Kodai Capital Management LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Kodai Capital Management LP reported 106 stock positions worth $2.4 billion. Its top holding was AT&T (T) at 4.3% of the portfolio, followed by Equinix (EQIX, 4.2%) and Intuit (INTU, 3.5%). Compared with Q3 2024, it opened 40 new positions, sold out of 96, added to 17 and reduced 49. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale an exit from Marvell Technology (MRVL).

Most Recent 13F
Q1 2025
Location
CHICAGO, IL
CIK
0001999612
Portfolio Value
$2.4B (Q4 2024)
SEC Filing
0001999612-25-000003 ↗ filed Feb 14, 2025

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 Q3 2024 Q4 2024: $2.4B $2.4B Q4 2024 Q1 2025: $2.5B Q1 2025

Holdings 106 stocks · $2.4B
T AT&T Inc. 4.31% 4,618,501 $105.2M Reduce -46.8%
EQIX Equinix Inc. 4.17% 107,926 $101.8M Add +18.1%
INTU Intuit Inc. 3.50% 135,937 $85.4M Add +11.9%
WDC Western Digital Corp. 3.10% 1,269,072 $75.7M Reduce -31.0%
NVDA Nvidia Corp. 3.08% 560,125 $75.2M New
XYZ Block Inc. 3.02% 868,031 $73.8M Reduce -28.3%
CME Cme Group Inc. 2.62% 274,820 $63.8M New
ADBE Adobe Inc. 2.41% 132,247 $58.8M Reduce -41.9%
MPWR Monolithic Power Systems Inc. 2.36% 97,348 $57.6M New
AMBA Ambarella Inc. 2.32% 778,553 $56.6M Reduce -7.1%
SNOW Snowflake Inc. 2.24% 353,709 $54.6M Add +65.1%
CHTR Charter Communications Inc. Class A 2.15% 153,097 $52.5M Add +61.0%
ST Sensata Technologies Holdplc 2.10% 1,871,633 $51.3M Reduce -45.7%
SMTC Semtech Corp. 2.02% 795,830 $49.2M Reduce -27.6%
V Visa Inc. Class A 1.96% 151,671 $47.9M New
OKTA Okta Inc. 1.95% 602,492 $47.5M Add +135.0%
KEY Keycorp 1.76% 2,498,250 $42.8M Reduce -18.8%
FHN First Horizon Corp. 1.71% 2,069,882 $41.7M Add +25.5%
FLUT Flutter Entertainment PLC-Di 1.67% 157,331 $40.7M Reduce -61.7%
ZS Zscaler Inc. 1.65% 223,233 $40.3M Add +94.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.57% 869,187 $38.2M Add +15.3%
GWRE Guidewire Software Inc. 1.56% 225,999 $38.1M Add +2.2%
TEAM Atlassian Corp. Class A 1.56% 155,982 $38.0M Reduce -50.9%
MA Mastercard Inc. Class A 1.54% 71,443 $37.6M New
MDB Mongodb Inc. 1.44% 151,212 $35.2M New
VRSN Verisign Inc. 1.43% 168,230 $34.8M New
GLOB Globant SA 1.42% 161,545 $34.6M Add +54.4%
TFC Truist Financial Corp. 1.41% 791,729 $34.3M New
WH Wyndham Hotels & Resorts Inc. 1.34% 324,784 $32.7M Reduce -19.2%
MCD McDonald's Corp. 1.29% 108,249 $31.4M New
MKSI MKS Inc. filed as MKS INSTRS INC 1.27% 297,156 $31.0M Add +127.9%
MKTX Marketaxess Holdings Inc. 1.27% 137,091 $31.0M Reduce -5.2%
AFRM Affirm Holdings Inc. 1.20% 479,898 $29.2M Reduce -51.7%
TWLO Twilio Inc. Class A 1.18% 266,541 $28.8M Reduce -85.6%
HUBS HubSpot Inc. 1.13% 39,535 $27.5M Reduce -82.0%
SIMO Silicon Motion Technol-ADR 1.07% 481,629 $26.0M Reduce -27.7%
JPM JPMorgan Chase & Co. 1.07% 108,413 $26.0M New
ONB Old National Bancorp 1.02% 1,143,230 $24.8M New
TGNA Tegna Inc. 0.95% 1,263,153 $23.1M Reduce -17.9%
TYL Tyler Technologies Inc. 0.88% 37,231 $21.5M Reduce -6.6%
AMZN Amazon.com Inc. 0.86% 96,160 $21.1M New
WBD Warner Bros Discovery Inc. 0.82% 1,899,393 $20.1M Add +516.1%
META Meta Platforms Inc. Class A 0.82% 34,020 $19.9M Reduce -38.3%
AUB Atlantic Union Bankshares Co. 0.80% 515,952 $19.5M New
LVS Las Vegas Sands Corp. 0.77% 367,475 $18.9M Reduce -26.6%
DPZ Domino's Pizza Inc. 0.77% 44,500 $18.7M Reduce -22.8%
HBAN Huntington Bancshares Inc. 0.74% 1,112,833 $18.1M Reduce -56.1%
