Tybourne Capital Management (hk) Ltd.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Tybourne Capital Management (hk) Ltd. reported 38 stock positions worth $584.9 million. Its top holding was Canadian Pacific Kansas City (CP) at 12.2% of the portfolio, followed by Texas Instruments (TXN, 10.7%) and Iqvia (IQV, 8.2%). Compared with Q4 2023, it opened 7 new positions, sold out of 4, added to 10 and reduced 17. The biggest buy was Texas Instruments (TXN, shares +73%) and the biggest sale Microsoft (MSFT, shares −98%).
- Most Recent 13F
- Q3 2025
- Location
- HONG KONG, K3
- CIK
- 0001553936
- Portfolio Value
- $584.9M (Q1 2024)
- SEC Filing
- 0001553936-24-000004 ↗ filed May 15, 2024
Holdings Value
Holdings 38 stocks · $584.9M
| CP Canadian Pacific Kansas City | 12.25% | 812,599 | $71.6M | Reduce -12.6% |
| TXN Texas Instruments Inc. | 10.65% | 357,692 | $62.3M | Add +72.9% |
| IQV Iqvia Holdings Inc. | 8.18% | 189,090 | $47.8M | Add +7.8% |
| LIN Linde PLC | 7.84% | 98,755 | $45.9M | Add +2.0% |
| BCYC Bicycle Therapeutics PLC-ADR | 6.58% | 1,545,026 | $38.5M | Reduce -6.4% |
| ZG Zillow Group Inc. Class A | 6.40% | 781,962 | $37.4M | Add +76.0% |
| AMZN Amazon.com Inc. | 5.94% | 192,775 | $34.8M | Reduce -12.8% |
| EPAM Epam Systems Inc. | 5.64% | 119,412 | $33.0M | Reduce -15.3% |
| V Visa Inc. Class A | 5.49% | 114,959 | $32.1M | Reduce -42.0% |
| SPGI S&P Global Inc. | 5.27% | 72,406 | $30.8M | Reduce -44.1% |
| SE Sea Ltd.-ADR | 4.71% | 512,735 | $27.5M | Add +17.8% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 3.96% | 1,688,268 | $23.2M | Reduce -14.0% |
| STNE Stoneco Ltd. Class A | 3.76% | 1,323,515 | $22.0M | Reduce -12.6% |
| SLRN Acelyrin Inc. | 3.35% | 2,906,629 | $19.6M | No change |
| ZNTL Zentalis Pharmaceuticals Inc. | 2.59% | 961,486 | $15.2M | No change |
| TSHA Taysha Gene Therapies Inc. | 1.82% | 3,700,000 | $10.6M | No change |
| DASH DoorDash Inc. Class A | 0.44% | 18,862 | $2.6M | Reduce -24.8% |
| FORTE BIOSCIENCES INC | 0.43% | 3,624,548 | $2.5M | No change |
| STX Seagate Technology Holdings | 0.43% | 26,803 | $2.5M | Add +57.1% |
| MU Micron Technology Inc. | 0.41% | 20,530 | $2.4M | Add +72.6% |
| XYZ Block Inc. | 0.37% | 25,715 | $2.2M | Reduce -34.2% |
| PCOR Procore Technologies Inc. | 0.34% | 24,311 | $2.0M | Add +25.3% |
| META Meta Platforms Inc. Class A | 0.30% | 3,560 | $1.7M | Reduce -38.0% |
| NVDA Nvidia Corp. | 0.29% | 1,857 | $1.7M | Reduce -40.0% |
| IMXI International Money Express | 0.27% | 70,222 | $1.6M | Reduce -42.6% |
| GPN Global Payments Inc. | 0.27% | 11,932 | $1.6M | Reduce -7.2% |
| MELI MercadoLibre Inc. | 0.24% | 941 | $1.4M | Reduce -29.8% |
| CARG Cargurus Inc. | 0.24% | 61,325 | $1.4M | Add +47.0% |
| SMAR Smartsheet Inc. Class A | 0.23% | 35,283 | $1.4M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.22% | 9,411 | $1.3M | Reduce -17.2% |
| MSFT Microsoft Corp. | 0.16% | 2,265 | $953K | Reduce -98.4% |
| ZIP Ziprecruiter Inc. Class A | 0.16% | 82,212 | $945K | New |
