Technology Crossover Management IX, Ltd.
Long book
$752.2M
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
-5.5%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsTechnology Crossover Management IX, Ltd. is a diversified fundamental manager, specialised in technology (81% of the long book), running a $752.2M US long book across 6 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: SPORTRADAR GROUP AG-A, ZILLOW GROUP INC - C, LEGALZOOMCOM INC, TRIPADVISOR INC, PELOTON INTERACTIVE INC-A.
Over the last 9 quarters its long book ran on average 3.5pp per quarter behind the S&P 500, beating the index in 4 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
-15.4%
Q2 2024
+7.0%
Q3 2024
+31.9%
Q4 2024
+13.5%
Q1 2025
+20.0%
Q2 2025
+2.1%
Q3 2025
-11.1%
Q4 2025
-33.3%
Q1 2026
-5.5%
Sector allocation
Technology 81%
Services media 17%
Other 2%
Long book by quarter
What does Technology Crossover own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SRAD SPORTRADAR GROUP AG-A | Technology | 29.2M | $488.9M | 65.0% | Held |
| Z ZILLOW GROUP INC - C | Services media | 3.0M | $126.1M | 16.8% | Held |
| LZ LEGALZOOMCOM INC | Technology | 16.4M | $93.0M | 12.4% | Held |
| TRIP TRIPADVISOR INC | Technology | 2.3M | $24.3M | 3.2% | Held |
| PTON PELOTON INTERACTIVE INC-A | Other | 3.7M | $15.8M | 2.1% | Held |
| ZG ZILLOW GROUP INC - A | Services media | 100.0K | $4.1M | 0.6% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 6 | $752.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 6 | $1.13B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 6 | $1.27B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 6 | $1.24B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 6 | $1.15B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 6 | $1.01B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 6 | $767.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 6 | $717.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 6 | $848.0M | canonical | SEC ↗ |