Zevenbergen Capital Investments LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Zevenbergen Capital Investments LLC reported 104 stock positions worth $4.7 billion. Its top holding was Nvidia (NVDA) at 9.9% of the portfolio, followed by Amazon.com (AMZN, 6.1%) and Meta Platforms Class A (META, 4.7%). Compared with Q4 2023, it opened 9 new positions, sold out of 3, added to 32 and reduced 51. The biggest buy was Meta Platforms Class A (META, shares +1%) and the biggest sale Bill (BILL, shares −100%).

Most Recent 13F
Q2 2026
Location
EDMONDS, WA
CIK
0001276918
Portfolio Value
$4.7B (Q1 2024)
SEC Filing
0001276918-24-000004 ↗ filed May 7, 2024

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $4.7B $4.7B Q1 2024 Q2 2024: $4.7B Q2 2024 Q3 2024: $4.8B Q3 2024 Q4 2024: $4.9B Q4 2024 Q1 2025: $4.1B Q1 2025 Q2 2025: $5.1B Q2 2025 Q3 2025: $5.1B Q3 2025 Q4 2025: $4.5B Q4 2025 Q1 2026: $3.5B Q1 2026 Q2 2026: $4.4B Q2 2026

Holdings 104 stocks · $4.7B
NVDA Nvidia Corp. 9.88% 515,152 $465.5M Reduce -17.3%
AMZN Amazon.com Inc. 6.07% 1,585,014 $285.9M Reduce -5.4%
META Meta Platforms Inc. Class A 4.68% 453,672 $220.3M Add +0.8%
MELI MercadoLibre Inc. 4.54% 141,314 $213.7M Reduce -0.0%
TSLA Tesla Inc. 4.53% 1,213,406 $213.3M Add +6.0%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 4.44% 2,391,353 $209.1M Reduce -4.9%
AMD Advanced Micro Devices 4.18% 1,090,541 $196.8M Add +6.2%
SHOP Shopify Inc. Class A 4.17% 2,547,071 $196.6M Reduce -2.2%
UBER Uber Technologies Inc. 3.51% 2,148,904 $165.4M Reduce -16.6%
AXON Axon Enterprise Inc. 3.30% 496,062 $155.2M Reduce -4.2%
MSFT Microsoft Corp. 2.99% 334,201 $140.6M Add +3.5%
NOW ServiceNow Inc. 2.60% 160,496 $122.4M Reduce -1.9%
GOOG Alphabet Inc. Class C 2.60% 803,475 $122.3M Reduce -4.1%
SNOW Snowflake Inc. 2.33% 679,609 $109.8M Add +2.3%
NFLX Netflix Inc. 2.22% 172,035 $104.5M Reduce -6.5%
PANW Palo Alto Networks Inc. 2.10% 348,620 $99.1M Add +2.6%
EXAS Exact Sciences Corp. 2.00% 1,361,415 $94.0M Add +20.5%
CRWD CrowdStrike Holdings Inc. Class A 1.80% 263,990 $84.6M Reduce -4.7%
ASML ASML Holding NV-NY Reg SHS 1.72% 83,675 $81.2M Add +17.4%
ABNB Airbnb Inc. Class A 1.72% 491,044 $81.0M Reduce -8.8%
ELF Elf Beauty Inc. 1.63% 392,536 $76.9M Reduce -0.7%
AAPL Apple Inc. 1.63% 448,057 $76.8M Reduce -12.0%
DV Doubleverify Holdings Inc. 1.56% 2,087,426 $73.4M Reduce -3.9%
WING Wingstop Inc. 1.42% 183,160 $67.1M Reduce -4.5%
FSLR First Solar Inc. 1.32% 369,278 $62.3M Add +9.9%
GLBE Global-E Online Ltd. 1.30% 1,680,022 $61.1M Reduce -3.1%
VEEV Veeva Systems Inc. Class A 1.24% 251,363 $58.2M Reduce -2.8%
Z Zillow Group Inc. Class C 1.19% 1,152,683 $56.2M Reduce -3.6%
CDNS Cadence Design SYS Inc. 1.18% 178,739 $55.6M Reduce -4.3%
NTRA Natera Inc. 0.95% 487,631 $44.6M Add +11.6%
AVGO Broadcom Inc. 0.89% 31,700 $42.0M Add +5.7%
TOST Toast Inc. Class A 0.79% 1,487,959 $37.1M Add +6.7%
MU Micron Technology Inc. 0.78% 310,000 $36.5M Add +24.0%
