Valiant Capital Management, L.P. Hedge Fund

Location: San Francisco, CA

CIK: 0001452689 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value: $1.827B (100.0% shares, 0.0% debt)

Holdings (34)

QQQ INVESCO QQQ TR 11.5%

Value $210M Shares 380,000 Share Price $551.64 Est. Cost/Share — Unrealized @ Report Date —

GLD SPDR GOLD TR 7.0%

Value $128M Shares 420,000 Share Price $304.83 Est. Cost/Share — Unrealized @ Report Date —

TSM TAIWAN SEMICONDUCTOR MFG LTD 6.6%

Value $121M Shares 532,400 Share Price $226.49 Est. Cost/Share — Unrealized @ Report Date —

IWM ISHARES TR 5.7%

Value $104M Shares 480,107 Share Price $215.79 Est. Cost/Share $199.49 Unrealized @ Report Date —

SPY SPDR S&P 500 ETF TR 5.6%

Value $103M Shares 166,722 Share Price $617.85 Est. Cost/Share $559.39 Unrealized @ Report Date —

AGX ARGAN INC 4.7%

Value $85.9M Shares 389,615 Share Price $220.48 * Est. Cost/Share $123.95 Unrealized @ Report Date +44.6%

GEV GE VERNOVA INC 4.7%

Value $85.8M Shares 162,153 Share Price $529.15 * Est. Cost/Share $253.01 Unrealized @ Report Date +64.4%

CORZ CORE SCIENTIFIC INC NEW 4.5%

Value $81.96M Shares 4,801,524 Share Price $17.07 * Est. Cost/Share $6.87 Unrealized @ Report Date +45.6%

CORZ CORE SCIENTIFIC INC NEW 3.6%

Value $65.38M Shares 3,830,000 Share Price $17.07 * Est. Cost/Share $6.87 Unrealized @ Report Date +45.6%

AVGO BROADCOM INC 3.5%

Value $64.71M Shares 234,740 Share Price $275.65 * Est. Cost/Share $163.21 Unrealized @ Report Date +32.3%

CART MAPLEBEAR INC 3.3%

Value $61M Shares 1,348,275 Share Price $45.24 * Est. Cost/Share $30.10 Unrealized @ Report Date +44.5%

VST VISTRA CORP 3.0%

Value $54.55M Shares 281,486 Share Price $193.81 * Est. Cost/Share $102.63 Unrealized @ Report Date +43.7%

HDB HDFC BANK LTD 3.0%

Value $54.44M Shares 710,000 Share Price $76.67 Est. Cost/Share $64.05 Unrealized @ Report Date —

TKO TKO GROUP HOLDINGS INC 3.0%

Value $54.14M Shares 297,559 Share Price $181.95 * Est. Cost/Share $94.79 Unrealized @ Report Date +67.9%

MSFT MICROSOFT CORP 3.0%

Value $54.02M Shares 108,595 Share Price $497.41 * Est. Cost/Share $275.73 Unrealized @ Report Date +56.8%

PWR QUANTA SVCS INC 2.3%

Value $42.05M Shares 111,220 Share Price $378.08 * Est. Cost/Share $300.93 Unrealized @ Report Date +6.6%

LLY ELI LILLY & CO 2.2%

Value $40.48M Shares 51,926 Share Price $779.53 Est. Cost/Share $673.42 Unrealized @ Report Date +14.8%

ABR ARBOR REALTY TRUST INC 2.2%

Value $40.15M Shares 3,752,400 Share Price $10.70 Est. Cost/Share $10.70 Unrealized @ Report Date —

AMZN AMAZON COM INC 2.1%

Value $39.27M Shares 179,015 Share Price $219.39 * Est. Cost/Share $133.15 Unrealized @ Report Date +48.6%

TTWO TAKE-TWO INTERACTIVE SOFTWAR 2.0%

Value $37.2M Shares 153,172 Share Price $242.85 * Est. Cost/Share $158.07 Unrealized @ Report Date +42.5%

CRM SALESFORCE INC 2.0%

Value $36.11M Shares 132,410 Share Price $272.69 * Est. Cost/Share $214.69 Unrealized @ Report Date +23.9%

CRWD CROWDSTRIKE HLDGS INC 1.9%

Value $35.24M Shares 69,196 Share Price $509.31 * Est. Cost/Share $152.18 Unrealized @ Report Date +184.9%

NFLX NETFLIX INC 1.9%

Value $34.65M Shares 25,878 Share Price $1339.13 * Est. Cost/Share $38.90 Unrealized @ Report Date +190.7%

GDX VANECK ETF TRUST 1.9%

Value $34.28M Shares 658,389 Share Price $52.06 Est. Cost/Share $31.58 Unrealized @ Report Date —

NVDA NVIDIA CORPORATION 1.7%

Value $31.82M Shares 201,415 Share Price $157.99 * Est. Cost/Share $91.49 Unrealized @ Report Date +37.5%

Z ZILLOW GROUP INC 1.7%

Value $31.65M Shares 451,750 Share Price $70.05 * Est. Cost/Share $44.52 Unrealized @ Report Date +51.4%

NOW SERVICENOW INC 1.4%

Value $26.45M Shares 25,726 Share Price $1028.08 * Est. Cost/Share $95.38 Unrealized @ Report Date +97.8%

Value $20.51M Shares 108,500 Share Price $189.01 Est. Cost/Share $185.72 Unrealized @ Report Date 0.0%

CRDO CREDO TECHNOLOGY GROUP HOLDI 0.7%

Value $13.38M Shares 144,496 Share Price $92.59 * Est. Cost/Share $20.94 Unrealized @ Report Date +178.6%

