Penserra Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), Penserra Capital Management LLC reported 1,019 stock positions worth $7.2 billion. Its top holding was Broadcom (AVGO) at 3.6% of the portfolio, followed by Cisco Systems (CSCO, 2.5%) and Cloudflare Class A (NET, 2.0%). Compared with Q1 2025, it opened 123 new positions, sold out of 141, added to 445 and reduced 308. The biggest buy was a new position in Radware (RDWR) and the biggest sale an exit from Fastly Class A (FSLY).
- Most Recent 13F
- Q2 2026
- Location
- ORINDA, CA
- CIK
- 0001593324
- Portfolio Value
- $7.2B (Q2 2025)
- SEC Filing
- 0001593324-25-000007 ↗ filed Aug 6, 2025
Holdings Value
Holdings 1,019 stocks · $7.2B
| AVGO Broadcom Inc. | 3.63% | 943,262 | $260.0M | Add +2.2% |
| CSCO Cisco Systems Inc. | 2.50% | 2,574,839 | $178.6M | Add +15.3% |
| NET Cloudflare Inc. Class A | 2.05% | 748,107 | $146.5M | Add +11.5% |
| NOC Northrop Grumman Corp. | 1.91% | 273,681 | $136.8M | Add +0.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.85% | 260,246 | $132.5M | Reduce -13.9% |
| PANW Palo Alto Networks Inc. | 1.85% | 646,224 | $132.2M | Add +0.2% |
| GD General Dynamics Corp. | 1.66% | 406,534 | $118.6M | Reduce -5.7% |
| FTNT Fortinet Inc. | 1.64% | 1,109,278 | $117.3M | Add +8.3% |
| ZS Zscaler Inc. | 1.61% | 365,993 | $114.9M | Reduce -19.0% |
| CYBR Cyberark Software Ltd./Israel | 1.47% | 258,107 | $105.0M | Add +9.2% |
| FFIV F5 Inc. | 1.43% | 346,896 | $102.1M | Add +23.3% |
| GEN Gen Digital Inc. | 1.31% | 3,192,465 | $93.9M | Add +7.4% |
| CHKP Check Point Software Tech | 1.27% | 411,137 | $91.0M | Add +4.6% |
| OKTA Okta Inc. | 1.23% | 881,233 | $88.1M | Reduce -2.4% |
| RDWR Radware Ltd. | 1.19% | 2,885,913 | $85.0M | New |
| RBRK Rubrik Inc. Class A | 1.17% | 936,786 | $83.9M | Reduce -6.9% |
| VRNS Varonis Systems Inc. | 1.14% | 1,613,303 | $81.9M | Add +4.6% |
| S Sentinelone Inc. Class A | 1.14% | 4,450,644 | $81.4M | Add +31.7% |
| QLYS Qualys Inc. | 1.09% | 545,380 | $77.9M | Add +9.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.09% | 1,068,772 | $77.7M | Add +85.0% |
| ATEN A10 Networks Inc. | 1.07% | 3,964,989 | $76.7M | Add +56.1% |
| TENB Tenable Holdings Inc. | 1.06% | 2,249,740 | $76.0M | Add +33.3% |
| NVDA Nvidia Corp. | 0.97% | 441,085 | $69.7M | Add +153.6% |
| ORCL Oracle Corp. | 0.90% | 293,861 | $64.2M | Add +161.6% |
| RPD RAPID7 Inc. | 0.88% | 2,731,192 | $63.2M | Add +45.3% |
| PJUL Innovator U.S. Equity Power | 0.84% | 1,370,809 | $60.1M | Add +16.3% |
| PJUN Innovator U.S. Equity Power | 0.83% | 1,493,506 | $59.4M | Add +15.4% |
| PAUG Innovator U.S. Equity Power | 0.82% | 1,457,662 | $59.0M | Add +15.8% |
| PJAN Innovator U.S. Equity Power | 0.82% | 1,334,566 | $58.8M | Add +15.4% |
