MIG Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), MIG Capital, LLC reported 54 stock positions worth $950.2 million. Its top holding was Dexcom (DXCM) at 6.7% of the portfolio, followed by Celsius (CELH, 6.4%) and Sotera Health (SHC, 6.2%). Compared with Q1 2025, it opened 8 new positions, sold out of 7, added to 33 and reduced 7. The biggest buy was a new position in Dexcom (DXCM) and the biggest sale Humana (HUM, shares −45%).
- Most Recent 13F
- Q4 2025
- Location
- Newport Beach, CA
- CIK
- 0001425649
- Portfolio Value
- $950.2M (Q2 2025)
- SEC Filing
- 0001104659-25-077127 ↗ filed Aug 13, 2025
Holdings Value
Holdings 54 stocks · $950.2M
| DXCM Dexcom Inc. | 6.65% | 724,191 | $63.2M | New |
| CELH Celsius Holdings Inc. | 6.40% | 1,310,668 | $60.8M | Reduce -16.8% |
| SHC Sotera Health Co. | 6.18% | 5,282,339 | $58.7M | Add +3.3% |
| CACC Credit Acceptance Corp. | 6.18% | 115,238 | $58.7M | No change |
| META Meta Platforms Inc. Class A | 6.17% | 79,453 | $58.6M | Add +8.0% |
| CCOI Cogent Communications Holdin | 5.22% | 1,029,237 | $49.6M | Add +6.9% |
| LLY Eli Lilly & Co. | 4.58% | 55,811 | $43.5M | No change |
| QQQ Invesco QQQ Trust Series 1 | 4.12% | 70,912 | $39.1M | New |
| AMZN Amazon.com Inc. | 3.82% | 165,482 | $36.3M | Add +26.4% |
| GOOG Alphabet Inc. Class C | 3.75% | 200,881 | $35.6M | Reduce -4.0% |
| MSFT Microsoft Corp. | 3.71% | 70,815 | $35.2M | No change |
| WDAY Workday Inc. Class A | 3.48% | 137,604 | $33.0M | Add +9.9% |
| CRM Salesforce Inc. | 3.34% | 116,487 | $31.8M | Add +7.7% |
| KNF Knife River Corp. | 3.31% | 385,838 | $31.5M | No change |
| FISV Fiserv Inc. | 3.11% | 171,291 | $29.5M | Reduce -16.7% |
| PM Philip Morris International | 2.95% | 153,769 | $28.0M | Reduce -44.5% |
| CFLT Confluent Inc. Class A | 2.82% | 1,073,354 | $26.8M | No change |
| WMS Advanced Drainage Systems Inc. | 2.80% | 231,817 | $26.6M | No change |
| ELV Elevance Health Inc. | 2.44% | 59,634 | $23.2M | Reduce -14.1% |
| CAVA Cava Group Inc. | 2.44% | 275,091 | $23.2M | Add +310.4% |
| RTO Rentokil Initial PLC-SP ADR | 2.20% | 872,145 | $20.9M | Reduce -43.5% |
| HUM Humana Inc. | 2.12% | 82,472 | $20.2M | Reduce -44.7% |
| UNH Unitedhealth Group Inc. | 1.84% | 55,961 | $17.5M | New |
| EWCZ European Wax Center Inc. Class A | 1.22% | 2,057,186 | $11.6M | Add +65.8% |
| FLUT Flutter Entertainment PLC-Di | 0.53% | 17,515 | $5.0M | New |
| STX Seagate Technology Holdings | 0.38% | 25,080 | $3.6M | Add +499.0% |
| MU Micron Technology Inc. | 0.38% | 28,969 | $3.6M | Add +243.2% |
| RBLX Roblox Corp. Class A | 0.36% | 32,799 | $3.5M | Add +146.3% |
| WDC Western Digital Corp. | 0.35% | 51,539 | $3.3M | Add +519.4% |
| AVGO Broadcom Inc. | 0.33% | 11,533 | $3.2M | Add +212.6% |
| PINS Pinterest Inc. Class A | 0.33% | 87,752 | $3.1M | Add +331.0% |
| ZS Zscaler Inc. | 0.33% | 9,964 | $3.1M | Add +121.6% |
| LRCX Lam Research Corp. | 0.32% | 31,417 | $3.1M | Add +269.8% |
| KLAC KLA Corp. | 0.31% | 3,340 | $3.0M | Add +247.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.31% | 13,180 | $3.0M | Add +317.0% |
| SPOT Spotify Technology SA | 0.31% | 3,806 | $2.9M | Add +112.9% |
| DDOG Datadog Inc. Class A | 0.31% | 21,660 | $2.9M | Add +51.3% |
| AMAT Applied Materials Inc. | 0.29% | 15,157 | $2.8M | Add +316.1% |
| FOUR SHIFT4 Payments Inc. Class A | 0.29% | 27,905 | $2.8M | Add +354.9% |
| SNX TD Synnex Corp. | 0.29% | 20,368 | $2.8M | Add +283.9% |
| MDB Mongodb Inc. | 0.29% | 13,117 | $2.8M | Add +183.0% |
| SHOP Shopify Inc. Class A | 0.29% | 23,513 | $2.7M | Add +200.0% |
| NFLX Netflix Inc. | 0.28% | 2,014 | $2.7M | Add +175.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.28% | 5,235 | $2.7M | Add +131.9% |
| CYBR Cyberark Software Ltd./Israel | 0.27% | 6,415 | $2.6M | Add +161.5% |
| MELI MercadoLibre Inc. | 0.27% | 989 | $2.6M | Add +161.6% |
| ADSK Autodesk Inc. | 0.27% | 8,244 | $2.6M | Add +259.7% |
| ANSS Ansys Inc. | 0.26% | 7,166 | $2.5M | Add +271.1% |
| NVDA Nvidia Corp. | 0.26% | 15,831 | $2.5M | New |
| PTC PTC Inc. | 0.26% | 14,324 | $2.5M | Add +308.7% |
| SNOW Snowflake Inc. | 0.26% | 10,968 | $2.5M | New |
| NOW ServiceNow Inc. | 0.25% | 2,351 | $2.4M | Add +67.7% |
| ORCL Oracle Corp. | 0.25% | 10,846 | $2.4M | New |
| INTU Intuit Inc. | 0.23% | 2,726 | $2.1M | New |
Options reported separately and not counted above: PM calls ($11.2M), ELV calls ($7.8M).
