Nicholas Investment Partners, LP

CIK

1389574

Location

RANCHO SANTA FE, CA

Portfolio Value

Mid $1,202,852,713

Diversification

Diversified

Filing Date

Global Rank

#1,352 / 8,232 ▲ 132

Top Industry

Biotechnology 18.7%

3Y Alpha vs SPY

-4.4%

Period ended 2 months ago

Filed May 15, 2026 · 29d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+58.3%

SPY

+76.5%

Annualised alpha

-4.3%

Max drawdown

−28.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

174 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.5%

+0.6 pts

Top 5

13.5%

−0.0 pts

Top 10

22.8%

+0.2 pts

HHI

120

Diversified+4

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	28.7%	$345,651,514	35
Technology	20.0%	$240,088,368	43
Healthcare	19.5%	$234,473,362	31
Consumer Cyclical	9.8%	$117,597,670	21
Energy	7.7%	$92,029,441	11
Financial Services	5.5%	$66,416,150	15
Consumer Defensive	2.5%	$30,016,924	5
Real Estate	2.4%	$28,961,497	5
Basic Materials	1.9%	$22,669,720	3
Communication Services	1.3%	$15,146,441	3
Utilities	0.8%	$9,801,626	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
GAP	Gap Inc	+152,449	208,656	$5,049,475
LIND	Lindblad Expeditions Holdings, Inc.	+152,160	198,716	$3,437,786
VIAV	Viavi Solutions Inc.	+63,099	187,375	$6,235,840
VRDN	Viridian Therapeutics, Inc.DE	+57,175	124,257	$2,430,466
IDYA	IDEAYA Biosciences, Inc.	+55,789	248,202	$8,270,090
TFII	TFI International Inc.	+47,631	133,620	$14,515,140
COP	Conocophillips	+42,500	62,500	$8,250,000
MOD	Modine Manufacturing Co	+36,077	106,134	$23,000,299
JOBY	Joby Aviation, Inc.	+21,951	394,080	$3,255,100
ASND	Ascendis Pharma A/S	+20,602	26,867	$6,145,288
CHRW	C. H. Robinson Worldwide, Inc.	+19,044	22,663	$3,763,644
APGE	Apogee Therapeutics, Inc.	+18,068	130,992	$11,025,596
AS	Amer Sports, Inc.	+17,582	39,480	$1,299,681
TXRH	Texas Roadhouse, Inc.	+15,601	20,828	$3,439,535
BBIO	BridgeBio Pharma, Inc.	+14,227	298,909	$22,196,982
LRCX	Lam Research Corp	+12,993	24,537	$5,242,575
SAIA	Saia Inc	+10,392	12,610	$4,429,640
SMTC	Semtech Corp	+7,922	72,321	$5,560,761
ROST	Ross Stores, Inc.	+7,732	12,023	$2,604,542
ABVX	Abivax S.A.	+7,138	90,206	$10,044,438
SITM	SITIME Corp	+6,614	26,792	$9,252,617
SARO	StandardAero, Inc.	+4,565	11,552	$298,388
ONTO	Onto Innovation Inc.	+4,448	28,543	$5,853,313
NFLX	Netflix Inc	+4,169	10,805	$1,038,900
XENE	Xenon Pharmaceuticals Inc.	+4,112	247,101	$14,368,923
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MIR	Mirion Technologies, Inc.	−592,382	49,278	$916,078
LC	LendingClub Corp	−442,721	266,485	$3,816,065
SHOO	Steven Madden, Ltd.	−230,911	191,164	$6,484,282
UEC	Uranium Energy Corp	−209,590	222,702	$3,006,477
WULF	Terawulf Inc.	−153,394	64,273	$927,459
TERN	Terns Pharmaceuticals, Inc.	−140,634	25,147	$1,325,749
ANF	Abercrombie & Fitch Co /De/	−109,532	20,665	$1,888,161
WAL	Western Alliance Bancorporation	−90,533	16,987	$1,203,528
NAMS	NewAmsterdam Pharma Co N.V.	−88,283	125,136	$4,005,603
GH	Guardant Health, Inc.	−86,430	11,786	$1,088,672
PL	Planet Labs PBC	−82,918	337,923	$9,444,947
PARR	Par Pacific Holdings, Inc.	−82,751	250,787	$15,709,297
