In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Greenvale Capital LLP reported 15 stock positions worth $1.0 billion . Its top holding was Cyberark Software Ltd./Israel (CYBR) at 11.7% of the portfolio, followed by JSC Kaspi.kz ADR (KSPI, 10.4% ) and Birkenstock (BIRK, 9.5% ). Compared with Q4 2024, it opened 3 new positions, sold out of 3, added to 5 and reduced 7. The biggest buy was a new position in Fti Consulting (FCN) and the biggest sale an exit from PTC (PTC).
Location LONDON, X0
CIK 0001768041
Portfolio Value $1.0B (Q1 2025) Holdings 15 stocks · $1.0B 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 Q4 2024 CYBR Cyberark Software Ltd./Israel 355,000 $120.0M Reduce -21.5% KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 1,150,000 $106.8M Reduce -4.2% BIRK Birkenstock Holding PLC 2,125,783 $97.5M Add +41.7% SN Sharkninja Inc. 1,070,000 $89.2M Add +42.7% RUN Sunrun Inc. 15,150,116 $88.8M Add +12.2% RBLX Roblox Corp. Class A 1,450,000 $84.5M Reduce -45.3% PLNT Planet Fitness Inc. Class A 800,000 $77.3M Reduce -33.3% PWR Quanta Services Inc. 300,000 $76.3M Add +87.5% ZS Zscaler Inc. 300,000 $59.5M Reduce -25.0% FCN Fti Consulting Inc. 360,220 $59.1M New ACEL Accel Entertainment Inc. 5,548,302 $55.0M Reduce -5.1% BA The Boeing Co. 250,000 $42.6M Add +19.1% ZETA Zeta Global Holdings Corp. Class A 2,500,000 $33.9M New UDMY Udemy Inc. 3,549,830 $27.5M Reduce -5.1% SPY SS SPDR S&P 500 ETF Trust-US 16,150 $9.0M New
Portfolio Sells Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▲ PTC PTC Inc. Sold out 0.00% −8.65 RBLX Roblox Corp. Class A Reduce -45.3% 8.23% −4.32 ADSK Autodesk Inc. Sold out 0.00% −3.02 PLNT Planet Fitness Inc. Class A Reduce -33.3% 7.52% −2.19 CYBR Cyberark Software Ltd./Israel Reduce -21.5% 11.68% −0.65 GT Goodyear Tire & Rubber Co. Sold out 0.00% −0.55 ZS Zscaler Inc. Reduce -25.0% 5.80% −0.11 UDMY Udemy Inc. Reduce -5.1% 2.68% +0.16 ACEL Accel Entertainment Inc. Reduce -5.1% 5.36% +0.25 KSPI JSC Kaspi.kz ADR Reduce -4.2% 10.40% +1.09
Portfolio Buys Q4 2024 → Q1 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 Q4 2024 % Of Portfolio Change To Portfolio ▼ FCN Fti Consulting Inc. New 5.75% +5.75 ZETA Zeta Global Holdings Corp. Class A New 3.30% +3.30 PWR Quanta Services Inc. Add +87.5% 7.42% +3.29 SN Sharkninja Inc. Add +42.7% 8.69% +2.71 BIRK Birkenstock Holding PLC Add +41.7% 9.49% +2.53 BA The Boeing Co. Add +19.1% 4.15% +1.11 SPY SS SPDR S&P 500 ETF Trust-US New 0.88% +0.88 RUN Sunrun Inc. Add +12.2% 8.64% −1.58
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ ZIM Zim Integrated Shipping Serv put Sold out 6,000,000 $128.8Mbefore exit
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 10 $909.1M ZETA, RUN, OKTA, SN, FCN Q1 2026 12 $912.2M ZETA, RUN, SN, FCN, OKTA Q4 2025 14 $1.1B RUN, ZETA, SN, OKTA, ENPH Q3 2025 15 $1.3B RUN, RBLX, ZETA, SN, VRNS Q2 2025 16 $1.1B SN, RBLX, RUN, ZETA, GT Q1 2025 15 $1.0B CYBR, KSPI, BIRK, SN, RUN Q4 2024 15 $1.2B RBLX, CYBR, RUN, PLNT, KSPI Q3 2024 14 $1.6B CYBR, RBLX, PYPL, RMD, RUN Q2 2024 Amended 15 $1.4B CYBR, PLNT, PYPL, RUN, RMD Q1 2024 14 $1.2B CYBR, PLNT, PYPL, RUN, RMD