Alkeon Capital Management (Panayotis Sparaggis) latest 13F portfolio: 109 holdings worth $25.9B as of Q2 2026.
Backtested since 2020: mirroring Alkeon Capital Management's reported 13F equity holdings each quarter would have returned +168.9% versus +186.7%for the S&P 500 (+16.9% annualized). See the Performance tab for the full equity curve.
Investor: Panayotis Sparaggis
Number of Assets: 109
Reporting Period: Q2 - 2026
Holdings at Report: $25,928,630,301
Return $ Since Report: -$2,380,588,797
Return % Since Report: -9.18%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alibaba Group Holding Limited (BABA) | Equity | +140.00% | 1,200,000 | 0.44% | $95.98 | $115.75 | $115,176,001 | $138,900,000 | +$23,723,999 | +20.60% |
| Amazon.com Inc. (AMZN) | Equity | -27.47% | 5,808,299 | 5.34% | $238.34 | $258.45 | $1,384,349,988 | $1,501,154,877 | +$116,804,889 | +8.44% |
| Apple Inc. (AAPL) | Equity | -98.47% | 56,627 | 0.06% | $289.36 | $338.98 | $16,385,589 | $19,195,420 | +$2,809,831 | +17.15% |
| Chipotle Mexican Grill Inc. (CMG) | Equity | 0% | 500,289 | 0.07% | $34.00 | $33.14 | $17,009,826 | $16,579,577 | -$430,249 | -2.53% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | +5.62% | 9,398,535 | 0.29% | $8.12 | $8.20 | $76,316,104 | $77,067,987 | +$751,883 | +0.99% |
| Hinge Health Inc. (HNGE) | Equity | -32.56% | 466,104 | 0.15% | $83.00 | $94.45 | $38,686,632 | $44,023,523 | +$5,336,891 | +13.80% |
| Ishares Semiconductor ETF (SOXX) | Equity | +19.47% | 371,200 | 0.92% | $640.76 | $559.34 | $237,850,112 | $207,627,008 | -$30,223,104 | -12.71% |
| Jfrog Ltd. (FROG) | Equity | 0% | 14,425 | 0.01% | $90.88 | $92.00 | $1,310,944 | $1,327,100 | +$16,156 | +1.23% |
| Nisource Inc. (NI) | Equity | 0% | 3,365,500 | 0.62% | $47.55 | $40.52 | $160,029,525 | $136,370,060 | -$23,659,465 | -14.78% |
| Paylocity Holding Corp. (PCTY) | Equity | 0% | 24,683 | 0.01% | $104.53 | $144.42 | $2,580,114 | $3,564,719 | +$984,605 | +38.16% |
| S&P Global Inc. (SPGI) | Equity | 0% | 190,416 | 0.30% | $407.26 | $404.47 | $77,548,820 | $77,017,560 | -$531,260 | -0.69% |
| The Tjx Companies Inc. (TJX) | Equity | 0% | 2,799,971 | 1.64% | $151.50 | $130.96 | $424,195,607 | $366,684,202 | -$57,511,405 | -13.56% |
| Vulcan Materials Company (VMC) | Equity | 0% | 1,478,646 | 1.68% | $295.01 | $246.20 | $436,215,365 | $364,042,645 | -$72,172,720 | -16.55% |
| Cadence Design Systems Inc. (CDNS) | Equity | 0% | 1,622,874 | 2.35% | $375.32 | $294.90 | $609,097,088 | $478,585,543 | -$130,511,545 | -21.43% |
| CRH PLC (CRH) | Equity | -0.17% | 2,046,550 | 0.84% | $107.00 | $87.14 | $218,980,850 | $178,336,367 | -$40,644,483 | -18.56% |
| Entergy Corp. (ETR) | Equity | +0.45% | 3,341,012 | 1.48% | $114.86 | $101.58 | $383,748,638 | $339,379,999 | -$44,368,639 | -11.56% |
| Intel Corp. (INTC) | Equity | -99.74% | 18,320 | 0.01% | $139.63 | $121.78 | $2,558,022 | $2,231,010 | -$327,012 | -12.78% |
| Iren Limited (IREN) | Equity | +10.00% | 550,000 | 0.10% | $45.73 | $47.23 | $25,151,500 | $25,976,500 | +$825,000 | +3.28% |
