Zevenbergen Capital Investments LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Zevenbergen Capital Investments LLC reported 103 stock positions worth $4.8 billion. Its top holding was Nvidia (NVDA) at 8.6% of the portfolio, followed by Tesla (TSLA, 6.5%) and MercadoLibre (MELI, 5.7%). Compared with Q2 2024, it opened 5 new positions, sold out of 4, added to 33 and reduced 53. The biggest buy was a new position in Dexcom (DXCM) and the biggest sale Snowflake (SNOW, shares −59%).

Most Recent 13F
Q2 2026
Location
EDMONDS, WA
CIK
0001276918
Portfolio Value
$4.8B (Q3 2024)
SEC Filing
0001276918-24-000011 ↗ filed Nov 12, 2024

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $4.7B Q1 2024 Q2 2024: $4.7B Q2 2024 Q3 2024: $4.8B $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 103 stocks · $4.8B
NVDA Nvidia Corp. 8.60% 3,377,446 $410.2M Reduce -7.3%
TSLA Tesla Inc. 6.54% 1,191,153 $311.6M Reduce -2.7%
MELI MercadoLibre Inc. 5.68% 131,959 $270.8M Reduce -6.4%
META Meta Platforms Inc. Class A 5.39% 448,669 $256.8M Reduce -0.5%
AMZN Amazon.com Inc. 5.33% 1,362,213 $253.8M Reduce -8.7%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 5.06% 2,200,074 $241.2M Reduce -2.1%
SHOP Shopify Inc. Class A 4.70% 2,796,166 $224.1M Reduce -1.5%
AXON Axon Enterprise Inc. 4.07% 485,058 $193.8M Reduce -2.1%
AMD Advanced Micro Devices 3.52% 1,023,816 $168.0M Reduce -2.2%
NOW ServiceNow Inc. 3.19% 169,954 $152.0M Add +5.5%
UBER Uber Technologies Inc. 3.06% 1,941,799 $145.9M Reduce -3.6%
MSFT Microsoft Corp. 2.99% 331,371 $142.6M Add +0.1%
AAPL Apple Inc. 2.42% 495,317 $115.4M Add +0.0%
GOOG Alphabet Inc. Class C 2.39% 682,530 $114.1M Reduce -9.3%
NFLX Netflix Inc. 2.30% 154,367 $109.5M Reduce -6.8%
EXAS Exact Sciences Corp. 2.05% 1,433,575 $97.7M Reduce -2.0%
PANW Palo Alto Networks Inc. 1.88% 261,643 $89.4M Reduce -10.0%
CRWD CrowdStrike Holdings Inc. Class A 1.70% 288,620 $80.9M Add +11.8%
FSLR First Solar Inc. 1.65% 315,027 $78.6M Reduce -3.6%
WING Wingstop Inc. 1.46% 167,473 $69.7M Reduce -2.4%
ELF Elf Beauty Inc. 1.46% 636,141 $69.4M Add +67.0%
ASML ASML Holding NV-NY Reg SHS 1.40% 80,037 $66.7M Reduce -7.1%
AVGO Broadcom Inc. 1.34% 370,450 $63.9M Reduce -0.5%
Z Zillow Group Inc. Class C 1.29% 959,760 $61.3M Reduce -2.8%
TOST Toast Inc. Class A 1.25% 2,105,914 $59.6M Add +11.8%
NTRA Natera Inc. 1.24% 465,310 $59.1M Reduce -4.2%
SPOT Spotify Technology SA 1.23% 159,191 $58.7M Add +6.2%
ARM Arm Holdings PLC-ADR 1.18% 393,957 $56.3M Add +11.3%
ABNB Airbnb Inc. Class A 1.13% 425,906 $54.0M Reduce -8.1%
VEEV Veeva Systems Inc. Class A 1.00% 228,202 $47.9M Reduce -5.6%
CDNS Cadence Design SYS Inc. 0.97% 171,474 $46.5M Reduce -3.2%
MPWR Monolithic Power Systems Inc. 0.83% 42,923 $39.7M Reduce -17.4%