MIRM	Mirum Pharmaceuticals, Inc.	−82,088	131,303	$12,129,771
RVMD	Revolution Medicines, Inc.	−56,545	261,166	$25,398,393
COGT	Cogent Biosciences, Inc.	−55,906	95,160	$3,662,708
APLD	Applied Digital Corp.	−55,863	46,530	$1,104,622
SKYW	Skywest Inc	−52,217	62,870	$5,773,352
VERA	Vera Therapeutics, Inc.	−48,878	95,932	$3,859,344
CORZ	Core Scientific, Inc./tx	−47,817	64,260	$961,329
SKT	Tanger Inc.	−41,846	408,826	$13,891,907
BAC	Bank Of America Corp /De/	−37,780	177,313	$8,644,008
RSI	Rush Street Interactive, Inc.	−37,520	542,656	$11,802,768
KYMR	Kymera Therapeutics, Inc.	−28,441	27,347	$2,277,731
SNOW	Snowflake Inc.	−18,601	1,648	$248,551
ALAB	Astera Labs, Inc.	−18,144	27,107	$2,970,927
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
STRL	Sterling Infrastructure, Inc.	49,688	$20,236,431
LINC	Lincoln Educational Services Corp	459,509	$18,692,826
CALY	Callaway Golf Co	1,125,984	$15,628,657
AEIS	Advanced Energy Industries Inc	40,359	$13,024,252
NXT	Nextpower Inc.	60,683	$7,315,335
ELVN	Enliven Therapeutics, Inc.	182,728	$7,162,937
AGX	Argan Inc	11,262	$6,133,848
CHEF	Chefs' Warehouse, Inc.	90,904	$5,404,242
MP	MP Materials Corp. / DE	103,045	$4,972,951
MWH	SOLV Energy, Inc.	164,049	$4,926,391
IDCC	InterDigital, Inc.	16,237	$4,903,574
DAL	Delta Air Lines, Inc.	70,000	$4,653,600
AAOI	Applied Optoelectronics, Inc.	52,988	$4,482,254
U	Unity Software Inc.	196,073	$4,301,841
DNTH	Dianthus Therapeutics, Inc. /DE/	51,250	$4,300,900
SRRK	Scholar Rock Holding Corp	82,511	$4,056,240
DSGX	Descartes Systems Group Inc	52,405	$3,750,101
OFRM	Once Upon a Farm, PBC	210,881	$3,447,904
PVLA	Palvella Therapeutics, Inc.	27,603	$3,440,713
FLS	Flowserve Corp	45,329	$3,332,134
COMP	Compass, Inc.	423,892	$3,098,650
PCOR	Procore Technologies, Inc.	48,234	$2,749,338
CELC	Celcuity Inc.	22,243	$2,538,816
TGT	Target Corp	18,124	$2,196,628
UCTT	Ultra Clean Holdings, Inc.	34,852	$2,167,097
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
WING	Wingstop Inc.	58,694	$13,997,932
NCLH	Norwegian Cruise Line Holdings Ltd.	457,913	$10,220,618
APPF	Appfolio Inc	39,591	$9,210,846
LEU	Centrus Energy Corp	20,433	$4,960,315
RCUS	Arcus Biosciences, Inc.	204,338	$4,869,374
WWW	Wolverine World Wide Inc /De/	258,067	$4,683,916
CWK	Cushman & Wakefield Ltd.	286,254	$4,634,452
ZETA	Zeta Global Holdings Corp.	224,867	$4,576,043
ARES	Ares Management Corp	25,622	$4,141,283
PIPR	Piper Sandler Companies	46,905	$3,983,524
IRON	Disc Medicine, Inc.	48,082	$3,818,191
RYTM	Rhythm Pharmaceuticals, Inc.	34,710	$3,715,358
GTLS	Chart Industries Inc	17,276	$3,562,829
WYNN	Wynn Resorts Ltd	20,297	$2,442,338
FULC	Fulcrum Therapeutics, Inc.	182,961	$2,069,288
PANW	Palo Alto Networks Inc	8,845	$1,629,249
OLMA	Olema Pharmaceuticals, Inc.	64,757	$1,618,925
NMRK	Newmark Group, Inc.	70,232	$1,217,822
ZS	Zscaler, Inc.	5,387	$1,211,644
OKLO	Oklo Inc.	16,496	$1,183,752
BCS	Barclays PLC	45,279	$1,152,350
AFRM	Affirm Holdings, Inc.	8,495	$632,282
DKS	Dick's Sporting Goods, Inc.	3,082	$610,143
ORCL	Oracle Corp	2,755	$536,977
PODD	Insulet Corp	1,862	$529,254
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

