Think Investments LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Think Investments LP reported 20 stock positions worth $756.6 million. Its top holding was Reddit Class A (RDDT) at 10.1% of the portfolio, followed by Amazon.com (AMZN, 9.4%) and Taskus Class A (TASK, 8.8%). Compared with Q2 2025, it opened 6 new positions, sold out of 7, added to 2 and reduced 3. The biggest buy was a new position in Semtech (SMTC) and the biggest sale an exit from PDD (PDD).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0001635999
- Portfolio Value
- $756.6M (Q3 2025)
- SEC Filing
- 0001635999-25-000009 ↗ filed Nov 14, 2025
Holdings Value
Holdings 20 stocks · $756.6M
| RDDT Reddit Inc. Class A | 10.09% | 332,000 | $76.4M | Add +23.9% |
| AMZN Amazon.com Inc. | 9.44% | 325,275 | $71.4M | No change |
| TASK Taskus Inc. Class A | 8.81% | 3,734,665 | $66.7M | No change |
| SMTC Semtech Corp. | 7.75% | 820,400 | $58.6M | New |
| TTMI TTM Technologies | 6.04% | 793,100 | $45.7M | New |
| GTLB Gitlab Inc. Class A | 5.89% | 988,200 | $44.5M | Add +43.8% |
| BABA Alibaba Group Holding-SP ADR | 5.73% | 242,548 | $43.4M | No change |
| MELI MercadoLibre Inc. | 5.65% | 18,300 | $42.8M | No change |
| MRVL Marvell Technology Inc. | 5.27% | 474,000 | $39.8M | New |
| IBN Icici Bank Ltd.-Spon ADR | 5.16% | 1,292,200 | $39.1M | No change |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 5.12% | 222,800 | $38.7M | Reduce -10.8% |
| ATAT Atour Lifestyle Holdings-ADR | 4.46% | 897,500 | $33.7M | No change |
| SE Sea Ltd.-ADR | 4.11% | 174,000 | $31.1M | No change |
| SIMO Silicon Motion Technol-ADR | 3.63% | 289,300 | $27.4M | Reduce -17.2% |
| CLS Celestica Inc. | 3.22% | 98,800 | $24.3M | Reduce -33.3% |
| COMP Compass Inc. Class A | 2.80% | 2,637,700 | $21.2M | New |
| AVGO Broadcom Inc. | 2.06% | 47,300 | $15.6M | New |
| SNAP Snap Inc. Class A | 2.05% | 2,016,200 | $15.5M | No change |
| GOOG Alphabet Inc. Class C | 1.39% | 43,163 | $10.5M | No change |
| QFIN Qfin Holdings Inc.-ADR | 1.33% | 349,900 | $10.1M | New |
Portfolio Sells Q2 2025 → Q3 2025
| PDD PDD Holdings Inc. | Sold out | 0.00% | −4.65 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −3.29 |
| PENG Penguin Solutions Inc. | Sold out | 0.00% | −3.11 |
| FSLR First Solar Inc. | Sold out | 0.00% | −1.66 |
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −1.48 |
| SIMO Silicon Motion Technol-ADR | Reduce -17.2% | 3.63% | −0.93 |
| CLS Celestica Inc. | Reduce -33.3% | 3.22% | −0.79 |
| REAL The Realreal Inc. | Sold out | 0.00% | −0.75 |
| CAR Avis Budget Group Inc. | Sold out | 0.00% | −0.73 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -10.8% | 5.12% | −0.23 |
Portfolio Buys Q2 2025 → Q3 2025
| SMTC Semtech Corp. | New | 7.75% | +7.75 |
| TTMI TTM Technologies | New | 6.04% | +6.04 |
| MRVL Marvell Technology Inc. | New | 5.27% | +5.27 |
| RDDT Reddit Inc. Class A | Add +23.9% | 10.09% | +3.10 |
| COMP Compass Inc. Class A | New | 2.80% | +2.80 |
| AVGO Broadcom Inc. | New | 2.06% | +2.06 |
| QFIN Qfin Holdings Inc.-ADR | New | 1.33% | +1.33 |
| GTLB Gitlab Inc. Class A | Add +43.8% | 5.89% | +0.52 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $811.4M | MRVL, AMZN, LRCX, TSEM, AEVA |
| Q1 2026 | 30 | $741.6M | AMZN, MRVL, BABA, CLS, CRCL |
| Q4 2025 | 22 | $782.0M | AMZN, MRVL, SMTC, BABA, RDDT |
| Q3 2025 | 20 | $756.6M | RDDT, AMZN, TASK, SMTC, TTMI |
| Q2 2025 | 21 | $576.9M | AMZN, TASK, MELI, IBN, RDDT |
| Q1 2025 | 21 | $512.7M | AMZN, TASK, SE, IBN, MELI |
| Q4 2024 | 18 | $454.5M | AMZN, TASK, SNAP, RDDT, IBN |
| Q3 2024 | 17 | $511.7M | TWKS, AMZN, SNAP, IBN, MELI |
| Q2 2024 | 20 | $485.8M | AMZN, SNAP, IBN, XYZ, CAR |
| Q1 2024 | 20 | $448.2M | AMZN, XYZ, IBN, CAR, SNAP |