ONON On Holding AG Class A filed as ON HLDG AG 0.71% 671,478 $33.7M Reduce -6.8%
MU Micron Technology Inc. 0.68% 311,025 $32.3M Add +1.7%
SNOW Snowflake Inc. 0.66% 272,687 $31.3M Reduce -58.8%
ORCL Oracle Corp. 0.58% 163,625 $27.9M Reduce -0.6%
DDOG Datadog Inc. Class A 0.54% 222,455 $25.6M Reduce -0.6%
ANET Arista Networks Inc. 0.51% 63,350 $24.3M No change
DXCM Dexcom Inc. 0.50% 353,148 $23.7M New
MDB Mongodb Inc. 0.45% 80,085 $21.7M Reduce -15.2%
EVH Evolent Health Inc. Class A 0.45% 753,038 $21.3M Reduce -2.6%
QCOM Qualcomm Inc. 0.43% 121,827 $20.7M Add +4.6%
SYM Symbotic Inc. 0.40% 788,092 $19.2M Add +20.6%
RGEN Repligen Corp. 0.40% 128,970 $19.2M Add +0.3%
HUBS HubSpot Inc. 0.40% 35,435 $18.8M Reduce -36.3%
DELL Dell Technologies -C 0.37% 150,000 $17.8M No change
ADBE Adobe Inc. 0.33% 30,000 $15.5M No change
INTU Intuit Inc. 0.32% 24,421 $15.2M Add +1.8%
V Visa Inc. Class A 0.30% 52,608 $14.5M Reduce -40.9%
AMAT Applied Materials Inc. 0.30% 70,000 $14.1M No change
BKNG Booking Holdings Inc. 0.28% 3,166 $13.3M Add +0.8%
KLAC KLA Corp. 0.24% 15,000 $11.6M Reduce -16.7%
APH Amphenol Corp. Class A 0.23% 170,845 $11.1M Add +0.4%
VRT Vertiv Holdings Co. Class A 0.19% 90,000 $9.0M No change
DKNG Draftkings Inc. Class A 0.16% 199,315 $7.8M Add +9.0%
COST Costco Wholesale Corp. 0.15% 8,255 $7.3M Add +0.9%
BR Broadridge Financial Solutio 0.15% 34,010 $7.3M Add +0.2%
JPM JPMorgan Chase & Co. 0.13% 30,168 $6.4M Add +0.8%
PCOR Procore Technologies Inc. 0.12% 94,130 $5.8M Reduce -56.6%
APPF Appfolio Inc. Class A 0.11% 21,450 $5.0M Reduce -4.5%
NXPI NXP Semiconductors NV 0.10% 20,000 $4.8M Reduce -20.0%
PGR Progressive Corp. 0.10% 18,715 $4.7M Reduce -1.0%
HD Home Depot Inc. 0.10% 11,282 $4.6M Add +0.8%
BLK BlackRock Inc. 0.09% 4,468 $4.2M Reduce -2.1%
CTAS Cintas Corp. 0.09% 20,400 $4.2M Add +1.0%
CRM Salesforce Inc. 0.09% 15,000 $4.1M New
PCTY Paylocity Holding Corp. 0.07% 21,200 $3.5M Reduce -63.3%
AMGN Amgen Inc. 0.07% 9,894 $3.2M Add +0.2%
ZTS Zoetis Inc. 0.06% 15,545 $3.0M Add +1.2%
PAYX Paychex Inc. 0.06% 22,050 $3.0M Reduce -0.3%
RIVN Rivian Automotive Inc. Class A 0.06% 250,517 $2.8M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 4,844 $2.8M Reduce -4.9%
ABT Abbott Laboratories 0.05% 21,484 $2.4M Reduce -5.9%
JNJ Johnson & Johnson 0.05% 14,224 $2.3M Add +2.5%
PCAR Paccar Inc. 0.05% 23,275 $2.3M Add +0.9%
CRDO Credo Technology Group Holdi 0.05% 71,325 $2.2M Add +340.3%
BX Blackstone Inc. 0.05% 14,120 $2.2M Add +1.7%
CDW CDW Corp. 0.04% 7,640 $1.7M Add +0.1%
STZ Constellation Brands Inc. Class A 0.03% 6,460 $1.7M Reduce -3.0%
BE Bloom Energy Corp. Class A 0.03% 156,850 $1.7M Add +11.1%
ECL Ecolab Inc. 0.03% 5,785 $1.5M Add +3.2%
DBRG Digitalbridge Group Inc. 0.03% 100,000 $1.4M No change
