Penserra Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Penserra Capital Management LLC reported 1,030 stock positions worth $8.4 billion. Its top holding was Broadcom (AVGO) at 3.4% of the portfolio, followed by Cisco Systems (CSCO, 2.0%) and Northrop Grumman (NOC, 1.9%). Compared with Q2 2025, it opened 88 new positions, sold out of 77, added to 544 and reduced 225. The biggest buy was a new position in Fastly Class A (FSLY) and the biggest sale Cisco Systems (CSCO, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- ORINDA, CA
- CIK
- 0001593324
- Portfolio Value
- $8.4B (Q3 2025)
- SEC Filing
- 0001593324-25-000009 ↗ filed Nov 4, 2025
Holdings Value
Holdings 1,030 stocks · $8.4B
| AVGO Broadcom Inc. | 3.42% | 866,057 | $285.7M | Reduce -8.2% |
| CSCO Cisco Systems Inc. | 2.04% | 2,487,146 | $170.2M | Reduce -3.4% |
| NOC Northrop Grumman Corp. | 1.88% | 257,028 | $156.6M | Reduce -6.1% |
| NET Cloudflare Inc. Class A | 1.73% | 674,821 | $144.8M | Reduce -9.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.71% | 291,929 | $143.2M | Add +12.2% |
| PANW Palo Alto Networks Inc. | 1.63% | 668,312 | $136.1M | Add +3.4% |
| GD General Dynamics Corp. | 1.47% | 360,839 | $123.0M | Reduce -11.2% |
| FTNT Fortinet Inc. | 1.37% | 1,356,122 | $114.0M | Add +22.3% |
| ZS Zscaler Inc. | 1.28% | 355,644 | $106.6M | Reduce -2.8% |
| CYBR Cyberark Software Ltd./Israel | 1.23% | 212,321 | $102.6M | Reduce -17.7% |
| FFIV F5 Inc. | 1.20% | 310,750 | $100.4M | Reduce -10.4% |
| CHKP Check Point Software Tech | 1.16% | 468,954 | $97.0M | Add +14.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.11% | 1,186,674 | $93.0M | Add +11.0% |
| NVDA Nvidia Corp. | 1.01% | 450,175 | $84.0M | Add +2.1% |
| OKTA Okta Inc. | 1.01% | 915,886 | $84.0M | Add +3.9% |
| GEN Gen Digital Inc. | 0.99% | 2,920,905 | $82.9M | Reduce -8.5% |
| ORCL Oracle Corp. | 0.94% | 277,664 | $78.1M | Reduce -5.5% |
| RBRK Rubrik Inc. Class A | 0.92% | 931,524 | $76.6M | Reduce -0.6% |
| VGSH Vanguard Short-Term Treasury | 0.89% | 1,266,655 | $74.5M | Add +250.8% |
| RGTI Rigetti Computing Inc. | 0.87% | 2,445,818 | $72.9M | Add +43.8% |
| VRNS Varonis Systems Inc. | 0.87% | 1,267,222 | $72.8M | Reduce -21.4% |
| S Sentinelone Inc. Class A | 0.83% | 3,926,695 | $69.1M | Reduce -11.8% |
| QLYS Qualys Inc. | 0.82% | 515,840 | $68.3M | Reduce -5.4% |
| RDWR Radware Ltd. | 0.81% | 2,544,309 | $67.4M | Reduce -11.8% |
| ATEN A10 Networks Inc. | 0.80% | 3,658,453 | $66.4M | Reduce -7.7% |
| TENB Tenable Holdings Inc. | 0.76% | 2,181,678 | $63.6M | Reduce -3.0% |
| PJUL Innovator U.S. Equity Power | 0.76% | 1,393,579 | $63.5M | Add +1.7% |
| PAUG Innovator U.S. Equity Power | 0.75% | 1,481,872 | $62.9M | Add +1.7% |
| PDEC Innovator U.S. Equity Power | 0.75% | 1,490,331 | $62.6M | Add +1.7% |