| Ishares 20+ Year Treasury Bond ETF (TLT) | Equity | -9.39% | 463,000 | 0.15% | $86.42 | $81.80 | $40,012,460 | $37,873,400 | -$2,139,060 | -5.35% |
| KLA Corp. (KLAC) | Equity | +381.38% | 3,759,150 | 4.37% | $301.71 | $183.97 | $1,134,173,147 | $691,570,826 | -$442,602,322 | -39.02% |
| Madrigal Pharmaceuticals Inc. (MDGL) | Equity | 0% | 80,000 | 0.17% | $536.95 | $521.96 | $42,956,000 | $41,756,800 | -$1,199,200 | -2.79% |
| Meta Platforms Inc. (META) | Equity | -9.32% | 1,945,399 | 4.23% | $563.29 | $741.25 | $1,095,823,819 | $1,442,017,282 | +$346,193,463 | +31.59% |
| Nvidia Corp. (NVDA) | Equity | -95.87% | 439,459 | 0.34% | $200.09 | $227.38 | $87,931,351 | $99,924,187 | +$11,992,836 | +13.64% |
| Quanta Services Inc. (PWR) | Equity | 0% | 400,983 | 1.11% | $720.04 | $642.61 | $288,723,799 | $257,675,686 | -$31,048,113 | -10.75% |
| Silicon Motion Technology Corp. (SIMO) | Equity | +100% | 1,100,000 | 1.41% | $333.33 | $269.00 | $366,663,000 | $295,900,000 | -$70,763,000 | -19.30% |
| Standardaero Inc. (SARO) | Equity | -29.12% | 852,019 | 0.10% | $29.91 | $22.88 | $25,483,889 | $19,494,195 | -$5,989,694 | -23.50% |
| Twilio Inc. (TWLO) | Equity | +26.94% | 2,335,700 | 1.86% | $206.33 | $266.06 | $481,924,981 | $621,436,342 | +$139,511,361 | +28.95% |
| Alto Neuroscience Inc. (ANRO) | Equity | -55.04% | 102,101 | 0.01% | $26.39 | $30.63 | $2,694,445 | $3,127,354 | +$432,909 | +16.07% |
| Analog Devices Inc. (ADI) | Equity | +0.10% | 2,069,083 | 3.17% | $397.17 | $383.00 | $821,777,707 | $792,458,789 | -$29,318,918 | -3.57% |
| Astera Labs Inc. (ALAB) | Equity | 0% | 200,000 | 0.37% | $483.02 | $340.74 | $96,604,000 | $68,148,000 | -$28,456,000 | -29.46% |
| Bwx Technologies Inc. (BWXT) | Equity | +16.29% | 2,022,748 | 1.52% | $194.65 | $147.47 | $393,727,902 | $298,294,648 | -$95,433,254 | -24.24% |
| Constellation Energy Corp. (CEG) | Equity | -6.55% | 1,284,739 | 1.23% | $248.37 | $262.11 | $319,090,625 | $336,742,939 | +$17,652,314 | +5.53% |
| Lowe'S Companies Inc. (LOW) | Equity | 0% | 213,594 | 0.18% | $220.49 | $190.98 | $47,095,341 | $40,792,182 | -$6,303,159 | -13.38% |
| Mercadolibre Inc. (MELI) | Equity | -39.34% | 109,499 | 0.72% | $1,697.39 | $1,820.47 | $185,862,440 | $199,339,645 | +$13,477,205 | +7.25% |
| Navan INC (NAVN) | Equity | -18.67% | 2,185,278 | 0.19% | $22.87 | $21.53 | $49,977,308 | $47,049,035 | -$2,928,273 | -5.86% |
| Nvent Electric PLC (NVT) | Equity | +100% | 1,217,317 | 0.80% | $169.61 | $159.44 | $206,469,137 | $194,089,022 | -$12,380,115 | -6.00% |
| SS&C Technologies Holdings Inc. (SSNC) | Equity | 0% | 1,764,916 | 0.42% | $62.05 | $80.40 | $109,513,036 | $141,899,246 | +$32,386,210 | +29.57% |
| Transdigm Group Inc. (TDG) | Equity | 0% | 149,078 | 0.77% | $1,332.04 | $1,109.65 | $198,577,846 | $165,424,403 | -$33,153,443 | -16.70% |
| Vertiv Holdings Co (VRT) | Equity | -43.17% | 1,421,980 | 1.84% | $334.82 | $250.86 | $476,107,343 | $356,717,903 | -$119,389,440 | -25.08% |
