Alkeon Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Alkeon Capital Management LLC reported 82 stock positions worth $16.9 billion. Its top holding was Meta Platforms Class A (META) at 9.1% of the portfolio, followed by Amazon.com (AMZN, 8.5%) and Taiwan Semiconductor-SP ADR (TSM, 6.0%). Compared with Q4 2024, it opened 10 new positions, sold out of 3, added to 16 and reduced 39. The biggest buy was a new position in Okta (OKTA) and the biggest sale ASML Holding NV-NY Reg SHS (ASML, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001230239
- Portfolio Value
- $16.9B (Q1 2025)
- SEC Filing
- 0000919574-25-003078 ↗ filed May 15, 2025
Holdings Value
Holdings 82 stocks · $16.9B
| META Meta Platforms Inc. Class A | 9.13% | 2,674,629 | $1.5B | Reduce -7.0% |
| AMZN Amazon.com Inc. | 8.47% | 7,519,899 | $1.4B | Add +0.1% |
| TSM Taiwan Semiconductor-SP ADR | 6.05% | 6,150,977 | $1.0B | Reduce 0.0% |
| GOOGL Alphabet Inc. Class A | 4.78% | 5,222,558 | $807.6M | Reduce -0.0% |
| KLAC KLA Corp. | 4.05% | 1,005,365 | $683.4M | Reduce -0.1% |
| MSFT Microsoft Corp. | 3.84% | 1,726,176 | $648.0M | Reduce -0.1% |
| LRCX Lam Research Corp. | 3.42% | 7,954,456 | $578.3M | Add +23.2% |
| V Visa Inc. Class A | 3.05% | 1,468,618 | $514.7M | Reduce -0.1% |
| ADI Analog Devices Inc. | 2.76% | 2,313,833 | $466.6M | Reduce -0.1% |
| MELI MercadoLibre Inc. | 2.55% | 220,499 | $430.2M | Add +15.7% |
| MA Mastercard Inc. Class A | 2.53% | 778,465 | $426.7M | Reduce -0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.49% | 3,449,971 | $420.2M | Reduce -12.7% |
| CDNS Cadence Design SYS Inc. | 2.44% | 1,622,874 | $412.7M | Reduce -0.0% |
| EXPE Expedia Group Inc. | 2.36% | 2,375,276 | $399.3M | Add +20.2% |
| QQQ Invesco QQQ Trust Series 1 | 2.36% | 849,777 | $398.5M | No change |
| MLM Martin Marietta Materials | 2.18% | 770,351 | $368.3M | Reduce -0.1% |
| TDG Transdigm Group Inc. | 2.01% | 245,611 | $339.8M | Reduce -0.1% |
| VMC Vulcan Materials Co. | 1.85% | 1,338,346 | $312.2M | Add +4.4% |
| ICE Intercontinental Exchange Inc. | 1.84% | 1,800,310 | $310.6M | Reduce -0.0% |
| EQIX Equinix Inc. | 1.73% | 358,775 | $292.5M | Reduce -12.3% |
| DELL Dell Technologies -C | 1.72% | 3,177,809 | $289.7M | Add +41.4% |
| SNPS Synopsys Inc. | 1.70% | 668,278 | $286.6M | Reduce -0.1% |
| UBER Uber Technologies Inc. | 1.49% | 3,461,005 | $252.2M | Reduce -0.1% |
| CG The Carlyle Group Inc. | 1.35% | 5,241,316 | $228.5M | Reduce -0.1% |
| OKTA Okta Inc. | 1.18% | 1,900,000 | $199.9M | New |
| ETR Entergy Corp. | 1.15% | 2,274,291 | $194.4M | New |
| JD Jd.com Inc.-ADR | 1.10% | 4,523,802 | $186.0M | Add +19.8% |
| CEG Constellation Energy | 1.06% | 891,219 | $179.7M | Reduce -29.7% |
| PWR Quanta Services Inc. | 1.06% | 700,983 | $178.2M | Reduce -0.0% |
| YMM Full Truck Alliance -SPN ADR | 1.05% | 13,908,535 | $177.6M | Reduce -0.1% |
| APH Amphenol Corp. Class A | 0.99% | 2,550,953 | $167.3M | Add +6.3% |
| SSNC Ss&c Technologies Holdings | 0.97% | 1,964,916 | $164.1M | Reduce -0.1% |
| LOW Lowe's Cos Inc. | 0.90% | 648,594 | $151.3M | Add +44.4% |
| GE General Electric filed as GE AEROSPACE | 0.83% | 700,000 | $140.1M | No change |
| TER Teradyne Inc. | 0.73% | 1,482,910 | $122.5M | Reduce -4.0% |
| JCI Johnson Controls Internation | 0.66% | 1,400,000 | $112.2M | New |
| SHW The Sherwin-Williams Co. | 0.63% | 306,735 | $107.1M | Reduce -0.1% |
| NI Nisource Inc. | 0.58% | 2,461,500 | $98.7M | New |
