Summit Partners Public Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Summit Partners Public Asset Management, LLC reported 60 stock positions worth $2.1 billion. Its top holding was Verona Pharma (VRNA) at 7.1% of the portfolio, followed by Spotify Technology (SPOT, 5.2%) and Genedx (WGS, 5.1%). Compared with Q4 2024, it opened 14 new positions, sold out of 21, added to 12 and reduced 32. The biggest buy was Verona Pharma (VRNA, shares +22%) and the biggest sale Astera Labs (ALAB, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001638555
- Portfolio Value
- $2.1B (Q1 2025)
- SEC Filing
- 0001172661-25-002096 ↗ filed May 15, 2025
Holdings Value
Holdings 60 stocks · $2.1B
| VRNA Verona Pharma Ltd. | 7.07% | 2,323,115 | $147.5M | Add +22.1% |
| SPOT Spotify Technology SA | 5.19% | 196,678 | $108.2M | Reduce -18.7% |
| WGS Genedx Holdings Corp. | 5.11% | 1,202,529 | $106.5M | Add +59.2% |
| GEV GE Vernova Inc. | 3.93% | 268,322 | $81.9M | Reduce -17.0% |
| NTRA Natera Inc. | 3.86% | 568,756 | $80.4M | Reduce -22.5% |
| RBRK Rubrik Inc. Class A | 3.71% | 1,267,604 | $77.3M | Reduce -2.1% |
| CVLT Commvault Systems Inc. | 3.67% | 485,738 | $76.6M | Reduce -17.5% |
| WAY Waystar Holding Corp. | 3.32% | 1,853,629 | $69.3M | Add +89.8% |
| RDDT Reddit Inc. Class A | 3.25% | 646,392 | $67.8M | Reduce -45.0% |
| IOT Samsara Inc. Class A | 2.82% | 1,531,869 | $58.7M | Add +8.1% |
| LNG Cheniere Energy Inc. | 2.77% | 250,000 | $57.9M | Reduce -10.7% |
| ALGM Allegro Microsystems Inc. | 2.74% | 2,271,600 | $57.1M | Add +154.1% |
| AEIS Advanced Energy Industries | 2.71% | 593,000 | $56.5M | Reduce -4.1% |
| INSM Insmed Inc. | 2.58% | 704,366 | $53.7M | Add +10.3% |
| SNOW Snowflake Inc. | 2.55% | 363,745 | $53.2M | Reduce -11.5% |
| NVDA Nvidia Corp. | 2.47% | 474,500 | $51.4M | Reduce -31.5% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 2.28% | 867,702 | $47.5M | Add +189.4% |
| ARGX Argenx SE - ADR | 2.27% | 80,000 | $47.3M | Add +170.2% |
| SKY Champion Homes Inc. | 2.26% | 497,770 | $47.2M | Reduce -5.7% |
| CVNA Carvana Co. | 2.18% | 217,181 | $45.4M | Reduce -35.1% |
| GKOS Glaukos Corp. | 2.08% | 441,190 | $43.4M | Reduce -39.6% |
| BBIO Bridgebio Pharma Inc. | 1.87% | 1,129,592 | $39.0M | New |
| MELI MercadoLibre Inc. | 1.74% | 18,650 | $36.4M | Add +908.1% |
| ALAB Astera Labs Inc. | 1.73% | 605,500 | $36.1M | Reduce -52.0% |
| TSEM Tower Semiconductor Ltd. | 1.67% | 976,547 | $34.8M | Reduce -54.0% |
| TSM Taiwan Semiconductor-SP ADR | 1.54% | 193,500 | $32.1M | Reduce -71.9% |
| COMP Compass Inc. Class A | 1.51% | 3,600,000 | $31.4M | Add +56.5% |
| UPST Upstart Holdings Inc. | 1.48% | 671,000 | $30.9M | Reduce -31.7% |
| SEI Solaris Energy Infrastructur | 1.48% | 1,415,844 | $30.8M | Reduce -41.0% |
| AXON Axon Enterprise Inc. | 1.47% | 58,300 | $30.7M | Reduce -1.1% |
| CEG Constellation Energy | 1.43% | 148,000 | $29.8M | Reduce -31.2% |
| DOCS Doximity Inc. Class A | 1.40% | 503,754 | $29.2M | New |
| VRT Vertiv Holdings Co. Class A | 1.15% | 331,965 | $24.0M | Reduce -33.9% |
| PRCT Procept Biorobotics Corp. | 1.15% | 410,292 | $23.9M | Reduce -25.6% |
| AKRO Akero Therapeutics Inc. | 1.13% | 580,000 | $23.5M | New |
| TEAM Atlassian Corp. Class A | 1.12% | 109,869 | $23.3M | New |
| FIX Comfort Systems USA Inc. | 1.08% | 70,000 | $22.6M | New |
