Voleon Capital Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Voleon Capital Management LP reported 770 stock positions worth $4.6 billion. Its top holding was Nvidia (NVDA) at 6.3% of the portfolio, followed by Apple (AAPL, 5.8%) and Microsoft (MSFT, 5.0%). Compared with Q3 2025, it opened 180 new positions, sold out of 293, added to 322 and reduced 268. The biggest buy was Eli Lilly (LLY, shares +154%) and the biggest sale Meta Platforms Class A (META, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- BERKELEY, CA
- CIK
- 0001479847
- Portfolio Value
- $4.6B (Q4 2025)
- SEC Filing
- 0001062993-26-000989 ↗ filed Feb 17, 2026
Holdings Value
Holdings 770 stocks · $4.6B
| NVDA Nvidia Corp. | 6.28% | 1,564,236 | $291.7M | Add +8.4% |
| AAPL Apple Inc. | 5.81% | 994,326 | $270.3M | Add +6.3% |
| MSFT Microsoft Corp. | 4.95% | 475,958 | $230.2M | Add +12.9% |
| GOOGL Alphabet Inc. Class A | 4.50% | 668,488 | $209.2M | Add +2.8% |
| AMZN Amazon.com Inc. | 2.98% | 600,505 | $138.6M | Add +13.3% |
| TSLA Tesla Inc. | 1.91% | 196,963 | $88.6M | Add +1.4% |
| AVGO Broadcom Inc. | 1.35% | 180,895 | $62.6M | Reduce -13.8% |
| META Meta Platforms Inc. Class A | 1.28% | 89,906 | $59.3M | Reduce -17.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.28% | 118,050 | $59.3M | Add +43.0% |
| MA Mastercard Inc. Class A | 1.27% | 103,499 | $59.1M | Add +63.8% |
| PG The Procter & Gamble Co. | 1.03% | 333,516 | $47.8M | Add +26.6% |
| LLY Eli Lilly & Co. | 0.94% | 40,530 | $43.6M | Add +153.9% |
| BKNG Booking Holdings Inc. | 0.90% | 7,817 | $41.9M | Add +57.6% |
| WMT Walmart Inc. | 0.78% | 325,792 | $36.3M | Reduce -17.5% |
| DXCM Dexcom Inc. | 0.77% | 537,272 | $35.7M | Add +112.9% |
| JPM JPMorgan Chase & Co. | 0.72% | 104,515 | $33.7M | Add +22.8% |
| FTNT Fortinet Inc. | 0.70% | 407,060 | $32.3M | Add +189.8% |
| CMG Chipotle Mexican Grill Inc. | 0.69% | 861,265 | $31.9M | Add +295.1% |
| MPC Marathon Petroleum Corp. | 0.69% | 195,897 | $31.9M | Add +75.7% |
| LRCX Lam Research Corp. | 0.66% | 179,600 | $30.7M | Reduce -31.6% |
| ABBV Abbvie Inc. | 0.66% | 134,265 | $30.7M | Add +24.8% |
| HOOD Robinhood Markets Inc. Class A | 0.66% | 270,375 | $30.6M | Add +17.7% |
| GEV GE Vernova Inc. | 0.64% | 45,262 | $29.6M | Add +30.3% |
| LMT Lockheed Martin Corp. | 0.64% | 61,142 | $29.6M | Add +283.1% |
| UNP Union Pacific Corp. | 0.62% | 124,245 | $28.7M | Reduce -3.9% |
| ORLY O'reilly Automotive Inc. | 0.60% | 307,419 | $28.0M | Add +361.9% |
| RDDT Reddit Inc. Class A | 0.60% | 121,681 | $28.0M | Add +47.6% |
| MU Micron Technology Inc. | 0.60% | 97,831 | $27.9M | Add +4.3% |
| RBRK Rubrik Inc. Class A | 0.58% | 354,284 | $27.1M | Add +60.3% |
| T AT&T Inc. | 0.57% | 1,065,490 | $26.5M | Add +165.7% |