POWI Power Integrations Inc. 0.71% 279,929 $17.3M Reduce -25.7%
EPAM Epam Systems Inc. 0.68% 71,322 $16.7M New
SBAC SBA Communications Corp. 0.64% 76,223 $15.5M Reduce -25.3%
FULT Fulton Financial Corp. 0.62% 782,398 $15.1M New
NET Cloudflare Inc. Class A 0.60% 136,073 $14.7M Reduce -18.3%
PENN Penn Entertainment Inc. 0.56% 694,916 $13.8M New
NCLH Norwegian Cruise Line Holdin 0.55% 518,949 $13.4M New
EWBC East West Bancorp Inc. 0.54% 136,904 $13.1M Reduce -29.8%
VLY Valley National Bancorp 0.53% 1,439,004 $13.0M New
EFX Equifax Inc. 0.53% 51,108 $13.0M New
PB Prosperity Bancshares Inc. 0.52% 166,881 $12.6M Reduce -53.9%
SPOT Spotify Technology SA 0.49% 26,717 $12.0M Reduce -82.7%
DAY Dayforce Inc. 0.48% 162,371 $11.8M Reduce -15.4%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.46% 39,301 $11.2M New
LYV Live Nation Entertainment Inc. 0.45% 84,017 $10.9M Reduce -64.9%
SAP Sap SE-Sponsored ADR 0.44% 43,487 $10.7M Reduce -55.0%
FOX Fox Corp. Class B 0.44% 233,939 $10.7M Reduce -42.9%
PNC PNC Financial Services Group 0.42% 52,661 $10.2M Reduce -79.9%
NDAQ Nasdaq Inc. 0.40% 126,369 $9.8M Reduce -66.8%
CDNS Cadence Design SYS Inc. 0.39% 31,949 $9.6M Add +7.3%
CYBR Cyberark Software Ltd./Israel 0.39% 28,756 $9.6M New
MAT Mattel Inc. 0.39% 534,183 $9.5M New
LLYVK Liberty Media Corp.-Liberty-C 0.37% 134,004 $9.1M Reduce -13.7%
GLBE Global-E Online Ltd. 0.35% 154,680 $8.4M Reduce -90.0%
EEFT Euronet Worldwide Inc. 0.34% 80,365 $8.3M New
IBKR Interactive Brokers Gro Class A 0.32% 44,479 $7.9M Reduce -70.5%
TKO Tko Group Holdings Inc. 0.32% 54,355 $7.7M Reduce -60.3%
CMG Chipotle Mexican Grill Inc. 0.32% 127,668 $7.7M New
TTWO Take-Two Interactive Softwre 0.31% 41,453 $7.6M New
WYNN WYNN Resorts Ltd. 0.31% 87,075 $7.5M Reduce -81.5%
BFH Bread Financial Holdings Inc. 0.31% 122,210 $7.5M New
TCBI Texas Capital Bancshares Inc. 0.30% 92,073 $7.2M Add +31.4%
GBCI Glacier Bancorp Inc. 0.29% 139,442 $7.0M New
MQ Marqeta Inc. 0.27% 1,767,337 $6.7M New
TXRH Texas Roadhouse Inc. 0.27% 36,221 $6.5M New
RHP Ryman Hospitality Properties 0.27% 62,300 $6.5M Reduce -25.3%
COF Capital One Financial Corp. 0.27% 36,412 $6.5M New
SOFI Sofi Technologies Inc. 0.24% 386,064 $5.9M Reduce -71.0%
CWST Casella Waste Systems Inc. Class A 0.23% 54,102 $5.7M Reduce -57.1%
HLT Hilton Worldwide Holdings Inc. 0.23% 22,796 $5.6M Reduce -74.1%
CAVA Cava Group Inc. 0.22% 47,385 $5.3M New
OS Onestream Inc. 0.20% 170,874 $4.9M Add +269.5%
INGM Ingram Micro Holding Corp. 0.19% 235,363 $4.6M New
GTES Gates Industrial Corp. UK Ltd. 0.18% 209,036 $4.3M Reduce -40.3%
DKNG Draftkings Inc. Class A 0.17% 111,271 $4.1M Reduce -95.0%
SSNC Ss&c Technologies Holdings 0.16% 51,295 $3.9M Reduce -83.3%
CAR Avis Budget Group Inc. 0.15% 45,356 $3.7M New
ULS Ul Solutions Inc. Class A 0.14% 67,308 $3.4M Reduce -39.0%
CON Concentra Group Holdings Par 0.12% 151,270 $3.0M Add +8.1%
WFC Wells Fargo & Co. 0.12% 42,257 $3.0M New
FVR Frontview REIT Inc. 0.11% 143,328 $2.6M New
WDAY Workday Inc. Class A 0.10% 9,708 $2.5M New
KVYO Klaviyo Inc. Class A 0.10% 60,470 $2.5M New
CSGP Costar Group Inc. 0.08% 27,307 $2.0M New
ABX Abacus Global Management Inc. 0.06% 183,679 $1.4M Add +78.9%
SARO Standardaero Inc. 0.05% 48,360 $1.2M New
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.04% 32,152 $1.0M Reduce -42.0%
GAUZ Gauzy Ltd. 0.02% 40,000 $396K Reduce -73.2%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.00% 271 $48K New