| PANW Palo Alto Networks Inc. | 0.16% | 3,225 | $916K | New |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.13% | 5,905 | $760K | New |
| NEE Nextera Energy Inc. | 0.13% | 11,456 | $732K | New |
| AMAT Applied Materials Inc. | 0.12% | 3,469 | $715K | New |
| OPEN Opendoor Technologies Inc. | 0.12% | 225,779 | $684K | Add +22.9% |
| NRDS Nerdwallet Inc. Class A | 0.11% | 45,000 | $662K | New |
Portfolio Sells Q4 2023 → Q1 2024
| MSFT Microsoft Corp. | Reduce -98.4% | 0.16% | −7.78 |
| HTHT H World Group Ltd.-ADR | Sold out | 0.00% | −4.16 |
| SPGI S&P Global Inc. | Reduce -44.1% | 5.27% | −3.23 |
| LIANY Lianbio-ADR | Sold out | 0.00% | −2.26 |
| V Visa Inc. Class A | Reduce -42.0% | 5.49% | −2.20 |
| BEKE Ke Holdings Inc.-ADR | Reduce -14.0% | 3.96% | −0.78 |
| EPAM Epam Systems Inc. | Reduce -15.3% | 5.64% | −0.61 |
| STNE Stoneco Ltd. Class A | Reduce -12.6% | 3.76% | −0.31 |
| IMXI International Money Express | Reduce -42.6% | 0.27% | −0.13 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.12 |
| PLNT Planet Fitness Inc. Class A | Sold out | 0.00% | −0.12 |
| XYZ Block Inc. | Reduce -34.2% | 0.37% | −0.08 |
| MELI MercadoLibre Inc. | Reduce -29.8% | 0.24% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -38.0% | 0.30% | −0.01 |
| GPN Global Payments Inc. | Reduce -7.2% | 0.27% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -17.2% | 0.22% | +0.04 |
| NVDA Nvidia Corp. | Reduce -40.0% | 0.29% | +0.06 |
| DASH DoorDash Inc. Class A | Reduce -24.8% | 0.44% | +0.07 |
| AMZN Amazon.com Inc. | Reduce -12.8% | 5.94% | +0.94 |
| CP Canadian Pacific Kansas City | Reduce -12.6% | 12.25% | +1.30 |
| BCYC Bicycle Therapeutics PLC-ADR | Reduce -6.4% | 6.58% | +2.13 |
Portfolio Buys Q4 2023 → Q1 2024
| TXN Texas Instruments Inc. | Add +72.9% | 10.65% | +5.40 |
| ZG Zillow Group Inc. Class A | Add +76.0% | 6.40% | +2.64 |
| IQV Iqvia Holdings Inc. | Add +7.8% | 8.18% | +2.13 |
| SE Sea Ltd.-ADR | Add +17.8% | 4.71% | +2.08 |
| LIN Linde PLC | Add +2.0% | 7.84% | +1.91 |
| MU Micron Technology Inc. | Add +72.6% | 0.41% | +0.26 |
| SMAR Smartsheet Inc. Class A | New | 0.23% | +0.23 |
| STX Seagate Technology Holdings | Add +57.1% | 0.43% | +0.21 |
| ZIP Ziprecruiter Inc. Class A | New | 0.16% | +0.16 |
| PANW Palo Alto Networks Inc. | New | 0.16% | +0.16 |
| PCOR Procore Technologies Inc. | Add +25.3% | 0.34% | +0.14 |
| KSPI JSC Kaspi.kz ADR | New | 0.13% | +0.13 |
| NEE Nextera Energy Inc. | New | 0.13% | +0.13 |
| AMAT Applied Materials Inc. | New | 0.12% | +0.12 |
| NRDS Nerdwallet Inc. Class A | New | 0.11% | +0.11 |
| CARG Cargurus Inc. | Add +47.0% | 0.24% | +0.09 |
| OPEN Opendoor Technologies Inc. | Add +22.9% | 0.12% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 4 | $30.9M | TSHA, FBRX, ALMS, ZNTL |
| Q2 2025 | 6 | $34.5M | FBRX, TSHA, BCYC, ALMS, MBUU |
| Q1 2025 | 5 | $23.6M | SLRN, TSHA, BCYC, FBRX, ZNTL |
| Q4 2024 | 33 | $398.4M | CP, IQV, ADSK, EPAM, LPLA |
| Q3 2024 | 32 | $356.7M | TXN, CP, LPLA, EPAM, IQV |
| Q2 2024 | 36 | $491.7M | TXN, CP, ZG, EPAM, IQV |
| Q1 2024 | 38 | $584.9M | CP, TXN, IQV, LIN, BCYC |