| BSX Boston Scientific Corp. | 0.57% | 277,518 | $26.5M | Add +30.7% |
| SYK Stryker Corp. | 0.53% | 70,087 | $24.6M | Add +296.8% |
| HON Honeywell International Inc. | 0.51% | 121,250 | $23.7M | Add +164.7% |
| RBLX Roblox Corp. Class A | 0.51% | 290,498 | $23.5M | Add +27.6% |
| ODFL Old Dominion Freight Line | 0.50% | 148,252 | $23.2M | Add +31.4% |
| MCO Moody's Corp. | 0.50% | 45,087 | $23.0M | Add +280.8% |
| ALAB Astera Labs Inc. | 0.49% | 135,705 | $22.6M | Add +45.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.47% | 398,602 | $21.9M | Reduce -42.5% |
| WMB Williams Cos Inc. | 0.45% | 346,475 | $20.8M | Add +51.3% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.44% | 51,117 | $20.3M | Add +50.5% |
| AXSM Axsome Therapeutics Inc. | 0.43% | 110,179 | $20.1M | Add +558.4% |
| SF Stifel Financial Corp. | 0.41% | 152,429 | $19.1M | Add +72.9% |
| RIVN Rivian Automotive Inc. Class A | 0.41% | 962,417 | $19.0M | Add +789.7% |
| SRPT Sarepta Therapeutics Inc. | 0.41% | 879,953 | $18.9M | Add +75.6% |
| BKD Brookdale Senior Living Inc. | 0.40% | 1,709,054 | $18.4M | Add +103.6% |
| GD General Dynamics Corp. | 0.40% | 54,599 | $18.4M | Add +44.4% |
| CPRT Copart Inc. | 0.39% | 465,390 | $18.2M | Add +285.5% |
| ANET Arista Networks Inc. | 0.39% | 138,663 | $18.2M | Add +340.5% |
| CI The Cigna Group | 0.38% | 64,269 | $17.7M | Add +54.6% |
| COMP Compass Inc. Class A | 0.38% | 1,659,215 | $17.5M | Add +931.5% |
| TXN Texas Instruments Inc. | 0.37% | 100,370 | $17.4M | Add +132.2% |
| BLK BlackRock Inc. | 0.37% | 16,228 | $17.4M | Add +525.1% |
| SCHW Schwab (charles) Corp. | 0.37% | 173,685 | $17.4M | Reduce -46.6% |
| TPC Tutor Perini Corp. | 0.37% | 253,291 | $17.0M | Add +68.3% |
| CTAS Cintas Corp. | 0.36% | 89,391 | $16.8M | Add +46.2% |
| HNGE Hinge Health Inc. Class A | 0.35% | 351,099 | $16.3M | Add +187.6% |
| SOFI Sofi Technologies Inc. | 0.34% | 608,995 | $15.9M | Add +17.4% |
| INTC Intel Corp. | 0.34% | 426,701 | $15.7M | Add +84.2% |
| VLTO Veralto Corp. | 0.34% | 157,458 | $15.7M | Add +13.8% |
| EIX Edison International | 0.33% | 254,549 | $15.3M | Reduce -17.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.33% | 906,217 | $15.2M | Add +181.5% |
| LOW Lowe's Cos Inc. | 0.32% | 62,401 | $15.0M | Add +48.8% |
| ROST Ross Stores Inc. | 0.32% | 83,296 | $15.0M | Add +95.0% |
| VRSK Verisk Analytics Inc. | 0.32% | 66,753 | $14.9M | Add +190.6% |
| PBF PBF Energy Inc. Class A | 0.32% | 549,621 | $14.9M | Add +28.0% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.32% | 391,402 | $14.9M | Add +318.2% |
| ASND Ascendis Pharma A/S | 0.32% | 69,389 | $14.8M | Add +117.3% |
| KO The Coca-Cola Co. | 0.32% | 210,095 | $14.7M | Reduce -59.9% |
