ICONIQ Capital, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), ICONIQ Capital, LLC reported 94 stock positions worth $8.0 billion. Its top holding was Netskope Class A (NTSK) at 18.7% of the portfolio, followed by Procore Technologies (PCOR, 18.7%) and Servicetitan Class A (TTAN, 14.4%). Compared with Q2 2025, it opened 3 new positions, sold out of 313, added to 18 and reduced 42. The biggest buy was a new position in Netskope Class A (NTSK) and the biggest sale Servicetitan Class A (TTAN, shares −17%).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001569709
Portfolio Value
$8.0B (Q3 2025)
SEC Filing
0001011438-25-000558 ↗ filed Nov 14, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B$10.0B Q1 2024: $5.7B Q1 2024 Q2 2024: $4.7B Q2 2024 Q3 2024: $4.7B Q3 2024 Q4 2024: $6.4B Q4 2024 Q1 2025: $5.6B Q1 2025 Q2 2025: $5.9B Q2 2025 Q3 2025: $8.0B $8.0B Q3 2025 Q4 2025: $6.6B Q4 2025 Q1 2026: $4.5B Q1 2026 Q2 2026: $3.5B Q2 2026

Holdings 94 stocks · $8.0B
NTSK Netskope Inc. Class A 18.72% 66,267,513 $1.5B New
PCOR Procore Technologies Inc. 18.69% 20,620,931 $1.5B Reduce -0.2%
TTAN Servicetitan Inc. Class A 14.45% 11,527,632 $1.2B Reduce -17.4%
FIG Figma Inc. Class A 13.78% 21,378,048 $1.1B New
OWL Blue Owl Capital Inc. 7.05% 33,500,000 $567.2M No change
CHYM Chime Financial Inc. Class A 3.77% 15,034,594 $303.2M No change
SHOP Shopify Inc. Class A 3.08% 1,667,602 $247.8M Reduce -0.5%
ACWI iShares MSCI Acwi ETF 2.32% 1,352,742 $187.0M Reduce -4.9%
HOOD Robinhood Markets Inc. Class A 2.09% 1,175,483 $168.3M Reduce -0.3%
GOOGL Alphabet Inc. Class A 1.88% 623,642 $151.6M Add +1588.6%
AVGO Broadcom Inc. 1.76% 428,009 $141.2M Add +296.9%
BL Blackline Inc. 1.38% 2,087,081 $110.8M No change
NVDA Nvidia Corp. 1.19% 511,249 $95.4M Add +152.6%
TSM Taiwan Semiconductor-SP ADR 0.97% 280,312 $78.3M No change
MSFT Microsoft Corp. 0.97% 151,006 $78.2M Add +313.8%
GTLB Gitlab Inc. Class A 0.84% 1,494,735 $67.4M Reduce -62.4%
DDOG Datadog Inc. Class A 0.78% 438,914 $62.5M Reduce -64.4%
AMZN Amazon.com Inc. 0.69% 253,644 $55.7M Reduce -14.3%
APP AppLovin Corp. Class A 0.64% 71,370 $51.3M Reduce -1.6%
AMD Advanced Micro Devices 0.58% 290,826 $47.1M Add +2789.5%
CRWD CrowdStrike Holdings Inc. Class A 0.51% 82,904 $40.7M Reduce -1.2%
COIN Coinbase Global Inc. Class A 0.41% 97,614 $32.9M Reduce -0.2%
TOST Toast Inc. Class A 0.28% 619,524 $22.6M Reduce -1.3%
BRZE Braze Inc. Class A 0.28% 787,388 $22.4M Reduce -49.4%
KOD Kodiak Sciences Inc. 0.26% 1,266,563 $20.7M No change
MELI MercadoLibre Inc. 0.19% 6,452 $15.1M Reduce -26.4%
GLD SPDR Gold Shares 0.19% 42,127 $15.0M No change
CCC CCC Intelligent Solutions Ho 0.13% 1,160,847 $10.6M No change
