Avalon Global Asset Management LLC In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Avalon Global Asset Management LLC reported 28 stock positions worth $450.0 million . Its top holding was Nvidia (NVDA) at 11.3% of the portfolio, followed by CrowdStrike Class A (CRWD, 7.0% ) and Micron Technology (MU, 7.0% ). Compared with Q3 2025, it opened 4 new positions, sold out of 7, added to 4 and reduced 4. The biggest buy was Nvidia (NVDA, shares +50% ) and the biggest sale an exit from Zscaler (ZS).
Location SAN FRANCISCO, CA
CIK 0001314273
Portfolio Value $450.0M (Q4 2025) Holdings 28 stocks · $450.0M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2025 NVDA Nvidia Corp. 271,800 $50.7M Add +49.5% CRWD CrowdStrike Holdings Inc. Class A 67,340 $31.6M Reduce -4.3% MU Micron Technology Inc. 110,560 $31.6M Reduce -8.3% SNOW Snowflake Inc. 142,200 $31.2M No change AMZN Amazon.com Inc. 109,600 $25.3M No change PANW Palo Alto Networks Inc. 134,640 $24.8M No change AAPL Apple Inc. 79,580 $21.6M No change MPWR Monolithic Power Systems Inc. 22,500 $20.4M No change NOW ServiceNow Inc. 129,600 $19.9M No change VRT Vertiv Holdings Co. Class A 120,000 $19.4M No change NET Cloudflare Inc. Class A 75,400 $14.9M No change ADI Analog Devices Inc. 50,300 $13.6M Add +11.0% ETN Eaton Corp. PLC 42,600 $13.6M No change HD Home Depot Inc. 38,200 $13.1M No change SLAB Silicon Laboratories Inc. 100,000 $13.1M No change EMR Emerson Electric Co. 95,000 $12.6M Add +35.7% GOOG Alphabet Inc. Class C 33,500 $10.5M No change MDB Mongodb Inc. 25,000 $10.5M New CR Crane Co. 55,000 $10.1M No change GOOGL Alphabet Inc. Class A 32,200 $10.1M No change PH Parker Hannifin Corp. 10,100 $8.9M No change TEAM Atlassian Corp. Class A 50,000 $8.1M New LUXE Luxexperience BV 950,000 $7.9M No change MTSI Macom Technology Solutions H 40,700 $7.0M Reduce -10.9% COF Capital One Financial Corp. 25,000 $6.1M New GAP The Gap Inc. 200,000 $5.1M New W Wayfair Inc. Class A 45,000 $4.5M Add +12.5% LULU Lululemon Athletica Inc. 18,640 $3.9M Reduce -34.9%
Options reported separately and not counted above: ZS calls ($27.0M), TSLA calls ($22.5M), NVDA puts ($18.6M), MRVL puts ($17.0M), SN calls ($16.8M), SN puts ($16.8M), PHM calls ($15.2M), MRVL calls ($11.0M), AVGO puts ($8.7M), VRT puts ($8.1M), DLTR calls ($4.3M), DASH puts ($2.3M).
Portfolio Sells Q3 2025 → Q4 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▲ ZS Zscaler Inc. Sold out 0.00% −3.44 SHW The Sherwin-Williams Co. Sold out 0.00% −1.99 GNRC Generac Holdings Inc. Sold out 0.00% −1.34 SN Sharkninja Inc. Sold out 0.00% −1.18 EW Edwards Lifesciences Corp. Sold out 0.00% −1.16 CRWD CrowdStrike Holdings Inc. Class A Reduce -4.3% 7.01% −0.90 DKS Dick's Sporting Goods Inc. Sold out 0.00% −0.51 MRVL Marvell Technology Inc. Sold out 0.00% −0.39 LULU Lululemon Athletica Inc. Reduce -34.9% 0.86% −0.31 MTSI Macom Technology Solutions H Reduce -10.9% 1.55% +0.24 MU Micron Technology Inc. Reduce -8.3% 7.01% +2.38
Portfolio Buys Q3 2025 → Q4 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2025 % Of Portfolio Change To Portfolio ▼ NVDA Nvidia Corp. Add +49.5% 11.26% +3.48 MDB Mongodb Inc. New 2.33% +2.33 TEAM Atlassian Corp. Class A New 1.80% +1.80 COF Capital One Financial Corp. New 1.35% +1.35 GAP The Gap Inc. New 1.14% +1.14 EMR Emerson Electric Co. Add +35.7% 2.80% +0.70 ADI Analog Devices Inc. Add +11.0% 3.03% +0.48 W Wayfair Inc. Class A Add +12.5% 1.00% +0.18
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 400,000 $240.1Mbefore exit DELL Dell Technologies -C call Sold out 500,000 $70.9Mbefore exit NVDA Nvidia Corp. call Sold out 150,000 $28.0Mbefore exit ZS Zscaler Inc. call New 120,000 $27.0M NVDA Nvidia Corp. put New 100,000 $18.6M MRVL Marvell Technology Inc. put New 200,000 $17.0M SN Sharkninja Inc. call New 150,000 $16.8M SN Sharkninja Inc. put New 150,000 $16.8M MRVL Marvell Technology Inc. call Reduce -42.2% 130,000 $11.0M CRWD CrowdStrike Holdings Inc. Class A call Sold out 20,000 $9.8Mbefore exit LULU Lululemon Athletica Inc. call Sold out 50,000 $8.9Mbefore exit AVGO Broadcom Inc. put New 25,000 $8.7M VRT Vertiv Holdings Co. Class A put New 50,000 $8.1M ACN Accenture PLC Class A call Sold out 30,000 $7.4Mbefore exit PANW Palo Alto Networks Inc. call Sold out 30,000 $6.1Mbefore exit ALAB Astera Labs Inc. call Sold out 25,000 $4.9Mbefore exit DLTR Dollar Tree Inc. call New 35,000 $4.3M CPRI Capri Holdings Ltd. call Sold out 200,000 $4.0Mbefore exit DASH DoorDash Inc. Class A put New 10,000 $2.3M
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 30 $679.6M MU, CRWD, NVDA, PANW, SNOW Q1 2026 26 $424.9M NVDA, MU, VRT, CRWD, MPWR Q4 2025 28 $450.0M NVDA, CRWD, MU, SNOW, AMZN Q3 2025 31 $435.9M CRWD, NVDA, SNOW, PANW, AMZN Q2 2025 26 $354.9M NVDA, SNOW, CRWD, PANW, NOW Q1 2025 26 $294.7M PANW, NVDA, CRWD, AMZN, SNOW Q4 2024 26 $356.8M NVDA, NOW, CRWD, PANW, AMZN Q3 2024 26 $324.6M NVDA, NOW, PANW, CRWD, AMZN Q2 2024 30 $337.3M NVDA, CRWD, PANW, NOW, AMZN Q1 2024 30 $310.5M NVDA, CRWD, AMD, NOW, AMZN