| DDS Dillards Inc. Class A | 0.31% | 23,936 | $14.5M | Add +54.6% |
| APH Amphenol Corp. Class A | 0.31% | 105,324 | $14.2M | Reduce -0.7% |
| ABVX Abivax SA-ADR | 0.31% | 105,386 | $14.2M | Add +528.9% |
| FCX Freeport-McMoran Inc. | 0.30% | 274,396 | $13.9M | Add +12.3% |
| MIRM Mirum Pharmaceuticals Inc. | 0.29% | 173,067 | $13.7M | Add +100.0% |
| MANH Manhattan Associates Inc. | 0.28% | 76,224 | $13.2M | Add +852.7% |
| DK Delek US Holdings Inc. | 0.28% | 443,943 | $13.2M | Add +51.4% |
| PEP Pepsico Inc. | 0.28% | 91,552 | $13.1M | Add +137.9% |
| TOST Toast Inc. Class A | 0.28% | 367,389 | $13.0M | Add +181.5% |
| HD Home Depot Inc. | 0.28% | 37,686 | $13.0M | Reduce -12.7% |
| CRBG Corebridge Financial Inc. | 0.28% | 428,362 | $12.9M | Add +46.8% |
| GRAL Grail Inc. | 0.27% | 147,906 | $12.7M | Add +140.2% |
| CHD Church & Dwight Co. Inc. | 0.26% | 144,244 | $12.1M | Add +225.9% |
| COST Costco Wholesale Corp. | 0.26% | 13,999 | $12.1M | Add +92.4% |
| PEG Public Service Enterprise GP | 0.25% | 147,428 | $11.8M | Add +1313.4% |
| SYM Symbotic Inc. | 0.25% | 194,161 | $11.6M | Add +170.4% |
| ABT Abbott Laboratories | 0.24% | 87,300 | $10.9M | Add +110.9% |
| ELV Elevance Health Inc. | 0.24% | 31,179 | $10.9M | Reduce -35.5% |
| VLO Valero Energy Corp. | 0.23% | 66,959 | $10.9M | Reduce -8.2% |
| AMRX Amneal Pharmaceuticals Inc. | 0.23% | 860,682 | $10.8M | Add +108.8% |
| WFC Wells Fargo & Co. | 0.23% | 116,067 | $10.8M | Reduce -18.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.23% | 70,204 | $10.8M | Reduce -39.0% |
| VRDN Viridian Therapeutics Inc. | 0.23% | 345,713 | $10.8M | New |
| IREN Iren Ltd. filed as IREN LIMITED | 0.23% | 282,203 | $10.7M | Add +21.8% |
| V Visa Inc. Class A | 0.22% | 29,813 | $10.5M | Add +19.0% |
| LVS Las Vegas Sands Corp. | 0.22% | 160,593 | $10.5M | Add +1817.1% |
| ETN Eaton Corp. PLC | 0.22% | 32,225 | $10.3M | Add +493.6% |
| BIP Brookfield Infrastructure Pa | 0.21% | 287,661 | $10.0M | Add +160.0% |
| INTU Intuit Inc. | 0.21% | 14,672 | $9.7M | Add +81.0% |
| FTI Technipfmc PLC | 0.21% | 216,550 | $9.6M | Add +0.9% |
| TSCO Tractor Supply Company | 0.21% | 192,580 | $9.6M | Add +307.3% |
| C Citigroup Inc. | 0.21% | 82,210 | $9.6M | Add +10.5% |
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -17.9% | 1.28% | −0.69 |
| PLTR Palantir Technologies Inc. Class A | Reduce -71.2% | 0.19% | −0.57 |
| ORCL Oracle Corp. | Reduce -68.4% | 0.13% | −0.54 |
| KO The Coca-Cola Co. | Reduce -59.9% | 0.32% | −0.53 |
| ACN Accenture PLC Class A | Reduce -82.0% | 0.10% | −0.47 |
| MRK Merck & Co. Inc. | Reduce -75.8% | 0.15% | −0.42 |
| BAC Bank of America Corp. | Reduce -42.5% | 0.47% | −0.40 |
| SCHW Schwab (charles) Corp. | Reduce -46.6% | 0.37% | −0.39 |
