Newlands Management Operations LLC Long-Term Concentrated

CIK: 0001908450 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $19,399,300 (100.0% shares, 0.0% debt)

Holdings (17)

Increased Positions (1)

NFLX NETFLIX INC 3.2%

Value ($000) $628,869 (-21.8%) Shares 6,707,220 (+900.0%) Est. Cost $99.83 Unrealized +8.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC	6,707,220 (+900.0%)	$628,869 (-21.8%)	3.2%	$99.83	+8.0%	COM	64110L106

Exited Positions (8)

FRSH FRESHWORKS INC 0.0%

Value ($000) $5,410 Shares 459,619 Est. Cost $13.47 Unrealized -12.3%

CVNA CARVANA CO 0.0%

Value ($000) $5,276 Shares 13,985 Est. Cost $274.18 Unrealized +35.6%

PDD PDD HOLDINGS INC 0.0%

Value ($000) $1,593 Shares 12,050 Est. Cost $116.29 Unrealized —

PCOR PROCORE TECHNOLOGIES INC 0.0%

Value ($000) $1,389 Shares 19,045 Est. Cost $72.19 Unrealized +2.5%

TTAN SERVICETITAN INC 0.0%

Value ($000) $1,110 Shares 11,013 Est. Cost $110.57 Unrealized -11.7%

DDOG DATADOG INC 0.0%

Value ($000) $955 Shares 6,703 Est. Cost $127.50 Unrealized +23.9%

GTLB GITLAB INC 0.0%

Value ($000) $776 Shares 17,214 Est. Cost $53.82 Unrealized -19.6%

BRZE BRAZE INC 0.0%

Value ($000) $662 Shares 23,294 Est. Cost $39.49 Unrealized -25.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FRSH	FRESHWORKS INC	459,619	$5,410	0.0%	$13.47	-12.3%	—	358054104
CVNA	CARVANA CO	13,985	$5,276	0.0%	$274.18	+35.6%	—	146869102
PDD	PDD HOLDINGS INC	12,050	$1,593	0.0%	$116.29	—	—	722304102
PCOR	PROCORE TECHNOLOGIES INC	19,045	$1,389	0.0%	$72.19	+2.5%	—	74275K108
TTAN	SERVICETITAN INC	11,013	$1,110	0.0%	$110.57	-11.7%	—	81764X103
DDOG	DATADOG INC	6,703	$955	0.0%	$127.50	+23.9%	—	23804L103
GTLB	GITLAB INC	17,214	$776	0.0%	$53.82	-19.6%	—	37637K108
BRZE	BRAZE INC	23,294	$662	0.0%	$39.49	-25.0%	—	10576N102

Decreased Positions (2)

META META PLATFORMS INC 33.3%

Value ($000) $6,467,175 (-11.2%) Shares 9,797,414 (-1.2%) Est. Cost $134.52 Unrealized +396.1%

DOCU DOCUSIGN INC 1.0%

Value ($000) $199,913 (-32.7%) Shares 2,922,708 (-29.1%) Est. Cost $51.35 Unrealized +34.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	9,797,414 (-1.2%)	$6,467,175 (-11.2%)	33.3%	$134.52	+396.1%	CL A	30303M102
DOCU	DOCUSIGN INC	2,922,708 (-29.1%)	$199,913 (-32.7%)	1.0%	$51.35	+34.7%	COM	256163106

Unchanged Positions (14)

HOOD ROBINHOOD MKTS INC 14.1%

Value ($000) $2,732,367 Shares 24,158,860 Est. Cost $11.05 Unrealized +1077.5%

GOOGL ALPHABET INC 10.0%

Value ($000) $1,942,814 Shares 6,207,074 Est. Cost $100.47 Unrealized +184.3%

DASH DOORDASH INC 8.3%

Value ($000) $1,600,828 Shares 7,068,299 Est. Cost $58.94 Unrealized +298.0%

SHOP SHOPIFY INC 5.2%

Value ($000) $1,018,143 Shares 6,325,050 Est. Cost $34.15 Unrealized +370.2%

AMZN AMAZON COM INC 7.8%

Value ($000) $1,520,889 Shares 6,589,070 Est. Cost $103.49 Unrealized +121.1%

JD JD.COM INC 1.7%

Value ($000) $335,606 Shares 11,693,590 Est. Cost $39.97 Unrealized —

MSFT MICROSOFT CORP 2.6%

Value ($000) $507,957 Shares 1,050,322 Est. Cost $234.05 Unrealized +113.9%

WDAY WORKDAY INC 1.5%

Value ($000) $292,888 Shares 1,363,667 Est. Cost $155.96 Unrealized +45.7%

TSLA TESLA INC 8.7%

Value ($000) $1,693,693 Shares 3,766,106 Est. Cost $194.03 Unrealized +128.5%

SCHW SCHWAB CHARLES CORP 1.6%

Value ($000) $319,329 Shares 3,196,166 Est. Cost $50.45 Unrealized +87.8%

BABA ALIBABA GROUP HLDG LTD 0.2%

Value ($000) $39,556 Shares 269,858 Est. Cost $88.09 Unrealized —

GOOG ALPHABET INC 0.1%

Value ($000) $28,474 Shares 90,740 Est. Cost $94.73 Unrealized +202.3%

AAPL APPLE INC 0.3%

Value ($000) $67,686 Shares 248,975 Est. Cost $140.70 Unrealized +90.7%

COIN COINBASE GLOBAL INC 0.0%

Value ($000) $3,111 Shares 13,757 Est. Cost $52.69 Unrealized +465.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HOOD	ROBINHOOD MKTS INC	24,158,860	$2,732,367	14.1%	$11.05	+1077.5%	COM CL A	770700102
GOOGL	ALPHABET INC	6,207,074	$1,942,814	10.0%	$100.47	+184.3%	CAP STK CL A	02079K305
DASH	DOORDASH INC	7,068,299	$1,600,828	8.3%	$58.94	+298.0%	CL A	25809K105
SHOP	SHOPIFY INC	6,325,050	$1,018,143	5.2%	$34.15	+370.2%	CL A SUB VTG SHS	82509L107
AMZN	AMAZON COM INC	6,589,070	$1,520,889	7.8%	$103.49	+121.1%	COM	023135106
JD	JD.COM INC	11,693,590	$335,606	1.7%	$39.97	—	SPON ADS CL A	47215P106
MSFT	MICROSOFT CORP	1,050,322	$507,957	2.6%	$234.05	+113.9%	COM	594918104
WDAY	WORKDAY INC	1,363,667	$292,888	1.5%	$155.96	+45.7%	CL A	98138H101
TSLA	TESLA INC	3,766,106	$1,693,693	8.7%	$194.03	+128.5%	COM	88160R101
SCHW	SCHWAB CHARLES CORP	3,196,166	$319,329	1.6%	$50.45	+87.8%	COM	808513105
BABA	ALIBABA GROUP HLDG LTD	269,858	$39,556	0.2%	$88.09	—	SPONSORED ADS	01609W102
GOOG	ALPHABET INC	90,740	$28,474	0.1%	$94.73	+202.3%	CAP STK CL C	02079K107
AAPL	APPLE INC	248,975	$67,686	0.3%	$140.70	+90.7%	COM	037833100
COIN	COINBASE GLOBAL INC	13,757	$3,111	0.0%	$52.69	+465.5%	COM CL A	19260Q107