ZEVENBERGEN CAPITAL INVESTMENTS LLC Q3 2025 Filing

Filed October 9, 2025

Portfolio Value

$5.1B

Holdings

103

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (103 positions)

#	Stock	Shares	Value	% Portfolio
1	NVDANVIDIA Corporation	2,785,801	$519.8M	10.10%
2	TSLATesla, Inc.	862,697	$383.7M	7.46%
3	SHOPShopify Inc.	2,051,940	$304.9M	5.93%
4	METAMeta Platforms, Inc.	387,598	$284.6M	5.53%
5	AXONAxon Enterprise, Inc.	369,364	$265.1M	5.15%
6	MELIMercadoLibre, Inc.	106,242	$248.3M	4.83%
7	AMZNAmazon.com, Inc.	1,007,454	$221.2M	4.30%
8	MSFTMicrosoft Corporation	314,879	$163.1M	3.17%
9	—Alphabet Inc. Class C	636,255	$155.0M	3.01%
10	UBERUber Technologies, Inc.	1,323,995	$129.7M	2.52%
11	NOWServiceNow, Inc.	138,266	$127.2M	2.47%
12	NFLXNetflix, Inc.	102,480	$122.9M	2.39%
13	AAPLApple Inc.	476,051	$121.2M	2.36%
14	CRWDCrowdStrike Holdings, Inc.	243,355	$119.3M	2.32%
15	AVGOBroadcom Inc.	312,300	$103.0M	2.00%
16	TTDThe Trade Desk, Inc.	2,055,616	$100.7M	1.96%
17	SPOTSpotify Technology S.A.	138,954	$97.0M	1.89%
18	AMDAdvanced Micro Devices, Inc.	590,029	$95.5M	1.86%
19	SNOWSnowflake Inc.	368,207	$83.0M	1.61%
20	TOSTToast, Inc.	2,117,310	$77.3M	1.50%
21	PANWPalo Alto Networks, Inc.	361,137	$73.5M	1.43%
22	ARMArm Holdings Plc	499,772	$70.7M	1.37%
23	MPWRMonolithic Power Systems, Inc.	74,668	$68.7M	1.34%
24	NTRANatera, Inc.	394,565	$63.5M	1.23%
25	ELFe.l.f. Beauty, Inc.	466,968	$61.9M	1.20%
26	ZZillow Group, Inc. Class C	791,746	$61.0M	1.19%
27	VEEVVeeva Systems Inc.	198,275	$59.1M	1.15%
28	EXASExact Sciences Corporation	966,271	$52.9M	1.03%
29	6RJ0Rocket Lab Corporation	1,044,961	$50.1M	0.97%
30	MUMicron Technology, Inc.	293,650	$49.1M	0.96%
31	—Alphabet Inc. Class A	197,564	$48.0M	0.93%
32	DC4DexCom, Inc.	685,433	$46.1M	0.90%
33	—Quanta Services, Inc.	109,405	$45.3M	0.88%
34	VRTVertiv Holdings Co	299,950	$45.3M	0.88%
35	ORCLOracle Corporation	157,485	$44.3M	0.86%
36	WINGWingstop Inc.	151,512	$38.1M	0.74%
37	IOTSamsara Inc.	998,029	$37.2M	0.72%
38	ANETArista Networks Inc	245,400	$35.8M	0.70%
39	DDOGDatadog, Inc.	206,265	$29.4M	0.57%
40	TMDXTransMedics Group, Inc.	258,523	$29.0M	0.56%
41	ONONOn Holding AG	641,169	$27.2M	0.53%
42	ARESAres Management Corporation	159,898	$25.6M	0.50%
43	APHAmphenol Corporation	177,435	$22.0M	0.43%
44	HUBSHubSpot, Inc.	38,715	$18.1M	0.35%
45	INTUIntuit Inc.	25,726	$17.6M	0.34%
46	QCOMQUALCOMM Incorporated	105,327	$17.5M	0.34%
47	KLACKLA Corporation	15,000	$16.2M	0.31%