| XOM Exxon Mobil Corp. | Reduce -62.3% | 0.20% | −0.36 |
| ADP Automatic Data Processing | Reduce -54.8% | 0.19% | −0.35 |
| AVGO Broadcom Inc. | Reduce -13.8% | 1.35% | −0.34 |
| CRM Salesforce Inc. | Reduce -96.3% | 0.01% | −0.32 |
| KLAC KLA Corp. | Reduce -79.5% | 0.08% | −0.31 |
| AZO AutoZone Inc. | Reduce -85.8% | 0.03% | −0.29 |
| JNJ Johnson & Johnson | Reduce -67.3% | 0.13% | −0.28 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.27 |
| AME Ametek Inc. | Reduce -73.1% | 0.09% | −0.26 |
| CB Chubb Ltd. | Reduce -59.4% | 0.16% | −0.25 |
| ZTS Zoetis Inc. | Reduce -41.9% | 0.19% | −0.24 |
| AMAT Applied Materials Inc. | Reduce -95.7% | 0.01% | −0.24 |
| PGR Progressive Corp. | Reduce -48.7% | 0.17% | −0.24 |
| VZ Verizon Communications Inc. | Reduce -53.5% | 0.15% | −0.24 |
| GWW WW Grainger Inc. | Reduce -62.6% | 0.13% | −0.24 |
| NTNX Nutanix Inc. Class A | Reduce -88.9% | 0.02% | −0.22 |
| RKLB Rocket Lab Corp. | Sold out | 0.00% | −0.22 |
| CSX CSX Corp. | Reduce -56.2% | 0.14% | −0.21 |
| WMT Walmart Inc. | Reduce -17.5% | 0.78% | −0.21 |
| TLN Talen Energy Corp. | Reduce -73.6% | 0.05% | −0.21 |
| CAH Cardinal Health Inc. | Reduce -62.3% | 0.16% | −0.21 |
| DHR Danaher Corp. | Reduce -77.8% | 0.06% | −0.20 |
| ABNB Airbnb Inc. Class A | Reduce -57.7% | 0.14% | −0.20 |
| CCL Carnival Corp. | Reduce -97.3% | 0.01% | −0.20 |
| LRCX Lam Research Corp. | Reduce -31.6% | 0.66% | −0.20 |
| FERG Ferguson Enterprises Inc. | Reduce -63.9% | 0.09% | −0.19 |
| REGN Regeneron Pharmaceuticals | Reduce -62.6% | 0.16% | −0.19 |
| ULTA Ulta Beauty Inc. | Reduce -51.1% | 0.17% | −0.19 |
| LIF LIFE360 Inc. | Reduce -67.3% | 0.04% | −0.18 |
| TJX TJX Companies Inc. | Reduce -39.0% | 0.23% | −0.17 |
| ROP Roper Technologies Inc. | Reduce -50.4% | 0.11% | −0.17 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.17 |
| NEE Nextera Energy Inc. | Reduce -93.8% | 0.01% | −0.16 |
| AXP American Express Co. | Reduce -89.8% | 0.02% | −0.16 |
| HBAN Huntington Bancshares Inc. | Reduce -79.3% | 0.03% | −0.15 |
| INSM Insmed Inc. | Reduce -89.8% | 0.02% | −0.15 |
| HD Home Depot Inc. | Reduce -12.7% | 0.28% | −0.15 |
| ELV Elevance Health Inc. | Reduce -35.5% | 0.24% | −0.15 |
| WDAY Workday Inc. Class A | Reduce -60.5% | 0.07% | −0.15 |
| ISRG Intuitive Surgical Inc. | Reduce -86.4% | 0.03% | −0.14 |
| MCD McDonald's Corp. | Reduce -60.0% | 0.08% | −0.14 |
| WM Waste Management Inc. | Reduce -75.4% | 0.04% | −0.14 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +153.9% | 0.94% | +0.64 |
| GOOGL Alphabet Inc. Class A | Add +2.8% | 4.50% | +0.64 |
| CMG Chipotle Mexican Grill Inc. | Add +295.1% | 0.69% | +0.48 |
| LMT Lockheed Martin Corp. | Add +283.1% | 0.64% | +0.44 |
| ORLY O'reilly Automotive Inc. | Add +361.9% | 0.60% | +0.43 |
