Alkeon Capital Management
New York, NYfiles as ALKEON CAPITAL MANAGEMENT LLC
$25.9bn in 79 US stocks at the end of 30 June 2026. The top 10 are 47.3% of the money. It changed about 17.8% of the portfolio this quarter.
Value
$25.9bn
Stocks
79
Top 10 share
47.3%
Turnover
17.8%
What changed this quarter
New
Bought for the first time this quarter.
- Applied MaterialsAMAT4.2% of the fund
- NokiaNOK1.8% of the fund
- MKSMKSI1.8% of the fund
- Silicon Motion TechnologySIMO1.4% of the fund
- nVent ElectricNVT0.8% of the fund
- Spotify TechnologySPOT0.4% of the fund
- Microchip TechnologyMCHP<0.1% of the fund
- X-EnergyXE<0.1% of the fund
- Advanced Micro DevicesAMD<0.1% of the fund
- IntelINTC<0.1% of the fund
Added
Bought more of a stock they already held.
- Invesco QQQ TRQQQ4.6% of the fund+21%
- AmphenolAPH3.9% of the fund+24%
- TwilioTWLO1.9% of the fund+27%
- BWX TechnologiesBWXT1.5% of the fund+16%
- EquinixEQIX1.3% of the fund+43%
- Uber TechnologiesUBER1.2% of the fund+12%
- Ishares TRSOXX0.9% of the fund+19%
- Burlington StoresBURL0.7% of the fund+7%
- Alibaba Group HldgBABA0.4% of the fund+140%
- NvidiaNVDA0.3% of the fund+2%
- Full Truck AllianceYMM0.3% of the fund+6%
- IrenIREN<0.1% of the fund+10%
Cut
Sold some of their stake.
- Taiwan Semiconductor ManufacturingTSM6.5% of the fund-35%
- Lam ResearchLRCX5.1% of the fund-22%
- AlphabetGOOGL5.1% of the fund-27%
- KLAKLAC4.4% of the fund-35%
- Meta PlatformsMETA4.2% of the fund-9%
- TeradyneTER4.0% of the fund-22%
- SynopsysSNPS2.2% of the fund-19%
- Vertiv HoldingsVRT1.8% of the fund-43%
- Expedia GroupEXPE1.8% of the fund-26%
- Martin Marietta MaterialsMLM1.4% of the fund-16%
- Constellation EnergyCEG1.2% of the fund-7%
- MicrosoftMSFT1.2% of the fund-29%
- VistraVST1.2% of the fund-24%
- MercadoLibreMELI0.7% of the fund-39%
- DoorDashDASH0.7% of the fund-21%
- RTXRTX0.7% of the fund-29%
- General ElectricGE0.5% of the fund-54%
- NavanNAVN0.2% of the fund-19%
- Oric PharmaceuticalsORIC0.2% of the fund-17%
- Ishares TRTLT0.2% of the fund-9%
- Hinge HealthHNGE0.1% of the fund-33%
- StandardAeroSARO<0.1% of the fund-29%
- Alto NeuroscienceANRO<0.1% of the fund-55%
- ASML Holding NVASML<0.1% of the fund-100%
Sold out
Sold their entire stake.
