ICONIQ Capital, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), ICONIQ Capital, LLC reported 85 stock positions worth $6.6 billion. Its top holding was Servicetitan Class A (TTAN) at 18.5% of the portfolio, followed by Netskope Class A (NTSK, 17.6%) and Procore Technologies (PCOR, 16.1%). Compared with Q3 2025, it opened 3 new positions, sold out of 12, added to 19 and reduced 30. The biggest buy was Shopify Class A (SHOP, shares +47%) and the biggest sale Figma Class A (FIG, shares −73%).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001569709
Portfolio Value
$6.6B (Q4 2025)
SEC Filing
0001011438-26-000105 ↗ filed Feb 13, 2026

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 Q3 2025 Q4 2025: $6.6B $6.6B Q4 2025 Q1 2026: $4.5B Q1 2026 Q2 2026: $3.5B Q2 2026

Holdings 85 stocks · $6.6B
TTAN Servicetitan Inc. Class A 18.54% 11,527,632 $1.2B No change
NTSK Netskope Inc. Class A 17.56% 66,267,513 $1.2B No change
PCOR Procore Technologies Inc. 16.06% 14,620,931 $1.1B Reduce -29.1%
OWL Blue Owl Capital Inc. 7.56% 33,500,000 $500.4M No change
SHOP Shopify Inc. Class A 5.97% 2,456,052 $395.4M Add +47.3%
CHYM Chime Financial Inc. Class A 4.58% 12,042,280 $303.1M Reduce -19.9%
GOOGL Alphabet Inc. Class A 3.71% 783,782 $245.3M Add +25.7%
FIG Figma Inc. Class A 3.28% 5,808,720 $217.1M Reduce -72.8%
NVDA Nvidia Corp. 3.09% 1,095,311 $204.3M Add +114.2%
ACWI iShares MSCI Acwi ETF 2.81% 1,315,860 $186.2M Reduce -2.7%
AVGO Broadcom Inc. 2.23% 426,802 $147.7M Reduce -0.3%
HOOD Robinhood Markets Inc. Class A 2.01% 1,175,483 $132.9M No change
BL Blackline Inc. 1.74% 2,087,081 $115.4M No change
NOW ServiceNow Inc. 1.39% 599,070 $91.8M New
MSFT Microsoft Corp. 1.09% 149,321 $72.2M Reduce -1.1%
AMD Advanced Micro Devices 0.94% 290,518 $62.2M Reduce -0.1%
AMZN Amazon.com Inc. 0.88% 251,061 $57.9M Reduce -1.0%
TSM Taiwan Semiconductor-SP ADR 0.77% 167,925 $51.0M Reduce -40.1%
APP AppLovin Corp. Class A 0.73% 71,370 $48.1M No change
GTLB Gitlab Inc. Class A 0.66% 1,159,908 $43.5M Reduce -22.4%
CRWD CrowdStrike Holdings Inc. Class A 0.59% 82,904 $38.9M No change
KOD Kodiak Sciences Inc. 0.53% 1,266,563 $35.4M No change
IVV iShares Core S&P 500 ETF 0.28% 26,960 $18.5M Add +147.1%
GLD SPDR Gold Shares 0.22% 36,920 $14.6M Reduce -12.4%
COIN Coinbase Global Inc. Class A 0.21% 62,767 $14.2M Reduce -35.7%
MELI MercadoLibre Inc. 0.20% 6,449 $13.0M Reduce -0.1%
IEFA iShares Core MSCI Eafe ETF 0.15% 113,075 $10.1M Add +81.4%
ACWX iShares MSCI Acwi Ex US ETF 0.15% 146,489 $9.8M Add +1.6%
VOO Vanguard S&P 500 ETF 0.15% 15,664 $9.8M Add +0.3%
CCC CCC Intelligent Solutions Ho 0.14% 1,160,847 $9.2M No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.13% 533,344 $8.9M Reduce -5.4%
IUSV iShares Core S&P U.S. Value 0.13% 85,842 $8.8M No change
GBTC Grayscale Bitcoin Trust ETF 0.10% 101,575 $6.9M No change
VEA Vanguard Ftse Developed ETF 0.10% 105,323 $6.6M Add +0.0%
VT Vanguard Tot World STK ETF 0.10% 44,785 $6.3M Reduce -3.9%
