ICONIQ Capital

SAN FRANCISCO, CAfiles as ICONIQ Capital, LLC

$3.5bn in 76 US stocks at the end of 30 June 2026. The top 10 are 89.0% of the money. It changed about 28.1% of the portfolio this quarter.

Value

$3.5bn

Stocks

Top 10 share

89.0%

Turnover

28.1%

What changed this quarter

New

Bought for the first time this quarter.

Parabilis MedicinesPBLS
0.3% of the fund
Thomson Reuters Corp /canTRI
<0.1% of the fund
ASML Holding NVASML
<0.1% of the fund
OracleORCL
<0.1% of the fund
Fidelity National Information ServicesFIS
<0.1% of the fund
International Business MachinesIBM
<0.1% of the fund
WealthfrontWLTH
<0.1% of the fund

Added

Bought more of a stock they already held.

Ishares TRACWI
6.1% of the fund
+3%
Robinhood MarketsHOOD
4.7% of the fund
+11%
AlphabetGOOG
2.0% of the fund
+3688%

Cut

Sold some of their stake.

ShopifySHOP
0.8% of the fund
-90%
NvidiaNVDA
0.8% of the fund
-87%
Ishares TRIVV
0.6% of the fund
-2%
AlphabetGOOGL
0.4% of the fund
-95%
Spdr Gold TRGLD
0.4% of the fund
-4%
Amazon.comAMZN
0.4% of the fund
-79%
ServiceNowNOW
0.3% of the fund
-81%
Ishares TRACWX
0.3% of the fund
-4%
Vanguard Index FDSVOO
0.3% of the fund
-2%
Ishares TRIWB
0.1% of the fund
-5%
BroadcomAVGO
<0.1% of the fund
-98%
Vanguard Specialized FundsVIG
<0.1% of the fund
-60%
SnowflakeSNOW
<0.1% of the fund
-13%
Ishares Gold TRIAU
<0.1% of the fund
-4%
MicrosoftMSFT
<0.1% of the fund
-98%
IsharesIEMG
<0.1% of the fund
-10%
DatadogDDOG
<0.1% of the fund
-3%
Alibaba Group HldgBABA
<0.1% of the fund
-14%
Ishares TRDVY
<0.1% of the fund
-51%
AppleAAPL
<0.1% of the fund
-54%
Meta PlatformsMETA
<0.1% of the fund
-28%
Goldman Sachs GroupGS
<0.1% of the fund
-15%
FigmaFIG
<0.1% of the fund
-100%
IntuitINTU
<0.1% of the fund
-6%
Vanguard Index FDSVUG
<0.1% of the fund
-43%

Sold out

Sold their entire stake.

Chime FinancialCHYM
-100%
Advanced Micro DevicesAMD
-100%
Ishares TRIUSV
-100%
Vanguard Tax-Managed FDSVEA
-100%
Vanguard Whitehall FDSVYM
-100%
Vanguard Index FDSVTV
-100%
Vanguard Index FDSVOT
-100%
Spdr Series TrustSDY
-100%
Vanguard Index FDSVOE
-100%
Vanguard Index FDSVBK
-100%
Vanguard Index FDSVBR
-100%
JPMorgan ChaseJPM
-100%
Jd.comJD
-100%

