SEC 13F Intelligence

Managers / Q1 2023 · view latest →

NZS Capital, LLC

CIK 0001816616 · 1756 PLATTE STREET, DENVER, CO, 80202 · 7202829746

Reported Value
$1.9B
Q1 2023
Positions
65
Filings on Record
20
2019–present window
Filed
May 12, 2023
original filing

Summary

Nzs Capital, LLC reported $1.9B in U.S.-listed holdings across 65 positions for Q1 2023.

Its largest position, MSFT, represents 6.2% of the portfolio.

Compared with Q4 2022, the fund opened 5 new positions and exited 4.

Portfolio Metrics

Turnover
+3.2%
vs prior filed quarter
Top-10 Concentration
+42.3%
share of reported value
Largest Position
+6.2%
Microsoft
New / Exited
5 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q2 ’21: $1.1BQ2 ’21Q3 ’21: $1.0BQ4 ’21: $1.1BQ1 ’22: $989MQ1 ’22Q2 ’22: $935MQ3 ’22: $1.1BQ4 ’22: $1.2BQ4 ’22Q1 ’23: $1.9BQ2 ’23: $2.0BQ3 ’23: $1.9BQ3 ’23Q4 ’23: $1.9BQ1 ’24: $2.4BQ2 ’24: $2.4BQ2 ’24Q3 ’24: $2.6BQ4 ’24: $2.3BQ1 ’25: $2.2BQ1 ’25Q2 ’25: $2.9BQ3 ’25: $3.3BQ4 ’25: $3.3BQ4 ’25Q1 ’26: $3.0Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 92.6%Other: 5.2%REIT: 2.1%ADR: 0.1%
  • Common Stock · 92.6% · $1.7B
  • Other · 5.2% · $98M
  • REIT · 2.1% · $40M
  • ADR · 0.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LINDE PLCNEW+137.1K137.1K+$49M$49M
FASTFASTENAL CONEW+302.1K302.1K+$16M$16M
DASHDOORDASH INCNEW+110.9K110.9K+$7M$7M
MRNAMODERNA INCNEW+36.9K36.9K+$6M$6M
FNDFLOOR & DECOR HLDGS INCNEW+35.0K35.0K+$3M$3M
NOWSERVICENOW INCADDED+36.6K43.8K+$18M$20M
CGNXCOGNEX CORPADDED+56.1K90.6K+$3M$4M
DC4DEXCOM INCADDED+74.0K124.8K+$9M$15M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM6.21%$117M406.8K
2WDAYWORKDAY INChistory →CL A5.17%$98M472.4K
3TXNTEXAS INSTRS INChistory →COM4.68%$88M474.8K
4CDNSCADENCE DESIGN SYSTEM INChistory →COM4.27%$81M383.5K
5GOOGALPHABET INChistory →CAP STK CL C4.03%$76M731.1K
6CRMSALESFORCE INChistory →COM4.01%$76M379.1K
7MCHPMICROCHIP TECHNOLOGY INC.history →COM3.64%$69M819.1K
8FISVFISERV INChistory →COM3.62%$68M604.0K
9AAPLAPPLE INChistory →COM3.44%$65M393.4K
10TMUST-MOBILE US INChistory →COM3.28%$62M427.0K
11LRCXEURLAM RESEARCH CORPhistory →COM3.19%$60M113.7K
12KLACKLA CORPhistory →COM NEW2.88%$54M136.1K
13NVDANVIDIA CORPORATIONhistory →COM2.85%$54M193.7K
14AMZNAMAZON COM INChistory →COM2.67%$50M487.9K
15LINDE PLCSHS2.58%$49M137.1K
16DHRDANAHER CORPORATIONhistory →COM2.45%$46M183.4K
17BALLBALL CORPhistory →COM2.31%$44M791.9K
18SUN CMNTYS INCCOM2.14%$40M287.0K
19PGRPROGRESSIVE CORPhistory →COM2.12%$40M279.2K
20AMDADVANCED MICRO DEVICES INChistory →COM2.08%$39M401.0K
21NEENEXTERA ENERGY INChistory →COM2.05%$39M503.0K
22APHAMPHENOL CORP NEWhistory →CL A1.38%$26M319.1K
23MLB1MERCADOLIBREhistory →INC COM1.30%$24M18.6K
24CYBERARK SOFTWARE LTDSHS1.27%$24M162.1K
25ADSKAUTODESK INChistory →COM1.26%$24M114.2K
26OKTAOKTA INChistory →CL A1.21%$23M264.8K
27ABNBAIRBNB INChistory →COM CL A1.20%$23M182.8K
28ISRGINTUITIVE SURGICAL INChistory →COM NEW1.17%$22M86.1K
29PYPLPAYPAL HLDGS INChistory →COM1.15%$22M285.7K
30SHOPSHOPIFY INChistory →CL A1.14%$22M449.6K
31LSCCLATTICE SEMICONDUCTOR CORPhistory →COM1.09%$21M215.9K
32SLABSILICON LABORATORIES INChistory →COM1.08%$20M116.5K
33NOWSERVICENOW INChistory →COM1.08%$20M43.8K
34NETCLOUDFLARE INChistory →CL A COM0.89%$17M273.4K
35PCORPROCORE TECHNOLOGIES INChistory →COM0.88%$17M266.1K
36FASTFASTENAL COhistory →COM0.86%$16M302.1K
37CSGPCOSTAR GROUP INChistory →COM0.85%$16M233.8K
38WOLF*WOLFSPEED INChistory →COM0.85%$16M245.6K
39TSCOTRACTOR SUPPLY COhistory →COM0.84%$16M67.4K
40CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.80%$15M8.8K
41DC4DEXCOM INChistory →COM0.77%$15M124.8K
42TRANE TECHNOLOGIES PLCSHS0.74%$14M75.8K
43ONON SEMICONDUCTOR CORPhistory →COM0.74%$14M169.4K
44URIUNITED RENTALS INChistory →COM0.65%$12M30.9K
45CONSTELLIUM SECL A SHS0.59%$11M726.1K
46TOSTTOAST INChistory →CL A0.55%$10M588.5K
47DOCSDOXIMITY INCCL A0.51%$10M297.0K
48ZZILLOW GROUP INCCL C CAP STK0.50%$9M212.3K
49MUMICRON TECHNOLOGY INCCOM0.48%$9M149.5K
50CTLTEURCATALENT INCCOM0.47%$9M135.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.0B58May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.3B62Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$3.3B61Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.9B60Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.2B59May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.3B59Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.6B58Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.4B58Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.4B54May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.9B55Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.9B65Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.0B64Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.9B65May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.2B64Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.1B67Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$935M62Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$989M65May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.1B68Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.0B68Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.1B62Jul 22, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.