SCGE MANAGEMENT, L.P.

Fundamental concentrated ★Highest signal technology specialist (65%) CIK 1537530
League rank
#221
in Fundamental concentrated · #383 overall
Long book
$3.30B
Q1 2026
Positions
21
Top-10 weight
79%
concentration
Last quarter
+23.4%
SPY +14.8%
Turnover
14%
of book per quarter

Strategy in plain words

auto-generated from filings

SCGE MANAGEMENT, L.P. is a concentrated fundamental stock-picker, specialised in technology (65% of the long book), running a $3.30B US long book across 21 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, ALPHABET INC-CL A, MICROSOFT CORP, AMAZON.COM INC, BROADCOM INC.

Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+5.6%
Q2 2024
+3.9%
Q3 2024
+5.4%
Q4 2024
-11.9%
Q1 2025
+27.6%
Q2 2025
+4.6%
Q3 2025
-8.6%
Q4 2025
-18.7%
Q1 2026
+23.4%

Sector allocation

Technology
68%
Industrials
10%
Services media
10%
Consumer discretionary
8%
Financials
5%

Long book by quarter

$5.28B
Q1 2024
$5.12B
Q2 2024
$4.59B
Q3 2024
$5.41B
Q4 2024
$3.47B
Q1 2025
$4.77B
Q2 2025
$5.12B
Q3 2025
$4.39B
Q4 2025
$3.30B
Q1 2026

What does SCGE MANAGEMENT, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology3.0M$529.1M16.0%-8.8%
GOOGL ALPHABET INC-CL ATechnology1.6M$461.0M14.0%Held
MSFT MICROSOFT CORPTechnology762.9K$282.4M8.6%-10.5%
AMZN AMAZON.COM INCConsumer discretionary1.2M$245.5M7.4%-8.7%
AVGO BROADCOM INCTechnology792.7K$245.3M7.4%+9.2%
DASH DOORDASH INC - AServices media1.6M$239.3M7.3%Held
ASML ASML HOLDING NV-NY REG SHSIndustrials137.2K$181.2M5.5%-39.8%
META META PLATFORMS INC-CLASS ATechnology256.8K$146.9M4.5%-25.8%
TSLA TESLA INCIndustrials371.6K$138.1M4.2%-8.7%
NOW SERVICENOW INCTechnology1.1M$118.7M3.6%Held
NTSK NETSKOPE INC-CL ATechnology11.0M$93.0M2.8%New
SNOW SNOWFLAKE INCTechnology535.0K$80.7M2.4%-32.9%
CHYM CHIME FINANCIAL INC-CL AFinancials4.2M$78.3M2.4%-5.4%
TTAN SERVICETITAN INC-ATechnology1.2M$78.0M2.4%Held
KLAR KLARNA GROUP PLCFinancials5.3M$68.9M2.1%Held
CRDO CREDO TECHNOLOGY GROUP HOLDITechnology664.1K$62.3M1.9%+16.5%
Z ZILLOW GROUP INC - CServices media1.3M$52.3M1.6%-36.7%
SNDK SANDISK CORPTechnology62.9K$40.0M1.2%New
CART MAPLEBEAR INCServices media280.0K$10.5M0.3%Held
FIG FIGMA INC-CL ATechnology60.0K$1.3M0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202621$3.30B canonicalSEC ↗
Q4 202513F-HRFeb 13, 202620$4.39B canonicalSEC ↗
Q3 202513F-HR/ARESTATEMENTFeb 13, 202624$5.12B canonicalSEC ↗
Q3 202513F-HRNov 14, 202524$5.43B SEC ↗
Q2 202513F-HRAug 14, 202520$4.77B canonicalSEC ↗
Q1 202513F-HRMay 15, 202515$3.47B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202523$5.41B canonicalSEC ↗
Q3 202413F-HRNov 14, 202415$4.59B canonicalSEC ↗
Q2 202413F-HRAug 14, 202419$5.12B canonicalSEC ↗
Q1 202413F-HRMay 15, 202419$5.28B canonicalSEC ↗