| Yum! Brands Inc. (YUM) | Equity | 0% | 465,603 | 0.29% | $159.86 | $139.33 | $74,431,298 | $64,872,466 | -$9,558,832 | -12.84% |
| Advanced Micro Devices Inc. (AMD) | Equity | -99.77% | 4,510 | 0.01% | $580.91 | $615.52 | $2,619,904 | $2,775,995 | +$156,091 | +5.96% |
| ASML Holding N.V. (ASML) | Equity | -99.54% | 825 | 0.01% | $1,989.44 | $1,711.32 | $1,641,288 | $1,411,839 | -$229,449 | -13.98% |
| The Carlyle Group Inc. (CG) | Equity | 0% | 5,941,316 | 0.96% | $42.11 | $40.86 | $250,188,817 | $242,762,172 | -$7,426,645 | -2.97% |
| Expedia Group Inc. (EXPE) | Equity | -26.26% | 1,825,276 | 1.80% | $255.88 | $281.02 | $467,051,623 | $512,939,062 | +$45,887,439 | +9.82% |
| Lam Research Corp. (LRCX) | Equity | -41.17% | 3,050,456 | 5.10% | $433.33 | $302.28 | $1,321,854,098 | $922,091,840 | -$399,762,258 | -30.24% |
| Martin Marietta Materials Inc. (MLM) | Equity | -16.06% | 627,351 | 1.40% | $576.70 | $499.67 | $361,793,322 | $313,468,474 | -$48,324,848 | -13.36% |
| New Oriental Education & Technology Group Inc. (EDU) | Equity | 0% | 1,727,986 | 0.31% | $45.91 | $55.14 | $79,331,838 | $95,281,148 | +$15,949,310 | +20.10% |
| RTX Corp. (RTX) | Equity | -28.80% | 890,000 | 0.65% | $189.73 | $194.34 | $168,859,700 | $172,962,600 | +$4,102,900 | +2.43% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -63.63% | 3,536,218 | 6.51% | $477.57 | $445.14 | $1,688,791,630 | $1,574,112,081 | -$114,679,549 | -6.79% |
| Uipath Inc. (PATH) | Equity | 0% | 2,611,276 | 0.11% | $10.87 | $13.59 | $28,384,570 | $35,487,241 | +$7,102,671 | +25.02% |
| Vistra Corp. (VST) | Equity | -23.56% | 1,946,357 | 1.19% | $158.63 | $140.78 | $308,750,611 | $274,008,138 | -$34,742,473 | -11.25% |
| Alphabet Inc. (GOOGL) | Equity | -27.13% | 3,686,368 | 5.08% | $357.37 | $354.97 | $1,317,397,332 | $1,308,550,049 | -$8,847,283 | -0.67% |
| Amphenol Corp. (APH) | Equity | +24.11% | 5,731,348 | 3.90% | $176.32 | $80.72 | $1,010,551,279 | $462,634,411 | -$547,916,868 | -54.22% |
| Applied Materials Inc. (AMAT) | Equity | +100% | 1,504,800 | 4.20% | $723.00 | $464.24 | $1,087,970,422 | $698,588,352 | -$389,382,070 | -35.79% |
| Burlington Stores Inc. (BURL) | Equity | +7.34% | 585,000 | 0.71% | $316.80 | $251.80 | $185,328,000 | $147,303,000 | -$38,025,000 | -20.52% |
| Cintas Corp. (CTAS) | Equity | 0% | 401,539 | 0.26% | $170.08 | $196.88 | $68,293,751 | $79,054,998 | +$10,761,247 | +15.76% |
| Doordash Inc. (DASH) | Equity | -66.47% | 933,210 | 0.66% | $184.53 | $193.83 | $172,205,241 | $180,884,094 | +$8,678,853 | +5.04% |
| GE Aerospace (GE) | Equity | -54.29% | 320,000 | 0.46% | $373.73 | $319.01 | $119,593,600 | $102,083,200 | -$17,510,400 | -14.64% |
| Intercontinental Exchange Inc. (ICE) | Equity | 0% | 1,800,310 | 0.85% | $123.11 | $155.37 | $221,636,163 | $279,714,165 | +$58,078,002 | +26.20% |
| Invesco QQQ Trust (QQQ) | Equity | -93.15% | 1,608,257 | 4.57% | $736.40 | $741.47 | $1,184,320,455 | $1,192,474,318 | +$8,153,863 | +0.69% |
