NZS Capital, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), NZS Capital, LLC reported 54 stock positions worth $2.4 billion. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Alphabet Class C (GOOG, 6.4%) and Nvidia (NVDA, 4.1%). Compared with Q4 2023, it opened 3 new positions, sold out of 4, added to 36 and reduced 14. The biggest buy was Netflix (NFLX, shares +667%) and the biggest sale an exit from Ansys (ANSS).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001816616
- Portfolio Value
- $2.4B (Q1 2024)
- SEC Filing
- 0001816616-24-000003 ↗ filed May 15, 2024
Holdings Value
Holdings 54 stocks · $2.4B
| MSFT Microsoft Corp. | 7.03% | 402,808 | $169.5M | Add +8.7% |
| GOOG Alphabet Inc. Class C | 6.35% | 1,005,382 | $153.1M | Add +22.2% |
| NVDA Nvidia Corp. | 4.12% | 109,770 | $99.2M | Reduce -8.2% |
| FISV Fiserv Inc. | 4.01% | 605,298 | $96.7M | Add +11.3% |
| APH Amphenol Corp. Class A | 3.92% | 818,216 | $94.4M | Add +22.7% |
| CDNS Cadence Design SYS Inc. | 3.85% | 297,774 | $92.7M | Add +7.6% |
| WDAY Workday Inc. Class A | 3.66% | 323,323 | $88.2M | Reduce -3.3% |
| LRCX Lam Research Corp. | 3.63% | 89,965 | $87.4M | Add +3.4% |
| PGR Progressive Corp. | 3.43% | 400,109 | $82.8M | Add +26.0% |
| LIN Linde PLC | 3.29% | 170,997 | $79.4M | Add +59.6% |
| TXN Texas Instruments Inc. | 3.29% | 455,539 | $79.4M | Add +20.4% |
| MCHP Microchip Technology Inc. | 3.25% | 874,149 | $78.4M | Add +36.6% |
| KLAC KLA Corp. | 3.25% | 112,131 | $78.3M | Reduce -4.9% |
| DHR Danaher Corp. | 3.03% | 292,682 | $73.1M | Add +25.0% |
| TT Trane Technologies PLC | 2.61% | 209,822 | $63.0M | Add +24.2% |
| URI United Rentals Inc. | 2.31% | 77,043 | $55.6M | Add +16.2% |
| NFLX Netflix Inc. | 2.20% | 87,206 | $53.0M | Add +666.7% |
| AMD Advanced Micro Devices | 2.16% | 288,663 | $52.1M | Reduce -15.2% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.88% | 353,031 | $45.4M | Add +32.9% |
| SHOP Shopify Inc. Class A | 1.81% | 566,109 | $43.7M | Add +11.1% |
| CSGP Costar Group Inc. | 1.75% | 435,730 | $42.1M | Add +20.4% |
| AMZN Amazon.com Inc. | 1.47% | 196,291 | $35.4M | No change |
| AAPL Apple Inc. | 1.33% | 186,600 | $32.0M | Reduce -20.0% |
| UBER Uber Technologies Inc. | 1.31% | 409,252 | $31.5M | Add +40.0% |
| MELI MercadoLibre Inc. | 1.29% | 20,569 | $31.1M | Add +38.0% |
| ON On Semiconductor | 1.29% | 421,748 | $31.0M | Add +41.6% |
| ISRG Intuitive Surgical Inc. | 1.24% | 74,837 | $29.9M | Reduce -8.5% |
| CYBR Cyberark Software Ltd./Israel | 1.23% | 111,804 | $29.7M | Add +12.8% |
| CGNX Cognex Corp. | 1.23% | 696,536 | $29.5M | Add +66.7% |
| LSCC Lattice Semiconductor Corp. | 1.22% | 376,432 | $29.4M | Add +33.6% |
| PCOR Procore Technologies Inc. | 1.22% | 357,471 | $29.4M | Add +3.0% |
| TOST Toast Inc. Class A | 1.21% | 1,172,880 | $29.2M | Add +2.5% |
