Ivy Lane Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Ivy Lane Capital Management, LLC reported 10 stock positions worth $89.4 million. Its top holding was Alphabet Class C (GOOG) at 27.2% of the portfolio, followed by Microsoft (MSFT, 17.4%) and BlackRock Finance (BLK, 14.3%). Compared with Q2 2025, it opened 2 new positions, sold out of 6 and reduced 8. The biggest buy was a new position in Vertex Class A (VERX) and the biggest sale Microsoft (MSFT, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- WINTER PARK, FL
- CIK
- 0001839851
- Portfolio Value
- $89.4M (Q3 2025)
- SEC Filing
- 0001839851-25-000006 ↗ filed Nov 12, 2025
Holdings Value
Holdings 10 stocks · $89.4M
| GOOG Alphabet Inc. Class C | 27.24% | 100,000 | $24.4M | Reduce -48.5% |
| MSFT Microsoft Corp. | 17.38% | 30,000 | $15.5M | Reduce -65.1% |
| BLK BlackRock Finance Inc. | 14.34% | 11,000 | $12.8M | Reduce -44.7% |
| T AT&T Inc. | 11.84% | 375,000 | $10.6M | Reduce -44.4% |
| BILL Bill Holdings Inc. | 7.11% | 120,000 | $6.4M | Reduce -24.1% |
| UNP Union Pacific Corp. | 6.34% | 24,000 | $5.7M | Reduce -52.0% |
| DGX Quest Diagnostics Inc. | 6.18% | 29,000 | $5.5M | Reduce -42.0% |
| Z Zillow Group Inc. Class C | 4.48% | 52,000 | $4.0M | Reduce -61.8% |
| VERX Vertex Inc. Class A | 2.61% | 94,000 | $2.3M | New |
| PYPL PayPal Holdings Inc. | 2.48% | 33,000 | $2.2M | New |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -65.1% | 17.38% | −6.19 |
| MTCH Match Group Inc. | Sold out | 0.00% | −3.23 |
| GM General Motors Co. | Sold out | 0.00% | −2.98 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −2.67 |
| INTC Intel Corp. | Sold out | 0.00% | −2.59 |
| OSCR Oscar Health Inc. Class A | Sold out | 0.00% | −2.07 |
| DBX Dropbox Inc. Class A | Sold out | 0.00% | −1.10 |
| Z Zillow Group Inc. Class C | Reduce -61.8% | 4.48% | −0.77 |
| UNP Union Pacific Corp. | Reduce -52.0% | 6.34% | +0.01 |
| T AT&T Inc. | Reduce -44.4% | 11.84% | +1.08 |
| DGX Quest Diagnostics Inc. | Reduce -42.0% | 6.18% | +1.23 |
| BLK BlackRock Finance Inc. | Reduce -44.7% | 14.34% | +2.84 |
| BILL Bill Holdings Inc. | Reduce -24.1% | 7.11% | +3.08 |
| GOOG Alphabet Inc. Class C | Reduce -48.5% | 27.24% | +8.28 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 14 | $69.0M | GOOG, BLK, UNP, DGX, CSGP |
| Q1 2026 | 11 | $66.1M | GOOG, BLK, T, UNP, DGX |
| Q4 2025 | 10 | $79.1M | GOOG, BLK, MSFT, T, DGX |
| Q3 2025 | 10 | $89.4M | GOOG, MSFT, BLK, T, BILL |
| Q2 2025 | 14 | $181.5M | MSFT, GOOG, BLK, T, UNP |
| Q1 2025 | 14 | $165.9M | MSFT, GOOG, T, BLK, UNP |
| Q4 2024 | 12 | $185.3M | GOOG, MSFT, BLK, T, EBAY |
| Q3 2024 | 12 | $177.0M | MSFT, GOOG, BLK, EBAY, T |
| Q2 2024 | 12 | $172.1M | MSFT, GOOG, BLK, ESTC, T |
| Q1 2024 | 12 | $163.5M | MSFT, GOOG, BLK, ESTC, UNP |