| CLS Celestica Inc. | 0.57% | 1,230,000 | $96.9M | New |
| SPGI S&P Global Inc. | 0.57% | 190,416 | $96.8M | Add +12.3% |
| AMT American Tower Corp. | 0.55% | 428,401 | $93.2M | Reduce -0.1% |
| ROST Ross Stores Inc. | 0.54% | 712,635 | $91.1M | Reduce -0.1% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.51% | 4,272,723 | $85.8M | Reduce -15.0% |
| BPMC Blueprint Medicines Corp. | 0.47% | 900,628 | $79.7M | Add +12.5% |
| CP Canadian Pacific Kansas City | 0.46% | 1,100,000 | $77.2M | New |
| YUM Yum! Brands Inc. | 0.43% | 465,603 | $73.3M | Reduce -0.1% |
| BURL Burlington Stores Inc. | 0.42% | 300,000 | $71.5M | New |
| AKRO Akero Therapeutics Inc. | 0.37% | 1,550,934 | $62.8M | Reduce -11.9% |
| NVDA Nvidia Corp. | 0.37% | 571,439 | $61.9M | Reduce -0.6% |
| RARE Ultragenyx Pharmaceutical Inc. | 0.36% | 1,685,729 | $61.0M | Reduce -0.1% |
| SRPT Sarepta Therapeutics Inc. | 0.32% | 853,845 | $54.5M | No change |
| BCRX Biocryst Pharmaceuticals Inc. | 0.32% | 7,214,021 | $54.1M | Add +1.7% |
| OS Onestream Inc. | 0.32% | 2,526,261 | $53.9M | New |
| EDU New Oriental Educatio-SP ADR | 0.31% | 1,089,486 | $52.1M | Reduce -16.4% |
| CMG Chipotle Mexican Grill Inc. | 0.30% | 1,000,289 | $50.2M | Reduce -0.1% |
| CTAS Cintas Corp. | 0.29% | 236,539 | $48.6M | Reduce -0.1% |
| SARO Standardaero Inc. | 0.29% | 1,820,000 | $48.5M | Add +12.3% |
| DASH DoorDash Inc. Class A | 0.28% | 260,000 | $47.5M | New |
| XYZ Block Inc. | 0.28% | 866,200 | $47.1M | No change |
| NFLX Netflix Inc. | 0.28% | 50,000 | $46.6M | New |
| ARGX Argenx SE - ADR | 0.26% | 75,000 | $44.4M | No change |
| RYTM Rhythm Pharmaceuticals Inc. | 0.26% | 817,700 | $43.3M | Reduce -30.0% |
| RBRK Rubrik Inc. Class A | 0.25% | 700,000 | $42.7M | Add +40.0% |
| VST Vistra Corp. | 0.25% | 356,357 | $41.9M | Reduce -77.0% |
| PATH Uipath Inc. Class A | 0.25% | 4,061,276 | $41.8M | No change |
| CACI Caci International Inc. Class A | 0.15% | 70,000 | $25.7M | Add +16.7% |
| ALAB Astera Labs Inc. | 0.14% | 400,000 | $23.9M | No change |
| ORIC Oric Pharmaceuticals Inc. | 0.13% | 4,004,096 | $22.3M | Add +2.6% |
| RINGCENTRAL INC (RNG 0 03/15/26) | 0.11% | 20,000,000 | $19.0M | Reduce -33.3% |
| TOST Toast Inc. Class A | 0.10% | 500,000 | $16.6M | No change |
| AAPL Apple Inc. | 0.07% | 56,627 | $12.6M | No change |
| MREO Mereo Biopharma Group PL-ADR | 0.06% | 4,698,100 | $10.6M | No change |
| KROS Keros Therapeutics Inc. | 0.05% | 850,511 | $8.7M | Reduce -22.8% |
| SONY Sony Group Corp. - SP ADR | 0.04% | 275,000 | $7.0M | No change |
| DLO Dlocal Ltd. | 0.04% | 823,837 | $6.9M | No change |
| AMAT Applied Materials Inc. | 0.04% | 45,000 | $6.5M | No change |
| PCTY Paylocity Holding Corp. | 0.03% | 24,683 | $4.6M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.03% | 6,500 | $4.3M | Reduce -97.9% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | 0.02% | 4,000,000 | $4.0M | No change |
| PMVP PMV Pharmaceuticals Inc. | 0.02% | 2,342,373 | $2.6M | Reduce -0.1% |
| ANRO Alto Neuroscience Inc. | 0.01% | 477,101 | $1.0M | No change |
| FROG Jfrog Ltd. | 0.00% | 14,425 | $462K | No change |
Options reported separately and not counted above: QQQ puts ($12.8B), SPY puts ($9.6B), TSM calls ($1.2B), NVDA calls ($1.1B), MSFT calls ($938.5M), AMZN calls ($865.7M), DASH calls ($740.2M), HLT calls ($648.5M), TSLA calls ($518.3M), BKNG calls ($460.7M), NOW calls ($397.4M), MMM calls ($308.4M), and 12 more.
