Alkeon Capital Management (Panayotis Sparaggis) latest 13F portfolio: 90 holdings worth $59.5B as of Q1 2026.
Backtested since 2020: mirroring Alkeon Capital Management's reported 13F equity holdings each quarter would have returned +176.6% versus +185.2%for the S&P 500 (+17.8% annualized). See the Performance tab for the full equity curve.
Investor: Panayotis Sparaggis
Number of Assets: 90
Reporting Period: Q1 - 2026
Holdings at Report: $59,503,109,540
Return $ Since Report: +$10,928,902,691
Return % Since Report: +18.37%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alto Neuroscience Inc. (ANRO) | Equity | -52.40% | 227,101 | 0.01% | $22.48 | $27.55 | $5,105,230 | $6,256,633 | +$1,151,403 | +22.55% |
| Burlington Stores Inc. (BURL) | Equity | +3.81% | 545,000 | 0.30% | $325.38 | $369.21 | $177,332,100 | $201,219,450 | +$23,887,350 | +13.47% |
| Canadian Pacific Kansas City Limited (CP) | Equity | 0% | 2,004,000 | 0.26% | $78.66 | $91.27 | $157,634,640 | $182,895,060 | +$25,260,420 | +16.02% |
| Dlocal Limited (DLO) | Equity | 0% | 823,837 | 0.02% | $12.97 | $15.24 | $10,685,166 | $12,555,276 | +$1,870,110 | +17.50% |
| Entergy Corp. (ETR) | Equity | +21.56% | 3,326,012 | 0.63% | $112.36 | $106.50 | $373,710,709 | $354,220,278 | -$19,490,431 | -5.22% |
| Hinge Health Inc. (HNGE) | Equity | -12.64% | 691,104 | 0.04% | $38.56 | $88.99 | $26,648,970 | $61,501,345 | +$34,852,375 | +130.78% |
| Invesco QQQ Trust (QQQ) | Equity | +1551.04% | 23,477,477 | 22.77% | $577.18 | $722.50 | $13,550,730,013 | $16,962,477,133 | +$3,411,747,119 | +25.18% |
| Booking Holdings Inc. (BKNG) | Equity | +100% | 150,000 | 1.06% | $4,210.32 | $205.92 | $631,547,974 | $30,888,000 | -$600,659,974 | -95.11% |
| Amazon.com Inc. (AMZN) | Equity | +38.08% | 8,008,299 | 2.80% | $208.27 | $274.96 | $1,667,888,447 | $2,201,961,893 | +$534,073,446 | +32.02% |
| Analog Devices Inc. (ADI) | Equity | +2.39% | 2,067,083 | 1.11% | $318.14 | $376.04 | $657,621,795 | $777,295,556 | +$119,673,761 | +18.20% |
| Apple Inc. (AAPL) | Equity | +6414.78% | 3,689,127 | 1.57% | $253.79 | $308.62 | $936,263,517 | $1,138,538,375 | +$202,274,858 | +21.60% |
| ASML Holding N.V. (ASML) | Equity | +100% | 180,825 | 0.40% | $1,320.83 | $1,691.61 | $238,839,085 | $305,884,474 | +$67,045,389 | +28.07% |
| Cintas Corp. (CTAS) | Equity | +69.76% | 401,539 | 0.11% | $169.14 | $199.81 | $67,916,305 | $80,229,500 | +$12,313,195 | +18.13% |
| Expedia Group Inc. (EXPE) | Equity | 0% | 2,475,276 | 0.96% | $230.89 | $316.58 | $571,516,476 | $783,622,876 | +$212,106,400 | +37.11% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | -37.33% | 8,898,535 | 0.12% | $8.30 | $9.50 | $73,857,841 | $84,491,590 | +$10,633,749 | +14.40% |