Holdings
- Invesco QQQ TRQQQ
- Share
- 4.6%
- Value
- $1.2bn
- Shares
- 1,608,257
+21%
- NokiaNOK
- Share
- 1.8%
- Value
- $478m
- Shares
- 36,000,000
New
- Silicon Motion TechnologySIMO
- Share
- 1.4%
- Value
- $367m
- Shares
- 1,100,000
New
- Ishares TRSOXX
- Share
- 0.9%
- Value
- $238m
- Shares
- 371,200
+19%
- Alibaba Group HldgBABA
- Share
- 0.4%
- Value
- $115m
- Shares
- 1,200,000
+140%
- Full Truck AllianceYMM
- Share
- 0.3%
- Value
- $76m
- Shares
- 9,398,535
+6%
- State STR Spdr DOW Jones INDDIA
- Share
- 0.2%
- Value
- $63m
- Shares
- 119,700
Held
- Ishares TRTLT
- Share
- 0.2%
- Value
- $40m
- Shares
- 463,000
-9%
- X-EnergyXE
- Share
- <0.1%
- Value
- $18m
- Shares
- 1,000,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Taiwan Semiconductor ManufacturingTSM | 6.5% | $1.7bn | 3,536,218 | -35% |
| Amazon.comAMZN | 5.3% | $1.4bn | 5,808,299 | Held |
| Lam ResearchLRCX | 5.1% | $1.3bn | 3,050,456 | -22% |
| AlphabetGOOGL | 5.1% | $1.3bn | 3,686,368 | -27% |
| Invesco QQQ TRQQQ | 4.6% | $1.2bn | 1,608,257 | +21% |
| KLAKLAC | 4.4% | $1.1bn | 3,759,150 | -35% |
| Meta PlatformsMETA | 4.2% | $1.1bn | 1,945,399 | -9% |
| Applied MaterialsAMAT | 4.2% | $1.1bn | 1,504,800 | New |
| TeradyneTER | 4.0% | $1.0bn | 2,163,010 | -22% |
| AmphenolAPH | 3.9% | $1.0bn | 5,731,348 | +24% |
| Analog DevicesADI | 3.2% | $822m | 2,069,083 | Held |
| Cadence Design SystemsCDNS | 2.3% | $609m | 1,622,874 | Held |
| SynopsysSNPS | 2.2% | $567m | 1,270,948 | -19% |
| VisaV | 1.9% | $504m | 1,468,618 | Held |
| TwilioTWLO | 1.9% | $482m | 2,335,700 | +27% |
| NokiaNOK | 1.8% | $478m | 36,000,000 | New |
| MKSMKSI | 1.8% | $477m | 1,072,040 | New |
| Vertiv HoldingsVRT | 1.8% | $476m | 1,421,980 | -43% |
| Expedia GroupEXPE | 1.8% | $467m | 1,825,276 | -26% |
| Vulcan MaterialsVMC | 1.7% | $436m | 1,478,646 | Held |
| TJX CompaniesTJX | 1.6% | $424m | 2,799,971 | Held |
| MastercardMA | 1.5% | $400m | 778,465 | Held |
| BWX TechnologiesBWXT | 1.5% | $394m | 2,022,748 | +16% |
| EntergyETR | 1.5% | $384m | 3,341,012 | Held |
| Silicon Motion TechnologySIMO | 1.4% | $367m | 1,100,000 | New |
| Martin Marietta MaterialsMLM | 1.4% | $362m | 627,351 | -16% |
| EquinixEQIX | 1.3% | $348m | 333,775 | +43% |
| Constellation EnergyCEG | 1.2% | $319m | 1,284,739 | -7% |
| MicrosoftMSFT | 1.2% | $318m | 851,176 | -29% |
| Uber TechnologiesUBER | 1.2% | $313m | 4,336,005 | +12% |
| VistraVST | 1.2% | $309m | 1,946,357 | -24% |
| Quanta ServicesPWR | 1.1% | $289m | 400,983 | Held |
| Carlyle GroupCG | 1.0% | $250m | 5,941,316 | Held |
| Ishares TRSOXX | 0.9% | $238m | 371,200 | +19% |
| Intercontinental ExchangeICE | 0.9% | $222m | 1,800,310 | Held |
| CRH PublicCRH | 0.8% | $219m | 2,046,550 | Held |
| nVent ElectricNVT | 0.8% | $206m | 1,217,317 | New |
| TransDigm GroupTDG | 0.8% | $199m | 149,078 | Held |
| MercadoLibreMELI | 0.7% | $186m | 109,499 | -39% |
| Burlington StoresBURL | 0.7% | $185m | 585,000 | +7% |
| Canadian Pacific Kansas CityCP | 0.7% | $174m | 2,004,000 | Held |
| DoorDashDASH | 0.7% | $172m | 933,210 | -21% |
