NZS Capital, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), NZS Capital, LLC reported 58 stock positions worth $2.6 billion. Its top holding was Alphabet Class C (GOOG) at 6.8% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Texas Instruments (TXN, 3.9%). Compared with Q2 2024, it opened 3 new positions, sold out of 3, added to 40 and reduced 13. The biggest buy was a new position in American Tower (AMT) and the biggest sale Netflix (NFLX, shares −80%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001816616
- Portfolio Value
- $2.6B (Q3 2024)
- SEC Filing
- 0001816616-24-000009 ↗ filed Nov 14, 2024
Holdings Value
Holdings 58 stocks · $2.6B
| GOOG Alphabet Inc. Class C | 6.76% | 1,036,955 | $173.4M | Add +6.2% |
| MSFT Microsoft Corp. | 6.01% | 358,167 | $154.1M | Reduce -5.7% |
| TXN Texas Instruments Inc. | 3.85% | 478,286 | $98.8M | Reduce -3.6% |
| PGR Progressive Corp. | 3.82% | 385,985 | $97.9M | Reduce -4.2% |
| FISV Fiserv Inc. | 3.72% | 530,817 | $95.4M | Reduce -15.6% |
| CDNS Cadence Design SYS Inc. | 3.67% | 347,059 | $94.1M | Add +16.7% |
| DHR Danaher Corp. | 3.49% | 322,172 | $89.6M | Add +2.9% |
| KLAC KLA Corp. | 3.34% | 110,732 | $85.8M | No change |
| LIN Linde PLC | 3.19% | 171,528 | $81.8M | Reduce -10.6% |
| LRCX Lam Research Corp. | 3.02% | 94,949 | $77.5M | Add +10.5% |
| MCHP Microchip Technology Inc. | 2.98% | 950,735 | $76.3M | Reduce -1.0% |
| URI United Rentals Inc. | 2.65% | 83,827 | $67.9M | Add +2.9% |
| AAPL Apple Inc. | 2.58% | 284,174 | $66.2M | Add +11.8% |
| NVDA Nvidia Corp. | 2.55% | 538,274 | $65.4M | Reduce -14.3% |
| ROP Roper Technologies Inc. | 2.47% | 113,849 | $63.4M | Add +92.0% |
| APH Amphenol Corp. Class A | 2.31% | 911,053 | $59.4M | Add +5.3% |
| TT Trane Technologies PLC | 2.29% | 151,126 | $58.7M | Reduce -11.0% |
| ADSK Autodesk Inc. | 2.05% | 190,976 | $52.6M | Add +104.0% |
| SHOP Shopify Inc. Class A | 1.82% | 582,711 | $46.7M | Add +2.2% |
| MELI MercadoLibre Inc. | 1.73% | 21,567 | $44.3M | Add +2.1% |
| AMD Advanced Micro Devices | 1.66% | 258,806 | $42.5M | Add +1.3% |
| AMT American Tower Corp. | 1.54% | 170,340 | $39.6M | New |
| HEI Heico Corp. | 1.43% | 140,716 | $36.8M | Add +2.8% |
| AXON Axon Enterprise Inc. | 1.34% | 86,073 | $34.4M | Add +2.0% |
| TOST Toast Inc. Class A | 1.34% | 1,214,368 | $34.4M | Add +1.9% |
| CSGP Costar Group Inc. | 1.34% | 455,382 | $34.4M | Add +2.1% |
| CRM Salesforce Inc. | 1.32% | 123,705 | $33.9M | Add +15.2% |
| HEI.A Heico Corp. Class A | 1.28% | 161,286 | $32.9M | Add +2.8% |
| CCJ Cameco Corp. | 1.28% | 685,122 | $32.7M | Add +68.7% |
| CGNX Cognex Corp. | 1.27% | 807,158 | $32.7M | Add +12.5% |
| ISRG Intuitive Surgical Inc. | 1.27% | 66,320 | $32.6M | Reduce -4.9% |
