Valiant Capital Management, L.P. In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Valiant Capital Management, L.P. reported 24 stock positions worth $848.9 million . Its top holding was Maplebear (CART) at 24.6% of the portfolio, followed by Microsoft (MSFT, 7.2% ) and Salesforce (CRM, 7.0% ). Compared with Q4 2023, it opened 7 new positions, sold out of 3, added to 1 and reduced 12. The biggest buy was Nvidia (NVDA, shares +91% ) and the biggest sale an exit from Palo Alto Networks (PANW).
Location San Francisco, CA
CIK 0001452689
Portfolio Value $848.9M (Q1 2024) Holdings 24 stocks · $848.9M 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 2023 CART Maplebear Inc. 5,599,505 $208.8M Reduce -31.7% MSFT Microsoft Corp. 145,598 $61.3M Reduce -14.9% CRM Salesforce Inc. 196,536 $59.2M No change AMZN Amazon.com Inc. 266,909 $48.1M No change AMD Advanced Micro Devices 227,400 $41.0M Reduce -24.8% NVDA Nvidia Corp. 45,000 $40.7M Add +90.7% LLY Eli Lilly & Co. 48,100 $37.4M No change TTWO Take-Two Interactive Softwre 248,600 $36.9M Reduce -12.7% CRWD CrowdStrike Holdings Inc. Class A 111,200 $35.6M Reduce -36.5% GDX Vaneck Gold Miners ETF 945,500 $29.9M No change NFLX Netflix Inc. 48,733 $29.6M Reduce -21.3% DECK Deckers Outdoor Corp. 31,300 $29.5M Reduce -34.1% NOW ServiceNow Inc. 36,806 $28.1M Reduce -13.0% Z Zillow Group Inc. Class C 514,126 $25.1M Reduce -9.2% AVGO Broadcom Inc. 18,400 $24.4M New MRVL Marvell Technology Inc. 310,500 $22.0M New TKO Tko Group Holdings Inc. 236,200 $20.4M New NBR Nabors Industries Ltd. 218,200 $18.8M New EDR Endeavor Group Hold Class A 601,474 $15.5M Reduce -26.1% CRDO Credo Technology Group Holdi 699,100 $14.8M New RUM Rum Group Inc. filed as RUMBLE INC 1,364,973 $11.0M New SMR Nuscale Power Corp. 1,162,400 $6.2M New UBER Uber Technologies Inc. 59,464 $4.6M Reduce -56.3% WGHTQ WW International Inc. filed as WW INTL INC 51,020 $94K Reduce -95.0%
Options reported separately and not counted above: QQQ puts ($202.5M), SOXX puts ($169.4M), TLT calls ($146.7M), GLD calls ($111.1M), TSM calls ($49.0M), ABR puts ($42.0M), SMR puts ($5.3M), SMR calls ($4.0M).
Portfolio Sells Q4 2023 → Q1 2024 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 2023 % Of Portfolio Change To Portfolio ▲ PANW Palo Alto Networks Inc. Sold out 0.00% −5.43 SLB SLB Ltd. Sold out 0.00% −3.09 CPRT Copart Inc. Sold out 0.00% −2.43 CRWD CrowdStrike Holdings Inc. Class A Reduce -36.5% 4.20% −1.38 TTWO Take-Two Interactive Softwre Reduce -12.7% 4.35% −1.36 Z Zillow Group Inc. Class C Reduce -9.2% 2.95% −1.13 WGHTQ WW International Inc. Reduce -95.0% 0.01% −1.11 MSFT Microsoft Corp. Reduce -14.9% 7.22% −0.80 AMD Advanced Micro Devices Reduce -24.8% 4.83% −0.72 EDR Endeavor Group Hold Class A Reduce -26.1% 1.82% −0.59 UBER Uber Technologies Inc. Reduce -56.3% 0.54% −0.50 DECK Deckers Outdoor Corp. Reduce -34.1% 3.47% −0.49 NOW ServiceNow Inc. Reduce -13.0% 3.31% −0.42 NFLX Netflix Inc. Reduce -21.3% 3.49% −0.27 CART Maplebear Inc. Reduce -31.7% 24.60% +0.61
Portfolio Buys Q4 2023 → Q1 2024 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 2023 % Of Portfolio Change To Portfolio ▼ NVDA Nvidia Corp. Add +90.7% 4.79% +3.33 AVGO Broadcom Inc. New 2.87% +2.87 MRVL Marvell Technology Inc. New 2.59% +2.59 TKO Tko Group Holdings Inc. New 2.40% +2.40 NBR Nabors Industries Ltd. New 2.21% +2.21 CRDO Credo Technology Group Holdi New 1.75% +1.75 RUM Rum Group Inc. New 1.30% +1.30 SMR Nuscale Power Corp. New 0.73% +0.73
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ IWM iShares Russell 2000 ETF put Sold out 1,015,000 $203.7Mbefore exit QQQ Invesco QQQ Trust Series 1 put Reduce -38.4% 456,000 $202.5M IWM iShares Russell 2000 ETF call Sold out 913,000 $183.2Mbefore exit SOXX iShares Semiconductor ETF put New 750,000 $169.4M TLT iShares 20+ Year Treasury BD call Reduce -47.9% 1,550,000 $146.7M GLD SPDR Gold Shares call Reduce -59.7% 540,000 $111.1M TSM Taiwan Semiconductor-SP ADR call New 360,000 $49.0M ABR Arbor Realty Trust Inc. put New 3,170,000 $42.0M SMR Nuscale Power Corp. put New 1,000,000 $5.3M SMR Nuscale Power Corp. call New 750,000 $4.0M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 25 $1.6B IWM, SPY, CORZ, SEI, GEV Q1 2026 28 $1.3B SPY, IWM, CORZ, GEV, SEI Q4 2025 29 $1.2B SPY, IWM, CORZ, GEV, AVGO Q3 2025 28 $1.1B CORZ, SPY, IWM, AGX, GEV Q2 2025 29 $1.3B IWM, SPY, AGX, GEV, CORZ Q1 2025 29 $927.2M SPY, IWM, AGX, CART, TKO Q4 2024 27 $747.4M CORZ, CART, AGX, AVGO, TKO Q3 2024 23 $731.7M CART, CORZ, MSFT, TKO, AVGO Q2 2024 24 $848.2M CART, MSFT, TKO, AMZN, CORZ Q1 2024 24 $848.9M CART, MSFT, CRM, AMZN, AMD