NZS Capital, LLC
SEC Form 13F institutional filer · CIK 0001816616
13F-HR · 34 reported holdings · 2026-03-31
Asset management firm.
Reported long-US-equity value
$2.28B
Top-10 concentration
51.9%
NZS Capital, LLC — $2.28B AUM allocation strategy
NZS Capital, LLC files SEC Form 13F and reports $2.28B of long US equity value across 34 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 36.4%, followed by Industrials 12.0% and Health Care 11.2%.
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.
NZS Capital, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$2.28B
total across 34 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
52% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$APH +273K sh · +$30.2M+$CSGP +268K sh · −$1.06M+$TYL +166K sh · +$53.1M
Biggest trims (shares)
−$AMT −530K sh · −$93.3M−$LRCX −166K sh · −$4M−$IR −74.6K sh · −$5.09M
Sector allocation (share of reported value)
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)
- Application Software12.4%—
- Interactive Media & Services9.6%—
- Semiconductor Materials & Equipment8.2%—
- Semiconductors7.1%—
- Health Care Equipment6.6%—
- Industrial Gases5.0%—
- Life Sciences Tools & Services4.7%—
- Electronic Equipment & Instruments4.5%—
- Other holdings41.9%—
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
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $GOOGL | Alphabet Inc | 761K | $218M | -54.7K | 9.6% |
| $CDNS | Cadence Design Systems Inc | 527K | $147M | +57.6K | 6.4% |
| $LRCX | Lam Research Corporation | 574K | $123M | -166K | 5.4% |
| $LIN | Linde plc | 230K | $114M | -14.2K | 5.0% |
| $DHR | Danaher Corporation | 558K | $106M | -72.3K | 4.6% |
| $TXN | Texas Instruments Incorporated | 534K | $104M | +11.5K | 4.5% |
| $ROP | Roper Technologies Inc | 289K | $102M | +63K | 4.5% |
| $APH | Amphenol Corporation | 759K | $95.9M | +273K | 4.2% |
| $PGR | Progressive Corporation | 480K | $95.1M | +11.4K | 4.2% |
| $TT | Trane Technologies plc | 197K | $82.2M | +4.42K | 3.6% |
…and 24 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
← All 13F filers·← QuantOrb.pro
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 IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-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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