Scge Management, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed February 13, 2026), Scge Management, L.P. reported 24 stock positions worth $5.1 billion. Its top holding was Meta Platforms Class A (META) at 13.9% of the portfolio, followed by Nvidia (NVDA, 8.3%) and Palo Alto Networks (PANW, 7.5%). Compared with Q2 2025, it opened 7 new positions, sold out of 3, added to 6 and reduced 6. The biggest buy was a new position in Klarna (KLAR) and the biggest sale an exit from Coupang (CPNG).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001537530
- Portfolio Value
- $5.1B (Q3 2025)
- SEC Filing
- 0000905148-26-000710 ↗ filed Feb 13, 2026
Holdings Value
Holdings 24 stocks · $5.1B
| META Meta Platforms Inc. Class A | 13.88% | 968,000 | $710.9M | No change |
| NVDA Nvidia Corp. | 8.31% | 2,281,000 | $425.6M | Add +5.7% |
| PANW Palo Alto Networks Inc. | 7.49% | 1,885,000 | $383.8M | No change |
| DASH DoorDash Inc. Class A | 6.39% | 1,204,000 | $327.5M | Add +11.0% |
| MSFT Microsoft Corp. | 6.18% | 611,000 | $316.5M | Add +33.1% |
| AVGO Broadcom Inc. | 6.12% | 950,500 | $313.6M | Reduce -25.5% |
| ORCL Oracle Corp. | 6.10% | 1,111,000 | $312.5M | Reduce -16.6% |
| SE Sea Ltd.-ADR | 5.95% | 1,704,000 | $304.6M | Reduce -2.9% |
| AMZN Amazon.com Inc. | 5.67% | 1,324,000 | $290.7M | Add +15.8% |
| SPOT Spotify Technology SA | 5.06% | 371,600 | $259.4M | Add +14.0% |
| NOW ServiceNow Inc. | 4.08% | 227,000 | $208.9M | Reduce -7.0% |
| SNOW Snowflake Inc. | 3.93% | 893,000 | $201.4M | Add +42.2% |
| KLAR Klarna Group PLC | 3.77% | 5,266,524 | $193.0M | New |
| CDNS Cadence Design SYS Inc. | 3.71% | 541,000 | $190.0M | Reduce -11.2% |
| Z Zillow Group Inc. Class C | 2.62% | 1,739,000 | $134.0M | New |
| TSM Taiwan Semiconductor-SP ADR | 2.47% | 453,000 | $126.5M | Reduce -18.5% |
| ASML ASML Holding NV-NY Reg SHS | 2.44% | 129,000 | $124.9M | New |
| TTAN Servicetitan Inc. Class A | 2.42% | 1,229,285 | $123.9M | No change |
| CHYM Chime Financial Inc. Class A | 1.74% | 4,420,841 | $89.2M | No change |
| CVNA Carvana Co. | 1.11% | 151,000 | $57.0M | New |
| CART Maplebear Inc. | 0.20% | 280,037 | $10.3M | No change |
| NTSK Netskope Inc. Class A | 0.18% | 400,000 | $9.1M | New |
| BLSH Bullish | 0.12% | 100,000 | $6.4M | New |
| FIG Figma Inc. Class A | 0.06% | 60,000 | $3.1M | New |
Portfolio Sells Q2 2025 → Q3 2025
| CPNG Coupang Inc. | Sold out | 0.00% | −4.88 |
| DT Dynatrace Inc. | Sold out | 0.00% | −3.27 |
| AVGO Broadcom Inc. | Reduce -25.5% | 6.12% | −1.25 |
| NOW ServiceNow Inc. | Reduce -7.0% | 4.08% | −1.18 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.34 |
| CDNS Cadence Design SYS Inc. | Reduce -11.2% | 3.71% | −0.23 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -18.5% | 2.47% | −0.17 |
| ORCL Oracle Corp. | Reduce -16.6% | 6.10% | −0.01 |
| SE Sea Ltd.-ADR | Reduce -2.9% | 5.95% | +0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| KLAR Klarna Group PLC | New | 3.77% | +3.77 |
| Z Zillow Group Inc. Class C | New | 2.62% | +2.62 |
| ASML ASML Holding NV-NY Reg SHS | New | 2.44% | +2.44 |
| MSFT Microsoft Corp. | Add +33.1% | 6.18% | +1.39 |
| NVDA Nvidia Corp. | Add +5.7% | 8.31% | +1.16 |
| CVNA Carvana Co. | New | 1.11% | +1.11 |
| SNOW Snowflake Inc. | Add +42.2% | 3.93% | +0.98 |
| DASH DoorDash Inc. Class A | Add +11.0% | 6.39% | +0.78 |
| AMZN Amazon.com Inc. | Add +15.8% | 5.67% | +0.42 |
| NTSK Netskope Inc. Class A | New | 0.18% | +0.18 |
| BLSH Bullish | New | 0.12% | +0.12 |
| FIG Figma Inc. Class A | New | 0.06% | +0.06 |
| SPOT Spotify Technology SA | Add +14.0% | 5.06% | −0.18 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $5.9B | SPCX, NVDA, GOOGL, AMZN, MSFT |
| Q1 2026 | 21 | $3.3B | NVDA, GOOGL, MSFT, AMZN, AVGO |
| Q4 2025 | 20 | $4.4B | NVDA, GOOGL, MSFT, DASH, AMZN |
| Q3 2025Amended | 24 | $5.1B | META, NVDA, PANW, DASH, MSFT |
| Q2 2025 | 20 | $4.8B | META, PANW, AVGO, NVDA, ORCL |
| Q1 2025 | 15 | $3.5B | META, NOW, SHOP, PANW, AMZN |
| Q4 2024 | 23 | $5.4B | NOW, META, AMZN, NVDA, SHOP |
| Q3 2024 | 15 | $4.6B | NOW, META, MSFT, NU, AMZN |
| Q2 2024 | 19 | $5.1B | NOW, META, MSFT, NVDA, NU |
| Q1 2024 | 19 | $5.3B | NOW, META, MSFT, NVDA, SHOP |