Kodai Capital Management LP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Kodai Capital Management LP reported 121 stock positions worth $5.3 billion. Its top holding was Twilio Class A (TWLO) at 4.9% of the portfolio, followed by HubSpot (HUBS, 4.9%) and Global Payments (GPN, 4.3%). Compared with Q1 2024, it opened 58 new positions, sold out of 39, added to 43 and reduced 20. The biggest buy was HubSpot (HUBS, shares +386%) and the biggest sale an exit from Salesforce (CRM).

Most Recent 13F
Q1 2025
Location
CHICAGO, IL
CIK
0001999612
Portfolio Value
$5.3B (Q2 2024)
SEC Filing
0001172661-24-003523 ↗ filed Aug 14, 2024

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $4.3B Q1 2024 Q2 2024: $5.3B $5.3B Q2 2024 Q3 2024: $4.8B Q3 2024 Q4 2024: $2.4B Q4 2024 Q1 2025: $2.5B Q1 2025

Holdings 121 stocks · $5.3B
TWLO Twilio Inc. Class A 4.92% 4,546,105 $258.3M Add +145.8%
HUBS HubSpot Inc. 4.87% 433,859 $255.9M Add +385.7%
GPN Global Payments Inc. 4.29% 2,329,028 $225.2M Add +168.1%
T AT&T Inc. 4.08% 11,224,962 $214.5M Add +3.5%
PH Parker Hannifin Corp. 3.63% 377,487 $190.9M Add +29.7%
PNR Pentair PLC 3.44% 2,359,508 $180.9M Add +12.1%
ST Sensata Technologies Holdplc 2.97% 4,175,061 $156.1M Add +63.6%
ADBE Adobe Inc. 2.83% 268,045 $148.9M Reduce -41.3%
AMZN Amazon.com Inc. 2.78% 754,659 $145.8M Add +66.0%
LII Lennox International Inc. 2.51% 246,108 $131.7M Add +21.2%
XYL Xylem Inc. 2.34% 907,854 $123.1M Reduce -16.0%
ETN Eaton Corp. PLC 2.12% 354,820 $111.3M Add +99.4%
MDB Mongodb Inc. 1.98% 415,276 $103.8M Add +418.5%
MRVL Marvell Technology Inc. 1.93% 1,454,064 $101.6M Add +341.6%
MSFT Microsoft Corp. 1.90% 223,847 $100.0M Add +82.6%
AAPL Apple Inc. 1.87% 465,603 $98.1M New
GDDY GoDaddy Inc. Class A 1.86% 697,822 $97.5M Add +9.2%
SMTC Semtech Corp. 1.76% 3,087,762 $92.3M Add +51.4%
XYZ Block Inc. 1.75% 1,428,959 $92.2M New
SNOW Snowflake Inc. 1.67% 650,640 $87.9M Add +53.5%
MBLY Mobileye Global Inc. Class A 1.63% 3,053,651 $85.8M Add +10.4%
TT Trane Technologies PLC 1.59% 254,178 $83.6M Add +51.8%
SNAP Snap Inc. Class A 1.49% 4,702,899 $78.1M Add +272.7%
WDC Western Digital Corp. 1.48% 1,029,048 $78.0M Reduce -44.3%
LMT Lockheed Martin Corp. 1.48% 166,774 $77.9M Add +414.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.44% 759,878 $75.4M Add +38.4%
ABNB Airbnb Inc. Class A 1.33% 460,894 $69.9M New
MMM 3M Co. 1.31% 673,851 $68.9M Add +96.1%
DLR Digital Realty Trust Inc. 1.19% 411,333 $62.5M Reduce -18.2%
UBER Uber Technologies Inc. 1.10% 792,488 $57.6M New
AMBA Ambarella Inc. 1.05% 1,027,414 $55.4M Add +1.7%
FOUR SHIFT4 Payments Inc. Class A 1.02% 734,109 $53.8M New
META Meta Platforms Inc. Class A 1.02% 106,742 $53.8M New
SPOT Spotify Technology SA 0.95% 158,292 $49.7M New
NDAQ Nasdaq Inc. 0.93% 809,398 $48.8M New
TKO Tko Group Holdings Inc. 0.91% 440,330 $47.6M Add +112.8%
AMT American Tower Corp. 0.90% 242,907 $47.2M New
SIMO Silicon Motion Technol-ADR 0.90% 581,728 $47.1M Add +6.0%
FOXA Fox Corp. Class A 0.89% 1,354,123 $46.5M Add +1108.0%
OMC Omnicom Group 0.87% 512,492 $46.0M Add +14.8%
