Evolutionary Tree Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Evolutionary Tree Capital Management, LLC reported 28 stock positions worth $91.7 million. Its top holding was Microsoft (MSFT) at 9.7% of the portfolio, followed by Amazon.com (AMZN, 8.8%) and ServiceNow (NOW, 5.3%). Compared with Q2 2025, it opened 4 new positions, sold out of 3, added to 12 and reduced 11. The biggest buy was Sea Ltd.-ADR (SE, shares +1535%) and the biggest sale an exit from Monday.com (MNDY).
- Most Recent 13F
- Q2 2026
- Location
- ALEXANDRIA, VA
- CIK
- 0001844345
- Portfolio Value
- $91.7M (Q3 2025)
- SEC Filing
- 0001376474-25-000924 ↗ filed Nov 13, 2025
Holdings Value
Holdings 28 stocks · $91.7M
| MSFT Microsoft Corp. | 9.65% | 17,091 | $8.9M | Add +0.1% |
| AMZN Amazon.com Inc. | 8.83% | 36,895 | $8.1M | Reduce -1.1% |
| NOW ServiceNow Inc. | 5.34% | 5,325 | $4.9M | Add +0.1% |
| RBLX Roblox Corp. Class A | 5.17% | 34,223 | $4.7M | Reduce -16.0% |
| NFLX Netflix Inc. | 4.95% | 3,791 | $4.5M | Add +0.1% |
| META Meta Platforms Inc. Class A | 4.67% | 5,834 | $4.3M | Add +0.0% |
| MELI MercadoLibre Inc. | 4.51% | 1,772 | $4.1M | Reduce -0.1% |
| CYBR Cyberark Software Ltd./Israel | 4.31% | 8,183 | $4.0M | Reduce -38.0% |
| SHOP Shopify Inc. Class A | 4.27% | 26,374 | $3.9M | Add +0.1% |
| SE Sea Ltd.-ADR | 4.12% | 21,136 | $3.8M | Add +1534.7% |
| CACI Caci International Inc. Class A | 3.73% | 6,857 | $3.4M | Add +0.6% |
| ASND Ascendis Pharma A/S | 3.33% | 15,343 | $3.1M | Reduce -16.9% |
| TEAM Atlassian Corp. Class A | 3.24% | 18,620 | $3.0M | New |
| SNPS Synopsys Inc. | 3.20% | 5,942 | $2.9M | Reduce -25.7% |
| RBRK Rubrik Inc. Class A | 3.08% | 34,309 | $2.8M | Add +42.5% |
| HUBS HubSpot Inc. | 2.98% | 5,845 | $2.7M | Add +64.6% |
| PRCT Procept Biorobotics Corp. | 2.92% | 75,017 | $2.7M | Reduce -0.0% |
| AFRM Affirm Holdings Inc. | 2.72% | 34,173 | $2.5M | Reduce -15.6% |
| VIK Viking Holdings Ltd. | 2.48% | 36,534 | $2.3M | New |
| AXON Axon Enterprise Inc. | 2.43% | 3,104 | $2.2M | No change |
| KRYS Krystal Biotech Inc. | 2.40% | 12,461 | $2.2M | Add +1.3% |
| ZS Zscaler Inc. | 2.25% | 6,880 | $2.1M | Add +0.1% |
| UBER Uber Technologies Inc. | 2.12% | 19,807 | $1.9M | Reduce -54.5% |
| ARGX Argenx SE - ADR | 2.09% | 2,600 | $1.9M | Reduce -25.8% |
| V Visa Inc. Class A | 1.95% | 5,229 | $1.8M | Reduce -2.1% |
| TW Tradeweb Markets Inc. Class A | 1.49% | 12,309 | $1.4M | New |
| ISRG Intuitive Surgical Inc. | 1.49% | 3,046 | $1.4M | Add +0.1% |
