ALKEON CAPITAL MANAGEMENT LLC

Hedge Fund • Long/Short

ALKEON CAPITAL MANAGEMENT LLC is a Long/Short Hedge Fund based in New York, NY led by Jennifer Wendy Shufro, managing $22.0B across 80 long positions as of Q3 2025 with 38% Technology concentration.

Managing PartnerJennifer Wendy Shufro

Portfolio Value: $22.0B
Positions: 80
Top Holding: META at 6.88%
Last Reported: Q3 2025

Address350 Madison Avenue, 20th Floor, New York, NY, 10017, United States

Top Holdings

Largest long holdings in ALKEON CAPITAL MANAGEMENT LLC's portfolio (46.7% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.5B	6.88%	-$61.0M Sold	0.08% 2.1M shares	Q1 2014 Held for 11y 8m
2 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$1.5B	6.68%	-$83.8M Sold	— 5.3M shares	Q1 2025 Held for 8 months
3 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$1.4B	6.41%	-$688.0M Sold	0.05% 5.8M shares	≤ Q2 2013 Held for 12y 5m+
4 Amazon AMZN	Specialty Retail Consumer Cyclical	$1.3B	6.02%	-$54.9M Sold	0.06% 6.0M shares	Q2 2016 Held for 9y 5m
5 Microsoft MSFT	Software - Infrastructure Technology	$1.0B	4.65%	+$129.5M Bought	0.03% 2.0M shares	Q4 2015 Held for 9y 11m
6 Lam Research LRCX	Semiconductors Technology	$859.7M	3.91%	-$279.0M Sold	0.51% 6.4M shares	Q2 2014 Held for 11y 5m
7 KLA Corporation KLAC	Semiconductors Technology	$766.2M	3.48%	-$291.2M Sold	0.54% 710.4K shares	Q2 2017 Held for 8y 5m
8 Analog Devices ADI	Semiconductors Technology	$691.4M	3.14%	—	0.57% 2.8M shares	Q4 2014 Held for 10y 11m
9 Oracle ORCL	Software - Infrastructure Technology	$646.2M	2.94%	-$62.6M Sold	0.08% 2.3M shares	Q2 2025 Held for 5 months
10 Cadence Design Systems CDNS	Software - Application Technology	$570.1M	2.59%	—	0.60% 1.6M shares	Q4 2014 Held for 10y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in ALKEON CAPITAL MANAGEMENT LLC's latest filing

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Market Value

$22.0B

Prior: $20.6B

Q/Q Change

+6.94%

+$1.4B

Net Flows % of MV

-4.51%

Turnover Ratio

8.28%

New Purchases

6 stocks

$457.1M

Added To

11 stocks

+$837.5M

Sold Out Of

7 stocks

$306.7M

Reduced Holdings

22 stocks

-$2.0B

Increased Positions

Position	Shares Δ	Change
1 CRH CRH	New	0 → 1.8M +$209.8M
2 Vertiv Holdings Co VRT	New	0 → 720.0K +$108.6M
3 Madrigal Pharmaceuticals, Inc. MDGL	New	0 → 120.0K +$55.0M
4 Argan AGX	New	0 → 120.0K +$32.4M
5 NIQ Nuveen Intermediate Duration Quality Municipal Term Fund NIQ	New	0 → 1.8M +$28.9M

Decreased Positions

Position	Shares Δ	Change
1 BABA Alibaba Group Holding Limited BABA	Sold	1.6M → 0 −$184.3M
2 Ultragenyx Pharmaceutical RARE	Sold	1.7M → 0 −$61.3M
3 Okta, Inc. OKTA	Sold	380.0K → 0 −$38.0M
4 Applied Materials AMAT	Sold	45.0K → 0 −$8.2M
5 SONY Sony Group Corporation SONY	Sold	275.0K → 0 −$7.2M

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Analytics

Portfolio insights and performance metrics for ALKEON CAPITAL MANAGEMENT LLC

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Sector Allocation

Technology

38.20%

Consumer Cyclical

15.50%

Communication Services

13.30%

Financial Services

8.10%

Industrials

6.60%

Basic Materials

5.60%

Utilities

4.80%

ETF

2.30%

Healthcare

1.90%

Real Estate

1.20%

Market Cap Distribution

Mega Cap (> $200B)

33.89%

Large Cap ($10B - $200B)

52.78%

Mid Cap ($2B - $10B)

2.01%

Small Cap ($300M - $2B)

0.50%

Micro Cap ($50M - $300M)

0.01%

N/A (ETF or Unknown)

10.81%

Portfolio Concentration

Top 10 Holdings %

46.71%

Top 20 Holdings %

68.87%

Top 50 Holdings %

95.08%

Top 100 Holdings %

100.0%