Alkeon Capital Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Alkeon Capital Management LLC reported 75 stock positions worth $17.3 billion. Its top holding was Meta Platforms Class A (META) at 9.8% of the portfolio, followed by Amazon.com (AMZN, 9.6%) and Taiwan Semiconductor-SP ADR (TSM, 7.0%). Compared with Q3 2024, it opened 3 new positions, sold out of 5, added to 14 and reduced 26. The biggest buy was Expedia (EXPE, shares +25%) and the biggest sale Applied Materials (AMAT, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001230239
- Portfolio Value
- $17.3B (Q4 2024)
- SEC Filing
- 0000919574-25-001214 ↗ filed Feb 14, 2025
Holdings Value
Holdings 75 stocks · $17.3B
| META Meta Platforms Inc. Class A | 9.76% | 2,875,314 | $1.7B | Reduce -3.5% |
| AMZN Amazon.com Inc. | 9.55% | 7,514,931 | $1.6B | Reduce -5.7% |
| TSM Taiwan Semiconductor-SP ADR | 7.04% | 6,150,994 | $1.2B | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 5.73% | 5,224,186 | $988.9M | Reduce -6.3% |
| MSFT Microsoft Corp. | 4.22% | 1,727,953 | $728.3M | Reduce -0.1% |
| KLAC KLA Corp. | 3.67% | 1,005,835 | $633.8M | Add +6.3% |
| ADI Analog Devices Inc. | 2.85% | 2,315,237 | $491.9M | No change |
| CDNS Cadence Design SYS Inc. | 2.83% | 1,623,604 | $487.8M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.77% | 3,951,901 | $477.4M | Reduce -9.8% |
| LRCX Lam Research Corp. | 2.70% | 6,458,720 | $466.5M | Add +45.8% |
| V Visa Inc. Class A | 2.69% | 1,469,452 | $464.4M | No change |
| QQQ Invesco QQQ Trust Series 1 | 2.52% | 849,777 | $434.4M | No change |
| MA Mastercard Inc. Class A | 2.38% | 778,879 | $410.1M | No change |
| MLM Martin Marietta Materials | 2.31% | 771,198 | $398.3M | Add +46.6% |
| EQIX Equinix Inc. | 2.23% | 408,975 | $385.6M | No change |
| EXPE Expedia Group Inc. | 2.13% | 1,976,472 | $368.3M | Add +25.4% |
| VMC Vulcan Materials Co. | 1.91% | 1,282,001 | $329.8M | Add +54.1% |
| SNPS Synopsys Inc. | 1.88% | 668,637 | $324.5M | No change |
| MELI MercadoLibre Inc. | 1.88% | 190,633 | $324.2M | No change |
| TDG Transdigm Group Inc. | 1.80% | 245,791 | $311.5M | Add +25.5% |
| CEG Constellation Energy | 1.64% | 1,267,554 | $283.6M | Reduce -7.3% |
| ICE Intercontinental Exchange Inc. | 1.56% | 1,801,057 | $268.4M | No change |
| CG The Carlyle Group Inc. | 1.53% | 5,244,455 | $264.8M | Reduce -36.4% |
| DELL Dell Technologies -C | 1.50% | 2,246,777 | $258.9M | Add +4.7% |
| PWR Quanta Services Inc. | 1.28% | 701,285 | $221.6M | Add +7.9% |
| VST Vistra Corp. | 1.24% | 1,546,890 | $213.3M | Reduce -30.4% |
| ASML ASML Holding NV-NY Reg SHS | 1.22% | 303,035 | $210.0M | Reduce -45.5% |
| UBER Uber Technologies Inc. | 1.21% | 3,462,885 | $208.9M | Reduce -19.2% |
| TER Teradyne Inc. | 1.13% | 1,544,017 | $194.4M | Add +35.0% |
| APH Amphenol Corp. Class A | 0.97% | 2,400,000 | $166.7M | No change |
| YMM Full Truck Alliance -SPN ADR | 0.87% | 13,921,570 | $150.6M | Reduce -42.6% |
| SSNC Ss&c Technologies Holdings | 0.86% | 1,966,252 | $149.0M | Reduce -15.1% |
| JD Jd.com Inc.-ADR | 0.76% | 3,777,272 | $131.0M | Reduce -24.9% |
| GE General Electric filed as GE AEROSPACE | 0.68% | 700,000 | $116.8M | Add +133.3% |
