Nicholas Investment Partners, LP

CIK

1389574

Location

RANCHO SANTA FE, CA

Portfolio Value

Mid $1,210,379,338

Diversification

Diversified

Filing Date

Global Rank

#1,597 / 8,622 ▲ 53 · as of Mar 2026

Top Industry

Biotechnology 18.6%

3Y Alpha vs SPY

-2.2%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+56.8%

SPY

+67.9%

Annualised alpha

-2.7%

Max drawdown

−28.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

4.4%

+0.6 pts

Top 5

13.5%

+0.0 pts

Top 10

22.7%

+0.3 pts

HHI

119

Diversified+3

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	28.6%	$345,651,514	35
Technology	19.8%	$240,088,368	43
Healthcare	19.4%	$234,473,362	31
Consumer Cyclical	9.7%	$117,597,670	21
Energy	7.6%	$92,029,441	11
Financial Services	6.1%	$73,942,775	16
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
PIPR	Piper Sandler Companies	+51,418	98,323	$7,526,625
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
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
HAPN	Happen, Inc.	−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
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
XYL	Xylem Inc.	3,184	$433,597
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

175 positions · $1,210,379,338 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 175 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%	4.42%
INSM	INSMED Inc Healthcare	Added	182,540	+2,130	$29,848,940	−4.9%	2.47%
KTOS	Kratos Defense & Security Solutions, Inc. Industrials	Reduced	390,924	-1,108	$27,564,051	−7.4%	2.28%
GEV	GE Vernova Inc. Industrials	Held	30,410	0	$26,544,889	+33.6%	2.19%
RVMD	Revolution Medicines, Inc. Healthcare	Reduced	261,166	-56,545	$25,398,393	+0.4%	2.10%
EMBJ	Embraer S.A. Industrials	Reduced	427,288	-1,684	$25,355,269	−8.2%	2.09%
MOD	Modine Manufacturing Co Consumer Cyclical	Added	106,134	+36,077	$23,000,299	+145.9%	1.90%
BBIO	BridgeBio Pharma, Inc. Healthcare	Added	298,909	+14,227	$22,196,982	+1.9%	1.83%
NVDA	Nvidia Corp Technology	Reduced	118,347	-3,496	$20,639,716	−9.2%	1.71%
STRL	Sterling Infrastructure, Inc. Industrials	NEW	49,688	NEW	$20,236,431	NEW	1.67%
CCJ	Cameco Corp Energy	Held	173,449	0	$18,838,295	+18.7%	1.56%
LINC	Lincoln Educational Services Corp Consumer Defensive	NEW	459,509	NEW	$18,692,826	NEW	1.54%
XOM	ExxonMobil Holdings Corp Energy	Held	105,500	0	$17,899,130	+41.0%	1.48%
CENX	Century Aluminum Co Basic Materials	Added	292,402	+1,442	$17,161,073	+50.5%	1.42%
CRS	Carpenter Technology Corp Industrials	Reduced	41,756	-34	$16,458,127	+25.1%	1.36%
NUVL	Nuvalent, Inc. Healthcare	Reduced	159,721	-762	$16,363,416	+1.4%	1.35%
WTFC	Wintrust Financial Corp Financial Services	Reduced	116,841	-749	$16,233,888	−1.3%	1.34%
AVGO	Broadcom Inc. Technology	Reduced	52,405	-16,356	$16,219,871	−31.8%	1.34%
PARR	Par Pacific Holdings, Inc. Energy	Reduced	250,787	-82,751	$15,709,297	+34.0%	1.30%
CALY	Callaway Golf Co Consumer Cyclical	NEW	1,125,984	NEW	$15,628,657	NEW	1.29%
FTAI	FTAI Aviation Ltd. Industrials	Added	62,674	+852	$15,355,130	+26.2%	1.27%
BE	Bloom Energy Corp Industrials	Reduced	111,549	-567	$15,113,774	+55.1%	1.25%
AMZN	Amazon Com Inc Consumer Cyclical	Added	70,348	+1,023	$14,651,377	−8.4%	1.21%
TFII	TFI International Inc. Industrials	Added	133,620	+47,631	$14,515,140	+63.3%	1.20%
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%	1.05%
XPO	XPO, Inc. Industrials	Held	63,679	0	$12,388,749	+43.1%	1.02%
MIRM	Mirum Pharmaceuticals, Inc. Healthcare	Reduced	131,303	-82,088	$12,129,771	−28.0%	1.00%
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%	0.94%
APGE	Apogee Therapeutics, Inc. Healthcare	Added	130,992	+18,068	$11,025,596	+29.4%	0.91%
RKLB	Rocket Lab Corp Industrials	Reduced	171,517	-13,244	$11,014,821	−14.5%	0.91%
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%	0.89%
ABVX	Abivax S.A. Healthcare	Added	90,206	+7,138	$10,044,438	−10.3%	0.83%
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%	0.78%
SITM	SITIME Corp Technology	Added	26,792	+6,614	$9,252,617	+29.8%	0.76%
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%	0.71%
OSIS	Osi Systems Inc Technology	Reduced	31,553	-17,066	$8,377,637	−32.4%	0.69%