| PSEP Innovator U.S. Equity Power | 0.75% | 1,457,530 | $62.6M | Add +1.7% |
| PJUN Innovator U.S. Equity Power | 0.75% | 1,518,311 | $62.5M | Add +1.7% |
| PFEB Innovator U.S. Equity Power | 0.75% | 1,568,151 | $62.2M | Add +1.7% |
| POCT Innovator U.S. Equity Power | 0.75% | 1,443,745 | $62.2M | Add +1.7% |
| PJAN Innovator U.S. Equity Power | 0.74% | 1,356,731 | $62.1M | Add +1.7% |
| PNOV Innovator U.S. Equity Power | 0.74% | 1,507,897 | $61.9M | Add +1.7% |
| FSLY Fastly Inc. Class A | 0.74% | 7,235,649 | $61.9M | New |
| PMAR Innovator U.S. Equity Power | 0.74% | 1,408,582 | $61.9M | Add +1.7% |
| PMAY Innovator U.S. Equity Power | 0.73% | 1,571,751 | $61.1M | Add +1.7% |
| PAPR Innovator U.S. Equity Power | 0.72% | 1,577,609 | $60.5M | Add +1.7% |
| BSV Vanguard Short-Term Bond ETF | 0.67% | 712,774 | $56.2M | Add +10.0% |
| XCEM Columbia Em Core Ex-China | 0.62% | 1,421,095 | $51.6M | Add +7.7% |
| QCOM Qualcomm Inc. | 0.61% | 307,185 | $51.1M | Add +23.5% |
| MRVL Marvell Technology Inc. | 0.61% | 607,832 | $51.1M | Add +15.9% |
| RPD RAPID7 Inc. | 0.60% | 2,681,246 | $50.3M | Reduce -1.8% |
| IONQ Ionq Inc. | 0.59% | 800,141 | $49.2M | Add +64.3% |
| MU Micron Technology Inc. | 0.58% | 290,941 | $48.7M | Add +42.4% |
| TSEM Tower Semiconductor Ltd. | 0.58% | 671,657 | $48.6M | Add +43.4% |
| LRCX Lam Research Corp. | 0.57% | 353,460 | $47.3M | Add +40.8% |
| GOOGL Alphabet Inc. Class A | 0.57% | 194,549 | $47.3M | Add +36.0% |
| INTC Intel Corp. | 0.56% | 1,397,368 | $46.9M | Add +42.5% |
| AMD Advanced Micro Devices | 0.56% | 289,583 | $46.8M | Add +32.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.55% | 247,792 | $46.2M | Add +11.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.54% | 93,806 | $45.0M | Add +5.3% |
| TER Teradyne Inc. | 0.54% | 325,968 | $44.9M | Add +46.3% |
| AAPL Apple Inc. | 0.53% | 173,617 | $44.2M | Add +12.3% |
| VPL Vanguard Ftse Pacific ETF | 0.52% | 491,121 | $43.1M | Add +13.0% |
| MDB Mongodb Inc. | 0.50% | 135,036 | $41.9M | Add +42.1% |
| BIDU Baidu Inc. - Spon ADR | 0.50% | 316,666 | $41.7M | Add +43.4% |
| PLTR Palantir Technologies Inc. Class A | 0.50% | 228,490 | $41.7M | Add +41.9% |
| QBTS D-Wave Quantum Inc. | 0.50% | 1,677,356 | $41.4M | Add +43.4% |
| BABA Alibaba Group Holding-SP ADR | 0.49% | 230,423 | $41.2M | Add +43.4% |
| VGK Vanguard Ftse Europe ETF | 0.49% | 514,109 | $41.0M | Add +14.3% |
| COHR Coherent Corp. | 0.49% | 378,729 | $40.8M | Add +59.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.48% | 66,979 | $40.2M | Add +26.2% |
| LSCC Lattice Semiconductor Corp. | 0.48% | 543,548 | $39.9M | Add +43.4% |
| ARQQ Arqit Quantum Inc. | 0.47% | 1,021,248 | $39.6M | Add +43.4% |
| HPE Hewlett Packard Enterprise | 0.47% | 1,580,922 | $38.8M | Add +44.3% |