| UBER Uber Technologies Inc. | 1.25% | 426,635 | $32.1M | Add +1.9% |
| ON On Semiconductor | 1.23% | 433,552 | $31.5M | Add +1.9% |
| CYBR Cyberark Software Ltd./Israel | 1.17% | 103,211 | $30.1M | Add +1.8% |
| DASH DoorDash Inc. Class A | 1.09% | 196,618 | $28.1M | Add +15.7% |
| PCOR Procore Technologies Inc. | 1.09% | 454,648 | $28.1M | Add +15.5% |
| LSCC Lattice Semiconductor Corp. | 1.03% | 496,308 | $26.3M | Add +28.4% |
| CMG Chipotle Mexican Grill Inc. | 0.97% | 430,132 | $24.8M | Add +2.8% |
| MEDP Medpace Holdings Inc. | 0.92% | 70,966 | $23.7M | Add +11.3% |
| Z Zillow Group Inc. Class C | 0.86% | 344,317 | $22.0M | Add +44.6% |
| FND Floor & Decor Holdings Inc. Class A | 0.84% | 173,833 | $21.6M | Add +2.8% |
| AMZN Amazon.com Inc. | 0.83% | 114,376 | $21.3M | Reduce -43.0% |
| NET Cloudflare Inc. Class A | 0.82% | 260,637 | $21.1M | Add +1.8% |
| CDW CDW Corp. | 0.80% | 90,571 | $20.5M | Add +30.1% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.79% | 185,629 | $20.4M | Add +1.4% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.77% | 1,452,185 | $19.8M | Reduce -6.2% |
| ARM Arm Holdings PLC-ADR | 0.75% | 134,408 | $19.2M | Add +25.2% |
| RGEN Repligen Corp. | 0.74% | 127,839 | $19.0M | Add +2.9% |
| GTLS Chart Industries Inc. | 0.67% | 138,993 | $17.3M | Add +29.5% |
| CPRT Copart Inc. | 0.63% | 307,561 | $16.1M | New |
| NFLX Netflix Inc. | 0.52% | 18,983 | $13.5M | Reduce -80.4% |
| MRNA Moderna Inc. | 0.51% | 196,973 | $13.2M | Add +2.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.49% | 72,153 | $12.5M | Reduce -8.3% |
| PEN Penumbra Inc. | 0.47% | 62,054 | $12.1M | New |
| THO Thor Industries Inc. | 0.43% | 99,432 | $10.9M | Add +2.9% |
| AFRM Affirm Holdings Inc. | 0.41% | 259,221 | $10.6M | Add +2.8% |
| NOW ServiceNow Inc. | 0.32% | 9,248 | $8.3M | No change |
| GLBE Global-E Online Ltd. | 0.21% | 139,201 | $5.4M | Add +9.0% |
Portfolio Sells Q2 2024 → Q3 2024
| NFLX Netflix Inc. | Reduce -80.4% | 0.52% | −2.16 |
| MSFT Microsoft Corp. | Reduce -5.7% | 6.01% | −0.95 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.78 |
| AMZN Amazon.com Inc. | Reduce -43.0% | 0.83% | −0.76 |
| NVDA Nvidia Corp. | Reduce -14.3% | 2.55% | −0.64 |
| MCHP Microchip Technology Inc. | Reduce -1.0% | 2.98% | −0.63 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.37 |
| SOLV Solventum Corp. | Sold out | 0.00% | −0.34 |
| LIN Linde PLC | Reduce -10.6% | 3.19% | −0.26 |
| FISV Fiserv Inc. | Reduce -15.6% | 3.72% | −0.13 |
| TXN Texas Instruments Inc. | Reduce -3.6% | 3.85% | −0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -8.3% | 0.49% | −0.07 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -6.2% | 0.77% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -4.9% | 1.27% | −0.00 |