| CLBT Cellebrite Di Ltd. | 0.30% | 15,000 | $278K | New |
Portfolio Sells Q2 2025 → Q3 2025
| MNDY Monday.com Ltd. | Sold out | 0.00% | −3.77 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −2.59 |
| UBER Uber Technologies Inc. | Reduce -54.5% | 2.12% | −2.19 |
| PRCT Procept Biorobotics Corp. | Reduce -0.0% | 2.92% | −1.67 |
| SG Sweetgreen Inc. Class A | Sold out | 0.00% | −1.44 |
| CYBR Cyberark Software Ltd./Israel | Reduce -38.0% | 4.31% | −1.39 |
| SNPS Synopsys Inc. | Reduce -25.7% | 3.20% | −1.16 |
| MELI MercadoLibre Inc. | Reduce -0.1% | 4.51% | −0.41 |
| AFRM Affirm Holdings Inc. | Reduce -15.6% | 2.72% | −0.25 |
| V Visa Inc. Class A | Reduce -2.1% | 1.95% | −0.07 |
| ASND Ascendis Pharma A/S | Reduce -16.9% | 3.33% | −0.06 |
| ARGX Argenx SE - ADR | Reduce -25.8% | 2.09% | +0.04 |
| AMZN Amazon.com Inc. | Reduce -1.1% | 8.83% | +0.14 |
| RBLX Roblox Corp. Class A | Reduce -16.0% | 5.17% | +0.61 |
Portfolio Buys Q2 2025 → Q3 2025
| SE Sea Ltd.-ADR | Add +1534.7% | 4.12% | +3.90 |
| TEAM Atlassian Corp. Class A | New | 3.24% | +3.24 |
| VIK Viking Holdings Ltd. | New | 2.48% | +2.48 |
| TW Tradeweb Markets Inc. Class A | New | 1.49% | +1.49 |
| SHOP Shopify Inc. Class A | Add +0.1% | 4.27% | +1.04 |
| HUBS HubSpot Inc. | Add +64.6% | 2.98% | +0.88 |
| RBRK Rubrik Inc. Class A | Add +42.5% | 3.08% | +0.79 |
| MSFT Microsoft Corp. | Add +0.1% | 9.65% | +0.63 |
| KRYS Krystal Biotech Inc. | Add +1.3% | 2.40% | +0.60 |
| CLBT Cellebrite Di Ltd. | New | 0.30% | +0.30 |
| CACI Caci International Inc. Class A | Add +0.6% | 3.73% | +0.28 |
| META Meta Platforms Inc. Class A | Add +0.0% | 4.67% | +0.10 |
| ZS Zscaler Inc. | Add +0.1% | 2.25% | −0.04 |
| ISRG Intuitive Surgical Inc. | Add +0.1% | 1.49% | −0.27 |
| NFLX Netflix Inc. | Add +0.1% | 4.95% | −0.43 |
| NOW ServiceNow Inc. | Add +0.1% | 5.34% | −0.47 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 29 | $53.0M | GOOGL, AMZN, AXON, KRYS, STX |
| Q1 2026 | 26 | $53.2M | GOOGL, AMZN, KRYS, CACI, META |
| Q4 2025 | 27 | $86.1M | MSFT, AMZN, GOOGL, META, KRYS |
| Q3 2025 | 28 | $91.7M | MSFT, AMZN, NOW, RBLX, NFLX |
| Q2 2025 | 27 | $94.2M | MSFT, AMZN, NOW, CYBR, NFLX |
| Q1 2025 | 28 | $86.1M | AMZN, MSFT, NOW, META, PRCT |
| Q4 2024 | 30 | $98.3M | AMZN, MSFT, NOW, AXON, PRCT |
| Q3 2024 | 33 | $99.8M | MSFT, AMZN, NOW, AXON, PRCT |
| Q2 2024 | 35 | $97.2M | MSFT, AMZN, NOW, HUBS, AXON |
| Q1 2024 | 36 | $99.4M | MSFT, AMZN, NOW, HUBS, AXON |