1y return+35.2%S&P 500 +20.9%
3y return+149.3%S&P 500 +68.5%
5y return+47.7%S&P 500 +74.5%
10y return+212.1%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: $312 against $357 in the S&P 500.2
Valiant Capital Management, L.P.S&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 |
|---|---|---|---|
| IWMIshares Tr | $259.3M | 16.1% | −4.9% |
| SPYSpdr S&p 500 Etf Tr | $251.2M | 15.6% | −2.9% |
| CORZCore Scientific Inc New | $191.3M | 11.9% | +9.1% |
| SEISolaris Energy Infras Inc | $129.1M | 8.0% | +43.3% |
| GEVGe Vernova Inc | $114.7M | 7.1% | +3.2% |
| WULFTerawulf Inc | $71.5M | 4.5% | New |
| PUMPPropetro Hldg Corp | $60.8M | 3.8% | +4.9% |
| GRDNGuardian Pharmacy Svcs Inc | $49.7M | 3.1% | |
| RHRh | $49.6M | 3.1% | |
| PWRQuanta Svcs Inc | $49.2M | 3.1% | +4.3% |
| AVGOBroadcom Inc | $47.8M | 3.0% | |
| AMZNAmazon Com Inc | $37.0M | 2.3% | |
| TKOTko Group Holdings Inc | $36.3M | 2.3% | |
| CRWDCrowdstrike Hldgs Inc | $34.0M | 2.1% | |
| GDXVaneck Etf Trust | $32.1M | 2.0% | |
| TTWOTake-two Interactive Softwar | $30.5M | 1.9% | |
| LLYEli Lilly & Co | $29.1M | 1.8% | |
| HDBHdfc Bank Ltd | $26.5M | 1.7% | |
| NVDANvidia Corporation | $25.9M | 1.6% | |
| Credo Technology Group HoldiCUSIP G25457105 | $25.4M | 1.6% | |
| MSFTMicrosoft Corp | $24.8M | 1.5% | |
| ZZillow Group Inc | $14.9M | 0.9% | |
| BWBabcock & Wilcox Enterprises | $7.8M | 0.5% | New |
| UBERUber Technologies Inc | $4.3M | 0.3% | |
| PSIXPower Solutions Intl Inc | $3.2M | 0.2% | +17.7% |
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 |
|---|---|---|---|
| Credo Technology Group HoldiCUSIP G25457105 | March 31, 2024 | +1183.4% | $25.4M |
| CRWDCrowdstrike Hldgs Inc | March 31, 2023 | +456.0% | $34.0M |
| NVDANvidia Corporation | June 30, 2023 | +373.0% | $25.9M |
| GEVGe Vernova Inc | September 30, 2024 | +360.8% | $114.7M |
| AVGOBroadcom Inc | March 31, 2024 | +185.0% | $47.8M |
| CORZCore Scientific Inc New | June 30, 2024 | +175.2% | $191.3M |
| PWRQuanta Svcs Inc | September 30, 2024 | +141.5% | $49.2M |
| GDXVaneck Etf Trust | March 31, 2023 | +133.2% | $32.1M |
| TKOTko Group Holdings Inc | March 31, 2024 | +133.0% | $36.3M |
| UBERUber Technologies Inc | June 30, 2020 | +132.2% | $4.3M |
Sold off last quarter
- AGXArgan Inc was $32.3M
- CRMSalesforce Inc was $15.9M
- WLDNWilldan Group Inc was $11.0M
- NOWServicenow Inc was $8.7M
- FPSForgent Power Solutions Inc was $2.9M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +23.5% | +14.8% |
| March 31, 2026 | +0.7% | −4.6% |
| December 31, 2025 | +0.3% | +2.4% |
| September 30, 2025 | +8.3% | +7.8% |
| June 30, 2025 | +31.8% | +10.5% |
| March 31, 2025 | −10.2% | −4.6% |
| December 31, 2024 | +10.7% | +2.1% |
| September 30, 2024 | +8.6% | +5.4% |
| June 30, 2024 | +2.4% | +4.0% |
| March 31, 2024 | +25.0% | +10.0% |
| December 31, 2023 | +6.6% | +11.2% |
| September 30, 2023 | −4.9% | −3.6% |
| June 30, 2023 | +14.1% | +8.3% |
| March 31, 2023 | +16.3% | +7.0% |
| December 31, 2022 | −3.6% | +7.1% |
| September 30, 2022 | +0.5% | −5.3% |
| June 30, 2022 | −29.0% | −16.5% |
| March 31, 2022 | −13.4% | −4.9% |
| December 31, 2021 | −9.3% | +10.7% |
| September 30, 2021 | −17.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Valiant Capital Management, L.P. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1452689&type=13F-HR&dateb=&owner=include&count=40CIK 1452689
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1452689/000093583626000404/Filed August 14, 2026 · accession 0000935836-26-000404