Explore Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Explore Capital Management, LLC reported 14 stock positions worth $120.6 million. Its top holding was Amazon.com (AMZN) at 15.6% of the portfolio, followed by S&P Global (SPGI, 12.0%) and Mastercard Class A (MA, 11.4%). Compared with Q3 2025, it opened 4 new positions, sold out of 5, added to 1 and reduced 8. The biggest buy was a new position in Mastercard Class A (MA) and the biggest sale an exit from Workday Class A (WDAY).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0002026286
- Portfolio Value
- $120.6M (Q4 2025)
- SEC Filing
- 0001214659-26-001457 ↗ filed Feb 11, 2026
Holdings Value
Holdings 14 stocks · $120.6M
| AMZN Amazon.com Inc. | 15.59% | 81,475 | $18.8M | Reduce -20.6% |
| SPGI S&P Global Inc. | 12.02% | 27,750 | $14.5M | Add +32.1% |
| MA Mastercard Inc. Class A | 11.36% | 24,000 | $13.7M | New |
| TSM Taiwan Semiconductor-SP ADR | 10.46% | 41,532 | $12.6M | Reduce -33.0% |
| MU Micron Technology Inc. | 7.71% | 32,600 | $9.3M | New |
| OWL Blue Owl Capital Inc. | 7.70% | 621,318 | $9.3M | Reduce -29.3% |
| V Visa Inc. Class A | 6.69% | 23,000 | $8.1M | New |
| EFX Equifax Inc. | 5.40% | 30,000 | $6.5M | Reduce -26.7% |
| AEM Agnico Eagle Mines Ltd. | 4.98% | 35,400 | $6.0M | No change |
| META Meta Platforms Inc. Class A | 4.73% | 8,650 | $5.7M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 4.66% | 335,950 | $5.6M | Reduce -44.6% |
| THC Tenet Healthcare Corp. | 3.64% | 22,100 | $4.4M | Reduce -56.1% |
| HDB HDFC Bank Ltd.-ADR | 2.94% | 97,060 | $3.5M | Reduce -67.5% |
| CPNG Coupang Inc. | 2.11% | 108,000 | $2.5M | Reduce -28.2% |
Portfolio Sells Q3 2025 → Q4 2025
| WDAY Workday Inc. Class A | Sold out | 0.00% | −8.15 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −6.11 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −5.97 |
| WCN Waste Connections Inc. | Sold out | 0.00% | −4.24 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −3.54 |
| HDB HDFC Bank Ltd.-ADR | Reduce -67.5% | 2.94% | −3.37 |
| THC Tenet Healthcare Corp. | Reduce -56.1% | 3.64% | −2.67 |
| OWL Blue Owl Capital Inc. | Reduce -29.3% | 7.70% | −1.51 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -44.6% | 4.66% | −1.34 |
| EFX Equifax Inc. | Reduce -26.7% | 5.40% | −1.10 |
| CPNG Coupang Inc. | Reduce -28.2% | 2.11% | −0.88 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -33.0% | 10.46% | −0.25 |
| AMZN Amazon.com Inc. | Reduce -20.6% | 15.59% | +1.65 |