Holdings

ServiceTitanTTAN
Share
23.3%
Value
$808m
Shares
11,433,363
Held
NetskopeNTSK
Share
20.9%
Value
$725m
Shares
66,267,513
Held
Procore TechnologiesPCOR
Share
17.1%
Value
$594m
Shares
14,622,019
Held
Blue Owl CapitalOWL
Share
8.7%
Value
$301m
Shares
34,353,844
Held
Ishares TRACWI
Share
6.1%
Value
$213m
Shares
1,356,798
+3%
Robinhood MarketsHOOD
Share
4.7%
Value
$163m
Shares
1,622,397
+11%
Taiwan Semiconductor ManufacturingTSM
Share
2.7%
Value
$95m
Shares
198,846
Held
AlphabetGOOG
Share
2.0%
Value
$70m
Shares
197,286
+3688%
CrowdStrike HoldingsCRWD
Share
1.8%
Value
$63m
Shares
82,904
Held
BlacklineBL
Share
1.7%
Value
$59m
Shares
2,087,081
Held
Kodiak SciencesKOD
Share
1.4%
Value
$49m
Shares
1,266,563
Held
AppLovinAPP
Share
1.1%
Value
$37m
Shares
71,370
Held
ShopifySHOP
Share
0.8%
Value
$29m
Shares
252,702
-90%
NvidiaNVDA
Share
0.8%
Value
$28m
Shares
141,887
-87%
Ishares TRIVV
Share
0.6%
Value
$20m
Shares
26,299
-2%
AlphabetGOOGL
Share
0.4%
Value
$14m
Shares
39,585
-95%
Spdr Gold TRGLD
Share
0.4%
Value
$13m
Shares
35,313
-4%
Amazon.comAMZN
Share
0.4%
Value
$12m
Shares
51,917
-79%
ServiceNowNOW
Share
0.3%
Value
$11m
Shares
115,717
-81%
MercadoLibreMELI
Share
0.3%
Value
$11m
Shares
6,446
Held
Ishares TRIEFA
Share
0.3%
Value
$11m
Shares
111,634
Held
Ishares TRACWX
Share
0.3%
Value
$11m
Shares
139,999
-4%
Vanguard Index FDSVOO
Share
0.3%
Value
$10m
Shares
15,279
-2%
Parabilis MedicinesPBLS
Share
0.3%
Value
$10m
Shares
350,000
New
Coinbase GlobalCOIN
Share
0.3%
Value
$9m
Shares
62,714
Held
Nu HoldingsNU
Share
0.2%
Value
$7m
Shares
533,344
Held
Vanguard Intl Equity Index FVT
Share
0.2%
Value
$7m
Shares
44,050
Held
Elevation Series TrustSOVF
Share
0.2%
Value
$6m
Shares
214,249
Held
CCC Intelligent Solutions HoldingsCCC
Share
0.2%
Value
$6m
Shares
1,160,847
Held
IsharesURTH
Share
0.2%
Value
$6m
Shares
29,109
Held
CloudflareNET
Share
0.2%
Value
$6m
Shares
23,136
Held
Invesco QQQ TRQQQ
Share
0.2%
Value
$6m
Shares
7,499
Held
State STR Spdr S&P 500 ETF TSPY
Share
0.2%
Value
$5m
Shares
7,122
Held
Ishares TRIWB
Share
0.1%
Value
$5m
Shares
12,499
-5%
Grayscale Bitcoin Trust ETFGBTC
Share
0.1%
Value
$5m
Shares
101,575
Held
Uber TechnologiesUBER
Share
0.1%
Value
$4m
Shares
60,302
Held
Neumora TherapeuticsNMRA
Share
0.1%
Value
$4m
Shares
2,559,090
Held
Ishares TRIWF
Share
0.1%
Value
$4m
Shares
30,332
Held
BroadcomAVGO
Share
<0.1%
Value
$3m
Shares
