Totem Point Management, LLC Quant / Systematic

CIK: 0001759364 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $100,231 (100.0% shares, 0.0% debt)

Holdings (14)

New Positions (4)

HPE HEWLETT PACKARD ENTERPRISE C 9.7%

Value ($000) $9,764 Shares 406,506 Est. Cost $23.44 Unrealized 0.0%

ON ON SEMICONDUCTOR CORP 6.7%

Value ($000) $6,682 Shares 123,407 Est. Cost $51.30 Unrealized 0.0%

MCO MOODYS CORP 2.0%

Value ($000) $2,019 Shares 3,953 Est. Cost $487.35 Unrealized 0.0%

FWONK LIBERTY MEDIA CORP DEL 0.6%

Value ($000) $570 Shares 5,789 Est. Cost $98.51 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HPE	HEWLETT PACKARD ENTERPRISE C	406,506	$9,764	9.7%	$23.44	0.0%	COM	42824C109
ON	ON SEMICONDUCTOR CORP	123,407	$6,682	6.7%	$51.30	0.0%	COM	682189105
MCO	MOODYS CORP	3,953	$2,019	2.0%	$487.35	0.0%	COM	615369105
FWONK	LIBERTY MEDIA CORP DEL	5,789	$570	0.6%	$98.51	—	COM LBTY ONE S C	531229755

Increased Positions (4)

SPGI S&P GLOBAL INC 11.8%

Value ($000) $11,800 (+96.0%) Shares 22,579 (+82.5%) Est. Cost $418.86 Unrealized +18.0%

BILL BILL HOLDINGS INC 8.4%

Value ($000) $8,459 (+124.2%) Shares 155,100 (+117.8%) Est. Cost $49.11 Unrealized +4.6%

SPOT SPOTIFY TECHNOLOGY S A 11.8%

Value ($000) $11,809 (+16.2%) Shares 20,336 (+39.6%) Est. Cost $397.01 Unrealized +57.5%

BKNG BOOKING HOLDINGS INC 4.2%

Value ($000) $4,199 (+3.8%) Shares 784 (+4.7%) Est. Cost $4553.78 Unrealized +12.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPGI	S&P GLOBAL INC	22,579 (+82.5%)	$11,800 (+96.0%)	11.8%	$418.86	+18.0%	COM	78409V104
BILL	BILL HOLDINGS INC	155,100 (+117.8%)	$8,459 (+124.2%)	8.4%	$49.11	+4.6%	COM	090043100
SPOT	SPOTIFY TECHNOLOGY S A	20,336 (+39.6%)	$11,809 (+16.2%)	11.8%	$397.01	+57.5%	SHS	L8681T102
BKNG	BOOKING HOLDINGS INC	784 (+4.7%)	$4,199 (+3.8%)	4.2%	$4553.78	+12.8%	COM	09857L108

Exited Positions (5)

RBLX ROBLOX CORP 8.5%

Value ($000) $8,556 Shares 61,766 Est. Cost $69.13 Unrealized +53.6%

SE SEA LTD 7.8%

Value ($000) $7,860 Shares 43,978 Est. Cost $107.96 Unrealized —

MMYT MAKEMYTRIP LIMITED MAURITIUS 4.4%

Value ($000) $4,398 Shares 46,989 Est. Cost $98.48 Unrealized -16.7%

SNDK SANDISK CORP 4.2%

Value ($000) $4,245 Shares 37,835 Est. Cost $58.39 Unrealized +243.0%

AMD ADVANCED MICRO DEVICES INC 2.7%

Value ($000) $2,754 Shares 17,019 Est. Cost $161.38 Unrealized +39.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RBLX	ROBLOX CORP	61,766	$8,556	8.5%	$69.13	+53.6%	—	771049103
SE	SEA LTD	43,978	$7,860	7.8%	$107.96	—	—	81141R100
MMYT	MAKEMYTRIP LIMITED MAURITIUS	46,989	$4,398	4.4%	$98.48	-16.7%	—	V5633W109
SNDK	SANDISK CORP	37,835	$4,245	4.2%	$58.39	+243.0%	—	80004C200
AMD	ADVANCED MICRO DEVICES INC	17,019	$2,754	2.7%	$161.38	+39.2%	—	007903107

Decreased Positions (6)

AVGO BROADCOM INC 1.4%

Value ($000) $1,434 (-81.7%) Shares 4,143 (-82.5%) Est. Cost $212.24 Unrealized +68.2%

NVDA NVIDIA CORPORATION 10.3%

Value ($000) $10,340 (-27.6%) Shares 55,442 (-27.6%) Est. Cost $118.41 Unrealized +57.2%

APP APPLOVIN CORP 1.7%

Value ($000) $1,656 (-68.5%) Shares 2,457 (-66.4%) Est. Cost $461.14 Unrealized +36.6%

TTWO TAKE-TWO INTERACTIVE SOFTWAR 10.1%

Value ($000) $10,088 (-9.1%) Shares 39,402 (-8.3%) Est. Cost $157.13 Unrealized +58.7%

TSM TAIWAN SEMICONDUCTOR MFG LTD 11.6%

Value ($000) $11,577 (-4.3%) Shares 38,096 (-12.0%) Est. Cost $151.35 Unrealized —

MU MICRON TECHNOLOGY INC 9.8%

Value ($000) $9,833 (+0.5%) Shares 34,453 (-41.1%) Est. Cost $98.65 Unrealized +132.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	BROADCOM INC	4,143 (-82.5%)	$1,434 (-81.7%)	1.4%	$212.24	+68.2%	COM	11135F101
NVDA	NVIDIA CORPORATION	55,442 (-27.6%)	$10,340 (-27.6%)	10.3%	$118.41	+57.2%	COM	67066G104
APP	APPLOVIN CORP	2,457 (-66.4%)	$1,656 (-68.5%)	1.7%	$461.14	+36.6%	COM CL A	03831W108
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	39,402 (-8.3%)	$10,088 (-9.1%)	10.1%	$157.13	+58.7%	COM	874054109
TSM	TAIWAN SEMICONDUCTOR MFG LTD	38,096 (-12.0%)	$11,577 (-4.3%)	11.6%	$151.35	—	SPONSORED ADS	874039100
MU	MICRON TECHNOLOGY INC	34,453 (-41.1%)	$9,833 (+0.5%)	9.8%	$98.65	+132.5%	COM	595112103