Greenvale Capital LLP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Greenvale Capital LLP reported 14 stock positions worth $1.1 billion. Its top holding was Sunrun (RUN) at 18.5% of the portfolio, followed by Zeta Global Class A (ZETA, 13.4%) and Sharkninja (SN, 10.9%). Compared with Q3 2025, it opened 4 new positions, sold out of 5, added to 3 and reduced 5. The biggest buy was a new position in Enphase Energy (ENPH) and the biggest sale an exit from Roblox Class A (RBLX).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001768041
Portfolio Value
$1.1B (Q4 2025)
SEC Filing
0001768041-26-000001 ↗ filed Feb 17, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.6B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.1B $1.1B Q4 2025 Q1 2026: $912.2M Q1 2026 Q2 2026: $909.1M Q2 2026

Holdings 14 stocks · $1.1B
RUN Sunrun Inc. 18.48% 10,718,963 $197.2M Reduce -20.1%
ZETA Zeta Global Holdings Corp. Class A 13.39% 7,022,666 $142.9M Reduce -3.1%
SN Sharkninja Inc. 10.92% 1,041,755 $116.6M Reduce -17.3%
OKTA Okta Inc. 7.66% 945,000 $81.7M Add +27.7%
ENPH Enphase Energy Inc. 7.06% 2,350,000 $75.3M New
ACEL Accel Entertainment Inc. 6.48% 6,059,407 $69.1M No change
TOST Toast Inc. Class A 6.32% 1,900,000 $67.5M New
CPRI Capri Holdings Ltd. 5.99% 2,620,000 $63.9M Add +19.1%
FCN Fti Consulting Inc. 5.76% 360,000 $61.5M Reduce -27.7%
ADSK Autodesk Inc. 5.13% 185,000 $54.8M Add +76.2%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 4.76% 650,000 $50.8M Reduce -33.7%
PAYO Payoneer Global Inc. 3.73% 7,084,000 $39.8M No change
ZS Zscaler Inc. 3.69% 175,000 $39.4M New
CSGP Costar Group Inc. 0.63% 100,000 $6.7M New

Options reported separately and not counted above: ZIM puts ($31.8M).

Portfolio Sells Q3 2025 → Q4 2025
RBLX Roblox Corp. Class A Sold out 0.00% −11.91
VRNS Varonis Systems Inc. Sold out 0.00% −7.93
BA The Boeing Co. Sold out 0.00% −5.18
KSPI JSC Kaspi.kz ADR Reduce -33.7% 4.76% −1.64
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −0.80
FCN Fti Consulting Inc. Reduce -27.7% 5.76% −0.68
PLNT Planet Fitness Inc. Class A Sold out 0.00% −0.50
RUN Sunrun Inc. Reduce -20.1% 18.48% −0.06
SN Sharkninja Inc. Reduce -17.3% 10.92% +0.53
ZETA Zeta Global Holdings Corp. Class A Reduce -3.1% 13.39% +1.87

Portfolio Buys Q3 2025 → Q4 2025
ENPH Enphase Energy Inc. New 7.06% +7.06
TOST Toast Inc. Class A New 6.32% +6.32
ZS Zscaler Inc. New 3.69% +3.69
CPRI Capri Holdings Ltd. Add +19.1% 5.99% +2.49
ADSK Autodesk Inc. Add +76.2% 5.13% +2.46
OKTA Okta Inc. Add +27.7% 7.66% +2.23
CSGP Costar Group Inc. New 0.63% +0.63

Options Activity Q3 2025 → Q4 2025
ZIM Zim Integrated Shipping Serv put New 1,500,000 $31.8M
RUN Sunrun Inc. call Sold out 1,188,100 $20.5Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 10$909.1MZETA, RUN, OKTA, SN, FCN
Q1 2026 12$912.2MZETA, RUN, SN, FCN, OKTA
Q4 2025 14$1.1BRUN, ZETA, SN, OKTA, ENPH
Q3 2025 15$1.3BRUN, RBLX, ZETA, SN, VRNS
Q2 2025 16$1.1BSN, RBLX, RUN, ZETA, GT
Q1 2025 15$1.0BCYBR, KSPI, BIRK, SN, RUN
Q4 2024 15$1.2BRBLX, CYBR, RUN, PLNT, KSPI
Q3 2024 14$1.6BCYBR, RBLX, PYPL, RMD, RUN
Q2 2024Amended 15$1.4BCYBR, PLNT, PYPL, RUN, RMD
Q1 2024 14$1.2BCYBR, PLNT, PYPL, RUN, RMD