Alkeon Capital Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Alkeon Capital Management LLC reported 75 stock positions worth $22.1 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 8.3% of the portfolio, followed by Alphabet Class A (GOOGL, 6.6%) and Meta Platforms Class A (META, 5.6%). Compared with Q4 2025, it opened 4 new positions, sold out of 12, added to 24 and reduced 20. The biggest buy was Teradyne (TER, shares +15%) and the biggest sale Microsoft (MSFT, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001230239
- Portfolio Value
- $22.1B (Q1 2026)
- SEC Filing
- 0000919574-26-003172 ↗ filed May 15, 2026
Holdings Value
Holdings 75 stocks · $22.1B
| TSM Taiwan Semiconductor-SP ADR | 8.30% | 5,421,668 | $1.8B | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 6.59% | 5,058,618 | $1.5B | Reduce -12.8% |
| META Meta Platforms Inc. Class A | 5.56% | 2,145,399 | $1.2B | Add +7.7% |
| AMZN Amazon.com Inc. | 5.48% | 5,808,299 | $1.2B | Add +0.1% |
| KLAC KLA Corp. | 3.87% | 580,915 | $855.3M | Reduce -18.2% |
| LRCX Lam Research Corp. | 3.77% | 3,900,456 | $833.4M | Reduce -39.3% |
| TER Teradyne Inc. | 3.75% | 2,789,510 | $827.0M | Add +14.7% |
| QQQ Invesco QQQ Trust Series 1 | 3.47% | 1,325,777 | $765.2M | Reduce -6.8% |
| ADI Analog Devices Inc. | 2.98% | 2,067,083 | $657.6M | Add +2.4% |
| VRT Vertiv Holdings Co. Class A | 2.84% | 2,501,980 | $626.9M | Add +24.9% |
| SNPS Synopsys Inc. | 2.82% | 1,569,348 | $622.2M | Add +56.4% |
| APH Amphenol Corp. Class A | 2.64% | 4,617,948 | $583.5M | Add +23.3% |
| EXPE Expedia Group Inc. | 2.59% | 2,475,276 | $571.5M | No change |
| CDNS Cadence Design SYS Inc. | 2.04% | 1,622,874 | $450.9M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.03% | 2,799,971 | $447.2M | No change |
| MSFT Microsoft Corp. | 2.01% | 1,201,176 | $444.6M | Reduce -39.2% |
| V Visa Inc. Class A | 2.01% | 1,468,618 | $443.9M | No change |
| MLM Martin Marietta Materials | 1.99% | 747,351 | $440.0M | No change |
| VMC Vulcan Materials Co. | 1.82% | 1,478,646 | $402.6M | No change |
| MA Mastercard Inc. Class A | 1.76% | 778,465 | $389.0M | No change |
| CEG Constellation Energy | 1.74% | 1,374,739 | $383.9M | Add +0.3% |
| VST Vistra Corp. | 1.73% | 2,546,357 | $382.8M | Add +30.8% |
| ETR Entergy Corp. | 1.69% | 3,326,012 | $373.7M | Add +21.6% |
| BWXT BWX Technologies Inc. | 1.61% | 1,739,348 | $355.7M | Add +10.0% |
| MELI MercadoLibre Inc. | 1.41% | 180,499 | $312.1M | Reduce -24.9% |
| CG The Carlyle Group Inc. | 1.30% | 5,941,316 | $287.5M | No change |
| ICE Intercontinental Exchange Inc. | 1.28% | 1,800,310 | $283.2M | No change |
| SOLS Solstice Adv Materials Inc. | 1.27% | 3,668,020 | $279.4M | Add +226.1% |
| UBER Uber Technologies Inc. | 1.26% | 3,861,005 | $277.7M | Add +14.9% |
| RTX RTX Corp. | 1.09% | 1,250,000 | $241.1M | No change |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 1.08% | 180,825 | $238.8M | New |
| TWLO Twilio Inc. Class A | 1.05% | 1,840,000 | $231.5M | Add +636.0% |
| EQIX Equinix Inc. | 1.04% | 233,775 | $229.2M | No change |
| PWR Quanta Services Inc. | 1.00% | 400,983 | $220.1M | Reduce -20.0% |
| CRH CRH PLC | 0.98% | 2,050,000 | $215.5M | Add +13.9% |