MPWR Monolithic Power Systems Inc. 0.76% 52,868 $35.8M Reduce -0.5%
MDB Mongodb Inc. 0.73% 95,403 $34.2M Reduce -12.0%
ONON On Holding AG Class A filed as ON HLDG AG 0.59% 790,933 $28.0M Reduce -1.6%
DDOG Datadog Inc. Class A 0.57% 218,140 $27.0M Add +31.9%
RGEN Repligen Corp. 0.51% 130,607 $24.0M Add +0.1%
ARM Arm Holdings PLC-ADR 0.50% 189,645 $23.7M New
ADBE Adobe Inc. 0.48% 45,200 $22.8M Reduce -22.3%
HUBS HubSpot Inc. 0.47% 35,040 $22.0M Add +32.5%
NXPI NXP Semiconductors NV 0.45% 85,000 $21.1M Reduce -6.6%
ORCL Oracle Corp. 0.44% 164,625 $20.7M Reduce -10.2%
V Visa Inc. Class A 0.44% 73,458 $20.5M Add +0.3%
DLO Dlocal Ltd. 0.41% 1,316,481 $19.4M Add +5.8%
EVH Evolent Health Inc. Class A 0.39% 565,625 $18.5M Add +126.5%
ANET Arista Networks Inc. 0.39% 63,000 $18.3M No change
CRM Salesforce Inc. 0.37% 58,000 $17.5M No change
SYM Symbotic Inc. 0.35% 361,167 $16.3M Add +1826.2%
QCOM Qualcomm Inc. 0.33% 92,602 $15.7M Add +289.9%
INTU Intuit Inc. 0.33% 24,071 $15.6M Add +0.1%
AMAT Applied Materials Inc. 0.31% 70,000 $14.4M Reduce -7.9%
PCTY Paylocity Holding Corp. 0.30% 81,940 $14.1M Reduce -40.8%
APH Amphenol Corp. Class A 0.28% 115,470 $13.3M Reduce -25.7%
BKNG Booking Holdings Inc. 0.27% 3,541 $12.8M Reduce -16.9%
KLAC KLA Corp. 0.27% 18,000 $12.6M Reduce -10.0%
MA Mastercard Inc. Class A 0.26% 25,000 $12.0M Reduce -28.6%
ZS Zscaler Inc. 0.19% 46,000 $8.9M Reduce -8.0%
BR Broadridge Financial Solutio 0.17% 40,000 $8.2M Reduce -7.0%
ACN Accenture PLC Class A 0.17% 22,608 $7.8M Add +1.0%
CSCO Cisco Systems Inc. 0.14% 129,225 $6.4M Reduce -27.8%
COST Costco Wholesale Corp. 0.13% 8,426 $6.2M Reduce -2.8%
JPM JPMorgan Chase & Co. 0.13% 30,318 $6.1M Reduce -0.2%
CDW CDW Corp. 0.13% 23,300 $6.0M Reduce -63.0%
DELL Dell Technologies -C 0.10% 40,000 $4.6M New
HD Home Depot Inc. 0.09% 11,347 $4.4M Add +1.2%
DBRG Digitalbridge Group Inc. 0.09% 213,000 $4.1M No change
PGR Progressive Corp. 0.08% 19,305 $4.0M Reduce -1.4%
BLK BlackRock Finance Inc. 0.08% 4,628 $3.9M Add +2.8%
CTAS Cintas Corp. 0.07% 5,120 $3.5M Add +1.0%
XMTR Xometry Inc. Class A 0.06% 177,015 $3.0M Reduce -11.3%
PCAR Paccar Inc. 0.06% 23,542 $2.9M Add +1.3%
RIVN Rivian Automotive Inc. Class A 0.06% 254,467 $2.8M Add +41.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 5,318 $2.8M Reduce -0.1%
PAYX Paychex Inc. 0.06% 22,395 $2.8M Reduce -1.5%
ABT Abbott Laboratories 0.06% 23,949 $2.7M Reduce -0.8%
DKNG Draftkings Inc. Class A 0.06% 59,525 $2.7M New
SPT Sprout Social Inc. Class A 0.06% 45,090 $2.7M Reduce -84.1%
AMGN Amgen Inc. 0.06% 9,399 $2.7M Add +0.3%
ZTS Zoetis Inc. 0.06% 15,440 $2.6M No change
JNJ Johnson & Johnson 0.05% 14,894 $2.4M Add +3.5%
BX Blackstone Inc. 0.04% 14,230 $1.9M No change
STZ Constellation Brands Inc. Class A 0.04% 6,870 $1.9M Reduce -3.3%
SBUX Starbucks Corp. 0.04% 19,157 $1.8M Add +3.5%
BDX Becton Dickinson and Co. 0.03% 5,930 $1.5M Add +5.7%
