Ogborne Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Ogborne Capital Management, LLC reported 11 stock positions worth $303.0 million. Its top holding was Netflix (NFLX) at 23.2% of the portfolio, followed by Meta Platforms Class A (META, 20.7%) and On Class A (ONON, 13.0%). Compared with Q3 2025, it opened 2 new positions, sold out of 1, added to 3 and reduced 6. The biggest buy was On Class A (ONON, shares +156%) and the biggest sale Nvidia (NVDA, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001619083
- Portfolio Value
- $303.0M (Q4 2025)
- SEC Filing
- 0001619083-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 11 stocks · $303.0M
| NFLX Netflix Inc. | 23.21% | 750,000 | $70.3M | Reduce -9.1% |
| META Meta Platforms Inc. Class A | 20.69% | 95,000 | $62.7M | Reduce -24.0% |
| ONON On Holding AG Class A filed as ON HLDG AG | 12.97% | 845,549 | $39.3M | Add +156.2% |
| DASH DoorDash Inc. Class A | 11.21% | 150,000 | $34.0M | Add +328.6% |
| AS Amer Sports Inc. | 7.34% | 595,894 | $22.3M | New |
| ORCL Oracle Corp. | 6.83% | 184,985 | $20.7M | Add +236.3% |
| APP AppLovin Corp. Class A | 6.67% | 30,000 | $20.2M | Reduce -40.0% |
| NVDA Nvidia Corp. | 6.15% | 100,000 | $18.6M | Reduce -66.7% |
| AFRM Affirm Holdings Inc. | 3.68% | 150,000 | $11.2M | Reduce -62.5% |
| TECL Dire Dai Tec Bull 3X ETF-Usd | 0.97% | 25,000 | $2.9M | New |
| SN Sharkninja Inc. | 0.27% | 5,000 | $805K | Reduce -96.7% |
Portfolio Sells Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Reduce -66.7% | 6.15% | −9.10 |
| META Meta Platforms Inc. Class A | Reduce -24.0% | 20.69% | −4.32 |
| AFRM Affirm Holdings Inc. | Reduce -62.5% | 3.68% | −4.28 |
| SN Sharkninja Inc. | Reduce -96.7% | 0.27% | −3.95 |
| NFLX Netflix Inc. | Reduce -9.1% | 23.21% | −3.74 |
| APP AppLovin Corp. Class A | Reduce -40.0% | 6.67% | −3.12 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.20 |
Portfolio Buys Q3 2025 → Q4 2025
Options Activity Q3 2025 → Q4 2025
| NFLX Netflix Inc. | call | Sold out | 1,750,000 | $209.8Mbefore exit |
| META Meta Platforms Inc. Class A | call | Sold out | 100,000 | $73.4Mbefore exit |
| NVDA Nvidia Corp. | call | Sold out | 100,000 | $18.7Mbefore exit |
| ONON On Holding AG Class A | call | Sold out | 300,000 | $12.7Mbefore exit |
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 |
|---|---|---|---|
| Q2 2026 | 11 | $219.2M | GOOGL, NVDA, AMZN, META, NFLX |
| Q1 2026 | 11 | $196.7M | META, NFLX, ONON, DASH, HOOD |
| Q4 2025 | 11 | $303.0M | NFLX, META, ONON, DASH, AS |
| Q3 2025 | 10 | $367.0M | NFLX, META, NVDA, APP, AFRM |
| Q2 2025 | 10 | $403.1M | META, NFLX, NVDA, AFRM, ORCL |
| Q1 2025 | 10 | $260.4M | META, NFLX, ONON, AMZN, RELY |
| Q4 2024 | 13 | $409.6M | META, NFLX, AMZN, ONON, NVDA |
| Q3 2024 | 15 | $354.3M | META, NFLX, ONON, NVDA, AMZN |
| Q2 2024 | 13 | $323.5M | META, NFLX, GOOGL, ONON, TTD |
| Q1 2024Amended | 13 | $398.2M | META, NFLX, CELH, NVDA, TTD |