| CMG Chipotle Mexican Grill Inc. | 1.21% | 9,990 | $29.0M | Add +22.0% |
| DXCM Dexcom Inc. | 1.12% | 195,307 | $27.1M | Add +13.8% |
| AXON Axon Enterprise Inc. | 1.08% | 83,132 | $26.0M | Reduce -7.3% |
| NET Cloudflare Inc. Class A | 0.98% | 244,356 | $23.7M | Reduce -12.5% |
| DASH DoorDash Inc. Class A | 0.95% | 166,822 | $23.0M | Reduce -12.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.92% | 68,827 | $22.1M | Reduce -17.5% |
| FND Floor & Decor Holdings Inc. Class A | 0.90% | 166,608 | $21.6M | Add +22.1% |
| CRM Salesforce Inc. | 0.86% | 69,144 | $20.8M | Reduce -4.0% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.77% | 1,557,400 | $18.6M | Add +45.3% |
| GTLS Chart Industries Inc. | 0.73% | 106,156 | $17.5M | Add +24.3% |
| CCJ Cameco Corp. | 0.71% | 397,685 | $17.2M | Add +7.7% |
| MRNA Moderna Inc. | 0.69% | 155,143 | $16.5M | Add +23.8% |
| SWAV Shockwave Medical Inc. | 0.62% | 46,203 | $15.0M | Add +22.4% |
| RGEN Repligen Corp. | 0.62% | 81,522 | $15.0M | Reduce -1.2% |
| MEDP Medpace Holdings Inc. | 0.54% | 32,007 | $12.9M | New |
| TDY Teledyne Technologies Inc. | 0.48% | 27,174 | $11.7M | Add +51.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.47% | 83,132 | $11.3M | New |
| THO Thor Industries Inc. | 0.47% | 96,356 | $11.3M | Add +22.6% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.33% | 91,885 | $8.0M | Add +28.4% |
| NOW ServiceNow Inc. | 0.28% | 8,746 | $6.7M | Reduce -78.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 46,887 | $5.7M | Reduce -4.0% |
| GLBE Global-E Online Ltd. | 0.14% | 93,807 | $3.4M | New |
Portfolio Sells Q4 2023 → Q1 2024
| ANSS Ansys Inc. | Sold out | 0.00% | −2.12 |
| NOW ServiceNow Inc. | Reduce -78.0% | 0.28% | −1.21 |
| WDAY Workday Inc. Class A | Reduce -3.3% | 3.66% | −1.20 |
| AAPL Apple Inc. | Reduce -20.0% | 1.33% | −1.04 |
| CSTM Constellium SE | Sold out | 0.00% | −0.67 |
| AMD Advanced Micro Devices | Reduce -15.2% | 2.16% | −0.48 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.44 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.42 |
| KLAC KLA Corp. | Reduce -4.9% | 3.25% | −0.36 |
| NET Cloudflare Inc. Class A | Reduce -12.5% | 0.98% | −0.24 |
| ISRG Intuitive Surgical Inc. | Reduce -8.5% | 1.24% | −0.21 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -17.5% | 0.92% | −0.21 |
| RGEN Repligen Corp. | Reduce -1.2% | 0.62% | −0.16 |
| AXON Axon Enterprise Inc. | Reduce -7.3% | 1.08% | −0.14 |
| CRM Salesforce Inc. | Reduce -4.0% | 0.86% | −0.13 |
| DASH DoorDash Inc. Class A | Reduce -12.8% | 0.95% | −0.04 |
| DIS The Walt Disney Co. | Reduce -4.0% | 0.24% | +0.01 |
| NVDA Nvidia Corp. | Reduce -8.2% | 4.12% | +1.00 |
Portfolio Buys Q4 2023 → Q1 2024
| NFLX Netflix Inc. | Add +666.7% | 2.20% | +1.91 |