| ARM Arm Holdings PLC-ADR | 0.46% | 270,899 | $38.3M | Add +22.9% |
| NOK Nokia Corp.-Spon ADR | 0.45% | 7,760,500 | $37.3M | Add +38.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.44% | 131,251 | $36.7M | Add +42.6% |
| MKSI MKS Inc. | 0.44% | 295,963 | $36.6M | Add +43.4% |
| RDNT Radnet Inc. | 0.44% | 479,077 | $36.5M | Add +43.4% |
| MSFT Microsoft Corp. | 0.44% | 70,453 | $36.5M | Add +36.5% |
| RTX RTX Corp. | 0.43% | 214,279 | $35.9M | Add +44.7% |
| ONTO Onto Innovation Inc. | 0.43% | 277,418 | $35.8M | Add +43.4% |
| SNPS Synopsys Inc. | 0.43% | 72,662 | $35.8M | Add +79.0% |
| KLAC KLA Corp. | 0.43% | 33,225 | $35.8M | Add +41.9% |
| VXUS Vanguard Total Intl Stock | 0.42% | 475,829 | $35.0M | New |
| SNOW Snowflake Inc. | 0.41% | 153,358 | $34.6M | Add +32.8% |
| AMAT Applied Materials Inc. | 0.41% | 168,500 | $34.5M | Add +44.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.41% | 35,350 | $34.2M | Add +43.4% |
| CRUS Cirrus Logic Inc. | 0.41% | 270,056 | $33.8M | Add +43.4% |
| CDNS Cadence Design SYS Inc. | 0.40% | 95,131 | $33.4M | Add +43.4% |
| LMT Lockheed Martin Corp. | 0.40% | 66,461 | $33.2M | Add +44.9% |
| NTNX Nutanix Inc. Class A | 0.38% | 423,607 | $31.5M | Add +41.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 111,117 | $31.4M | Add +37.2% |
| VCIT Vanguard Int-Term Corporate | 0.37% | 369,480 | $31.1M | Add +16.0% |
| QUBT Quantum Computing Inc. | 0.36% | 1,638,054 | $30.2M | Add +60.7% |
| ADI Analog Devices Inc. | 0.36% | 122,033 | $30.0M | Add +46.7% |
| NXPI NXP Semiconductors NV | 0.36% | 130,768 | $29.8M | Add +47.0% |
| HON Honeywell International Inc. | 0.34% | 135,419 | $28.5M | Add +45.8% |
| ESTC Elastic NV | 0.34% | 333,369 | $28.2M | Add +43.4% |
| TXN Texas Instruments Inc. | 0.34% | 152,877 | $28.1M | Add +41.6% |
| BAH Booz Allen Hamilton Holdings | 0.33% | 275,474 | $27.5M | Add +43.4% |
| ON On Semiconductor | 0.33% | 553,871 | $27.3M | Add +47.4% |
| CRM Salesforce Inc. | 0.32% | 114,375 | $27.1M | Add +38.2% |
| TDC Teradata Corp. | 0.32% | 1,249,547 | $26.9M | Add +43.4% |
| MCHP Microchip Technology Inc. | 0.32% | 413,499 | $26.6M | Add +47.3% |
| ANET Arista Networks Inc. | 0.32% | 181,118 | $26.4M | Reduce -13.1% |
| STM Stmicroelectronics NV-NY SHS | 0.31% | 927,695 | $26.2M | Add +43.4% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $9.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 60,188 | $3.1M | Reduce -27.0% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 43,593 | $3.1M | Reduce -23.9% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 60,701 | $3.0M | Reduce -29.7% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 12,129 | $306K | Add +3.4% |
Total filed on the 13F, all lines: $8.4B.
