Summit Partners Public Asset Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Summit Partners Public Asset Management, LLC reported 67 stock positions worth $3.0 billion. Its top holding was Reddit Class A (RDDT) at 6.4% of the portfolio, followed by Astera Labs (ALAB, 5.6%) and Taiwan Semiconductor-SP ADR (TSM, 4.5%). Compared with Q3 2024, it opened 21 new positions, sold out of 18, added to 19 and reduced 18. The biggest buy was a new position in Verona Pharma (VRNA) and the biggest sale an exit from Zeta Global Class A (ZETA).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001638555
- Portfolio Value
- $3.0B (Q4 2024)
- SEC Filing
- 0001172661-25-000940 ↗ filed Feb 14, 2025
Holdings Value
Holdings 67 stocks · $3.0B
| RDDT Reddit Inc. Class A | 6.43% | 1,175,400 | $192.1M | Reduce -26.5% |
| ALAB Astera Labs Inc. | 5.60% | 1,262,486 | $167.2M | Reduce -22.2% |
| TSM Taiwan Semiconductor-SP ADR | 4.55% | 687,778 | $135.8M | Add +37.1% |
| NTRA Natera Inc. | 3.89% | 733,498 | $116.1M | Add +25.4% |
| GKOS Glaukos Corp. | 3.67% | 730,014 | $109.5M | Add +18.2% |
| TSEM Tower Semiconductor Ltd. | 3.66% | 2,122,813 | $109.3M | Add +41.9% |
| SPOT Spotify Technology SA | 3.63% | 242,000 | $108.3M | Reduce -5.8% |
| GEV GE Vernova Inc. | 3.56% | 323,322 | $106.4M | No change |
| NVDA Nvidia Corp. | 3.11% | 692,651 | $93.0M | Reduce -8.3% |
| CVLT Commvault Systems Inc. | 2.97% | 588,468 | $88.8M | Add +33.7% |
| VRNA Verona Pharma Ltd. | 2.96% | 1,902,026 | $88.3M | New |
| RBRK Rubrik Inc. Class A | 2.83% | 1,295,000 | $84.6M | Add +25.6% |
| AEIS Advanced Energy Industries | 2.39% | 618,301 | $71.5M | New |
| SEI Solaris Energy Infrastructur | 2.31% | 2,399,191 | $69.0M | New |
| CVNA Carvana Co. | 2.28% | 334,899 | $68.1M | Add +15.3% |
| SNOW Snowflake Inc. | 2.12% | 410,900 | $63.4M | New |
| IOT Samsara Inc. Class A | 2.07% | 1,417,612 | $61.9M | Reduce -11.4% |
| UPST Upstart Holdings Inc. | 2.03% | 983,000 | $60.5M | Add +113.7% |
| LNG Cheniere Energy Inc. | 2.01% | 280,000 | $60.2M | New |
| WGS Genedx Holdings Corp. | 1.94% | 755,564 | $58.1M | Add +336.9% |
| MRVL Marvell Technology Inc. | 1.93% | 521,000 | $57.5M | New |
| VRT Vertiv Holdings Co. Class A | 1.91% | 501,965 | $57.0M | No change |
| CEG Constellation Energy | 1.61% | 215,000 | $48.1M | No change |
| ESTA Establishment Labs Holdings | 1.57% | 1,014,910 | $46.8M | Add +115.4% |
| SKY Champion Homes Inc. | 1.56% | 527,770 | $46.5M | Add +30.4% |
| SRPT Sarepta Therapeutics Inc. | 1.54% | 379,150 | $46.1M | Add +174.5% |
| MDB Mongodb Inc. | 1.51% | 193,604 | $45.1M | Add +31.1% |
| PRCT Procept Biorobotics Corp. | 1.49% | 551,767 | $44.4M | Add +1.6% |
| ACVA Acv Auctions Inc. Class A | 1.48% | 2,052,026 | $44.3M | Add +32.2% |
| INSM Insmed Inc. | 1.48% | 638,848 | $44.1M | Add +10.5% |
