In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Tikvah Management LLC reported 23 stock positions worth $288.5 million . Its top holding was Amazon.com (AMZN) at 20.9% of the portfolio, followed by Alphabet Class A (GOOGL, 11.4% ) and Bio-Rad Laboratories-A (BIO, 9.4% ). Compared with Q4 2024, it opened 1 new position, sold out of 1, added to 2 and reduced 6. The biggest buy was a new position in Resolute Holdings Manag (RHLD) and the biggest sale Bill (BILL, shares −46% ).
Location Charlotte, NC
CIK 0001606477
Portfolio Value $288.5M (Q1 2025) Holdings 23 stocks · $288.5M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 AMZN Amazon.com Inc. 317,080 $60.3M No change GOOGL Alphabet Inc. Class A 213,150 $33.0M Reduce -3.4% BIO Bio-Rad Laboratories-A 111,084 $27.1M Reduce -6.0% GPGI Gpgi Inc. filed as COMPOSECURE INC 2,249,786 $24.5M No change SPY SS SPDR S&P 500 ETF Trust-US 33,104 $18.5M Reduce -9.9% PCOR Procore Technologies Inc. 265,939 $17.6M Reduce -19.4% GOOG Alphabet Inc. Class C 82,530 $12.9M No change PAYO Payoneer Global Inc. 1,692,133 $12.4M Add +31.0% MTCH Match Group Inc. 373,200 $11.6M No change DLO Dlocal Ltd. 1,054,499 $8.8M Add +16.9% AVDX Avidxchange Holdings Inc. 982,818 $8.3M No change RHLD Resolute Holdings Manag 247,480 $7.8M New ATYR Atyr Pharma Inc. 2,460,833 $7.4M No change LAB Standard Biotools Inc. 6,551,058 $7.1M No change ETHA iShares Ethereum Trust ETF 124,000 $5.8M Reduce -64.9% IAU iShares Gold Trust 82,230 $4.8M No change VWO Vanguard Ftse Emerging Marke 101,580 $4.6M No change SMRT Smartrent Inc. 3,335,122 $4.0M No change QTRX Quanterix Corp. 571,619 $3.7M No change BILL Bill Holdings Inc. 57,590 $2.6M Reduce -45.7% STRA Strategic Education Inc. 30,858 $2.6M No change INDA iShares MSCI India ETF 47,200 $2.4M No change NAUT Nautilus Biotechnology Inc. 726,895 $626K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $5.1M (not counted above) Security Class Shares / Principal Value Change CMPOW Composecure Inc. -CW25 *W EXP 12/27/202 1,343,637 $5.1M Reduce -34.3%
Total filed on the 13F, all lines: $293.6M.
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ BILL Bill Holdings Inc. Reduce -45.7% 0.92% −1.60 BIO Bio-Rad Laboratories-A Reduce -6.0% 9.38% −1.47 PCOR Procore Technologies Inc. Reduce -19.4% 6.09% −0.83 ETHA iShares Ethereum Trust ETF Reduce -64.9% 2.01% −0.49 GOOGL Alphabet Inc. Class A Reduce -3.4% 11.43% −0.25 OMIC Singular Genomics Systems Inc. Sold out 0.00% −0.06 SPY SS SPDR S&P 500 ETF Trust-US Reduce -9.9% 6.42% +0.40
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ RHLD Resolute Holdings Manag New 2.69% +2.69 PAYO Payoneer Global Inc. Add +31.0% 4.29% +0.66 DLO Dlocal Ltd. Add +16.9% 3.05% +0.21
Notes & Other Activity Q4 2024 → Q1 2025 Security Class Change vs Q4 2024 Shares / Principal Value ▼ CMPOW Composecure Inc. -CW25 *W EXP 12/27/202 Reduce -34.3% 1,343,637 $5.1M
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 19 $329.2M GOOGL, AMZN, RHLD, SPY, GOOG Q1 2026 21 $322.8M AMZN, GOOGL, RHLD, BIO, SPY Q4 2025 23 $374.2M AMZN, GOOGL, RHLD, BIO, GPGI Q3 2025 22 $333.3M AMZN, GOOGL, GPGI, BIO, SPY Q2 2025 21 $302.8M AMZN, GOOGL, GPGI, BIO, SPY Q1 2025 23 $288.5M AMZN, GOOGL, BIO, GPGI, SPY Q4 2024 23 $357.6M AMZN, GOOGL, BIO, GPGI, PCOR Q3 2024 23 $314.9M AMZN, BIO, GOOGL, GPGI, SPY Q2 2024 24 $305.8M AMZN, GOOGL, BIO, PCOR, STRA Q1 2024 22 $317.8M AMZN, BIO, GOOGL, PCOR, SPY