8,898
-98%
Vanguard Index FDSVTI
Share
<0.1%
Value
$3m
Shares
8,741
Held
Ishares TRIWD
Share
<0.1%
Value
$3m
Shares
10,489
Held
ETF SER SolutionsAKAF
Share
<0.1%
Value
$2m
Shares
75,400
Held
DoorDashDASH
Share
<0.1%
Value
$2m
Shares
11,503
Held
Relay TherapeuticsRLAY
Share
<0.1%
Value
$2m
Shares
94,697
Held
Ishares TRHDV
Share
<0.1%
Value
$2m
Shares
57,825
Held
Vanguard Specialized FundsVIG
Share
<0.1%
Value
$2m
Shares
6,644
-60%
SnowflakeSNOW
Share
<0.1%
Value
$1m
Shares
5,862
-13%
Thomson Reuters Corp /canTRI
Share
<0.1%
Value
$1m
Shares
12,643
New
Ishares Gold TRIAU
Share
<0.1%
Value
$924,771
Shares
12,247
-4%
MicrosoftMSFT
Share
<0.1%
Value
$914,645
Shares
2,452
-98%
IsharesIEMG
Share
<0.1%
Value
$787,808
Shares
9,510
-10%
ASML Holding NVASML
Share
<0.1%
Value
$761,956
Shares
383
New
First TR Exchange-Traded FDSKYY
Share
<0.1%
Value
$704,422
Shares
5,235
Held
Ishares TROEF
Share
<0.1%
Value
$694,055
Shares
1,897
Held
DatadogDDOG
Share
<0.1%
Value
$676,676
Shares
2,599
-3%
Alibaba Group HldgBABA
Share
<0.1%
Value
$662,550
Shares
6,903
-14%
Vanguard World FDMGK
Share
<0.1%
Value
$641,303
Shares
7,295
Held
First TR Exchange-Traded FDFDN
Share
<0.1%
Value
$616,533
Shares
2,329
Held
OracleORCL
Share
<0.1%
Value
$593,528
Shares
4,050
New
Fidelity National Information ServicesFIS
Share
<0.1%
Value
$562,555
Shares
14,469
New
Vanguard Index FDSVNQ
Share
<0.1%
Value
$508,572
Shares
5,274
Held
Ishares TRDVY
Share
<0.1%
Value
$474,996
Shares
3,039
-51%
International Business MachinesIBM
Share
<0.1%
Value
$471,308
Shares
1,676
New
Take TWO Interactive SoftwareTTWO
Share
<0.1%
Value
$444,714
Shares
1,779
Held
AppleAAPL
Share
<0.1%
Value
$425,359
Shares
1,470
-54%
Grayscale Bitcoin Mini TR ETBTC
Share
<0.1%
Value
$404,457
Shares
15,586
Held
Ishares TRIJR
Share
<0.1%
Value
$382,047
Shares
2,576
Held
Meta PlatformsMETA
Share
<0.1%
Value
$340,790
Shares
605
-28%
Goldman Sachs GroupGS
Share
<0.1%
Value
$324,650
Shares
321
-15%
Select Sector Spdr TRXLE
Share
<0.1%
Value
$321,369
Shares
6,051
Held
Ishares TRIWR
Share
<0.1%
Value
$286,280
Shares
2,595
Held
FigmaFIG
Share
<0.1%
Value
$274,082
Shares
15,151
-100%
Ishares TRIWV
Share
<0.1%
Value
$257,119
Shares
603
Held
IntuitINTU
Share
<0.1%
Value
$211,149
Shares
809
-6%
Vanguard Index FDSVUG
Share
<0.1%
Value
$200,362
Shares
2,326
-43%
WealthfrontWLTH
Share
<0.1%
Value
$111,473
Shares
12,469
New

