Penserra Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Penserra Capital Management LLC reported 1,036 stock positions worth $5.6 billion. Its top holding was Broadcom (AVGO) at 2.8% of the portfolio, followed by Northrop Grumman (NOC, 2.5%) and Cisco Systems (CSCO, 2.5%). Compared with Q4 2024, it opened 91 new positions, sold out of 149, added to 439 and reduced 458. The biggest buy was a new position in Ste STR SPDR PT S&P 500 ETF (SPYM) and the biggest sale Broadcom (AVGO, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- ORINDA, CA
- CIK
- 0001593324
- Portfolio Value
- $5.6B (Q1 2025)
- SEC Filing
- 0001593324-25-000006 ↗ filed Apr 29, 2025
Holdings Value
Holdings 1,036 stocks · $5.6B
| AVGO Broadcom Inc. | 2.76% | 923,148 | $154.6M | Reduce -23.4% |
| NOC Northrop Grumman Corp. | 2.48% | 271,261 | $138.9M | Add +18.7% |
| CSCO Cisco Systems Inc. | 2.46% | 2,233,060 | $137.8M | Reduce -6.4% |
| GD General Dynamics Corp. | 2.10% | 430,998 | $117.5M | Add +20.6% |
| PANW Palo Alto Networks Inc. | 1.96% | 645,192 | $110.1M | Add +6.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.90% | 302,265 | $106.6M | Add +0.3% |
| FTNT Fortinet Inc. | 1.76% | 1,024,771 | $98.6M | Reduce -2.6% |
| OKTA Okta Inc. | 1.69% | 902,585 | $95.0M | Add +14.1% |
| ZS Zscaler Inc. | 1.60% | 451,915 | $89.7M | Add +27.4% |
| CHKP Check Point Software Tech | 1.60% | 393,212 | $89.6M | Add +5.6% |
| CYBR Cyberark Software Ltd./Israel | 1.42% | 236,303 | $79.9M | Add +17.3% |
| GEN Gen Digital Inc. | 1.41% | 2,972,160 | $78.9M | Add +33.0% |
| NET Cloudflare Inc. Class A | 1.35% | 671,088 | $75.6M | Reduce -12.1% |
| FFIV F5 Inc. | 1.34% | 281,418 | $74.9M | Add +10.2% |
| QLYS Qualys Inc. | 1.12% | 499,084 | $62.8M | Add +53.3% |
| VRNS Varonis Systems Inc. | 1.11% | 1,542,071 | $62.4M | Add +52.2% |
| S Sentinelone Inc. Class A | 1.10% | 3,378,778 | $61.4M | Add +71.8% |
| RBRK Rubrik Inc. Class A | 1.09% | 1,006,111 | $61.4M | Add +13.4% |
| VGSH Vanguard Short-Term Treasury | 1.09% | 1,044,360 | $61.3M | Add +7.1% |
| TENB Tenable Holdings Inc. | 1.05% | 1,687,589 | $59.0M | Add +47.6% |
| RPD RAPID7 Inc. | 0.89% | 1,880,084 | $49.8M | Add +95.8% |
| PMAR Innovator U.S. Equity Power | 0.87% | 1,215,102 | $48.5M | Add +3.6% |
| PMAY Innovator U.S. Equity Power | 0.87% | 1,355,231 | $48.5M | Add +3.6% |
| PNOV Innovator U.S. Equity Power | 0.86% | 1,294,851 | $48.2M | Add +3.6% |
| PJAN Innovator U.S. Equity Power | 0.86% | 1,156,228 | $47.9M | Add +3.6% |
| PJUN Innovator U.S. Equity Power | 0.85% | 1,294,331 | $47.9M | Add +3.6% |
| PSEP Innovator U.S. Equity Power | 0.85% | 1,238,311 | $47.6M | Add +3.6% |
| PAUG Innovator U.S. Equity Power | 0.85% | 1,258,484 | $47.5M | Add +3.6% |
| POCT Innovator U.S. Equity Power | 0.85% | 1,222,857 | $47.5M | Add +3.6% |
