Penserra Capital Management LLC

ETF Provider

Penserra Capital Management LLC is an ETF Provider based in Phoenix, AZ led by George Nmn Madrigal, reporting $11.5B in AUM as of Q3 2025 with 61% Technology concentration and 61% technology allocation.

CEOGeorge Nmn Madrigal

Portfolio Value: $7.4B
Positions: 932
Top Holding: AVGO at 3.88%
Last Reported: Q3 2025

Address5050 North 40th Street, Suite 340, Phoenix, AZ, 85018, United States

Top Holdings

Largest long holdings in Penserra Capital Management LLC's portfolio (20.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Broadcom Inc. AVGO	Semiconductors Technology	$285.7M	3.88%	-$25.5M Sold	0.02% 866.1K shares	Q2 2018 Held for 7y 5m
2 Cisco Systems, Inc. CSCO	Communication Equipment Technology	$170.2M	2.31%	-$6.0M Sold	0.06% 2.5M shares	Q4 2015 Held for 9y 11m
3 Northrop Grumman NOC	Aerospace & Defense Industrials	$156.6M	2.13%	-$10.1M Sold	0.18% 257.0K shares	Q3 2018 Held for 7y 2m
4 Cloudflare, Inc. NET	Software - Infrastructure Technology	$144.8M	1.97%	-$15.7M Sold	0.19% 674.8K shares	Q3 2020 Held for 5y 2m
5 CrowdStrike Holdings, Inc. CRWD	Software - Infrastructure Technology	$143.2M	1.94%	+$15.5M Bought	0.12% 291.9K shares	Q3 2020 Held for 5y 2m
6 Palo Alto Networks, Inc. PANW	Software - Infrastructure Technology	$136.1M	1.85%	+$4.5M Bought	0.10% 668.3K shares	Q4 2015 Held for 9y 11m
7 General Dynamics GD	Aerospace & Defense Industrials	$123.0M	1.67%	-$15.6M Sold	0.13% 360.8K shares	Q4 2022 Held for 2y 11m
8 Fortinet FTNT	Software - Infrastructure Technology	$114.0M	1.55%	+$20.8M Bought	0.18% 1.4M shares	Q4 2017 Held for 7y 11m
9 Zscaler ZS	Software - Infrastructure Technology	$106.6M	1.45%	-$3.1M Sold	0.22% 355.6K shares	Q3 2020 Held for 5y 2m
10 CyberArk Software CYBR	Software - Infrastructure Technology	$102.6M	1.39%	-$22.1M Sold	0.42% 212.3K shares	Q1 2024 Held for 1y 8m

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Changes

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

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Market Value

$7.4B

Prior: $6.3B

Q/Q Change

+16.56%

+$1.0B

Net Flows % of MV

+6.37%

Turnover Ratio

9.96%

New Purchases

36 stocks

$55.2M

Added To

481 stocks

+$859.3M

Sold Out Of

79 stocks

$69.0M

Reduced Holdings

215 stocks

-$376.2M

Increased Positions

Position	Shares Δ	Change
1 Vanguard Total International Stock VXUS	New	0 → 475.8K +$35.0M
2 Innodata INOD	New	0 → 50.3K +$3.9M
3 FLY Fly Leasing FLY	New	0 → 126.2K +$3.7M
4 Voyager Technologies, Inc. VOYG	New	0 → 119.0K +$3.5M
5 CMRC Commerce.com, Inc. Series 1 Common Stock CMRC	New	0 → 641.8K +$3.2M

Decreased Positions

Position	Shares Δ	Change
1 Juniper Networks JNPR	Sold	800.3K → 0 −$29.5M
2 BigCommerce Holdings, Inc. BIGC	Sold	665.1K → 0 −$3.3M
3 TSS TSSI	Sold	99.9K → 0 −$2.9M
4 Argan AGX	Sold	13.0K → 0 −$2.9M
5 Box BOX	Sold	73.7K → 0 −$2.5M

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Analytics

Portfolio insights and performance metrics for Penserra Capital Management LLC

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Sector Allocation

Technology

61.30%

ETF

23.00%

Industrials

6.80%

Communication Services

2.00%

Real Estate

1.80%

Consumer Cyclical

1.70%

Financial Services

1.70%

Healthcare

0.90%

Energy

0.20%

Basic Materials

0.20%

Consumer Defensive

0.10%

Utilities

0.10%

Market Cap Distribution

Mega Cap (> $200B)

14.25%

Large Cap ($10B - $200B)

41.65%

Mid Cap ($2B - $10B)

12.52%

Small Cap ($300M - $2B)

6.63%

Micro Cap ($50M - $300M)

0.24%

Nano Cap (< $50M)

1.67%

N/A (ETF or Unknown)

23.04%

Portfolio Concentration

Top 10 Holdings %

20.14%

Top 20 Holdings %

31.59%

Top 50 Holdings %

55.49%

Top 100 Holdings %

78.06%