Latest ZEVENBERGEN CAPITAL INVESTMENTS LLC Stock Portfolio

ZEVENBERGEN CAPITAL INVESTMENTS LLC Performance:

2025 Q4: -12.65%YTD: 1.51%2024: 33.01%

Performance for 2025 Q4 is -12.65%, and YTD is 1.51%, and 2024 is 33.01%.

About ZEVENBERGEN CAPITAL INVESTMENTS LLC and 13F Hedge Fund Stock Holdings

ZEVENBERGEN CAPITAL INVESTMENTS LLC is a hedge fund based in EDMONDS, WA. On 14-Aug-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $3 Billions. In it's latest 13F Holdings report, ZEVENBERGEN CAPITAL INVESTMENTS LLC reported an equity portfolio of $4.5 Billions as of 31 Dec, 2025.

The top stock holdings of ZEVENBERGEN CAPITAL INVESTMENTS LLC are NVDA, TSLA, . The fund has invested 9.8% of it's portfolio in NVIDIA CORPORATION and 6.9% of portfolio in TESLA, INC.

The fund managers got completely rid off E.L.F. BEAUTY, INC. (ELF), DEXCOM, INC. (DXCM) and HUBSPOT, INC. (HUBS) stocks. They significantly reduced their stock positions in ARM HOLDINGS PLC, EXACT SCIENCES CORPORATION (EXAS) and PLANET LABS PBC (PL). ZEVENBERGEN CAPITAL INVESTMENTS LLC opened new stock positions in KARMAN HOLDINGS INC., INSULET CORPORATION (PODD) and ARCUTIS BIOTHERAPEUTICS, INC. (ARQT). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX, INC. (NFLX), APPLOVIN CORPORATION, CLASS A (APP) and SERVICENOW, INC. (NOW).

ZEVENBERGEN CAPITAL INVESTMENTS LLC Annual Return Estimates Vs S&P 500

Our best estimate is that ZEVENBERGEN CAPITAL INVESTMENTS LLC made a return of -12.65% in the last quarter. In trailing 12 months, it's portfolio return was 1.51%.

Performance
S&P 500

New Buys

Ticker	$ Bought
karman holdings inc.	39,482,500
insulet corporation	32,142,700
caris life sciences, inc.	14,655,100
arcutis biotherapeutics, inc.	12,139,700
servicetitan, inc. class a	4,281,300
reddit, inc. class a	3,689,410
beta bionics inc	406,775
kraken robotics inc	273,078

New stocks bought by ZEVENBERGEN CAPITAL INVESTMENTS LLC

Additions

Ticker	% Inc.
netflix, inc.	654
applovin corporation, class a	425
servicenow, inc.	341
credo technology group holding	121
makemytrip limited	53.48
nxp semiconductors n.v.	43.48
visa inc.	39.83
alphabet inc. class a	27.37

Additions to existing portfolio by ZEVENBERGEN CAPITAL INVESTMENTS LLC

Reductions

Ticker	% Reduced
arm holdings plc	-88.86
exact sciences corporation	-68.67
planet labs pbc	-48.86
the trade desk, inc.	-40.63
spotify technology s.a.	-31.59
ares management corporation	-29.69
bloom energy corporation	-28.04
uber technologies, inc.	-26.03

ZEVENBERGEN CAPITAL INVESTMENTS LLC reduced stake in above stock

Sold off

Ticker	$ Sold
dexcom, inc.	-46,122,800
e.l.f. beauty, inc.	-61,863,900
hubspot, inc.	-18,110,900
cava group inc	-289,968
oddity tech ltd	-233,625
airbnb, inc.	-209,450

ZEVENBERGEN CAPITAL INVESTMENTS LLC got rid off the above stocks

Sector Distribution

ZEVENBERGEN CAPITAL INVESTMENTS LLC has about 44.4% of it's holdings in Technology sector.

Sector	%
Technology	44.4
Consumer Cyclical	16.7
Communication Services	12.6
Others	11.8
Industrials	7.2
Healthcare	5.1
Financial Services	1.1

Market Cap. Distribution

ZEVENBERGEN CAPITAL INVESTMENTS LLC has about 86.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	46.5
LARGE-CAP	39.6
UNALLOCATED	11.8
MID-CAP	1.7

Stocks belong to which Index?

About 65.7% of the stocks held by ZEVENBERGEN CAPITAL INVESTMENTS LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	63.6
Others	34.3
RUSSELL 2000	2.1

Top 5 Winners (%)		%
MU	micron technology, inc.	67.4 %
EXAS	exact sciences corporation	56.2 %
	rocket lab corporation	44.2 %
PL	planet labs pbc	39.2 %
NTRA	natera, inc.	38.5 %

Top 5 Winners ($)		$
GOOG	alphabet inc. class c	43.3 M
MU	micron technology, inc.	33.1 M
AMD	advanced micro devices, inc.	29.9 M
EXAS	exact sciences corporation	29.7 M
NTRA	natera, inc.	24.5 M

Top 5 Losers (%)		%
NFLX	netflix, inc.	-87.0 %
NOW	servicenow, inc.	-75.4 %
ORCL	oracle corporation	-30.7 %
YNDX	nebius group n.v.	-23.1 %
VEEV	veeva systems inc.	-22.0 %

Top 5 Losers ($)		$
NFLX	netflix, inc.	-483.9 M
NOW	servicenow, inc.	-287.3 M
AXON	axon enterprise, inc.	-53.0 M
MELI	mercadolibre, inc.	-31.9 M
META	meta platforms, inc.	-26.7 M

ZEVENBERGEN CAPITAL INVESTMENTS LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of ZEVENBERGEN CAPITAL INVESTMENTS LLC

ZEVENBERGEN CAPITAL INVESTMENTS LLC has 105 stocks in it's portfolio. About 50.9% of the portfolio is in top 10 stocks. NFLX proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for ZEVENBERGEN CAPITAL INVESTMENTS LLC last quarter.

Last Reported on: 15 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc.	3.04	501,917	136,451,000	added	5.43

AAXJ	ishares msci kld 400 social	0.02	6,075	782,642	unchanged	0.00

ABBV	abbvie inc.	0.01	1,923	439,386	unchanged	0.00

ABNB	airbnb, inc.	0.00	0.00	0.00	sold off	-100

ABT	abbott laboratories	0.06	21,364	2,676,700	added	1.14

AMAT	applied materials, inc.	0.40	70,000	17,989,300	unchanged	0.00

AMD	advanced micro devices, inc.	2.62	550,483	117,891,000	reduced	-6.7

AMGN	amgen inc.	0.07	9,959	3,259,680	added	0.5

AMZN	amazon.com, inc.	4.34	845,418	195,139,000	reduced	-16.08

ANET	arista networks inc	0.72	245,400	32,154,800	unchanged	0.00

APH	amphenol corporation	0.54	177,935	24,046,100	added	0.28

APP	applovin corporation, class a	1.17	78,160	52,665,800	added	425

APPF	appfolio, inc.	0.12	23,800	5,537,070	unchanged	0.00

ARES	ares management corporation	0.40	112,431	18,172,200	reduced	-29.69

ARQT	arcutis biotherapeutics, inc.	0.27	418,035	12,139,700	new

AVGO	broadcom inc.	2.41	312,560	108,177,000	added	0.08

AXON	axon enterprise, inc.	4.28	338,666	192,339,000	reduced	-8.31

AXP	american express company	0.01	1,700	628,915	unchanged	0.00

BE	bloom energy corporation	0.15	75,375	6,549,330	reduced	-28.04

BKNG	booking holdings inc.	0.29	2,405	12,879,600	reduced	-19.3