174 positions · $1,202,852,713 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 174 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BWXT	BWX Technologies, Inc. Industrials	Added	261,867	+1,033	$53,549,182	+18.8%	4.45%
INSM	INSMED Inc Healthcare	Added	182,540	+2,130	$29,848,940	−4.9%	2.48%
KTOS	Kratos Defense & Security Solutions, Inc. Industrials	Reduced	390,924	-1,108	$27,564,051	−7.4%	2.29%
GEV	GE Vernova Inc. Industrials	Held	30,410	0	$26,544,889	+33.6%	2.21%
RVMD	Revolution Medicines, Inc. Healthcare	Reduced	261,166	-56,545	$25,398,393	+0.4%	2.11%
EMBJ	Embraer S.A. Industrials	Reduced	427,288	-1,684	$25,355,269	−8.2%	2.11%
MOD	Modine Manufacturing Co Consumer Cyclical	Added	106,134	+36,077	$23,000,299	+145.9%	1.91%
BBIO	BridgeBio Pharma, Inc. Healthcare	Added	298,909	+14,227	$22,196,982	+1.9%	1.85%
NVDA	Nvidia Corp Technology	Reduced	118,347	-3,496	$20,639,716	−9.2%	1.72%
STRL	Sterling Infrastructure, Inc. Industrials	NEW	49,688	NEW	$20,236,431	NEW	1.68%
CCJ	Cameco Corp Energy	Held	173,449	0	$18,838,295	+18.7%	1.57%
LINC	Lincoln Educational Services Corp Consumer Defensive	NEW	459,509	NEW	$18,692,826	NEW	1.55%
XOM	Exxon Mobil Corp Energy	Held	105,500	0	$17,899,130	+41.0%	1.49%
CENX	Century Aluminum Co Basic Materials	Added	292,402	+1,442	$17,161,073	+50.5%	1.43%
CRS	Carpenter Technology Corp Industrials	Reduced	41,756	-34	$16,458,127	+25.1%	1.37%
NUVL	Nuvalent, Inc. Healthcare	Reduced	159,721	-762	$16,363,416	+1.4%	1.36%
WTFC	Wintrust Financial Corp Financial Services	Reduced	116,841	-749	$16,233,888	−1.3%	1.35%
AVGO	Broadcom Inc. Technology	Reduced	52,405	-16,356	$16,219,871	−31.8%	1.35%
PARR	Par Pacific Holdings, Inc. Energy	Reduced	250,787	-82,751	$15,709,297	+34.0%	1.31%
CALY	Callaway Golf Co Consumer Cyclical	NEW	1,125,984	NEW	$15,628,657	NEW	1.30%
FTAI	FTAI Aviation Ltd. Industrials	Added	62,674	+852	$15,355,130	+26.2%	1.28%
BE	Bloom Energy Corp Industrials	Reduced	111,549	-567	$15,113,774	+55.1%	1.26%
AMZN	Amazon Com Inc Consumer Cyclical	Added	70,348	+1,023	$14,651,377	−8.4%	1.22%
TFII	TFI International Inc. Industrials	Added	133,620	+47,631	$14,515,140	+63.3%	1.21%
XENE	Xenon Pharmaceuticals Inc. Healthcare	Added	247,101	+4,112	$14,368,923	+31.9%	1.19%
SKT	Tanger Inc. Real Estate	Reduced	408,826	-41,846	$13,891,907	−7.6%	1.15%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	41,062	+3,390	$13,876,902	+21.2%	1.15%
AXSM	Axsome Therapeutics, Inc. Healthcare	Reduced	81,478	-10,086	$13,771,411	−17.7%	1.14%
MPWR	Monolithic Power Systems Inc Technology	Added	12,029	+117	$13,151,907	+21.8%	1.09%
LSCC	Lattice Semiconductor Corp Technology	Reduced	140,631	-10,741	$13,044,931	+17.1%	1.08%
AEIS	Advanced Energy Industries Inc Industrials	NEW	40,359	NEW	$13,024,252	NEW	1.08%
SPHR	Sphere Entertainment Co. Communication Services	Reduced	108,750	-645	$12,767,250	+22.7%	1.06%
XPO	XPO, Inc. Industrials	Held	63,679	0	$12,388,749	+43.1%	1.03%
MIRM	Mirum Pharmaceuticals, Inc. Healthcare	Reduced	131,303	-82,088	$12,129,771	−28.0%	1.01%
RSI	Rush Street Interactive, Inc. Consumer Cyclical	Reduced	542,656	-37,520	$11,802,768	+4.7%	0.98%
FN	Fabrinet Technology	Reduced	21,815	-5,856	$11,376,958	−9.7%	0.95%
APGE	Apogee Therapeutics, Inc. Healthcare	Added	130,992	+18,068	$11,025,596	+29.4%	0.92%
RKLB	Rocket Lab Corp Industrials	Reduced	171,517	-13,244	$11,014,821	−14.5%	0.92%
GS	Goldman Sachs Group Inc Financial Services	Held	13,000	0	$10,997,870	−3.8%	0.91%
MTSI	MACOM Technology Solutions Holdings, Inc. Technology	Reduced	49,523	-15,680	$10,997,572	−1.5%	0.91%
ROAD	Construction Partners, Inc. Industrials	Added	97,032	+3,922	$10,782,195	+6.7%	0.90%
ABVX	Abivax S.A. Healthcare	Added	90,206	+7,138	$10,044,438	−10.3%	0.84%
POWL	Powell Industries Inc Industrials	Added	18,520	+14	$10,020,801	+69.9%	0.83%
PL	Planet Labs PBC Industrials	Reduced	337,923	-82,918	$9,444,947	+13.8%	0.79%
SITM	SITIME Corp Technology	Added	26,792	+6,614	$9,252,617	+29.8%	0.77%
SPG	Simon Property Group Inc. Real Estate	Held	49,290	0	$9,194,063	+0.8%	0.76%
MSFT	Microsoft Corp Technology	Reduced	24,364	-10,102	$9,018,821	−45.9%	0.75%
WMB	Williams Companies, Inc. Energy	Held	123,075	0	$8,957,398	+21.1%	0.74%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	177,313	-37,780	$8,644,008	−26.9%	0.72%
OSIS	Osi Systems Inc Technology	Reduced	31,553	-17,066	$8,377,637	−32.4%	0.70%