| PDEC Innovator U.S. Equity Power | 0.82% | 1,465,981 | $58.7M | Add +17.5% |
| POCT Innovator U.S. Equity Power | 0.82% | 1,420,155 | $58.7M | Add +16.1% |
| PFEB Innovator U.S. Equity Power | 0.82% | 1,542,531 | $58.6M | Add +16.4% |
| PSEP Innovator U.S. Equity Power | 0.82% | 1,433,715 | $58.6M | Add +15.8% |
| PNOV Innovator U.S. Equity Power | 0.82% | 1,483,262 | $58.6M | Add +14.6% |
| PMAR Innovator U.S. Equity Power | 0.82% | 1,385,567 | $58.5M | Add +14.0% |
| PMAY Innovator U.S. Equity Power | 0.82% | 1,546,071 | $58.4M | Add +14.1% |
| PAPR Innovator U.S. Equity Power | 0.81% | 1,551,834 | $57.9M | Add +17.1% |
| BSV Vanguard Short-Term Bond ETF | 0.71% | 648,142 | $51.0M | Add +7.7% |
| XCEM Columbia Em Core Ex-China | 0.63% | 1,319,497 | $45.1M | Add +52.3% |
| MRVL Marvell Technology Inc. | 0.57% | 524,370 | $40.6M | Add +147.6% |
| QCOM Qualcomm Inc. | 0.55% | 248,740 | $39.6M | Add +108.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.55% | 222,603 | $39.3M | Add +1.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.55% | 89,089 | $39.1M | Add +9.3% |
| BIV Vanguard Intermediate-Term B | 0.51% | 473,571 | $36.6M | Add +152.8% |
| VPL Vanguard Ftse Pacific ETF | 0.50% | 434,635 | $35.7M | Add +93.2% |
| ARM Arm Holdings PLC-ADR | 0.50% | 220,504 | $35.7M | New |
| VGK Vanguard Ftse Europe ETF | 0.49% | 449,589 | $34.8M | Add +94.7% |
| JNPR Juniper Networks Inc. | 0.45% | 800,254 | $32.0M | Add +77.0% |
| AAPL Apple Inc. | 0.44% | 154,586 | $31.7M | Add +405.3% |
| AMD Advanced Micro Devices | 0.43% | 218,195 | $31.0M | Add +16.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.41% | 53,091 | $29.3M | Reduce -0.2% |
| NOK Nokia Corp.-Spon ADR | 0.41% | 5,623,955 | $29.1M | Add +51.7% |
| VCIT Vanguard Int-Term Corporate | 0.37% | 318,504 | $26.4M | Add +2.6% |
| ARQQ Arqit Quantum Inc. | 0.37% | 712,306 | $26.4M | New |
| SNOW Snowflake Inc. | 0.36% | 115,447 | $25.8M | Add +0.3% |
| MSFT Microsoft Corp. | 0.36% | 51,625 | $25.7M | Add +7.3% |
| GOOGL Alphabet Inc. Class A | 0.35% | 143,010 | $25.2M | Add +22.7% |
| MU Micron Technology Inc. | 0.35% | 204,381 | $25.2M | Add +3.6% |
| LRCX Lam Research Corp. | 0.34% | 250,963 | $24.4M | Add +2.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 80,998 | $23.9M | Reduce -4.3% |
| AFRM Affirm Holdings Inc. | 0.33% | 339,483 | $23.5M | Add +22.7% |
| NTNX Nutanix Inc. Class A | 0.32% | 299,038 | $22.9M | Add +743.7% |
| CRM Salesforce Inc. | 0.32% | 82,760 | $22.6M | Add +726.4% |
| BLV Vanguard Long-Term Bond ETF | 0.32% | 324,294 | $22.6M | New |
| TXN Texas Instruments Inc. | 0.31% | 107,928 | $22.4M | Add +12.3% |
| HPE Hewlett Packard Enterprise | 0.31% | 1,095,375 | $22.4M | Add +37.1% |
| INTC Intel Corp. | 0.31% | 980,924 | $22.0M | Add +13.9% |
