Nicholas Investment Partners, LP
RANCHO SANTA FE, CA
$1.6bn in 175 US stocks at the end of 30 June 2026. The top 10 are 20.5% of the money. It changed about 29.8% of the portfolio this quarter.
Value
$1.6bn
Stocks
175
Top 10 share
20.5%
Turnover
29.8%
What changed this quarter
New
Bought for the first time this quarter.
- Kontoor BrandsKTB1.4% of the fund
- Rhythm PharmaceuticalsRYTM1.0% of the fund
- Life Time Group HoldingsLTH0.9% of the fund
- AstronicsATRO0.8% of the fund
- YETI HoldingsYETI0.7% of the fund
- Ascendis Pharma A/SASND0.7% of the fund
- Everus Construction GroupECG0.6% of the fund
- Cava GroupCAVA0.6% of the fund
- CohuCOHU0.5% of the fund
- Micron TechnologyMU0.5% of the fund
- VaxcytePCVX0.5% of the fund
- Ryman Hospitality PropertiesRHP0.5% of the fund
- Victoria's SecretVSXY0.5% of the fund
- MoogMOG-A0.5% of the fund
- MaxlinearMXL0.5% of the fund
- Cardinal Infrastructure GroupCDNL0.4% of the fund
- D-Wave QuantumQBTS0.4% of the fund
- Target HospitalityTH0.4% of the fund
- Anheuser-Busch InBev SABUD0.3% of the fund
- HalliburtonHAL0.3% of the fund
- Rigetti ComputingRGTI0.2% of the fund
- DigitalOcean HoldingsDOCN0.2% of the fund
- Varonis SystemsVRNS0.2% of the fund
- FormfactorFORM0.2% of the fund
- Cipher DigitalCIFR0.2% of the fund
Added
Bought more of a stock they already held.
- BWX TechnologiesBWXT3.4% of the fund+4%
- Callaway GolfCALY2.4% of the fund+74%
- Modine ManufacturingMOD1.9% of the fund+5%
- Carpenter TechnologyCRS1.7% of the fund+5%
- Lincoln Educational ServicesLINC1.7% of the fund+16%
- NvidiaNVDA1.6% of the fund+7%
- Axsome TherapeuticsAXSM1.6% of the fund+21%
- Xenon PharmaceuticalsXENE1.5% of the fund+60%
- BridgeBio PharmaBBIO1.5% of the fund+4%
- Lattice SemiconductorLSCC1.4% of the fund+4%
- Taiwan Semiconductor ManufacturingTSM1.4% of the fund+9%
- Wintrust FinancialWTFC1.4% of the fund+12%
- SitimeSITM1.3% of the fund+3%
- TFI InternationalTFII1.3% of the fund+6%
- Mirum PharmaceuticalsMIRM1.3% of the fund+32%
- Enliven TherapeuticsELVN1.3% of the fund+114%
- Sphere EntertainmentSPHR1.3% of the fund+5%
- Dianthus TherapeuticsDNTH1.2% of the fund+264%
- Amazon.comAMZN1.2% of the fund+7%
- CytokineticsCYTK1.1% of the fund+199%
- Advanced Energy IndustriesAEIS1.1% of the fund+13%
- TangerSKT1.1% of the fund+5%
- Rush Street InteractiveRSI1.1% of the fund+4%
- Powell IndustriesPOWL1.1% of the fund+5%
- Once Upon a Farm, PBCOFRM1.0% of the fund+272%
Cut
Sold some of their stake.
- Revolution MedicinesRVMD3.0% of the fund-6%
- Sterling InfrastructureSTRL1.6% of the fund-39%
- GE VernovaGEV1.6% of the fund-32%
- FTAI AviationFTAI1.0% of the fund-10%
- MACOM Technology Solutions HoldingsMTSI0.9% of the fund-27%
- Construction PartnersROAD0.6% of the fund-18%
- Century AluminumCENX0.6% of the fund-32%
- FabrinetFN0.6% of the fund-30%
- Applied OptoelectronicsAAOI0.4% of the fund-15%
- TeslaTSLA0.4% of the fund-20%
- Cadence Design SystemsCDNS0.4% of the fund-5%
- CraneCR0.4% of the fund-20%
- MicrosoftMSFT0.3% of the fund-42%
- Expand EnergyEXE0.2% of the fund-3%
- Arista NetworksANET0.2% of the fund-5%
- Vertiv HoldingsVRT0.2% of the fund-21%
- SynopsysSNPS0.2% of the fund-9%
- Rocket CompaniesRKT0.2% of the fund-9%
- InterDigitalIDCC0.2% of the fund-37%
- Marathon PetroleumMPC0.2% of the fund-26%
- InsmedINSM0.2% of the fund-86%
- C. H. Robinson WorldwideCHRW0.1% of the fund-56%
- Ralph LaurenRL0.1% of the fund-19%
- Astera LabsALAB0.1% of the fund-87%
- TapestryTPR<0.1% of the fund-6%
Sold out
Sold their entire stake.
- Kratos Defense & Security SolutionsKTOS-100%
- EmbraerEMBJ-100%
- Apogee TherapeuticsAPGE-100%
- Abivax SAABVX-100%
- OSI SystemsOSIS-100%
- IDEAYA BiosciencesIDYA-100%
- Ascendis Pharma A/SASND-100%
- SkywestSKYW-100%
- GAPGAP-100%
- SOLV EnergyMWH-100%
- Boot Barn HoldingsBOOT-100%
- NewAmsterdam PharmaNAMS-100%
- NateraNTRA-100%
- Vera TherapeuticsVERA-100%
- GatxGATX-100%
- Descartes Systems GroupDSGX-100%
- Cogent BiosciencesCOGT-100%
- Patrick IndustriesPATK-100%
- JBT MarelJBTM-100%
- Uranium EnergyUEC-100%
- Procore TechnologiesPCOR-100%
- Caci InternationalCACI-100%
- QXOQXO-100%
- CelcuityCELC-100%
- Viridian TherapeuticsVRDN-100%
Holdings
- TFI InternationalTFII
- Share
- 1.3%
- Value
- $20m
- Shares
- 141,226
+6%
- CamecoCCJ
- Share
- 1.1%
- Value
- $18m
- Shares
- 173,899
Held
Showing the largest 100 of 175.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 55.1% since 30 June 2025.
Where the money is
Technology25.3%
Industrials19.8%
Health care17.6%
Retail & consumer17.3%
Financial services6.9%
Energy4.2%
Real estate2.7%
Everyday goods2.5%
Materials2.2%
Media & telecom0.9%
Utilities0.3%
Other0.3%
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.