| LRCX Lam Research Corp. | 0.95% | 272,000 | $19.8M | New |
| ACVA Acv Auctions Inc. Class A | 0.95% | 1,402,026 | $19.8M | Reduce -31.7% |
| AMZN Amazon.com Inc. | 0.74% | 81,389 | $15.5M | Reduce -22.9% |
| ESTA Establishment Labs Holdings | 0.69% | 353,667 | $14.4M | Reduce -65.2% |
| SIMO Silicon Motion Technol-ADR | 0.69% | 283,912 | $14.4M | Reduce -43.9% |
| MIR Mirion Technologies Inc. | 0.62% | 896,000 | $13.0M | New |
| MNDY Monday.com Ltd. | 0.57% | 49,114 | $11.9M | Reduce -67.3% |
| DDOG Datadog Inc. Class A | 0.57% | 120,117 | $11.9M | No change |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.42% | 53,000 | $8.8M | Reduce -36.8% |
| VIAV Viavi Solutions Inc. | 0.34% | 632,500 | $7.1M | Add +58.1% |
| EQT Eqt Corp. | 0.28% | 109,850 | $5.9M | Reduce -63.2% |
| ESTC Elastic NV | 0.26% | 60,000 | $5.3M | Add +20.0% |
| VEEV Veeva Systems Inc. Class A | 0.22% | 20,000 | $4.6M | No change |
| PAY Paymentus Holdings Inc. Class A | 0.22% | 175,000 | $4.6M | Reduce -65.3% |
| ALKT Alkami Technology Inc. | 0.21% | 170,000 | $4.5M | New |
| BLND Blend Labs Inc. Class A | 0.12% | 750,000 | $2.5M | Reduce -60.3% |
| KRMN Karman Holdings Inc. | 0.12% | 74,501 | $2.5M | New |
| VPG Vishay Precision Group | 0.10% | 85,000 | $2.0M | New |
| THRY Thryv Holdings Inc. | 0.09% | 145,553 | $1.9M | New |
| CRUS Cirrus Logic Inc. | 0.04% | 7,500 | $747K | New |
| AVGO Broadcom Inc. | 0.02% | 2,000 | $335K | New |
| CRDO Credo Technology Group Holdi | 0.02% | 8,200 | $329K | New |
| SLAB Silicon Laboratories Inc. | 0.01% | 2,700 | $304K | Reduce -88.3% |
Options reported separately and not counted above: SPOT puts ($112.2M), BABA calls ($85.9M), QQQ puts ($85.0M), SMH puts ($84.6M), NTRA puts ($74.9M), VRNA puts ($57.1M), IWM puts ($55.9M), JPM calls ($49.1M), SNOW puts ($48.2M), AAPL puts ($48.2M), LNG puts ($46.3M), TSLA puts ($45.4M), and 70 more.
Portfolio Sells Q4 2024 → Q1 2025
| ALAB Astera Labs Inc. | Reduce -52.0% | 1.73% | −3.87 |
| RDDT Reddit Inc. Class A | Reduce -45.0% | 3.25% | −3.18 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -71.9% | 1.54% | −3.01 |
| TSEM Tower Semiconductor Ltd. | Reduce -54.0% | 1.67% | −1.99 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −1.93 |
| GKOS Glaukos Corp. | Reduce -39.6% | 2.08% | −1.58 |
| SRPT Sarepta Therapeutics Inc. | Sold out | 0.00% | −1.54 |
| MDB Mongodb Inc. | Sold out | 0.00% | −1.51 |
| PRIM Primoris Services Corp. | Sold out | 0.00% | −1.35 |
| ESTA Establishment Labs Holdings | Reduce -65.2% | 0.69% | −0.87 |
| SEI Solaris Energy Infrastructur | Reduce -41.0% | 1.48% | −0.83 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.82 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.80 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.78 |
| VRT Vertiv Holdings Co. Class A | Reduce -33.9% | 1.15% | −0.76 |
| NVDA Nvidia Corp. | Reduce -31.5% | 2.47% | −0.65 |
| VST Vistra Corp. | Sold out | 0.00% | −0.62 |
| MNDY Monday.com Ltd. | Reduce -67.3% | 0.57% | −0.61 |
| VICR Vicor Corp. | Sold out | 0.00% | −0.60 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.57 |
| UPST Upstart Holdings Inc. | Reduce -31.7% | 1.48% | −0.55 |
| ACVA Acv Auctions Inc. Class A | Reduce -31.7% | 0.95% | −0.54 |
| NPWR Net Power Inc. | Sold out | 0.00% | −0.51 |