SOVF Sovereign's Capital Flourish 0.13% 332,448 $10.1M Add +0.0%
VOO Vanguard S&P 500 ETF 0.12% 15,615 $9.6M Add +0.2%
ACWX iShares MSCI Acwi Ex US ETF 0.12% 144,201 $9.4M No change
GBTC Grayscale Bitcoin Trust ETF 0.11% 101,575 $9.1M No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.11% 563,570 $9.0M Reduce -87.7%
IUSV iShares Core S&P U.S. Value 0.11% 85,842 $8.6M No change
CRM Salesforce Inc. 0.10% 35,168 $8.3M Reduce -7.3%
IVV iShares Core S&P 500 ETF 0.09% 10,912 $7.3M Reduce -0.6%
ORCL Oracle Corp. 0.09% 24,531 $6.9M Reduce -91.8%
VT Vanguard Tot World STK ETF 0.08% 46,589 $6.4M Add +0.1%
VEA Vanguard Ftse Developed ETF 0.08% 105,309 $6.3M Add +0.0%
UBER Uber Technologies Inc. 0.07% 61,133 $6.0M Reduce -12.1%
IEFA iShares Core MSCI Eafe ETF 0.07% 62,344 $5.4M No change
URTH iShares MSCI World ETF 0.07% 29,109 $5.3M No change
NET Cloudflare Inc. Class A 0.06% 23,136 $5.0M Add +983.1%
IWB iShares Russell 1000 ETF 0.06% 13,072 $4.8M Reduce -33.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 7,122 $4.7M Add +0.0%
NMRA Neumora Therapeutics Inc. 0.06% 2,559,090 $4.7M No change
VIG Vanguard Dividend Apprec ETF 0.04% 16,466 $3.6M No change
IWF iShares Russell 1000 Growth 0.04% 7,583 $3.6M Reduce -57.5%
DASH DoorDash Inc. Class A 0.04% 11,503 $3.1M Reduce -13.6%
VTI VG Morningstar TS MKT ETF-US 0.04% 8,722 $2.9M Add +0.1%
AKAF The Frontier Economic Fund 0.03% 75,400 $2.1M New
IWD iShares Russell 1000 Value E 0.03% 10,489 $2.1M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.02% 4,079 $2.0M Reduce -23.6%
AAPL Apple Inc. 0.02% 7,327 $1.9M Reduce -90.3%
BABA Alibaba Group Holding-SP ADR 0.02% 8,913 $1.6M Reduce -2.3%
SNOW Snowflake Inc. 0.02% 6,807 $1.5M Reduce -18.7%
HDV iShares Core High Dividend E 0.02% 11,565 $1.4M No change
IAU iShares Gold Trust 0.02% 18,779 $1.4M Reduce -24.1%
GOOG Alphabet Inc. Class C 0.01% 4,877 $1.2M Reduce -82.0%
META Meta Platforms Inc. Class A 0.01% 1,473 $1.1M Reduce -86.8%
DVY iShares Select Dividend ETF 0.01% 6,152 $874K Add +0.1%
BTC Grayscale Bitcoin Mini ETF 0.01% 15,586 $789K No change
SKYY First Trust Cloud Computing 0.01% 5,235 $704K No change
FDN First Trust DJ Internet Ind 0.01% 2,329 $652K No change
INTU Intuit Inc. 0.01% 923 $631K Reduce -54.2%
OEF iShares S&P 100 ETF 0.01% 1,891 $629K Add +0.2%
VYM Vanguard High DVD Yield ETF 0.01% 4,330 $610K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 1,443 $581K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.01% 1,840 $541K No change
QQQ Invesco QQQ Trust Series 1 0.01% 899 $540K Add +0.1%
TSLA Tesla Inc. 0.01% 1,203 $535K Reduce -91.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.01% 2,724 $508K No change