| PRIM Primoris Services Corp. | 1.35% | 526,883 | $40.3M | Reduce -37.3% |
| WAY Waystar Holding Corp. | 1.20% | 976,449 | $35.8M | New |
| MNDY Monday.com Ltd. | 1.18% | 150,000 | $35.3M | Reduce -46.9% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 1.18% | 299,802 | $35.2M | No change |
| AXON Axon Enterprise Inc. | 1.17% | 58,925 | $35.0M | Add +12.7% |
| SIMO Silicon Motion Technol-ADR | 0.92% | 506,005 | $27.3M | Add +63.7% |
| LLY Eli Lilly & Co. | 0.82% | 31,592 | $24.4M | Reduce -56.4% |
| AZEK The Azek Co. Inc. | 0.80% | 500,262 | $23.7M | No change |
| NRG NRG Energy Inc. | 0.78% | 258,933 | $23.4M | New |
| AMZN Amazon.com Inc. | 0.78% | 105,620 | $23.2M | Reduce -1.9% |
| ALGM Allegro Microsystems Inc. | 0.65% | 894,000 | $19.5M | New |
| VST Vistra Corp. | 0.62% | 134,921 | $18.6M | New |
| ARGX Argenx SE - ADR | 0.61% | 29,611 | $18.2M | New |
| VICR Vicor Corp. | 0.60% | 368,100 | $17.8M | New |
| DDOG Datadog Inc. Class A | 0.57% | 120,117 | $17.2M | Reduce -67.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.57% | 50,000 | $17.1M | Reduce -50.9% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.56% | 83,801 | $16.8M | Reduce -29.8% |
| PAY Paymentus Holdings Inc. Class A | 0.55% | 505,000 | $16.5M | New |
| NPWR Net Power Inc. | 0.51% | 1,450,000 | $15.4M | Add +45.0% |
| FRSH Freshworks Inc. Class A | 0.47% | 863,000 | $14.0M | New |
| EQT Eqt Corp. | 0.46% | 298,252 | $13.8M | New |
| COMP Compass Inc. Class A | 0.45% | 2,300,000 | $13.5M | Reduce -8.0% |
| CLBT Cellebrite Di Ltd. | 0.40% | 542,138 | $11.9M | Reduce -1.6% |
| SN Sharkninja Inc. | 0.39% | 119,205 | $11.6M | Reduce -38.4% |
| FVRR Fiverr International Ltd. | 0.31% | 292,000 | $9.3M | New |
| BLND Blend Labs Inc. Class A | 0.27% | 1,889,797 | $8.0M | Reduce -0.3% |
| NVMI Nova Ltd. | 0.26% | 40,000 | $7.9M | No change |
| AEYE Audioeye Inc. | 0.26% | 515,279 | $7.8M | No change |
| BILL Bill Holdings Inc. | 0.26% | 92,000 | $7.8M | New |
| ESTC Elastic NV | 0.17% | 50,000 | $5.0M | No change |
| VEEV Veeva Systems Inc. Class A | 0.14% | 20,000 | $4.2M | No change |
| VIAV Viavi Solutions Inc. | 0.14% | 400,000 | $4.0M | New |
| DKNG Draftkings Inc. Class A | 0.13% | 106,000 | $3.9M | Reduce -36.1% |
| MELI MercadoLibre Inc. | 0.11% | 1,850 | $3.1M | Reduce -84.0% |
| JBL Jabil Inc. | 0.10% | 20,000 | $2.9M | New |
| SLAB Silicon Laboratories Inc. | 0.10% | 23,000 | $2.9M | New |
| WIX Wix.com Ltd. | 0.07% | 10,000 | $2.1M | New |
Options reported separately and not counted above: TSLA puts ($190.9M), ALAB puts ($152.2M), RDDT puts ($146.9M), SPOT puts ($99.3M), NTRA puts ($90.2M), TSEM puts ($67.8M), MSFT calls ($61.5M), CVNA puts ($59.1M), SNOW puts ($57.4M), CVLT puts ($57.3M), UPST puts ($57.3M), AAPL puts ($56.3M), and 69 more.
