Voyager Global Management LP Concentrated Active

CIK: 0001849753 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $3,419,530 (100.0% shares, 0.0% debt)

Holdings (9)

Increased Positions (5)

CHTR CHARTER COMMUNICATIONS INC N 11.3%

Value ($000) $386,188 (+1023.0%) Shares 1,850,000 (+1380.0%) Est. Cost $230.17 Unrealized -2.3%

NVDA NVIDIA CORPORATION 21.0%

Value ($000) $718,025 (+79.0%) Shares 3,850,000 (+79.1%) Est. Cost $152.45 Unrealized +22.1%

MSFT MICROSOFT CORP 14.5%

Value ($000) $495,711 (+19.6%) Shares 1,025,000 (+28.1%) Est. Cost $455.87 Unrealized +9.8%

TSM TAIWAN SEMICONDUCTOR MFG LTD 10.9%

Value ($000) $372,265 (+13.4%) Shares 1,225,000 (+4.3%) Est. Cost $137.50 Unrealized —

BKNG BOOKING HOLDINGS INC 10.2%

Value ($000) $348,096 (+13.1%) Shares 65,000 (+14.0%) Est. Cost $4306.06 Unrealized +19.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CHTR	CHARTER COMMUNICATIONS INC N	1,850,000 (+1380.0%)	$386,188 (+1023.0%)	11.3%	$230.17	-2.3%	CL A	16119P108
NVDA	NVIDIA CORPORATION	3,850,000 (+79.1%)	$718,025 (+79.0%)	21.0%	$152.45	+22.1%	COM	67066G104
MSFT	MICROSOFT CORP	1,025,000 (+28.1%)	$495,711 (+19.6%)	14.5%	$455.87	+9.8%	COM	594918104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,225,000 (+4.3%)	$372,265 (+13.4%)	10.9%	$137.50	—	SPONSORED ADS	874039100
BKNG	BOOKING HOLDINGS INC	65,000 (+14.0%)	$348,096 (+13.1%)	10.2%	$4306.06	+19.3%	COM	09857L108

Exited Positions (3)

CMCSA COMCAST CORP NEW 5.5%

Value ($000) $188,520 Shares 6,000,000 Est. Cost $39.19 Unrealized -27.2%

META META PLATFORMS INC 5.4%

Value ($000) $183,595 Shares 250,000 Est. Cost $719.46 Unrealized -7.2%

MA MASTERCARD INCORPORATED 2.8%

Value ($000) $96,698 Shares 170,000 Est. Cost $551.47 Unrealized +1.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CMCSA	COMCAST CORP NEW	6,000,000	$188,520	5.5%	$39.19	-27.2%	—	20030N101
META	META PLATFORMS INC	250,000	$183,595	5.4%	$719.46	-7.2%	—	30303M102
MA	MASTERCARD INCORPORATED	170,000	$96,698	2.8%	$551.47	+1.4%	—	57636Q104

Decreased Positions (4)

V VISA INC 5.1%

Value ($000) $175,355 (-53.3%) Shares 500,000 (-54.5%) Est. Cost $317.66 Unrealized +7.2%

GOOGL ALPHABET INC 8.5%

Value ($000) $289,525 (-31.9%) Shares 925,000 (-47.1%) Est. Cost $136.50 Unrealized +109.2%

TEAM ATLASSIAN CORPORATION 6.4%

Value ($000) $218,889 (-11.6%) Shares 1,350,000 (-12.9%) Est. Cost $190.62 Unrealized -17.7%

AMZN AMAZON COM INC 12.2%

Value ($000) $415,476 (+0.9%) Shares 1,800,000 (-4.0%) Est. Cost $167.84 Unrealized +36.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
V	VISA INC	500,000 (-54.5%)	$175,355 (-53.3%)	5.1%	$317.66	+7.2%	COM CL A	92826C839
GOOGL	ALPHABET INC	925,000 (-47.1%)	$289,525 (-31.9%)	8.5%	$136.50	+109.2%	CAP STK CL A	02079K305
TEAM	ATLASSIAN CORPORATION	1,350,000 (-12.9%)	$218,889 (-11.6%)	6.4%	$190.62	-17.7%	CL A	049468101
AMZN	AMAZON COM INC	1,800,000 (-4.0%)	$415,476 (+0.9%)	12.2%	$167.84	+36.3%	COM	023135106