| LOW Lowe's Cos Inc. | 0.64% | 449,078 | $110.8M | No change |
| ROST Ross Stores Inc. | 0.63% | 713,133 | $107.9M | Reduce -55.8% |
| SHW The Sherwin-Williams Co. | 0.60% | 306,970 | $104.3M | No change |
| SRPT Sarepta Therapeutics Inc. | 0.60% | 853,845 | $103.8M | Add +34.7% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.54% | 5,025,999 | $92.6M | Reduce -54.4% |
| SPGI S&P Global Inc. | 0.49% | 169,548 | $84.4M | No change |
| EDU New Oriental Educatio-SP ADR | 0.48% | 1,303,597 | $83.7M | Reduce -16.6% |
| AMT American Tower Corp. | 0.46% | 428,730 | $78.6M | No change |
| NVDA Nvidia Corp. | 0.45% | 574,953 | $77.2M | Reduce -14.8% |
| XYZ Block Inc. | 0.43% | 866,200 | $73.6M | Reduce -44.7% |
| RARE Ultragenyx Pharmaceutical Inc. | 0.41% | 1,686,716 | $71.0M | Reduce -44.0% |
| BPMC Blueprint Medicines Corp. | 0.40% | 800,628 | $69.8M | Add +11.4% |
| RYTM Rhythm Pharmaceuticals Inc. | 0.38% | 1,167,700 | $65.4M | No change |
| YUM Yum! Brands Inc. | 0.36% | 465,951 | $62.5M | No change |
| CMG Chipotle Mexican Grill Inc. | 0.35% | 1,001,250 | $60.4M | No change |
| BCRX Biocryst Pharmaceuticals Inc. | 0.31% | 7,093,822 | $53.3M | No change |
| ALAB Astera Labs Inc. | 0.31% | 400,000 | $53.0M | Add +60.0% |
| PATH Uipath Inc. Class A | 0.30% | 4,061,276 | $51.6M | No change |
| AKRO Akero Therapeutics Inc. | 0.28% | 1,761,268 | $49.0M | Reduce -47.0% |
| ARGX Argenx SE - ADR | 0.27% | 75,000 | $46.1M | Reduce -78.3% |
| CTAS Cintas Corp. | 0.25% | 236,716 | $43.2M | No change |
| SARO Standardaero Inc. | 0.23% | 1,620,000 | $40.1M | New |
| HUBS HubSpot Inc. | 0.20% | 50,000 | $34.8M | Add +66.7% |
| RBRK Rubrik Inc. Class A | 0.19% | 500,000 | $32.7M | New |
| ORIC Oric Pharmaceuticals Inc. | 0.18% | 3,904,096 | $31.5M | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | 0.16% | 30,000,000 | $27.9M | No change |
| CACI Caci International Inc. Class A | 0.14% | 60,000 | $24.2M | New |
| TOST Toast Inc. Class A | 0.11% | 500,000 | $18.2M | No change |
| KROS Keros Therapeutics Inc. | 0.10% | 1,101,000 | $17.4M | Reduce -42.0% |
| MREO Mereo Biopharma Group PL-ADR | 0.10% | 4,698,100 | $16.4M | No change |
| AAPL Apple Inc. | 0.08% | 56,627 | $14.2M | No change |
| DLO Dlocal Ltd. | 0.05% | 823,837 | $9.3M | No change |
| KVYO Klaviyo Inc. Class A | 0.05% | 200,000 | $8.2M | Reduce -33.3% |
| AMAT Applied Materials Inc. | 0.04% | 45,000 | $7.3M | Reduce -97.6% |
| SONY Sony Group Corp. - SP ADR | 0.03% | 275,000 | $5.8M | No change |
| PCTY Paylocity Holding Corp. | 0.03% | 24,683 | $4.9M | No change |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | 0.02% | 4,000,000 | $4.1M | No change |
| PMVP PMV Pharmaceuticals Inc. | 0.02% | 2,343,731 | $3.5M | No change |
| ANRO Alto Neuroscience Inc. | 0.01% | 477,101 | $2.0M | Reduce -49.0% |
| NTES Netease Inc.-ADR | 0.01% | 18,638 | $1.7M | No change |
| FROG Jfrog Ltd. | 0.00% | 14,425 | $424K | No change |
Options reported separately and not counted above: QQQ puts ($14.0B), SPY puts ($10.1B), NVDA calls ($1.7B), MSFT calls ($1.1B), TSM calls ($888.7M), AMZN calls ($713.0M), HLT calls ($543.2M), NOW calls ($529.1M), DASH calls ($503.3M), BKNG calls ($397.5M), AVGO calls ($289.8M), WYNN calls ($249.9M), and 8 more.
