Valiant Capital Management, L.P.
Long book
$1.27B
Q1 2026
Positions
28
Top-10 weight
73%
concentration
Last quarter
+18.1%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsValiant Capital Management, L.P. is an institutional manager, running a $1.27B US long book across 28 positions.
The portfolio is concentrated: the top 10 names carry 73% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, ISHARES RUSSELL 2000 ETF, CORE SCIENTIFIC INC, GE VERNOVA INC, SOLARIS ENERGY INFRASTRUCTUR.
Over the last 9 quarters its long book ran on average 3.5pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.3%
Q2 2024
+8.7%
Q3 2024
+10.8%
Q4 2024
-10.1%
Q1 2025
+32.0%
Q2 2025
+8.5%
Q3 2025
+0.5%
Q4 2025
+0.9%
Q1 2026
+18.1%
Sector allocation
Industrials 29%
Technology 21%
Financials 14%
Consumer discretionary 10%
Services media 9%
Healthcare 9%
Energy 8%
Long book by quarter
What does Valiant Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CORZ CORE SCIENTIFIC INC | Financials | 6.9M | $102.5M | 8.1% | +8.1% |
| GEV GE VERNOVA INC | Industrials | 94.6K | $82.5M | 6.5% | -7.0% |
| SEI SOLARIS ENERGY INFRASTRUCTUR | Industrials | 1.1M | $63.3M | 5.0% | +52.4% |
| PUMP PROPETRO HOLDING CORP | Energy | 4.0M | $58.3M | 4.6% | +10.2% |
| GRDN GUARDIAN PHRMCY SERVICES-A | Healthcare | 1.2M | $44.7M | 3.5% | -3.7% |
| RH RH | Consumer discretionary | 301.3K | $42.1M | 3.3% | +64.8% |
| AVGO BROADCOM INC | Technology | 126.6K | $39.2M | 3.1% | -8.8% |
| TKO TKO GROUP HOLDINGS INC | Services media | 180.1K | $36.3M | 2.9% | -8.5% |
| PWR QUANTA SERVICES INC | Industrials | 65.5K | $35.9M | 2.8% | -7.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 155.4K | $32.4M | 2.5% | Held |
| AGX ARGAN INC | Industrials | 59.2K | $32.3M | 2.5% | -55.9% |
| MSFT MICROSOFT CORP | Technology | 66.4K | $24.6M | 1.9% | -8.6% |
| TTWO TAKE-TWO INTERACTIVE SOFTWRE | Technology | 122.1K | $24.1M | 1.9% | -8.5% |
| NVDA NVIDIA CORP | Technology | 129.6K | $22.6M | 1.8% | -8.7% |
| LLY ELI LILLY & CO | Healthcare | 24.3K | $22.3M | 1.8% | -8.4% |
| Z ZILLOW GROUP INC - C | Services media | 473.3K | $19.6M | 1.5% | +48.6% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 44.6K | $17.4M | 1.4% | -8.6% |
| CRM SALESFORCE INC | Technology | 85.3K | $15.9M | 1.3% | -8.6% |
| WLDN WILLDAN GROUP INC | Services media | 143.3K | $11.0M | 0.9% | -6.0% |
| CRDO CREDO TECHNOLOGY GROUP HOLDI | Technology | 93.4K | $8.8M | 0.7% | -8.3% |
| NOW SERVICENOW INC | Technology | 82.9K | $8.7M | 0.7% | -8.6% |
| UBER UBER TECHNOLOGIES INC | Services media | 59.5K | $4.3M | 0.3% | Held |
| PSIX POWER SOLUTIONS INTERNATIONA | Industrials | 69.4K | $4.2M | 0.3% | +71.7% |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 100.0K | $2.9M | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 34 | $1.74B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 33 | $1.77B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 32 | $1.45B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 34 | $1.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 35 | $1.37B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 33 | $1.58B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 32 | $1.81B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 34 | $1.88B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 33 | $1.58B | canonical | SEC ↗ |
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