Totem Point Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Totem Point Management, LLC reported 12 stock positions worth $95.0 million. Its top holding was Spotify Technology (SPOT) at 11.6% of the portfolio, followed by S&P Global (SPGI, 11.2%) and Nvidia (NVDA, 11.0%). Compared with Q1 2025, it opened 2 new positions, sold out of 3, added to 4 and reduced 6. The biggest buy was a new position in Micron Technology (MU) and the biggest sale S&P Global (SPGI, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001759364
- Portfolio Value
- $95.0M (Q2 2025)
- SEC Filing
- 0001759364-25-000004 ↗ filed Aug 14, 2025
Holdings Value
Holdings 12 stocks · $95.0M
| SPOT Spotify Technology SA | 11.63% | 14,397 | $11.0M | Reduce -41.0% |
| SPGI S&P Global Inc. | 11.15% | 20,083 | $10.6M | Reduce -25.7% |
| NVDA Nvidia Corp. | 10.98% | 66,014 | $10.4M | Add +75.2% |
| TTWO Take-Two Interactive Softwre | 10.53% | 41,161 | $10.0M | Reduce -34.1% |
| SE Sea Ltd.-ADR | 10.46% | 62,078 | $9.9M | Reduce -27.8% |
| TSM Taiwan Semiconductor-SP ADR | 9.66% | 40,518 | $9.2M | Reduce -20.1% |
| RBLX Roblox Corp. Class A | 9.38% | 84,716 | $8.9M | Add +66.6% |
| AVGO Broadcom Inc. | 9.18% | 31,613 | $8.7M | Add +65.5% |
| MU Micron Technology Inc. | 6.40% | 49,318 | $6.1M | New |
| BKNG Booking Holdings Inc. | 5.22% | 857 | $5.0M | Add +55.0% |
| MMYT Makemytrip Ltd. | 3.70% | 35,814 | $3.5M | Reduce -21.9% |
| DDOG Datadog Inc. Class A | 1.71% | 12,054 | $1.6M | New |
Portfolio Sells Q1 2025 → Q2 2025
| SPGI S&P Global Inc. | Reduce -25.7% | 11.15% | −5.77 |
| TTWO Take-Two Interactive Softwre | Reduce -34.1% | 10.53% | −5.41 |
| SPOT Spotify Technology SA | Reduce -41.0% | 11.63% | −4.88 |
| SE Sea Ltd.-ADR | Reduce -27.8% | 10.46% | −3.36 |
| GRMN Garmin Ltd. | Sold out | 0.00% | −2.69 |
| MMYT Makemytrip Ltd. | Reduce -21.9% | 3.70% | −1.84 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −1.77 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -20.1% | 9.66% | −0.71 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.67 |
Portfolio Buys Q1 2025 → Q2 2025
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 |