| GE Aerospace (GE) | Equity | 0% | 700,000 | 0.33% | $283.77 | $381.99 | $198,639,000 | $267,393,000 | +$68,754,000 | +34.61% |
| Caterpillar Inc. (CAT) | Equity | +100% | 400,000 | 0.48% | $708.46 | $893.77 | $283,384,008 | $357,506,000 | +$74,121,992 | +26.16% |
| Ishares Semiconductor ETF (SOXX) | Equity | +61.32% | 310,700 | 0.17% | $328.66 | $534.97 | $102,114,662 | $166,215,179 | +$64,100,517 | +62.77% |
| Broadcom Inc. (AVGO) | Equity | +100% | 2,443,090 | 1.27% | $309.51 | $421.17 | $756,160,809 | $1,028,956,215 | +$272,795,406 | +36.08% |
| Bwx Technologies Inc. (BWXT) | Equity | +10.03% | 1,739,348 | 0.60% | $204.49 | $170.47 | $355,679,277 | $296,506,654 | -$59,172,623 | -16.64% |
| Cadence Design Systems Inc. (CDNS) | Equity | 0% | 1,622,874 | 0.76% | $277.87 | $338.01 | $450,948,013 | $548,547,641 | +$97,599,628 | +21.64% |
| CRH PLC (CRH) | Equity | +13.89% | 2,050,000 | 0.36% | $105.12 | $100.26 | $215,496,000 | $205,522,750 | -$9,973,250 | -4.63% |
| Doordash Inc. (DASH) | Equity | +136.18% | 2,783,210 | 0.70% | $150.15 | $205.80 | $417,898,972 | $572,784,618 | +$154,885,646 | +37.06% |
| Equinix Inc. (EQIX) | Equity | 0% | 233,775 | 0.39% | $980.24 | $1,042.06 | $229,155,606 | $243,607,577 | +$14,451,971 | +6.31% |
| Advanced Micro Devices Inc. (AMD) | Equity | +100% | 2,000,000 | 0.68% | $203.43 | $484.63 | $406,859,986 | $969,260,000 | +$562,400,014 | +138.23% |
| Alibaba Group Holding Limited (BABA) | Equity | +100% | 500,000 | 0.11% | $125.46 | $128.83 | $62,730,003 | $64,415,000 | +$1,684,997 | +2.69% |
| Alphabet Inc. (GOOGL) | Equity | -12.82% | 5,058,618 | 2.44% | $287.56 | $378.44 | $1,454,656,192 | $1,914,383,396 | +$459,727,204 | +31.60% |
| Amphenol Corp. (APH) | Equity | +23.32% | 4,617,948 | 0.98% | $126.35 | $174.21 | $583,477,730 | $804,469,631 | +$220,991,901 | +37.87% |
| Astera Labs Inc. (ALAB) | Equity | -38.46% | 200,000 | 0.04% | $109.60 | $332.12 | $21,920,000 | $66,424,000 | +$44,504,000 | +203.03% |
| Bitdeer Technologies Group (BTDR) | Equity | 0% | 475,000 | 0.01% | $8.65 | $11.50 | $4,108,750 | $5,460,125 | +$1,351,375 | +32.89% |
| Chipotle Mexican Grill Inc. (CMG) | Equity | 0% | 500,289 | 0.03% | $32.01 | $34.66 | $16,014,251 | $17,337,515 | +$1,323,264 | +8.26% |
| Constellation Energy Corp. (CEG) | Equity | +0.26% | 1,374,739 | 0.65% | $279.25 | $264.98 | $383,895,866 | $364,281,090 | -$19,614,776 | -5.11% |
| Iren Limited (IREN) | Equity | -37.50% | 500,000 | 0.03% | $34.28 | $40.04 | $17,140,000 | $20,020,000 | +$2,880,000 | +16.80% |
| Grayscale Bitcoin Trust ETF (GBTC) | Equity | +100% | 920,000 | 0.08% | $52.76 | $49.96 | $48,539,198 | $45,963,200 | -$2,575,998 | -5.31% |
