Totem Point Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Totem Point Management, LLC reported 15 stock positions worth $112.1 million. Its top holding was Nvidia (NVDA) at 12.7% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 10.8%) and Take-Two Interactive Softwre (TTWO, 9.9%). Compared with Q2 2025, it opened 4 new positions, sold out of 1, added to 6 and reduced 5. The biggest buy was a new position in AppLovin Class A (APP) and the biggest sale S&P Global (SPGI, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001759364
- Portfolio Value
- $112.1M (Q3 2025)
- SEC Filing
- 0001759364-25-000005 ↗ filed Nov 14, 2025
Holdings Value
Holdings 15 stocks · $112.1M
| NVDA Nvidia Corp. | 12.73% | 76,544 | $14.3M | Add +15.9% |
| TSM Taiwan Semiconductor-SP ADR | 10.79% | 43,307 | $12.1M | Add +6.9% |
| TTWO Take-Two Interactive Softwre | 9.89% | 42,951 | $11.1M | Add +4.3% |
| SPOT Spotify Technology SA | 9.07% | 14,566 | $10.2M | Add +1.2% |
| MU Micron Technology Inc. | 8.73% | 58,483 | $9.8M | Add +18.6% |
| RBLX Roblox Corp. Class A | 7.63% | 61,766 | $8.6M | Reduce -27.1% |
| SE Sea Ltd.-ADR | 7.01% | 43,978 | $7.9M | Reduce -29.2% |
| AVGO Broadcom Inc. | 6.98% | 23,712 | $7.8M | Reduce -25.0% |
| SPGI S&P Global Inc. | 5.37% | 12,369 | $6.0M | Reduce -38.4% |
| APP AppLovin Corp. Class A | 4.68% | 7,303 | $5.2M | New |
| MMYT Makemytrip Ltd. | 3.92% | 46,989 | $4.4M | Add +31.2% |
| SNDK Sandisk Corp. | 3.79% | 37,835 | $4.2M | New |
| BKNG Booking Holdings Inc. | 3.61% | 749 | $4.0M | Reduce -12.6% |
| BILL Bill Holdings Inc. | 3.36% | 71,225 | $3.8M | New |
| AMD Advanced Micro Devices | 2.46% | 17,019 | $2.8M | New |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
| APP AppLovin Corp. Class A | New | 4.68% | +4.68 |
| SNDK Sandisk Corp. | New | 3.79% | +3.79 |
| BILL Bill Holdings Inc. | New | 3.36% | +3.36 |
| AMD Advanced Micro Devices | New | 2.46% | +2.46 |
| MU Micron Technology Inc. | Add +18.6% | 8.73% | +2.32 |
| NVDA Nvidia Corp. | Add +15.9% | 12.73% | +1.75 |
| TSM Taiwan Semiconductor-SP ADR | Add +6.9% | 10.79% | +1.12 |
| MMYT Makemytrip Ltd. | Add +31.2% | 3.92% | +0.23 |
| TTWO Take-Two Interactive Softwre | Add +4.3% | 9.89% | −0.63 |
| SPOT Spotify Technology SA | Add +1.2% | 9.07% | −2.57 |
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 |