| FTNT Fortinet Inc. | Add +189.8% | 0.70% | +0.41 |
| MA Mastercard Inc. Class A | Add +63.8% | 1.27% | +0.39 |
| AXSM Axsome Therapeutics Inc. | Add +558.4% | 0.43% | +0.38 |
| SYK Stryker Corp. | Add +296.8% | 0.53% | +0.37 |
| RIVN Rivian Automotive Inc. Class A | Add +789.7% | 0.41% | +0.37 |
| MCO Moody's Corp. | Add +280.8% | 0.50% | +0.36 |
| DXCM Dexcom Inc. | Add +112.9% | 0.77% | +0.35 |
| COMP Compass Inc. Class A | Add +931.5% | 0.38% | +0.35 |
| BLK BlackRock Inc. | Add +525.1% | 0.37% | +0.30 |
| T AT&T Inc. | Add +165.7% | 0.57% | +0.29 |
| ANET Arista Networks Inc. | Add +340.5% | 0.39% | +0.28 |
| HON Honeywell International Inc. | Add +164.7% | 0.51% | +0.27 |
| ABVX Abivax SA-ADR | Add +528.9% | 0.31% | +0.27 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +43.0% | 1.28% | +0.26 |
| CPRT Copart Inc. | Add +285.5% | 0.39% | +0.26 |
| BKNG Booking Holdings Inc. | Add +57.6% | 0.90% | +0.25 |
| MANH Manhattan Associates Inc. | Add +852.7% | 0.28% | +0.24 |
| PEG Public Service Enterprise GP | Add +1313.4% | 0.25% | +0.23 |
| VRDN Viridian Therapeutics Inc. | New | 0.23% | +0.23 |
| BKD Brookdale Senior Living Inc. | Add +103.6% | 0.40% | +0.22 |
| MU Micron Technology Inc. | Add +4.3% | 0.60% | +0.22 |
| LVS Las Vegas Sands Corp. | Add +1817.1% | 0.22% | +0.21 |
| TTD Trade Desk Inc./the Class A | Add +318.2% | 0.32% | +0.21 |
| HNGE Hinge Health Inc. Class A | Add +187.6% | 0.35% | +0.20 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +181.5% | 0.33% | +0.20 |
| SHOP Shopify Inc. Class A | New | 0.19% | +0.19 |
| GRAL Grail Inc. | Add +140.2% | 0.27% | +0.18 |
| ASAN Asana Inc. Class A | Add +2229.4% | 0.19% | +0.18 |
| TXN Texas Instruments Inc. | Add +132.2% | 0.37% | +0.18 |
| RAL Ralliant Corp. | New | 0.18% | +0.18 |
| VRSK Verisk Analytics Inc. | Add +190.6% | 0.32% | +0.18 |
| ALHC Alignment Healthcare Inc. | Add +902.1% | 0.19% | +0.17 |
| SRPT Sarepta Therapeutics Inc. | Add +75.6% | 0.41% | +0.17 |
| ETN Eaton Corp. PLC | Add +493.6% | 0.22% | +0.17 |
| PRM Perimeter Solutions Inc. | Add +1032.9% | 0.18% | +0.17 |
| BEPC Brookfield Renewable Corp. | Add +1219.0% | 0.18% | +0.17 |
| PL Planet Labs PBC | Add +1200.9% | 0.18% | +0.17 |
| SF Stifel Financial Corp. | Add +72.9% | 0.41% | +0.17 |
| CHD Church & Dwight Co. Inc. | Add +225.9% | 0.26% | +0.17 |
| TOST Toast Inc. Class A | Add +181.5% | 0.28% | +0.16 |
| ROST Ross Stores Inc. | Add +95.0% | 0.32% | +0.16 |
| ASND Ascendis Pharma A/S | Add +117.3% | 0.32% | +0.16 |
| MPC Marathon Petroleum Corp. | Add +75.7% | 0.69% | +0.16 |
| ESTA Establishment Labs Holdings | Add +286.9% | 0.19% | +0.16 |
| VRSN Verisign Inc. | Add +1274.9% | 0.17% | +0.16 |
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 |