| PFEB Innovator U.S. Equity Power | 0.85% | 1,325,275 | $47.5M | Add +3.6% |
| PJUL Innovator U.S. Equity Power | 0.84% | 1,178,382 | $47.4M | Add +3.6% |
| PAPR Innovator U.S. Equity Power | 0.84% | 1,324,884 | $47.2M | Add +3.6% |
| BSV Vanguard Short-Term Bond ETF | 0.84% | 601,709 | $47.1M | Add +44.9% |
| PDEC Innovator U.S. Equity Power | 0.84% | 1,247,345 | $46.9M | Add +3.6% |
| FSLY Fastly Inc. Class A | 0.81% | 7,177,688 | $45.4M | Add +83.0% |
| ATEN A10 Networks Inc. | 0.74% | 2,539,197 | $41.5M | Add +29.9% |
| QBTS D-Wave Quantum Inc. | 0.69% | 5,068,199 | $38.5M | Add +80.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.68% | 577,646 | $38.0M | New |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.67% | 218,465 | $37.7M | Add +26.7% |
| MCHI iShares MSCI China ETF | 0.57% | 591,734 | $32.2M | Add +80.9% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.56% | 101,180 | $31.3M | Add +7.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.54% | 81,538 | $30.2M | Reduce -15.9% |
| PDD PDD Holdings Inc. | 0.51% | 239,671 | $28.4M | Reduce -4.6% |
| TIP iShares Tips Bond ETF | 0.48% | 239,975 | $26.7M | New |
| XCEM Columbia Em Core Ex-China | 0.46% | 866,460 | $25.6M | Add +104.2% |
| VCIT Vanguard Int-Term Corporate | 0.45% | 310,333 | $25.4M | Add +5.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.44% | 53,180 | $24.9M | New |
| BABA Alibaba Group Holding-SP ADR | 0.44% | 186,610 | $24.7M | Add +43.2% |
| V Visa Inc. Class A | 0.42% | 67,404 | $23.6M | Reduce -16.2% |
| MA Mastercard Inc. Class A | 0.40% | 40,908 | $22.4M | Reduce -11.9% |
| SE Sea Ltd.-ADR | 0.38% | 161,736 | $21.1M | Add +1.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 84,668 | $21.1M | Add +29.0% |
| RTX RTX Corp. | 0.37% | 156,015 | $20.7M | Add +38.5% |
| MELI MercadoLibre Inc. | 0.35% | 10,104 | $19.7M | Add +1.1% |
| INTC Intel Corp. | 0.35% | 861,150 | $19.6M | Add +33.3% |
| VYM Vanguard High DVD Yield ETF | 0.35% | 151,537 | $19.5M | New |
| NOK Nokia Corp.-Spon ADR | 0.35% | 3,707,857 | $19.5M | Add +41.0% |
| AMD Advanced Micro Devices | 0.34% | 186,603 | $19.2M | Add +59.9% |
| THQ Abrdn Healthcare Opport | 0.34% | 926,739 | $19.1M | Add +281.6% |
| PLTR Palantir Technologies Inc. Class A | 0.34% | 225,698 | $19.0M | Add +14.4% |
| PYPL PayPal Holdings Inc. | 0.34% | 291,752 | $19.0M | Add +1.3% |
| NVDA Nvidia Corp. | 0.34% | 173,908 | $18.8M | Reduce -14.4% |
| CBRE GBL REAL ESTATE INC FD | 0.33% | 3,587,307 | $18.5M | Add +4.6% |
| QCOM Qualcomm Inc. | 0.33% | 119,214 | $18.3M | Add +27.9% |
| FISV Fiserv Inc. | 0.32% | 82,334 | $18.2M | Reduce -14.0% |
| MSFT Microsoft Corp. | 0.32% | 48,130 | $18.1M | Add +1.7% |
| GOOGL Alphabet Inc. Class A | 0.32% | 116,523 | $18.0M | Add +8.2% |
