | +135K sh | new |
| New | ARGENX SE (ARGX) | — | 0.6% | +0.6 pts | +29,611 sh | new |
| New | VICOR CORP (VICR) | — | 0.6% | +0.6 pts | +368K sh | new |
| Reduced | CROWDSTRIKE HLDGS INC (CRWD) | 1.3% | 0.6% | −0.7 pts | −51,813 sh | −51% |
| Increased | RUBRIK INC. (RBRK) | 1.5% | 2.8% | +1.3 pts | +264K sh | +26% |
| Increased | GLAUKOS CORP (GKOS) | 3.6% | 3.7% | 0.0 pts | +113K sh | +18% |
| Reduced | MERCADOLIBRE INC (MELI) | 1.1% | 0.1% | −1.0 pts | −9,713 sh | −84% |
| New | PAYMENTUS HOLDINGS INC (PAY) | — | 0.6% | +0.6 pts | +505K sh | new |
| Exited | MICRON TECHNOLOGY INC (MU) | 0.5% | — | −0.5 pts | −100K sh | −100% |
| New | FRESHWORKS INC (FRSH) | — | 0.5% | +0.5 pts | +863K sh | new |
| Exited | HA SUSTAINABLE INFRA CAP INC (HASI) | 0.5% | — | −0.5 pts | −300K sh | −100% |
| New | EQT CORP (EQT) | — | 0.5% | +0.5 pts | +298K sh | new |
| Exited | ARM HOLDINGS PLC (ARM) | 0.5% | — | −0.5 pts | −70,000 sh | −100% |
| Exited | ASCENDIS PHARMA A/S (ASND) | 0.4% | — | −0.4 pts | −55,101 sh | −100% |
| Increased | CHAMPION HOMES INC (SKY) | 1.7% | 1.6% | −0.2 pts | +123K sh | +30% |
| Increased | ACV AUCTIONS INC (ACVA) | 1.4% | 1.5% | +0.1 pts | +500K sh | +32% |
| Increased | MONGODB INC (MDB) | 1.8% | 1.5% | −0.3 pts | +45,958 sh | +31% |
| Increased | SILICON MOTION TECHNOLOGY CO (SIMO) | 0.8% | 0.9% | +0.1 pts | +197K sh | +64% |
| New | FIVERR INTL LTD (FVRR) | — | 0.3% | +0.3 pts | +292K sh | new |
| Increased | CARVANA CO (CVNA) | 2.3% | 2.3% | 0.0 pts | +44,548 sh | +15% |
The 50 largest of 76 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
Top 10 positions — 41.1% of the equity book
Changes in the top 10 this quarter: NTRA entered · TSEM entered · CVLT entered · MNDY left · IOT left · ZETA left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | REDDIT INC (RDDT) | 4.7% | 6.4% | |
| 2 | ASTERA LABS INC (ALAB) | 3.8% | 5.6% | |
| 3 | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 3.9% | 4.5% | |
| 4 | NATERA INC (NTRA) | 3.3% | 3.9% | Entered the top 10 |
| 5 | GLAUKOS CORP (GKOS) | 3.6% | 3.7% | |
| 6 | TOWER SEMICONDUCTOR LTD (TSEM) | 3.0% | 3.7% | Entered the top 10 |
| 7 | SPOTIFY TECHNOLOGY S A (SPOT) | 4.3% | 3.6% | |
| 8 | GE VERNOVA INC (GEV) | 3.7% | 3.6% | |
| 9 | NVIDIA CORPORATION (NVDA) | 4.1% | 3.1% | |
| 10 | COMMVAULT SYS INC (CVLT) | 3.1% | 3.0% | Entered the top 10 |
| — | MONDAY COM LTD (MNDY) | 3.5% | 1.2% | Left the top 10 |
| — | SAMSARA INC (IOT) | 3.5% | 2.1% | Left the top 10 |
| — | ZETA GLOBAL HOLDINGS CORP (ZETA) | 3.4% | 0.0% | 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).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Increased | TESLA INC (TSLA) | Put | 50,000 | 473K | $191M |
| Reduced | INVESCO QQQ TR (QQQ) | Put | 400K | 92,500 | $47.3M |
| Increased | ASTERA LABS INC (ALAB) | Put | 175K | 1.15M | $152M |
| Increased | REDDIT INC (RDDT) | Put | 710K | 899K | $147M |
| New | NATERA INC (NTRA) | Put | 0 | 570K | $90.2M |
| New | TOWER SEMICONDUCTOR LTD (TSEM) | Put | 0 | 1.32M | $67.8M |
| New | MICROSOFT CORP (MSFT) | Call | 0 | 146K | $61.5M |
| New | SNOWFLAKE INC (SNOW) | Put | 0 | 372K | $57.4M |
| New | COMMVAULT SYS INC (CVLT) | Put | 0 | 380K | $57.3M |
| New | APPLE INC (AAPL) | Put | 0 | 225K | $56.3M |
| Reduced | ELI LILLY & CO (LLY) | Put | 87,000 | 31,600 | $24.4M |
| Reduced | VANECK ETF TRUST (SMH) | Put | 240K | 46,000 | $11.1M |
| Increased | UPSTART HLDGS INC (UPST) | Put | 300K | 930K | $57.3M |
| New | NVIDIA CORPORATION (NVDA) | Put | 0 | 300K | $40.3M |
| New | MONGODB INC (MDB) | Put | 0 | 164K | $38.2M |
| New | DATADOG INC (DDOG) | Put | 0 | 246K | $35.2M |
| Increased | SAMSARA INC (IOT) | Put | 100K | 870K | $38M |
| New | NETFLIX INC (NFLX) | Put | 0 | 35,000 | $31.2M |
| New | ISHARES TR (MTUM) | Put | 0 | 150K | $31M |
| Exited | MONDAY COM LTD (MNDY) | Put | 110K | 0 | $0 |
| New | ISHARES TR (IGV) | Put | 0 | 300K | $30M |
| Increased | SPOTIFY TECHNOLOGY S A (SPOT) | Put | 190K | 222K | $99.3M |
| New | VERTIV HOLDINGS CO (VRT) | Put | 0 | 250K | $28.4M |
| New | FIRST SOLAR INC (FSLR) | Call | 0 | 146K | $25.7M |
| Exited | FLOOR & DECOR HLDGS INC (FND) | Put | 200K | 0 | $0 |