SOVF Sovereign's Capital Flourish 0.09% 214,249 $6.3M Reduce -35.5%
URTH iShares MSCI World ETF 0.08% 29,109 $5.4M No change
IWB iShares Russell 1000 ETF 0.07% 13,096 $4.9M Add +0.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 7,122 $4.9M No change
ORCL Oracle Corp. 0.07% 23,884 $4.7M Reduce -2.6%
INVESCO QQQ TR 0.07% 7,499 $4.6M New
NMRA Neumora Therapeutics Inc. 0.07% 2,559,090 $4.6M No change
NET Cloudflare Inc. Class A 0.07% 23,136 $4.6M No change
VIG Vanguard Dividend Apprec ETF 0.05% 16,466 $3.6M No change
IWF iShares Russell 1000 Growth 0.05% 7,583 $3.6M No change
VTI VG Morningstar TS MKT ETF-US 0.04% 8,741 $2.9M Add +0.2%
DASH DoorDash Inc. Class A 0.04% 11,503 $2.6M No change
IWD iShares Russell 1000 Value E 0.03% 10,489 $2.2M No change
AKAF The Frontier Economic Fund 0.03% 75,400 $2.2M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 4,080 $2.0M Add +0.0%
UBER Uber Technologies Inc. 0.02% 20,014 $1.6M Reduce -67.3%
GOOG Alphabet Inc. Class C 0.02% 5,208 $1.6M Add +6.8%
SNOW Snowflake Inc. 0.02% 6,739 $1.5M Reduce -1.0%
HDV iShares Core High Dividend E 0.02% 11,565 $1.4M No change
BABA Alibaba Group Holding-SP ADR 0.02% 7,990 $1.2M Reduce -10.4%
IAU iShares Gold Trust 0.02% 12,819 $1.0M Reduce -31.7%
AAPL Apple Inc. 0.01% 3,219 $875K Reduce -56.1%
DVY iShares Select Dividend ETF 0.01% 6,164 $870K Add +0.2%
RLAY Relay Therapeutics Inc. 0.01% 94,697 $801K No change
IEMG iShares Core MSCI Emerging 0.01% 10,599 $712K Add +94.6%
SKYY First Trust Cloud Computing 0.01% 5,235 $681K No change
OEF iShares S&P 100 ETF 0.01% 1,896 $650K Add +0.3%
FDNI First Trust Dow Jones Intl 0.01% 2,329 $627K New
VYM Vanguard High DVD Yield ETF 0.01% 4,330 $621K No change
BTC Grayscale Bitcoin Mini ETF 0.01% 15,586 $604K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 1,459 $602K Add +1.1%
INTU Intuit Inc. 0.01% 862 $571K Reduce -6.6%
META Meta Platforms Inc. Class A 0.01% 835 $551K Reduce -43.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.01% 2,724 $520K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.01% 1,840 $514K No change
TTWO Take-Two Interactive Softwre 0.01% 1,825 $467K Reduce -3.1%
VNQ Vanguard Real Estate ETF 0.01% 5,172 $458K Add +0.9%
SDY SS SPDR S&P Dividend ETF 0.01% 3,005 $418K No change
DDOG Datadog Inc. Class A 0.01% 2,675 $364K Reduce -99.4%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.01% 1,979 $351K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.01% 1,129 $341K No change
GS Goldman Sachs Group Inc. 0.01% 377 $331K Reduce -15.3%
IJR iShares Core S&P Small-Cap E 0.00% 2,575 $309K Add +0.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.00% 1,398 $296K No change
XLE SS Energy Select Sector 0.00% 6,051 $271K Add +0.8%
JPM JPMorgan Chase & Co. 0.00% 778 $251K Reduce -44.2%
IWR iShares Russell Mid-Cap ETF 0.00% 2,595 $250K No change
IWV iShares Russell 3000 ETF 0.00% 603 $233K No change
JD Jd.com Inc.-ADR 0.00% 7,462 $214K Reduce -34.5%
TSLA Tesla Inc. 0.00% 466 $210K Reduce -61.3%

