Voleon Capital Management LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 16, 2025), Voleon Capital Management LP reported 323 stock positions worth $1.3 billion. Its top holding was Microsoft (MSFT) at 6.1% of the portfolio, followed by Apple (AAPL, 6.0%) and Nvidia (NVDA, 5.7%). Compared with Q4 2024, it opened 98 new positions, sold out of 100, added to 101 and reduced 124. The biggest buy was Qualcomm (QCOM, shares +545%) and the biggest sale Tesla (TSLA, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- BERKELEY, CA
- CIK
- 0001479847
- Portfolio Value
- $1.3B (Q1 2025)
- SEC Filing
- 0001062993-25-009580 ↗ filed May 16, 2025
Holdings Value
Holdings 323 stocks · $1.3B
| MSFT Microsoft Corp. | 6.14% | 209,039 | $78.5M | Add +19.1% |
| AAPL Apple Inc. | 5.96% | 342,580 | $76.1M | Reduce -5.2% |
| NVDA Nvidia Corp. | 5.69% | 670,210 | $72.6M | Add +2.6% |
| GOOGL Alphabet Inc. Class A | 3.93% | 324,592 | $50.2M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 3.60% | 241,976 | $46.0M | Reduce -3.3% |
| MA Mastercard Inc. Class A | 1.72% | 40,069 | $22.0M | Add +2.3% |
| JNJ Johnson & Johnson | 1.45% | 111,747 | $18.5M | Reduce -1.5% |
| META Meta Platforms Inc. Class A | 1.43% | 31,747 | $18.3M | Reduce -34.5% |
| WMT Walmart Inc. | 1.34% | 194,280 | $17.1M | Add +56.4% |
| QCOM Qualcomm Inc. | 1.22% | 101,463 | $15.6M | Add +544.6% |
| PEP Pepsico Inc. | 1.18% | 100,275 | $15.0M | Add +34.2% |
| TSLA Tesla Inc. | 1.14% | 56,255 | $14.6M | Reduce -15.3% |
| EXC Exelon Corp. | 1.07% | 297,967 | $13.7M | Reduce -17.5% |
| UNP Union Pacific Corp. | 1.06% | 57,092 | $13.5M | Add +11.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.03% | 316,385 | $13.2M | Add +110.7% |
| HD Home Depot Inc. | 1.01% | 35,173 | $12.9M | Add +325.7% |
| ABBV Abbvie Inc. | 1.00% | 61,034 | $12.8M | Reduce -4.7% |
| JPM JPMorgan Chase & Co. | 0.96% | 50,109 | $12.3M | Reduce -33.3% |
| MRSH Marsh & McLennan Cos | 0.90% | 47,050 | $11.5M | Reduce -2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.89% | 21,450 | $11.4M | Reduce -56.4% |
| RBRK Rubrik Inc. Class A | 0.89% | 186,205 | $11.4M | Add +50.7% |
| IT Gartner Inc. | 0.83% | 25,200 | $10.6M | Add +11.0% |
| VLTO Veralto Corp. | 0.79% | 104,166 | $10.2M | Add +56.8% |
| SHW The Sherwin-Williams Co. | 0.79% | 29,035 | $10.1M | Add +390.9% |
| DASH DoorDash Inc. Class A | 0.78% | 54,193 | $9.9M | Reduce -13.1% |
| AXP American Express Co. | 0.75% | 35,587 | $9.6M | New |
| TOST Toast Inc. Class A | 0.75% | 287,969 | $9.6M | Add +28.3% |
| ZTS Zoetis Inc. | 0.73% | 56,975 | $9.4M | Add +255.7% |
| WFC Wells Fargo & Co. | 0.70% | 124,882 | $9.0M | Reduce -17.1% |
| CMG Chipotle Mexican Grill Inc. | 0.69% | 175,864 | $8.8M | Add +413.1% |
