Kodai Capital Management LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Kodai Capital Management LP reported 162 stock positions worth $4.8 billion. Its top holding was AT&T (T) at 4.0% of the portfolio, followed by Marvell Technology (MRVL, 3.0%) and Microsoft (MSFT, 3.0%). Compared with Q2 2024, it opened 81 new positions, sold out of 40, added to 28 and reduced 52. The biggest buy was a new position in Flutter Entertainment PLC-Di (FLUT) and the biggest sale Global Payments (GPN, shares −79%).

Most Recent 13F
Q1 2025
Location
CHICAGO, IL
CIK
0001999612
Portfolio Value
$4.8B (Q3 2024)
SEC Filing
0001172661-24-005143 ↗ filed Nov 14, 2024

Holdings Value

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

Holdings 162 stocks · $4.8B
T AT&T Inc. 3.96% 8,674,415 $190.8M Reduce -22.7%
MRVL Marvell Technology Inc. 3.03% 2,024,867 $146.0M Add +39.3%
MSFT Microsoft Corp. 2.96% 331,487 $142.6M Add +48.1%
WDC Western Digital Corp. 2.61% 1,838,208 $125.5M Add +78.6%
ST Sensata Technologies Holdplc 2.57% 3,446,010 $123.6M Reduce -17.5%
TWLO Twilio Inc. Class A 2.50% 1,848,789 $120.6M Reduce -59.3%
ADBE Adobe Inc. 2.45% 227,515 $117.8M Reduce -15.1%
HUBS HubSpot Inc. 2.42% 219,470 $116.7M Reduce -49.4%
PNR Pentair PLC 2.34% 1,152,995 $112.8M Reduce -51.1%
GDDY GoDaddy Inc. Class A 2.31% 708,950 $111.1M Add +1.6%
PH Parker Hannifin Corp. 2.29% 174,832 $110.5M Reduce -53.7%
FLUT Flutter Entertainment PLC-Di 2.02% 410,560 $97.4M New
LII Lennox International Inc. 1.83% 146,008 $88.2M Reduce -40.7%
DKNG Draftkings Inc. Class A 1.81% 2,227,588 $87.3M New
MMM 3M Co. 1.71% 601,056 $82.2M Reduce -10.8%
XYZ Block Inc. 1.69% 1,210,085 $81.2M Reduce -15.3%
EQIX Equinix Inc. 1.69% 91,415 $81.1M New
INTU Intuit Inc. 1.57% 121,460 $75.4M New
WIX Wix.com Ltd. 1.53% 440,283 $73.6M Add +137.7%
GLBE Global-E Online Ltd. 1.24% 1,546,686 $59.5M Add +36.1%
ICE Intercontinental Exchange Inc. 1.22% 367,000 $59.0M Add +111.5%
SPOT Spotify Technology SA 1.18% 154,049 $56.8M Reduce -2.7%
KEY Keycorp 1.07% 3,078,367 $51.6M New
TEAM Atlassian Corp. Class A 1.05% 317,407 $50.4M New
SMTC Semtech Corp. 1.04% 1,099,597 $50.2M Reduce -64.4%
GPN Global Payments Inc. 1.03% 485,834 $49.8M Reduce -79.1%
BKNG Booking Holdings Inc. 1.03% 11,779 $49.6M New
ACN Accenture PLC Class A 1.03% 140,095 $49.5M Add +50.5%
OMC Omnicom Group 1.02% 475,285 $49.1M Reduce -7.3%
ETN Eaton Corp. PLC 1.01% 146,758 $48.6M Reduce -58.6%
PNC PNC Financial Services Group 1.01% 261,853 $48.4M New
AMBA Ambarella Inc. 0.98% 837,821 $47.3M Reduce -18.4%
DFS Discover Financial Services 0.95% 325,895 $45.7M New
WYNN WYNN Resorts Ltd. 0.94% 471,801 $45.2M New
FOXA Fox Corp. Class A 0.85% 971,488 $41.1M Reduce -28.3%
DASH DoorDash Inc. Class A 0.84% 284,653 $40.6M New
AFRM Affirm Holdings Inc. 0.84% 994,285 $40.6M Add +59.6%
SIMO Silicon Motion Technol-ADR 0.84% 666,523 $40.5M Add +14.6%
GWRE Guidewire Software Inc. 0.84% 221,050 $40.4M New
MS Morgan Stanley 0.78% 360,042 $37.5M New
HBAN Huntington Bancshares Inc. 0.78% 2,538,093 $37.3M New
MKTX Marketaxess Holdings Inc. 0.77% 144,642 $37.1M Add +4.6%
CMA Comerica Inc. 0.71% 568,505 $34.1M New
EBAY eBay Inc. 0.69% 511,440 $33.3M New