| PLTR Palantir Technologies Inc. Class A | 0.31% | 160,971 | $21.9M | Reduce -28.7% |
| CLS Celestica Inc. | 0.30% | 139,664 | $21.8M | Add +414.1% |
| HON Honeywell International Inc. | 0.30% | 92,898 | $21.6M | Add +14.1% |
| RTX RTX Corp. | 0.30% | 148,076 | $21.6M | Reduce -5.1% |
| SHV iShares 0-1 Year Treasury Bo | 0.30% | 195,248 | $21.6M | New |
| ANET Arista Networks Inc. | 0.30% | 208,349 | $21.3M | Add +447.1% |
| AMAT Applied Materials Inc. | 0.30% | 116,381 | $21.3M | Add +16.9% |
| LMT Lockheed Martin Corp. | 0.30% | 45,855 | $21.2M | Add +24.5% |
| VGSH Vanguard Short-Term Treasury | 0.30% | 361,126 | $21.2M | Reduce -65.4% |
| COHR Coherent Corp. | 0.30% | 237,254 | $21.2M | Add +50.7% |
| KLAC KLA Corp. | 0.29% | 23,417 | $21.0M | Reduce -9.4% |
| IONQ Ionq Inc. | 0.29% | 487,133 | $20.9M | Reduce -11.1% |
| PYPL PayPal Holdings Inc. | 0.29% | 280,846 | $20.9M | Reduce -3.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 92,066 | $20.9M | Add +9.6% |
| SNPS Synopsys Inc. | 0.29% | 40,582 | $20.8M | Add +20.0% |
| V Visa Inc. Class A | 0.29% | 58,100 | $20.6M | Reduce -13.8% |
| MKSI MKS Inc. | 0.29% | 206,461 | $20.5M | Add +43.4% |
| CDNS Cadence Design SYS Inc. | 0.29% | 66,319 | $20.4M | Add +18.1% |
| FXI iShares China Large-Cap ETF | 0.29% | 555,824 | $20.4M | New |
| ACN Accenture PLC Class A | 0.28% | 68,104 | $20.4M | Add +30.1% |
| TSEM Tower Semiconductor Ltd. | 0.28% | 468,481 | $20.3M | Add +40.6% |
| RGTI Rigetti Computing Inc. | 0.28% | 1,701,241 | $20.2M | Reduce -23.2% |
| TER Teradyne Inc. | 0.28% | 222,836 | $20.0M | Add +62.9% |
| BAH Booz Allen Hamilton Holdings | 0.28% | 192,152 | $20.0M | Add +58.6% |
| MDB Mongodb Inc. | 0.28% | 95,058 | $20.0M | Add +36.0% |
| MA Mastercard Inc. Class A | 0.28% | 35,289 | $19.8M | Reduce -13.7% |
| AXP American Express Co. | 0.28% | 62,111 | $19.8M | Reduce -0.6% |
| ADI Analog Devices Inc. | 0.28% | 83,202 | $19.8M | Add +10.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.28% | 24,659 | $19.8M | Add +7.7% |
| MCHP Microchip Technology Inc. | 0.28% | 280,752 | $19.8M | Add +4.6% |
| ON On Semiconductor | 0.28% | 375,795 | $19.7M | Add +54.9% |
| STM Stmicroelectronics NV-NY SHS | 0.28% | 647,080 | $19.7M | Add +3.9% |
| CRUS Cirrus Logic Inc. | 0.27% | 188,360 | $19.6M | Add +22.9% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $13.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 86,332 | $4.6M | Add +21.5% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 82,496 | $4.4M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 57,277 | $4.3M | Add +27.3% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 11,728 | $277K | Reduce -5.0% |
Total filed on the 13F, all lines: $7.2B.