GLBE Global-E Online Ltd. 0.78% 1,136,306 $41.2M Reduce -13.1%
WDAY Workday Inc. Class A 0.78% 184,351 $41.2M Reduce -26.3%
CDNS Cadence Design SYS Inc. 0.78% 132,570 $40.8M Reduce -31.5%
NVDA Nvidia Corp. 0.77% 328,101 $40.5M Add +310.5%
FTV Fortive Corp. 0.76% 537,416 $39.8M Reduce -30.6%
CCL Carnival Corp. 0.70% 1,952,473 $36.6M New
CNK Cinemark Holdings Inc. 0.69% 1,674,197 $36.2M Add +348.4%
LYV Live Nation Entertainment Inc. 0.66% 368,561 $34.5M Reduce -20.9%
CBOE Cboe Global Markets Inc. 0.59% 183,332 $31.2M New
SAP Sap SE-Sponsored ADR 0.56% 146,218 $29.5M Add +124.5%
WIX Wix.com Ltd. 0.56% 185,250 $29.5M New
DDOG Datadog Inc. Class A 0.56% 225,444 $29.2M Reduce -76.0%
ACN Accenture PLC Class A 0.54% 93,091 $28.2M New
MKTX Marketaxess Holdings Inc. 0.53% 138,280 $27.7M New
AVDX Avidxchange Holdings Inc. 0.51% 2,200,392 $26.5M Add +39.1%
POWI Power Integrations Inc. 0.49% 367,289 $25.8M Add +1.9%
ICE Intercontinental Exchange Inc. 0.45% 173,515 $23.8M New
RELY Remitly Global Inc. 0.38% 1,668,500 $20.2M New
EMR Emerson Electric Co. 0.38% 183,430 $20.2M Reduce -35.5%
HLT Hilton Worldwide Holdings Inc. 0.38% 92,304 $20.1M Add +0.6%
SBAC SBA Communications Corp. 0.38% 102,148 $20.1M Reduce -64.3%
SNPS Synopsys Inc. 0.37% 32,765 $19.5M New
RDDT Reddit Inc. Class A 0.36% 299,140 $19.1M New
AFRM Affirm Holdings Inc. 0.36% 623,132 $18.8M New
NVTS Navitas Semiconductor Corp. 0.35% 4,683,257 $18.4M Add +3.7%
RBLX Roblox Corp. Class A 0.34% 486,063 $18.1M New
GLOB Globant SA 0.34% 100,146 $17.9M New
ASML ASML Holding NV-NY Reg SHS 0.34% 17,255 $17.6M Reduce -45.8%
MKSI MKS Inc. filed as MKS INSTRS INC 0.34% 134,858 $17.6M New
ZS Zscaler Inc. 0.29% 79,149 $15.2M New
OKTA Okta Inc. 0.28% 158,952 $14.9M Add +94.6%
CYBR Cyberark Software Ltd./Israel 0.28% 53,225 $14.6M Add +20.8%
TTWO Take-Two Interactive Softwre 0.26% 88,282 $13.7M New
JBL Jabil Inc. 0.25% 122,941 $13.4M New
NVT Nvent Electric PLC 0.25% 173,796 $13.3M Add +8.3%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.25% 1,016,335 $13.1M New
JCI Johnson Controls Internation 0.25% 195,521 $13.0M Add +35.3%
ON On Semiconductor 0.23% 174,244 $11.9M New
CFLT Confluent Inc. Class A 0.21% 382,424 $11.3M New
SSNC Ss&c Technologies Holdings 0.21% 177,881 $11.1M New
SIX Six Flags Entertainment Corp. 0.20% 316,925 $10.5M Reduce -14.0%
WSO Watsco Inc. 0.18% 20,511 $9.5M New
HWM Howmet Aerospace Inc. 0.18% 119,286 $9.3M New
CHWY Chewy Inc. Class A 0.16% 300,577 $8.2M Add +300.0%
ALK Alaska Air Group Inc. 0.16% 201,764 $8.2M New
GE General Electric filed as GE AEROSPACE 0.15% 50,505 $8.0M New
ROKU Roku Inc. 0.15% 130,515 $7.8M Add +60.9%
LUV Southwest Airlines Co. 0.15% 269,857 $7.7M New
SOFI Sofi Technologies Inc. 0.13% 1,051,239 $6.9M New
CPAY Corpay Inc. 0.13% 25,707 $6.8M New
PAGS Pagseguro Digital Ltd. Class A 0.13% 572,135 $6.7M New
BTSG Brightspring Health Services 0.11% 530,602 $6.0M Add +97.3%
UPST Upstart Holdings Inc. 0.11% 255,039 $6.0M New
VIK Viking Holdings Ltd. 0.11% 170,549 $5.8M New
LYFT LYFT Inc. Class A 0.10% 385,706 $5.4M Reduce -71.6%