| TT Trane Technologies PLC | Reduce -11.0% | 2.29% | 0.00 |
| PGR Progressive Corp. | Reduce -4.2% | 3.82% | +0.39 |
Portfolio Buys Q2 2024 → Q3 2024
| AMT American Tower Corp. | New | 1.54% | +1.54 |
| ADSK Autodesk Inc. | Add +104.0% | 2.05% | +1.10 |
| ROP Roper Technologies Inc. | Add +92.0% | 2.47% | +1.10 |
| CPRT Copart Inc. | New | 0.63% | +0.63 |
| URI United Rentals Inc. | Add +2.9% | 2.65% | +0.49 |
| PEN Penumbra Inc. | New | 0.47% | +0.47 |
| CCJ Cameco Corp. | Add +68.7% | 1.28% | +0.46 |
| Z Zillow Group Inc. Class C | Add +44.6% | 0.86% | +0.40 |
| AAPL Apple Inc. | Add +11.8% | 2.58% | +0.39 |
| DASH DoorDash Inc. Class A | Add +15.7% | 1.09% | +0.34 |
| AXON Axon Enterprise Inc. | Add +2.0% | 1.34% | +0.32 |
| MELI MercadoLibre Inc. | Add +2.1% | 1.73% | +0.30 |
| DHR Danaher Corp. | Add +2.9% | 3.49% | +0.28 |
| SHOP Shopify Inc. Class A | Add +2.2% | 1.82% | +0.28 |
| CRM Salesforce Inc. | Add +15.2% | 1.32% | +0.19 |
| HEI Heico Corp. | Add +2.8% | 1.43% | +0.18 |
| CDW CDW Corp. | Add +30.1% | 0.80% | +0.16 |
| FND Floor & Decor Holdings Inc. Class A | Add +2.8% | 0.84% | +0.15 |
| HEI.A Heico Corp. Class A | Add +2.8% | 1.28% | +0.14 |
| LSCC Lattice Semiconductor Corp. | Add +28.4% | 1.03% | +0.11 |
| AFRM Affirm Holdings Inc. | Add +2.8% | 0.41% | +0.10 |
| RGEN Repligen Corp. | Add +2.9% | 0.74% | +0.10 |
| TOST Toast Inc. Class A | Add +1.9% | 1.34% | +0.08 |
| TTD Trade Desk Inc./the Class A | Add +1.4% | 0.79% | +0.06 |
| THO Thor Industries Inc. | Add +2.9% | 0.43% | +0.06 |
| GTLS Chart Industries Inc. | Add +29.5% | 0.67% | +0.04 |
| CYBR Cyberark Software Ltd./Israel | Add +1.8% | 1.17% | +0.04 |
| ON On Semiconductor | Add +1.9% | 1.23% | +0.03 |
| ARM Arm Holdings PLC-ADR | Add +25.2% | 0.75% | +0.03 |
| PCOR Procore Technologies Inc. | Add +15.5% | 1.09% | +0.02 |
| GLBE Global-E Online Ltd. | Add +9.0% | 0.21% | +0.02 |
| UBER Uber Technologies Inc. | Add +1.9% | 1.25% | +0.00 |
| CSGP Costar Group Inc. | Add +2.1% | 1.34% | −0.02 |
| AMD Advanced Micro Devices | Add +1.3% | 1.66% | −0.04 |
| NET Cloudflare Inc. Class A | Add +1.8% | 0.82% | −0.05 |
| APH Amphenol Corp. Class A | Add +5.3% | 2.31% | −0.07 |
| CDNS Cadence Design SYS Inc. | Add +16.7% | 3.67% | −0.09 |
| CGNX Cognex Corp. | Add +12.5% | 1.27% | −0.10 |
| CMG Chipotle Mexican Grill Inc. | Add +2.8% | 0.97% | −0.11 |
| MEDP Medpace Holdings Inc. | Add +11.3% | 0.92% | −0.15 |
| MRNA Moderna Inc. | Add +2.9% | 0.51% | −0.42 |
| GOOG Alphabet Inc. Class C | Add +6.2% | 6.76% | −0.58 |
| LRCX Lam Research Corp. | Add +10.5% | 3.02% | −0.73 |
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 |