| Hilton Worldwide Holdings Inc. (HLT) | Equity | +100% | 1,425,000 | 0.73% | $304.08 | $322.27 | $433,313,981 | $459,234,750 | +$25,920,769 | +5.98% |
| Intel Corp. (INTC) | Equity | +100% | 7,000,000 | 0.52% | $44.13 | $100.25 | $308,910,007 | $701,750,000 | +$392,839,993 | +127.17% |
| Intercontinental Exchange Inc. (ICE) | Equity | 0% | 1,800,310 | 0.48% | $157.28 | $147.66 | $283,152,755 | $265,824,773 | -$17,327,982 | -6.12% |
| Jfrog Ltd. (FROG) | Equity | -96.52% | 14,425 | 0.00% | $46.93 | $86.08 | $676,965 | $1,241,704 | +$564,739 | +83.42% |
| Mastercard Inc. (MA) | Equity | 0% | 778,465 | 0.65% | $499.66 | $569.39 | $388,967,862 | $443,246,294 | +$54,278,432 | +13.95% |
| Mercadolibre Inc. (MELI) | Equity | -24.95% | 180,499 | 0.52% | $1,729.02 | $1,922.67 | $312,086,312 | $347,040,012 | +$34,953,700 | +11.20% |
| Nisource Inc. (NI) | Equity | +4.18% | 3,365,500 | 0.26% | $46.66 | $42.48 | $157,034,230 | $142,966,440 | -$14,067,790 | -8.96% |
| Quanta Services Inc. (PWR) | Equity | -19.96% | 400,983 | 0.37% | $549.02 | $689.25 | $220,147,687 | $276,375,528 | +$56,227,841 | +25.54% |
| Rubrik Inc. (RBRK) | Equity | -16.67% | 500,000 | 0.04% | $48.97 | $84.04 | $24,485,000 | $42,020,000 | +$17,535,000 | +71.62% |
| Toast Inc. (TOST) | Equity | +7.66% | 1,238,096 | 0.06% | $26.51 | $34.63 | $32,821,925 | $42,875,264 | +$10,053,339 | +30.63% |
| Lam Research Corp. (LRCX) | Equity | -19.24% | 5,185,456 | 1.86% | $213.66 | $311.29 | $1,107,924,534 | $1,614,180,598 | +$506,256,064 | +45.69% |
| Las Vegas Sands Corp. (LVS) | Equity | +100% | 2,850,000 | 0.26% | $53.88 | $46.97 | $153,558,003 | $133,864,500 | -$19,693,503 | -12.82% |
| Madrigal Pharmaceuticals Inc. (MDGL) | Equity | -66.67% | 80,000 | 0.07% | $523.47 | $505.50 | $41,877,600 | $40,440,000 | -$1,437,600 | -3.43% |
| Martin Marietta Materials Inc. (MLM) | Equity | 0% | 747,351 | 0.74% | $588.68 | $557.36 | $439,950,586 | $416,539,817 | -$23,410,769 | -5.32% |
| Microsoft Corp. (MSFT) | Equity | -39.22% | 1,201,176 | 0.75% | $370.17 | $489.73 | $444,639,331 | $588,251,922 | +$143,612,591 | +32.30% |
| Palantir Technologies Inc. (PLTR) | Equity | +100% | 3,000,000 | 0.74% | $146.28 | $159.86 | $438,839,996 | $479,589,000 | +$40,749,004 | +9.29% |
| Ross Stores Inc. (ROST) | Equity | 0% | 472,635 | 0.17% | $216.63 | $252.56 | $102,386,920 | $119,368,696 | +$16,981,776 | +16.59% |
| S&P Global Inc. (SPGI) | Equity | 0% | 190,416 | 0.14% | $425.34 | $410.40 | $80,991,541 | $78,146,726 | -$2,844,815 | -3.51% |
| Shopify Inc. (SHOP) | Equity | +100% | 4,000,000 | 0.80% | $118.62 | $145.40 | $474,480,011 | $581,580,000 | +$107,099,989 | +22.57% |