| Mastercard Inc. (MA) | Equity | 0% | 778,465 | 1.54% | $513.60 | $567.65 | $399,819,665 | $441,895,657 | +$42,075,992 | +10.52% |
| Microchip Technology Inc. (MCHP) | Equity | -97.06% | 206,000 | 0.07% | $91.20 | $74.78 | $18,787,200 | $15,404,680 | -$3,382,520 | -18.00% |
| Canadian Pacific Kansas City Limited (CP) | Equity | 0% | 2,004,000 | 0.67% | $86.65 | $86.81 | $173,646,600 | $173,967,240 | +$320,640 | +0.18% |
| Dlocal Limited (DLO) | Equity | 0% | 823,837 | 0.04% | $13.00 | $14.31 | $10,705,762 | $11,789,107 | +$1,083,345 | +10.12% |
| Equinix Inc. (EQIX) | Equity | +42.78% | 333,775 | 1.34% | $1,042.39 | $1,057.26 | $347,923,723 | $352,886,957 | +$4,963,233 | +1.43% |
| Oric Pharmaceuticals Inc. (ORIC) | Equity | -16.98% | 3,739,096 | 0.16% | $10.83 | $12.67 | $40,494,410 | $47,374,346 | +$6,879,936 | +16.99% |
| Ross Stores Inc. (ROST) | Equity | 0% | 472,635 | 0.39% | $212.85 | $231.25 | $100,600,360 | $109,296,844 | +$8,696,484 | +8.64% |
| SPDR Dow Jones Industrial Average ETF Trust (DIA) | Equity | 0% | 119,700 | 0.24% | $522.39 | $519.78 | $62,530,083 | $62,217,666 | -$312,417 | -0.50% |
| Synopsys Inc. (SNPS) | Equity | -19.01% | 1,270,948 | 2.19% | $446.07 | $401.85 | $566,931,774 | $510,730,454 | -$56,201,320 | -9.91% |
| Teradyne Inc. (TER) | Equity | -22.46% | 2,163,010 | 4.04% | $483.84 | $381.54 | $1,046,550,777 | $825,274,835 | -$221,275,942 | -21.14% |
| Uber Technologies Inc. (UBER) | Equity | +12.30% | 4,336,005 | 1.21% | $72.16 | $70.84 | $312,886,121 | $307,162,594 | -$5,723,527 | -1.83% |
| Visa Inc. (V) | Equity | 0% | 1,468,618 | 1.94% | $343.09 | $369.95 | $503,868,156 | $543,315,229 | +$39,447,073 | +7.83% |
| Microsoft Corp. (MSFT) | Equity | -29.14% | 851,176 | 1.22% | $373.02 | $501.61 | $317,505,682 | $426,958,393 | +$109,452,711 | +34.47% |
| Mks Instruments Inc. (MKSI) | Equity | +100% | 1,072,040 | 1.84% | $444.80 | $256.92 | $476,843,392 | $275,428,517 | -$201,414,875 | -42.24% |
| Nokia Oyj (NOK) | Equity | +100% | 36,000,000 | 1.84% | $13.28 | $10.94 | $478,080,000 | $393,840,000 | -$84,240,000 | -17.62% |
| The Sherwin-Williams Company (SHW) | Equity | 0% | 306,735 | 0.41% | $344.32 | $321.31 | $105,615,002 | $98,557,023 | -$7,057,979 | -6.68% |
| Spotify Technology S.A. (SPOT) | Equity | +100% | 204,000 | 0.36% | $459.13 | $516.77 | $93,662,520 | $105,421,080 | +$11,758,560 | +12.55% |
| Toast Inc. (TOST) | Equity | 0% | 1,238,096 | 0.13% | $27.82 | $29.80 | $34,443,831 | $36,895,261 | +$2,451,430 | +7.12% |
| X-energy INC (XE) | Equity | +100% | 1,000,000 | 0.07% | $18.36 | $16.37 | $18,360,000 | $16,370,000 | -$1,990,000 | -10.84% |
| Broadcom Inc. (AVGO) | Call | +100% | 2,600,000 | N/A | $377.75 | N/A | $982,150,000 | N/A | N/A | N/A |
| Intel Corporation (INTC) | Call | +100% | 7,000,000 | N/A | $139.63 | N/A | $977,410,035 | N/A | N/A | N/A |
| KLA Corporation (KLAC) | Put | +100% | 2,000,000 | N/A | $301.71 | N/A | $603,419,982 | N/A | N/A | N/A |
| Nvidia Corporation (NVDA) | Put | +100% | 210,000 | N/A | $200.09 | N/A | $42,018,899 | N/A | N/A | N/A |