RLAY Relay Therapeutics Inc. 0.01% 94,697 $494K No change
TTWO Take-Two Interactive Softwre 0.01% 1,884 $487K Reduce -17.3%
VNQ Vanguard Real Estate ETF 0.01% 5,125 $469K Add +1.0%
JPM JPMorgan Chase & Co. 0.01% 1,395 $440K Reduce -77.0%
SDY SS SPDR S&P Dividend ETF 0.01% 3,005 $421K No change
JD Jd.com Inc.-ADR 0.01% 11,401 $399K Reduce -1.2%
BRK.B Berkshire Hathaway Inc. Class B 0.00% 782 $393K Reduce -90.4%
NFLX Netflix Inc. 0.00% 322 $386K Reduce -87.1%
IEMG iShares Core MSCI Emerging 0.00% 5,447 $359K No change
GS Goldman Sachs Group Inc. 0.00% 445 $354K Reduce -76.7%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.00% 1,979 $345K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.00% 1,129 $336K No change
IJR iShares Core S&P Small-Cap E 0.00% 2,563 $305K Add +0.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.00% 1,398 $292K No change
WMT Walmart Inc. 0.00% 2,761 $285K Reduce -86.3%
LLY Eli Lilly & Co. 0.00% 357 $272K Reduce -90.4%
XLE SS Energy Select Sector 0.00% 3,000 $268K Add +0.8%
V Visa Inc. Class A 0.00% 760 $259K Reduce -91.9%
IWR iShares Russell Mid-Cap ETF 0.00% 2,595 $251K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.00% 4,506 $232K Reduce -84.7%
IWV iShares Russell 3000 ETF 0.00% 603 $229K No change
CCK Crown Holdings Inc. 0.00% 2,104 $203K Reduce -0.6%

Portfolio Sells Q2 2025 → Q3 2025
TTAN Servicetitan Inc. Class A Reduce -17.4% 14.45% −10.82
PCOR Procore Technologies Inc. Reduce -0.2% 18.69% −5.19
GTLB Gitlab Inc. Class A Reduce -62.4% 0.84% −2.19
DDOG Datadog Inc. Class A Reduce -64.4% 0.78% −2.02
ORCL Oracle Corp. Reduce -91.8% 0.09% −1.02
NU Nu Holdings Ltd./Cayman Isl-A Reduce -87.7% 0.11% −0.95
ACWI iShares MSCI Acwi ETF Reduce -4.9% 2.32% −0.77
BRZE Braze Inc. Class A Reduce -49.4% 0.28% −0.46
AMZN Amazon.com Inc. Reduce -14.3% 0.69% −0.40
AAPL Apple Inc. Reduce -90.3% 0.02% −0.24
CRWD CrowdStrike Holdings Inc. Class A Reduce -1.2% 0.51% −0.22
MELI MercadoLibre Inc. Reduce -26.4% 0.19% −0.20
SHOP Shopify Inc. Class A Reduce -0.5% 3.08% −0.18
COIN Coinbase Global Inc. Class A Reduce -0.2% 0.41% −0.17
META Meta Platforms Inc. Class A Reduce -86.8% 0.01% −0.13
IWF iShares Russell 1000 Growth Reduce -57.5% 0.04% −0.08
TOST Toast Inc. Class A Reduce -1.3% 0.28% −0.07
TSLA Tesla Inc. Reduce -91.8% 0.01% −0.07
CRM Salesforce Inc. Reduce -7.3% 0.10% −0.07
GOOG Alphabet Inc. Class C Reduce -82.0% 0.01% −0.07
BRK.B Berkshire Hathaway Inc. Class B Reduce -90.4% 0.00% −0.06
IWB iShares Russell 1000 ETF Reduce -33.6% 0.06% −0.05
V Visa Inc. Class A Reduce -91.9% 0.00% −0.05
NFLX Netflix Inc. Reduce -87.1% 0.00% −0.05
MA Mastercard Inc. Class A Sold out 0.00% −0.05
LLY Eli Lilly & Co. Reduce -90.4% 0.00% −0.05
