1y return+16.4%S&P 500 +20.9%
3y return+82.2%S&P 500 +68.5%
5y return−7.7%S&P 500 +74.5%
10y return+325.8%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: $426 against $357 in the S&P 500.2
Think Investments 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 |
|---|---|---|---|
| MRVLMarvell Technology Inc | $116.5M | 14.4% | −24.0% |
| AMZNAmazon Com Inc | $77.5M | 9.6% | −13.8% |
| LRCXLam Research Corp | $61.9M | 7.6% | New |
| Tower Semiconductor LtdCUSIP M87915274 | $49.8M | 6.1% | +3.0% |
| AEVAAeva Technologies Inc | $47.4M | 5.8% | +37.5% |
| WOLFWolfspeed Inc | $43.5M | 5.4% | New |
| VSHVishay Intertechnology Inc | $42.7M | 5.3% | New |
| RKTRocket Cos Inc | $41.0M | 5.1% | +28.1% |
| BRKRBruker Corp | $38.8M | 4.8% | +17.3% |
| BIDUBaidu Inc | $38.5M | 4.7% | New |
| IBNIcici Bank Limited | $37.5M | 4.6% | |
| MELIMercadolibre Inc | $31.1M | 3.8% | |
| BABAAlibaba Group Hldg Ltd | $30.8M | 3.8% | |
| LMRILumexa Imaging Holdings Inc | $28.9M | 3.6% | New |
| CRCLCircle Internet Group Inc | $27.6M | 3.4% | +20.6% |
| FUTUFutu Hldgs Ltd | $21.4M | 2.6% | |
| ATATAtour Lifestyle Hldgs Ltd | $17.1M | 2.1% | −40.2% |
| FIGRFigure Technology Solutio | $16.9M | 2.1% | New |
| TASKTaskus Inc | $16.4M | 2.0% | −6.0% |
| TTMITtm Technologies Inc | $16.2M | 2.0% | New |
| SHAKShake Shack Inc | $10.0M | 1.2% |
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 |
|---|---|---|---|
| IBNIcici Bank Limited | June 30, 2020 | +212.5% | $37.5M |
| AEVAAeva Technologies Inc | March 31, 2026 | +118.2% | $47.4M |
| AMZNAmazon Com Inc | June 30, 2020 | +72.8% | $77.5M |
| MELIMercadolibre Inc | June 30, 2020 | +72.2% | $31.1M |
| BRKRBruker Corp | March 31, 2026 | +66.6% | $38.8M |
| Tower Semiconductor LtdCUSIP M87915274 | March 31, 2026 | +48.5% | $49.8M |
| ATATAtour Lifestyle Hldgs Ltd | December 31, 2024 | +18.3% | $17.1M |
| RKTRocket Cos Inc | December 31, 2025 | −18.6% | $41.0M |
| CRCLCircle Internet Group Inc | December 31, 2025 | −21.0% | $27.6M |
| SHAKShake Shack Inc | March 31, 2026 | −36.7% | $10.0M |
Sold off last quarter
- CLSCelestica Inc was $38.1M
- RDDTReddit Inc was $26.7M
- OGNOrganon & Co was $24.0M
- Xp IncCUSIP G98239109 was $21.6M
- METAMeta Platforms Inc was $19.5M
- SMTCSemtech Corp was $16.7M
- BKHBlack Hills Corp was $16.5M
- SESea Ltd was $14.4M
- Electronic Arts IncCUSIP 285512109 was $14.3M
- SCHWSchwab Charles Corp was $13.7M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.6% | +14.8% |
| March 31, 2026 | −8.3% | −4.6% |
| December 31, 2025 | −3.5% | +2.4% |
| September 30, 2025 | +15.9% | +7.8% |
| June 30, 2025 | +19.5% | +10.5% |
| March 31, 2025 | −4.4% | −4.6% |
| December 31, 2024 | +11.8% | +2.1% |
| September 30, 2024 | +4.5% | +5.4% |
| June 30, 2024 | +6.9% | +4.0% |
| March 31, 2024 | −1.4% | +10.0% |
| December 31, 2023 | +16.6% | +11.2% |
| September 30, 2023 | −4.6% | −3.6% |
| June 30, 2023 | +2.8% | +8.3% |
| March 31, 2023 | +18.3% | +7.0% |
| December 31, 2022 | −3.2% | +7.1% |
| September 30, 2022 | −5.6% | −5.3% |
| June 30, 2022 | −22.2% | −16.5% |
| March 31, 2022 | −24.0% | −4.9% |
| December 31, 2021 | −15.7% | +10.7% |
| September 30, 2021 | −8.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Think Investments LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1635999&type=13F-HR&dateb=&owner=include&count=40CIK 1635999
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1635999/000163599926000004/Filed August 14, 2026 · accession 0001635999-26-000004