| FRSH Freshworks Inc. Class A | Sold out | 0.00% | −0.47 |
| CLBT Cellebrite Di Ltd. | Sold out | 0.00% | −0.40 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.39 |
| PRCT Procept Biorobotics Corp. | Reduce -25.6% | 1.15% | −0.34 |
| PAY Paymentus Holdings Inc. Class A | Reduce -65.3% | 0.22% | −0.33 |
| FVRR Fiverr International Ltd. | Sold out | 0.00% | −0.31 |
| NVMI Nova Ltd. | Sold out | 0.00% | −0.26 |
| AEYE Audioeye Inc. | Sold out | 0.00% | −0.26 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −0.26 |
| SIMO Silicon Motion Technol-ADR | Reduce -43.9% | 0.69% | −0.23 |
| CEG Constellation Energy | Reduce -31.2% | 1.43% | −0.18 |
| EQT Eqt Corp. | Reduce -63.2% | 0.28% | −0.18 |
| BLND Blend Labs Inc. Class A | Reduce -60.3% | 0.12% | −0.15 |
| IESC Ies Holdings Inc. | Reduce -36.8% | 0.42% | −0.14 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.13 |
| CVNA Carvana Co. | Reduce -35.1% | 2.18% | −0.10 |
| JBL Jabil Inc. | Sold out | 0.00% | −0.10 |
| SLAB Silicon Laboratories Inc. | Reduce -88.3% | 0.01% | −0.08 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -22.9% | 0.74% | −0.03 |
| NTRA Natera Inc. | Reduce -22.5% | 3.86% | −0.03 |
| AXON Axon Enterprise Inc. | Reduce -1.1% | 1.47% | +0.30 |
| AEIS Advanced Energy Industries | Reduce -4.1% | 2.71% | +0.32 |
| GEV GE Vernova Inc. | Reduce -17.0% | 3.93% | +0.37 |
| SNOW Snowflake Inc. | Reduce -11.5% | 2.55% | +0.42 |
| CVLT Commvault Systems Inc. | Reduce -17.5% | 3.67% | +0.70 |
| SKY Champion Homes Inc. | Reduce -5.7% | 2.26% | +0.70 |
Portfolio Buys Q4 2024 → Q1 2025
| VRNA Verona Pharma Ltd. | Add +22.1% | 7.07% | +4.12 |
| WGS Genedx Holdings Corp. | Add +59.2% | 5.11% | +3.16 |
| WAY Waystar Holding Corp. | Add +89.8% | 3.32% | +2.12 |
| ALGM Allegro Microsystems Inc. | Add +154.1% | 2.74% | +2.08 |
| BBIO Bridgebio Pharma Inc. | New | 1.87% | +1.87 |
| ARGX Argenx SE - ADR | Add +170.2% | 2.27% | +1.66 |
| MELI MercadoLibre Inc. | Add +908.1% | 1.74% | +1.64 |
| DOCS Doximity Inc. Class A | New | 1.40% | +1.40 |
| AKRO Akero Therapeutics Inc. | New | 1.13% | +1.13 |
| TEAM Atlassian Corp. Class A | New | 1.12% | +1.12 |
| INSM Insmed Inc. | Add +10.3% | 2.58% | +1.10 |
| TTD Trade Desk Inc./the Class A | Add +189.4% | 2.28% | +1.10 |
| FIX Comfort Systems USA Inc. | New | 1.08% | +1.08 |
| COMP Compass Inc. Class A | Add +56.5% | 1.51% | +1.06 |
| LRCX Lam Research Corp. | New | 0.95% | +0.95 |
| IOT Samsara Inc. Class A | Add +8.1% | 2.82% | +0.74 |
| MIR Mirion Technologies Inc. | New | 0.62% | +0.62 |
| ALKT Alkami Technology Inc. | New | 0.21% | +0.21 |
| VIAV Viavi Solutions Inc. | Add +58.1% | 0.34% | +0.20 |
| KRMN Karman Holdings Inc. | New | 0.12% | +0.12 |
| VPG Vishay Precision Group | New | 0.10% | +0.10 |
| ESTC Elastic NV | Add +20.0% | 0.26% | +0.09 |
| THRY Thryv Holdings Inc. | New | 0.09% | +0.09 |
| CRUS Cirrus Logic Inc. | New | 0.04% | +0.04 |
| AVGO Broadcom Inc. | New | 0.02% | +0.02 |
| CRDO Credo Technology Group Holdi | New | 0.02% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| ALAB Astera Labs Inc. | put | Sold out | 1,149,300 | $152.2Mbefore exit |
| SPOT Spotify Technology SA | put | Reduce -8.1% | 204,000 | $112.2M |
| BABA Alibaba Group Holding-SP ADR | call | New | 650,000 | $85.9M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +95.9% | 181,200 | $85.0M |