Portfolio Sells Q3 2025 → Q4 2025
FIG Figma Inc. Class A Reduce -72.8% 3.28% −10.50
PCOR Procore Technologies Inc. Reduce -29.1% 16.06% −2.63
DDOG Datadog Inc. Class A Reduce -99.4% 0.01% −0.77
TOST Toast Inc. Class A Sold out 0.00% −0.28
BRZE Braze Inc. Class A Sold out 0.00% −0.28
TSM Taiwan Semiconductor-SP ADR Reduce -40.1% 0.77% −0.20
COIN Coinbase Global Inc. Class A Reduce -35.7% 0.21% −0.20
GTLB Gitlab Inc. Class A Reduce -22.4% 0.66% −0.18
CRM Salesforce Inc. Sold out 0.00% −0.10
UBER Uber Technologies Inc. Reduce -67.3% 0.02% −0.05
SOVF Sovereign's Capital Flourish Reduce -35.5% 0.09% −0.03
ORCL Oracle Corp. Reduce -2.6% 0.07% −0.02
AAPL Apple Inc. Reduce -56.1% 0.01% −0.01
FDN First Trust DJ Internet Ind Sold out 0.00% −0.01
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.01
META Meta Platforms Inc. Class A Reduce -43.3% 0.01% −0.01
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.00
NFLX Netflix Inc. Sold out 0.00% −0.00
TSLA Tesla Inc. Reduce -61.3% 0.00% −0.00
WMT Walmart Inc. Sold out 0.00% −0.00
LLY Eli Lilly & Co. Sold out 0.00% −0.00
V Visa Inc. Class A Sold out 0.00% −0.00
BAC Bank of America Corp. Sold out 0.00% −0.00
CCK Crown Holdings Inc. Sold out 0.00% −0.00
BABA Alibaba Group Holding-SP ADR Reduce -10.4% 0.02% −0.00
JPM JPMorgan Chase & Co. Reduce -44.2% 0.00% −0.00
JD Jd.com Inc.-ADR Reduce -34.5% 0.00% −0.00
IAU iShares Gold Trust Reduce -31.7% 0.02% −0.00
GS Goldman Sachs Group Inc. Reduce -15.3% 0.01% +0.00
INTU Intuit Inc. Reduce -6.6% 0.01% +0.00
TTWO Take-Two Interactive Softwre Reduce -3.1% 0.01% +0.00
SNOW Snowflake Inc. Reduce -1.0% 0.02% +0.00
MELI MercadoLibre Inc. Reduce -0.1% 0.20% +0.01
VT Vanguard Tot World STK ETF Reduce -3.9% 0.10% +0.02
NU Nu Holdings Ltd./Cayman Isl-A Reduce -5.4% 0.13% +0.02
GLD SPDR Gold Shares Reduce -12.4% 0.22% +0.03
MSFT Microsoft Corp. Reduce -1.1% 1.09% +0.12
AMZN Amazon.com Inc. Reduce -1.0% 0.88% +0.18
AMD Advanced Micro Devices Reduce -0.1% 0.94% +0.35
AVGO Broadcom Inc. Reduce -0.3% 2.23% +0.48
ACWI iShares MSCI Acwi ETF Reduce -2.7% 2.81% +0.49
CHYM Chime Financial Inc. Class A Reduce -19.9% 4.58% +0.81

Portfolio Buys Q3 2025 → Q4 2025
SHOP Shopify Inc. Class A Add +47.3% 5.97% +2.89
NVDA Nvidia Corp. Add +114.2% 3.09% +1.90
GOOGL Alphabet Inc. Class A Add +25.7% 3.71% +1.82
NOW ServiceNow Inc. New 1.39% +1.39
IVV iShares Core S&P 500 ETF Add +147.1% 0.28% +0.19
IEFA iShares Core MSCI Eafe ETF Add +81.4% 0.15% +0.09
INVESCO QQQ TR New 0.07% +0.07
ACWX iShares MSCI Acwi Ex US ETF Add +1.6% 0.15% +0.03
VOO Vanguard S&P 500 ETF Add +0.3% 0.15% +0.03
VEA Vanguard Ftse Developed ETF Add +0.0% 0.10% +0.02
IWB iShares Russell 1000 ETF Add +0.2% 0.07% +0.01
GOOG Alphabet Inc. Class C Add +6.8% 0.02% +0.01
FDNI First Trust Dow Jones Intl New 0.01% +0.01
VTI VG Morningstar TS MKT ETF-US Add +0.2% 0.04% +0.01
IEMG iShares Core MSCI Emerging Add +94.6% 0.01% +0.01
VUG Vanguard Mrngstar GR ETF-Sui Add +0.0% 0.03% +0.01
DVY iShares Select Dividend ETF Add +0.2% 0.01% +0.00
OEF iShares S&P 100 ETF Add +0.3% 0.01% +0.00
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +1.1% 0.01% +0.00
VNQ Vanguard Real Estate ETF Add +0.9% 0.01% +0.00
IJR iShares Core S&P Small-Cap E Add +0.5% 0.00% +0.00
XLE SS Energy Select Sector Add +0.8% 0.00% +0.00

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