| LRCX Lam Research Corp. | 0.32% | 245,250 | $17.8M | Add +32.6% |
| BMAR Innovator U.S. Equity Buffer | 0.32% | 388,492 | $17.7M | Add +17.2% |
| BMAY Innovator U.S. Equity Buffer | 0.31% | 443,884 | $17.6M | Add +17.2% |
| KLAC KLA Corp. | 0.31% | 25,859 | $17.6M | Add +37.3% |
| BNOV Innovator U.S. Equity Buffer | 0.31% | 460,096 | $17.6M | Add +17.2% |
| WDI Western Asset Divers Inc. | 0.31% | 1,215,894 | $17.6M | Add +3.3% |
| RGTI Rigetti Computing Inc. | 0.31% | 2,215,671 | $17.5M | Add +41.0% |
| BJAN Innovator U.S. Equity Buffer | 0.31% | 375,899 | $17.5M | Add +17.2% |
| BJUN Innovator U.S. Equity Buffer | 0.31% | 429,979 | $17.4M | Add +17.2% |
| BAUG Innovator U.S. Equity Buffer | 0.31% | 408,985 | $17.4M | Add +17.2% |
| BSEP Innovator U.S. Equity Buffer | 0.31% | 415,270 | $17.3M | Add +17.2% |
| BFEB Innovator U.S. Equity Buffer | 0.31% | 417,232 | $17.3M | Add +17.2% |
| BOCT Innovator U.S. Equity Buffer | 0.31% | 412,085 | $17.3M | Add +17.2% |
| BJUL Innovator U.S. Equity Buffer | 0.31% | 400,143 | $17.3M | Add +17.2% |
| TXN Texas Instruments Inc. | 0.31% | 96,066 | $17.3M | Add +31.5% |
| HON Honeywell International Inc. | 0.31% | 81,456 | $17.2M | Add +41.8% |
| JFR Nuveen Floating Rate Income | 0.31% | 2,024,724 | $17.1M | Add +2.7% |
| MU Micron Technology Inc. | 0.31% | 197,253 | $17.1M | Add +22.4% |
| BAPR Innovator U.S. Equity Buffer | 0.31% | 403,161 | $17.1M | Add +17.2% |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS | 0.30% | 1,283,490 | $17.1M | Add +0.4% |
| ACP Abrdn Income Credit Strat | 0.30% | 2,892,469 | $17.0M | New |
| BDEC Innovator U.S. Equity Buffer | 0.30% | 406,838 | $17.0M | Add +17.2% |
| BIDU Baidu Inc. - Spon ADR | 0.30% | 182,966 | $16.8M | Add +41.0% |
| SNOW Snowflake Inc. | 0.30% | 115,063 | $16.8M | Add +35.0% |
| AXP American Express Co. | 0.30% | 62,455 | $16.8M | Reduce -12.5% |
| BMEZ BlackRock HLTH Sci TRM TR II | 0.30% | 1,122,813 | $16.7M | Add +7.8% |
| ECAT BlackRock ESG Cap All TRM TR | 0.30% | 1,054,779 | $16.6M | Add +8.7% |
| FAX Abrdn Asia-Pacific Income | 0.30% | 1,056,015 | $16.6M | Add +1.4% |
| XAODX Abrdn Total Dynamic Dividend | 0.29% | 1,967,001 | $16.5M | New |
| LMT Lockheed Martin Corp. | 0.29% | 36,823 | $16.4M | Add +42.2% |
| HQH Abrdn Healthcare Investors | 0.29% | 1,008,526 | $16.4M | Add +8.5% |
| BCAT BlackRock Capital Alloc TR | 0.29% | 1,136,511 | $16.4M | Add +9.7% |
| JNPR Juniper Networks Inc. | 0.29% | 452,193 | $16.4M | Add +39.3% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $7.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 71,038 | $3.4M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 44,995 | $3.3M | Reduce -33.0% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 12,343 | $301K | Add +19.8% |
Total filed on the 13F, all lines: $5.6B.