| SMH Vaneck Semiconductor ETF | put | Add +769.6% | 400,000 | $84.6M |
| NTRA Natera Inc. | put | Reduce -7.1% | 529,600 | $74.9M |
| MSFT Microsoft Corp. | call | Sold out | 146,000 | $61.5Mbefore exit |
| VRNA Verona Pharma Ltd. | put | New | 900,000 | $57.1M |
| IWM iShares Russell 2000 ETF | put | Add +180.0% | 280,000 | $55.9M |
| AMZN Amazon.com Inc. | call | Sold out | 250,000 | $54.8Mbefore exit |
| JPM JPMorgan Chase & Co. | call | New | 200,000 | $49.1M |
| SNOW Snowflake Inc. | put | Reduce -11.3% | 330,000 | $48.2M |
| AAPL Apple Inc. | put | Reduce -3.6% | 217,000 | $48.2M |
| LNG Cheniere Energy Inc. | put | New | 200,000 | $46.3M |
| TSLA Tesla Inc. | put | Reduce -63.0% | 175,000 | $45.4M |
| CVLT Commvault Systems Inc. | put | Reduce -31.6% | 260,000 | $41.0M |
| NVDA Nvidia Corp. | put | Sold out | 300,000 | $40.3Mbefore exit |
| MDB Mongodb Inc. | put | Sold out | 164,000 | $38.2Mbefore exit |
| IOT Samsara Inc. Class A | put | Sold out | 870,000 | $38.0Mbefore exit |
| SKY Champion Homes Inc. | put | New | 400,000 | $37.9M |
| META Meta Platforms Inc. Class A | put | New | 65,000 | $37.5M |
| DDOG Datadog Inc. Class A | put | Sold out | 246,000 | $35.2Mbefore exit |
| AMD Advanced Micro Devices | call | New | 325,000 | $33.4M |
| GEV GE Vernova Inc. | put | Sold out | 100,000 | $32.9Mbefore exit |
| MTUM iShares MSCI USA Momentum Fa | put | Sold out | 150,000 | $31.0Mbefore exit |
| CEG Constellation Energy | put | Reduce -30.2% | 150,000 | $30.2M |
| HOOD Robinhood Markets Inc. Class A | call | New | 725,000 | $30.2M |
| IGV iShares Expanded Tech-Softwa | put | Sold out | 300,000 | $30.0Mbefore exit |
| DOCS Doximity Inc. Class A | put | New | 501,000 | $29.1M |
| MELI MercadoLibre Inc. | call | New | 14,600 | $28.5M |
| NEE Nextera Energy Inc. | put | Add +166.7% | 400,000 | $28.4M |
| LII Lennox International Inc. | put | New | 50,000 | $28.0M |
| UPST Upstart Holdings Inc. | put | Reduce -35.5% | 600,000 | $27.6M |
| FSLR First Solar Inc. | call | Sold out | 146,000 | $25.7Mbefore exit |
| CRDO Credo Technology Group Holdi | call | New | 608,000 | $24.4M |
| LLY Eli Lilly & Co. | put | Sold out | 31,600 | $24.4Mbefore exit |
| ENPH Enphase Energy Inc. | call | Sold out | 350,000 | $24.0Mbefore exit |
| VRT Vertiv Holdings Co. Class A | put | Add +32.0% | 330,000 | $23.8M |
| SPHB Invesco S&P 500 High Beta Et | put | New | 300,000 | $23.5M |
| DT Dynatrace Inc. | call | Sold out | 412,000 | $22.4Mbefore exit |
| OKLO Oklo Inc. | put | Sold out | 1,000,000 | $21.2Mbefore exit |
| AXON Axon Enterprise Inc. | put | Add +344.4% | 40,000 | $21.0M |
| CVNA Carvana Co. | put | Reduce -65.6% | 100,000 | $20.9M |
| AR Antero Resources Corp. | call | Sold out | 595,900 | $20.9Mbefore exit |
| TSLA Tesla Inc. | call | New | 80,000 | $20.7M |
| RIVN Rivian Automotive Inc. Class A | call | New | 1,660,000 | $20.7M |
| IWM iShares Russell 2000 ETF | call | Reduce -44.4% | 100,000 | $19.9M |
| NFLX Netflix Inc. | call | New | 21,000 | $19.6M |
| ARGX Argenx SE - ADR | put | New | 32,000 | $18.9M |
| VRNA Verona Pharma Ltd. | call | Sold out | 400,000 | $18.6Mbefore exit |
Showing the first 50 of 130.
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 |