Technology Crossover Management VIII, Ltd.
Long book
$298.4M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+17.7%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsTechnology Crossover Management VIII, Ltd. is a diversified fundamental manager, specialised in services_media (100% of the long book), running a $298.4M US long book across 5 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: PAYONEER GLOBAL INC, ZILLOW GROUP INC - C, ZILLOW GROUP INC - A, NERDY INC, RENT THE RUNWAY INC-A.
Over the last 9 quarters its long book ran on average 2.2pp 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
+13.2%
Q2 2024
+24.8%
Q3 2024
+24.3%
Q4 2024
-19.2%
Q1 2025
-2.1%
Q2 2025
-1.6%
Q3 2025
-9.2%
Q4 2025
-27.3%
Q1 2026
+17.7%
Sector allocation
Services media 100%
Consumer discretionary 0%
Long book by quarter
What does Technology Crossover own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PAYO PAYONEER GLOBAL INC | Services media | 34.2M | $165.2M | 55.3% | Held |
| Z ZILLOW GROUP INC - C | Services media | 2.7M | $113.2M | 37.9% | Held |
| ZG ZILLOW GROUP INC - A | Services media | 384.3K | $15.9M | 5.3% | Held |
| NRDY NERDY INC | Services media | 3.9M | $3.2M | 1.1% | Held |
| RENT RENT THE RUNWAY INC-A | Consumer discretionary | 197.5K | $944K | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 5 | $298.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 5 | $410.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 5 | $452.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 5 | $459.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 6 | $469.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 5 | $581.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 6 | $929.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 6 | $891.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 6 | $899.9M | canonical | SEC ↗ |
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