Abdiel Capital Advisors, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Abdiel Capital Advisors, LP reported 8 stock positions worth $1.1 billion. Its top holding was HCA Healthcare (HCA) at 23.1% of the portfolio, followed by Appian Class A (APPN, 21.5%) and Toast Class A (TOST, 12.8%). Compared with Q1 2025, it opened 1 new position, added to 1 and reduced 6. The biggest buy was a new position in Unitedhealth (UNH) and the biggest sale Appian Class A (APPN, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001578684
- Portfolio Value
- $1.1B (Q2 2025)
- SEC Filing
- 0000904454-25-000430 ↗ filed Aug 14, 2025
Holdings Value
Holdings 8 stocks · $1.1B
| HCA HCA Healthcare Inc. | 23.14% | 646,222 | $247.6M | Add +35.5% |
| APPN Appian Corp. Class A | 21.53% | 7,715,335 | $230.4M | Reduce -24.2% |
| TOST Toast Inc. Class A | 12.84% | 3,101,915 | $137.4M | Reduce -13.9% |
| BILL Bill Holdings Inc. | 11.15% | 2,579,611 | $119.3M | Reduce -7.8% |
| FND Floor & Decor Holdings Inc. Class A | 10.53% | 1,482,936 | $112.6M | Reduce -9.2% |
| UNH Unitedhealth Group Inc. | 8.37% | 286,929 | $89.5M | New |
| GLBE Global-E Online Ltd. | 6.24% | 1,991,885 | $66.8M | Reduce -13.8% |
| AFRM Affirm Holdings Inc. | 6.20% | 959,582 | $66.3M | Reduce -13.8% |
Portfolio Sells Q1 2025 → Q2 2025
| APPN Appian Corp. Class A | Reduce -24.2% | 21.53% | −8.70 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -9.2% | 10.53% | −3.01 |
| GLBE Global-E Online Ltd. | Reduce -13.8% | 6.24% | −2.25 |
| BILL Bill Holdings Inc. | Reduce -7.8% | 11.15% | −2.08 |
| TOST Toast Inc. Class A | Reduce -13.9% | 12.84% | +0.52 |
| AFRM Affirm Holdings Inc. | Reduce -13.8% | 6.20% | +1.01 |
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 5 | $51.8M | HCA, AFRM, GLBE, NAVN, GBTG |
| Q1 2026 | 5 | $52.0M | HCA, GLBE, AFRM, NAVN, GBTG |
| Q4 2025 | 7 | $71.0M | HCA, GLBE, AFRM, APPN, CPNG |
| Q3 2025 | 6 | $330.5M | HCA, GLBE, AFRM, APPN, TBBB |
| Q2 2025 | 8 | $1.1B | HCA, APPN, TOST, BILL, FND |
| Q1 2025 | 7 | $970.1M | APPN, HCA, FND, BILL, TOST |
| Q4 2024 | 7 | $1.6B | BILL, APPN, GLBE, HUBS, FND |
| Q3 2024 | 7 | $1.7B | APPN, BILL, HUBS, TOST, GLBE |
| Q2 2024 | 7 | $1.4B | HUBS, GLBE, TOST, BILL, APPN |
| Q1 2024 | 7 | $1.6B | HUBS, TOST, GLBE, APPN, FND |