Long Walk Management LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Long Walk Management LP reported 9 stock positions worth $494.8 million. Its top holding was Coupang (CPNG) at 19.1% of the portfolio, followed by Appfolio Class A (APPF, 16.1%) and DoorDash Class A (DASH, 11.7%). Compared with Q2 2025, it opened 1 new position, sold out of 1, added to 4 and reduced 4. The biggest buy was a new position in Advanced Micro Devices (AMD) and the biggest sale Sea Ltd.-ADR (SE, shares −29%).

Most Recent 13F
Q2 2026
Location
GREENWICH, CT
CIK
0001869470
Portfolio Value
$494.8M (Q3 2025)
SEC Filing
0001869470-25-000013 ↗ filed Nov 7, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $200.5M Q1 2024 Q2 2024: $211.8M Q2 2024 Q3 2024: $241.7M Q3 2024 Q4 2024: $279.3M Q4 2024 Q1 2025: $308.7M Q1 2025 Q2 2025: $395.1M Q2 2025 Q3 2025: $494.8M $494.8M Q3 2025 Q4 2025: $449.5M Q4 2025 Q1 2026: $343.5M Q1 2026 Q2 2026: $440.8M Q2 2026

Holdings 9 stocks · $494.8M
CPNG Coupang Inc. 19.10% 2,935,000 $94.5M Add +16.4%
APPF Appfolio Inc. Class A 16.07% 288,500 $79.5M Add +4.4%
DASH DoorDash Inc. Class A 11.65% 212,000 $57.7M Reduce -19.9%
UI Ubiquiti Inc. 11.27% 84,400 $55.8M Add +22.0%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 11.10% 3,430,000 $54.9M Add +84.4%
SE Sea Ltd.-ADR 11.02% 305,000 $54.5M Reduce -29.3%
NBIS Nebius Group NV 10.74% 473,250 $53.1M Reduce -5.3%
AMD Advanced Micro Devices 6.54% 200,000 $32.4M New
SPOT Spotify Technology SA 2.51% 17,800 $12.4M Reduce -43.0%

Portfolio Sells Q2 2025 → Q3 2025
SE Sea Ltd.-ADR Reduce -29.3% 11.02% −6.45
DASH DoorDash Inc. Class A Reduce -19.9% 11.65% −4.86
NET Cloudflare Inc. Class A Sold out 0.00% −4.05
SPOT Spotify Technology SA Reduce -43.0% 2.51% −3.55
NBIS Nebius Group NV Reduce -5.3% 10.74% +3.74

Portfolio Buys Q2 2025 → Q3 2025
AMD Advanced Micro Devices New 6.54% +6.54
NU Nu Holdings Ltd./Cayman Isl-A Add +84.4% 11.10% +4.64
UI Ubiquiti Inc. Add +22.0% 11.27% +4.06
CPNG Coupang Inc. Add +16.4% 19.10% −0.02
APPF Appfolio Inc. Class A Add +4.4% 16.07% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 14$440.8MTSM, GOOGL, APPF, DASH, CPNG
Q1 2026 11$343.5MDASH, NU, CPNG, GOOGL, UI
Q4 2025 10$449.5MAPPF, DASH, NU, UI, CPNG
Q3 2025 9$494.8MCPNG, APPF, DASH, UI, NU
Q2 2025 9$395.1MCPNG, SE, DASH, APPF, UI
Q1 2025 11$308.7MCPNG, SE, APPF, DASH, RDDT
Q4 2024 11$279.3MNET, SPOT, SE, CPNG, RDDT
Q3 2024 10$241.7MRDDT, SPOT, NET, SE, CPNG
Q2 2024 9$211.8MRDDT, NET, SHOP, SPOT, PCOR
Q1 2024 10$200.5MAPPF, SHOP, PCOR, SE, FND