| MS Morgan Stanley | 0.68% | 74,559 | $8.7M | Add +18.6% |
| V Visa Inc. Class A | 0.67% | 24,437 | $8.6M | Add +241.6% |
| KO The Coca-Cola Co. | 0.66% | 118,505 | $8.5M | Add +193.6% |
| TT Trane Technologies PLC | 0.66% | 25,136 | $8.5M | Add +167.4% |
| SO The Southern Co. | 0.66% | 91,806 | $8.4M | Add +34.8% |
| ISRG Intuitive Surgical Inc. | 0.64% | 16,635 | $8.2M | Add +61.7% |
| CL Colgate-Palmolive Co. | 0.64% | 86,788 | $8.1M | Add +223.7% |
| PG The Procter & Gamble Co. | 0.63% | 47,274 | $8.1M | Add +109.8% |
| LLY Eli Lilly & Co. | 0.63% | 9,753 | $8.1M | Add +32.9% |
| WM Waste Management Inc. | 0.62% | 34,480 | $8.0M | Add +28.1% |
| TRGP Targa Resources Corp. | 0.62% | 39,367 | $7.9M | Reduce -11.0% |
| BOW Bowhead Specialty Holdings I | 0.61% | 193,247 | $7.9M | Add +25.9% |
| CSX CSX Corp. | 0.61% | 266,375 | $7.8M | Reduce -7.6% |
| CI The Cigna Group | 0.60% | 23,410 | $7.7M | Add +23.4% |
| PFG Principal Financial Group | 0.58% | 88,413 | $7.5M | Add +94.2% |
| C Citigroup Inc. | 0.58% | 104,066 | $7.4M | Add +83.6% |
| SYK Stryker Corp. | 0.58% | 19,764 | $7.4M | Add +206.6% |
| ECL Ecolab Inc. | 0.56% | 28,305 | $7.2M | Add +200.3% |
| APH Amphenol Corp. Class A | 0.56% | 108,918 | $7.1M | Add +73.7% |
| EOG EOG Resources Inc. | 0.56% | 55,563 | $7.1M | Reduce -0.9% |
| ROP Roper Technologies Inc. | 0.55% | 11,903 | $7.0M | Add +53.3% |
| SPGI S&P Global Inc. | 0.51% | 12,850 | $6.5M | Add +6.0% |
| KLAC KLA Corp. | 0.51% | 9,499 | $6.5M | Reduce -32.7% |
| USB US Bancorp | 0.49% | 149,656 | $6.3M | New |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.49% | 6,389 | $6.3M | Reduce -15.1% |
| MORN Morningstar Inc. | 0.49% | 20,930 | $6.3M | Reduce -4.5% |
| AVGO Broadcom Inc. | 0.49% | 37,404 | $6.3M | Reduce -39.4% |
| CAH Cardinal Health Inc. | 0.49% | 45,279 | $6.2M | Reduce -47.9% |
| MRK Merck & Co. Inc. | 0.48% | 68,933 | $6.2M | Add +30.6% |
| PAGP Plains GP Holdings LP | 0.47% | 283,767 | $6.1M | Reduce -29.7% |
| WAB Wabtec Corp. | 0.47% | 33,197 | $6.0M | Reduce -15.4% |
| F Ford Motor Co. filed as FORD MTR CO | 0.47% | 597,854 | $6.0M | Add +284.8% |
| LOW Lowe's Cos Inc. | 0.45% | 24,906 | $5.8M | Add +282.9% |
| RBLX Roblox Corp. Class A | 0.44% | 96,035 | $5.6M | Add +37.3% |
| DXCM Dexcom Inc. | 0.41% | 77,110 | $5.3M | Add +33.1% |
| LRCX Lam Research Corp. | 0.41% | 71,678 | $5.2M | Reduce -42.4% |
| T AT&T Inc. | 0.40% | 180,456 | $5.1M | Reduce -47.6% |
| TYL Tyler Technologies Inc. | 0.38% | 8,293 | $4.8M | Add +5.8% |
| ALL Allstate Corp. | 0.38% | 23,159 | $4.8M | Add +48.4% |
| ORLY O'reilly Automotive Inc. | 0.36% | 3,189 | $4.6M | Reduce -50.2% |
| RDDT Reddit Inc. Class A | 0.35% | 42,949 | $4.5M | Reduce -45.5% |