WLDN WILLDAN GROUP INC 0.7%

Value $12.4M Shares 198,321 Share Price $62.51 * Est. Cost/Share $42.90 Unrealized @ Report Date +11.2%

BTBT BIT DIGITAL INC 0.5%

Value $8.76M Shares 4,000,000 Share Price $2.19 Est. Cost/Share $2.21 Unrealized @ Report Date 0.0%

ABR ARBOR REALTY TRUST INC 0.4%

Value $6.427M Shares 600,700 Share Price $10.70 Est. Cost/Share $10.70 Unrealized @ Report Date —

UBER UBER TECHNOLOGIES INC 0.3%

Value $5.548M Shares 59,464 Share Price $93.30 * Est. Cost/Share $37.84 Unrealized @ Report Date +117.6%

PSIX POWER SOLUTIONS INTL INC 0.2%

Value $3.913M Shares 60,505 Share Price $64.68 * Est. Cost/Share $30.03 Unrealized @ Report Date +23.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
QQQ	INVESCO QQQ TR	380,000	$210M	11.5%	$551.64	—	—	Put	46090E103
GLD	SPDR GOLD TR	420,000	$128M	7.0%	$304.83	—	—	Call	78463V107
TSM	TAIWAN SEMICONDUCTOR MFG LTD	532,400	$121M	6.6%	$226.49	—	—	Call	874039100
IWM	ISHARES TR	480,107	$104M	5.7%	$215.79	$199.49	—	RUSSELL 2000 ETF	464287655
SPY	SPDR S&P 500 ETF TR	166,722	$103M	5.6%	$617.85	$559.39	—	TR UNIT	78462F103
AGX	ARGAN INC	389,615	$85.9M	4.7%	$220.48 *	$123.95	+44.6%	COM	04010E109
GEV	GE VERNOVA INC	162,153	$85.8M	4.7%	$529.15 *	$253.01	+64.4%	COM	36828A101
CORZ	CORE SCIENTIFIC INC NEW	4,801,524	$81.96M	4.5%	$17.07 *	$6.87	+45.6%	COM	21874A106
CORZ	CORE SCIENTIFIC INC NEW	3,830,000	$65.38M	3.6%	$17.07 *	$6.87	+45.6%	Call	21874A106
AVGO	BROADCOM INC	234,740	$64.71M	3.5%	$275.65 *	$163.21	+32.3%	COM	11135F101
CART	MAPLEBEAR INC	1,348,275	$61M	3.3%	$45.24 *	$30.10	+44.5%	COM	565394103
VST	VISTRA CORP	281,486	$54.55M	3.0%	$193.81 *	$102.63	+43.7%	COM	92840M102
HDB	HDFC BANK LTD	710,000	$54.44M	3.0%	$76.67	$64.05	—	SPONSORED ADS	40415F101
TKO	TKO GROUP HOLDINGS INC	297,559	$54.14M	3.0%	$181.95 *	$94.79	+67.9%	CL A	87256C101
MSFT	MICROSOFT CORP	108,595	$54.02M	3.0%	$497.41 *	$275.73	+56.8%	COM	594918104
PWR	QUANTA SVCS INC	111,220	$42.05M	2.3%	$378.08 *	$300.93	+6.6%	COM	74762E102
LLY	ELI LILLY & CO	51,926	$40.48M	2.2%	$779.53	$673.42	+14.8%	COM	532457108
ABR	ARBOR REALTY TRUST INC	3,752,400	$40.15M	2.2%	$10.70	$10.70	—	COM	038923108
AMZN	AMAZON COM INC	179,015	$39.27M	2.1%	$219.39 *	$133.15	+48.6%	COM	023135106
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	153,172	$37.2M	2.0%	$242.85 *	$158.07	+42.5%	COM	874054109
CRM	SALESFORCE INC	132,410	$36.11M	2.0%	$272.69 *	$214.69	+23.9%	COM	79466L302
CRWD	CROWDSTRIKE HLDGS INC	69,196	$35.24M	1.9%	$509.31 *	$152.18	+184.9%	CL A	22788C105
NFLX	NETFLIX INC	25,878	$34.65M	1.9%	$1339.13 *	$38.90	+190.7%	COM	64110L106
GDX	VANECK ETF TRUST	658,389	$34.28M	1.9%	$52.06	$31.58	—	GOLD MINERS ETF	92189F106
NVDA	NVIDIA CORPORATION	201,415	$31.82M	1.7%	$157.99 *	$91.49	+37.5%	COM	67066G104
Z	ZILLOW GROUP INC	451,750	$31.65M	1.7%	$70.05 *	$44.52	+51.4%	CL C CAP STK	98954M200
NOW	SERVICENOW INC	25,726	$26.45M	1.4%	$1028.08 *	$95.38	+97.8%	COM	81762P102
RH	RH	108,500	$20.51M	1.1%	$189.01	$185.72	0.0%	COM	74967X103
CRDO	CREDO TECHNOLOGY GROUP HOLDI	144,496	$13.38M	0.7%	$92.59 *	$20.94	+178.6%	ORDINARY SHARES	G25457105
WLDN	WILLDAN GROUP INC	198,321	$12.4M	0.7%	$62.51 *	$42.90	+11.2%	COM	96924N100
BTBT	BIT DIGITAL INC	4,000,000	$8.76M	0.5%	$2.19	$2.21	0.0%	SHS	G1144A105
ABR	ARBOR REALTY TRUST INC	600,700	$6.427M	0.4%	$10.70	$10.70	—	Put	038923108
UBER	UBER TECHNOLOGIES INC	59,464	$5.548M	0.3%	$93.30 *	$37.84	+117.6%	COM	90353T100
PSIX	POWER SOLUTIONS INTL INC	60,505	$3.913M	0.2%	$64.68 *	$30.03	+23.4%	COM NEW	73933G202