Technology Crossover Management X, Ltd.
Long book
$781.3M
Q1 2026
Positions
6
Top-10 weight
100%
concentration
Last quarter
+3.3%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsTechnology Crossover Management X, Ltd. is a diversified fundamental manager, specialised in financials (93% of the long book), running a $781.3M 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: NU HOLDINGS LTD/CAYMAN ISL-A, ROCKET COS INC-CLASS A, KLARNA GROUP PLC, GITLAB INC-CL A, PELOTON INTERACTIVE INC-A.
Over the last 9 quarters its long book ran on average 2.4pp per quarter behind the S&P 500, beating the index in 5 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
+6.3%
Q2 2024
+8.0%
Q3 2024
-23.0%
Q4 2024
-1.7%
Q1 2025
+31.0%
Q2 2025
+16.7%
Q3 2025
-0.2%
Q4 2025
-22.0%
Q1 2026
+3.3%
Sector allocation
Financials 93%
Technology 6%
Other 1%
Long book by quarter
What does Technology Crossover own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 42.6M | $611.8M | 78.3% | Held |
| RKT ROCKET COS INC-CLASS A | Financials | 4.5M | $63.4M | 8.1% | Held |
| KLAR KLARNA GROUP PLC | Financials | 3.8M | $50.3M | 6.4% | Held |
| GTLB GITLAB INC-CL A | Technology | 1.9M | $41.6M | 5.3% | Held |
| PTON PELOTON INTERACTIVE INC-A | Other | 2.5M | $10.9M | 1.4% | Held |
| GDRX GOODRX HOLDINGS INC-CLASS A | Technology | 1.7M | $3.2M | 0.4% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 6 | $781.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 6 | $1.00B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 7 | $1.19B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 6 | $896.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 6 | $684.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 6 | $698.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 6 | $1.09B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 6 | $1.01B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 6 | $953.7M | canonical | SEC ↗ |