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ALKEON CAPITAL MANAGEMENT LLC

SEC Form 13F institutional filer · CIK 0001230239

13F-HR · 45 reported holdings · 2026-03-31

Alkeon Capital Management LLC is a hedge fund.

Reported long-US-equity value

$17.37B

Top-10 concentration

52.3%

ALKEON CAPITAL MANAGEMENT LLC — $17.4B AUM allocation strategy

ALKEON CAPITAL MANAGEMENT LLC files SEC Form 13F and reports $17.4B of long US equity value across 45 reported holdings for 2026-03-31.

Its largest sector bet is Information Technology 30.4%, followed by Communication Services 15.5% and Consumer Discretionary 12.8%.

The top 10 holdings account for 52% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.

ALKEON CAPITAL MANAGEMENT LLC — latest SEC 13F insights

Reported long-US-equity value (13F AUM)

$17.4B

total across 45 reported holdings · 2026-03-31 · excludes shorts, cash, non-US

Top-10 concentration

52% of value

higher = narrower conviction; lower = spread / hedging

Biggest adds (shares)

$APH$VST$ETR

+$APH +873K sh · +$77.4M+$VST +600K sh · +$68.8M+$ETR +590K sh · +$121M

Biggest trims (shares)

$LRCX$MSFT$GOOG

−$LRCX −2.52M sh · −$266M−$MSFT −775K sh · −$511M−$GOOG −744K sh · −$362M

Added from nil (new positions)

$AVGO

1 fresh holding — new conviction

Exited to nil (held last quarter, gone now)

$DELL$CMI$SPY$AMT$IWM

$DELL ($134M last qtr)$CMI ($97M last qtr)$SPY ($89.7M last qtr)$AMT ($75.2M last qtr)$IWM ($44.2M last qtr)

Sector allocation (share of reported value)

Information Technology 30%Communication Services 15%Consumer Discretionary 13%Materials 5%Financials 5%ETFs 4%Industrials 4%Utilities 2%Other holdings 21%SECTORS
  • $XLKInformation Technology30.4%
  • $XLCCommunication Services15.5%
  • $XLYConsumer Discretionary12.8%
  • $XLBMaterials4.9%
  • $XLFFinancials4.8%
  • ETFs4.4%
  • $XLIIndustrials3.6%
  • $XLUUtilities2.2%
  • Other holdings21.5%

each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”

Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.

Industry allocation (share of reported value)

Interactive Media & Services 15%Semiconductor Materials & Equipment 14%Broadline Retail 7%Application Software 6%Construction Materials 5%Transaction & Payment Processing Services 5%Semiconductors 4%Electrical Components & Equipment 4%Other holdings 40%INDUSTRIES
  • Interactive Media & Services15.5%
  • Semiconductor Materials & Equipment14.4%
  • Broadline Retail7.0%
  • Application Software6.2%
  • Construction Materials4.9%
  • Transaction & Payment Processing Services4.8%
  • Semiconductors3.8%
  • Electrical Components & Equipment3.6%
  • Other holdings39.9%

the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”

Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.

Top S&P 500 holdings

9 of 9 rows · sorted by Value ↓

TickerHoldingSharesValueΔ QoQWeight
$GOOGAlphabet Inc. Class C Capital Stock5.06M$1.45B-744K8.4%
$METAMeta Platforms Inc2.15M$1.23B+153K7.1%
$AMZNAmazon.com Inc5.81M$1.21B+8.4K7.0%
$KLACKLA Corporation581K$855M-129K4.9%
$LRCXLam Research Corporation3.9M$833M-2.52M4.8%
$TERTeradyne Inc2.79M$827M+357K4.8%
$ADIAnalog Devices Inc2.07M$658M+48.3K3.8%
$VRTVertiv Holdings LLC2.5M$627M+499K3.6%
$SNPSSynopsys Inc1.57M$622M+566K3.6%

…and 36 more holdings in the full 13F filing (top positions only shown).

SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported

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How to read Δ QoQ — the five insight categories, and the caveats

The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.

Conviction & concentration shifts

New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.

Sector & macro allocation rotations

Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.

Crowding & smart-money consensus

When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.

Derivative & option overlays

Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.

Who reads this

Retail "cloners"High-conviction ideas to replicate ~45 days after quarter-end.
Corporate IRWhich funds bought or dumped the stock, before the next call.
Quant / algo tradersCross-sectional factor inputs: flow, momentum, ownership.

Four caveats before you trade on it

  • 45-day lag — holdings are quarter-end; positions may already be closed.
  • Long-only — 13Fs miss shorts, pair trades and cash.
  • No non-US / fixed income — the picture is US equities plus options.
  • Corporate actions — splits and spinoffs distort raw share deltas.

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