NEE Nextera Energy Inc. 0.03% 14,928 $1.3M Add +2.0%
BDX Becton Dickinson and Co. 0.02% 4,865 $1.2M Reduce -3.9%
SBUX Starbucks Corp. 0.02% 11,832 $1.2M Reduce -0.2%
TSCO Tractor Supply Company 0.02% 3,720 $1.1M Add +2.9%
CSCO Cisco Systems Inc. 0.02% 15,985 $851K Reduce -2.2%
DSI iShares ESG MSCI KLD 400 ETF 0.02% 6,750 $734K No change
GOOGL Alphabet Inc. Class A 0.02% 4,420 $733K Reduce -0.6%
ACN Accenture PLC Class A 0.01% 2,013 $712K Add +5.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 6,189 $595K Reduce -24.0%
IVV iShares Core S&P 500 ETF 0.01% 824 $475K New
AXP American Express Co. 0.01% 1,700 $461K No change
ABBV Abbvie Inc. 0.01% 1,923 $380K No change
AGG iShares Core U.S. Aggregate 0.01% 3,120 $316K New
DHI D.R. Horton Inc. 0.01% 1,565 $299K No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.01% 2,888 $288K Reduce -45.5%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.01% 650 $275K No change
LEN Lennar Corp. Class A 0.01% 1,304 $244K New
CAVA Cava Group Inc. 0.00% 1,780 $220K Reduce -79.6%
XMTR Xometry Inc. Class A 0.00% 11,100 $204K Reduce -67.5%
DLO Dlocal Ltd. 0.00% 15,300 $122K Reduce -98.7%
SOUN Soundhound AI Inc. Class A 0.00% 13,500 $63K Reduce -62.0%

Portfolio Sells Q2 2024 → Q3 2024
SNOW Snowflake Inc. Reduce -58.8% 0.66% −1.26
NVDA Nvidia Corp. Reduce -7.3% 8.60% −1.03
AMZN Amazon.com Inc. Reduce -8.7% 5.33% −0.85
GOOG Alphabet Inc. Class C Reduce -9.3% 2.39% −0.56
ASML ASML Holding NV-NY Reg SHS Reduce -7.1% 1.40% −0.49
ABNB Airbnb Inc. Class A Reduce -8.1% 1.13% −0.37
HUBS HubSpot Inc. Reduce -36.3% 0.40% −0.31
PANW Palo Alto Networks Inc. Reduce -10.0% 1.88% −0.23
DLO Dlocal Ltd. Reduce -98.7% 0.00% −0.21
V Visa Inc. Class A Reduce -40.9% 0.30% −0.20
CDNS Cadence Design SYS Inc. Reduce -3.2% 0.97% −0.19
PCOR Procore Technologies Inc. Reduce -56.6% 0.12% −0.19
AMD Advanced Micro Devices Reduce -2.2% 3.52% −0.11
NFLX Netflix Inc. Reduce -6.8% 2.30% −0.10
WING Wingstop Inc. Reduce -2.4% 1.46% −0.09
PCTY Paylocity Holding Corp. Reduce -63.3% 0.07% −0.09
DDOG Datadog Inc. Class A Reduce -0.6% 0.54% −0.08
MPWR Monolithic Power Systems Inc. Reduce -17.4% 0.83% −0.08
KLAC KLA Corp. Reduce -16.7% 0.24% −0.07
UBER Uber Technologies Inc. Reduce -3.6% 3.06% −0.07
MDB Mongodb Inc. Reduce -15.2% 0.45% −0.05
NXPI NXP Semiconductors NV Reduce -20.0% 0.10% −0.04
GLBE Global-E Online Ltd. Sold out 0.00% −0.04
CAVA Cava Group Inc. Reduce -79.6% 0.00% −0.01
TDW Tidewater Inc. Sold out 0.00% −0.01
APPF Appfolio Inc. Class A Reduce -4.5% 0.11% −0.01
INDI Indie Semiconductor Inc. Class A Sold out 0.00% −0.01
ODD Oddity Tech Ltd. Class A Sold out 0.00% −0.01
EL Estee Lauder Companies Class A Reduce -45.5% 0.01% −0.01
DIS The Walt Disney Co. Reduce -24.0% 0.01% −0.00
XMTR Xometry Inc. Class A Reduce -67.5% 0.00% −0.00
