ALKEON CAPITAL MANAGEMENT LLC

Fundamental diversified ★Signal CIK 1230239
League rank
#169
in Fundamental diversified · #719 overall
Long book
$22.08B
Q1 2026
Positions
75
Top-10 weight
47%
concentration
Last quarter
+18.8%
SPY +14.8%
Turnover
18%
of book per quarter

Strategy in plain words

auto-generated from filings

ALKEON CAPITAL MANAGEMENT LLC is a diversified fundamental manager, running a $22.08B US long book across 75 positions.

The portfolio is moderately concentrated (top 10 ≈ 47% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, ALPHABET INC-CL A, META PLATFORMS INC-CLASS A, AMAZON.COM INC, KLA CORP.

Over the last 9 quarters its long book ran on average 1.8pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+5.1%
Q2 2024
+3.6%
Q3 2024
+1.3%
Q4 2024
-6.4%
Q1 2025
+19.2%
Q2 2025
+12.6%
Q3 2025
+3.4%
Q4 2025
-1.1%
Q1 2026
+18.8%

Sector allocation

Technology
41%
Industrials
17%
Consumer discretionary
12%
Services media
9%
Utilities
7%
Materials
6%
Other
5%
Financials
3%

Long book by quarter

$18.17B
Q1 2024
$19.52B
Q2 2024
$18.26B
Q3 2024
$17.26B
Q4 2024
$16.88B
Q1 2025
$20.59B
Q2 2025
$22.13B
Q3 2025
$22.87B
Q4 2025
$22.08B
Q1 2026

What does ALKEON CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOGL ALPHABET INC-CL ATechnology5.1M$1.45B6.6%-12.8%
META META PLATFORMS INC-CLASS ATechnology2.1M$1.23B5.6%+7.7%
AMZN AMAZON.COM INCConsumer discretionary5.8M$1.21B5.5%+0.1%
KLAC KLA CORPOther580.9K$855.3M3.9%-18.2%
LRCX LAM RESEARCH CORPIndustrials3.9M$833.4M3.8%-39.2%
TER TERADYNE INCTechnology2.8M$827.0M3.7%+14.7%
ADI ANALOG DEVICES INCTechnology2.1M$657.6M3.0%+2.4%
VRT VERTIV HOLDINGS CO-ATechnology2.5M$626.9M2.8%+24.9%
SNPS SYNOPSYS INCTechnology1.6M$622.2M2.8%+56.4%
APH AMPHENOL CORP-CL ATechnology4.6M$583.5M2.6%+23.3%
EXPE EXPEDIA GROUP INCIndustrials2.5M$571.5M2.6%Held
CDNS CADENCE DESIGN SYS INCTechnology1.6M$450.9M2.0%Held
TJX TJX COMPANIES INCConsumer discretionary2.8M$447.2M2.0%Held
MSFT MICROSOFT CORPTechnology1.2M$444.6M2.0%-39.2%
V VISA INC-CLASS A SHARESServices media1.5M$443.9M2.0%Held
MLM MARTIN MARIETTA MATERIALSMaterials747.4K$440.0M2.0%Held
VMC VULCAN MATERIALS COMaterials1.5M$402.6M1.8%Held
MA MASTERCARD INC - AServices media778.5K$389.0M1.8%Held
CEG CONSTELLATION ENERGYUtilities1.4M$383.9M1.7%+0.3%
VST VISTRA CORPUtilities2.5M$382.8M1.7%+30.8%
ETR ENTERGY CORPUtilities3.3M$373.7M1.7%+21.6%
BWXT BWX TECHNOLOGIES INCIndustrials1.7M$355.7M1.6%+10.0%
MELI MERCADOLIBRE INCServices media180.5K$312.1M1.4%-24.9%
CG CARLYLE GROUP INC/THEFinancials5.9M$287.5M1.3%Held
ICE INTERCONTINENTAL EXCHANGE INFinancials1.8M$283.2M1.3%Held
SOLS SOLSTICE ADV MATERIALS INCMaterials3.7M$279.4M1.3%+226.0%
UBER UBER TECHNOLOGIES INCServices media3.9M$277.7M1.3%+14.9%
RTX RTX CORPIndustrials1.3M$241.1M1.1%Held
ASML ASML HOLDING NV-NY REG SHSIndustrials180.8K$238.8M1.1%New
TWLO TWILIO INC - ATechnology1.8M$231.5M1.0%+636.0%
PWR QUANTA SERVICES INCIndustrials401.0K$220.1M1.0%-20.0%
CRH CRH PLCIndustrials2.0M$215.5M1.0%+13.9%
GE GENERAL ELECTRICIndustrials700.0K$198.6M0.9%Held
DASH DOORDASH INC - AServices media1.2M$177.7M0.8%+0.4%
BURL BURLINGTON STORES INCConsumer discretionary545.0K$177.3M0.8%+3.8%
TDG TRANSDIGM GROUP INCIndustrials149.1K$172.8M0.8%-10.0%
CP CANADIAN PACIFIC KANSAS CITYIndustrials2.0M$157.6M0.7%Held
NI NISOURCE INCUtilities3.4M$157.0M0.7%+4.2%
SSNC SS&C TECHNOLOGIES HOLDINGSTechnology1.8M$119.3M0.5%Held
ROST ROSS STORES INCConsumer discretionary472.6K$102.4M0.5%Held
TTMI TTM TECHNOLOGIESTechnology1.1M$102.3M0.5%New
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary306.7K$98.3M0.4%Held
SPGI S&P GLOBAL INCServices media190.4K$81.0M0.4%Held
NVDA NVIDIA CORPTechnology429.5K$74.9M0.3%+103.1%
YUM YUM! BRANDS INCConsumer discretionary465.6K$72.4M0.3%Held
CTAS CINTAS CORPOther401.5K$67.9M0.3%+69.8%
ORIC ORIC PHARMACEUTICALS INCHealthcare4.5M$57.1M0.3%Held
LOW LOWE'S COS INCConsumer discretionary213.6K$50.5M0.2%-54.4%
MDGL MADRIGAL PHARMACEUTICALS INCHealthcare80.0K$41.9M0.2%-66.7%
NAVN NAVAN INC-CL ATechnology2.7M$35.6M0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026188$59.50B canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026201$63.13B canonicalSEC ↗
Q3 202513F-HRNov 14, 2025188$67.97B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025189$59.98B canonicalSEC ↗
Q1 202513F-HRMay 15, 2025192$48.00B canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025170$49.15B canonicalSEC ↗
Q3 202413F-HRNov 14, 2024175$58.35B canonicalSEC ↗
Q2 202413F-HRAug 14, 2024189$60.99B canonicalSEC ↗
Q1 202413F-HRMay 15, 2024188$58.27B canonicalSEC ↗