ICONIQ Capital, LLC
Long book
$4.46B
Q1 2026
Positions
82
Top-10 weight
82%
concentration
Last quarter
+13.0%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsICONIQ Capital, LLC is a diversified fundamental manager, specialised in technology (81% of the long book), running a $4.46B US long book across 82 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: PROCORE TECHNOLOGIES INC, SERVICETITAN INC-A, NETSKOPE INC-CL A, BLUE OWL CAPITAL INC, SHOPIFY INC - CLASS A.
Over the last 9 quarters its long book ran on average 7.1pp per quarter behind the S&P 500, beating the index in 1 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
-12.1%
Q2 2024
-2.6%
Q3 2024
+17.7%
Q4 2024
-11.4%
Q1 2025
+10.4%
Q2 2025
-0.9%
Q3 2025
-6.5%
Q4 2025
-30.6%
Q1 2026
+13.0%
Sector allocation
Technology 81%
Financials 16%
Healthcare 1%
Consumer discretionary 1%
Services media 0%
Long book by quarter
What does ICONIQ Capital, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PCOR PROCORE TECHNOLOGIES INC | Technology | 14.6M | $833.4M | 18.7% | Held |
| TTAN SERVICETITAN INC-A | Technology | 11.5M | $731.5M | 16.4% | Held |
| NTSK NETSKOPE INC-CL A | Technology | 66.3M | $562.6M | 12.6% | Held |
| OWL BLUE OWL CAPITAL INC | Financials | 34.4M | $313.7M | 7.0% | +2.5% |
| SHOP SHOPIFY INC - CLASS A | Technology | 2.5M | $291.3M | 6.5% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 783.8K | $225.4M | 5.0% | Held |
| CHYM CHIME FINANCIAL INC-CL A | Financials | 11.1M | $207.2M | 4.6% | -8.1% |
| NVDA NVIDIA CORP | Technology | 1.1M | $191.0M | 4.3% | Held |
| AVGO BROADCOM INC | Technology | 426.8K | $132.1M | 3.0% | Held |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 1.5M | $101.7M | 2.3% | +24.9% |
| BL BLACKLINE INC | Technology | 2.1M | $77.2M | 1.7% | Held |
| NOW SERVICENOW INC | Technology | 599.1K | $62.6M | 1.4% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 290.5K | $59.1M | 1.3% | Held |
| MSFT MICROSOFT CORP | Technology | 149.3K | $55.3M | 1.2% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 251.1K | $52.3M | 1.2% | Held |
| KOD KODIAK SCIENCES INC | Healthcare | 1.3M | $48.3M | 1.1% | Held |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 82.9K | $32.4M | 0.7% | Held |
| APP APPLOVIN CORP-CLASS A | Technology | 71.4K | $28.4M | 0.6% | Held |
| FIG FIGMA INC-CL A | Technology | 5.8M | $12.6M | 0.3% | Held |
| MELI MERCADOLIBRE INC | Services media | 6.4K | $11.1M | 0.2% | 0.0% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 62.7K | $11.0M | 0.2% | -0.1% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 533.3K | $7.7M | 0.2% | Held |
| CCC CCC INTELLIGENT SOLUTIONS HO | Technology | 1.2M | $7.0M | 0.2% | Held |
| NMRA NEUMORA THERAPEUTICS INC | Healthcare | 2.6M | $5.0M | 0.1% | Held |
| NET CLOUDFLARE INC - CLASS A | Technology | 23.1K | $4.8M | 0.1% | Held |
| UBER UBER TECHNOLOGIES INC | Services media | 60.3K | $4.3M | 0.1% | +201.3% |
| DASH DOORDASH INC - A | Services media | 11.5K | $1.7M | 0.0% | Held |
| GOOG ALPHABET INC-CL C | Technology | 5.2K | $1.5M | 0.0% | Held |
| SNOW SNOWFLAKE INC | Technology | 6.7K | $1.0M | 0.0% | Held |
| RLAY RELAY THERAPEUTICS INC | Healthcare | 94.7K | $942K | 0.0% | Held |
| AAPL APPLE INC | Technology | 3.2K | $817K | 0.0% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 835 | $478K | 0.0% | Held |
| INTU INTUIT INC | Technology | 862 | $373K | 0.0% | Held |
| TTWO TAKE-TWO INTERACTIVE SOFTWRE | Technology | 1.8K | $351K | 0.0% | -2.5% |
| GS GOLDMAN SACHS GROUP INC | Financials | 377 | $319K | 0.0% | Held |
| DDOG DATADOG INC - CLASS A | Technology | 2.7K | $316K | 0.0% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 778 | $229K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 96 | $4.46B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 100 | $6.62B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 110 | $8.05B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 424 | $18.94B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 408 | $5.64B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 366 | $6.42B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 223 | $4.65B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 120 | $4.67B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 84 | $5.74B | canonical | SEC ↗ |