Portfolio Sells Q3 2024 → Q4 2024
| AMAT Applied Materials Inc. | Reduce -97.6% | 0.04% | −2.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -45.5% | 1.22% | −1.32 |
| ARGX Argenx SE - ADR | Reduce -78.3% | 0.27% | −0.76 |
| ROST Ross Stores Inc. | Reduce -55.8% | 0.63% | −0.70 |
| BEKE Ke Holdings Inc.-ADR | Reduce -54.4% | 0.54% | −0.67 |
| UBER Uber Technologies Inc. | Reduce -19.2% | 1.21% | −0.55 |
| RARE Ultragenyx Pharmaceutical Inc. | Reduce -44.0% | 0.41% | −0.51 |
| KROS Keros Therapeutics Inc. | Reduce -42.0% | 0.10% | −0.50 |
| CG The Carlyle Group Inc. | Reduce -36.4% | 1.53% | −0.41 |
| JD Jd.com Inc.-ADR | Reduce -24.9% | 0.76% | −0.34 |
| YMM Full Truck Alliance -SPN ADR | Reduce -42.6% | 0.87% | −0.33 |
| CEG Constellation Energy | Reduce -7.3% | 1.64% | −0.30 |
| ESTC Elastic NV | Sold out | 0.00% | −0.30 |
| XP XP Inc. Class A | Sold out | 0.00% | −0.26 |
| AKRO Akero Therapeutics Inc. | Reduce -47.0% | 0.28% | −0.24 |
| VST Vistra Corp. | Reduce -30.4% | 1.24% | −0.21 |
| MQ Marqeta Inc. | Sold out | 0.00% | −0.20 |
| EDU New Oriental Educatio-SP ADR | Reduce -16.6% | 0.48% | −0.16 |
| XYZ Block Inc. | Reduce -44.7% | 0.43% | −0.15 |
| LOAR Loar Holdings Inc. | Sold out | 0.00% | −0.13 |
| RINGCENTRAL INC (RNG 0 03/01/25) | Sold out | 0.00% | −0.11 |
| SSNC Ss&c Technologies Holdings | Reduce -15.1% | 0.86% | −0.08 |
| TJX TJX Companies Inc. | Reduce -9.8% | 2.77% | −0.05 |
| ANRO Alto Neuroscience Inc. | Reduce -49.0% | 0.01% | −0.05 |
| KVYO Klaviyo Inc. Class A | Reduce -33.3% | 0.05% | −0.01 |
| NVDA Nvidia Corp. | Reduce -14.8% | 0.45% | −0.00 |
| MSFT Microsoft Corp. | Reduce -0.1% | 4.22% | +0.15 |
| META Meta Platforms Inc. Class A | Reduce -3.5% | 9.76% | +0.42 |
| GOOGL Alphabet Inc. Class A | Reduce -6.3% | 5.73% | +0.67 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.8% | 7.04% | +1.14 |
| AMZN Amazon.com Inc. | Reduce -5.7% | 9.55% | +1.43 |
Portfolio Buys Q3 2024 → Q4 2024
| EXPE Expedia Group Inc. | Add +25.4% | 2.13% | +0.86 |
| VMC Vulcan Materials Co. | Add +54.1% | 1.91% | +0.77 |
| MLM Martin Marietta Materials | Add +46.6% | 2.31% | +0.76 |
| LRCX Lam Research Corp. | Add +45.8% | 2.70% | +0.72 |
| GE General Electric | Add +133.3% | 0.68% | +0.37 |
| TER Teradyne Inc. | Add +35.0% | 1.13% | +0.29 |
| TDG Transdigm Group Inc. | Add +25.5% | 1.80% | +0.27 |
| ALAB Astera Labs Inc. | Add +60.0% | 0.31% | +0.24 |
| SARO Standardaero Inc. | New | 0.23% | +0.23 |
| PWR Quanta Services Inc. | Add +7.9% | 1.28% | +0.22 |
