Foxhaven Asset Management, LP In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Foxhaven Asset Management, LP reported 19 stock positions worth $4.0 billion . Its top holding was Amazon.com (AMZN) at 12.6% of the portfolio, followed by MercadoLibre (MELI, 11.7% ) and Coupang (CPNG, 8.6% ). Compared with Q2 2025, it opened 2 new positions, sold out of 1, added to 4 and reduced 13. The biggest buy was a new position in Wix.com (WIX) and the biggest sale an exit from Atlassian Class A (TEAM).
Location Charlottesville, VA
CIK 0001590531
Portfolio Value $4.0B (Q3 2025) Holdings 19 stocks · $4.0B 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 Q2 2025 AMZN Amazon.com Inc. 2,292,693 $503.4M Add +1.7% MELI MercadoLibre Inc. 200,015 $467.4M Reduce -2.9% CPNG Coupang Inc. 10,703,671 $344.7M Reduce -2.8% RBLX Roblox Corp. Class A 2,463,065 $341.2M Reduce -17.9% FERG Ferguson Enterprises Inc. 1,518,157 $340.9M Reduce -2.8% HLT Hilton Worldwide Holdings Inc. 1,178,182 $305.7M Reduce -2.7% MSFT Microsoft Corp. 503,424 $260.7M Reduce -14.3% GOOG Alphabet Inc. Class C 991,937 $241.6M Reduce -32.8% V Visa Inc. Class A 537,520 $183.5M Add +38.6% DUOL Duolingo 499,917 $160.9M Add +17.3% SHOP Shopify Inc. Class A 1,051,834 $156.3M Reduce -22.3% SE Sea Ltd.-ADR 790,285 $141.2M Reduce -16.7% AFRM Affirm Holdings Inc. 1,932,481 $141.2M Reduce -33.3% WIX Wix.com Ltd. 689,041 $122.4M New PYPL PayPal Holdings Inc. 1,742,841 $116.9M Reduce -2.9% AUR Aurora Innovation Inc. 11,869,939 $64.0M Add +33.6% BKNG Booking Holdings Inc. 11,321 $61.1M Reduce -28.6% WBD Warner Bros Discovery Inc. 1,474,450 $28.8M New CART Maplebear Inc. 442,085 $16.3M Reduce -5.3%
Options reported separately and not counted above: ARKK puts ($345.2M).
Portfolio Sells Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ TEAM Atlassian Corp. Class A Sold out 0.00% −3.29 MELI MercadoLibre Inc. Reduce -2.9% 11.69% −1.30 AFRM Affirm Holdings Inc. Reduce -33.3% 3.53% −1.30 BKNG Booking Holdings Inc. Reduce -28.6% 1.53% −0.69 MSFT Microsoft Corp. Reduce -14.3% 6.52% −0.53 PYPL PayPal Holdings Inc. Reduce -2.9% 2.92% −0.30 GOOG Alphabet Inc. Class C Reduce -32.8% 6.04% −0.27 HLT Hilton Worldwide Holdings Inc. Reduce -2.7% 7.65% −0.14 SE Sea Ltd.-ADR Reduce -16.7% 3.53% −0.13 CART Maplebear Inc. Reduce -5.3% 0.41% −0.10 SHOP Shopify Inc. Class A Reduce -22.3% 3.91% +0.14 FERG Ferguson Enterprises Inc. Reduce -2.8% 8.53% +0.33 CPNG Coupang Inc. Reduce -2.8% 8.62% +0.66 RBLX Roblox Corp. Class A Reduce -17.9% 8.53% +0.92
Portfolio Buys Q2 2025 → Q3 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ WIX Wix.com Ltd. New 3.06% +3.06 V Visa Inc. Class A Add +38.6% 4.59% +1.27 WBD Warner Bros Discovery Inc. New 0.72% +0.72 AMZN Amazon.com Inc. Add +1.7% 12.59% +0.66 AUR Aurora Innovation Inc. Add +33.6% 1.60% +0.48 DUOL Duolingo Add +17.3% 4.02% −0.19
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ ARKK ARK Innovation ETF put New 4,000,000 $345.2M
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 16 $3.7B MELI, AMZN, GOOG, FERG, HLT Q1 2026 14 $3.2B MELI, AMZN, HLT, FERG, GOOG Q4 2025 16 $4.1B AMZN, MELI, CPNG, HLT, FERG Q3 2025 19 $4.0B AMZN, MELI, CPNG, RBLX, FERG Q2 2025 18 $4.1B MELI, AMZN, FERG, CPNG, HLT Q1 2025 18 $3.3B AMZN, MELI, HLT, FERG, CPNG Q4 2024 20 $3.7B AMZN, MELI, HLT, TEAM, FERG Q3 2024 20 $3.6B MELI, AMZN, HLT, FERG, CPNG Q2 2024 19 $3.6B AMZN, MELI, HLT, MSFT, FERG Q1 2024 25 $3.7B AMZN, HLT, MELI, FERG, MSFT