MIG Capital, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), MIG Capital, LLC reported 53 stock positions worth $785.9 million. Its top holding was Sotera Health (SHC) at 7.6% of the portfolio, followed by Credit Acceptance (CACC, 7.6%) and Cogent Communications Holdin (CCOI, 7.5%). Compared with Q4 2024, it opened 21 new positions, sold out of 39, added to 16 and reduced 11. The biggest buy was Celsius (CELH, shares +43%) and the biggest sale an exit from Dexcom (DXCM).
- Most Recent 13F
- Q4 2025
- Location
- Newport Beach, CA
- CIK
- 0001425649
- Portfolio Value
- $785.9M (Q1 2025)
- SEC Filing
- 0001104659-25-048094 ↗ filed May 14, 2025
Holdings Value
Holdings 53 stocks · $785.9M
| SHC Sotera Health Co. | 7.59% | 5,113,951 | $59.6M | Reduce -13.6% |
| CACC Credit Acceptance Corp. | 7.57% | 115,238 | $59.5M | Reduce -8.9% |
| CCOI Cogent Communications Holdin | 7.51% | 963,034 | $59.0M | Reduce -16.7% |
| CELH Celsius Holdings Inc. | 7.14% | 1,575,939 | $56.1M | Add +42.7% |
| LLY Eli Lilly & Co. | 5.87% | 55,811 | $46.1M | Reduce -15.4% |
| FISV Fiserv Inc. | 5.78% | 205,559 | $45.4M | Reduce -43.0% |
| PM Philip Morris International | 5.60% | 277,218 | $44.0M | Reduce -16.0% |
| META Meta Platforms Inc. Class A | 5.39% | 73,557 | $42.4M | Reduce -22.1% |
| HUM Humana Inc. | 5.02% | 149,163 | $39.5M | No change |
| RTO Rentokil Initial PLC-SP ADR | 4.50% | 1,543,879 | $35.4M | No change |
| KNF Knife River Corp. | 4.43% | 385,838 | $34.8M | Reduce -31.2% |
| GOOG Alphabet Inc. Class C | 4.16% | 209,288 | $32.7M | No change |
| ELV Elevance Health Inc. | 3.84% | 69,414 | $30.2M | Reduce -30.3% |
| WDAY Workday Inc. Class A | 3.72% | 125,204 | $29.2M | No change |
| CRM Salesforce Inc. | 3.69% | 108,200 | $29.0M | Add +10720.0% |
| MSFT Microsoft Corp. | 3.38% | 70,815 | $26.6M | Reduce -6.9% |
| WMS Advanced Drainage Systems Inc. | 3.21% | 231,817 | $25.2M | No change |
| CFLT Confluent Inc. Class A | 3.20% | 1,073,354 | $25.2M | Add +11.1% |
| AMZN Amazon.com Inc. | 3.17% | 130,894 | $24.9M | Add +8.1% |
| SHAK Shake Shack Inc. Class A | 1.15% | 102,504 | $9.0M | New |
| CAVA Cava Group Inc. | 0.74% | 67,028 | $5.8M | New |
| EWCZ European Wax Center Inc. Class A | 0.62% | 1,240,529 | $4.9M | Reduce -39.7% |
| DDOG Datadog Inc. Class A | 0.18% | 14,313 | $1.4M | Add +526.1% |
| NOW ServiceNow Inc. | 0.14% | 1,402 | $1.1M | Add +350.8% |
| SPOT Spotify Technology SA | 0.13% | 1,788 | $983K | Add +141.9% |
| ZS Zscaler Inc. | 0.11% | 4,497 | $892K | Add +146.4% |
| CYBR Cyberark Software Ltd./Israel | 0.11% | 2,453 | $829K | Add +130.8% |
| MDB Mongodb Inc. | 0.10% | 4,635 | $813K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.10% | 2,257 | $796K | Add +137.1% |
| OKTA Okta Inc. | 0.10% | 7,539 | $793K | New |
| RBLX Roblox Corp. Class A | 0.10% | 13,316 | $776K | Add +133.0% |
| SHOP Shopify Inc. Class A | 0.10% | 7,838 | $748K | Add +150.4% |
| MELI MercadoLibre Inc. | 0.09% | 378 | $737K | New |
| MU Micron Technology Inc. | 0.09% | 8,441 | $733K | Add +119.5% |
| NFLX Netflix Inc. | 0.09% | 732 | $683K | New |
| HUBS HubSpot Inc. | 0.09% | 1,181 | $675K | Add +147.6% |
| KLAC KLA Corp. | 0.08% | 962 | $654K | New |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.08% | 6,976 | $648K | New |