| LIN Linde PLC | Add +59.6% | 3.29% | +0.98 |
| PGR Progressive Corp. | Add +26.0% | 3.43% | +0.77 |
| MEDP Medpace Holdings Inc. | New | 0.54% | +0.54 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.47% | +0.47 |
| TT Trane Technologies PLC | Add +24.2% | 2.61% | +0.44 |
| APH Amphenol Corp. Class A | Add +22.7% | 3.92% | +0.44 |
| UBER Uber Technologies Inc. | Add +40.0% | 1.31% | +0.36 |
| CGNX Cognex Corp. | Add +66.7% | 1.23% | +0.31 |
| URI United Rentals Inc. | Add +16.2% | 2.31% | +0.30 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +45.3% | 0.77% | +0.30 |
| SWAV Shockwave Medical Inc. | Add +22.4% | 0.62% | +0.25 |
| GOOG Alphabet Inc. Class C | Add +22.2% | 6.35% | +0.24 |
| CMG Chipotle Mexican Grill Inc. | Add +22.0% | 1.21% | +0.22 |
| MCHP Microchip Technology Inc. | Add +36.6% | 3.25% | +0.22 |
| FISV Fiserv Inc. | Add +11.3% | 4.01% | +0.21 |
| LSCC Lattice Semiconductor Corp. | Add +33.6% | 1.22% | +0.20 |
| DHR Danaher Corp. | Add +25.0% | 3.03% | +0.18 |
| GLBE Global-E Online Ltd. | New | 0.14% | +0.14 |
| GTLS Chart Industries Inc. | Add +24.3% | 0.73% | +0.11 |
| TOST Toast Inc. Class A | Add +2.5% | 1.21% | +0.11 |
| FND Floor & Decor Holdings Inc. Class A | Add +22.1% | 0.90% | +0.09 |
| CYBR Cyberark Software Ltd./Israel | Add +12.8% | 1.23% | +0.09 |
| CSGP Costar Group Inc. | Add +20.4% | 1.75% | +0.08 |
| TTD Trade Desk Inc./the Class A | Add +28.4% | 0.33% | +0.06 |
| TDY Teledyne Technologies Inc. | Add +51.2% | 0.48% | +0.06 |
| MELI MercadoLibre Inc. | Add +38.0% | 1.29% | +0.06 |
| LRCX Lam Research Corp. | Add +3.4% | 3.63% | +0.04 |
| MRNA Moderna Inc. | Add +23.8% | 0.69% | +0.03 |
| SUI Sun Communities Inc. | Add +32.9% | 1.88% | +0.01 |
| DXCM Dexcom Inc. | Add +13.8% | 1.12% | +0.00 |
| THO Thor Industries Inc. | Add +22.6% | 0.47% | −0.02 |
| ON On Semiconductor | Add +41.6% | 1.29% | −0.02 |
| PCOR Procore Technologies Inc. | Add +3.0% | 1.22% | −0.05 |
| TXN Texas Instruments Inc. | Add +20.4% | 3.29% | −0.10 |
| CDNS Cadence Design SYS Inc. | Add +7.6% | 3.85% | −0.12 |
| CCJ Cameco Corp. | Add +7.7% | 0.71% | −0.12 |
| SHOP Shopify Inc. Class A | Add +11.1% | 1.81% | −0.28 |
| MSFT Microsoft Corp. | Add +8.7% | 7.03% | −0.31 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 61 | $3.9B | GOOG, LRCX, CDNS, APH, NVDA |
| Q1 2026 | 58 | $3.0B | GOOG, CDNS, LRCX, LIN, DHR |
| Q4 2025 | 62 | $3.3B | GOOG, CDNS, DHR, LRCX, AMT |
| Q3 2025 | 61 | $3.3B | GOOG, CDNS, LRCX, PGR, APH |
| Q2 2025 | 60 | $2.9B | GOOG, CDNS, NVDA, APH, PGR |
| Q1 2025 | 59 | $2.2B | GOOG, CDNS, PGR, APH, ROP |
| Q4 2024 | 59 | $2.3B | GOOG, CDNS, MSFT, FISV, PGR |
| Q3 2024 | 58 | $2.6B | GOOG, MSFT, TXN, PGR, FISV |
| Q2 2024 | 58 | $2.4B | GOOG, MSFT, TXN, FISV, CDNS |
| Q1 2024 | 54 | $2.4B | MSFT, GOOG, NVDA, FISV, APH |