Portfolio Sells Q3 2024 → Q4 2024
| ZETA Zeta Global Holdings Corp. Class A | Sold out | 0.00% | −3.38 |
| IBP Installed Building Products | Sold out | 0.00% | −2.46 |
| MNDY Monday.com Ltd. | Reduce -46.9% | 1.18% | −2.35 |
| LLY Eli Lilly & Co. | Reduce -56.4% | 0.82% | −2.08 |
| FSLR First Solar Inc. | Sold out | 0.00% | −1.69 |
| RXST Rxsight Inc. | Sold out | 0.00% | −1.53 |
| MOD Modine Manufacturing Co. | Sold out | 0.00% | −1.44 |
| IOT Samsara Inc. Class A | Reduce -11.4% | 2.07% | −1.40 |
| DDOG Datadog Inc. Class A | Reduce -67.6% | 0.57% | −1.35 |
| ORA Ormat Technologies Inc. | Sold out | 0.00% | −1.21 |
| NVDA Nvidia Corp. | Reduce -8.3% | 3.11% | −1.02 |
| MELI MercadoLibre Inc. | Reduce -84.0% | 0.11% | −0.96 |
| PRIM Primoris Services Corp. | Reduce -37.3% | 1.35% | −0.85 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.83 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -50.9% | 0.57% | −0.71 |
| SPOT Spotify Technology SA | Reduce -5.8% | 3.63% | −0.64 |
| SN Sharkninja Inc. | Reduce -38.4% | 0.39% | −0.56 |
| IESC Ies Holdings Inc. | Reduce -29.8% | 0.56% | −0.51 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.47 |
| HASI Ha Sustainable Infrastructur | Sold out | 0.00% | −0.47 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.45 |
| ASND Ascendis Pharma A/S | Sold out | 0.00% | −0.37 |
| COMP Compass Inc. Class A | Reduce -8.0% | 0.45% | −0.24 |
| AGIO Agios Pharmaceuticals Inc. | Sold out | 0.00% | −0.20 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.18 |
| DKNG Draftkings Inc. Class A | Reduce -36.1% | 0.13% | −0.16 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.15 |
| TMDX Transmedics Group Inc. | Sold out | 0.00% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -1.9% | 0.78% | −0.13 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.13 |
| ENVX Enovix Corp. | Sold out | 0.00% | −0.11 |
| BLND Blend Labs Inc. Class A | Reduce -0.3% | 0.27% | −0.05 |
| ROKU Roku Inc. | Sold out | 0.00% | −0.04 |
| CLBT Cellebrite Di Ltd. | Reduce -1.6% | 0.40% | −0.02 |
| RDDT Reddit Inc. Class A | Reduce -26.5% | 6.43% | +1.68 |
| ALAB Astera Labs Inc. | Reduce -22.2% | 5.60% | +1.77 |
Portfolio Buys Q3 2024 → Q4 2024
| VRNA Verona Pharma Ltd. | New | 2.96% | +2.96 |
| AEIS Advanced Energy Industries | New | 2.39% | +2.39 |
| SEI Solaris Energy Infrastructur | New | 2.31% | +2.31 |
| SNOW Snowflake Inc. | New | 2.12% | +2.12 |
| LNG Cheniere Energy Inc. | New | 2.01% | +2.01 |
| MRVL Marvell Technology Inc. | New | 1.93% | +1.93 |
| WGS Genedx Holdings Corp. | Add +336.9% | 1.94% | +1.61 |
| RBRK Rubrik Inc. Class A | Add +25.6% | 2.83% | +1.34 |
| WAY Waystar Holding Corp. | New | 1.20% | +1.20 |
| UPST Upstart Holdings Inc. | Add +113.7% | 2.03% | +1.20 |