| GTLB Gitlab Inc. Class A | 0.08% | 13,571 | $638K | Add +126.4% |
| PINS Pinterest Inc. Class A | 0.08% | 20,358 | $631K | New |
| AVGO Broadcom Inc. | 0.08% | 3,690 | $618K | Add +140.2% |
| LRCX Lam Research Corp. | 0.08% | 8,496 | $618K | New |
| ANSS Ansys Inc. | 0.08% | 1,931 | $611K | New |
| ADSK Autodesk Inc. | 0.08% | 2,292 | $600K | New |
| SNX TD Synnex Corp. | 0.07% | 5,305 | $552K | New |
| PTC PTC Inc. | 0.07% | 3,505 | $543K | New |
| AMAT Applied Materials Inc. | 0.07% | 3,643 | $529K | New |
| APPN Appian Corp. Class A | 0.07% | 18,326 | $528K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.07% | 3,161 | $525K | New |
| FOUR SHIFT4 Payments Inc. Class A | 0.06% | 6,135 | $501K | New |
| XYZ Block Inc. | 0.05% | 7,700 | $418K | New |
| STX Seagate Technology Holdings | 0.05% | 4,187 | $356K | New |
| WDC Western Digital Corp. | 0.04% | 8,321 | $336K | New |
Options reported separately and not counted above: PM calls ($9.8M), ELV calls ($8.7M).
Portfolio Sells Q4 2024 → Q1 2025
| DXCM Dexcom Inc. | Sold out | 0.00% | −6.94 |
| FISV Fiserv Inc. | Reduce -43.0% | 5.78% | −1.92 |
| PLD Prologis Inc. | Sold out | 0.00% | −1.75 |
| CCOI Cogent Communications Holdin | Reduce -16.7% | 7.51% | −1.74 |
| ESTC Elastic NV | Sold out | 0.00% | −1.64 |
| KNF Knife River Corp. | Reduce -31.2% | 4.43% | −1.49 |
| SHC Sotera Health Co. | Reduce -13.6% | 7.59% | −0.82 |
| EWCZ European Wax Center Inc. Class A | Reduce -39.7% | 0.62% | −0.80 |
| META Meta Platforms Inc. Class A | Reduce -22.1% | 5.39% | −0.34 |
| SKYT Skywater Technology Inc. | Sold out | 0.00% | −0.04 |
| EVLV Evolv Technologies Holdings | Sold out | 0.00% | −0.04 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −0.04 |
| FORM Formfactor Inc. | Sold out | 0.00% | −0.04 |
| KTOS Kratos Defense & Security | Sold out | 0.00% | −0.04 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.04 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.04 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.04 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.04 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.04 |
| DT Dynatrace Inc. | Sold out | 0.00% | −0.04 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.04 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −0.03 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.03 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −0.03 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −0.03 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.03 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.03 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.03 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.03 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.03 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.03 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.03 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −0.03 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.03 |
| INDI Indie Semiconductor Inc. Class A | Sold out | 0.00% | −0.03 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.03 |
| NTNX Nutanix Inc. Class A | Sold out | 0.00% | −0.03 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −0.03 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.03 |