Portfolio Sells Q2 2025 → Q3 2025
| CSCO Cisco Systems Inc. | Reduce -3.4% | 2.04% | −0.46 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.45 |
| RDWR Radware Ltd. | Reduce -11.8% | 0.81% | −0.38 |
| ZS Zscaler Inc. | Reduce -2.8% | 1.28% | −0.33 |
| GEN Gen Digital Inc. | Reduce -8.5% | 0.99% | −0.32 |
| NET Cloudflare Inc. Class A | Reduce -9.8% | 1.73% | −0.31 |
| S Sentinelone Inc. Class A | Reduce -11.8% | 0.83% | −0.31 |
| TENB Tenable Holdings Inc. | Reduce -3.0% | 0.76% | −0.30 |
| RPD RAPID7 Inc. | Reduce -1.8% | 0.60% | −0.28 |
| ATEN A10 Networks Inc. | Reduce -7.7% | 0.80% | −0.28 |
| CBRE GBL REAL ESTATE INC FD | Sold out | 0.00% | −0.27 |
| VRNS Varonis Systems Inc. | Reduce -21.4% | 0.87% | −0.27 |
| QLYS Qualys Inc. | Reduce -5.4% | 0.82% | −0.27 |
| RBRK Rubrik Inc. Class A | Reduce -0.6% | 0.92% | −0.26 |
| THQ Abrdn Healthcare Opport | Sold out | 0.00% | −0.25 |
| CYBR Cyberark Software Ltd./Israel | Reduce -17.7% | 1.23% | −0.24 |
| FFIV F5 Inc. | Reduce -10.4% | 1.20% | −0.22 |
| AVGO Broadcom Inc. | Reduce -8.2% | 3.42% | −0.21 |
| BIV Vanguard Intermediate-Term B | Reduce -29.9% | 0.31% | −0.20 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | Reduce -67.2% | 0.08% | −0.19 |
| GD General Dynamics Corp. | Reduce -11.2% | 1.47% | −0.18 |
| BLV Vanguard Long-Term Bond ETF | Reduce -51.1% | 0.13% | −0.18 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -48.0% | 0.13% | −0.17 |
| IFN Aberdeen India Fund Inc. | Reduce -60.7% | 0.07% | −0.16 |
| XAWPX Abrdn Global Premier Propert | Sold out | 0.00% | −0.13 |
| AFRM Affirm Holdings Inc. | Reduce -32.8% | 0.20% | −0.13 |
| EDD Morgan Stanley Emrg MRK Dom | Sold out | 0.00% | −0.13 |
| CCI Crown Castle Inc. | Reduce -97.2% | 0.00% | −0.12 |
| CRDO Credo Technology Group Holdi | Reduce -57.7% | 0.13% | −0.10 |
| CLS Celestica Inc. | Reduce -46.4% | 0.22% | −0.08 |
| GHY Pgim Global High Yield Fund | Sold out | 0.00% | −0.08 |
| VISN Vistance Networks Inc. | Reduce -62.9% | 0.12% | −0.08 |
| BCX BlackRock Resources & Commod | Sold out | 0.00% | −0.08 |
| BDJ BlackRock Enhanced Eqty DVD | Sold out | 0.00% | −0.08 |
| XEVVX Eaton Vance Ltd. Durat Inc. | Sold out | 0.00% | −0.08 |
| CALX Calix Inc. | Reduce -37.4% | 0.12% | −0.07 |
| COIN Coinbase Global Inc. Class A | Reduce -15.0% | 0.16% | −0.07 |
| RVT Royce Small-Cap Trust Inc. | Sold out | 0.00% | −0.07 |
| XYZ Block Inc. | Reduce -22.7% | 0.15% | −0.06 |
| IIF Morgan Stanley India Invest | Sold out | 0.00% | −0.05 |
| TOST Toast Inc. Class A | Reduce -1.3% | 0.12% | −0.05 |
| VSAT Viasat Inc. | Reduce -54.4% | 0.18% | −0.05 |
| FTF Franklin Ltd. Dur Inc. TR | Reduce -40.6% | 0.05% | −0.05 |
| GLO Clough Global Opportunities | Sold out | 0.00% | −0.05 |
| HOOD Robinhood Markets Inc. Class A | Reduce -61.4% | 0.05% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -2.6% | 0.23% | −0.04 |
| MTSI Macom Technology Solutions H | Reduce -1.7% | 0.12% | −0.04 |
| SPOT Spotify Technology SA | Reduce -35.2% | 0.04% | −0.04 |
| TSSI TSS Inc. | Sold out | 0.00% | −0.04 |
| AGX Argan Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| FSLY Fastly Inc. Class A | New | 0.74% | +0.74 |
| VGSH Vanguard Short-Term Treasury | Add +250.8% | 0.89% | +0.60 |