Portfolio Sells Q4 2024 → Q1 2025
| ASML ASML Holding NV-NY Reg SHS | Reduce -97.9% | 0.03% | −1.19 |
| TSM Taiwan Semiconductor-SP ADR | Reduce 0.0% | 6.05% | −0.99 |
| VST Vistra Corp. | Reduce -77.0% | 0.25% | −0.99 |
| GOOGL Alphabet Inc. Class A | Reduce -0.0% | 4.78% | −0.95 |
| META Meta Platforms Inc. Class A | Reduce -7.0% | 9.13% | −0.62 |
| CEG Constellation Energy | Reduce -29.7% | 1.06% | −0.58 |
| EQIX Equinix Inc. | Reduce -12.3% | 1.73% | −0.50 |
| TER Teradyne Inc. | Reduce -4.0% | 0.73% | −0.40 |
| MSFT Microsoft Corp. | Reduce -0.1% | 3.84% | −0.38 |
| CDNS Cadence Design SYS Inc. | Reduce -0.0% | 2.44% | −0.38 |
| TJX TJX Companies Inc. | Reduce -12.7% | 2.49% | −0.28 |
| PWR Quanta Services Inc. | Reduce -0.0% | 1.06% | −0.23 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.20 |
| SNPS Synopsys Inc. | Reduce -0.1% | 1.70% | −0.18 |
| CG The Carlyle Group Inc. | Reduce -0.1% | 1.35% | −0.18 |
| EDU New Oriental Educatio-SP ADR | Reduce -16.4% | 0.31% | −0.18 |
| MLM Martin Marietta Materials | Reduce -0.1% | 2.18% | −0.13 |
| RYTM Rhythm Pharmaceuticals Inc. | Reduce -30.0% | 0.26% | −0.12 |
| ADI Analog Devices Inc. | Reduce -0.1% | 2.76% | −0.09 |
| ROST Ross Stores Inc. | Reduce -0.1% | 0.54% | −0.09 |
| NVDA Nvidia Corp. | Reduce -0.6% | 0.37% | −0.08 |
| CMG Chipotle Mexican Grill Inc. | Reduce -0.1% | 0.30% | −0.05 |
| KROS Keros Therapeutics Inc. | Reduce -22.8% | 0.05% | −0.05 |
| RARE Ultragenyx Pharmaceutical Inc. | Reduce -0.1% | 0.36% | −0.05 |
| RINGCENTRAL INC (RNG 0 03/15/26) | Reduce -33.3% | 0.11% | −0.05 |
| KVYO Klaviyo Inc. Class A | Sold out | 0.00% | −0.05 |
| BEKE Ke Holdings Inc.-ADR | Reduce -15.0% | 0.51% | −0.03 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −0.01 |
| PMVP PMV Pharmaceuticals Inc. | Reduce -0.1% | 0.02% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -0.1% | 0.63% | +0.03 |
| CTAS Cintas Corp. | Reduce -0.1% | 0.29% | +0.04 |
| YUM Yum! Brands Inc. | Reduce -0.1% | 0.43% | +0.07 |
| AKRO Akero Therapeutics Inc. | Reduce -11.9% | 0.37% | +0.09 |
| AMT American Tower Corp. | Reduce -0.1% | 0.55% | +0.10 |
| SSNC Ss&c Technologies Holdings | Reduce -0.1% | 0.97% | +0.11 |
| MA Mastercard Inc. Class A | Reduce -0.1% | 2.53% | +0.15 |
| YMM Full Truck Alliance -SPN ADR | Reduce -0.1% | 1.05% | +0.18 |
| TDG Transdigm Group Inc. | Reduce -0.1% | 2.01% | +0.21 |
| UBER Uber Technologies Inc. | Reduce -0.1% | 1.49% | +0.28 |
| ICE Intercontinental Exchange Inc. | Reduce -0.0% | 1.84% | +0.28 |
| V Visa Inc. Class A | Reduce -0.1% | 3.05% | +0.36 |
| KLAC KLA Corp. | Reduce -0.1% | 4.05% | +0.38 |
Portfolio Buys Q4 2024 → Q1 2025