| RTXRTX | 0.7% | $169m | 890,000 | -29% |
| NisourceNI | 0.6% | $160m | 3,365,500 | Held |
| General ElectricGE | 0.5% | $120m | 320,000 | -54% |
| Alibaba Group HldgBABA | 0.4% | $115m | 1,200,000 | +140% |
| SS&C Technologies HoldingsSSNC | 0.4% | $110m | 1,764,916 | Held |
| Sherwin-WilliamsSHW | 0.4% | $106m | 306,735 | Held |
| Ross StoresROST | 0.4% | $101m | 472,635 | Held |
| Astera LabsALAB | 0.4% | $97m | 200,000 | Held |
| Spotify TechnologySPOT | 0.4% | $94m | 204,000 | New |
| NvidiaNVDA | 0.3% | $88m | 439,459 | +2% |
| New Oriental Education & Technology GroupEDU | 0.3% | $79m | 1,727,986 | Held |
| S&P GlobalSPGI | 0.3% | $78m | 190,416 | Held |
| Full Truck AllianceYMM | 0.3% | $76m | 9,398,535 | +6% |
| YUM BrandsYUM | 0.3% | $74m | 465,603 | Held |
| CintasCTAS | 0.3% | $68m | 401,539 | Held |
| State STR Spdr DOW Jones INDDIA | 0.2% | $63m | 119,700 | Held |
| NavanNAVN | 0.2% | $50m | 2,185,278 | -19% |
| Lowe's CompaniesLOW | 0.2% | $47m | 213,594 | Held |
| Madrigal PharmaceuticalsMDGL | 0.2% | $43m | 80,000 | Held |
| Oric PharmaceuticalsORIC | 0.2% | $40m | 3,739,096 | -17% |
| Ishares TRTLT | 0.2% | $40m | 463,000 | -9% |
| Hinge HealthHNGE | 0.1% | $39m | 466,104 | -33% |
| ToastTOST | 0.1% | $34m | 1,238,096 | Held |
| UiPathPATH | 0.1% | $28m | 2,611,276 | Held |
| StandardAeroSARO | <0.1% | $25m | 852,019 | -29% |
| IrenIREN | <0.1% | $25m | 550,000 | +10% |
| Microchip TechnologyMCHP | <0.1% | $19m | 206,000 | New |
| X-EnergyXE | <0.1% | $18m | 1,000,000 | New |
| Chipotle Mexican GrillCMG | <0.1% | $17m | 500,289 | Held |
| AppleAAPL | <0.1% | $16m | 56,627 | Held |
| dLocalDLO | <0.1% | $11m | 823,837 | Held |
| Alto NeuroscienceANRO | <0.1% | $3m | 102,101 | -55% |
| Advanced Micro DevicesAMD | <0.1% | $3m | 4,510 | New |
| Paylocity HoldingPCTY | <0.1% | $3m | 24,683 | Held |
| IntelINTC | <0.1% | $3m | 18,320 | New |
| ASML Holding NVASML | <0.1% | $2m | 825 | -100% |
| JFrogFROG | <0.1% | $1m | 14,425 | Held |
Options (30)
- Invesco QQQ TRQQQ
- Type
- Put
- Value
- $16.8bn
- Contracts
- 22,880,000
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $15.7bn
- Contracts
- 21,000,000
- NvidiaNVDA
- Type
- Call
- Value
- $1.6bn
- Contracts
- 8,025,000
- Advanced Micro DevicesAMD
- Type
- Call
- Value
- $1.2bn
- Contracts
- 2,000,000
- Microchip TechnologyMCHP
- Type
- Call
- Value
- $1.1bn
- Contracts
- 11,892,000
- BroadcomAVGO
- Type
- Call
- Value
- $982m
- Contracts
- 2,600,000
- IntelINTC
- Type
- Call
- Value
- $977m
- Contracts
- 7,000,000
- Lam ResearchLRCX
- Type
- Put
- Value
- $975m
- Contracts
- 2,250,000
- AppleAAPL
- Type
- Call
- Value
- $868m
- Contracts
- 2,999,100
- ARM HoldingsARM
- Type
- Call
- Value
- $784m
- Contracts
- 2,211,900
- MicrosoftMSFT
- Type
- Call
- Value
- $727m
- Contracts
- 1,950,000
- Taiwan Semiconductor ManufacturingTSM
- Type
- Call
- Value
- $716m
- Contracts
- 1,500,000
- KLAKLAC
- Type
- Put
- Value
- $603m
- Contracts
- 2,000,000
- Palantir TechnologiesPLTR
- Type
- Call
- Value
- $583m