Portfolio Sells Q1 2025 → Q2 2025
| FSLY Fastly Inc. Class A | Sold out | 0.00% | −0.81 |
| VGSH Vanguard Short-Term Treasury | Reduce -65.4% | 0.30% | −0.80 |
| MCHI iShares MSCI China ETF | Sold out | 0.00% | −0.57 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Sold out | 0.00% | −0.56 |
| PDD PDD Holdings Inc. | Reduce -95.8% | 0.01% | −0.49 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.48 |
| OKTA Okta Inc. | Reduce -2.4% | 1.23% | −0.46 |
| QBTS D-Wave Quantum Inc. | Reduce -76.9% | 0.24% | −0.45 |
| GD General Dynamics Corp. | Reduce -5.7% | 1.66% | −0.44 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.35 |
| SE Sea Ltd.-ADR | Reduce -84.1% | 0.06% | −0.32 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Sold out | 0.00% | −0.29 |
| MELI MercadoLibre Inc. | Reduce -77.8% | 0.08% | −0.27 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.22 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -83.9% | 0.04% | −0.22 |
| CPNG Coupang Inc. | Reduce -92.7% | 0.02% | −0.21 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Sold out | 0.00% | −0.19 |
| BABA Alibaba Group Holding-SP ADR | Reduce -13.9% | 0.25% | −0.19 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −0.16 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.16 |
| V Visa Inc. Class A | Reduce -13.8% | 0.29% | −0.13 |
| MA Mastercard Inc. Class A | Reduce -13.7% | 0.28% | −0.12 |
| GRAB Grab Holdings Ltd. Class A | Sold out | 0.00% | −0.10 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -27.8% | 0.14% | −0.09 |
| GLDM SPDR Gold Minishares Trust | Reduce -19.8% | 0.18% | −0.09 |
| FIS Fidelity National Info Serv | Reduce -21.4% | 0.18% | −0.09 |
| BMAY Innovator U.S. Equity Buffer | Reduce -7.8% | 0.24% | −0.07 |
| BMAR Innovator U.S. Equity Buffer | Reduce -8.4% | 0.24% | −0.07 |
| MMYT Makemytrip Ltd. | Reduce -79.3% | 0.01% | −0.07 |
| BNOV Innovator U.S. Equity Buffer | Reduce -8.0% | 0.24% | −0.07 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.07 |
| BJAN Innovator U.S. Equity Buffer | Reduce -7.6% | 0.24% | −0.07 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.07 |
| TSLA Tesla Inc. | Reduce -98.4% | 0.00% | −0.07 |
| PPA Invesco Aerospace & Defense | Sold out | 0.00% | −0.07 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.07 |
| RTX RTX Corp. | Reduce -5.1% | 0.30% | −0.07 |
| BJUN Innovator U.S. Equity Buffer | Reduce -7.1% | 0.24% | −0.07 |
| BFEB Innovator U.S. Equity Buffer | Reduce -6.4% | 0.24% | −0.07 |
| BSEP Innovator U.S. Equity Buffer | Reduce -6.8% | 0.24% | −0.07 |
| BAPR Innovator U.S. Equity Buffer | Reduce -5.5% | 0.24% | −0.06 |
| RELY Remitly Global Inc. | Reduce -26.2% | 0.07% | −0.06 |
| BOCT Innovator U.S. Equity Buffer | Reduce -6.6% | 0.24% | −0.06 |
| BAUG Innovator U.S. Equity Buffer | Reduce -6.7% | 0.25% | −0.06 |
| RDDT Reddit Inc. Class A | Reduce -98.3% | 0.00% | −0.06 |
| WEX Wex Inc. | Reduce -13.8% | 0.11% | −0.06 |
| BJUL Innovator U.S. Equity Buffer | Reduce -6.4% | 0.25% | −0.06 |
| CPAY Corpay Inc. | Reduce -1.7% | 0.17% | −0.06 |
| LQDT Liquidity Services Inc. | Reduce -37.0% | 0.04% | −0.06 |
| BDEC Innovator U.S. Equity Buffer | Reduce -4.9% | 0.24% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| RDWR Radware Ltd. | New | 1.19% | +1.19 |
