Zevenbergen Capital Investments LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 16, 2026), Zevenbergen Capital Investments LLC reported 109 stock positions worth $4.4 billion. Its top holding was Nvidia (NVDA) at 8.3% of the portfolio, followed by Advanced Micro Devices (AMD, 5.5%) and Tesla (TSLA, 5.1%). Compared with Q1 2026, it opened 9 new positions, sold out of 10, added to 31 and reduced 55. The biggest buy was a new position in Comfort Systems USA (FIX) and the biggest sale Nvidia (NVDA, shares −9%).

Most Recent 13F
Q2 2026
Location
EDMONDS, WA
CIK
0001276918
Portfolio Value
$4.4B (Q2 2026)
SEC Filing
0001276918-26-000007 ↗ filed Jul 16, 2026

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 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 $4.4B Q2 2026

Holdings 109 stocks · $4.4B
NVDA Nvidia Corp. 8.25% 1,805,876 $361.3M Reduce -8.6%
AMD Advanced Micro Devices 5.46% 411,585 $239.1M Reduce -26.5%
TSLA Tesla Inc. 5.13% 534,122 $224.7M Reduce -0.6%
MU Micron Technology Inc. 4.59% 173,965 $200.8M Reduce -9.4%
GOOG Alphabet Inc. Class C 4.41% 546,596 $193.1M Add +0.0%
AXON Axon Enterprise Inc. 3.87% 302,151 $169.4M Add +4.8%
AMZN Amazon.com Inc. 3.37% 618,334 $147.4M Reduce -2.4%
AAPL Apple Inc. 3.33% 504,171 $145.9M Add +0.5%
SHOP Shopify Inc. Class A 3.09% 1,183,816 $135.2M Reduce -9.6%
META Meta Platforms Inc. Class A 2.84% 220,423 $124.2M Reduce -2.0%
AVGO Broadcom Inc. 2.75% 319,150 $120.6M Add +2.1%
MSFT Microsoft Corp. 2.66% 312,395 $116.5M Reduce -0.6%
MELI MercadoLibre Inc. 2.61% 67,366 $114.3M Reduce -6.0%
MPWR Monolithic Power Systems Inc. 2.48% 78,604 $108.7M Reduce -4.0%
CRDO Credo Technology Group Holdi 2.48% 399,306 $108.6M Reduce -0.9%
CRWD CrowdStrike Holdings Inc. Class A 2.42% 139,105 $106.2M Reduce -5.4%
RKLB Rocket Lab Corp. 2.33% 1,005,003 $102.2M Reduce -1.9%
VRT Vertiv Holdings Co. Class A 2.14% 279,992 $93.7M Reduce -6.7%
SNOW Snowflake Inc. 2.14% 368,329 $93.7M Reduce -15.0%
GOOGL Alphabet Inc. Class A 1.82% 223,202 $79.8M Reduce -1.6%
PWR Quanta Services Inc. 1.64% 99,591 $71.7M Reduce -0.6%
NTRA Natera Inc. 1.58% 254,549 $69.1M Reduce -2.6%
AMAT Applied Materials Inc. 1.30% 78,800 $57.0M No change
TOST Toast Inc. Class A 1.27% 1,992,026 $55.4M Add +12.3%
TSM Taiwan Semiconductor-SP ADR 1.19% 108,665 $51.9M Add +60.9%
SWTSX Schwab Tot STK MRKT Indx 1.04% 2,509,054 $45.7M Reduce -40.7%
KLAC KLA Corp. 1.03% 150,000 $45.3M No change
DELL Dell Technologies -C 1.03% 104,190 $45.0M Add +0.4%
KRMN Karman Holdings Inc. 1.00% 874,574 $43.7M Add +39.6%
ANET Arista Networks Inc. 0.99% 253,900 $43.1M No change
DDOG Datadog Inc. Class A 0.95% 160,100 $41.7M Reduce -2.4%
APP AppLovin Corp. Class A 0.95% 80,571 $41.5M Reduce -5.4%
NFLX Netflix Inc. 0.95% 581,345 $41.5M Reduce -4.4%
UBER Uber Technologies Inc. 0.95% 573,837 $41.4M Reduce -26.5%