| Apple Inc. (AAPL) | Call | +100% | 2,999,100 | N/A | $289.36 | N/A | $867,819,532 | N/A | N/A | N/A |
| Nvidia Corporation (NVDA) | Call | +100% | 8,025,000 | N/A | $200.09 | N/A | $1,605,722,220 | N/A | N/A | N/A |
| Lam Research Corporation (LRCX) | Put | +100% | 2,250,000 | N/A | $433.33 | N/A | $974,992,470 | N/A | N/A | N/A |
| Advanced Micro Devices Inc. (AMD) | Call | +100% | 2,000,000 | N/A | $580.91 | N/A | $1,161,819,946 | N/A | N/A | N/A |
| Arm Holdings PLC (ARM) | Call | +100% | 2,211,900 | N/A | $354.57 | N/A | $784,273,399 | N/A | N/A | N/A |
| Corning Incorporated (GLW) | Call | +100% | 1,020,000 | N/A | $255.43 | N/A | $260,538,593 | N/A | N/A | N/A |
| Grayscale Bitcoin Trust ETF (GBTC) | Call | +100% | 1,200,000 | N/A | $45.52 | N/A | $54,624,001 | N/A | N/A | N/A |
| Invesco QQQ Trust (QQQ) | Call | +100% | 600,000 | N/A | $736.40 | N/A | $441,840,015 | N/A | N/A | N/A |
| Invesco QQQ Trust (QQQ) | Put | +100% | 22,880,000 | N/A | $736.40 | N/A | $16,848,832,558 | N/A | N/A | N/A |
| Microsoft Corporation (MSFT) | Call | +100% | 1,950,000 | N/A | $373.02 | N/A | $727,388,978 | N/A | N/A | N/A |
| Shopify Inc. (SHOP) | Call | +100% | 4,500,000 | N/A | $114.18 | N/A | $513,810,001 | N/A | N/A | N/A |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Call | +100% | 1,500,000 | N/A | $477.57 | N/A | $716,355,011 | N/A | N/A | N/A |
| Amazon.com Inc. (AMZN) | Call | +100% | 1,000,000 | N/A | $238.34 | N/A | $238,339,996 | N/A | N/A | N/A |
| Booking Holdings Inc. (BKNG) | Call | +100% | 3,100,000 | N/A | $178.24 | N/A | $552,544,017 | N/A | N/A | N/A |
| Hilton Worldwide Holdings Inc. (HLT) | Call | +100% | 1,185,000 | N/A | $330.46 | N/A | $391,595,090 | N/A | N/A | N/A |
| Palantir Technologies Inc. (PLTR) | Call | +100% | 5,000,000 | N/A | $116.67 | N/A | $583,349,990 | N/A | N/A | N/A |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Put | +100% | 150,000 | N/A | $477.57 | N/A | $71,635,501 | N/A | N/A | N/A |
| Tesla Inc. (TSLA) | Call | +100% | 1,350,000 | N/A | $420.60 | N/A | $567,810,008 | N/A | N/A | N/A |
| Las Vegas Sands Corp. (LVS) | Call | +100% | 1,520,000 | N/A | $46.19 | N/A | $70,208,798 | N/A | N/A | N/A |
| Doordash Inc. (DASH) | Call | +100% | 2,070,000 | N/A | $184.53 | N/A | $381,977,098 | N/A | N/A | N/A |
| Marriott International Inc. (MAR) | Call | +100% | 985,000 | N/A | $370.59 | N/A | $365,031,146 | N/A | N/A | N/A |
| Microchip Technology Incorporated (MCHP) | Call | +100% | 11,892,000 | N/A | $91.20 | N/A | $1,084,550,363 | N/A | N/A | N/A |
| Microsoft Corporation (MSFT) | Put | +100% | 850,000 | N/A | $373.02 | N/A | $317,066,990 | N/A | N/A | N/A |
| SPDR Gold Shares (GLD) | Call | +100% | 300,000 | N/A | $368.38 | N/A | $110,514,001 | N/A | N/A | N/A |
| SPDR S&P 500 ETF Trust (SPY) | Put | +100% | 21,000,000 | N/A | $746.77 | N/A | $15,682,170,410 | N/A | N/A | N/A |
| Wynn Resorts Limited (WYNN) | Call | +100% | 1,650,000 | N/A | $97.09 | N/A | $160,198,494 | N/A | N/A | N/A |