| AVGO Broadcom Inc. | Add +2.2% | 3.63% | +0.88 |
| NET Cloudflare Inc. Class A | Add +11.5% | 2.05% | +0.70 |
| NVDA Nvidia Corp. | Add +153.6% | 0.97% | +0.64 |
| ORCL Oracle Corp. | Add +161.6% | 0.90% | +0.62 |
| ARM Arm Holdings PLC-ADR | New | 0.50% | +0.50 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +85.0% | 1.09% | +0.41 |
| ARQQ Arqit Quantum Inc. | New | 0.37% | +0.37 |
| MRVL Marvell Technology Inc. | Add +147.6% | 0.57% | +0.33 |
| ATEN A10 Networks Inc. | Add +56.1% | 1.07% | +0.33 |
| AAPL Apple Inc. | Add +405.3% | 0.44% | +0.32 |
| BLV Vanguard Long-Term Bond ETF | New | 0.32% | +0.32 |
| SHV iShares 0-1 Year Treasury Bo | New | 0.30% | +0.30 |
| FXI iShares China Large-Cap ETF | New | 0.29% | +0.29 |
| NTNX Nutanix Inc. Class A | Add +743.7% | 0.32% | +0.28 |
| QUBT Quantum Computing Inc. | New | 0.27% | +0.27 |
| CRM Salesforce Inc. | Add +726.4% | 0.32% | +0.27 |
| CLS Celestica Inc. | Add +414.1% | 0.30% | +0.27 |
| BIV Vanguard Intermediate-Term B | Add +152.8% | 0.51% | +0.26 |
| ANET Arista Networks Inc. | Add +447.1% | 0.30% | +0.25 |
| CRDO Credo Technology Group Holdi | New | 0.23% | +0.23 |
| DDOG Datadog Inc. Class A | Add +2302.4% | 0.24% | +0.23 |
| QCOM Qualcomm Inc. | Add +108.7% | 0.55% | +0.23 |
| ASTS Ast Spacemobile Inc. | Add +320.5% | 0.26% | +0.22 |
| VPL Vanguard Ftse Pacific ETF | Add +93.2% | 0.50% | +0.21 |
| VGK Vanguard Ftse Europe ETF | Add +94.7% | 0.49% | +0.20 |
| VWO Vanguard Ftse Emerging Marke | New | 0.19% | +0.19 |
| VISN Vistance Networks Inc. | New | 0.19% | +0.19 |
| CALX Calix Inc. | New | 0.19% | +0.19 |
| VSAT Viasat Inc. | Add +328.7% | 0.23% | +0.18 |
| XCEM Columbia Em Core Ex-China | Add +52.3% | 0.63% | +0.17 |
| BND Vanguard Total Bond Market | New | 0.16% | +0.16 |
| MTSI Macom Technology Solutions H | New | 0.16% | +0.16 |
| JNPR Juniper Networks Inc. | Add +77.0% | 0.45% | +0.15 |
| TLT iShares 20+ Year Treasury BD | New | 0.15% | +0.15 |
| KD Kyndryl Holdings Inc. | New | 0.15% | +0.15 |
| NTAP Netapp Inc. | Add +1014.0% | 0.17% | +0.15 |
| CIEN Ciena Corp. | Add +316.5% | 0.19% | +0.15 |
| QRVO Qorvo Inc. | New | 0.15% | +0.15 |
| ERIC Ericsson (lm) Tel-SP ADR | New | 0.15% | +0.15 |
| EXTR Extreme Networks Inc. | New | 0.15% | +0.15 |
| KEYS Keysight Technologies Inc. | Add +7381.1% | 0.14% | +0.14 |
| DT Dynatrace Inc. | New | 0.14% | +0.14 |
| NTCT Netscout Systems Inc. | New | 0.14% | +0.14 |
| T AT&T Inc. | Add +703.5% | 0.16% | +0.13 |
| IRDM Iridium Communications Inc. | Add +352.1% | 0.18% | +0.13 |
| NABL N-Able Inc. | New | 0.13% | +0.13 |
| MXL Maxlinear Inc. | New | 0.13% | +0.13 |
| SWKS Skyworks Solutions Inc. | Add +1885.4% | 0.14% | +0.13 |
| DOX Amdocs Ltd. | New | 0.13% | +0.13 |
Notes & Other Activity Q1 2025 → Q2 2025
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +21.5% | 86,332 | $4.6M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 82,496 | $4.4M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +27.3% | 57,277 | $4.3M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Reduce -5.0% | 11,728 | $277K |
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 |