Bayesian Capital Management, LP

Hedge Fund • Quant

Bayesian Capital Management, LP is a Quant Hedge Fund led by Velin Krassimirov Tzanov, reporting $1.0B in AUM as of Q3 2025 with MSFT as the largest holding (1% allocation).

Managing PartnerVelin Krassimirov Tzanov

Portfolio Value: $489.3M
Positions: 501
Top Holding: MSFT at 1.29%
Last Reported: Q3 2025

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Top Holdings

Largest long holdings in Bayesian Capital Management, LP's portfolio (10.5% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Microsoft MSFT	Software - Infrastructure Technology	$6.3M	1.29%	+$6.3M Bought	0.00% 12.2K shares	Q3 2025 Held for 2 months
2 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$6.0M	1.23%	+$6.0M Bought	0.00% 8.2K shares	Q1 2025 Held for 8 months
3 Boston Scientific BSX	Medical - Devices Healthcare	$5.4M	1.10%	+$5.4M Bought	0.00% 55.2K shares	Q4 2019 Held for 5y 11m
4 Accenture ACN	Information Technology Services Technology	$5.4M	1.09%	+$5.4M Bought	0.00% 21.7K shares	Q3 2025 Held for 2 months
5 CoreWeave, Inc. CRWV	Software - Infrastructure Technology	$5.0M	1.02%	+$5.0M New	0.01% 36.3K shares	Q3 2025 Held for 2 months
6 Robinhood Markets, Inc. HOOD	Software - Infrastructure Technology	$4.9M	0.99%	+$4.9M Bought	0.00% 34.0K shares	Q3 2025 Held for 2 months
7 Expedia Group, Inc. EXPE	Travel Services Consumer Cyclical	$4.8M	0.98%	+$4.8M Bought	0.02% 22.5K shares	Q1 2025 Held for 8 months
8 UnitedHealth Group UNH	Medical - Healthcare Plans Healthcare	$4.8M	0.98%	+$4.8M Bought	0.00% 13.9K shares	Q1 2023 Held for 2y 8m
9 Idexx Laboratories IDXX	Medical - Diagnostics & Research Healthcare	$4.6M	0.94%	+$4.0M Bought	0.01% 7.2K shares	Q3 2024 Held for 1y 2m
10 F5, Inc. FFIV	Software - Infrastructure Technology	$4.3M	0.87%	+$3.5M Bought	0.02% 13.2K shares	Q2 2023 Held for 2y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Bayesian Capital Management, LP's latest filing

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Market Value

$489.3M

Prior: $633.8M

Q/Q Change

-22.8%

-$144.5M

Net Flows % of MV

-97.45%

Turnover Ratio

91.99%

New Purchases

18 stocks

$11.7M

Added To

61 stocks

+$51.3M

Sold Out Of

354 stocks

$394.9M

Reduced Holdings

95 stocks

-$144.9M

Increased Positions

Position	Shares Δ	Change
1 CoreWeave, Inc. CRWV	New	0 → 36.3K +$5.0M
2 ServiceTitan, Inc. TTAN	New	0 → 13.4K +$1.4M
3 CCC CCC Intelligent Solutions Holdings Inc. CCC	New	0 → 137.1K +$1.2M
4 FTAI Aviation Ltd. FTAI	New	0 → 3.4K +$567.3K
5 V2X VVX	New	0 → 7.4K +$427.9K

Decreased Positions

Position	Shares Δ	Change
1 Nike NKE	Sold	208.7K → 0 −$14.8M
2 Oracle ORCL	Sold	47.0K → 0 −$10.3M
3 MongoDB MDB	Sold	40.5K → 0 −$8.5M
4 Palantir Technologies Inc. PLTR	Sold	58.4K → 0 −$8.0M
5 Veeva Systems VEEV	Sold	26.6K → 0 −$7.7M

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Analytics

Portfolio insights and performance metrics for Bayesian Capital Management, LP

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Sector Allocation

Technology

26.20%

Consumer Cyclical

14.40%

Healthcare

14.40%

Industrials

13.40%

Financial Services

5.60%

Consumer Defensive

5.30%

Communication Services

5.00%

Energy

3.30%

Basic Materials

2.70%

Real Estate

2.10%

ETF

1.30%

Utilities

1.00%

Market Cap Distribution

Mega Cap (> $200B)

10.30%

Large Cap ($10B - $200B)

55.87%

Mid Cap ($2B - $10B)

23.60%

Small Cap ($300M - $2B)

4.05%

Micro Cap ($50M - $300M)

0.02%

Nano Cap (< $50M)

0.77%

N/A (ETF or Unknown)

5.38%

Portfolio Concentration

Top 10 Holdings %

10.5%

Top 20 Holdings %

18.33%

Top 50 Holdings %

35.17%

Top 100 Holdings %

54.59%