Long Walk Management LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Long Walk Management LP reported 11 stock positions worth $308.7 million. Its top holding was Coupang (CPNG) at 17.2% of the portfolio, followed by Sea Ltd.-ADR (SE, 16.7%) and Appfolio Class A (APPF, 11.0%). Compared with Q4 2024, it opened 1 new position, sold out of 1, added to 6 and reduced 4. The biggest buy was a new position in Nu Holdings Ltd./Cayman Isl-A (NU) and the biggest sale Cloudflare Class A (NET, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001869470
- Portfolio Value
- $308.7M (Q1 2025)
- SEC Filing
- 0001869470-25-000004 ↗ filed May 14, 2025
Holdings Value
Holdings 11 stocks · $308.7M
| CPNG Coupang Inc. | 17.17% | 2,417,500 | $53.0M | Add +86.5% |
| SE Sea Ltd.-ADR | 16.65% | 394,000 | $51.4M | Add +15.3% |
| APPF Appfolio Inc. Class A | 11.03% | 154,800 | $34.0M | Add +136.3% |
| DASH DoorDash Inc. Class A | 10.01% | 169,000 | $30.9M | Add +48.0% |
| RDDT Reddit Inc. Class A | 9.26% | 272,500 | $28.6M | Add +65.7% |
| GOOGL Alphabet Inc. Class A | 8.82% | 176,000 | $27.2M | Add +68.4% |
| SPOT Spotify Technology SA | 8.33% | 46,750 | $25.7M | Reduce -44.4% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 7.46% | 2,250,000 | $23.0M | New |
| NET Cloudflare Inc. Class A | 5.03% | 137,850 | $15.5M | Reduce -61.6% |
| SHOP Shopify Inc. Class A | 3.19% | 103,250 | $9.9M | Reduce -17.4% |
| DUOL Duolingo | 3.04% | 30,250 | $9.4M | Reduce -52.2% |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| NU Nu Holdings Ltd./Cayman Isl-A | New | 7.46% | +7.46 |
| CPNG Coupang Inc. | Add +86.5% | 17.17% | +6.97 |
| APPF Appfolio Inc. Class A | Add +136.3% | 11.03% | +5.24 |
| SE Sea Ltd.-ADR | Add +15.3% | 16.65% | +3.67 |
| GOOGL Alphabet Inc. Class A | Add +68.4% | 8.82% | +1.62 |
| DASH DoorDash Inc. Class A | Add +48.0% | 10.01% | +1.35 |
| RDDT Reddit Inc. Class A | Add +65.7% | 9.26% | −0.37 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 14 | $440.8M | TSM, GOOGL, APPF, DASH, CPNG |
| Q1 2026 | 11 | $343.5M | DASH, NU, CPNG, GOOGL, UI |
| Q4 2025 | 10 | $449.5M | APPF, DASH, NU, UI, CPNG |
| Q3 2025 | 9 | $494.8M | CPNG, APPF, DASH, UI, NU |
| Q2 2025 | 9 | $395.1M | CPNG, SE, DASH, APPF, UI |
| Q1 2025 | 11 | $308.7M | CPNG, SE, APPF, DASH, RDDT |
| Q4 2024 | 11 | $279.3M | NET, SPOT, SE, CPNG, RDDT |
| Q3 2024 | 10 | $241.7M | RDDT, SPOT, NET, SE, CPNG |
| Q2 2024 | 9 | $211.8M | RDDT, NET, SHOP, SPOT, PCOR |
| Q1 2024 | 10 | $200.5M | APPF, SHOP, PCOR, SE, FND |