| OKTA Okta Inc. | New | 1.18% | +1.18 |
| ETR Entergy Corp. | New | 1.15% | +1.15 |
| LRCX Lam Research Corp. | Add +23.2% | 3.42% | +0.72 |
| MELI MercadoLibre Inc. | Add +15.7% | 2.55% | +0.67 |
| JCI Johnson Controls Internation | New | 0.66% | +0.66 |
| NI Nisource Inc. | New | 0.58% | +0.58 |
| CLS Celestica Inc. | New | 0.57% | +0.57 |
| CP Canadian Pacific Kansas City | New | 0.46% | +0.46 |
| BURL Burlington Stores Inc. | New | 0.42% | +0.42 |
| JD Jd.com Inc.-ADR | Add +19.8% | 1.10% | +0.34 |
| OS Onestream Inc. | New | 0.32% | +0.32 |
| DASH DoorDash Inc. Class A | New | 0.28% | +0.28 |
| NFLX Netflix Inc. | New | 0.28% | +0.28 |
| LOW Lowe's Cos Inc. | Add +44.4% | 0.90% | +0.25 |
| EXPE Expedia Group Inc. | Add +20.2% | 2.36% | +0.23 |
| DELL Dell Technologies -C | Add +41.4% | 1.72% | +0.22 |
| SPGI S&P Global Inc. | Add +12.3% | 0.57% | +0.08 |
| BPMC Blueprint Medicines Corp. | Add +12.5% | 0.47% | +0.07 |
| RBRK Rubrik Inc. Class A | Add +40.0% | 0.25% | +0.06 |
| SARO Standardaero Inc. | Add +12.3% | 0.29% | +0.05 |
| APH Amphenol Corp. Class A | Add +6.3% | 0.99% | +0.03 |
| CACI Caci International Inc. Class A | Add +16.7% | 0.15% | +0.01 |
| BCRX Biocryst Pharmaceuticals Inc. | Add +1.7% | 0.32% | +0.01 |
| ORIC Oric Pharmaceuticals Inc. | Add +2.6% | 0.13% | −0.05 |
| VMC Vulcan Materials Co. | Add +4.4% | 1.85% | −0.06 |
| AMZN Amazon.com Inc. | Add +0.1% | 8.47% | −1.08 |
Options Activity Q4 2024 → Q1 2025
| TSM Taiwan Semiconductor-SP ADR | call | Add +64.7% | 7,410,000 | $1.2B |
| NVDA Nvidia Corp. | call | Reduce -21.9% | 10,000,000 | $1.1B |
| AMZN Amazon.com Inc. | call | Add +40.0% | 4,550,000 | $865.7M |
| DASH DoorDash Inc. Class A | call | Add +35.0% | 4,050,000 | $740.2M |
| HLT Hilton Worldwide Holdings Inc. | call | Add +29.7% | 2,850,000 | $648.5M |
| TSLA Tesla Inc. | call | New | 2,000,000 | $518.3M |
| BKNG Booking Holdings Inc. | call | Add +25.0% | 100,000 | $460.7M |
| MMM 3M Co. | call | Add +311.8% | 2,100,000 | $308.4M |
| MAR Marriott International Class A | call | Add +55.7% | 1,198,700 | $285.5M |
| CRM Salesforce Inc. | call | New | 1,000,000 | $268.4M |
| WYNN WYNN Resorts Ltd. | call | Add +3.5% | 3,000,000 | $250.5M |
| LVS Las Vegas Sands Corp. | call | Add +6.7% | 4,800,000 | $185.4M |
| TEAM Atlassian Corp. Class A | call | Sold out | 750,000 | $182.5Mbefore exit |
| AVGO Broadcom Inc. | call | Reduce -21.6% | 980,000 | $164.1M |
| DASH DoorDash Inc. Class A | put | New | 260,000 | $47.5M |
| NFLX Netflix Inc. | put | New | 50,000 | $46.6M |
| COIN Coinbase Global Inc. Class A | call | New | 40,000 | $6.9M |
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 |