Company	Share of fund	Value	Shares	Change
ServiceTitanTTAN	23.3%	$808m	11,433,363	Held
NetskopeNTSK	20.9%	$725m	66,267,513	Held
Procore TechnologiesPCOR	17.1%	$594m	14,622,019	Held
Blue Owl CapitalOWL	8.7%	$301m	34,353,844	Held
Ishares TRACWI	6.1%	$213m	1,356,798	+3%
Robinhood MarketsHOOD	4.7%	$163m	1,622,397	+11%
Taiwan Semiconductor ManufacturingTSM	2.7%	$95m	198,846	Held
AlphabetGOOG	2.0%	$70m	197,286	+3688%
CrowdStrike HoldingsCRWD	1.8%	$63m	82,904	Held
BlacklineBL	1.7%	$59m	2,087,081	Held
Kodiak SciencesKOD	1.4%	$49m	1,266,563	Held
AppLovinAPP	1.1%	$37m	71,370	Held
ShopifySHOP	0.8%	$29m	252,702	-90%
NvidiaNVDA	0.8%	$28m	141,887	-87%
Ishares TRIVV	0.6%	$20m	26,299	-2%
AlphabetGOOGL	0.4%	$14m	39,585	-95%
Spdr Gold TRGLD	0.4%	$13m	35,313	-4%
Amazon.comAMZN	0.4%	$12m	51,917	-79%
ServiceNowNOW	0.3%	$11m	115,717	-81%
MercadoLibreMELI	0.3%	$11m	6,446	Held
Ishares TRIEFA	0.3%	$11m	111,634	Held
Ishares TRACWX	0.3%	$11m	139,999	-4%
Vanguard Index FDSVOO	0.3%	$10m	15,279	-2%
Parabilis MedicinesPBLS	0.3%	$10m	350,000	New
Coinbase GlobalCOIN	0.3%	$9m	62,714	Held
Nu HoldingsNU	0.2%	$7m	533,344	Held
Vanguard Intl Equity Index FVT	0.2%	$7m	44,050	Held
Elevation Series TrustSOVF	0.2%	$6m	214,249	Held
CCC Intelligent Solutions HoldingsCCC	0.2%	$6m	1,160,847	Held
IsharesURTH	0.2%	$6m	29,109	Held
CloudflareNET	0.2%	$6m	23,136	Held
Invesco QQQ TRQQQ	0.2%	$6m	7,499	Held
State STR Spdr S&P 500 ETF TSPY	0.2%	$5m	7,122	Held
Ishares TRIWB	0.1%	$5m	12,499	-5%
Grayscale Bitcoin Trust ETFGBTC	0.1%	$5m	101,575	Held
Uber TechnologiesUBER	0.1%	$4m	60,302	Held
Neumora TherapeuticsNMRA	0.1%	$4m	2,559,090	Held
Ishares TRIWF	0.1%	$4m	30,332	Held
BroadcomAVGO	<0.1%	$3m	8,898	-98%
Vanguard Index FDSVTI	<0.1%	$3m	8,741	Held
Ishares TRIWD	<0.1%	$3m	10,489	Held
ETF SER SolutionsAKAF	<0.1%	$2m	75,400	Held
DoorDashDASH	<0.1%	$2m	11,503	Held
Relay TherapeuticsRLAY	<0.1%	$2m	94,697	Held
Ishares TRHDV	<0.1%	$2m	57,825	Held
Vanguard Specialized FundsVIG	<0.1%	$2m	6,644	-60%
SnowflakeSNOW	<0.1%	$1m	5,862	-13%
Thomson Reuters Corp /canTRI	<0.1%	$1m	12,643	New
Ishares Gold TRIAU	<0.1%	$924,771	12,247	-4%
MicrosoftMSFT	<0.1%	$914,645	2,452	-98%
IsharesIEMG	<0.1%	$787,808	9,510	-10%
ASML Holding NVASML	<0.1%	$761,956	383	New
First TR Exchange-Traded FDSKYY	<0.1%	$704,422	5,235	Held
Ishares TROEF	<0.1%	$694,055	1,897	Held
DatadogDDOG	<0.1%	$676,676	2,599	-3%
Alibaba Group HldgBABA	<0.1%	$662,550	6,903	-14%
Vanguard World FDMGK	<0.1%	$641,303	7,295	Held
First TR Exchange-Traded FDFDN	<0.1%	$616,533	2,329	Held
OracleORCL	<0.1%	$593,528	4,050	New
Fidelity National Information ServicesFIS	<0.1%	$562,555	14,469	New
Vanguard Index FDSVNQ	<0.1%	$508,572	5,274	Held
Ishares TRDVY	<0.1%	$474,996	3,039	-51%
International Business MachinesIBM	<0.1%	$471,308	1,676	New
Take TWO Interactive SoftwareTTWO	<0.1%	$444,714	1,779	Held
AppleAAPL	<0.1%	$425,359	1,470	-54%
Grayscale Bitcoin Mini TR ETBTC	<0.1%	$404,457	15,586	Held
Ishares TRIJR	<0.1%	$382,047	2,576	Held
Meta PlatformsMETA	<0.1%	$340,790	605	-28%
Goldman Sachs GroupGS	<0.1%	$324,650	321	-15%
Select Sector Spdr TRXLE	<0.1%	$321,369	6,051	Held
Ishares TRIWR	<0.1%	$286,280	2,595	Held
FigmaFIG	<0.1%	$274,082	15,151	-100%
Ishares TRIWV	<0.1%	$257,119	603	Held
IntuitINTU	<0.1%	$211,149	809	-6%
Vanguard Index FDSVUG	<0.1%	$200,362	2,326	-43%
WealthfrontWLTH	<0.1%	$111,473	12,469	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is down 41.4% since 30 June 2025.

Where the money is

Technology70.4%

Financial services13.8%

Media & telecom3.5%

Health care1.9%

Retail & consumer0.4%

Industrials0.1%

Other9.8%

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.