Valiant Capital Management portfolio
Type not verifiedPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Valiant Capital Management reported a $1.6 bn portfolio of 25 positions to the SEC as of the end of Q2 2026. Its largest positions are IWM, SPY, CORZ. During the quarter it opened Terawulf and exited Argan and Salesforce.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Valiant Capital Management has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
What changed this quarter
15 positions with a change (2 new, 6 added to, 2 trimmed, 5 sold). 8 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Terawulf+4.5 ppof portfolioNew— → 4.5%
- Solaris Energy Infrastructure+43%more sharesIncreased5.0% → 8.0%
- Argan−2.0 ppof portfolioSold out2.5% → —
- Core Scientific+9.1%more sharesIncreased8.1% → 11.9%
- Salesforce−1.0 ppof portfolioSold out1.3% → —
- iShares Russell 2000 ETF−4.9%fewer sharesReduced17.7% → 16.1%
- Willdan Group−0.7 ppof portfolioSold out0.9% → —
- ServiceNow−0.5 ppof portfolioSold out0.7% → —
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
- iShares Russell 2000 ETFIWM16.1%
- State Str Spdr S&P 500 ETF TSPY15.6%
- Core ScientificCORZ11.9%
- Solaris Energy InfrastructureSEI8.0%
- GE VernovaGEV7.1%
- TerawulfWULF4.5%
- ProPetro HoldingPUMP3.8%
- Guardian Pharmacy ServicesGRDN3.1%
- RHRH3.1%
- Quanta ServicesPWR3.1%
- BroadcomAVGO3.0%
- Amazon.comAMZN2.3%
- TKO Group HoldingsTKO2.3%
- CrowdStrike HoldingsCRWD2.1%
- Vaneck ETF TrustGDX2.0%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● No sector 34%
- ● Information Technology 26%
- ● Energy 12%
- ● Industrials 11%
- ● Consumer Discretionary 5%
- ● Communication Services 4%
- ● Consumer Staples 3%
- ● Health Care 2%
- ● Financials 2%
- ● Real Estate 1%
How its portfolio changed (8 quarters)
Q2 2026: 25
Q2 2026: 76%
Q2 2026: 7.3%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Declared options (4)
Besides stocks, Valiant Capital Management declared 4 calls (they gain if it rises) with a notional of $871M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- CALLAmazon.comAMZN$418M
- CALLTaiwan Semiconductor ManufacturingTSM$195M
- CALLCore ScientificCORZ$167M
- CALLRHRHnew this quarter$90.6M
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Type not verified: we have not assigned a type because we found no document that is enough to tell. Most 13F filers are in this situation: we only review in depth those that meet the portfolio criteria.
Not counted as a concentrated manager: more than 20% is options; more than 20% is ETFs. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
- Recurrent Investment AdvisorsInvestment firm · $1.6 bn
- Strategy CapitalInvestment firm · $1.6 bn
- Atalan Capital PartnersInvestment firm · $1.6 bn
- Kopernik Global InvestorsInvestment firm · $1.6 bn
- MPM BioimpactInvestment firm · $1.6 bn
- Cryder Capital Partners LLPInvestment firm · $1.6 bn