| GE General Electric filed as GE AEROSPACE | 0.90% | 700,000 | $198.6M | No change |
| DASH DoorDash Inc. Class A | 0.80% | 1,183,210 | $177.7M | Add +0.4% |
| BURL Burlington Stores Inc. | 0.80% | 545,000 | $177.3M | Add +3.8% |
| TDG Transdigm Group Inc. | 0.78% | 149,078 | $172.8M | Reduce -10.0% |
| CP Canadian Pacific Kansas City | 0.71% | 2,004,000 | $157.6M | No change |
| NI Nisource Inc. | 0.71% | 3,365,500 | $157.0M | Add +4.2% |
| SSNC Ss&c Technologies Holdings | 0.54% | 1,764,916 | $119.3M | No change |
| ROST Ross Stores Inc. | 0.46% | 472,635 | $102.4M | No change |
| TTMI TTM Technologies | 0.46% | 1,050,000 | $102.3M | New |
| SOXX iShares Semiconductor ETF | 0.46% | 310,700 | $102.1M | Add +61.3% |
| SHW The Sherwin-Williams Co. | 0.45% | 306,735 | $98.3M | No change |
| EDU New Oriental Educatio-SP ADR | 0.44% | 1,727,986 | $97.9M | Add +19.3% |
| SPGI S&P Global Inc. | 0.37% | 190,416 | $81.0M | No change |
| NVDA Nvidia Corp. | 0.34% | 429,459 | $74.9M | Add +103.1% |
| YMM Full Truck Alliance -SPN ADR | 0.33% | 8,898,535 | $73.9M | Reduce -37.3% |
| YUM Yum! Brands Inc. | 0.33% | 465,603 | $72.4M | No change |
| CTAS Cintas Corp. | 0.31% | 401,539 | $67.9M | Add +69.8% |
| BABA Alibaba Group Holding-SP ADR | 0.28% | 500,000 | $62.7M | New |
| ORIC Oric Pharmaceuticals Inc. | 0.26% | 4,504,096 | $57.1M | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.25% | 119,700 | $55.4M | Add +27.5% |
| LOW Lowe's Cos Inc. | 0.23% | 213,594 | $50.5M | Reduce -54.4% |
| TLT iShares 20+ Year Treasury BD | 0.20% | 511,000 | $44.3M | No change |
| MDGL Madrigal Pharmaceuticals Inc. | 0.19% | 80,000 | $41.9M | Reduce -66.7% |
| NAVN Navan Inc. Class A | 0.16% | 2,686,828 | $35.6M | No change |
| JCI Johnson Controls Internation | 0.16% | 270,000 | $35.4M | Reduce -56.5% |
| TOST Toast Inc. Class A | 0.15% | 1,238,096 | $32.8M | Add +7.7% |
| SARO Standardaero Inc. | 0.14% | 1,202,019 | $31.0M | Reduce -29.4% |
| AVGO Broadcom Inc. | 0.14% | 98,090 | $30.4M | New |
| PATH Uipath Inc. Class A | 0.13% | 2,611,276 | $29.0M | No change |
| HNGE Hinge Health Inc. Class A | 0.12% | 691,104 | $26.6M | Reduce -12.6% |
| RBRK Rubrik Inc. Class A | 0.11% | 500,000 | $24.5M | Reduce -16.7% |
| ALAB Astera Labs Inc. | 0.10% | 200,000 | $21.9M | Reduce -38.5% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.08% | 500,000 | $17.1M | Reduce -37.5% |
| CMG Chipotle Mexican Grill Inc. | 0.07% | 500,289 | $16.0M | No change |
| AAPL Apple Inc. | 0.07% | 56,627 | $14.4M | No change |
| DLO Dlocal Ltd. | 0.05% | 823,837 | $10.7M | No change |
| ANRO Alto Neuroscience Inc. | 0.02% | 227,101 | $5.1M | Reduce -52.4% |
| BTDR Bitdeer Technologies Group-A | 0.02% | 475,000 | $4.1M | No change |
| PCTY Paylocity Holding Corp. | 0.01% | 24,683 | $2.7M | No change |
| FROG Jfrog Ltd. | 0.00% | 14,425 | $677K | Reduce -96.5% |
Options reported separately and not counted above: SPY puts ($13.7B), QQQ puts ($12.8B), NVDA calls ($1.7B), TSM calls ($1.4B), AAPL calls ($921.9M), AVGO calls ($696.4M), BKNG calls ($631.5M), MAR calls ($515.1M), SHOP calls ($474.5M), AMZN calls ($458.2M), MCHP calls ($452.3M), PLTR calls ($438.8M), and 15 more.