| MCK McKesson Corp. | 0.34% | 6,499 | $4.4M | Reduce -9.7% |
| NOW ServiceNow Inc. | 0.34% | 5,445 | $4.3M | Reduce -33.5% |
| AR Antero Resources Corp. | 0.34% | 106,996 | $4.3M | Add +134.8% |
| TEL Te Connectivity PLC | 0.33% | 30,254 | $4.3M | Add +97.6% |
| LPLA LPL Financial Holdings Inc. | 0.33% | 13,056 | $4.3M | Add +87.6% |
| ETN Eaton Corp. PLC | 0.33% | 15,694 | $4.3M | Add +65.7% |
| FTNT Fortinet Inc. | 0.33% | 43,618 | $4.2M | Reduce -43.2% |
| PFE Pfizer Inc. | 0.32% | 162,924 | $4.1M | Add +103.9% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 7,884 | $3.9M | New |
| WMB Williams Cos Inc. | 0.30% | 65,176 | $3.9M | Reduce -2.8% |
| GRMN Garmin Ltd. | 0.30% | 17,887 | $3.9M | Reduce -43.3% |
| GEV GE Vernova Inc. | 0.30% | 12,488 | $3.8M | Reduce -55.2% |
| CRM Salesforce Inc. | 0.30% | 14,073 | $3.8M | Add +321.7% |
| BSX Boston Scientific Corp. | 0.29% | 36,360 | $3.7M | Reduce -35.1% |
| XOM Exxon Mobil Corp. | 0.29% | 30,741 | $3.7M | Reduce -49.6% |
| PM Philip Morris International | 0.27% | 21,799 | $3.5M | Reduce -56.9% |
| PH Parker Hannifin Corp. | 0.26% | 5,531 | $3.4M | Add +15.2% |
| SNOW Snowflake Inc. | 0.26% | 22,927 | $3.4M | New |
| GRND Grindr Inc. | 0.26% | 186,000 | $3.3M | Add +172.8% |
| TMUS T-Mobile US Inc. | 0.26% | 12,455 | $3.3M | New |
| MCO Moody's Corp. | 0.26% | 7,125 | $3.3M | Reduce -36.2% |
| BKNG Booking Holdings Inc. | 0.26% | 715 | $3.3M | Add +111.5% |
| WOOF Petco Health and Wellness Co. | 0.26% | 1,078,322 | $3.3M | Add +347.6% |
| CVNA Carvana Co. | 0.25% | 15,576 | $3.3M | Reduce -57.8% |
| GD General Dynamics Corp. | 0.25% | 11,815 | $3.2M | Reduce -40.4% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.25% | 11,914 | $3.2M | Reduce -68.0% |
| CNC Centene Corp. | 0.25% | 52,831 | $3.2M | Reduce -12.5% |
| PSX Phillips 66 | 0.25% | 25,961 | $3.2M | Reduce -1.9% |
| VRSN Verisign Inc. | 0.24% | 12,320 | $3.1M | Reduce -51.6% |
Portfolio Sells Q4 2024 → Q1 2025
| TSLA Tesla Inc. | Reduce -15.3% | 1.14% | −0.85 |
| AAPL Apple Inc. | Reduce -5.2% | 5.96% | −0.76 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -56.4% | 0.89% | −0.76 |
| GOOGL Alphabet Inc. Class A | Reduce -1.2% | 3.93% | −0.69 |
| META Meta Platforms Inc. Class A | Reduce -34.5% | 1.43% | −0.67 |
| GE General Electric | Sold out | 0.00% | −0.61 |
| RDDT Reddit Inc. Class A | Reduce -45.5% | 0.35% | −0.60 |
| ORCL Oracle Corp. | Reduce -85.3% | 0.09% | −0.58 |
| AVGO Broadcom Inc. | Reduce -39.4% | 0.49% | −0.57 |
| AMZN Amazon.com Inc. | Reduce -3.3% | 3.60% | −0.47 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.42 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.41 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -68.0% | 0.25% | −0.40 |