META Meta Platforms Inc. Class A 0.66% 55,100 $31.5M Reduce -48.4%
C Citigroup Inc. 0.65% 502,758 $31.5M New
WH Wyndham Hotels & Resorts Inc. 0.65% 402,128 $31.4M New
ROKU Roku Inc. 0.65% 418,254 $31.2M Add +220.5%
TT Trane Technologies PLC 0.64% 79,314 $30.8M Reduce -68.8%
CHTR Charter Communications Inc. Class A 0.64% 95,091 $30.8M New
ROK Rockwell Automation Inc. 0.63% 112,568 $30.2M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.62% 753,849 $29.9M New
SSB Southstate Bank Corp. 0.59% 292,686 $28.4M New
NDAQ Nasdaq Inc. 0.58% 380,905 $27.8M Reduce -52.9%
FNB FNB Corp. 0.57% 1,955,715 $27.6M New
CZR Caesars Entertainment Inc. 0.57% 655,841 $27.4M New
SNPS Synopsys Inc. 0.55% 52,182 $26.4M Add +59.3%
LYV Live Nation Entertainment Inc. 0.54% 239,217 $26.2M Reduce -35.1%
PB Prosperity Bancshares Inc. 0.54% 361,920 $26.1M New
USB US Bancorp 0.54% 566,826 $25.9M New
FHN First Horizon Corp. 0.53% 1,648,781 $25.6M New
LVS Las Vegas Sands Corp. 0.52% 500,659 $25.2M New
DPZ Domino's Pizza Inc. 0.52% 57,651 $24.8M New
SNOW Snowflake Inc. 0.51% 214,251 $24.6M Reduce -67.1%
XYL Xylem Inc. 0.51% 182,215 $24.6M Reduce -79.9%
SBAC SBA Communications Corp. 0.51% 102,087 $24.6M Reduce -0.1%
ADP Automatic Data Processing 0.51% 88,592 $24.5M New
TGNA Tegna Inc. 0.50% 1,538,830 $24.3M New
POWI Power Integrations Inc. 0.50% 376,587 $24.1M Add +2.5%
TYL Tyler Technologies Inc. 0.48% 39,875 $23.3M New
WBS Webster Financial Corp. 0.47% 489,960 $22.8M New
SSNC Ss&c Technologies Holdings 0.47% 306,512 $22.7M Add +72.3%
WU Western Union Co. 0.46% 1,867,218 $22.3M Add +830.4%
SAP Sap SE-Sponsored ADR 0.46% 96,595 $22.1M Reduce -33.9%
IBKR Interactive Brokers Gro Class A 0.44% 150,708 $21.0M New
GLOB Globant SA 0.43% 104,649 $20.7M Add +4.5%
WEN The Wendy's Co. 0.43% 1,177,835 $20.6M New
CRM Salesforce Inc. 0.43% 75,176 $20.6M New
WING Wingstop Inc. 0.42% 48,873 $20.3M New
AMD Advanced Micro Devices 0.42% 123,637 $20.3M New
HLT Hilton Worldwide Holdings Inc. 0.42% 87,882 $20.3M Reduce -4.8%
AMT American Tower Corp. 0.42% 87,087 $20.3M Reduce -64.2%
RBLX Roblox Corp. Class A 0.42% 455,182 $20.1M Reduce -6.3%
ZS Zscaler Inc. 0.41% 114,718 $19.6M Add +44.9%
OKTA Okta Inc. 0.40% 256,341 $19.1M Add +61.3%
THO Thor Industries Inc. 0.37% 163,779 $18.0M New
EA Electronic Arts Inc. 0.36% 121,972 $17.5M New
CNK Cinemark Holdings Inc. 0.36% 622,450 $17.3M Reduce -62.8%
BKU Bankunited Inc. 0.35% 465,914 $17.0M New
TKO Tko Group Holdings Inc. 0.35% 136,899 $16.9M Reduce -68.9%
RNST Renasant Corp. 0.35% 517,009 $16.8M New
GOOGL Alphabet Inc. Class A 0.34% 98,944 $16.4M Add +1113.9%
MTCH Match Group Inc. 0.34% 431,458 $16.3M New
DLR Digital Realty Trust Inc. 0.34% 100,727 $16.3M Reduce -75.5%
EWBC East West Bancorp Inc. 0.34% 194,944 $16.1M New
FOX Fox Corp. Class B 0.33% 409,620 $15.9M New
UMBF Umb Financial Corp. 0.30% 137,873 $14.5M New
MKSI MKS Inc. filed as MKS INSTRS INC 0.29% 130,371 $14.2M Reduce -3.3%
NET Cloudflare Inc. Class A 0.28% 166,604 $13.5M New
NTRS Northern Trust Corp. 0.28% 147,525 $13.3M New
RELY Remitly Global Inc. 0.27% 982,248 $13.2M Reduce -41.1%
CBSH Commerce Bancshares Inc. 0.26% 212,074 $12.6M New
CWST Casella Waste Systems Inc. Class A 0.26% 126,000 $12.5M New