ECL Ecolab Inc. 0.03% 5,545 $1.3M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 8,450 $1.0M Reduce -12.1%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.02% 6,453 $995K Reduce -6.7%
TSCO Tractor Supply Company 0.02% 3,415 $894K Reduce -4.2%
NKE Nike Inc. Class B 0.01% 7,245 $681K Reduce -13.0%
GOOGL Alphabet Inc. Class A 0.01% 4,445 $671K No change
CAVA Cava Group Inc. 0.01% 8,150 $571K New
TDW Tidewater Inc. 0.01% 5,900 $543K New
INDI Indie Semiconductor Inc. Class A 0.01% 74,000 $524K New
AXP American Express Co. 0.01% 1,700 $387K No change
ABBV Abbvie Inc. 0.01% 1,923 $350K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.01% 650 $259K No change
DHI D.R. Horton Inc. 0.01% 1,565 $258K No change
BILL Bill Holdings Inc. 0.00% 3,375 $232K Reduce -99.5%
DSI iShares ESG MSCI KLD 400 ETF 0.00% 2,235 $225K Reduce -45.7%
LEN Lennar Corp. Class A 0.00% 1,304 $224K New
SVV Savers Value Village Inc. 0.00% 11,100 $214K No change
SOUN Soundhound AI Inc. Class A 0.00% 35,500 $209K New
MRK Merck & Co. Inc. 0.00% 1,565 $207K New

Portfolio Sells Q4 2023 → Q1 2024
BILL Bill Holdings Inc. Reduce -99.5% 0.00% −1.32
AAPL Apple Inc. Reduce -12.0% 1.63% −0.63
MELI MercadoLibre Inc. Reduce -0.0% 4.54% −0.58
SHOP Shopify Inc. Class A Reduce -2.2% 4.17% −0.50
Z Zillow Group Inc. Class C Reduce -3.6% 1.19% −0.40
SPT Sprout Social Inc. Class A Reduce -84.1% 0.06% −0.34
ADBE Adobe Inc. Reduce -22.3% 0.48% −0.32
ON On Semiconductor Sold out 0.00% −0.31
MDB Mongodb Inc. Reduce -12.0% 0.73% −0.29
GLBE Global-E Online Ltd. Reduce -3.1% 1.30% −0.28
DV Doubleverify Holdings Inc. Reduce -3.9% 1.56% −0.28
PCTY Paylocity Holding Corp. Reduce -40.8% 0.30% −0.23
CDW CDW Corp. Reduce -63.0% 0.13% −0.20
UBER Uber Technologies Inc. Reduce -16.6% 3.51% −0.14
GOOG Alphabet Inc. Class C Reduce -4.1% 2.60% −0.12
ASPN Aspen Aerogels Inc. Sold out 0.00% −0.10
XMTR Xometry Inc. Class A Reduce -11.3% 0.06% −0.10
MA Mastercard Inc. Class A Reduce -28.6% 0.26% −0.09
BKNG Booking Holdings Inc. Reduce -16.9% 0.27% −0.08
APH Amphenol Corp. Class A Reduce -25.7% 0.28% −0.07
CSCO Cisco Systems Inc. Reduce -27.8% 0.14% −0.07
ZS Zscaler Inc. Reduce -8.0% 0.19% −0.07
NOW ServiceNow Inc. Reduce -1.9% 2.60% −0.06
NXPI NXP Semiconductors NV Reduce -6.6% 0.45% −0.03
BR Broadridge Financial Solutio Reduce -7.0% 0.17% −0.03
MPWR Monolithic Power Systems Inc. Reduce -0.5% 0.76% −0.01
CTKB Cytek Biosciences Inc. Sold out 0.00% −0.01
NKE Nike Inc. Class B Reduce -13.0% 0.01% −0.01
ORCL Oracle Corp. Reduce -10.2% 0.44% −0.01
PAYX Paychex Inc. Reduce -1.5% 0.06% −0.00
DSI iShares ESG MSCI KLD 400 ETF Reduce -45.7% 0.00% −0.00
ABT Abbott Laboratories Reduce -0.8% 0.06% −0.00
EL Estee Lauder Companies Class A Reduce -6.7% 0.02% −0.00
KLAC KLA Corp. Reduce -10.0% 0.27% −0.00
COST Costco Wholesale Corp. Reduce -2.8% 0.13% −0.00
STZ Constellation Brands Inc. Class A Reduce -3.3% 0.04% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.1% 0.06% +0.00
TSCO Tractor Supply Company Reduce -4.2% 0.02% +0.00