| RBRK Rubrik Inc. Class A | New | 0.19% | +0.19 |
| SRPT Sarepta Therapeutics Inc. | Add +34.7% | 0.60% | +0.17 |
| CACI Caci International Inc. Class A | New | 0.14% | +0.14 |
| HUBS HubSpot Inc. | Add +66.7% | 0.20% | +0.11 |
| DELL Dell Technologies -C | Add +4.7% | 1.50% | +0.11 |
| BPMC Blueprint Medicines Corp. | Add +11.4% | 0.40% | +0.04 |
| KLAC KLA Corp. | Add +6.3% | 3.67% | −0.34 |
Options Activity Q3 2024 → Q4 2024
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -35.1% | 27,370,000 | $14.0B |
| NVDA Nvidia Corp. | call | Reduce -14.7% | 12,800,000 | $1.7B |
| TSLA Tesla Inc. | call | Sold out | 6,000,000 | $1.6Bbefore exit |
| TSM Taiwan Semiconductor-SP ADR | call | Reduce -10.0% | 4,500,000 | $888.7M |
| AMZN Amazon.com Inc. | call | Reduce -18.8% | 3,250,000 | $713.0M |
| HLT Hilton Worldwide Holdings Inc. | call | Reduce -0.1% | 2,197,600 | $543.2M |
| NOW ServiceNow Inc. | call | Reduce -29.5% | 499,100 | $529.1M |
| DASH DoorDash Inc. Class A | call | Reduce -19.4% | 3,000,000 | $503.3M |
| BKNG Booking Holdings Inc. | call | Reduce -33.3% | 80,000 | $397.5M |
| AVGO Broadcom Inc. | call | Reduce -52.6% | 1,250,000 | $289.8M |
| WYNN WYNN Resorts Ltd. | call | Reduce -3.3% | 2,900,000 | $249.9M |
| LVS Las Vegas Sands Corp. | call | Add +12.5% | 4,500,000 | $231.1M |
| MAR Marriott International Class A | call | New | 770,000 | $214.8M |
| TEAM Atlassian Corp. Class A | call | New | 750,000 | $182.5M |
| MMM 3M Co. | call | New | 510,000 | $65.8M |
| AMZN Amazon.com Inc. | put | Reduce -60.0% | 300,000 | $65.8M |
| META Meta Platforms Inc. Class A | put | Reduce -48.8% | 110,000 | $64.4M |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -14.3% | 300,000 | $59.2M |
| GOOGL Alphabet Inc. Class A | put | Sold out | 350,000 | $58.0Mbefore exit |
| NVDA Nvidia Corp. | put | Reduce -21.7% | 360,000 | $48.3M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 79 | $25.9B | TSM, AMZN, LRCX, GOOGL, QQQ |
| Q1 2026 | 75 | $22.1B | TSM, GOOGL, META, AMZN, KLAC |
| Q4 2025 | 83 | $22.9B | GOOGL, TSM, AMZN, META, LRCX |
| Q3 2025 | 82 | $22.1B | META, TSM, GOOGL, AMZN, MSFT |
| Q2 2025 | 82 | $20.6B | META, GOOGL, AMZN, TSM, KLAC |
| Q1 2025 | 82 | $16.9B | META, AMZN, TSM, GOOGL, KLAC |
| Q4 2024 | 75 | $17.3B | META, AMZN, TSM, GOOGL, MSFT |
| Q3 2024 | 77 | $18.3B | META, AMZN, TSM, GOOGL, MSFT |
| Q2 2024 | 79 | $19.5B | META, AMZN, GOOGL, TSM, MSFT |
| Q1 2024 | 75 | $18.2B | META, AMZN, TSM, GOOGL, MSFT |