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -39.2% | 2.01% | −2.17 |
| GOOGL Alphabet Inc. Class A | Reduce -12.8% | 6.59% | −1.35 |
| LRCX Lam Research Corp. | Reduce -39.3% | 3.77% | −1.03 |
| MELI MercadoLibre Inc. | Reduce -24.9% | 1.41% | −0.70 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.58 |
| CMI Cummins Inc. | Sold out | 0.00% | −0.42 |
| MDGL Madrigal Pharmaceuticals Inc. | Reduce -66.7% | 0.19% | −0.42 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.39 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -6.8% | 3.47% | −0.35 |
| YMM Full Truck Alliance -SPN ADR | Reduce -37.3% | 0.33% | −0.33 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.33 |
| LOW Lowe's Cos Inc. | Reduce -54.4% | 0.23% | −0.27 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.19 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.18 |
| TDG Transdigm Group Inc. | Reduce -10.0% | 0.78% | −0.18 |
| JCI Johnson Controls Internation | Reduce -56.5% | 0.16% | −0.16 |
| AGX Argan Inc. | Sold out | 0.00% | −0.15 |
| ALAB Astera Labs Inc. | Reduce -38.5% | 0.10% | −0.14 |
| FROG Jfrog Ltd. | Reduce -96.5% | 0.00% | −0.11 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.09 |
| RBRK Rubrik Inc. Class A | Reduce -16.7% | 0.11% | −0.09 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −0.08 |
| SARO Standardaero Inc. | Reduce -29.4% | 0.14% | −0.07 |
| IREN Iren Ltd. | Reduce -37.5% | 0.08% | −0.05 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.04 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.04 |
| HNGE Hinge Health Inc. Class A | Reduce -12.6% | 0.12% | −0.04 |
| OS Onestream Inc. | Sold out | 0.00% | −0.04 |
| ANRO Alto Neuroscience Inc. | Reduce -52.4% | 0.02% | −0.01 |
| PWR Quanta Services Inc. | Reduce -20.0% | 1.00% | +0.07 |
| KLAC KLA Corp. | Reduce -18.2% | 3.87% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.3% | 8.30% | +1.07 |
Portfolio Buys Q4 2025 → Q1 2026
| TER Teradyne Inc. | Add +14.7% | 3.75% | +1.69 |
| VRT Vertiv Holdings Co. Class A | Add +24.9% | 2.84% | +1.42 |
| ASML ASML Holding NV-NY Reg SHS | New | 1.08% | +1.08 |
| SOLS Solstice Adv Materials Inc. | Add +226.1% | 1.27% | +1.03 |
| TWLO Twilio Inc. Class A | Add +636.0% | 1.05% | +0.89 |
| SNPS Synopsys Inc. | Add +56.4% | 2.82% | +0.76 |
| ETR Entergy Corp. | Add +21.6% | 1.69% | +0.59 |
| ADI Analog Devices Inc. | Add +2.4% | 2.98% | +0.58 |
| TTMI TTM Technologies | New | 0.46% | +0.46 |
| APH Amphenol Corp. Class A | Add +23.3% | 2.64% | +0.43 |
| BWXT BWX Technologies Inc. | Add +10.0% | 1.61% | +0.42 |
| VST Vistra Corp. | Add +30.8% | 1.73% | +0.36 |
| BABA Alibaba Group Holding-SP ADR | New | 0.28% | +0.28 |
| SOXX iShares Semiconductor ETF | Add +61.3% | 0.46% | +0.21 |
| NVDA Nvidia Corp. | Add +103.1% | 0.34% | +0.17 |
| BURL Burlington Stores Inc. | Add +3.8% | 0.80% | +0.14 |
| AVGO Broadcom Inc. | New | 0.14% | +0.14 |
| NI Nisource Inc. | Add +4.2% | 0.71% | +0.12 |
