1y return+45.2%S&P 500 +20.9%
3y return+90.4%S&P 500 +68.5%
5y return+55.0%S&P 500 +74.5%
10y return+253.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $353 against $357 in the S&P 500.2
Nicholas Investment Partners, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| BWXTBwx Technologies Inc | $53.0M | 3.4% | +4.0% |
| RVMDRevolution Medicines Inc | $45.8M | 3.0% | −6.3% |
| CALYCallaway Golf Co | $36.7M | 2.4% | +73.6% |
| MODModine Mfg Co | $29.7M | 1.9% | +4.8% |
| CRSCarpenter Technology Corp | $26.9M | 1.7% | +4.5% |
| LINCLincoln Edl Svcs Corp | $26.5M | 1.7% | +15.8% |
| NVDANvidia Corporation | $25.3M | 1.6% | +7.0% |
| STRLSterling Infrastructure Inc | $25.3M | 1.6% | −39.4% |
| AXSMAxsome Therapeutics Inc. | $24.2M | 1.6% | +21.5% |
| GEVGe Vernova Inc | $24.1M | 1.6% | −32.5% |
| XENEXenon Pharmaceuticals Inc | $23.9M | 1.5% | +60.2% |
| BBIOBridgebio Pharma Inc | $23.2M | 1.5% | +4.2% |
| LSCCLattice Semiconductor Corp | $22.4M | 1.4% | +4.0% |
| KTBKontoor Brands Inc | $21.8M | 1.4% | New |
| TSMTaiwan Semiconductor Manufac | $21.5M | 1.4% | +9.4% |
| WTFCWintrust Finl Corp | $20.9M | 1.4% | +11.5% |
| SITMSitime Corp | $20.5M | 1.3% | +2.9% |
| TFIITfi International Inc | $20.3M | 1.3% | +5.7% |
| MIRMMirum Pharmaceuticals Inc | $20.2M | 1.3% | +31.5% |
| ELVNEnliven Therapeutics Inc | $19.9M | 1.3% | +114.3% |
| AVGOBroadcom Inc | $19.8M | 1.3% | |
| SPHRSphere Entertainment Co | $19.8M | 1.3% | +5.2% |
| DNTHDianthus Therapeutics Inc | $18.2M | 1.2% | +264.4% |
| AMZNAmazon Com Inc | $17.9M | 1.2% | +6.7% |
| CYTKCytokinetics Inc | $17.8M | 1.1% | +199.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $25.3M |
| TSMTaiwan Semiconductor Manufac | June 30, 2020 | +741.2% | $21.5M |
| AVGOBroadcom Inc | June 30, 2022 | +677.6% | $19.8M |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $24.1M |
| MPWRMonolithic Pwr Sys Inc | June 30, 2020 | +483.3% | $16.8M |
| LSCCLattice Semiconductor Corp | June 30, 2020 | +438.8% | $22.4M |
| RVMDRevolution Medicines Inc | June 30, 2024 | +382.6% | $45.8M |
| CCJCameco Corp | December 31, 2021 | +367.0% | $17.7M |
| CRSCarpenter Technology Corp | March 31, 2025 | +240.5% | $26.9M |
| MIRMMirum Pharmaceuticals Inc | September 30, 2024 | +200.2% | $20.2M |
Sold off last quarter
- KTOSKratos Defense & Sec Solutio was $27.6M
- EMBJEmbraer S.a. was $25.4M
- Apogee Therapeutics IncCUSIP 03770N101 was $11.0M
- ABVXAbivax Sa was $10.0M
- OSISOsi Systems Inc was $8.4M
- IDYAIdeaya Biosciences Inc was $8.3M
- Ascendis Pharma A/sCUSIP 04351P101 was $6.1M
- SKYWSkywest Inc was $5.8M
- GAPGap Inc was $5.0M
- MWHSolv Energy Inc was $4.9M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +22.6% | +14.8% |
| March 31, 2026 | +2.5% | −4.6% |
| December 31, 2025 | +2.8% | +2.4% |
| September 30, 2025 | +12.5% | +7.8% |
| June 30, 2025 | +17.1% | +10.5% |
| March 31, 2025 | −11.5% | −4.6% |
| December 31, 2024 | +0.9% | +2.1% |
| September 30, 2024 | +5.2% | +5.4% |
| June 30, 2024 | −1.7% | +4.0% |
| March 31, 2024 | +13.0% | +10.0% |
| December 31, 2023 | +16.7% | +11.2% |
| September 30, 2023 | −8.0% | −3.6% |
| June 30, 2023 | +12.4% | +8.3% |
| March 31, 2023 | +3.1% | +7.0% |
| December 31, 2022 | +5.6% | +7.1% |
| September 30, 2022 | +3.2% | −5.3% |
| June 30, 2022 | −20.8% | −16.5% |
| March 31, 2022 | −12.7% | −4.9% |
| December 31, 2021 | −3.4% | +10.7% |
| September 30, 2021 | −3.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Nicholas Investment Partners, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1389574&type=13F-HR&dateb=&owner=include&count=40CIK 1389574
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1389574/000138957426000005/Filed August 14, 2026 · accession 0001389574-26-000005