GOOGL Alphabet Inc. Class A Reduce -0.6% 0.02% −0.00
STZ Constellation Brands Inc. Class A Reduce -3.0% 0.03% −0.00
SOUN Soundhound AI Inc. Class A Reduce -62.0% 0.00% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.9% 0.06% −0.00
BDX Becton Dickinson and Co. Reduce -3.9% 0.02% −0.00
ABT Abbott Laboratories Reduce -5.9% 0.05% +0.00
CSCO Cisco Systems Inc. Reduce -2.2% 0.02% +0.00
SBUX Starbucks Corp. Reduce -0.2% 0.02% +0.00
PAYX Paychex Inc. Reduce -0.3% 0.06% +0.01
BLK BlackRock Inc. Reduce -2.1% 0.09% +0.01
PGR Progressive Corp. Reduce -1.0% 0.10% +0.02
VEEV Veeva Systems Inc. Class A Reduce -5.6% 1.00% +0.06
AVGO Broadcom Inc. Reduce -0.5% 1.34% +0.06
FSLR First Solar Inc. Reduce -3.6% 1.65% +0.07
ORCL Oracle Corp. Reduce -0.6% 0.58% +0.09
ONON On Holding AG Class A Reduce -6.8% 0.71% +0.11
NTRA Natera Inc. Reduce -4.2% 1.24% +0.11
EVH Evolent Health Inc. Class A Reduce -2.6% 0.45% +0.13
Z Zillow Group Inc. Class C Reduce -2.8% 1.29% +0.31

Portfolio Buys Q2 2024 → Q3 2024
DXCM Dexcom Inc. New 0.50% +0.50
NOW ServiceNow Inc. Add +5.5% 3.19% +0.48
SPOT Spotify Technology SA Add +6.2% 1.23% +0.22
TOST Toast Inc. Class A Add +11.8% 1.25% +0.21
AAPL Apple Inc. Add +0.0% 2.42% +0.19
CRM Salesforce Inc. New 0.09% +0.09
RGEN Repligen Corp. Add +0.3% 0.40% +0.06
CRDO Credo Technology Group Holdi Add +340.3% 0.05% +0.04
DKNG Draftkings Inc. Class A Add +9.0% 0.16% +0.01
HD Home Depot Inc. Add +0.8% 0.10% +0.01
BKNG Booking Holdings Inc. Add +0.8% 0.28% +0.01
CTAS Cintas Corp. Add +1.0% 0.09% +0.01
BR Broadridge Financial Solutio Add +0.2% 0.15% +0.01
IVV iShares Core S&P 500 ETF New 0.01% +0.01
BX Blackstone Inc. Add +1.7% 0.05% +0.01
ZTS Zoetis Inc. Add +1.2% 0.06% +0.01
AGG iShares Core U.S. Aggregate New 0.01% +0.01
LEN Lennar Corp. Class A New 0.01% +0.01
JNJ Johnson & Johnson Add +2.5% 0.05% +0.00
COST Costco Wholesale Corp. Add +0.9% 0.15% +0.00
NEE Nextera Energy Inc. Add +2.0% 0.03% +0.00
JPM JPMorgan Chase & Co. Add +0.8% 0.13% +0.00
ACN Accenture PLC Class A Add +5.5% 0.01% +0.00
ECL Ecolab Inc. Add +3.2% 0.03% +0.00
TSCO Tractor Supply Company Add +2.9% 0.02% +0.00
AMGN Amgen Inc. Add +0.2% 0.07% +0.00
CDW CDW Corp. Add +0.1% 0.04% −0.00
BE Bloom Energy Corp. Class A Add +11.1% 0.03% −0.00
PCAR Paccar Inc. Add +0.9% 0.05% −0.00
APH Amphenol Corp. Class A Add +0.4% 0.23% −0.01
INTU Intuit Inc. Add +1.8% 0.32% −0.02
ARM Arm Holdings PLC-ADR Add +11.3% 1.18% −0.06
QCOM Qualcomm Inc. Add +4.6% 0.43% −0.06
SYM Symbotic Inc. Add +20.6% 0.40% −0.09
MSFT Microsoft Corp. Add +0.1% 2.99% −0.18
MU Micron Technology Inc. Add +1.7% 0.68% −0.18
ELF Elf Beauty Inc. Add +67.0% 1.46% −0.26
CRWD CrowdStrike Holdings Inc. Class A Add +11.8% 1.70% −0.42

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