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 +196.4% versus +185.9%for the S&P 500 (+19.1% 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: +$11,138,817,030
Return % Since Report: +18.72%
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 | $28.67 | $5,105,230 | $6,510,986 | +$1,405,756 | +27.54% |
| Burlington Stores Inc. (BURL) | Equity | +3.81% | 545,000 | 0.30% | $325.38 | $368.96 | $177,332,100 | $201,083,200 | +$23,751,100 | +13.39% |
| Canadian Pacific Kansas City Limited (CP) | Equity | 0% | 2,004,000 | 0.26% | $78.66 | $91.62 | $157,634,640 | $183,606,480 | +$25,971,840 | +16.48% |
| Dlocal Limited (DLO) | Equity | 0% | 823,837 | 0.02% | $12.97 | $14.41 | $10,685,166 | $11,867,372 | +$1,182,206 | +11.06% |
| Entergy Corp. (ETR) | Equity | +21.56% | 3,326,012 | 0.63% | $112.36 | $107.18 | $373,710,709 | $356,481,966 | -$17,228,743 | -4.61% |
| Hinge Health Inc. (HNGE) | Equity | -12.64% | 691,104 | 0.04% | $38.56 | $89.33 | $26,648,970 | $61,736,320 | +$35,087,350 | +131.66% |
| Invesco QQQ Trust (QQQ) | Equity | +1551.04% | 23,477,477 | 22.77% | $577.18 | $723.03 | $13,550,730,013 | $16,974,920,195 | +$3,424,190,182 | +25.27% |
| Booking Holdings Inc. (BKNG) | Equity | +100% | 150,000 | 1.06% | $4,210.32 | $214.42 | $631,547,974 | $32,163,000 | -$599,384,974 | -94.91% |
| Amazon.com Inc. (AMZN) | Equity | +38.08% | 8,008,299 | 2.80% | $208.27 | $274.48 | $1,667,888,447 | $2,198,117,910 | +$530,229,463 | +31.79% |
| Analog Devices Inc. (ADI) | Equity | +2.39% | 2,067,083 | 1.11% | $318.14 | $389.93 | $657,621,795 | $806,017,674 | +$148,395,879 | +22.57% |
| Apple Inc. (AAPL) | Equity | +6414.78% | 3,689,127 | 1.57% | $253.79 | $313.33 | $936,263,517 | $1,155,914,163 | +$219,650,646 | +23.46% |
| ASML Holding N.V. (ASML) | Equity | +100% | 180,825 | 0.40% | $1,320.83 | $1,740.99 | $238,839,085 | $314,814,517 | +$75,975,432 | +31.81% |
| Cintas Corp. (CTAS) | Equity | +69.76% | 401,539 | 0.11% | $169.14 | $203.05 | $67,916,305 | $81,532,494 | +$13,616,189 | +20.05% |
| Expedia Group Inc. (EXPE) | Equity | 0% | 2,475,276 | 0.96% | $230.89 | $310.68 | $571,516,476 | $769,018,748 | +$197,502,272 | +34.56% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | -37.33% | 8,898,535 | 0.12% | $8.30 | $9.63 | $73,857,841 | $85,692,892 | +$11,835,051 | +16.02% |
| GE Aerospace (GE) | Equity | 0% | 700,000 | 0.33% | $283.77 | $370.08 | $198,639,000 | $259,056,000 | +$60,417,000 | +30.42% |
| Caterpillar Inc. (CAT) | Equity | +100% | 400,000 | 0.48% | $708.46 | $842.19 | $283,384,008 | $336,876,000 | +$53,491,992 | +18.88% |
| Broadcom Inc. (AVGO) | Equity | +100% | 2,443,090 | 1.27% | $309.51 | $427.76 | $756,160,809 | $1,045,056,178 | +$288,895,369 | +38.21% |
| Bwx Technologies Inc. (BWXT) | Equity | +10.03% | 1,739,348 | 0.60% | $204.49 | $169.90 | $355,679,277 | $295,515,225 | -$60,164,052 | -16.92% |
| Cadence Design Systems Inc. (CDNS) | Equity | 0% | 1,622,874 | 0.76% | $277.87 | $339.24 | $450,948,013 | $550,543,776 | +$99,595,763 | +22.09% |
| CRH PLC (CRH) | Equity | +13.89% | 2,050,000 | 0.36% | $105.12 | $100.48 | $215,496,000 | $205,984,000 | -$9,512,000 | -4.41% |
| Doordash Inc. (DASH) | Equity | +136.18% | 2,783,210 | 0.70% | $150.15 | $216.26 | $417,898,972 | $601,896,995 | +$183,998,023 | +44.03% |