LMT Lockheed Martin Corp. 0.26% 21,361 $12.5M Reduce -87.2%
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 0.26% 198,217 $12.4M New
DAY Dayforce Inc. 0.24% 191,917 $11.8M New
SOFI Sofi Technologies Inc. 0.22% 1,330,749 $10.5M Add +26.6%
PINS Pinterest Inc. Class A 0.21% 309,404 $10.0M New
PII Polaris Inc. 0.21% 119,656 $10.0M New
NOC Northrop Grumman Corp. 0.20% 18,535 $9.8M New
MNDY Monday.com Ltd. 0.20% 34,225 $9.5M New
RHP Ryman Hospitality Properties 0.19% 83,340 $8.9M New
WAL Western Alliance Bancorp 0.18% 98,879 $8.6M New
CHWY Chewy Inc. Class A 0.17% 286,244 $8.4M Reduce -4.8%
CDNS Cadence Design SYS Inc. 0.17% 29,786 $8.1M Reduce -77.5%
LYFT LYFT Inc. Class A 0.17% 631,464 $8.1M Add +63.7%
LLYVK Liberty Media Corp.-Liberty-C 0.17% 155,301 $8.0M Add +97.9%
LNWO Light & Wonder Inc. 0.16% 85,881 $7.8M New
UPST Upstart Holdings Inc. 0.15% 182,126 $7.3M Reduce -28.6%
LINE Lineage Inc. 0.15% 92,656 $7.3M New
EXPE Expedia Group Inc. 0.15% 48,767 $7.2M New
UAL United Airlines Holdings Inc. 0.14% 116,185 $6.6M New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.14% 478,529 $6.5M Reduce -52.9%
GTES Gates Industrial Corp. UK Ltd. 0.13% 350,000 $6.1M Add +9.1%
CPAY Corpay Inc. 0.12% 19,067 $6.0M Reduce -25.8%
DAL Delta Air Lines Inc. 0.12% 114,877 $5.8M New
OMF Onemain Holdings Inc. 0.12% 122,813 $5.8M New
LUV Southwest Airlines Co. 0.12% 194,631 $5.8M Reduce -27.9%
RTX RTX Corp. 0.11% 45,315 $5.5M New
ULS Ul Solutions Inc. Class A 0.11% 110,300 $5.4M Add +17.5%
VIK Viking Holdings Ltd. 0.11% 150,000 $5.2M Reduce -12.1%
TCBI Texas Capital Bancshares Inc. 0.10% 70,086 $5.0M New
PACS Pacs Group Inc. 0.09% 111,000 $4.4M Add +14.9%
RXO Rxo Inc. 0.09% 155,000 $4.3M New
CBOE Cboe Global Markets Inc. 0.09% 20,155 $4.1M Reduce -89.0%
PZZA Papa John's Intl Inc. 0.08% 67,445 $3.6M New
CART Maplebear Inc. 0.07% 86,787 $3.5M Reduce -35.6%
ETSY Etsy Inc. 0.07% 60,756 $3.4M New
CON Concentra Group Holdings Par 0.07% 140,000 $3.1M New
WBD Warner Bros Discovery Inc. 0.05% 308,294 $2.5M New
ON On Semiconductor 0.05% 33,249 $2.4M Reduce -80.9%
MBLY Mobileye Global Inc. Class A 0.05% 174,282 $2.4M Reduce -94.3%
NXPI NXP Semiconductors NV 0.05% 9,940 $2.4M New
ODD Oddity Tech Ltd. Class A 0.04% 50,875 $2.1M Reduce -37.0%
OS Onestream Inc. 0.03% 46,250 $1.6M New
PAL Proficient Auto Logistics Inc. 0.03% 105,000 $1.5M Reduce -28.9%
CPF Central Pacific Financial Co. 0.03% 50,333 $1.5M New
GRDN Guardian Phrmcy Services-A 0.03% 85,000 $1.4M New
GAUZ Gauzy Ltd. 0.03% 149,009 $1.3M No change
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.03% 55,432 $1.3M Reduce -41.8%
ADSK Autodesk Inc. 0.03% 4,550 $1.3M New
STX Seagate Technology Holdings 0.02% 10,922 $1.2M New
GFS Globalfoundries Inc. 0.02% 27,132 $1.1M New
ALAB Astera Labs Inc. 0.02% 20,000 $1.0M New
ABX Abacus Global Management Inc. 0.02% 102,654 $1.0M Reduce -17.9%
JBL Jabil Inc. 0.02% 6,748 $809K Reduce -94.5%
BIOA Bioage Labs Inc. 0.01% 30,000 $624K New
HWM Howmet Aerospace Inc. 0.01% 5,721 $574K Reduce -95.2%
IBTA Ibotta Inc. Class A 0.01% 8,000 $493K Add +5.5%
BMBL Bumble Inc. Class A 0.01% 76,472 $488K Add +964.5%
CCC CCC Intelligent Solutions Ho 0.00% 18,720 $207K New
SVCO Silvaco Group Inc. 0.00% 6,545 $94K Reduce -91.5%

