Foxhaven Asset Management, LP

Hedge Fund • Long/Short

Foxhaven Asset Management, LP is a Long/Short Hedge Fund based in Charlottesville, VA led by Michael (Nmn) Gennaro, reporting $5.8B in AUM as of Q3 2025 with 43% Consumer Cyclical concentration and 79% concentrated in top 10 holdings.

CFOMichael (Nmn) Gennaro

Portfolio Value: $4.0B
Positions: 19
Top Holding: AMZN at 12.59%
Last Reported: Q3 2025

Address550 E Water Street, Suite 888, Charlottesville, VA, 22902, United States

Top Holdings

Largest long holdings in Foxhaven Asset Management, LP's portfolio (78.8% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Amazon AMZN	Specialty Retail Consumer Cyclical	$503.4M	12.59%	+$8.4M Bought	0.02% 2.3M shares	Q4 2013 Held for 11y 11m
2 Mercado Libre MELI	Specialty Retail Consumer Cyclical	$467.4M	11.69%	-$14.1M Sold	0.39% 200.0K shares	Q2 2017 Held for 8y 5m
3 Coupang CPNG	Specialty Retail Consumer Cyclical	$344.7M	8.62%	-$9.8M Sold	0.59% 10.7M shares	Q1 2021 Held for 4y 8m
4 Roblox RBLX	Electronic Gaming & Multimedia Technology	$341.2M	8.53%	-$74.6M Sold	0.36% 2.5M shares	Q3 2024 Held for 1y 2m
5 Ferguson Enterprises FERG	Industrial - Distribution Industrials	$340.9M	8.53%	-$9.7M Sold	0.76% 1.5M shares	Q4 2022 Held for 2y 11m
6 Hilton Worldwide HLT	Travel Lodging Consumer Cyclical	$305.7M	7.65%	-$8.5M Sold	0.50% 1.2M shares	Q4 2016 Held for 8y 11m
7 Microsoft MSFT	Software - Infrastructure Technology	$260.7M	6.52%	-$43.6M Sold	0.01% 503.4K shares	Q1 2023 Held for 2y 8m
8 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$241.6M	6.04%	-$117.6M Sold	0.01% 991.9K shares	Q3 2023 Held for 2y 2m
9 Visa V	Financial - Credit Services Financial Services	$183.5M	4.59%	+$51.2M Bought	0.03% 537.5K shares	Q1 2020 Held for 5y 8m
10 Duolingo DUOL	Software - Application Technology	$160.9M	4.02%	+$23.7M Bought	1.09% 499.9K shares	Q3 2021 Held for 4y 2m

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GthenH

Changes

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

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GthenC

Market Value

$4.0B

Prior: $4.1B

Q/Q Change

-3.54%

-$146.7M

Net Flows % of MV

-9.13%

Turnover Ratio

10.47%

New Purchases

1 stocks

$122.4M

Added To

4 stocks

+$99.4M

Sold Out Of

1 stocks

$136.5M

Reduced Holdings

13 stocks

-$450.4M

Increased Positions

Position	Shares Δ	Change
1 Wix.com WIX	New	0 → 689.0K +$122.4M
2 Visa V	+38.65%	387.7K → 537.5K +$51.2M
3 Aurora Innovation, Inc. AUR	+33.56%	8.9M → 11.9M +$16.1M
4 Duolingo DUOL	+17.31%	426.1K → 499.9K +$23.7M
5 Amazon AMZN	+1.71%	2.3M → 2.3M +$8.4M

Decreased Positions

Position	Shares Δ	Change
1 Atlassian TEAM	Sold	671.9K → 0 −$136.5M
2 Affirm Holdings, Inc. AFRM	-33.29%	2.9M → 1.9M −$70.5M
3 Alphabet Inc. GOOG	-32.75%	1.5M → 991.9K −$117.6M
4 Booking Holdings Inc. BKNG	-28.62%	15.9K → 11.3K −$24.5M
5 Shopify SHOP	-22.25%	1.4M → 1.1M −$44.7M