| Equinix Inc. (EQIX) | Equity | 0% | 233,775 | 0.39% | $980.24 | $1,042.62 | $229,155,606 | $243,738,491 | +$14,582,885 | +6.36% |
| Advanced Micro Devices Inc. (AMD) | Equity | +100% | 2,000,000 | 0.68% | $203.43 | $483.36 | $406,859,986 | $966,720,000 | +$559,860,014 | +137.61% |
| Alibaba Group Holding Limited (BABA) | Equity | +100% | 500,000 | 0.11% | $125.46 | $128.41 | $62,730,003 | $64,205,000 | +$1,474,997 | +2.35% |
| Alphabet Inc. (GOOGL) | Equity | -12.82% | 5,058,618 | 2.44% | $287.56 | $354.30 | $1,454,656,192 | $1,792,268,357 | +$337,612,165 | +23.21% |
| Amphenol Corp. (APH) | Equity | +23.32% | 4,617,948 | 0.98% | $126.35 | $169.18 | $583,477,730 | $781,264,443 | +$197,786,713 | +33.90% |
| Astera Labs Inc. (ALAB) | Equity | -38.46% | 200,000 | 0.04% | $109.60 | $334.17 | $21,920,000 | $66,834,000 | +$44,914,000 | +204.90% |
| Bitdeer Technologies Group (BTDR) | Equity | 0% | 475,000 | 0.01% | $8.65 | $10.88 | $4,108,750 | $5,168,000 | +$1,059,250 | +25.78% |
| Chipotle Mexican Grill Inc. (CMG) | Equity | 0% | 500,289 | 0.03% | $32.01 | $32.79 | $16,014,251 | $16,404,476 | +$390,225 | +2.44% |
| Constellation Energy Corp. (CEG) | Equity | +0.26% | 1,374,739 | 0.65% | $279.25 | $269.89 | $383,895,866 | $371,028,309 | -$12,867,557 | -3.35% |
| Iren Limited (IREN) | Equity | -37.50% | 500,000 | 0.03% | $34.28 | $41.23 | $17,140,000 | $20,615,000 | +$3,475,000 | +20.27% |
| Grayscale Bitcoin Trust ETF (GBTC) | Equity | +100% | 920,000 | 0.08% | $52.76 | $50.30 | $48,539,198 | $46,276,000 | -$2,263,198 | -4.66% |
| Hilton Worldwide Holdings Inc. (HLT) | Equity | +100% | 1,425,000 | 0.73% | $304.08 | $317.60 | $433,313,981 | $452,580,000 | +$19,266,019 | +4.45% |
| Intel Corp. (INTC) | Equity | +100% | 7,000,000 | 0.52% | $44.13 | $101.65 | $308,910,007 | $711,550,000 | +$402,639,993 | +130.34% |
| Intercontinental Exchange Inc. (ICE) | Equity | 0% | 1,800,310 | 0.48% | $157.28 | $150.30 | $283,152,755 | $270,586,593 | -$12,566,162 | -4.44% |
| Jfrog Ltd. (FROG) | Equity | -96.52% | 14,425 | 0.00% | $46.93 | $89.52 | $676,965 | $1,291,326 | +$614,361 | +90.75% |
| Mastercard Inc. (MA) | Equity | 0% | 778,465 | 0.65% | $499.66 | $562.95 | $388,967,862 | $438,236,872 | +$49,269,010 | +12.67% |
| Mercadolibre Inc. (MELI) | Equity | -24.95% | 180,499 | 0.52% | $1,729.02 | $1,820.69 | $312,086,312 | $328,632,724 | +$16,546,412 | +5.30% |
| Nisource Inc. (NI) | Equity | +4.18% | 3,365,500 | 0.26% | $46.66 | $42.61 | $157,034,230 | $143,403,955 | -$13,630,275 | -8.68% |
| Quanta Services Inc. (PWR) | Equity | -19.96% | 400,983 | 0.37% | $549.02 | $671.86 | $220,147,687 | $269,404,438 | +$49,256,751 | +22.37% |
| Rubrik Inc. (RBRK) | Equity | -16.67% | 500,000 | 0.04% | $48.97 | $90.07 | $24,485,000 | $45,035,000 | +$20,550,000 | +83.93% |
| Toast Inc. (TOST) | Equity | +7.66% | 1,238,096 | 0.06% | $26.51 | $34.48 | $32,821,925 | $42,689,550 | +$9,867,625 | +30.06% |
| Ishares Semiconductor ETF (SOXX) | Equity | +61.32% | 310,700 | 0.17% | $328.66 | $543.27 | $102,114,662 | $168,793,989 | +$66,679,327 | +65.30% |
| Lam Research Corp. (LRCX) | Equity | -19.24% | 5,185,456 | 1.86% | $213.66 | $311.35 | $1,107,924,534 | $1,614,491,726 | +$506,567,192 | +45.72% |