| CTAS Cintas Corp. | Add +69.8% | 0.31% | +0.11 |
| EDU New Oriental Educatio-SP ADR | Add +19.3% | 0.44% | +0.09 |
| UBER Uber Technologies Inc. | Add +14.9% | 1.26% | +0.06 |
| DIA SS SPDR Dow Jones Indus Avg | Add +27.5% | 0.25% | +0.05 |
| CRH CRH PLC | Add +13.9% | 0.98% | −0.01 |
| TOST Toast Inc. Class A | Add +7.7% | 0.15% | −0.03 |
| META Meta Platforms Inc. Class A | Add +7.7% | 5.56% | −0.19 |
| DASH DoorDash Inc. Class A | Add +0.4% | 0.80% | −0.36 |
| AMZN Amazon.com Inc. | Add +0.1% | 5.48% | −0.38 |
| CEG Constellation Energy | Add +0.3% | 1.74% | −0.38 |
Options Activity Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -5.4% | 21,000,000 | $13.7B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +0.1% | 22,151,700 | $12.8B |
| NVDA Nvidia Corp. | call | Add +33.3% | 10,000,000 | $1.7B |
| TSM Taiwan Semiconductor-SP ADR | call | Add +107.5% | 4,150,000 | $1.4B |
| AAPL Apple Inc. | call | Add +49.8% | 3,632,500 | $921.9M |
| MSFT Microsoft Corp. | call | Sold out | 1,500,000 | $725.4Mbefore exit |
| AVGO Broadcom Inc. | call | Add +124.7% | 2,250,000 | $696.4M |
| BKNG Booking Holdings Inc. | call | Reduce -14.3% | 150,000 | $631.5M |
| AMD Advanced Micro Devices | put | Sold out | 2,500,000 | $535.4Mbefore exit |
| MAR Marriott International Class A | call | Reduce -15.4% | 1,575,000 | $515.1M |
| SHOP Shopify Inc. Class A | call | Add +77.8% | 4,000,000 | $474.5M |
| AMZN Amazon.com Inc. | call | Add +4.8% | 2,200,000 | $458.2M |
| MCHP Microchip Technology Inc. | call | Add +150.0% | 7,000,000 | $452.3M |
| PLTR Palantir Technologies Inc. Class A | call | Add +100.0% | 3,000,000 | $438.8M |
| HLT Hilton Worldwide Holdings Inc. | call | Reduce -5.0% | 1,425,000 | $433.3M |
| MMM 3M Co. | call | Sold out | 2,650,000 | $424.3Mbefore exit |
| TSLA Tesla Inc. | call | Add +10.0% | 1,100,000 | $408.9M |
| AMD Advanced Micro Devices | call | Add +60.0% | 2,000,000 | $406.9M |
| CRM Salesforce Inc. | call | Sold out | 1,400,000 | $370.9Mbefore exit |
| INTC Intel Corp. | call | New | 7,000,000 | $308.9M |
| KLAC KLA Corp. | put | Reduce -50.0% | 200,000 | $294.5M |
| CAT Caterpillar Inc. | put | New | 400,000 | $283.4M |
| LRCX Lam Research Corp. | put | Reduce -67.9% | 1,285,000 | $274.6M |
| DASH DoorDash Inc. Class A | call | Add +6.7% | 1,600,000 | $240.2M |
| ORCL Oracle Corp. | call | Sold out | 1,000,000 | $194.9Mbefore exit |
| GOOGL Alphabet Inc. Class A | call | Sold out | 500,000 | $156.5Mbefore exit |
| LVS Las Vegas Sands Corp. | call | Reduce -29.6% | 2,850,000 | $153.6M |
| GLD SPDR Gold Shares | call | New | 300,000 | $129.1M |
| RDDT Reddit Inc. Class A | call | Sold out | 400,000 | $91.9Mbefore exit |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -14.3% | 150,000 | $50.7M |
| NVDA Nvidia Corp. | put | New | 210,000 | $36.6M |
| AVGO Broadcom Inc. | put | New | 95,000 | $29.4M |
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 |