Totem Point Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Totem Point Management, LLC reported 13 stock positions worth $81.2 million. Its top holding was S&P Global (SPGI) at 16.9% of the portfolio, followed by Spotify Technology (SPOT, 16.5%) and Take-Two Interactive Softwre (TTWO, 15.9%). Compared with Q4 2024, it opened 3 new positions, sold out of 6, added to 5 and reduced 5. The biggest buy was Sea Ltd.-ADR (SE, shares +162%) and the biggest sale Booking (BKNG, shares −71%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001759364
- Portfolio Value
- $81.2M (Q1 2025)
- SEC Filing
- 0001759364-25-000002 ↗ filed May 15, 2025
Holdings Value
Holdings 13 stocks · $81.2M
| SPGI S&P Global Inc. | 16.92% | 27,031 | $13.7M | Add +4.8% |
| SPOT Spotify Technology SA | 16.52% | 24,380 | $13.4M | Add +17.1% |
| TTWO Take-Two Interactive Softwre | 15.94% | 62,435 | $12.9M | Add +3.4% |
| SE Sea Ltd.-ADR | 13.82% | 85,958 | $11.2M | Add +162.2% |
| TSM Taiwan Semiconductor-SP ADR | 10.38% | 50,744 | $8.4M | Reduce -12.5% |
| MMYT Makemytrip Ltd. | 5.54% | 45,879 | $4.5M | Add +36.6% |
| NVDA Nvidia Corp. | 5.03% | 37,687 | $4.1M | Reduce -31.7% |
| AVGO Broadcom Inc. | 3.94% | 19,101 | $3.2M | New |
| RBLX Roblox Corp. Class A | 3.65% | 50,845 | $3.0M | New |
| BKNG Booking Holdings Inc. | 3.14% | 553 | $2.5M | Reduce -71.0% |
| GRMN Garmin Ltd. | 2.69% | 10,073 | $2.2M | Reduce -42.5% |
| CHTR Charter Communications Inc. Class A | 1.77% | 3,905 | $1.4M | Reduce -33.4% |
| TEAM Atlassian Corp. Class A | 0.67% | 2,575 | $546K | New |
Portfolio Sells Q4 2024 → Q1 2025
| BKNG Booking Holdings Inc. | Reduce -71.0% | 3.14% | −6.90 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −6.79 |
| PEGA Pegasystems Inc. | Sold out | 0.00% | −3.98 |
| TSLA Tesla Inc. | Sold out | 0.00% | −3.26 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −2.89 |
| NVDA Nvidia Corp. | Reduce -31.7% | 5.03% | −2.82 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −2.79 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -12.5% | 10.38% | −1.77 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −1.35 |
| GRMN Garmin Ltd. | Reduce -42.5% | 2.69% | −1.13 |
| CHTR Charter Communications Inc. Class A | Reduce -33.4% | 1.77% | −0.36 |
Portfolio Buys Q4 2024 → Q1 2025
| SE Sea Ltd.-ADR | Add +162.2% | 13.82% | +10.13 |
| SPOT Spotify Technology SA | Add +17.1% | 16.52% | +6.65 |
| TTWO Take-Two Interactive Softwre | Add +3.4% | 15.94% | +4.16 |
| AVGO Broadcom Inc. | New | 3.94% | +3.94 |
| RBLX Roblox Corp. Class A | New | 3.65% | +3.65 |
| SPGI S&P Global Inc. | Add +4.8% | 16.92% | +3.30 |
| MMYT Makemytrip Ltd. | Add +36.6% | 5.54% | +1.54 |
| TEAM Atlassian Corp. Class A | New | 0.67% | +0.67 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $163.5M | CBRS, TSM, LRCX, NVDA, AMD |
| Q1 2026 | 17 | $78.4M | NVDA, AMD, ON, TSM, SPOT |
| Q4 2025 | 14 | $100.2M | SPOT, SPGI, TSM, NVDA, TTWO |
| Q3 2025 | 15 | $112.1M | NVDA, TSM, TTWO, SPOT, MU |
| Q2 2025 | 12 | $95.0M | SPOT, SPGI, NVDA, TTWO, SE |
| Q1 2025 | 13 | $81.2M | SPGI, SPOT, TTWO, SE, TSM |
| Q4 2024 | 16 | $94.4M | SPGI, TSM, TTWO, BKNG, SPOT |
| Q3 2024 | 16 | $94.6M | SPOT, SPGI, NVDA, ADI, TSM |
| Q2 2024 | 15 | $68.3M | SPOT, SPGI, TSM, ADI, NVDA |
| Q1 2024 | 16 | $91.4M | SPGI, NVDA, MSCI, MU, TSM |