| NRG NRG Energy Inc. | New | 0.78% | +0.78 |
| SRPT Sarepta Therapeutics Inc. | Add +174.5% | 1.54% | +0.77 |
| TSEM Tower Semiconductor Ltd. | Add +41.9% | 3.66% | +0.68 |
| ALGM Allegro Microsystems Inc. | New | 0.65% | +0.65 |
| ESTA Establishment Labs Holdings | Add +115.4% | 1.57% | +0.65 |
| TSM Taiwan Semiconductor-SP ADR | Add +37.1% | 4.55% | +0.62 |
| VST Vistra Corp. | New | 0.62% | +0.62 |
| ARGX Argenx SE - ADR | New | 0.61% | +0.61 |
| VICR Vicor Corp. | New | 0.60% | +0.60 |
| PAY Paymentus Holdings Inc. Class A | New | 0.55% | +0.55 |
| NTRA Natera Inc. | Add +25.4% | 3.89% | +0.54 |
| FRSH Freshworks Inc. Class A | New | 0.47% | +0.47 |
| EQT Eqt Corp. | New | 0.46% | +0.46 |
| FVRR Fiverr International Ltd. | New | 0.31% | +0.31 |
| BILL Bill Holdings Inc. | New | 0.26% | +0.26 |
| AXON Axon Enterprise Inc. | Add +12.7% | 1.17% | +0.23 |
| NPWR Net Power Inc. | Add +45.0% | 0.51% | +0.20 |
| VIAV Viavi Solutions Inc. | New | 0.14% | +0.14 |
| JBL Jabil Inc. | New | 0.10% | +0.10 |
| SLAB Silicon Laboratories Inc. | New | 0.10% | +0.10 |
| WIX Wix.com Ltd. | New | 0.07% | +0.07 |
| SIMO Silicon Motion Technol-ADR | Add +63.7% | 0.92% | +0.07 |
| ACVA Acv Auctions Inc. Class A | Add +32.2% | 1.48% | +0.06 |
| GKOS Glaukos Corp. | Add +18.2% | 3.67% | +0.04 |
| CVNA Carvana Co. | Add +15.3% | 2.28% | +0.00 |
| CVLT Commvault Systems Inc. | Add +33.7% | 2.97% | −0.08 |
| SKY Champion Homes Inc. | Add +30.4% | 1.56% | −0.17 |
| MDB Mongodb Inc. | Add +31.1% | 1.51% | −0.29 |
| INSM Insmed Inc. | Add +10.5% | 1.48% | −0.43 |
| PRCT Procept Biorobotics Corp. | Add +1.6% | 1.49% | −0.47 |
Options Activity Q3 2024 → Q4 2024
| TSLA Tesla Inc. | put | Add +845.2% | 472,600 | $190.9M |
| ALAB Astera Labs Inc. | put | Add +556.7% | 1,149,300 | $152.2M |
| RDDT Reddit Inc. Class A | put | Add +26.6% | 899,000 | $146.9M |
| SPOT Spotify Technology SA | put | Add +16.8% | 222,000 | $99.3M |
| NTRA Natera Inc. | put | New | 570,000 | $90.2M |
| TSEM Tower Semiconductor Ltd. | put | New | 1,316,000 | $67.8M |
| MSFT Microsoft Corp. | call | New | 146,000 | $61.5M |
| CVNA Carvana Co. | put | Add +9.7% | 290,700 | $59.1M |
| SNOW Snowflake Inc. | put | New | 372,000 | $57.4M |
| CVLT Commvault Systems Inc. | put | New | 380,000 | $57.3M |
| UPST Upstart Holdings Inc. | put | Add +210.0% | 930,000 | $57.3M |
| AAPL Apple Inc. | put | New | 225,000 | $56.3M |
| AMZN Amazon.com Inc. | call | Reduce -28.6% | 250,000 | $54.8M |
| CEG Constellation Energy | put | Add +115.0% | 215,000 | $48.1M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -76.9% | 92,500 | $47.3M |
| NVDA Nvidia Corp. | put | New | 300,000 | $40.3M |
| IWM iShares Russell 2000 ETF | call | Add +80.0% | 180,000 | $39.8M |