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -23.4% | 2.76% | −2.36 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −1.21 |
| LDOS Leidos Holdings Inc. | Reduce -99.4% | 0.01% | −1.18 |
| BAH Booz Allen Hamilton Holdings | Reduce -78.1% | 0.23% | −1.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -60.6% | 0.22% | −0.38 |
| VCLT Vanguard Long-Term Corp. Bond | Sold out | 0.00% | −0.32 |
| MBB iShares MBS ETF | Sold out | 0.00% | −0.31 |
| DFS Discover Financial Services | Reduce -98.5% | 0.00% | −0.26 |
| XFRAX BlackRock Fltng RT Inc. Strat | Sold out | 0.00% | −0.26 |
| XJQCX Nuveen Credit Strategies Inc. | Reduce -70.5% | 0.09% | −0.24 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.23 |
| IWP iShares Russell Mid-Cap Grow | Sold out | 0.00% | −0.21 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Sold out | 0.00% | −0.20 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −0.20 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.20 |
| AAPL Apple Inc. | Reduce -55.9% | 0.12% | −0.20 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -15.9% | 0.54% | −0.19 |
| AFRM Affirm Holdings Inc. | Reduce -23.1% | 0.22% | −0.18 |
| BRW Saba Capital Income & Opport | Sold out | 0.00% | −0.18 |
| NVDA Nvidia Corp. | Reduce -14.4% | 0.34% | −0.16 |
| BGT BlackRock Fltng RT Inc. TR | Sold out | 0.00% | −0.16 |
| NET Cloudflare Inc. Class A | Reduce -12.1% | 1.35% | −0.16 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.15 |
| COWS Amplify CSH FLW DVD LDRS ETF | Sold out | 0.00% | −0.15 |
| MSTR Strategy Inc. | Reduce -97.0% | 0.00% | −0.15 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -31.8% | 0.23% | −0.15 |
| XYZ Block Inc. | Reduce -4.8% | 0.19% | −0.13 |
| CSCO Cisco Systems Inc. | Reduce -6.4% | 2.46% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -53.2% | 0.08% | −0.12 |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | Reduce -57.6% | 0.09% | −0.12 |
| ZTR Virtus Total Return Fund Inc. | Reduce -57.7% | 0.08% | −0.11 |
| KYN Kayne Anderson Energy Infra | Sold out | 0.00% | −0.11 |
| SABA Saba Capital Income & Opp II | Sold out | 0.00% | −0.10 |
| HYT BlackRock Corp. Hi YLD | Sold out | 0.00% | −0.10 |
| NML Neuberger Energy Infrastruct | Sold out | 0.00% | −0.10 |
| ETV Eaton Vance T/M Buy-Writ Opp | Sold out | 0.00% | −0.10 |
| DSU BlackRock Debt Strategies | Sold out | 0.00% | −0.10 |
| ISD Pgim High Yield Bond Fund | Sold out | 0.00% | −0.10 |
| BGB Blackstone Strategic Credit | Sold out | 0.00% | −0.09 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -12.7% | 0.19% | −0.09 |
| TSLA Tesla Inc. | Reduce -30.9% | 0.07% | −0.09 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Sold out | 0.00% | −0.09 |
| AXP American Express Co. | Reduce -12.5% | 0.30% | −0.09 |
| ASG Liberty All-Star Growth FD | Sold out | 0.00% | −0.09 |
| GUG Guggenheim Active Allocation | Sold out | 0.00% | −0.09 |
| FCT First Trust SNR FL RT Inc. II | Reduce -53.3% | 0.06% | −0.08 |
| XHB SS SPDR S&P Homebldrs ETF | Sold out | 0.00% | −0.08 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.07 |
| FDN First Trust DJ Internet Ind | Sold out | 0.00% | −0.07 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.68% | +0.68 |
| OKTA Okta Inc. | Add +14.1% | 1.69% | +0.55 |
| NOC Northrop Grumman Corp. | Add +18.7% | 2.48% | +0.51 |
| TIP iShares Tips Bond ETF | New | 0.48% | +0.48 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.44% | +0.44 |
| ZS Zscaler Inc. | Add +27.4% | 1.60% | +0.43 |