48	BKNGBooking Holdings Inc.	2,980	$16.1M	0.31%
49	DELLDell Technologies Inc.	111,620	$15.8M	0.31%
50	AMATApplied Materials, Inc.	70,000	$14.3M	0.28%
51	CDNSCadence Design Systems, Inc.	40,060	$14.1M	0.27%
52	ASMLASML Holding N.V.	13,447	$13.0M	0.25%
53	CRDOCredo Technology Group Holding	88,100	$12.8M	0.25%
54	PINSPinterest, Inc.	386,870	$12.4M	0.24%
55	APPAppLovin Corporation, Class A	14,862	$10.7M	0.21%
56	VVisa Inc.	30,868	$10.5M	0.20%
57	MDBMongoDB, Inc.	30,000	$9.3M	0.18%
58	—JPMorgan Chase & Co.	29,098	$9.2M	0.18%
59	BEBloom Energy Corporation	104,750	$8.9M	0.17%
60	DKNGDraftKings Inc.	205,590	$7.7M	0.15%
61	COSTCostco Wholesale Corporation	8,140	$7.5M	0.15%
62	APPFAppFolio, Inc.	23,800	$6.6M	0.13%
63	SRADSportradar Group Ag	228,600	$6.1M	0.12%
64	SYMSymbotic Inc.	113,050	$6.1M	0.12%
65	NBISNebius Group N.V.	51,925	$5.8M	0.11%
66	BRBroadridge Financial Solutions	23,110	$5.5M	0.11%
67	MIRMirion Technologies, Inc.	231,500	$5.4M	0.10%
68	BLKBlackRock, Inc.	4,291	$5.0M	0.10%
69	HDThe Home Depot, Inc.	11,087	$4.5M	0.09%
70	PGRThe Progressive Corporation	17,845	$4.4M	0.09%
71	NXPINXP Semiconductors N.V.	18,400	$4.2M	0.08%
72	CRMSalesforce, Inc.	17,400	$4.1M	0.08%
73	CITCintas Corporation	20,020	$4.1M	0.08%
74	MMYTMakemytrip Limited	41,560	$3.9M	0.08%
75	SPYSPDR S&P 500 ETF Trust	4,835	$3.2M	0.06%
76	RIVNRivian Automotive, Inc.	203,305	$3.0M	0.06%
77	PAYXPaychex, Inc.	22,515	$2.9M	0.06%
78	ABTAbbott Laboratories	21,124	$2.8M	0.06%
79	BXBlackstone Inc.	16,375	$2.8M	0.05%
80	AMGNAmgen Inc.	9,909	$2.8M	0.05%
81	PCARPACCAR Inc	26,566	$2.6M	0.05%
82	ZTSZoetis Inc.	16,440	$2.4M	0.05%
83	—Waste Management, Inc.	10,170	$2.2M	0.04%
84	JNJJohnson & Johnson	10,779	$2.0M	0.04%
85	DGXQuest Diagnostics Incorporated	9,235	$1.8M	0.03%
86	DEDeere & Company	3,805	$1.7M	0.03%
87	ECLEcolab Inc.	5,760	$1.6M	0.03%
88	—Cisco Systems, Inc.	15,645	$1.1M	0.02%
89	TSCOTractor Supply Company	18,490	$1.1M	0.02%
90	SBUXStarbucks Corporation	10,142	$858K	0.02%
91	DSIiShares MSCI KLD 400 Social	6,075	$765K	0.01%
92	DISThe Walt Disney Company	6,183	$708K	0.01%
93	NEENextera Energy, Inc.	8,628	$651K	0.01%
94	—Planet Labs PBC	44,000	$571K	0.01%
95	AXPAmerican Express Company	1,700	$565K	0.01%
96	ABBVAbbVie Inc.	1,923	$445K	0.01%
97	XMTRXometry, Inc.	7,500	$409K	0.01%
98	—Spdr Dow Jones Industrial Avrg	650	$301K	0.01%
99	CAVACava Group Inc	4,800	$290K	0.01%
100	LGIHLGI HOMES, INC.	5,450	$282K	0.01%

Page 1 of 2Next