General Atlantic, L.P.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), General Atlantic, L.P. reported 16 stock positions worth $3.3 billion. Its top holding was Dlocal (DLO) at 20.0% of the portfolio, followed by XP Class A (XP, 14.4%) and Alignment Healthcare (ALHC, 12.7%). Compared with Q2 2025, it opened 1 new position, added to 3 and reduced 3. The biggest buy was a new position in Revolution Medicines (RVMD) and the biggest sale Alignment Healthcare (ALHC, shares −45%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001017645
Portfolio Value
$3.3B (Q3 2025)
SEC Filing
0000950142-25-002960 ↗ filed Nov 13, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $4.3B Q1 2024 Q2 2024: $3.2B Q2 2024 Q3 2024: $3.5B Q3 2024 Q4 2024: $2.8B Q4 2024 Q1 2025: $3.0B Q1 2025 Q2 2025: $3.6B Q2 2025 Q3 2025: $3.3B $3.3B Q3 2025 Q4 2025: $2.9B Q4 2025 Q1 2026: $2.1B Q1 2026 Q2 2026: $2.9B Q2 2026

Holdings 16 stocks · $3.3B
DLO Dlocal Ltd. 20.00% 46,656,695 $666.3M Reduce -27.0%
XP XP Inc. Class A 14.39% 25,517,733 $479.5M No change
ALHC Alignment Healthcare Inc. 12.72% 24,287,227 $423.8M Reduce -44.8%
CHYM Chime Financial Inc. Class A 11.63% 19,208,760 $387.4M No change
ALKT Alkami Technology Inc. 8.94% 11,991,480 $297.9M Add +24.3%
AKRO Akero Therapeutics Inc. 8.17% 5,733,989 $272.2M No change
CNTA Centessa Pharmaceuticals Ltd. 7.05% 9,681,818 $234.8M No change
PHVS Pharvaris NV 6.02% 8,031,252 $200.4M Add +6.6%
RVMD Revolution Medicines Inc. 3.47% 2,474,428 $115.6M New
BULL Webull Corp. 3.20% 7,198,867 $106.5M Add +0.7%
RPRX Royalty Pharma PLC Class A 1.59% 1,500,000 $52.9M No change
EWCZ European Wax Center Inc. Class A 1.57% 13,110,492 $52.3M No change
RSKD Riskified Ltd. Class A 0.75% 5,324,998 $24.9M No change
ADAG Adagene Inc.-ADR 0.23% 3,782,339 $7.5M Reduce -1.1%
ALMS Alumis Inc. 0.16% 1,297,530 $5.2M No change
GROV Grove Collaborative Holdings 0.11% 2,474,859 $3.7M No change

Portfolio Sells Q2 2025 → Q3 2025
ALHC Alignment Healthcare Inc. Reduce -44.8% 12.72% −4.25
ADAG Adagene Inc.-ADR Reduce -1.1% 0.23% +0.02
DLO Dlocal Ltd. Reduce -27.0% 20.00% +0.04

Portfolio Buys Q2 2025 → Q3 2025
RVMD Revolution Medicines Inc. New 3.47% +3.47
PHVS Pharvaris NV Add +6.6% 6.02% +2.36
ALKT Alkami Technology Inc. Add +24.3% 8.94% +0.93
BULL Webull Corp. Add +0.7% 3.20% +0.84

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 12$2.9BLFTO, DLO, CHYM, ALKT, XP
Q1 2026 12$2.1BDLO, CHYM, XP, ALKT, PHVS
Q4 2025 13$2.9BDLO, CHYM, XP, ALKT, ALHC
Q3 2025 16$3.3BDLO, XP, ALHC, CHYM, ALKT
Q2 2025 15$3.6BDLO, CHYM, ALHC, XP, AKRO
Q1 2025 15$3.0BALHC, DLO, XP, ALKT, AKRO
Q4 2024 16$2.8BDLO, ALHC, ALKT, XP, CNTA
Q3 2024 18$3.5BALHC, XP, DLO, SQSP, ALKT
Q2 2024 19$3.2BXP, DLO, ALKT, ALHC, SQSP
Q1 2024 22$4.3BDLO, XP, ALKT, HRT, SQSP