PANW Palo Alto Networks Inc. 0.73% 93,910 $32.0M Reduce -1.1%
COHR Coherent Corp. 0.72% 79,777 $31.5M Add +439.0%
APH Amphenol Corp. Class A 0.71% 176,030 $31.0M Reduce -1.1%
FIX Comfort Systems USA Inc. 0.65% 14,414 $28.6M New
IOT Samsara Inc. Class A 0.62% 832,213 $27.0M Add +14.9%
MRVL Marvell Technology Inc. 0.61% 89,657 $26.7M New
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.60% 13,222 $26.3M No change
V Visa Inc. Class A 0.60% 76,348 $26.2M Add +15.1%
CDNS Cadence Design SYS Inc. 0.56% 65,000 $24.4M No change
SPOT Spotify Technology SA 0.54% 51,617 $23.7M Reduce -33.3%
LASR Nlight Inc. 0.53% 336,035 $23.4M Add +17.7%
ARM Arm Holdings PLC-ADR 0.49% 60,965 $21.6M Add +6.8%
QCOM Qualcomm Inc. 0.49% 115,977 $21.4M Reduce -7.6%
STX Seagate Technology Holdings 0.49% 22,100 $21.3M Add +19.5%
SN Sharkninja Inc. 0.49% 139,725 $21.3M Add +17.7%
NXPI NXP Semiconductors NV 0.47% 73,100 $20.5M No change
TMDX Transmedics Group Inc. 0.47% 308,391 $20.5M Add +7.6%
VEEV Veeva Systems Inc. Class A 0.45% 111,527 $19.8M Reduce -4.4%
SPCX Space Exploration Techn Class A 0.38% 97,664 $16.7M New
CAI Caris Life Sciences Inc. 0.33% 802,083 $14.3M Add +31.4%
PODD Insulet Corp. 0.31% 88,606 $13.5M Reduce -36.4%
ONON On Holding AG Class A filed as ON HLDG AG 0.31% 377,471 $13.4M Reduce -6.4%
XMTR Xometry Inc. Class A 0.30% 138,325 $13.4M Add +1696.4%
NOW ServiceNow Inc. 0.27% 120,365 $11.9M Reduce -66.2%
MDB Mongodb Inc. 0.25% 33,200 $11.2M No change
IONQ Ionq Inc. 0.24% 200,000 $10.7M New
ORCL Oracle Corp. 0.22% 65,365 $9.6M Reduce -31.2%
BE Bloom Energy Corp. Class A 0.22% 31,590 $9.6M Reduce -9.9%
JPM JPMorgan Chase & Co. 0.21% 28,623 $9.4M Reduce -1.3%
APPF Appfolio Inc. Class A 0.21% 57,300 $9.2M Add +49.6%
TTAN Servicetitan Inc. Class A 0.20% 121,875 $8.6M Add +166.1%
COST Costco Wholesale Corp. 0.18% 8,203 $7.7M Reduce -0.6%
MIR Mirion Technologies Inc. 0.16% 400,300 $7.2M Add +22.7%
NBIS Nebius Group NV 0.14% 22,500 $6.2M Reduce -4.9%
AMPX Amprius Technologies Inc. 0.12% 381,420 $5.3M Add +61.0%
BLK BlackRock Inc. 0.10% 4,731 $4.5M Add +2.0%
BKNG Booking Holdings Inc. 0.10% 25,475 $4.5M Reduce -10.0%
HD Home Depot Inc. 0.08% 10,472 $3.7M Reduce -6.0%
PGR Progressive Corp. 0.08% 16,860 $3.7M Reduce -4.2%
AMGN Amgen Inc. 0.08% 9,989 $3.6M Reduce -0.1%
PCAR Paccar Inc. 0.08% 29,407 $3.5M Add +1.3%
CTAS Cintas Corp. 0.08% 20,220 $3.4M Reduce -4.3%
DKNG Draftkings Inc. Class A 0.07% 116,540 $2.9M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 3,931 $2.9M Add +25.0%
DE Deere & Co. 0.06% 4,465 $2.8M Add +1.7%
JNJ Johnson & Johnson 0.06% 11,129 $2.8M Reduce -0.3%
RDDT Reddit Inc. Class A 0.06% 15,240 $2.6M Reduce -0.4%
RBRK Rubrik Inc. Class A 0.06% 31,000 $2.5M Add +0.4%
WM Waste Management Inc. 0.06% 11,155 $2.5M No change
DGX Quest Diagnostics Inc. 0.05% 11,315 $2.4M Add +2.2%
KRKNF Kraken Robotics Inc. 0.05% 506,785 $2.3M Add +23.6%
