Abdiel Capital Advisors, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Abdiel Capital Advisors, LP reported 6 stock positions worth $330.5 million. Its top holding was HCA Healthcare (HCA) at 44.7% of the portfolio, followed by Global-E Online (GLBE, 21.5%) and Affirm (AFRM, 21.2%). Compared with Q2 2025, it opened 2 new positions, sold out of 4 and reduced 3. The biggest buy was a new position in BBB Foods Class A (TBBB) and the biggest sale an exit from Toast Class A (TOST).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001578684
- Portfolio Value
- $330.5M (Q3 2025)
- SEC Filing
- 0000904454-25-000605 ↗ filed Nov 14, 2025
Holdings Value
Holdings 6 stocks · $330.5M
| HCA HCA Healthcare Inc. | 44.66% | 346,322 | $147.6M | Reduce -46.4% |
| GLBE Global-E Online Ltd. | 21.50% | 1,987,385 | $71.1M | Reduce -0.2% |
| AFRM Affirm Holdings Inc. | 21.22% | 959,582 | $70.1M | No change |
| APPN Appian Corp. Class A | 12.25% | 1,324,188 | $40.5M | Reduce -82.8% |
| TBBB BBB Foods Inc. Class A | 0.33% | 40,420 | $1.1M | New |
| GBTG Global Business Travel Group | 0.04% | 17,041 | $138K | New |
Portfolio Sells Q2 2025 → Q3 2025
| TOST Toast Inc. Class A | Sold out | 0.00% | −12.84 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −11.15 |
| FND Floor & Decor Holdings Inc. Class A | Sold out | 0.00% | −10.53 |
| APPN Appian Corp. Class A | Reduce -82.8% | 12.25% | −9.28 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −8.37 |
| GLBE Global-E Online Ltd. | Reduce -0.2% | 21.50% | +15.26 |
| HCA HCA Healthcare Inc. | Reduce -46.4% | 44.66% | +21.52 |
Portfolio Buys Q2 2025 → Q3 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 |