GTES Gates Industrial Corp. UK Ltd. 0.10% 320,899 $5.1M New
CART Maplebear Inc. 0.08% 134,717 $4.3M Reduce -41.9%
ULS Ul Solutions Inc. Class A 0.08% 93,855 $4.0M New
AZZ Azz Inc. 0.07% 49,498 $3.8M New
KVUE Kenvue Inc. 0.07% 195,977 $3.6M New
RBRK Rubrik Inc. Class A 0.06% 104,227 $3.2M New
ODD Oddity Tech Ltd. Class A 0.06% 80,743 $3.2M Add +16.6%
LLYVK Liberty Media Corp.-Liberty-C 0.06% 78,478 $3.0M New
TKR Timken Co. 0.06% 36,829 $3.0M Reduce -64.7%
PACS Pacs Group Inc. 0.05% 96,643 $2.9M New
IMAX Imax Corp. 0.05% 166,371 $2.8M Add +15.7%
WU Western Union Co. 0.05% 200,681 $2.5M New
PAL Proficient Auto Logistics Inc. 0.05% 147,567 $2.4M New
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.04% 95,273 $1.9M New
GAUZ Gauzy Ltd. 0.03% 149,009 $1.8M New
NOW ServiceNow Inc. 0.03% 1,971 $1.6M Reduce -92.9%
GOOGL Alphabet Inc. Class A 0.03% 8,151 $1.5M Reduce -99.0%
JILL J. Jill Inc. 0.03% 40,000 $1.4M New
SVCO Silvaco Group Inc. 0.03% 76,976 $1.4M New
TEM Tempus AI Inc. Class A 0.02% 34,100 $1.2M New
ABX Abacus Global Management Inc. 0.02% 125,000 $1.1M New
IBTA Ibotta Inc. Class A 0.01% 7,581 $570K New
WBTN Webtoon Entertainment Inc. 0.01% 20,000 $457K New
BMBL Bumble Inc. Class A 0.00% 7,184 $76K New
BROS Dutch Bros Inc. Class A 0.00% 146 $6K Reduce -99.7%
TFC Truist Financial Corp. 0.00% 146 $6K New

Portfolio Sells Q1 2024 → Q2 2024
CRM Salesforce Inc. Sold out 0.00% −3.11
GOOGL Alphabet Inc. Class A Reduce -99.0% 0.03% −2.73
ADBE Adobe Inc. Reduce -41.3% 2.83% −2.55
CMCSA Comcast Corp. Class A Sold out 0.00% −2.39
DDOG Datadog Inc. Class A Reduce -76.0% 0.56% −2.16
PARAA Paramount Global Class B Sold out 0.00% −1.72
WDC Western Digital Corp. Reduce -44.3% 1.48% −1.46
NFLX Netflix Inc. Sold out 0.00% −1.40
BILL Bill Holdings Inc. Sold out 0.00% −1.39
MA Mastercard Inc. Class A Sold out 0.00% −1.23
SBAC SBA Communications Corp. Reduce -64.3% 0.38% −1.07
DKNG Draftkings Inc. Class A Sold out 0.00% −0.96
EEFT Euronet Worldwide Inc. Sold out 0.00% −0.95
XYL Xylem Inc. Reduce -16.0% 2.34% −0.92
SQSP Squarespace Inc. Class A Sold out 0.00% −0.86
WEX Wex Inc. Sold out 0.00% −0.81
WDAY Workday Inc. Class A Reduce -26.3% 0.78% −0.81
FTV Fortive Corp. Reduce -30.6% 0.76% −0.80
EDR Endeavor Group Hold Class A Sold out 0.00% −0.68
CDNS Cadence Design SYS Inc. Reduce -31.5% 0.78% −0.63
SHOP Shopify Inc. Class A Sold out 0.00% −0.56
LYFT LYFT Inc. Class A Reduce -71.6% 0.10% −0.51
DLR Digital Realty Trust Inc. Reduce -18.2% 1.19% −0.50
LYV Live Nation Entertainment Inc. Reduce -20.9% 0.66% −0.49
NOW ServiceNow Inc. Reduce -92.9% 0.03% −0.46
PANW Palo Alto Networks Inc. Sold out 0.00% −0.45
ROK Rockwell Automation Inc. Sold out 0.00% −0.43
FDX FedEx Corp. Sold out 0.00% −0.42
DASH DoorDash Inc. Class A Sold out 0.00% −0.42
BA The Boeing Co. Sold out 0.00% −0.42
XLE SS Energy Select Sector Sold out 0.00% −0.41
ASML ASML Holding NV-NY Reg SHS Reduce -45.8% 0.34% −0.39
EMR Emerson Electric Co. Reduce -35.5% 0.38% −0.37
LHX L3HARRIS Technologies Inc. Sold out 0.00% −0.35
GLBE Global-E Online Ltd. Reduce -13.1% 0.78% −0.33
