Capital Impact Advisors, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Capital Impact Advisors, LLC reported 30 stock positions worth $1.3 billion. Its top holding was Nvidia (NVDA) at 12.0% of the portfolio, followed by Meta Platforms Class A (META, 6.1%) and Maplebear (CART, 4.8%). Compared with Q3 2025, it opened 5 new positions, sold out of 5 and added to 25. The biggest buy was a new position in Uipath Class A (PATH) and the biggest sale an exit from CrowdStrike Class A (CRWD).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001602198
- Portfolio Value
- $1.3B (Q4 2025)
- SEC Filing
- 0001172661-26-000946 ↗ filed Feb 17, 2026
Holdings Value
Holdings 30 stocks · $1.3B
| NVDA Nvidia Corp. | 11.99% | 821,821 | $153.3M | Add +213.1% |
| META Meta Platforms Inc. Class A | 6.10% | 118,104 | $78.0M | Add +206.4% |
| CART Maplebear Inc. | 4.78% | 1,359,107 | $61.1M | Add +601.0% |
| AFRM Affirm Holdings Inc. | 4.26% | 731,252 | $54.4M | Add +350.2% |
| PATH Uipath Inc. Class A | 4.09% | 3,188,606 | $52.3M | New |
| TOST Toast Inc. Class A | 3.92% | 1,409,764 | $50.1M | Add +492.4% |
| EXEL Exelixis Inc. | 3.75% | 1,094,466 | $48.0M | Add +441.0% |
| MEDP Medpace Holdings Inc. | 3.69% | 83,962 | $47.2M | Add +211.0% |
| PEGA Pegasystems Inc. | 3.58% | 765,317 | $45.7M | New |
| VEEV Veeva Systems Inc. Class A | 3.38% | 193,450 | $43.2M | New |
| APP AppLovin Corp. Class A | 3.26% | 61,829 | $41.7M | Add +56.0% |
| NTRA Natera Inc. | 3.20% | 178,567 | $40.9M | Add +174.5% |
| AR Antero Resources Corp. | 3.09% | 1,146,775 | $39.5M | Add +372.5% |
| TSLA Tesla Inc. | 3.07% | 87,180 | $39.2M | Add +166.1% |
| RMD Resmed Inc. | 3.00% | 159,358 | $38.4M | Add +253.8% |
| DDOG Datadog Inc. Class A | 2.89% | 271,264 | $36.9M | New |
| PLTR Palantir Technologies Inc. Class A | 2.83% | 203,519 | $36.2M | Add +116.5% |
| DASH DoorDash Inc. Class A | 2.66% | 150,345 | $34.1M | Add +165.6% |
| ANET Arista Networks Inc. | 2.65% | 258,771 | $33.9M | Add +93.8% |
| ORCL Oracle Corp. | 2.56% | 168,092 | $32.8M | Add +132.6% |
| IBKR Interactive Brokers Gro Class A | 2.49% | 493,957 | $31.8M | Add +173.7% |
| ZS Zscaler Inc. | 2.48% | 141,188 | $31.8M | New |
| RKLB Rocket Lab Corp. | 2.47% | 452,728 | $31.6M | Add +47.5% |
| HOOD Robinhood Markets Inc. Class A | 2.40% | 271,433 | $30.7M | Add +154.3% |
| APPF Appfolio Inc. Class A | 2.34% | 128,314 | $29.9M | Add +262.7% |
| NFLX Netflix Inc. | 2.27% | 309,152 | $29.0M | Add +102.7% |
| RDDT Reddit Inc. Class A | 2.14% | 119,125 | $27.4M | Add +62.8% |
| UI Ubiquiti Inc. | 1.77% | 40,934 | $22.7M | Add +59.2% |
| COIN Coinbase Global Inc. Class A | 1.55% | 87,492 | $19.8M | Add +154.4% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 1.34% | 450,119 | $17.1M | Add +182.4% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| PATH Uipath Inc. Class A | New | 4.09% | +4.09 |
| PEGA Pegasystems Inc. | New | 3.58% | +3.58 |
| VEEV Veeva Systems Inc. Class A | New | 3.38% | +3.38 |
| CART Maplebear Inc. | Add +601.0% | 4.78% | +3.19 |
| DDOG Datadog Inc. Class A | New | 2.89% | +2.89 |
| ZS Zscaler Inc. | New | 2.48% | +2.48 |
| TOST Toast Inc. Class A | Add +492.4% | 3.92% | +1.97 |
| EXEL Exelixis Inc. | Add +441.0% | 3.75% | +1.88 |
| AFRM Affirm Holdings Inc. | Add +350.2% | 4.26% | +1.60 |
| AR Antero Resources Corp. | Add +372.5% | 3.09% | +1.27 |
| NVDA Nvidia Corp. | Add +213.1% | 11.99% | +1.04 |
| NTRA Natera Inc. | Add +174.5% | 3.20% | +0.86 |
| MEDP Medpace Holdings Inc. | Add +211.0% | 3.69% | +0.59 |
| RMD Resmed Inc. | Add +253.8% | 3.00% | +0.25 |
| APPF Appfolio Inc. Class A | Add +262.7% | 2.34% | +0.15 |
| TSLA Tesla Inc. | Add +166.1% | 3.07% | −0.19 |
| META Meta Platforms Inc. Class A | Add +206.4% | 6.10% | −0.23 |
| IBKR Interactive Brokers Gro Class A | Add +173.7% | 2.49% | −0.29 |
| TTD Trade Desk Inc./the Class A | Add +182.4% | 1.34% | −0.41 |
| DASH DoorDash Inc. Class A | Add +165.6% | 2.66% | −0.78 |
| RKLB Rocket Lab Corp. | Add +47.5% | 2.47% | −0.82 |
| PLTR Palantir Technologies Inc. Class A | Add +116.5% | 2.83% | −1.01 |
| HOOD Robinhood Markets Inc. Class A | Add +154.3% | 2.40% | −1.02 |
| COIN Coinbase Global Inc. Class A | Add +154.4% | 1.55% | −1.05 |
| RDDT Reddit Inc. Class A | Add +62.8% | 2.14% | −1.62 |
| ANET Arista Networks Inc. | Add +93.8% | 2.65% | −1.70 |
| NFLX Netflix Inc. | Add +102.7% | 2.27% | −1.82 |
| ORCL Oracle Corp. | Add +132.6% | 2.56% | −1.98 |
| UI Ubiquiti Inc. | Add +59.2% | 1.77% | −2.03 |
| APP AppLovin Corp. Class A | Add +56.0% | 3.26% | −3.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 29 | $1.8B | NVDA, ALAB, GOOGL, META, APP |
| Q1 2026 | 30 | $247.5M | NVDA, META, UI, ANET, PLTR |
| Q4 2025 | 30 | $1.3B | NVDA, META, CART, AFRM, PATH |
| Q3 2025 | 30 | $447.1M | NVDA, APP, META, ORCL, ANET |
| Q2 2025 | 30 | $332.2M | NVDA, ORCL, META, HOOD, NFLX |
| Q1 2025 | 30 | $261.0M | GOOGL, META, NVDA, ORCL, DASH |
| Q3 2024 | 1 | $3.2M | XOVR |
| Q2 2024 | 53 | $35.5M | SMCI, GMED, PEGA, TOST, TWST |
| Q1 2024 | 92 | $76.9M | SMCI, HOOD, TOST, PI, PEGA |