In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Greenvale Capital LLP reported 15 stock positions worth $1.3 billion . Its top holding was Sunrun (RUN) at 18.5% of the portfolio, followed by Roblox Class A (RBLX, 11.9% ) and Zeta Global Class A (ZETA, 11.5% ). Compared with Q2 2025, it opened 4 new positions, sold out of 5, added to 5 and reduced 6. The biggest buy was Varonis Systems (VRNS, shares +283% ) and the biggest sale an exit from Goodyear Tire & Rubber (GT).
Location LONDON, X0
CIK 0001768041
Portfolio Value $1.3B (Q3 2025) Holdings 15 stocks · $1.3B 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 RUN Sunrun Inc. 13,408,562 $231.8M Reduce -2.1% RBLX Roblox Corp. Class A 1,075,000 $148.9M Reduce -4.4% ZETA Zeta Global Holdings Corp. Class A 7,250,000 $144.1M Add +4.3% SN Sharkninja Inc. 1,259,500 $129.9M Reduce -6.7% VRNS Varonis Systems Inc. 1,725,000 $99.1M Add +283.3% FCN Fti Consulting Inc. 498,000 $80.5M Add +24.5% KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 980,000 $80.0M Reduce -14.8% OKTA Okta Inc. 740,000 $67.9M New ACEL Accel Entertainment Inc. 6,059,407 $67.1M Add +9.2% BA The Boeing Co. 300,000 $64.7M Reduce -29.4% CPRI Capri Holdings Ltd. 2,200,000 $43.8M New PAYO Payoneer Global Inc. 7,084,000 $42.9M Add +235.3% ADSK Autodesk Inc. 105,000 $33.4M New SPY SS SPDR S&P 500 ETF Trust-US 15,000 $10.0M Reduce -30.2% PLNT Planet Fitness Inc. Class A 60,000 $6.2M New
Options reported separately and not counted above: RUN calls ($20.5M).
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 ▲ GT Goodyear Tire & Rubber Co. Sold out 0.00% −9.51 CYBR Cyberark Software Ltd./Israel Sold out 0.00% −6.73 BIRK Birkenstock Holding PLC Sold out 0.00% −5.94 BA The Boeing Co. Reduce -29.4% 5.18% −2.78 KSPI JSC Kaspi.kz ADR Reduce -14.8% 6.40% −2.33 FSS Federal Signal Corp. Sold out 0.00% −2.28 SN Sharkninja Inc. Reduce -6.7% 10.39% −1.56 UDMY Udemy Inc. Sold out 0.00% −0.53 SPY SS SPDR S&P 500 ETF Trust-US Reduce -30.2% 0.80% −0.39 RBLX Roblox Corp. Class A Reduce -4.4% 11.91% +1.33 RUN Sunrun Inc. Reduce -2.1% 18.54% +8.52
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 ▼ VRNS Varonis Systems Inc. Add +283.3% 7.93% +5.89 OKTA Okta Inc. New 5.43% +5.43 CPRI Capri Holdings Ltd. New 3.50% +3.50 ADSK Autodesk Inc. New 2.67% +2.67 PAYO Payoneer Global Inc. Add +235.3% 3.43% +2.13 ZETA Zeta Global Holdings Corp. Class A Add +4.3% 11.52% +1.89 FCN Fti Consulting Inc. Add +24.5% 6.44% +0.66 PLNT Planet Fitness Inc. Class A New 0.50% +0.50 ACEL Accel Entertainment Inc. Add +9.2% 5.36% −0.48
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ RUN Sunrun Inc. call Reduce -83.0% 1,188,100 $20.5M
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