| PGR Progressive Corp. | Reduce -87.5% | 0.07% | −0.39 |
| GEV GE Vernova Inc. | Reduce -55.2% | 0.30% | −0.38 |
| PLTR Palantir Technologies Inc. Class A | Reduce -86.1% | 0.07% | −0.38 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.38 |
| JPM JPMorgan Chase & Co. | Reduce -33.3% | 0.96% | −0.37 |
| CCL Carnival Corp. | Reduce -81.6% | 0.07% | −0.37 |
| FICO Fair Isaac Corp. | Reduce -76.2% | 0.11% | −0.37 |
| ALAB Astera Labs Inc. | Sold out | 0.00% | −0.35 |
| CART Maplebear Inc. | Reduce -85.5% | 0.06% | −0.35 |
| CAVA Cava Group Inc. | Reduce -62.9% | 0.15% | −0.34 |
| ROST Ross Stores Inc. | Reduce -64.3% | 0.15% | −0.33 |
| INTC Intel Corp. | Reduce -64.0% | 0.24% | −0.31 |
| NOW ServiceNow Inc. | Reduce -33.5% | 0.34% | −0.31 |
| CVNA Carvana Co. | Reduce -57.8% | 0.25% | −0.30 |
| UNH Unitedhealth Group Inc. | Reduce -64.1% | 0.19% | −0.30 |
| DUOL Duolingo | Reduce -86.9% | 0.04% | −0.29 |
| CAH Cardinal Health Inc. | Reduce -47.9% | 0.49% | −0.28 |
| LRCX Lam Research Corp. | Reduce -42.4% | 0.41% | −0.26 |
| FCX Freeport-McMoran Inc. | Reduce -87.7% | 0.04% | −0.24 |
| NVR NVR Inc. | Sold out | 0.00% | −0.23 |
| ADM Archer-Daniels-Midland Co. | Reduce -77.2% | 0.07% | −0.22 |
| LII Lennox International Inc. | Reduce -49.2% | 0.21% | −0.22 |
| FTNT Fortinet Inc. | Reduce -43.2% | 0.33% | −0.21 |
| ORLY O'reilly Automotive Inc. | Reduce -50.2% | 0.36% | −0.21 |
| XOM Exxon Mobil Corp. | Reduce -49.6% | 0.29% | −0.20 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.20 |
| GILD Gilead Sciences Inc. | Reduce -60.4% | 0.20% | −0.19 |
| MCD McDonald's Corp. | Reduce -93.3% | 0.02% | −0.19 |
| LNG Cheniere Energy Inc. | Reduce -69.7% | 0.10% | −0.19 |
| KD Kyndryl Holdings Inc. | Reduce -56.8% | 0.13% | −0.19 |
| PPG PPG Industries Inc. | Reduce -68.4% | 0.08% | −0.19 |
| T AT&T Inc. | Reduce -47.6% | 0.40% | −0.18 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.18 |
| PM Philip Morris International | Reduce -56.9% | 0.27% | −0.18 |
| EG Everest Group Ltd. | Reduce -89.3% | 0.02% | −0.18 |
| GRMN Garmin Ltd. | Reduce -43.3% | 0.30% | −0.18 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -56.5% | 0.22% | −0.18 |
Portfolio Buys Q4 2024 → Q1 2025
| QCOM Qualcomm Inc. | Add +544.6% | 1.22% | +1.04 |
| HD Home Depot Inc. | Add +325.7% | 1.01% | +0.77 |
| AXP American Express Co. | New | 0.75% | +0.75 |
| MSFT Microsoft Corp. | Add +19.1% | 6.14% | +0.65 |
| SHW The Sherwin-Williams Co. | Add +390.9% | 0.79% | +0.64 |
| BAC Bank of America Corp. | Add +110.7% | 1.03% | +0.54 |
| ZTS Zoetis Inc. | Add +255.7% | 0.73% | +0.54 |
| CMG Chipotle Mexican Grill Inc. | Add +413.1% | 0.69% | +0.54 |
| V Visa Inc. Class A | Add +241.6% | 0.67% | +0.50 |
| WMT Walmart Inc. | Add +56.4% | 1.34% | +0.50 |