NEE Nextera Energy Inc. 0.05% 25,073 $2.2M Add +99.5%
CYATY Contemporary Amperex Technol 0.05% 96,025 $2.2M New
SYM Symbotic Inc. 0.05% 44,800 $2.0M Reduce -5.6%
CSCO Cisco Systems Inc. 0.04% 16,090 $1.9M Reduce -2.0%
BX Blackstone Inc. 0.04% 14,830 $1.7M Reduce -6.1%
ECL Ecolab Inc. 0.04% 6,250 $1.7M Add +0.3%
ABT Abbott Laboratories 0.04% 19,064 $1.7M Reduce -12.5%
RIVN Rivian Automotive Inc. Class A 0.04% 96,280 $1.7M Reduce -7.3%
VMC Vulcan Materials Co. 0.04% 5,630 $1.7M Reduce -10.8%
SBUX Starbucks Corp. 0.02% 10,432 $1.1M Reduce -0.8%
DSI iShares ESG MSCI KLD 400 ETF 0.02% 6,075 $865K No change
ROL Rollins Inc. 0.01% 14,620 $610K New
AXP American Express Co. 0.01% 1,600 $541K Reduce -5.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 5,423 $522K Reduce -16.7%
ABBV Abbvie Inc. 0.01% 1,923 $484K No change
LGIH Lgi Homes Inc. 0.01% 6,150 $392K No change
NAVN Navan Inc. Class A 0.01% 16,700 $382K New
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.01% 650 $340K No change
WING Wingstop Inc. 0.01% 1,945 $337K Reduce -98.0%
BR Broadridge Financial Solutio 0.01% 2,030 $278K Reduce -5.4%
TSCO Tractor Supply Company 0.01% 8,415 $266K Reduce -53.9%
DHI D.R. Horton Inc. 0.01% 1,565 $255K No change
MRK Merck & Co. Inc. 0.00% 1,565 $201K New
CARL Carlsmed Inc. 0.00% 11,900 $124K New

Portfolio Sells Q1 2026 → Q2 2026
NVDA Nvidia Corp. Reduce -8.6% 8.25% −1.66
SHOP Shopify Inc. Class A Reduce -9.6% 3.09% −1.38
MELI MercadoLibre Inc. Reduce -6.0% 2.61% −0.95
SWTSX Schwab Tot STK MRKT Indx Reduce -40.7% 1.04% −0.87
META Meta Platforms Inc. Class A Reduce -2.0% 2.84% −0.87
NOW ServiceNow Inc. Reduce -66.2% 0.27% −0.80
CSHX Cashmere Valley Bank Sold out 0.00% −0.80
NFLX Netflix Inc. Reduce -4.4% 0.95% −0.73
MSFT Microsoft Corp. Reduce -0.6% 2.66% −0.69
UBER Uber Technologies Inc. Reduce -26.5% 0.95% −0.67
TSLA Tesla Inc. Reduce -0.6% 5.13% −0.61
SPOT Spotify Technology SA Reduce -33.3% 0.54% −0.54
PODD Insulet Corp. Reduce -36.4% 0.31% −0.53
WING Wingstop Inc. Reduce -98.0% 0.01% −0.44
AMZN Amazon.com Inc. Reduce -2.4% 3.37% −0.43
INTU Intuit Inc. Sold out 0.00% −0.32
ARQT Arcutis Biotherapeutics Inc. Sold out 0.00% −0.24
ORCL Oracle Corp. Reduce -31.2% 0.22% −0.18
Z Zillow Group Inc. Class C Sold out 0.00% −0.16
VEEV Veeva Systems Inc. Class A Reduce -4.4% 0.45% −0.14
SRAD Sportradar Group AG-A Sold out 0.00% −0.11
MPWR Monolithic Power Systems Inc. Reduce -4.0% 2.48% −0.09
ONON On Holding AG Class A Reduce -6.4% 0.31% −0.09
COST Costco Wholesale Corp. Reduce -0.6% 0.18% −0.06
GOOGL Alphabet Inc. Class A Reduce -1.6% 1.82% −0.05
ZTS Zoetis Inc. Sold out 0.00% −0.04
MMYT Makemytrip Ltd. Sold out 0.00% −0.04
BKNG Booking Holdings Inc. Reduce -10.0% 0.10% −0.03
JPM JPMorgan Chase & Co. Reduce -1.3% 0.21% −0.03
APP AppLovin Corp. Class A Reduce -5.4% 0.95% −0.03
SYM Symbotic Inc. Reduce -5.6% 0.05% −0.03
