Alkeon Capital Management portfolio

What changed this quarter

51 positions with a change (9 new, 12 added to, 24 trimmed, 6 sold); also, 1 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Applied Materials+4.2 ppof portfolioNew
  — → 4.2%
• Taiwan Semiconductor Manufacturing−35%fewer sharesReduced
  8.3% → 6.5%
• KLA−35%fewer sharesReduced
  3.9% → 4.4%
• Alphabet−27%fewer sharesReduced
  6.6% → 5.1%
• Nokia+1.8 ppof portfolioNew
  — → 1.8%
• MKS+1.8 ppof portfolioNew
  — → 1.8%
• Lam Research−22%fewer sharesReduced
  3.8% → 5.1%
• Silicon Motion Technology+1.4 ppof portfolioNew
  — → 1.4%
• Vertiv Holdings−43%fewer sharesReduced
  2.8% → 1.8%
• Teradyne−22%fewer sharesReduced
  3.7% → 4.0%
• Solstice Advanced Materials−1.1 ppof portfolioSold out
  1.3% → —
• Asml Holding−99.5%fewer sharesReduced
  1.1% → under 0.1%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Taiwan Semiconductor ManufacturingTSM6.5%
• Amazon.comAMZN5.3%
• Lam ResearchLRCX5.1%
• AlphabetGOOGL5.1%
• Invesco QQQ Trust Series 1 ETFQQQ4.6%
• KLAKLAC4.4%
• Meta PlatformsMETA4.2%
• Applied MaterialsAMAT4.2%
• TeradyneTER4.0%
• AmphenolAPH3.9%
• Analog DevicesADI3.2%
• Cadence Design SystemsCDNS2.3%
• SynopsysSNPS2.2%
• VisaV1.9%
• TwilioTWLO1.9%
• NokiaNOK1.8%
• MKSMKSI1.8%
• Vertiv HoldingsVRT1.8%
• Expedia GroupEXPE1.8%
• Vulcan MaterialsVMC1.7%
• TJXTJX1.6%
• MastercardMA1.5%
• BWX TechnologiesBWXT1.5%
• EntergyETR1.5%
• Silicon Motion TechnologySIMO1.4%
• Martin Marietta MaterialsMLM1.4%
• EquinixEQIX1.3%
• Constellation EnergyCEG1.2%
• MicrosoftMSFT1.2%
• UBER TechnologiesUBER1.2%
• Vistra OperationsVST1.2%
• Quanta ServicesPWR1.1%
• Carlyle GroupCG1.0%
• iShares Semiconductor ETFSOXX0.9%
• Intercontinental ExchangeICE0.9%
• CRH publicCRH0.8%
• nVent ElectricNVT0.8%
• TransDigm GroupTDG0.8%
• MercadoLibreMELI0.7%
• Burlington StoresBURL0.7%
• Canadian Pacific Kansas CityCP0.7%
• DoorDashDASH0.7%
• RTXRTX0.7%
• NisourceNI0.6%
• GE AerospaceGE0.5%
• Alibaba Group HoldingBABA0.4%
• Ss&c Technologies HoldingsSSNC0.4%
• Sherwin-williamsSHW0.4%
• Ross StoresROST0.4%
• Astera LabsALAB0.4%
• Spotify TechnologySPOT0.4%
• NVIDIANVDA0.3%
• New Oriental Education & Technology GroupEDU0.3%
• S&P GlobalSPGI0.3%
• Full Truck AllianceYMM0.3%
• Yum! BrandsYUM0.3%
• CintasCTAS0.3%
• State Str Spdr DOW Jones INDDIA0.2%
• NavanNAVN0.2%
• Lowe'sLOW0.2%
• Madrigal PharmaceuticalsMDGL0.2%
• ORIC PharmaceuticalsORIC0.2%
• iShares 20+ Year Treasury BD ETFTLT0.2%
• Hinge HealthHNGE0.1%
• ToastTOST0.1%
• UiPathPATH0.1%
• StandardAeroSARO0.1%
• IRENIREN0.1%
• Microchip TechnologyMCHP0.1%
• X-EnergyXE0.1%
• Chipotle Mexican GrillCMG0.1%
• AppleAAPL0.1%
• DLocalDLOunder 0.1%
• Alto NeuroscienceANROunder 0.1%
• Advanced Micro DevicesAMDunder 0.1%
• Paylocity HoldingPCTYunder 0.1%
• IntelINTCunder 0.1%
• ASML HoldingASMLunder 0.1%
• JFrogFROGunder 0.1%