| RGTI Rigetti Computing Inc. | Add +43.8% | 0.87% | +0.59 |
| VXUS Vanguard Total Intl Stock | New | 0.42% | +0.42 |
| TSEM Tower Semiconductor Ltd. | Add +43.4% | 0.58% | +0.30 |
| IONQ Ionq Inc. | Add +64.3% | 0.59% | +0.30 |
| TER Teradyne Inc. | Add +46.3% | 0.54% | +0.26 |
| QBTS D-Wave Quantum Inc. | Add +43.4% | 0.50% | +0.26 |
| INTC Intel Corp. | Add +42.5% | 0.56% | +0.25 |
| BABA Alibaba Group Holding-SP ADR | Add +43.4% | 0.49% | +0.24 |
| BIDU Baidu Inc. - Spon ADR | Add +43.4% | 0.50% | +0.23 |
| MU Micron Technology Inc. | Add +42.4% | 0.58% | +0.23 |
| LRCX Lam Research Corp. | Add +40.8% | 0.57% | +0.23 |
| MDB Mongodb Inc. | Add +42.1% | 0.50% | +0.22 |
| LSCC Lattice Semiconductor Corp. | Add +43.4% | 0.48% | +0.22 |
| GOOGL Alphabet Inc. Class A | Add +36.0% | 0.57% | +0.21 |
| COHR Coherent Corp. | Add +59.6% | 0.49% | +0.19 |
| PLTR Palantir Technologies Inc. Class A | Add +41.9% | 0.50% | +0.19 |
| GILT Gilat Satellite Networks Ltd. | Add +831.1% | 0.19% | +0.17 |
| RDNT Radnet Inc. | Add +43.4% | 0.44% | +0.17 |
| ONTO Onto Innovation Inc. | Add +43.4% | 0.43% | +0.16 |
| XJQCX Nuveen Credit Strategies Inc. | Add +276.6% | 0.23% | +0.15 |
| MKSI MKS Inc. | Add +43.4% | 0.44% | +0.15 |
| HPE Hewlett Packard Enterprise | Add +44.3% | 0.47% | +0.15 |
| TSM Taiwan Semiconductor-SP ADR | Add +42.6% | 0.44% | +0.15 |
| SNPS Synopsys Inc. | Add +79.0% | 0.43% | +0.14 |
| CEVA Ceva Inc. | New | 0.14% | +0.14 |
| KLAC KLA Corp. | Add +41.9% | 0.43% | +0.14 |
| ASML ASML Holding NV-NY Reg SHS | Add +43.4% | 0.41% | +0.13 |
| CRUS Cirrus Logic Inc. | Add +43.4% | 0.41% | +0.13 |
| AMD Advanced Micro Devices | Add +32.7% | 0.56% | +0.13 |
| RTX RTX Corp. | Add +44.7% | 0.43% | +0.13 |
| EIC Eagle Point Income Co.-USA Inc. | New | 0.12% | +0.12 |
| AMAT Applied Materials Inc. | Add +44.8% | 0.41% | +0.12 |
| CDNS Cadence Design SYS Inc. | Add +43.4% | 0.40% | +0.11 |
| DLR Digital Realty Trust Inc. | Add +203118.5% | 0.11% | +0.11 |
| BRW Saba Capital Income & Opport | New | 0.11% | +0.11 |
| BGT BlackRock Fltng RT Inc. TR | New | 0.11% | +0.11 |
| KIO KKR Income Opportunities | Add +213.5% | 0.17% | +0.11 |
| ARQQ Arqit Quantum Inc. | Add +43.4% | 0.47% | +0.11 |
| LMT Lockheed Martin Corp. | Add +44.9% | 0.40% | +0.10 |
| APP AppLovin Corp. Class A | Add +125.3% | 0.13% | +0.10 |
| QUBT Quantum Computing Inc. | Add +60.7% | 0.36% | +0.09 |
| AAPL Apple Inc. | Add +12.3% | 0.53% | +0.09 |
| XCHYX Calamos Convert & High Inc. | New | 0.09% | +0.09 |
| NXPI NXP Semiconductors NV | Add +47.0% | 0.36% | +0.08 |
| ADI Analog Devices Inc. | Add +46.7% | 0.36% | +0.08 |
| DSU BlackRock Debt Strategies | New | 0.08% | +0.08 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | New | 0.08% | +0.08 |
| HYT BlackRock Corp. Hi YLD | New | 0.08% | +0.08 |
Notes & Other Activity Q2 2025 → Q3 2025
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Reduce -27.0% | 60,188 | $3.1M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -23.9% | 43,593 | $3.1M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Reduce -29.7% | 60,701 | $3.0M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +3.4% | 12,129 | $306K |
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 |