| Las Vegas Sands Corp. (LVS) | Equity | +100% | 2,850,000 | 0.26% | $53.88 | $45.77 | $153,558,003 | $130,444,500 | -$23,113,503 | -15.05% |
| Madrigal Pharmaceuticals Inc. (MDGL) | Equity | -66.67% | 80,000 | 0.07% | $523.47 | $510.04 | $41,877,600 | $40,803,200 | -$1,074,400 | -2.57% |
| Martin Marietta Materials Inc. (MLM) | Equity | 0% | 747,351 | 0.74% | $588.68 | $548.57 | $439,950,586 | $409,974,338 | -$29,976,248 | -6.81% |
| Microsoft Corp. (MSFT) | Equity | -39.22% | 1,201,176 | 0.75% | $370.17 | $499.99 | $444,639,331 | $600,575,988 | +$155,936,657 | +35.07% |
| Palantir Technologies Inc. (PLTR) | Equity | +100% | 3,000,000 | 0.74% | $146.28 | $172.01 | $438,839,996 | $516,030,000 | +$77,190,004 | +17.59% |
| Ross Stores Inc. (ROST) | Equity | 0% | 472,635 | 0.17% | $216.63 | $255.23 | $102,386,920 | $120,630,631 | +$18,243,711 | +17.82% |
| S&P Global Inc. (SPGI) | Equity | 0% | 190,416 | 0.14% | $425.34 | $408.19 | $80,991,541 | $77,725,907 | -$3,265,634 | -4.03% |
| Shopify Inc. (SHOP) | Equity | +100% | 4,000,000 | 0.80% | $118.62 | $151.57 | $474,480,011 | $606,280,000 | +$131,799,989 | +27.78% |
| Solstice Advanced Matls INC (SOLS) | Equity | +226.05% | 3,668,020 | 0.47% | $76.16 | $60.96 | $279,356,403 | $223,602,499 | -$55,753,904 | -19.96% |
| SPDR Gold Shares (GLD) | Equity | +100% | 300,000 | 0.22% | $430.29 | $398.47 | $129,087,003 | $119,541,000 | -$9,546,003 | -7.40% |
| Teradyne Inc. (TER) | Equity | +14.66% | 2,789,510 | 1.39% | $296.46 | $379.31 | $826,978,147 | $1,058,089,038 | +$231,110,891 | +27.95% |
| Twilio Inc. (TWLO) | Equity | +636.00% | 1,840,000 | 0.39% | $125.82 | $241.28 | $231,508,800 | $443,955,200 | +$212,446,400 | +91.77% |
| Ishares 20+ Year Treasury Bond ETF (TLT) | Equity | 0% | 511,000 | 0.07% | $86.69 | $82.76 | $44,298,590 | $42,290,360 | -$2,008,230 | -4.53% |
| Meta Platforms Inc. (META) | Equity | +7.67% | 2,145,399 | 2.06% | $572.13 | $592.10 | $1,227,447,147 | $1,270,290,748 | +$42,843,601 | +3.49% |
| Navan INC (NAVN) | Equity | 0% | 2,686,828 | 0.06% | $13.24 | $29.08 | $35,573,603 | $78,132,958 | +$42,559,355 | +119.64% |
| New Oriental Education & Technology Group Inc. (EDU) | Equity | +19.34% | 1,727,986 | 0.16% | $56.63 | $56.43 | $97,855,847 | $97,510,250 | -$345,597 | -0.35% |
| Nvidia Corp. (NVDA) | Equity | +4931.93% | 10,639,459 | 3.12% | $174.40 | $223.96 | $1,855,521,588 | $2,382,813,238 | +$527,291,650 | +28.42% |
| Oric Pharmaceuticals Inc. (ORIC) | Equity | 0% | 4,504,096 | 0.10% | $12.67 | $13.50 | $57,066,896 | $60,805,296 | +$3,738,400 | +6.55% |
| Paylocity Holding Corp. (PCTY) | Equity | 0% | 24,683 | 0.00% | $108.04 | $150.42 | $2,666,751 | $3,712,817 | +$1,046,066 | +39.23% |
| RTX Corp. (RTX) | Equity | 0% | 1,250,000 | 0.41% | $192.90 | $223.03 | $241,125,000 | $278,787,500 | +$37,662,500 | +15.62% |
| SS&C Technologies Holdings Inc. (SSNC) | Equity | 0% | 1,764,916 | 0.20% | $67.57 | $79.23 | $119,255,372 | $139,834,295 | +$20,578,923 | +17.26% |
| SPDR Dow Jones Industrial Average ETF Trust (DIA) | Equity | +27.48% | 119,700 | 0.09% | $463.19 | $539.70 | $55,443,843 | $64,602,090 | +$9,158,247 | +16.52% |