| Solstice Advanced Matls INC (SOLS) | Equity | +226.05% | 3,668,020 | 0.47% | $76.16 | $62.57 | $279,356,403 | $229,489,671 | -$49,866,732 | -17.85% |
| SPDR Gold Shares (GLD) | Equity | +100% | 300,000 | 0.22% | $430.29 | $390.47 | $129,087,003 | $117,141,000 | -$11,946,003 | -9.25% |
| Teradyne Inc. (TER) | Equity | +14.66% | 2,789,510 | 1.39% | $296.46 | $395.36 | $826,978,147 | $1,102,846,726 | +$275,868,579 | +33.36% |
| Twilio Inc. (TWLO) | Equity | +636.00% | 1,840,000 | 0.39% | $125.82 | $192.01 | $231,508,800 | $353,289,200 | +$121,780,400 | +52.60% |
| Ishares 20+ Year Treasury Bond ETF (TLT) | Equity | 0% | 511,000 | 0.07% | $86.69 | $82.98 | $44,298,590 | $42,402,780 | -$1,895,810 | -4.28% |
| Meta Platforms Inc. (META) | Equity | +7.67% | 2,145,399 | 2.06% | $572.13 | $586.06 | $1,227,447,147 | $1,257,332,538 | +$29,885,391 | +2.43% |
| Navan INC (NAVN) | Equity | 0% | 2,686,828 | 0.06% | $13.24 | $27.74 | $35,573,603 | $74,519,175 | +$38,945,572 | +109.48% |
| New Oriental Education & Technology Group Inc. (EDU) | Equity | +19.34% | 1,727,986 | 0.16% | $56.63 | $56.78 | $97,855,847 | $98,115,045 | +$259,198 | +0.26% |
| Nvidia Corp. (NVDA) | Equity | +4931.93% | 10,639,459 | 3.12% | $174.40 | $219.85 | $1,855,521,588 | $2,339,031,864 | +$483,510,276 | +26.06% |
| Oric Pharmaceuticals Inc. (ORIC) | Equity | 0% | 4,504,096 | 0.10% | $12.67 | $13.26 | $57,066,896 | $59,701,792 | +$2,634,896 | +4.62% |
| Paylocity Holding Corp. (PCTY) | Equity | 0% | 24,683 | 0.00% | $108.04 | $144.17 | $2,666,751 | $3,558,474 | +$891,723 | +33.44% |
| RTX Corp. (RTX) | Equity | 0% | 1,250,000 | 0.41% | $192.90 | $219.26 | $241,125,000 | $274,075,000 | +$32,950,000 | +13.67% |
| SS&C Technologies Holdings Inc. (SSNC) | Equity | 0% | 1,764,916 | 0.20% | $67.57 | $79.49 | $119,255,372 | $140,284,348 | +$21,028,976 | +17.63% |
| SPDR Dow Jones Industrial Average ETF Trust (DIA) | Equity | +27.48% | 119,700 | 0.09% | $463.19 | $544.59 | $55,443,843 | $65,186,825 | +$9,742,982 | +17.57% |
| Synopsys Inc. (SNPS) | Equity | +56.42% | 1,569,348 | 1.05% | $396.48 | $402.36 | $622,215,095 | $631,435,015 | +$9,219,920 | +1.48% |
| Tesla Inc. (TSLA) | Equity | +100% | 1,100,000 | 0.69% | $371.75 | $322.59 | $408,925,000 | $354,843,500 | -$54,081,500 | -13.23% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +78.75% | 9,721,668 | 5.52% | $337.95 | $416.60 | $3,285,437,754 | $4,050,076,054 | +$764,638,300 | +23.27% |
| Ttm Technologies Inc. (TTMI) | Equity | +100% | 1,050,000 | 0.17% | $97.42 | $132.52 | $102,291,000 | $139,146,000 | +$36,855,000 | +36.03% |
