Long Walk Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Long Walk Management LP reported 10 stock positions worth $449.5 million. Its top holding was Appfolio Class A (APPF) at 19.8% of the portfolio, followed by DoorDash Class A (DASH, 18.8%) and Nu Holdings Ltd./Cayman Isl-A (NU, 14.1%). Compared with Q3 2025, it opened 1 new position, added to 4 and reduced 5. The biggest buy was DoorDash Class A (DASH, shares +76%) and the biggest sale Coupang (CPNG, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001869470
- Portfolio Value
- $449.5M (Q4 2025)
- SEC Filing
- 0001869470-26-000004 ↗ filed Feb 12, 2026
Holdings Value
Holdings 10 stocks · $449.5M
| APPF Appfolio Inc. Class A | 19.76% | 381,750 | $88.8M | Add +32.3% |
| DASH DoorDash Inc. Class A | 18.79% | 373,000 | $84.5M | Add +75.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 14.12% | 3,792,000 | $63.5M | Add +10.6% |
| UI Ubiquiti Inc. | 10.36% | 84,150 | $46.6M | Reduce -0.3% |
| CPNG Coupang Inc. | 8.79% | 1,675,000 | $39.5M | Reduce -42.9% |
| GOOGL Alphabet Inc. Class A | 6.96% | 100,000 | $31.3M | New |
| AMD Advanced Micro Devices | 6.40% | 134,400 | $28.8M | Reduce -32.8% |
| SE Sea Ltd.-ADR | 6.31% | 222,500 | $28.4M | Reduce -27.1% |
| NBIS Nebius Group NV | 5.48% | 294,500 | $24.7M | Reduce -37.8% |
| SPOT Spotify Technology SA | 3.01% | 23,300 | $13.5M | Add +30.9% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
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 |