VC
Valiant Capital Management, L.P. 13F Filings Tracker & Analysis
Valiant Capital Management, L.P.CIK: 0001452689
Momentum followerQuality / disciplined sizingSector-focused
Total reported value
$1.7B
Reporting period: 2026-03-31 · Number of holdings: 34
Valiant Capital Management, L.P. disclosed 34 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.7B and a quarterly turnover rate of 59.5%.
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Personality snowflake
- Concentration
- 28.94
- Portfolio Stability
- 59.53
- Momentum/Contrarian
- 100
- Sector conviction
- 74.79
- Diversification
- 64
- Sizing Uniformity
- 88.35
Valiant Capital Management, L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.072 — mathematically equivalent to about 14 equally-sized positions, well below its 34 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.17), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 65% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Recent moves
Add AMZN
+402.2% $126.7M
Add SPY
+45.9% $63.4M
Add IWM
+38.1% $63.3M
Add CORZ
+30.4% $50.3M
Add SEI
+52.4% $29.5M
Add PUMP
+10.2% $23.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 32 holdings (of 34 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 12.94% | +3.79% | +45.93% | |
| 2 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 12.93% | +3.78% | +38.11% | |
| 3 | CORZ | Core Scientific INC | Stock-Tech | 11.39% | +3.02% | +30.42% | |
| 4 | AMZN | Amazon.com INC | Stock-Consumer Disc | 9.34% | +7.31% | +402.18% | |
| 5 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 7.95% | +0.25% | -8.68% | |
| 6 | GEV | GE Vernova INC | Stock-Industrials | 4.74% | +0.98% | -6.97% | |
| 7 | SEI | Solaris Energy Infrastructur | Stock-Energy | 3.63% | +1.72% | +52.42% | |
| 8 | PUMP | Propetro Holding CORP | Stock-Other | 3.35% | +1.38% | +10.20% | |
| 9 | APO | Apollo Global Management INC | Stock-Financials | 2.75% | +2.75% | NEW | |
| 10 | GRDN | Guardian Phrmcy Services-a | Stock-Other | 2.57% | +0.47% | -3.72% | |
| 11 | RH | Rh | Stock-Consumer Disc | 2.42% | +0.57% | +64.84% | |
| 12 | AVGO | Broadcom INC | Stock-Tech | 2.25% | -0.47% | -8.79% | |
| 13 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 2.24% | -0.01% | -8.38% | |
| 14 | CG | Carlyle Group Inc/the | Stock-Financials | 2.22% | +2.22% | NEW | |
| 15 | TKO | Tko Group Holdings INC | Stock-Comm Services | 2.09% | -0.24% | -8.53% | |
| 16 | PWR | Quanta Services INC | Stock-Industrials | 2.06% | +0.38% | -6.99% | |
| 17 | AGX | Argan INC | Stock-Industrials | 1.85% | -0.53% | -55.88% | |
| 18 | HDB | Hdfc Bank Ltd-adr | Stock-Financials | 1.47% | -0.85% | -8.54% | |
| 19 | MSFT | Microsoft CORP | Stock-Tech | 1.41% | -0.58% | -8.59% | |
| 20 | TTWO | Take-two Interactive Softwre | Stock-Comm Services | 1.39% | -0.54% | -8.54% | |
| 21 | NVDA | Nvidia CORP | Stock-Tech | 1.30% | -0.20% | -8.73% | |
| 22 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.28% | -0.33% | -8.44% | |
| 23 | Z | Zillow Group INC - C | Stock-Comm Services | 1.13% | -0.10% | +48.64% | |
| 24 | ARES | Ares Management CORP - A | Stock-Financials | 1.10% | +1.10% | NEW | |
| 25 | CRWD | Crowdstrike Holdings INC - A | Stock-Tech | 1.00% | -0.29% | -8.61% | |
| 26 | CRM | Salesforce INC | Stock-Tech | 0.92% | -0.48% | -8.57% | |
| 27 | WLDN | Willdan Group INC | Stock-Other | 0.63% | -0.26% | -6.03% | |
| 28 | CRDO | Credo Technology Group Holding Ltd | Stock-Tech | 0.50% | -0.33% | -8.35% | |
| 29 | NOW | Servicenow INC | Stock-Tech | 0.50% | -0.29% | -8.60% | |
| 30 | UBER | Uber Technologies INC | Stock-Industrials | 0.25% | -0.02% | — | |
| 31 | PSIX | Power Solutions Internationa | Stock-Other | 0.24% | +0.11% | +71.75% | |
| 32 | FPS | Forgent Power Solutions INC | Stock-Other | 0.17% | +0.17% | NEW |
Portfolio Performance
Performance for Q3 2026
-0.2%
Performance Last 4 Quarters
+34.7%
Based on 77% of reported portfolio value with available pricing
- Stdev
- +19.9%
- Beta
- +1.33
- Alpha
- +7%