Options reported separately and not counted above: GPN calls ($15.1M).

Portfolio Sells Q2 2024 → Q3 2024
GPN Global Payments Inc. Reduce -79.1% 1.03% −3.25
AMZN Amazon.com Inc. Sold out 0.00% −2.78
HUBS HubSpot Inc. Reduce -49.4% 2.42% −2.45
TWLO Twilio Inc. Class A Reduce -59.3% 2.50% −2.41
MDB Mongodb Inc. Sold out 0.00% −1.98
AAPL Apple Inc. Sold out 0.00% −1.87
XYL Xylem Inc. Reduce -79.9% 0.51% −1.83
MBLY Mobileye Global Inc. Class A Reduce -94.3% 0.05% −1.58
SNAP Snap Inc. Class A Sold out 0.00% −1.49
DIS The Walt Disney Co. Sold out 0.00% −1.44
PH Parker Hannifin Corp. Reduce -53.7% 2.29% −1.34
ABNB Airbnb Inc. Class A Sold out 0.00% −1.33
LMT Lockheed Martin Corp. Reduce -87.2% 0.26% −1.22
SNOW Snowflake Inc. Reduce -67.1% 0.51% −1.16
ETN Eaton Corp. PLC Reduce -58.6% 1.01% −1.11
PNR Pentair PLC Reduce -51.1% 2.34% −1.10
UBER Uber Technologies Inc. Sold out 0.00% −1.10
FOUR SHIFT4 Payments Inc. Class A Sold out 0.00% −1.02
TT Trane Technologies PLC Reduce -68.8% 0.64% −0.95
DLR Digital Realty Trust Inc. Reduce -75.5% 0.34% −0.85
WDAY Workday Inc. Class A Sold out 0.00% −0.78
NVDA Nvidia Corp. Sold out 0.00% −0.77
FTV Fortive Corp. Sold out 0.00% −0.76
SMTC Semtech Corp. Reduce -64.4% 1.04% −0.71
CCL Carnival Corp. Sold out 0.00% −0.70
LII Lennox International Inc. Reduce -40.7% 1.83% −0.67
CDNS Cadence Design SYS Inc. Reduce -77.5% 0.17% −0.61
DDOG Datadog Inc. Class A Sold out 0.00% −0.56
TKO Tko Group Holdings Inc. Reduce -68.9% 0.35% −0.55
CBOE Cboe Global Markets Inc. Reduce -89.0% 0.09% −0.51
AVDX Avidxchange Holdings Inc. Sold out 0.00% −0.51
AMT American Tower Corp. Reduce -64.2% 0.42% −0.48
ST Sensata Technologies Holdplc Reduce -17.5% 2.57% −0.40
ADBE Adobe Inc. Reduce -15.1% 2.45% −0.39
EMR Emerson Electric Co. Sold out 0.00% −0.38
META Meta Platforms Inc. Class A Reduce -48.4% 0.66% −0.37
RDDT Reddit Inc. Class A Sold out 0.00% −0.36
NDAQ Nasdaq Inc. Reduce -52.9% 0.58% −0.35
NVTS Navitas Semiconductor Corp. Sold out 0.00% −0.35
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.34
CNK Cinemark Holdings Inc. Reduce -62.8% 0.36% −0.33
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −0.28
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.26
NVT Nvent Electric PLC Sold out 0.00% −0.25
JCI Johnson Controls Internation Sold out 0.00% −0.25
JBL Jabil Inc. Reduce -94.5% 0.02% −0.24
CFLT Confluent Inc. Class A Sold out 0.00% −0.21
SIX Six Flags Entertainment Corp. Sold out 0.00% −0.20
WSO Watsco Inc. Sold out 0.00% −0.18
ON On Semiconductor Reduce -80.9% 0.05% −0.18

