Valiant Capital Management, L.P. In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Valiant Capital Management, L.P. reported 24 stock positions worth $848.2 million . Its top holding was Maplebear (CART) at 21.2% of the portfolio, followed by Microsoft (MSFT, 7.0% ) and Tko (TKO, 5.3% ). Compared with Q1 2024, it opened 6 new positions, sold out of 6, added to 2 and reduced 15. The biggest buy was a new position in Core Scientific (CORZ) and the biggest sale an exit from Deckers Outdoor (DECK).
Location San Francisco, CA
CIK 0001452689
Portfolio Value $848.2M (Q2 2024) Holdings 24 stocks · $848.2M 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 Q1 2024 CART Maplebear Inc. 5,585,329 $179.5M Reduce -0.3% MSFT Microsoft Corp. 133,680 $59.7M Reduce -8.2% TKO Tko Group Holdings Inc. 413,107 $44.6M Add +74.9% AMZN Amazon.com Inc. 229,147 $44.3M Reduce -14.2% CORZ Core Scientific Inc. 4,554,129 $42.4M New LLY Eli Lilly & Co. 46,060 $41.7M Reduce -4.2% AVGO Broadcom Inc. 24,721 $39.7M Add +34.4% AMD Advanced Micro Devices 210,708 $34.2M Reduce -7.3% CRM Salesforce Inc. 123,997 $31.9M Reduce -36.9% CRWD CrowdStrike Holdings Inc. Class A 82,904 $31.8M Reduce -25.4% CEG Constellation Energy 156,164 $31.3M New TTWO Take-Two Interactive Softwre 201,094 $31.3M Reduce -19.1% NFLX Netflix Inc. 45,597 $30.8M Reduce -6.4% NVDA Nvidia Corp. 231,562 $28.6M Reduce -48.5% IREN Iren Ltd. filed as IRIS ENERGY LTD 2,521,954 $28.5M New NOW ServiceNow Inc. 35,249 $27.7M Reduce -4.2% GDX Vaneck Gold Miners ETF 779,376 $26.4M Reduce -17.6% WDC Western Digital Corp. 309,535 $23.5M New Z Zillow Group Inc. Class C 491,912 $22.8M Reduce -4.3% NBR Nabors Industries Ltd. 208,946 $14.9M Reduce -4.2% CRDO Credo Technology Group Holdi 437,253 $14.0M Reduce -37.5% OKLO Oklo Inc. 914,195 $7.7M New BE Bloom Energy Corp. Class A 546,190 $6.7M New UBER Uber Technologies Inc. 59,464 $4.3M No change
Options reported separately and not counted above: TLT calls ($229.4M), QQQ puts ($198.8M), LLY puts ($117.7M), GLD calls ($116.1M), LRN puts ($103.6M), SOXX puts ($101.1M), KRE puts ($73.7M), TSM calls ($62.6M), CEG calls ($24.0M).
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ DECK Deckers Outdoor Corp. Sold out 0.00% −3.47 CART Maplebear Inc. Reduce -0.3% 21.17% −3.43 CRM Salesforce Inc. Reduce -36.9% 3.76% −3.21 MRVL Marvell Technology Inc. Sold out 0.00% −2.59 EDR Endeavor Group Hold Class A Sold out 0.00% −1.82 NVDA Nvidia Corp. Reduce -48.5% 3.37% −1.42 RUM Rum Group Inc. Sold out 0.00% −1.30 AMD Advanced Micro Devices Reduce -7.3% 4.03% −0.80 SMR Nuscale Power Corp. Sold out 0.00% −0.73 TTWO Take-Two Interactive Softwre Reduce -19.1% 3.69% −0.66 NBR Nabors Industries Ltd. Reduce -4.2% 1.75% −0.46 CRWD CrowdStrike Holdings Inc. Class A Reduce -25.4% 3.75% −0.45 AMZN Amazon.com Inc. Reduce -14.2% 5.22% −0.45 GDX Vaneck Gold Miners ETF Reduce -17.6% 3.12% −0.40 Z Zillow Group Inc. Class C Reduce -4.3% 2.69% −0.26 MSFT Microsoft Corp. Reduce -8.2% 7.04% −0.17 CRDO Credo Technology Group Holdi Reduce -37.5% 1.65% −0.10 NOW ServiceNow Inc. Reduce -4.2% 3.27% −0.04 WGHTQ WW International Inc. Sold out 0.00% −0.01 NFLX Netflix Inc. Reduce -6.4% 3.63% +0.14 LLY Eli Lilly & Co. Reduce -4.2% 4.92% +0.51
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ CORZ Core Scientific Inc. New 4.99% +4.99 CEG Constellation Energy New 3.69% +3.69 IREN Iren Ltd. New 3.36% +3.36 TKO Tko Group Holdings Inc. Add +74.9% 5.26% +2.86 WDC Western Digital Corp. New 2.77% +2.77 AVGO Broadcom Inc. Add +34.4% 4.68% +1.81 OKLO Oklo Inc. New 0.91% +0.91 BE Bloom Energy Corp. Class A New 0.79% +0.79
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ TLT iShares 20+ Year Treasury BD call Add +61.3% 2,500,000 $229.4M QQQ Invesco QQQ Trust Series 1 put Reduce -9.0% 415,000 $198.8M LLY Eli Lilly & Co. put New 130,000 $117.7M LRN Stride Inc. put New 1,470,000 $103.6M SOXX iShares Semiconductor ETF put Reduce -45.3% 410,000 $101.1M KRE SS SPDR S&P Regional Bank put New 1,500,000 $73.7M ABR Arbor Realty Trust Inc. put Sold out 3,170,000 $42.0Mbefore exit CEG Constellation Energy call New 120,000 $24.0M SMR Nuscale Power Corp. put Sold out 1,000,000 $5.3Mbefore exit SMR Nuscale Power Corp. call Sold out 750,000 $4.0Mbefore exit
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