- Max Drawdown
- -10%
- Annualized Perf
- +34.1%
- Batting Avg vs S&P
- +66.7%
- Sortino
- +3.68
- Stutzer
- +0.48
- Treynor
- +0.24
- Sterling
- +1.93
- Calmar
- +3.4
- Information Ratio
- +1.25
- Tracking Error
- +10.5%
- Stdev Down
- +8.6%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +68.5%
- Worst 12 Months
- +7.9%
- Efficiency Ratio
- +0.77
- Sharpe
- +1.59
- Stdev Sectors
- +12.3%
- Skewness
- +0.28
- Kurtosis
- -0.27
- Upside Potential
- +5.4
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 34 | $1.7B | 60 | |
| 2025-12-31 | 33 | $1.8B | 50 | |
| 2025-09-30 | 32 | $1.5B | 46 | |
| 2025-06-30 | 34 | $1.8B | 0 | |
| 2025-03-31 | 35 | $1.4B | 100 | |
| 2024-12-31 | 33 | $1.6B | 0 | |
| 2024-09-30 | 32 | $1.8B | 0 | |
| 2024-06-30 | 34 | $1.9B | 0 | |
| 2024-03-31 | 33 | $1.6B | 0 | |
| 2023-12-31 | 26 | $2.0B | 0 | |
| 2023-09-30 | 28 | $1.0B | 0 | |
| 2023-06-30 | 26 | $1.1B | 0 | |
| 2023-03-31 | 25 | $1.3B | 0 | |
| 2022-12-31 | 20 | $651.4M | 0 | |
| 2022-09-30 | 25 | $1.0B | 0 | |
| 2022-06-30 | 29 | $995.7M | 0 | |
| 2022-03-31 | 26 | $872.2M | 0 | |
| 2021-12-31 | 21 | $826.8M | 0 | |
| 2021-09-30 | 24 | $1.0B | 0 | |
| 2021-06-30 | 22 | $1.3B | 100 | |
| 2021-03-31 | 22 | $2.6B | 32 | |
| 2020-12-31 | 22 | $2.3B | 42 | |
| 2020-09-30 | 21 | $1.9B | 71 | |
| 2020-06-30 | 16 | $1.0B | 31 | |
| 2020-03-31 | 22 | $962.9M | 52 | |
| 2019-12-31 | 15 | $857.5M | 91 | |
| 2019-09-30 | 16 | $1.8B | 77 | |
| 2019-06-30 | 15 | $1.2B | 20 | |
| 2019-03-31 | 15 | $1.1B | 16 | |
| 2018-12-31 | 17 | $1.1B | 23 | |
| 2018-09-30 | 16 | $1.1B | 13 | |
| 2018-06-30 | 14 | $1.1B | 84 | |
| 2018-03-31 | 16 | $1.1B | 60 | |
| 2017-12-31 | 14 | $1.3B | 100 | |
| 2017-09-30 | 14 | $1.3B | 0 | |
| 2017-06-30 | 17 | $1.8B | 0 | |
| 2017-03-31 | 16 | $1.8B | 0 | |
| 2016-12-31 | 14 | $1.4B | 21 | |
| 2016-09-30 | 14 | $1.6B | 20 | |
| 2016-06-30 | 17 | $1.5B | 35 | |
| 2016-03-31 | 18 | $1.4B | 61 | |
| 2015-12-31 | 21 | $1.9B | 48 | |
| 2015-09-30 | 20 | $1.5B | 77 | |
| 2015-06-30 | 18 | $1.1B | 60 | |
| 2015-03-31 | 17 | $1.0B | 33 | |
| 2014-12-31 | 16 | $932.6M | 39 | |
| 2014-09-30 | 16 | $845.7M | 50 | |
| 2014-06-30 | 18 | $1.1B | 44 | |
| 2014-03-31 | 12 | $815.4M | 84 | |
| 2013-12-31 | 21 | $1.4B | 27 | |
| 2013-09-30 | 20 | $1.2B | 40 | |
| 2013-06-30 | 15 | $834.4M | 62 |
Holding changes this quarter
Valiant Capital Management, L.P.'s most significant position changes for 2026-03-31: Sold out: Invesco Qqq Trust Series 1 (QQQ); New buy: Apollo Global Management INC (APO); Sold out: Spdr Gold Shares (GLD); New buy: Carlyle Group Inc/the (CG); Sold out: Vistra CORP (VST).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com INC | +7.3% | +402.18% | Add |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +3.8% | +45.93% | Add |
| 3 | IWM | Ishares Russell 2000 ETF | +3.8% | +38.11% | Add |
| 4 | CORZ | Core Scientific INC | +3% | +30.42% | Add |
| 5 | SEI | Solaris Energy Infrastructur | +1.7% | +52.42% | Add |
| 6 | PUMP | Propetro Holding CORP | +1.4% | +10.20% | Add |
| 7 | GEV | GE Vernova INC | +1% | -6.97% | Trim |
| 8 | RH | Rh | +0.6% | +64.84% | Add |
| 9 | GRDN | Guardian Phrmcy Services-a | +0.5% | -3.72% | Trim |
| 10 | PWR | Quanta Services INC | +0.4% | -6.99% | Trim |
| 11 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | -8.68% | Trim |
| 12 | PSIX | Power Solutions Internationa | +0.1% | +71.75% | Add |
| 13 | GDX | Vaneck Gold Miners ETF | 0% | -8.38% | Trim |
| 14 | UBER | Uber Technologies INC | 0% | — | Unchanged |
| 15 | Z | Zillow Group INC - C | -0.1% | +48.64% | Add |
| 16 | NVDA | Nvidia CORP | -0.2% | -8.73% | Trim |
| 17 | TKO | Tko Group Holdings INC | -0.2% | -8.53% | Trim |
| 18 | WLDN | Willdan Group INC | -0.3% | -6.03% | Trim |
| 19 | CRWD | Crowdstrike Holdings INC - A | -0.3% | -8.61% | Trim |
| 20 | NOW | Servicenow INC | -0.3% | -8.60% | Trim |
| 21 | LLY | Eli Lilly & Co | -0.3% | -8.44% | Trim |
| 22 | CRDO | Credo Technology Group Holding Ltd | -0.3% | -8.35% | Trim |
