CIK: 0001908450
Total reported value
$15.5B
Reporting period: 2026-03-31 · Number of holdings: 16
Newlands Management Operations LLC disclosed 16 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $15.5B and a quarterly turnover rate of 22.9%.
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Newlands Management Operations LLC's disclosed holdings carry a Herfindahl concentration index of 0.183 — mathematically equivalent to about 5 equally-sized positions, well below its 16 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.43), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim HOOD
0.0% -$1.1B
Add META
0.0% -$861.8M
Add GOOGL
0.0% -$157.9M
Trim DASH
0.0% -$539.5M
Add AMZN
0.0% -$148.6M
Add NFLX
0.0% $16.0M
Newlands is executing a concentrated rotation out of enterprise software (WDAY, DOCU) to double down on a massive conviction bet in Communication Services and Consumer Discretionary, with a symbolic MRNA toehold that does not alter the sector thesis. This is an aggressive Alpha hunt, not capital rotation — they are narrowing to a consumer-led narrative with zero defensive hedge.
The 52% Communication Services and 27% Consumer Discretionary weights embed a regime bet on a consumer-spending revival and accelerating media/advertising revenue, likely expecting easier monetary policy or fiscal transfer. The opposing thesis: if the economy slows or inflation remains sticky, these cyclical sectors will compress first, and the complete absence of healthcare or enterprise tech diversification leaves no counter-cyclical buffer — the portfolio is naked to a macro reversal.
With only 16 positions and a sector conviction score of 100, this portfolio is acutely vulnerable to factor crowding and a positioning squeeze in Communication Services — a single regulatory headline or earnings miss in a top holding can trigger a weight cascade amplified by the low turnover (22%) and high HHI (0.18). The conviction-sizing discipline (85.65) locks them into the narrative through drawdowns, creating reflexivity risk if the consensus trade unwinds.
This summary was generated by AI from publicly filed SEC data and reflects historical holdings only — it is not a recommendation to buy or sell.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | Stock-Comm Services | 36.27% | +2.93% | — | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 11.55% | +1.54% | — | |
| 3 | HOOD | Robinhood Markets INC - A | Stock-Financials | 10.83% | -3.25% | — | |
| 4 | TSLA | Tesla INC | Stock-Consumer Disc | 9.06% | +0.33% | — | |
| 5 | AMZN | Amazon.com INC | Stock-Consumer Disc | 8.88% | +1.04% | — | |
| 6 | DASH | Doordash INC - A | Stock-Consumer Disc | 6.87% | -1.38% | — | |
| 7 | SHOP | Shopify INC - Class A | Stock-Tech | 4.85% | -0.40% | — | |
| 8 | NFLX | Netflix INC | Stock-Comm Services | 4.17% | +0.93% | — | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 2.52% | -0.10% | — | |
| 10 | JD | Jd.com Inc-adr | Stock-Consumer Disc | 2.24% | +0.51% | — | |
| 11 | SCHW | Schwab (charles) CORP | Stock-Financials | 1.94% | +0.29% | — | |
| 12 | AAPL | Apple INC | Stock-Tech | 0.41% | +0.06% | — | |
| 13 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.22% | +0.02% | — | |
| 14 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.17% | +0.02% | — | |
| 15 | COIN | Coinbase Global INC -class A | Stock-Financials | 0.02% | — | — | |
| 16 | MRNA | Moderna INC | Stock-Healthcare | — | — | NEW |
Performance for Q3 2026
-0.9%
Performance Last 4 Quarters
-3.2%
Based on 71% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 16 | $15.5B | 23 | |
| 2025-12-31 | 17 | $19.4B | 15 | |
| 2025-09-30 | 25 | $21.1B | 37 | |
| 2025-06-30 | 25 | $18.9B | 0 | |
| 2025-03-31 | 23 | $14.8B | 0 | |
| 2024-12-31 | 25 | $15.9B | 0 | |
| 2024-09-30 | 21 | $13.8B | 0 | |
| 2024-06-30 | 20 | $12.1B | 0 | |
| 2024-03-31 | 30 | $12.4B | 0 | |
| 2023-12-31 | 29 | $10.9B | 0 | |
| 2023-09-30 | 29 | $9.4B | 0 | |
| 2023-06-30 | 30 | $9.4B | 0 | |
| 2023-03-31 | 26 | $5.6B | 0 | |
| 2022-12-31 | 25 | $3.8B | 0 |
Newlands Management Operations LLC's most significant position changes for 2026-03-31: Sold out: Workday Inc-class A (WDAY); Sold out: Docusign INC (DOCU); New buy: Moderna INC (MRNA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | +2.9% | — | Unchanged |
| 2 | GOOGL | Alphabet Inc-cl A | +1.5% | — | Unchanged |
| 3 | AMZN | Amazon.com INC | +1% | — | Unchanged |
| 4 | NFLX | Netflix INC | +0.9% | — | Unchanged |
| 5 | JD | Jd.com Inc-adr | +0.5% | — | Unchanged |
| 6 | TSLA | Tesla INC | +0.3% | — | Unchanged |
| 7 | SCHW | Schwab (charles) CORP | +0.3% | — | Unchanged |
| 8 | AAPL | Apple INC | +0.1% | — | Unchanged |
| 9 | BABA | Alibaba Group Holding-sp Adr | 0% | — | Unchanged |
| 10 | GOOG | Alphabet Inc-cl C | 0% | — | Unchanged |
| 11 | COIN | Coinbase Global INC -class A | — | — | Unchanged |
| 12 | MSFT | Microsoft CORP | -0.1% | — | Unchanged |
| 13 | SHOP | Shopify INC - Class A | -0.4% | — | Unchanged |
| 14 | DASH | Doordash INC - A | -1.4% | — | Unchanged |
| 15 | HOOD | Robinhood Markets INC - A | -3.3% | — | Unchanged |
| 16 | WDAY | Workday Inc-class A | — | EXIT | Sold out |
| 17 | DOCU | Docusign INC | — | EXIT | Sold out |
| 18 | MRNA | Moderna INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
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