| MDB Mongodb Inc. | put | New | 164,000 | $38.2M |
| IOT Samsara Inc. Class A | put | Add +770.0% | 870,000 | $38.0M |
| DDOG Datadog Inc. Class A | put | New | 246,000 | $35.2M |
| NFLX Netflix Inc. | put | New | 35,000 | $31.2M |
| MTUM iShares MSCI USA Momentum Fa | put | New | 150,000 | $31.0M |
| MNDY Monday.com Ltd. | put | Sold out | 110,000 | $30.6Mbefore exit |
| IGV iShares Expanded Tech-Softwa | put | New | 300,000 | $30.0M |
| VRT Vertiv Holdings Co. Class A | put | New | 250,000 | $28.4M |
| FSLR First Solar Inc. | call | New | 146,000 | $25.7M |
| FND Floor & Decor Holdings Inc. Class A | put | Sold out | 200,000 | $24.8Mbefore exit |
| LLY Eli Lilly & Co. | put | Reduce -63.7% | 31,600 | $24.4M |
| ENPH Enphase Energy Inc. | call | Add +483.3% | 350,000 | $24.0M |
| META Meta Platforms Inc. Class A | call | New | 40,000 | $23.4M |
| DT Dynatrace Inc. | call | New | 412,000 | $22.4M |
| IWM iShares Russell 2000 ETF | put | New | 100,000 | $22.1M |
| OKLO Oklo Inc. | put | New | 1,000,000 | $21.2M |
| AR Antero Resources Corp. | call | New | 595,900 | $20.9M |
| DUOL Duolingo | call | Sold out | 70,000 | $19.7Mbefore exit |
| NVDA Nvidia Corp. | call | Add +46.0% | 146,000 | $19.6M |
| VRNA Verona Pharma Ltd. | call | New | 400,000 | $18.6M |
| MRVL Marvell Technology Inc. | call | New | 167,000 | $18.4M |
| GKOS Glaukos Corp. | put | New | 120,000 | $18.0M |
| VST Vistra Corp. | put | New | 130,000 | $17.9M |
| ACLS Axcelis Technologies Inc. | call | New | 250,000 | $17.5M |
| TSM Taiwan Semiconductor-SP ADR | call | Sold out | 100,300 | $17.4Mbefore exit |
| HASI Ha Sustainable Infrastructur | call | Sold out | 500,000 | $17.2Mbefore exit |
| ABNB Airbnb Inc. Class A | put | Sold out | 130,000 | $16.5Mbefore exit |
| AMAT Applied Materials Inc. | call | New | 100,000 | $16.3M |
| INSP Inspire Medical Systems Inc. | put | Sold out | 75,000 | $15.8Mbefore exit |
| SNOW Snowflake Inc. | call | New | 92,000 | $14.2M |
| FVRR Fiverr International Ltd. | call | New | 446,000 | $14.2M |
| KRYS Krystal Biotech Inc. | call | New | 90,000 | $14.1M |
| IESC Ies Holdings Inc. | put | New | 70,000 | $14.1M |
Showing the first 50 of 105.
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 | 79 | $3.8B | SNDK, GH, MKSI, DOCN, SEI |
| Q1 2026 | 66 | $2.2B | TSEM, SNDK, INSM, IONS, SEI |
| Q4 2025 | 69 | $3.6B | SNDK, GEV, INSM, NVDA, MDB |
| Q3 2025 | 72 | $3.1B | VRNA, GEV, INSM, SPOT, NVDA |
| Q2 2025 | 71 | $2.6B | VRNA, SPOT, GEV, NVDA, INSM |
| Q1 2025 | 60 | $2.1B | VRNA, SPOT, WGS, GEV, NTRA |
| Q4 2024 | 67 | $3.0B | RDDT, ALAB, TSM, NTRA, GKOS |
| Q3 2024 | 64 | $2.2B | RDDT, SPOT, NVDA, TSM, ALAB |
| Q2 2024 | 70 | $2.2B | TSM, RDDT, NVDA, GEV, MU |
| Q1 2024 | 68 | $2.1B | MU, TSM, CEG, MELI, NEE |