| GD General Dynamics Corp. | Add +20.6% | 2.10% | +0.37 |
| VYM Vanguard High DVD Yield ETF | New | 0.35% | +0.35 |
| CHKP Check Point Software Tech | Add +5.6% | 1.60% | +0.33 |
| ACP Abrdn Income Credit Strat | New | 0.30% | +0.30 |
| S Sentinelone Inc. Class A | Add +71.8% | 1.10% | +0.30 |
| XAODX Abrdn Total Dynamic Dividend | New | 0.29% | +0.29 |
| MCHI iShares MSCI China ETF | Add +80.9% | 0.57% | +0.29 |
| VRNS Varonis Systems Inc. | Add +52.2% | 1.11% | +0.29 |
| GEN Gen Digital Inc. | Add +33.0% | 1.41% | +0.29 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | New | 0.29% | +0.29 |
| QLYS Qualys Inc. | Add +53.3% | 1.12% | +0.28 |
| VVR Invesco Senior Income Trust | New | 0.27% | +0.27 |
| SPMD SS SPDR P S&P 400 Midcap ETF | New | 0.27% | +0.27 |
| GLDM SPDR Gold Minishares Trust | New | 0.27% | +0.27 |
| THQ Abrdn Healthcare Opport | Add +281.6% | 0.34% | +0.26 |
| QBTS D-Wave Quantum Inc. | Add +80.1% | 0.69% | +0.25 |
| BSV Vanguard Short-Term Bond ETF | Add +44.9% | 0.84% | +0.25 |
| HYLB Xtrackers Usd High Yield Cor | New | 0.25% | +0.25 |
| BABA Alibaba Group Holding-SP ADR | Add +43.2% | 0.44% | +0.24 |
| TENB Tenable Holdings Inc. | Add +47.6% | 1.05% | +0.23 |
| XCEM Columbia Em Core Ex-China | Add +104.2% | 0.46% | +0.23 |
| THW Abrdn World Healthcare Fund | New | 0.21% | +0.21 |
| IFN Aberdeen India Fund Inc. | Add +260.0% | 0.27% | +0.20 |
| CYBR Cyberark Software Ltd./Israel | Add +17.3% | 1.42% | +0.20 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 0.19% | +0.19 |
| RPD RAPID7 Inc. | Add +95.8% | 0.89% | +0.18 |
| FFIV F5 Inc. | Add +10.2% | 1.34% | +0.16 |
| NCV Virtus Convertible & Income | New | 0.14% | +0.14 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +26.7% | 0.67% | +0.14 |
| NOK Nokia Corp.-Spon ADR | Add +41.0% | 0.35% | +0.14 |
| FSLY Fastly Inc. Class A | Add +83.0% | 0.81% | +0.13 |
| RTX RTX Corp. | Add +38.5% | 0.37% | +0.13 |
| XAGDX Abrdn GLBL DYNM Divid | New | 0.12% | +0.12 |
| INTC Intel Corp. | Add +33.3% | 0.35% | +0.11 |
| IBM Intl Business Machines Corp. | Add +29.0% | 0.38% | +0.11 |
| RELY Remitly Global Inc. | Add +448.2% | 0.14% | +0.11 |
| BIDU Baidu Inc. - Spon ADR | Add +41.0% | 0.30% | +0.10 |
| KLAC KLA Corp. | Add +37.3% | 0.31% | +0.10 |
| BCX BlackRock Resources & Commod | New | 0.09% | +0.09 |
| BDJ BlackRock Enhanced Eqty DVD | New | 0.09% | +0.09 |
| TYG Tortoise Energy Infrastruct | New | 0.09% | +0.09 |
| PEO Adams Natural Resources Fund | New | 0.08% | +0.08 |
| AMD Advanced Micro Devices | Add +59.9% | 0.34% | +0.08 |
| ATEN A10 Networks Inc. | Add +29.9% | 0.74% | +0.08 |
Notes & Other Activity Q4 2024 → Q1 2025
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | New | 71,038 | $3.4M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -33.0% | 44,995 | $3.3M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +19.8% | 12,343 | $301K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,124 | $13.0B | AVGO, CSCO, NET, NOC, PANW |
| Q1 2026 | 1,092 | $8.5B | AVGO, CSCO, NET, NOC, PANW |
| Q4 2025 | 1,059 | $8.4B | AVGO, CSCO, NOC, NET, PANW |
| Q3 2025 | 1,030 | $8.4B | AVGO, CSCO, NOC, NET, CRWD |
| Q2 2025 | 1,019 | $7.2B | AVGO, CSCO, NET, NOC, CRWD |
| Q1 2025 | 1,036 | $5.6B | AVGO, NOC, CSCO, GD, PANW |
| Q4 2024 | 1,092 | $5.5B | AVGO, CSCO, PANW, NOC, CRWD |
| Q3 2024 | 1,136 | $4.6B | AVGO, CSCO, PANW, RSP, NOC |
| Q2 2024 | 1,250 | $7.9B | UNH, MSFT, AAPL, V, CSCO |
| Q1 2024 | 1,237 | $8.0B | AVGO, CSCO, V, MSFT, HD |