DIS The Walt Disney Co. Reduce -12.1% 0.02% +0.00
JPM JPMorgan Chase & Co. Reduce -0.2% 0.13% +0.01
CDNS Cadence Design SYS Inc. Reduce -4.3% 1.18% +0.01
PGR Progressive Corp. Reduce -1.4% 0.08% +0.01
AMAT Applied Materials Inc. Reduce -7.9% 0.31% +0.02
ABNB Airbnb Inc. Class A Reduce -8.8% 1.72% +0.03
VEEV Veeva Systems Inc. Class A Reduce -2.8% 1.24% +0.09
ONON On Holding AG Class A Reduce -1.6% 0.59% +0.10
NFLX Netflix Inc. Reduce -6.5% 2.22% +0.16
CRWD CrowdStrike Holdings Inc. Class A Reduce -4.7% 1.80% +0.17
AMZN Amazon.com Inc. Reduce -5.4% 6.07% +0.21
AXON Axon Enterprise Inc. Reduce -4.2% 3.30% +0.22

Portfolio Buys Q4 2023 → Q1 2024
META Meta Platforms Inc. Class A Add +0.8% 4.68% +1.01
AMD Advanced Micro Devices Add +6.2% 4.18% +0.69
ARM Arm Holdings PLC-ADR New 0.50% +0.50
ASML ASML Holding NV-NY Reg SHS Add +17.4% 1.72% +0.48
SYM Symbotic Inc. Add +1826.2% 0.35% +0.32
NTRA Natera Inc. Add +11.6% 0.95% +0.32
MU Micron Technology Inc. Add +24.0% 0.78% +0.28
QCOM Qualcomm Inc. Add +289.9% 0.33% +0.25
EVH Evolent Health Inc. Class A Add +126.5% 0.39% +0.20
TOST Toast Inc. Class A Add +6.7% 0.79% +0.20
MSFT Microsoft Corp. Add +3.5% 2.99% +0.19
AVGO Broadcom Inc. Add +5.7% 0.89% +0.12
HUBS HubSpot Inc. Add +32.5% 0.47% +0.11
DDOG Datadog Inc. Class A Add +31.9% 0.57% +0.11
DELL Dell Technologies -C New 0.10% +0.10
EXAS Exact Sciences Corp. Add +20.5% 2.00% +0.07
DKNG Draftkings Inc. Class A New 0.06% +0.06
CAVA Cava Group Inc. New 0.01% +0.01
TDW Tidewater Inc. New 0.01% +0.01
INDI Indie Semiconductor Inc. Class A New 0.01% +0.01
PCAR Paccar Inc. Add +1.3% 0.06% +0.01
LEN Lennar Corp. Class A New 0.00% +0.00
MRK Merck & Co. Inc. New 0.00% +0.00
SOUN Soundhound AI Inc. Class A New 0.00% +0.00
CTAS Cintas Corp. Add +1.0% 0.07% +0.00
HD Home Depot Inc. Add +1.2% 0.09% +0.00
BDX Becton Dickinson and Co. Add +5.7% 0.03% −0.00
JNJ Johnson & Johnson Add +3.5% 0.05% −0.00
BLK BlackRock Finance Inc. Add +2.8% 0.08% −0.00
SBUX Starbucks Corp. Add +3.5% 0.04% −0.00
V Visa Inc. Class A Add +0.3% 0.44% −0.00
AMGN Amgen Inc. Add +0.3% 0.06% −0.01
FSLR First Solar Inc. Add +9.9% 1.32% −0.01
INTU Intuit Inc. Add +0.1% 0.33% −0.01
ACN Accenture PLC Class A Add +1.0% 0.17% −0.01
RGEN Repligen Corp. Add +0.1% 0.51% −0.03
RIVN Rivian Automotive Inc. Class A Add +41.5% 0.06% −0.04
DLO Dlocal Ltd. Add +5.8% 0.41% −0.10
PANW Palo Alto Networks Inc. Add +2.6% 2.10% −0.20
SNOW Snowflake Inc. Add +2.3% 2.33% −0.71
TSLA Tesla Inc. Add +6.0% 4.53% −2.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 109$4.4BNVDA, AMD, TSLA, MU, GOOG
Q1 2026 110$3.5BNVDA, TSLA, GOOG, SHOP, AMZN
Q4 2025 105$4.5BNVDA, TSLA, SHOP, META, AMZN
Q3 2025 103$5.1BNVDA, TSLA, SHOP, META, AXON
Q2 2025 105$5.1BNVDA, AXON, TSLA, META, MELI
Q1 2025 101$4.1BNVDA, TSLA, MELI, META, SHOP
Q4 2024 101$4.9BNVDA, TSLA, SHOP, AMZN, AXON
Q3 2024 103$4.8BNVDA, TSLA, MELI, META, AMZN
Q2 2024 102$4.7BNVDA, AMZN, TSLA, MELI, META
Q1 2024 104$4.7BNVDA, AMZN, META, MELI, TSLA