| Johnson Controls International PLC (JCI) | Equity | -56.45% | 270,000 | 0.06% | $130.95 | $154.75 | $35,356,500 | $41,781,420 | +$6,424,920 | +18.17% |
| KLA Corp. (KLAC) | Equity | +9.93% | 780,915 | 1.93% | $1,472.41 | $194.90 | $1,149,827,062 | $152,200,334 | -$997,626,729 | -86.76% |
| Lowe'S Companies Inc. (LOW) | Equity | -54.42% | 213,594 | 0.08% | $236.28 | $218.70 | $50,467,991 | $46,713,008 | -$3,754,983 | -7.44% |
| Marriott International Inc. (MAR) | Equity | +100% | 1,575,000 | 0.87% | $327.07 | $358.23 | $515,135,262 | $564,212,250 | +$49,076,988 | +9.53% |
| Microchip Technology Inc. (MCHP) | Equity | +100% | 7,000,000 | 0.76% | $64.61 | $77.33 | $452,270,005 | $541,310,000 | +$89,039,995 | +19.69% |
| Standardaero Inc. (SARO) | Equity | -29.38% | 1,202,019 | 0.05% | $25.83 | $30.82 | $31,048,150 | $37,046,226 | +$5,998,076 | +19.32% |
| SPDR S&P 500 ETF Trust (SPY) | Equity | +15869.58% | 21,000,000 | 22.95% | $650.34 | $771.89 | $13,657,140,564 | $16,209,690,000 | +$2,552,549,436 | +18.69% |
| The Carlyle Group Inc. (CG) | Equity | 0% | 5,941,316 | 0.48% | $48.39 | $50.62 | $287,500,281 | $300,749,416 | +$13,249,135 | +4.61% |
| The Sherwin-Williams Company (SHW) | Equity | 0% | 306,735 | 0.17% | $320.55 | $365.12 | $98,323,911 | $111,995,083 | +$13,671,172 | +13.90% |
| The Tjx Companies Inc. (TJX) | Equity | 0% | 2,799,971 | 0.75% | $159.70 | $158.87 | $447,155,369 | $444,817,393 | -$2,337,976 | -0.52% |
| Uber Technologies Inc. (UBER) | Equity | +14.88% | 3,861,005 | 0.47% | $71.93 | $67.49 | $277,722,090 | $260,579,227 | -$17,142,863 | -6.17% |
| Vistra Corp. (VST) | Equity | +30.83% | 2,546,357 | 0.64% | $150.33 | $141.27 | $382,793,847 | $359,723,853 | -$23,069,994 | -6.03% |
| Transdigm Group Inc. (TDG) | Equity | -9.98% | 149,078 | 0.29% | $1,158.96 | $1,241.07 | $172,775,427 | $185,016,233 | +$12,240,806 | +7.08% |
| Vulcan Materials Company (VMC) | Equity | 0% | 1,478,646 | 0.68% | $272.30 | $287.67 | $402,635,314 | $425,362,095 | +$22,726,781 | +5.64% |
| Vertiv Holdings Co (VRT) | Equity | +24.90% | 2,501,980 | 1.05% | $250.58 | $281.03 | $626,946,149 | $703,131,439 | +$76,185,290 | +12.15% |
| Visa Inc. (V) | Equity | 0% | 1,468,618 | 0.75% | $302.24 | $367.14 | $443,875,110 | $539,188,413 | +$95,313,303 | +21.47% |
| Uipath Inc. (PATH) | Equity | 0% | 2,611,276 | 0.05% | $11.10 | $13.90 | $28,985,164 | $36,283,680 | +$7,298,516 | +25.18% |
| Wynn Resorts Limited (WYNN) | Equity | +100% | 1,441,100 | 0.25% | $101.55 | $105.05 | $146,343,710 | $151,380,350 | +$5,036,640 | +3.44% |
| Yum! Brands Inc. (YUM) | Equity | 0% | 465,603 | 0.12% | $155.48 | $151.91 | $72,391,958 | $70,729,752 | -$1,662,206 | -2.30% |