| AVPT Avepoint Inc. | Sold out | 0.00% | −0.03 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.03 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.03 |
| SG Sweetgreen Inc. Class A | Sold out | 0.00% | −0.03 |
| CVNA Carvana Co. | Sold out | 0.00% | −0.03 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.03 |
| ELV Elevance Health Inc. | Reduce -30.3% | 3.84% | +0.03 |
| MSFT Microsoft Corp. | Reduce -6.9% | 3.38% | +0.06 |
| LLY Eli Lilly & Co. | Reduce -15.4% | 5.87% | +0.58 |
| CACC Credit Acceptance Corp. | Reduce -8.9% | 7.57% | +1.41 |
| PM Philip Morris International | Reduce -16.0% | 5.60% | +1.48 |
Portfolio Buys Q4 2024 → Q1 2025
| CELH Celsius Holdings Inc. | Add +42.7% | 7.14% | +4.12 |
| CRM Salesforce Inc. | Add +10720.0% | 3.69% | +3.66 |
| SHAK Shake Shack Inc. Class A | New | 1.15% | +1.15 |
| CAVA Cava Group Inc. | New | 0.74% | +0.74 |
| AMZN Amazon.com Inc. | Add +8.1% | 3.17% | +0.41 |
| CFLT Confluent Inc. Class A | Add +11.1% | 3.20% | +0.40 |
| DDOG Datadog Inc. Class A | Add +526.1% | 0.18% | +0.15 |
| NOW ServiceNow Inc. | Add +350.8% | 0.14% | +0.11 |
| MDB Mongodb Inc. | New | 0.10% | +0.10 |
| OKTA Okta Inc. | New | 0.10% | +0.10 |
| MELI MercadoLibre Inc. | New | 0.09% | +0.09 |
| SPOT Spotify Technology SA | Add +141.9% | 0.13% | +0.09 |
| NFLX Netflix Inc. | New | 0.09% | +0.09 |
| KLAC KLA Corp. | New | 0.08% | +0.08 |
| KSPI JSC Kaspi.kz ADR | New | 0.08% | +0.08 |
| PINS Pinterest Inc. Class A | New | 0.08% | +0.08 |
| ZS Zscaler Inc. | Add +146.4% | 0.11% | +0.08 |
| LRCX Lam Research Corp. | New | 0.08% | +0.08 |
| ANSS Ansys Inc. | New | 0.08% | +0.08 |
| ADSK Autodesk Inc. | New | 0.08% | +0.08 |
| SNX TD Synnex Corp. | New | 0.07% | +0.07 |
| PTC PTC Inc. | New | 0.07% | +0.07 |
| CYBR Cyberark Software Ltd./Israel | Add +130.8% | 0.11% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +137.1% | 0.10% | +0.07 |
| AMAT Applied Materials Inc. | New | 0.07% | +0.07 |
| APPN Appian Corp. Class A | New | 0.07% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.07% | +0.07 |
| RBLX Roblox Corp. Class A | Add +133.0% | 0.10% | +0.06 |
| FOUR SHIFT4 Payments Inc. Class A | New | 0.06% | +0.06 |
| SHOP Shopify Inc. Class A | Add +150.4% | 0.10% | +0.06 |
| MU Micron Technology Inc. | Add +119.5% | 0.09% | +0.06 |
| XYZ Block Inc. | New | 0.05% | +0.05 |
| HUBS HubSpot Inc. | Add +147.6% | 0.09% | +0.05 |
| GTLB Gitlab Inc. Class A | Add +126.4% | 0.08% | +0.05 |
| STX Seagate Technology Holdings | New | 0.05% | +0.05 |
| WDC Western Digital Corp. | New | 0.04% | +0.04 |
| AVGO Broadcom Inc. | Add +140.2% | 0.08% | +0.04 |
Options Activity Q4 2024 → Q1 2025
| PM Philip Morris International | call | New | 61,500 | $9.8M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 43 | $589.4M | META, DXCM, SHC, MSFT, CELH |
| Q3 2025 | 43 | $682.0M | SHC, META, CELH, DXCM, MSFT |
| Q2 2025 | 54 | $950.2M | DXCM, CELH, SHC, CACC, META |
| Q1 2025 | 53 | $785.9M | SHC, CACC, CCOI, CELH, LLY |
| Q4 2024 | 71 | $963.5M | CCOI, SHC, FISV, DXCM, CACC |
| Q3 2024 | 19 | $824.3M | SHC, CCOI, FISV, META, KNF |
| Q2 2024 | 19 | $750.6M | SHC, CCOI, DXCM, ELV, META |
| Q1 2024 | 16 | $719.4M | DXCM, FISV, CCOI, SHC, ELV |