| 23 | AVGO | Broadcom INC | -0.5% | -8.79% | Trim |
| 24 | CRM | Salesforce INC | -0.5% | -8.57% | Trim |
| 25 | AGX | Argan INC | -0.5% | -55.88% | Trim |
| 26 | TTWO | Take-two Interactive Softwre | -0.5% | -8.54% | Trim |
| 27 | MSFT | Microsoft CORP | -0.6% | -8.59% | Trim |
| 28 | HDB | Hdfc Bank Ltd-adr | -0.9% | -8.54% | Trim |
| 29 | QQQ | Invesco Qqq Trust Series 1 | — | EXIT | Sold out |
| 30 | APO | Apollo Global Management INC | — | NEW | New buy |
| 31 | GLD | Spdr Gold Shares | — | EXIT | Sold out |
| 32 | CG | Carlyle Group Inc/the | — | NEW | New buy |
| 33 | VST | Vistra CORP | — | EXIT | Sold out |
| 34 | ARES | Ares Management CORP - A | — | NEW | New buy |
| 35 | NFLX | Netflix INC | — | EXIT | Sold out |
| 36 | FPS | Forgent Power Solutions INC | — | NEW | New buy |
Filing History
| 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 | 2024-02-13 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 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 |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2022-02-28 | Amendment | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-13 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-11 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-09 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-14 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-12 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-06 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-09 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-09 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2018-01-12 | Amendment | View on EDGAR |
| 2017-09-30 | 2017-11-08 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2018-01-12 | Amendment | View on EDGAR |
| 2017-06-30 | 2017-08-10 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2018-01-12 | Amendment | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-13 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-10 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-28 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-11 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-09 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-12 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-11 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-13 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-13 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-14 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-12 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-12 | 13F-HR | View on EDGAR |
FAQ
What is Valiant Capital Management, L.P. and what type of investor is it?
Valiant Capital Management, L.P. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.7B, spread across 34 disclosed positions.
What are Valiant Capital Management, L.P.'s largest equity positions?
Based on the latest 13F filing, Valiant Capital Management, L.P.'s top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $225.2M (12.9%)
2. Ishares Russell 2000 ETF (IWM) — $225.1M (12.9%)
3. Core Scientific INC (CORZ) — $198.4M (11.4%)
4. Amazon.com INC (AMZN) — $162.5M (9.3%)
5. Taiwan Semiconductor-sp Adr (TSM) — $138.3M (8.0%)
What changes did Valiant Capital Management, L.P. make in its most recent portfolio filing?
In the latest reported quarter, Valiant Capital Management, L.P. made 35 notable position adjustments: 4 new positions were initiated, 9 existing holdings were added to, 18 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Invesco Qqq Trust Series 1 (QQQ); New buy: Apollo Global Management INC (APO); Sold out: Spdr Gold Shares (GLD); New buy: Carlyle Group Inc/the (CG); Sold out: Vistra CORP (VST)
What sectors does Valiant Capital Management, L.P. focus on?
Valiant Capital Management, L.P. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 41.9%
• Consumer Discretionary: 18.1%
• Industrials: 13.7%
• Financials: 11.6%
• Communication Services: 7.1%
• Energy: 5.6%
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