Gilder Gagnon Howe portfolio

What changed this quarter

253 positions with a change (41 new, 51 added to, 133 trimmed, 28 sold); also, 9 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Micron Technology−48%fewer sharesReduced
  1.6% → 2.4%
• Shake Shack−1.1 ppof portfolioSold out
  1.2% → —
• Arcutis Biotherapeutics−69%fewer sharesReduced
  1.2% → 0.4%
• ACM Research+794%more sharesIncreased
  under 0.1% → 0.8%
• Natera−34%fewer sharesReduced
  1.8% → 1.4%
• Enphase Energy+62%more sharesIncreased
  1.0% → 1.8%
• SiTime−26%fewer sharesReduced
  1.4% → 1.9%
• DoorDash+1,017%more sharesIncreased
  0.1% → 0.7%
• RTX+0.6 ppof portfolioNew
  — → 0.6%
• Cboe Global Markets−0.6 ppof portfolioSold out
  0.7% → —
• Axon Enterprise+0.5 ppof portfolioNew
  — → 0.5%
• Intel+68%more sharesIncreased
  0.3% → 1.3%

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

• NVIDIANVDA5.0%
• CloudflareNET4.2%
• Amazon.comAMZN4.1%
• AlphabetGOOGL · GOOG3.6%
• NetflixNFLX2.9%
• Quanta ServicesPWR2.8%
• Nebius GroupNBIS2.5%
• TeslaTSLA2.5%
• Micron TechnologyMU2.4%
• ShopifySHOP2.2%
• Meta PlatformsMETA2.0%
• SiTimeSITM1.9%
• Enphase EnergyENPH1.8%
• ARM HoldingsARM1.7%
• Intuitive SurgicalISRG1.7%
• Robinhood MarketsHOOD1.5%
• SharkninjaSN1.5%
• NateraNTRA1.4%
• EmbraerEMBJ1.4%
• Arista NetworksANET1.3%
• IntelINTC1.3%
• Tower SemiconductorTSEM1.2%
• ToastTOST1.1%
• TKO Group HoldingsTKO1.1%
• BBB FoodsTBBB1.1%
• Sphere EntertainmentSPHR1.0%
• New York TimesNYT1.0%
• EchoStarECHO1.0%
• MercadoLibreMELI0.9%
• Affirm HoldingsAFRM0.9%
• QXOQXO0.9%
• XometryXMTR0.9%
• Alnylam PharmaceuticalsALNY0.8%
• ACM ResearchACMR0.8%
• MDA SpaceMDA0.7%
• SiriuspointSPNT0.7%
• AirbnbABNB0.7%
• GAPGAP0.7%
• Elbit SystemsESLT0.7%
• DoorDashDASH0.7%
• Porch GroupPRCH0.7%
• Franco NevadaFNV0.7%
• RedditRDDT0.7%
• Rivian AutomotiveRIVN0.6%
• RTXRTX0.6%
• NlightLASR0.6%
• DuolingoDUOL0.6%
• Boot Barn HoldingsBOOT0.6%
• LPL Financial HoldingsLPLA0.6%
• CoreWeaveCRWV0.6%
• AXON EnterpriseAXON0.5%
• Applied OptoelectronicsAAOI0.5%
• POOLPOOL0.5%
• HubSpotHUBS0.5%
• Via TransportationVIA0.5%
• Figure Technology SolutionsFIGR0.5%
• Live OAK BancsharesLOB0.5%
• RobloxRBLX0.5%
• Talen EnergyTLN0.5%
• Universal Technical InstituteUTI0.5%
• Spotify TechnologySPOT0.5%
• Accelerant HoldingsARX0.5%
• FTAI AviationFTAI0.5%
• GE AerospaceGE0.4%
• Nektar TherapeuticsNKTR0.4%
• BridgeBio PharmaBBIO0.4%
• AppFolioAPPF0.4%
• Martin Marietta MaterialsMLM0.4%
• FreshpetFRPT0.4%
• ON SemiconductorON0.4%
• Grupo Aeromexico, S.A.B. de C.V.AERO0.4%
• Tamboran ResourcesTBN0.4%
• Space Exploration TechnologiesSPCX0.4%
• Arcutis BiotherapeuticsARQT0.4%
• RambusRMBS0.4%
• CytokineticsCYTK0.4%
• Alignment HealthcareALHC0.3%
• Solaris Energy InfrastructureSEI0.3%
• International General Insurance HoldingsIGIC0.3%
• Bloom EnergyBE0.3%
• Texas RoadhouseTXRH0.3%
• Loar HoldingsLOAR0.3%
• Taiwan Semiconductor ManufacturingTSM0.3%
• Establishment Labs HoldingsESTA0.3%
• SiteOne Landscape SupplySITE0.3%
• Oscar HealthOSCR0.3%
• ThredUpTDUP0.3%
• AppleAAPL0.3%
• WayfairW0.3%
• MicrosoftMSFT0.3%
• CitigroupC0.3%
• ServiceTitanTTAN0.3%
• Kymera TherapeuticsKYMR0.3%
• TransDigm GroupTDG0.3%
• uniQureQURE0.3%
• Pattern GroupPTRN0.2%
• LegenceLGN0.2%
• CalixCALX0.2%
• GlaukosGKOS0.2%