| Synopsys Inc. (SNPS) | Equity | +56.42% | 1,569,348 | 1.05% | $396.48 | $415.99 | $622,215,095 | $652,833,075 | +$30,617,980 | +4.92% |
| Tesla Inc. (TSLA) | Equity | +100% | 1,100,000 | 0.69% | $371.75 | $328.58 | $408,925,000 | $361,438,000 | -$47,487,000 | -11.61% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +78.75% | 9,721,668 | 5.52% | $337.95 | $420.04 | $3,285,437,754 | $4,083,489,427 | +$798,051,673 | +24.29% |
| Ttm Technologies Inc. (TTMI) | Equity | +100% | 1,050,000 | 0.17% | $97.42 | $137.21 | $102,291,000 | $144,070,500 | +$41,779,500 | +40.84% |
| Johnson Controls International PLC (JCI) | Equity | -56.45% | 270,000 | 0.06% | $130.95 | $152.21 | $35,356,500 | $41,096,700 | +$5,740,200 | +16.24% |
| KLA Corp. (KLAC) | Equity | +9.93% | 780,915 | 1.93% | $1,472.41 | $198.11 | $1,149,827,062 | $154,707,071 | -$995,119,991 | -86.55% |
| Lowe'S Companies Inc. (LOW) | Equity | -54.42% | 213,594 | 0.08% | $236.28 | $223.35 | $50,467,991 | $47,706,220 | -$2,761,771 | -5.47% |
| Marriott International Inc. (MAR) | Equity | +100% | 1,575,000 | 0.87% | $327.07 | $353.91 | $515,135,262 | $557,408,250 | +$42,272,988 | +8.21% |
| Microchip Technology Inc. (MCHP) | Equity | +100% | 7,000,000 | 0.76% | $64.61 | $84.69 | $452,270,005 | $592,830,000 | +$140,559,995 | +31.08% |
| Standardaero Inc. (SARO) | Equity | -29.38% | 1,202,019 | 0.05% | $25.83 | $29.19 | $31,048,150 | $35,086,935 | +$4,038,785 | +13.01% |
| SPDR S&P 500 ETF Trust (SPY) | Equity | +15869.58% | 21,000,000 | 22.95% | $650.34 | $773.22 | $13,657,140,564 | $16,237,620,000 | +$2,580,479,436 | +18.89% |
| The Carlyle Group Inc. (CG) | Equity | 0% | 5,941,316 | 0.48% | $48.39 | $47.79 | $287,500,281 | $283,935,492 | -$3,564,789 | -1.24% |
| The Sherwin-Williams Company (SHW) | Equity | 0% | 306,735 | 0.17% | $320.55 | $369.73 | $98,323,911 | $113,409,132 | +$15,085,221 | +15.34% |
| The Tjx Companies Inc. (TJX) | Equity | 0% | 2,799,971 | 0.75% | $159.70 | $161.36 | $447,155,369 | $451,803,321 | +$4,647,952 | +1.04% |
| Uber Technologies Inc. (UBER) | Equity | +14.88% | 3,861,005 | 0.47% | $71.93 | $75.02 | $277,722,090 | $289,652,595 | +$11,930,505 | +4.30% |
| Vistra Corp. (VST) | Equity | +30.83% | 2,546,357 | 0.64% | $150.33 | $140.59 | $382,793,847 | $357,992,331 | -$24,801,516 | -6.48% |
| Transdigm Group Inc. (TDG) | Equity | -9.98% | 149,078 | 0.29% | $1,158.96 | $1,225.25 | $172,775,427 | $182,657,820 | +$9,882,393 | +5.72% |
| Vulcan Materials Company (VMC) | Equity | 0% | 1,478,646 | 0.68% | $272.30 | $284.69 | $402,635,314 | $420,955,730 | +$18,320,416 | +4.55% |
| Vertiv Holdings Co (VRT) | Equity | +24.90% | 2,501,980 | 1.05% | $250.58 | $272.40 | $626,946,149 | $681,539,352 | +$54,593,203 | +8.71% |
| Visa Inc. (V) | Equity | 0% | 1,468,618 | 0.75% | $302.24 | $362.50 | $443,875,110 | $532,374,025 | +$88,498,915 | +19.94% |
| Uipath Inc. (PATH) | Equity | 0% | 2,611,276 | 0.05% | $11.10 | $15.05 | $28,985,164 | $39,299,704 | +$10,314,540 | +35.59% |
| Wynn Resorts Limited (WYNN) | Equity | +100% | 1,441,100 | 0.25% | $101.55 | $102.54 | $146,343,710 | $147,770,394 | +$1,426,684 | +0.97% |
| Yum! Brands Inc. (YUM) | Equity | 0% | 465,603 | 0.12% | $155.48 | $150.76 | $72,391,958 | $70,194,308 | -$2,197,650 | -3.04% |