Portfolio Sells Q3 2024 → Q4 2024
MRVL Marvell Technology Inc. Sold out 0.00% −3.03
MSFT Microsoft Corp. Sold out 0.00% −2.96
PNR Pentair PLC Sold out 0.00% −2.34
GDDY GoDaddy Inc. Class A Sold out 0.00% −2.31
PH Parker Hannifin Corp. Sold out 0.00% −2.29
LII Lennox International Inc. Sold out 0.00% −1.83
MMM 3M Co. Sold out 0.00% −1.71
DKNG Draftkings Inc. Class A Reduce -95.0% 0.17% −1.64
WIX Wix.com Ltd. Sold out 0.00% −1.53
TWLO Twilio Inc. Class A Reduce -85.6% 1.18% −1.32
HUBS HubSpot Inc. Reduce -82.0% 1.13% −1.29
ICE Intercontinental Exchange Inc. Sold out 0.00% −1.22
GPN Global Payments Inc. Sold out 0.00% −1.03
BKNG Booking Holdings Inc. Sold out 0.00% −1.03
ACN Accenture PLC Class A Sold out 0.00% −1.03
OMC Omnicom Group Sold out 0.00% −1.02
ETN Eaton Corp. PLC Sold out 0.00% −1.01
DFS Discover Financial Services Sold out 0.00% −0.95
GLBE Global-E Online Ltd. Reduce -90.0% 0.35% −0.89
FOXA Fox Corp. Class A Sold out 0.00% −0.85
DASH DoorDash Inc. Class A Sold out 0.00% −0.84
MS Morgan Stanley Sold out 0.00% −0.78
CMA Comerica Inc. Sold out 0.00% −0.71
EBAY eBay Inc. Sold out 0.00% −0.69
SPOT Spotify Technology SA Reduce -82.7% 0.49% −0.69
C Citigroup Inc. Sold out 0.00% −0.65
ROKU Roku Inc. Sold out 0.00% −0.65
TT Trane Technologies PLC Sold out 0.00% −0.64
WYNN WYNN Resorts Ltd. Reduce -81.5% 0.31% −0.63
ROK Rockwell Automation Inc. Sold out 0.00% −0.63
SSB Southstate Bank Corp. Sold out 0.00% −0.59
PNC PNC Financial Services Group Reduce -79.9% 0.42% −0.59
FNB FNB Corp. Sold out 0.00% −0.57
CZR Caesars Entertainment Inc. Sold out 0.00% −0.57
SNPS Synopsys Inc. Sold out 0.00% −0.55
USB US Bancorp Sold out 0.00% −0.54
XYL Xylem Inc. Sold out 0.00% −0.51
ADP Automatic Data Processing Sold out 0.00% −0.51
WBS Webster Financial Corp. Sold out 0.00% −0.47
ST Sensata Technologies Holdplc Reduce -45.7% 2.10% −0.47
WU Western Union Co. Sold out 0.00% −0.46
WEN The Wendy's Co. Sold out 0.00% −0.43
CRM Salesforce Inc. Sold out 0.00% −0.43
WING Wingstop Inc. Sold out 0.00% −0.42
AMD Advanced Micro Devices Sold out 0.00% −0.42
AMT American Tower Corp. Sold out 0.00% −0.42
RBLX Roblox Corp. Class A Sold out 0.00% −0.42
THO Thor Industries Inc. Sold out 0.00% −0.37
EA Electronic Arts Inc. Sold out 0.00% −0.36
CNK Cinemark Holdings Inc. Sold out 0.00% −0.36