| USB US Bancorp | New | 0.49% | +0.49 |
| KO The Coca-Cola Co. | Add +193.6% | 0.66% | +0.48 |
| CL Colgate-Palmolive Co. | Add +223.7% | 0.64% | +0.46 |
| TT Trane Technologies PLC | Add +167.4% | 0.66% | +0.41 |
| SYK Stryker Corp. | Add +206.6% | 0.58% | +0.40 |
| ECL Ecolab Inc. | Add +200.3% | 0.56% | +0.40 |
| F Ford Motor Co. | Add +284.8% | 0.47% | +0.36 |
| PG The Procter & Gamble Co. | Add +109.8% | 0.63% | +0.35 |
| LOW Lowe's Cos Inc. | Add +282.9% | 0.45% | +0.34 |
| PEP Pepsico Inc. | Add +34.2% | 1.18% | +0.33 |
| PFG Principal Financial Group | Add +94.2% | 0.58% | +0.32 |
| TMO Thermo Fisher Scientific Inc. | New | 0.31% | +0.31 |
| VLTO Veralto Corp. | Add +56.8% | 0.79% | +0.29 |
| RBRK Rubrik Inc. Class A | Add +50.7% | 0.89% | +0.29 |
| C Citigroup Inc. | Add +83.6% | 0.58% | +0.28 |
| SNOW Snowflake Inc. | New | 0.26% | +0.26 |
| TMUS T-Mobile US Inc. | New | 0.26% | +0.26 |
| ROP Roper Technologies Inc. | Add +53.3% | 0.55% | +0.25 |
| ISRG Intuitive Surgical Inc. | Add +61.7% | 0.64% | +0.25 |
| SO The Southern Co. | Add +34.8% | 0.66% | +0.24 |
| COR Cencora Inc. | New | 0.24% | +0.24 |
| APH Amphenol Corp. Class A | Add +73.7% | 0.56% | +0.24 |
| BWXT BWX Technologies Inc. | New | 0.23% | +0.23 |
| ADSK Autodesk Inc. | New | 0.22% | +0.22 |
| DIS The Walt Disney Co. | New | 0.22% | +0.22 |
| WM Waste Management Inc. | Add +28.1% | 0.62% | +0.22 |
| AR Antero Resources Corp. | Add +134.8% | 0.34% | +0.22 |
| CI The Cigna Group | Add +23.4% | 0.60% | +0.21 |
| CVS CVS Health Corp. | Add +427.8% | 0.24% | +0.21 |
| CRM Salesforce Inc. | Add +321.7% | 0.30% | +0.21 |
| BOW Bowhead Specialty Holdings I | Add +25.9% | 0.61% | +0.21 |
| LLY Eli Lilly & Co. | Add +32.9% | 0.63% | +0.21 |
| MAS Masco Corp. | Add +960.4% | 0.23% | +0.21 |
| ERIE Erie Indemnity Company Class A | Add +513.4% | 0.24% | +0.20 |
| WOOF Petco Health and Wellness Co. | Add +347.6% | 0.26% | +0.19 |
| UNP Union Pacific Corp. | Add +11.6% | 1.06% | +0.19 |
| MA Mastercard Inc. Class A | Add +2.3% | 1.72% | +0.19 |
| RJF Raymond James Financial Inc. | New | 0.18% | +0.18 |
| CMCSA Comcast Corp. Class A | New | 0.18% | +0.18 |
| RPM RPM International Inc. | New | 0.18% | +0.18 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 761 | $5.5B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q1 2026 | 779 | $4.6B | NVDA, AAPL, GOOGL, MSFT, AMZN |
| Q4 2025 | 770 | $4.6B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q3 2025 | 883 | $4.1B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q2 2025 | 471 | $1.8B | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q1 2025 | 323 | $1.3B | MSFT, AAPL, NVDA, GOOGL, AMZN |
| Q4 2024 | 325 | $1.3B | AAPL, NVDA, MSFT, GOOGL, AMZN |