Portfolio Sells Q1 2025 → Q2 2025
| HUM Humana Inc. | Reduce -44.7% | 2.12% | −2.90 |
| FISV Fiserv Inc. | Reduce -16.7% | 3.11% | −2.67 |
| PM Philip Morris International | Reduce -44.5% | 2.95% | −2.65 |
| RTO Rentokil Initial PLC-SP ADR | Reduce -43.5% | 2.20% | −2.30 |
| ELV Elevance Health Inc. | Reduce -14.1% | 2.44% | −1.40 |
| SHAK Shake Shack Inc. Class A | Sold out | 0.00% | −1.15 |
| CELH Celsius Holdings Inc. | Reduce -16.8% | 6.40% | −0.74 |
| GOOG Alphabet Inc. Class C | Reduce -4.0% | 3.75% | −0.41 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.10 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.09 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −0.08 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.08 |
| APPN Appian Corp. Class A | Sold out | 0.00% | −0.07 |
| XYZ Block Inc. | Sold out | 0.00% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| DXCM Dexcom Inc. | New | 6.65% | +6.65 |
| QQQ Invesco QQQ Trust Series 1 | New | 4.12% | +4.12 |
| UNH Unitedhealth Group Inc. | New | 1.84% | +1.84 |
| CAVA Cava Group Inc. | Add +310.4% | 2.44% | +1.70 |
| META Meta Platforms Inc. Class A | Add +8.0% | 6.17% | +0.78 |
| AMZN Amazon.com Inc. | Add +26.4% | 3.82% | +0.65 |
| EWCZ European Wax Center Inc. Class A | Add +65.8% | 1.22% | +0.60 |
| FLUT Flutter Entertainment PLC-Di | New | 0.53% | +0.53 |
| STX Seagate Technology Holdings | Add +499.0% | 0.38% | +0.34 |
| WDC Western Digital Corp. | Add +519.4% | 0.35% | +0.30 |
| MU Micron Technology Inc. | Add +243.2% | 0.38% | +0.28 |
| RBLX Roblox Corp. Class A | Add +146.3% | 0.36% | +0.26 |
| NVDA Nvidia Corp. | New | 0.26% | +0.26 |
| SNOW Snowflake Inc. | New | 0.26% | +0.26 |
| AVGO Broadcom Inc. | Add +212.6% | 0.33% | +0.26 |
| PINS Pinterest Inc. Class A | Add +331.0% | 0.33% | +0.25 |
| ORCL Oracle Corp. | New | 0.25% | +0.25 |
| TSM Taiwan Semiconductor-SP ADR | Add +317.0% | 0.31% | +0.25 |
| LRCX Lam Research Corp. | Add +269.8% | 0.32% | +0.24 |
| KLAC KLA Corp. | Add +247.2% | 0.31% | +0.23 |
| FOUR SHIFT4 Payments Inc. Class A | Add +354.9% | 0.29% | +0.23 |
| INTU Intuit Inc. | New | 0.23% | +0.23 |
| AMAT Applied Materials Inc. | Add +316.1% | 0.29% | +0.22 |
| SNX TD Synnex Corp. | Add +283.9% | 0.29% | +0.22 |
| ZS Zscaler Inc. | Add +121.6% | 0.33% | +0.22 |
| NFLX Netflix Inc. | Add +175.1% | 0.28% | +0.20 |
| ADSK Autodesk Inc. | Add +259.7% | 0.27% | +0.19 |
| PTC PTC Inc. | Add +308.7% | 0.26% | +0.19 |
| SHOP Shopify Inc. Class A | Add +200.0% | 0.29% | +0.19 |
| ANSS Ansys Inc. | Add +271.1% | 0.26% | +0.19 |
| MDB Mongodb Inc. | Add +183.0% | 0.29% | +0.19 |
| SPOT Spotify Technology SA | Add +112.9% | 0.31% | +0.18 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +131.9% | 0.28% | +0.18 |
| MELI MercadoLibre Inc. | Add +161.6% | 0.27% | +0.18 |
| CYBR Cyberark Software Ltd./Israel | Add +161.5% | 0.27% | +0.17 |
| DDOG Datadog Inc. Class A | Add +51.3% | 0.31% | +0.13 |
| NOW ServiceNow Inc. | Add +67.7% | 0.25% | +0.11 |
| WDAY Workday Inc. Class A | Add +9.9% | 3.48% | −0.25 |
| CRM Salesforce Inc. | Add +7.7% | 3.34% | −0.35 |
| SHC Sotera Health Co. | Add +3.3% | 6.18% | −1.41 |
| CCOI Cogent Communications Holdin | Add +6.9% | 5.22% | −2.29 |
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 |