Portfolio Buys Q3 2024 → Q4 2024
NVDA Nvidia Corp. New 3.08% +3.08
CME Cme Group Inc. New 2.62% +2.62
EQIX Equinix Inc. Add +18.1% 4.17% +2.49
MPWR Monolithic Power Systems Inc. New 2.36% +2.36
V Visa Inc. Class A New 1.96% +1.96
INTU Intuit Inc. Add +11.9% 3.50% +1.94
SNOW Snowflake Inc. Add +65.1% 2.24% +1.73
OKTA Okta Inc. Add +135.0% 1.95% +1.55
MA Mastercard Inc. Class A New 1.54% +1.54
CHTR Charter Communications Inc. Class A Add +61.0% 2.15% +1.51
MDB Mongodb Inc. New 1.44% +1.44
VRSN Verisign Inc. New 1.43% +1.43
TFC Truist Financial Corp. New 1.41% +1.41
MCD McDonald's Corp. New 1.29% +1.29
ZS Zscaler Inc. Add +94.6% 1.65% +1.24
FHN First Horizon Corp. Add +25.5% 1.71% +1.18
JPM JPMorgan Chase & Co. New 1.07% +1.07
ONB Old National Bancorp New 1.02% +1.02
GLOB Globant SA Add +54.4% 1.42% +0.99
MKSI MKS Inc. Add +127.9% 1.27% +0.98
BAC Bank of America Corp. Add +15.3% 1.57% +0.94
AMZN Amazon.com Inc. New 0.86% +0.86
AUB Atlantic Union Bankshares Co. New 0.80% +0.80
WBD Warner Bros Discovery Inc. Add +516.1% 0.82% +0.77
GWRE Guidewire Software Inc. Add +2.2% 1.56% +0.72
EPAM Epam Systems Inc. New 0.68% +0.68
FULT Fulton Financial Corp. New 0.62% +0.62
PENN Penn Entertainment Inc. New 0.56% +0.56
NCLH Norwegian Cruise Line Holdin New 0.55% +0.55
VLY Valley National Bancorp New 0.53% +0.53
EFX Equifax Inc. New 0.53% +0.53
AJG Arthur J Gallagher & Co. New 0.46% +0.46
CYBR Cyberark Software Ltd./Israel New 0.39% +0.39
MAT Mattel Inc. New 0.39% +0.39
EEFT Euronet Worldwide Inc. New 0.34% +0.34
CMG Chipotle Mexican Grill Inc. New 0.32% +0.32
TTWO Take-Two Interactive Softwre New 0.31% +0.31
BFH Bread Financial Holdings Inc. New 0.31% +0.31
GBCI Glacier Bancorp Inc. New 0.29% +0.29
MQ Marqeta Inc. New 0.27% +0.27
TXRH Texas Roadhouse Inc. New 0.27% +0.27
COF Capital One Financial Corp. New 0.27% +0.27
CDNS Cadence Design SYS Inc. Add +7.3% 0.39% +0.23
CAVA Cava Group Inc. New 0.22% +0.22
TCBI Texas Capital Bancshares Inc. Add +31.4% 0.30% +0.19
INGM Ingram Micro Holding Corp. New 0.19% +0.19
OS Onestream Inc. Add +269.5% 0.20% +0.17
CAR Avis Budget Group Inc. New 0.15% +0.15
WFC Wells Fargo & Co. New 0.12% +0.12
FVR Frontview REIT Inc. New 0.11% +0.11

Options Activity Q3 2024 → Q4 2024
GPN Global Payments Inc. call Sold out 147,100 $15.1Mbefore exit

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