Valiant Capital Management, L.P.

CIK

1452689

Location

San Francisco, CA

Portfolio Value

Mid $1,457,072,758

Diversification

Diversified

Filing Date

Global Rank

#1,426 / 8,623 ▼ 21 · as of Mar 2026

Top Industry

Software - Infrastructure 19.5%

3Y Alpha vs SPY

+17.3%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

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

+145.9%

SPY

+65.3%

Annualised alpha

+16.7%

Max drawdown

−24.7%

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 63% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

15.5%

−6.8 pts

Top 5

55.4%

−0.1 pts

Top 10

73.0%

+3.6 pts

HHI

785

Diversified−106

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	32.8%	$478,082,469	10
Unclassified	15.5%	$225,229,650	1
Consumer Cyclical	14.0%	$204,659,151	2
Industrials	11.6%	$168,869,664	6
Financial Services	9.0%	$131,247,752	4
Energy	8.3%	$121,522,643	2
Healthcare	4.6%	$67,027,074	2
Communication Services	4.1%	$60,434,355	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
CORZ	Core Scientific, Inc./tx	+3,092,601	13,259,025	$198,355,014
AMZN	Amazon Com Inc	+625,000	780,404	$162,534,741
SEI	Solaris Energy Infrastructure, Inc.	+385,004	1,119,503	$63,263,114
PUMP	ProPetro Holding Corp.	+374,173	4,042,993	$58,259,529
RH	Rh	+118,511	301,276	$42,124,410
SPY	Spdr S&P 500 ETF Trust	+109,000	346,326	$225,229,650
PSIX	Power Solutions International, Inc.	+28,987	69,388	$4,224,341
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
HDB	Hdfc Bank Ltd	−95,800	1,026,232	$25,532,652
AGX	Argan Inc	−75,030	59,243	$32,266,699
GRDN	Guardian Pharmacy Services, Inc.	−45,805	1,186,658	$44,689,540
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−38,900	409,300	$138,322,935
TKO	TKO Group Holdings, Inc.	−16,800	180,117	$36,320,593
NVDA	Nvidia Corp	−12,400	129,579	$22,598,577
AVGO	Broadcom Inc.	−12,200	126,602	$39,184,585
TTWO	Take Two Interactive Software Inc	−11,400	122,095	$24,113,762
WLDN	Willdan Group, Inc.	−9,200	143,331	$10,973,421
CRDO	Credo Technology Group Holding Ltd	−8,500	93,353	$8,763,046
CRM	Salesforce, Inc.	−8,000	85,336	$15,929,671
NOW	ServiceNow, Inc.	−7,800	82,866	$8,663,640
GEV	GE Vernova Inc.	−7,080	94,557	$82,538,805
MSFT	Microsoft Corp	−6,240	66,415	$24,584,840
PWR	Quanta Services, Inc.	−4,920	65,461	$35,939,398
CRWD	CrowdStrike Holdings, Inc.	−4,200	44,576	$17,402,916
LLY	ELI LILLY & Co	−2,240	24,286	$22,337,534
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
APO	Apollo Global Management, Inc.	430,000	$47,910,600
CG	Carlyle Group Inc.	800,000	$38,712,000
ARES	Ares Management Corp	175,000	$19,092,500
FPS	Forgent Power Solutions, Inc.	100,000	$2,927,000
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	560,000	$344,013,600
GLD	Spdr Gold Trust	106,100	$42,048,491
VST	Vistra Corp.	178,927	$28,866,292
NFLX	Netflix Inc	185,880	$17,428,108
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

29 tracked positions · $1,457,072,758 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	346,326	+109,000	$225,229,650	+39.2%	15.46%
CORZ	Core Scientific, Inc./tx CALL + SHARES Technology	Reduced	13,259,025	-10,027,701	$198,355,014	−41.5%	13.61%
AMZN	Amazon Com Inc CALL + SHARES Consumer Cyclical	Added	780,404	+625,000	$162,534,741	+353.1%	11.15%
TSM	Taiwan Semiconductor Manufacturing Co Ltd CALL Technology	Reduced	409,300	-38,900	$138,322,935	+1.6%	9.49%
GEV	GE Vernova Inc. Industrials	Reduced	94,557	-7,080	$82,538,805	+24.3%	5.66%
SEI	Solaris Energy Infrastructure, Inc. Energy	Added	1,119,503	+385,004	$63,263,114	+87.4%	4.34%
PUMP	ProPetro Holding Corp. Energy	Added	4,042,993	+374,173	$58,259,529	+67.0%	4.00%
APO	Apollo Global Management, Inc. PUT Financial Services	NEW	430,000	NEW	$47,910,600	NEW	3.29%
GRDN	Guardian Pharmacy Services, Inc. Healthcare	Reduced	1,186,658	-45,805	$44,689,540	+20.5%	3.07%
RH	Rh Consumer Cyclical	Added	301,276	+118,511	$42,124,410	+28.7%	2.89%
AVGO	Broadcom Inc. Technology	Reduced	126,602	-12,200	$39,184,585	−18.4%	2.69%
CG	Carlyle Group Inc. PUT Financial Services	NEW	800,000	NEW	$38,712,000	NEW	2.66%
TKO	TKO Group Holdings, Inc. Communication Services	Reduced	180,117	-16,800	$36,320,593	−11.7%	2.49%
PWR	Quanta Services, Inc. Industrials	Reduced	65,461	-4,920	$35,939,398	+21.0%	2.47%
AGX	Argan Inc Industrials	Reduced	59,243	-75,030	$32,266,699	−23.3%	2.21%
HDB	Hdfc Bank Ltd Financial Services	Reduced	1,026,232	-95,800	$25,532,652	−37.7%	1.75%
MSFT	Microsoft Corp Technology	Reduced	66,415	-6,240	$24,584,840	−30.0%	1.69%
TTWO	Take Two Interactive Software Inc Communication Services	Reduced	122,095	-11,400	$24,113,762	−29.4%	1.65%
NVDA	Nvidia Corp Technology	Reduced	129,579	-12,400	$22,598,577	−14.7%	1.55%
LLY	ELI LILLY & Co Healthcare	Reduced	24,286	-2,240	$22,337,534	−21.6%	1.53%
ARES	Ares Management Corp PUT Financial Services	NEW	175,000	NEW	$19,092,500	NEW	1.31%
CRWD	CrowdStrike Holdings, Inc. Technology	Reduced	44,576	-4,200	$17,402,916	−23.9%	1.19%
CRM	Salesforce, Inc. Technology	Reduced	85,336	-8,000	$15,929,671	−35.6%	1.09%
WLDN	Willdan Group, Inc. Industrials	Reduced	143,331	-9,200	$10,973,421	−30.6%	0.75%
CRDO	Credo Technology Group Holding Ltd Technology	Reduced	93,353	-8,500	$8,763,046	−40.2%	0.60%
NOW	ServiceNow, Inc. Technology	Reduced	82,866	-7,800	$8,663,640	−37.6%	0.59%
UBER	Uber Technologies, Inc Technology	Held	59,464	0	$4,277,245	−12.0%	0.29%
PSIX	Power Solutions International, Inc. Industrials	Added	69,388	+28,987	$4,224,341	+83.0%	0.29%
FPS	Forgent Power Solutions, Inc. Industrials	NEW	100,000	NEW	$2,927,000	NEW	0.20%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.