- Contracts
- 5,000,000
- TeslaTSLA
- Type
- Call
- Value
- $568m
- Contracts
- 1,350,000
- Booking HoldingsBKNG
- Type
- Call
- Value
- $553m
- Contracts
- 3,100,000
- ShopifySHOP
- Type
- Call
- Value
- $514m
- Contracts
- 4,500,000
- Invesco QQQ TRQQQ
- Type
- Call
- Value
- $442m
- Contracts
- 600,000
- Hilton Worldwide HoldingsHLT
- Type
- Call
- Value
- $392m
- Contracts
- 1,185,000
- DoorDashDASH
- Type
- Call
- Value
- $382m
- Contracts
- 2,070,000
- Marriott InternationalMAR
- Type
- Call
- Value
- $365m
- Contracts
- 985,000
- MicrosoftMSFT
- Type
- Put
- Value
- $317m
- Contracts
- 850,000
- CorningGLW
- Type
- Call
- Value
- $261m
- Contracts
- 1,020,000
- Amazon.comAMZN
- Type
- Call
- Value
- $238m
- Contracts
- 1,000,000
- Wynn ResortsWYNN
- Type
- Call
- Value
- $160m
- Contracts
- 1,650,000
- Spdr Gold TRGLD
- Type
- Call
- Value
- $111m
- Contracts
- 300,000
- Taiwan Semiconductor ManufacturingTSM
- Type
- Put
- Value
- $72m
- Contracts
- 150,000
- LAS Vegas SandsLVS
- Type
- Call
- Value
- $70m
- Contracts
- 1,520,000
- Grayscale Bitcoin Trust ETFGBTC
- Type
- Call
- Value
- $55m
- Contracts
- 1,200,000
- NvidiaNVDA
- Type
- Put
- Value
- $42m
- Contracts
- 210,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Invesco QQQ TRQQQ | Put | $16.8bn | 22,880,000 |
| State STR Spdr S&P 500 ETF TSPY | Put | $15.7bn | 21,000,000 |
| NvidiaNVDA | Call | $1.6bn | 8,025,000 |
| Advanced Micro DevicesAMD | Call | $1.2bn | 2,000,000 |
| Microchip TechnologyMCHP | Call | $1.1bn | 11,892,000 |
| BroadcomAVGO | Call | $982m | 2,600,000 |
| IntelINTC | Call | $977m | 7,000,000 |
| Lam ResearchLRCX | Put | $975m | 2,250,000 |
| AppleAAPL | Call | $868m | 2,999,100 |
| ARM HoldingsARM | Call | $784m | 2,211,900 |
| MicrosoftMSFT | Call | $727m | 1,950,000 |
| Taiwan Semiconductor ManufacturingTSM | Call | $716m | 1,500,000 |
| KLAKLAC | Put | $603m | 2,000,000 |
| Palantir TechnologiesPLTR | Call | $583m | 5,000,000 |
| TeslaTSLA | Call | $568m | 1,350,000 |
| Booking HoldingsBKNG | Call | $553m | 3,100,000 |
| ShopifySHOP | Call | $514m | 4,500,000 |
| Invesco QQQ TRQQQ | Call | $442m | 600,000 |
| Hilton Worldwide HoldingsHLT | Call | $392m | 1,185,000 |
| DoorDashDASH | Call | $382m | 2,070,000 |
| Marriott InternationalMAR | Call | $365m | 985,000 |
| MicrosoftMSFT | Put | $317m | 850,000 |
| CorningGLW | Call | $261m | 1,020,000 |
| Amazon.comAMZN | Call | $238m | 1,000,000 |
| Wynn ResortsWYNN | Call | $160m | 1,650,000 |
| Spdr Gold TRGLD | Call | $111m | 300,000 |
| Taiwan Semiconductor ManufacturingTSM | Put | $72m | 150,000 |
| LAS Vegas SandsLVS | Call | $70m | 1,520,000 |
| Grayscale Bitcoin Trust ETFGBTC | Call | $55m | 1,200,000 |
| NvidiaNVDA | Put | $42m | 210,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 25.9% since 30 June 2025.
Where the money is
Technology43.2%
Retail & consumer11.4%
Media & telecom9.7%
Industrials9.5%
Financial services5.8%
Utilities4.5%
Materials4.3%
Real estate1.3%
Health care0.3%
Other9.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.