ABT Abbott Laboratories Reduce -12.5% 0.04% −0.02
CTAS Cintas Corp. Reduce -4.3% 0.08% −0.02
HD Home Depot Inc. Reduce -6.0% 0.08% −0.02
VRT Vertiv Holdings Co. Class A Reduce -6.7% 2.14% −0.02
AMGN Amgen Inc. Reduce -0.1% 0.08% −0.02
TSCO Tractor Supply Company Reduce -53.9% 0.01% −0.02
PGR Progressive Corp. Reduce -4.2% 0.08% −0.02
JNJ Johnson & Johnson Reduce -0.3% 0.06% −0.01
TTD Trade Desk Inc./the Class A Sold out 0.00% −0.01
BX Blackstone Inc. Reduce -6.1% 0.04% −0.01
VMC Vulcan Materials Co. Reduce -10.8% 0.04% −0.01
PL Planet Labs PBC Sold out 0.00% −0.01
ARES Ares Management Corp. Class A Sold out 0.00% −0.01
RIVN Rivian Automotive Inc. Class A Reduce -7.3% 0.04% −0.01
DIS The Walt Disney Co. Reduce -16.7% 0.01% −0.01
BR Broadridge Financial Solutio Reduce -5.4% 0.01% −0.00
SBUX Starbucks Corp. Reduce -0.8% 0.02% −0.00
AXP American Express Co. Reduce -5.9% 0.01% −0.00
RDDT Reddit Inc. Class A Reduce -0.4% 0.06% +0.00

Portfolio Buys Q1 2026 → Q2 2026
FIX Comfort Systems USA Inc. New 0.65% +0.65
COHR Coherent Corp. Add +439.0% 0.72% +0.62
MRVL Marvell Technology Inc. New 0.61% +0.61
DELL Dell Technologies -C Add +0.4% 1.03% +0.54
TSM Taiwan Semiconductor-SP ADR Add +60.9% 1.19% +0.53
SPCX Space Exploration Techn Class A New 0.38% +0.38
AXON Axon Enterprise Inc. Add +4.8% 3.87% +0.35
XMTR Xometry Inc. Class A Add +1696.4% 0.30% +0.30
STX Seagate Technology Holdings Add +19.5% 0.49% +0.28
ARM Arm Holdings PLC-ADR Add +6.8% 0.49% +0.25
IONQ Ionq Inc. New 0.24% +0.24
SN Sharkninja Inc. Add +17.7% 0.49% +0.12
TTAN Servicetitan Inc. Class A Add +166.1% 0.20% +0.11
LASR Nlight Inc. Add +17.7% 0.53% +0.07
CYATY Contemporary Amperex Technol New 0.05% +0.05
APPF Appfolio Inc. Class A Add +49.6% 0.21% +0.04
V Visa Inc. Class A Add +15.1% 0.60% +0.02
NEE Nextera Energy Inc. Add +99.5% 0.05% +0.02
ROL Rollins Inc. New 0.01% +0.01
RBRK Rubrik Inc. Class A Add +0.4% 0.06% +0.01
CAI Caris Life Sciences Inc. Add +31.4% 0.33% +0.01
NAVN Navan Inc. Class A New 0.01% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +25.0% 0.07% +0.01
AMPX Amprius Technologies Inc. Add +61.0% 0.12% +0.01
MRK Merck & Co. Inc. New 0.00% +0.00
CARL Carlsmed Inc. New 0.00% +0.00
DE Deere & Co. Add +1.7% 0.06% −0.01
DGX Quest Diagnostics Inc. Add +2.2% 0.05% −0.01
ECL Ecolab Inc. Add +0.3% 0.04% −0.01
MIR Mirion Technologies Inc. Add +22.7% 0.16% −0.01
PCAR Paccar Inc. Add +1.3% 0.08% −0.02
KRKNF Kraken Robotics Inc. Add +23.6% 0.05% −0.02
BLK BlackRock Inc. Add +2.0% 0.10% −0.02
AVGO Broadcom Inc. Add +2.1% 2.75% −0.03
IOT Samsara Inc. Class A Add +14.9% 0.62% −0.04
TOST Toast Inc. Class A Add +12.3% 1.27% −0.09
GOOG Alphabet Inc. Class C Add +0.0% 4.41% −0.10
AAPL Apple Inc. Add +0.5% 3.33% −0.33
TMDX Transmedics Group Inc. Add +7.6% 0.47% −0.35
KRMN Karman Holdings Inc. Add +39.6% 1.00% −0.44

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