Portfolio Buys Q2 2024 → Q3 2024
FLUT Flutter Entertainment PLC-Di New 2.02% +2.02
DKNG Draftkings Inc. Class A New 1.81% +1.81
EQIX Equinix Inc. New 1.69% +1.69
INTU Intuit Inc. New 1.57% +1.57
WDC Western Digital Corp. Add +78.6% 2.61% +1.12
MRVL Marvell Technology Inc. Add +39.3% 3.03% +1.10
KEY Keycorp New 1.07% +1.07
MSFT Microsoft Corp. Add +48.1% 2.96% +1.06
TEAM Atlassian Corp. Class A New 1.05% +1.05
BKNG Booking Holdings Inc. New 1.03% +1.03
PNC PNC Financial Services Group New 1.01% +1.01
WIX Wix.com Ltd. Add +137.7% 1.53% +0.97
DFS Discover Financial Services New 0.95% +0.95
WYNN WYNN Resorts Ltd. New 0.94% +0.94
DASH DoorDash Inc. Class A New 0.84% +0.84
GWRE Guidewire Software Inc. New 0.84% +0.84
MS Morgan Stanley New 0.78% +0.78
HBAN Huntington Bancshares Inc. New 0.78% +0.78
ICE Intercontinental Exchange Inc. Add +111.5% 1.22% +0.77
CMA Comerica Inc. New 0.71% +0.71
EBAY eBay Inc. New 0.69% +0.69
C Citigroup Inc. New 0.65% +0.65
WH Wyndham Hotels & Resorts Inc. New 0.65% +0.65
CHTR Charter Communications Inc. Class A New 0.64% +0.64
ROK Rockwell Automation Inc. New 0.63% +0.63
BAC Bank of America Corp. New 0.62% +0.62
SSB Southstate Bank Corp. New 0.59% +0.59
FNB FNB Corp. New 0.57% +0.57
CZR Caesars Entertainment Inc. New 0.57% +0.57
PB Prosperity Bancshares Inc. New 0.54% +0.54
USB US Bancorp New 0.54% +0.54
FHN First Horizon Corp. New 0.53% +0.53
LVS Las Vegas Sands Corp. New 0.52% +0.52
DPZ Domino's Pizza Inc. New 0.52% +0.52
ADP Automatic Data Processing New 0.51% +0.51
TGNA Tegna Inc. New 0.50% +0.50
ROKU Roku Inc. Add +220.5% 0.65% +0.50
ACN Accenture PLC Class A Add +50.5% 1.03% +0.49
AFRM Affirm Holdings Inc. Add +59.6% 0.84% +0.48
TYL Tyler Technologies Inc. New 0.48% +0.48
WBS Webster Financial Corp. New 0.47% +0.47
GDDY GoDaddy Inc. Class A Add +1.6% 2.31% +0.45
GLBE Global-E Online Ltd. Add +36.1% 1.24% +0.45
IBKR Interactive Brokers Gro Class A New 0.44% +0.44
WEN The Wendy's Co. New 0.43% +0.43
CRM Salesforce Inc. New 0.43% +0.43
WING Wingstop Inc. New 0.42% +0.42
AMD Advanced Micro Devices New 0.42% +0.42
WU Western Union Co. Add +830.4% 0.46% +0.42
THO Thor Industries Inc. New 0.37% +0.37

Options Activity Q2 2024 → Q3 2024
GPN Global Payments Inc. call New 147,100 $15.1M

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
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