COST Costco Wholesale Corp. Sold out 0.00% −0.04
XOM Exxon Mobil Corp. Sold out 0.00% −0.04
UBER Uber Technologies Inc. Reduce -12.1% 0.07% −0.04
SAP Sap SE-Sponsored ADR Sold out 0.00% −0.03
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.03
JNJ Johnson & Johnson Sold out 0.00% −0.03
KO The Coca-Cola Co. Sold out 0.00% −0.03
GE General Electric Sold out 0.00% −0.03
WMT Walmart Inc. Reduce -86.3% 0.00% −0.03
CSCO Cisco Systems Inc. Sold out 0.00% −0.03
ABT Abbott Laboratories Sold out 0.00% −0.03
C Citigroup Inc. Sold out 0.00% −0.03
ABBV Abbvie Inc. Sold out 0.00% −0.03
PM Philip Morris International Sold out 0.00% −0.02
HD Home Depot Inc. Sold out 0.00% −0.02
NVS Novartis AG-Sponsored ADR Sold out 0.00% −0.02
AMAT Applied Materials Inc. Sold out 0.00% −0.02
PG The Procter & Gamble Co. Sold out 0.00% −0.02
HSBC HSBC Holdings PLC-Spons ADR Sold out 0.00% −0.02
IVV iShares Core S&P 500 ETF Reduce -0.6% 0.09% −0.02
JPM JPMorgan Chase & Co. Reduce -77.0% 0.01% −0.02
LIN Linde PLC Sold out 0.00% −0.02
KLAC KLA Corp. Sold out 0.00% −0.02
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.02

Portfolio Buys Q2 2025 → Q3 2025
NTSK Netskope Inc. Class A New 18.72% +18.72
FIG Figma Inc. Class A New 13.78% +13.78
GOOGL Alphabet Inc. Class A Add +1588.6% 1.88% +1.77
AVGO Broadcom Inc. Add +296.9% 1.76% +1.25
MSFT Microsoft Corp. Add +313.8% 0.97% +0.67
NVDA Nvidia Corp. Add +152.6% 1.19% +0.65
AMD Advanced Micro Devices Add +2789.5% 0.58% +0.56
NET Cloudflare Inc. Class A Add +983.1% 0.06% +0.05
AKAF The Frontier Economic Fund New 0.03% +0.03
IJR iShares Core S&P Small-Cap E Add +0.3% 0.00% −0.00
XLE SS Energy Select Sector Add +0.8% 0.00% −0.00
QQQ Invesco QQQ Trust Series 1 Add +0.1% 0.01% −0.00
VNQ Vanguard Real Estate ETF Add +1.0% 0.01% −0.00
OEF iShares S&P 100 ETF Add +0.2% 0.01% −0.00
DVY iShares Select Dividend ETF Add +0.1% 0.01% −0.00
VTI VG Morningstar TS MKT ETF-US Add +0.1% 0.04% −0.01
SOVF Sovereign's Capital Flourish Add +0.0% 0.13% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +0.0% 0.06% −0.02
VT Vanguard Tot World STK ETF Add +0.1% 0.08% −0.02
VEA Vanguard Ftse Developed ETF Add +0.0% 0.08% −0.02
VOO Vanguard S&P 500 ETF Add +0.2% 0.12% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 76$3.5BTTAN, NTSK, PCOR, OWL, ACWI
Q1 2026 82$4.5BPCOR, TTAN, NTSK, OWL, SHOP
Q4 2025 85$6.6BTTAN, NTSK, PCOR, OWL, SHOP
Q3 2025 94$8.0BNTSK, PCOR, TTAN, FIG, OWL
Q2 2025 404$5.9BTTAN, PCOR, OWL, CHYM, SHOP
Q1 2025 386$5.6BPCOR, TTAN, OWL, DDOG, GTLB
Q4 2024 345$6.4BPCOR, TTAN, OWL, DDOG, GTLB
Q3 2024 206$4.7BPCOR, OWL, DDOG, GTLB, ACWI
Q2 2024 99$4.7BPCOR, OWL, DDOG, GTLB, BRZE
Q1 2024 63$5.7BPCOR, OWL, DDOG, GTLB, BRZE