TDG Transdigm Group Inc. Sold out 0.00% −0.30
EXPE Expedia Group Inc. Sold out 0.00% −0.28
PAYC Paycom Software Inc. Sold out 0.00% −0.28
TOST Toast Inc. Class A Sold out 0.00% −0.28
XPO Xpo Inc. Sold out 0.00% −0.23
URI United Rentals Inc. Sold out 0.00% −0.21
ALGM Allegro Microsystems Inc. Sold out 0.00% −0.21
KNX Knight-Swift Transportation Sold out 0.00% −0.20
LDOS Leidos Holdings Inc. Sold out 0.00% −0.19
ALV Autoliv Inc. Sold out 0.00% −0.17
TKR Timken Co. Reduce -64.7% 0.06% −0.16
AVT Avnet Inc. Sold out 0.00% −0.15
CART Maplebear Inc. Reduce -41.9% 0.08% −0.12
DAY Dayforce Inc. Sold out 0.00% −0.06
TBBB BBB Foods Inc. Class A Sold out 0.00% −0.05

Portfolio Buys Q1 2024 → Q2 2024
HUBS HubSpot Inc. Add +385.7% 4.87% +3.56
TWLO Twilio Inc. Class A Add +145.8% 4.92% +2.27
AAPL Apple Inc. New 1.87% +1.87
XYZ Block Inc. New 1.75% +1.75
GPN Global Payments Inc. Add +168.1% 4.29% +1.57
MRVL Marvell Technology Inc. Add +341.6% 1.93% +1.39
ABNB Airbnb Inc. Class A New 1.33% +1.33
MDB Mongodb Inc. Add +418.5% 1.98% +1.30
SNAP Snap Inc. Class A Add +272.7% 1.49% +1.15
LMT Lockheed Martin Corp. Add +414.2% 1.48% +1.14
UBER Uber Technologies Inc. New 1.10% +1.10
FOUR SHIFT4 Payments Inc. Class A New 1.02% +1.02
META Meta Platforms Inc. Class A New 1.02% +1.02
SPOT Spotify Technology SA New 0.95% +0.95
NDAQ Nasdaq Inc. New 0.93% +0.93
AMT American Tower Corp. New 0.90% +0.90
AMZN Amazon.com Inc. Add +66.0% 2.78% +0.86
ETN Eaton Corp. PLC Add +99.4% 2.12% +0.82
FOXA Fox Corp. Class A Add +1108.0% 0.89% +0.80
ST Sensata Technologies Holdplc Add +63.6% 2.97% +0.78
MSFT Microsoft Corp. Add +82.6% 1.90% +0.70
CCL Carnival Corp. New 0.70% +0.70
NVDA Nvidia Corp. Add +310.5% 0.77% +0.60
CBOE Cboe Global Markets Inc. New 0.59% +0.59
WIX Wix.com Ltd. New 0.56% +0.56
ACN Accenture PLC Class A New 0.54% +0.54
CNK Cinemark Holdings Inc. Add +348.4% 0.69% +0.53
MKTX Marketaxess Holdings Inc. New 0.53% +0.53
TKO Tko Group Holdings Inc. Add +112.8% 0.91% +0.49
MMM 3M Co. Add +96.1% 1.31% +0.46
ICE Intercontinental Exchange Inc. New 0.45% +0.45
SMTC Semtech Corp. Add +51.4% 1.76% +0.45
TT Trane Technologies PLC Add +51.8% 1.59% +0.42
RELY Remitly Global Inc. New 0.38% +0.38
SNPS Synopsys Inc. New 0.37% +0.37
RDDT Reddit Inc. Class A New 0.36% +0.36
AFRM Affirm Holdings Inc. New 0.36% +0.36
RBLX Roblox Corp. Class A New 0.34% +0.34
GLOB Globant SA New 0.34% +0.34
MKSI MKS Inc. New 0.34% +0.34
ZS Zscaler Inc. New 0.29% +0.29
SAP Sap SE-Sponsored ADR Add +124.5% 0.56% +0.26
TTWO Take-Two Interactive Softwre New 0.26% +0.26
JBL Jabil Inc. New 0.25% +0.25
NU Nu Holdings Ltd./Cayman Isl-A New 0.25% +0.25
ON On Semiconductor New 0.23% +0.23
CFLT Confluent Inc. Class A New 0.21% +0.21
SSNC Ss&c Technologies Holdings New 0.21% +0.21
LII Lennox International Inc. Add +21.2% 2.51% +0.19
WSO Watsco Inc. New 0.18% +0.18

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2025 145$2.5BT, GWW, EQIX, MKSI, NFLX
Q4 2024 106$2.4BT, EQIX, INTU, WDC, NVDA
Q3 2024 162$4.8BT, MRVL, MSFT, WDC, ST
Q2 2024 121$5.3BTWLO, HUBS, GPN, T, PH
Q1 2024 102$4.3BADBE, T, PNR, PH, XYL