Summit Partners Public Asset Management portfolio

What changed this quarter

91 positions with a change (28 new, 16 added to, 28 trimmed, 19 sold); also, 4 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Snowflake+2.9 ppof portfolioNew
  — → 2.9%
• Hut 8+2.9 ppof portfolioNew
  — → 2.9%
• Insmed−2.8 ppof portfolioSold out
  4.9% → —
• Datadog+2.7 ppof portfolioNew
  — → 2.7%
• Onto Innovation+2.3 ppof portfolioNew
  — → 2.3%
• Sandisk−16%fewer sharesReduced
  5.5% → 9.2%
• Akamai Technologies−1.7 ppof portfolioSold out
  3.1% → —
• Oruka Therapeutics+1.6 ppof portfolioNew
  — → 1.6%
• Glaukos+1.6 ppof portfolioNew
  — → 1.6%
• Abivax+1.4 ppof portfolioNew
  — → 1.4%
• Twilio+1.4 ppof portfolioNew
  — → 1.4%
• Silicon Motion Technology−43%fewer sharesReduced
  2.4% → 2.3%

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

• SandiskSNDK9.2%
• Guardant HealthGH3.8%
• MKSMKSI3.7%
• DigitalOcean HoldingsDOCN3.6%
• Solaris Energy InfrastructureSEI3.5%
• Tower SemiconductorTSEM3.5%
• Nebius GroupNBIS3.2%
• SnowflakeSNOW2.9%
• Hut 8HUT2.9%
• NateraNTRA2.7%
• DatadogDDOG2.7%
• NVIDIANVDA2.3%
• ONTO InnovationONTO2.3%
• Silicon Motion TechnologySIMO2.3%
• SiTimeSITM2.0%
• Arrowhead PharmaceuticalsARWR1.8%
• CompassCOMP1.7%
• Oruka TherapeuticsORKA1.6%
• Ionis PharmaceuticalsIONS1.6%
• GlaukosGKOS1.6%
• Taiwan Semiconductor ManufacturingTSM1.5%
• AbivaxABVX1.4%
• SharkninjaSN1.4%
• Vertiv HoldingsVRT1.4%
• Credo Technology Group HoldingCRDO1.4%
• TwilioTWLO1.4%
• Rush Street InteractiveRSI1.3%
• Alkermes plc.ALKS1.3%
• HeartflowHTFL1.3%
• Lam ResearchLRCX1.3%
• FLEXFLEX1.3%
• BridgeBio PharmaBBIO1.2%
• Forgent Power SolutionsFPS1.2%
• XometryXMTR1.2%
• Establishment Labs HoldingsESTA1.1%
• Comfort Systems USAFIX1.1%
• Applied MaterialsAMAT1.0%
• CrowdStrike HoldingsCRWD1.0%
• Spotify TechnologySPOT1.0%
• Champion HomesSKY0.9%
• Talen EnergyTLN0.9%
• CarvanaCVNA0.9%
• Analog DevicesADI0.9%
• Mayville EngineeringMEC0.8%
• Iron MountainIRM0.8%
• Cerebras SystemsCBRS0.8%
• Lattice SemiconductorLSCC0.7%
• EquinixEQIX0.7%
• Constellation EnergyCEG0.6%
• TerawulfWULF0.6%
• FTAI AviationFTAI0.6%
• Fervo EnergyFRVO0.5%
• Floor & Decor HoldingsFND0.5%
• Advanced Energy IndustriesAEIS0.5%
• Castle BiosciencesCSTL0.5%
• Liberty EnergyLBRT0.5%
• Cirrus LogicCRUS0.5%
• DPC HoldingsDPC0.5%
• AEVA TechnologiesAEVA0.4%
• CAVA GroupCAVA0.4%
• OusterOUST0.4%
• AAONAAON0.3%
• AXON EnterpriseAXON0.3%
• Mercury SystemsMRCY0.3%
• ImpinjPI0.2%
• Cipher DigitalCIFR0.2%
• Pattern GroupPTRN0.2%
• Amazon.comAMZN0.2%
• SamsaraIOT0.2%
• CienaCIEN0.2%
• Space Exploration TechnologiesSPCX0.2%
• Ambiq MicroAMBQ0.2%
• JFrogFROG0.2%
• ServiceTitanTTAN0.1%
• BandwidthBAND0.1%
• Veeva SystemsVEEV0.1%
• BroadcomAVGO0.1%
• ASML HoldingASML0.1%
• Zeta Global HoldingsZETA0.1%