V
Valiant Capital Management, L.P.
Q2 2024 · CIK 0001452689
Portfolio — Q2 2024
Reported Book
$1.9B
13F value · —
Positions
33
—
Top 10
66.2%
of reported book
In Dimetrics Coverage
23.4%
of reported book
Reported book is the value of 13F-reportable US positions as filed — not the manager's total assets under management, which include cash, debt, non-US and private holdings.
Book structure
Puts 31.7%
Long 45.2%
Calls 23.0%
Puts $594.9M· 5 lines
Long $848.2M· 24 lines
Calls $432.2M· 4 lines
Reported book structure — not net exposure. 13F reports options at the notional value of the underlying, with no strike, expiry, or premium. Delta is unknowable. This describes what was filed.
Reported book by group
PutsLongCallsNotes
Hyperscalers
5.5%
$104.0M
Custom Silicon
5.5%
$102.5M
Lithography & Fab Tools
3.3%
$62.6M
AI Merchant Power
3.3%
$62.0M
Power Shells
2.3%
$42.4M
Neo-Clouds
1.5%
$28.5M
Storage
1.3%
$23.5M
AI Networking
0.7%
$14.0M
Filed value by group, split by line type. Option lines are shown at the notional value of the underlying — a put bar is not exposure to that group, it is a position filed against it.
Holdings — 33 positions
| Ticker | Security | Line | Value | Weight | Group | Coverage |
|---|---|---|---|---|---|---|
| TLT | ISHARES TR | Call | $229.4M | 12.24% | — | Outside |
| QQQ | INVESCO QQQ TR | Put | $198.8M | 10.60% | — | Outside |
| CART | MAPLEBEAR INC | Long | $179.5M | 9.57% | — | Outside |
| LLY | ELI LILLY & CO | Put | $117.7M | 6.28% | — | Outside |
| GLD | SPDR GOLD TR | Call | $116.1M | 6.19% | — | Outside |
| LRN | STRIDE INC | Put | $103.6M | 5.53% | — | Outside |
| SOXX | ISHARES TR | Put | $101.1M | 5.39% | — | Outside |
| KRE | SPDR SER TR | Put | $73.7M | 3.93% | — | Outside |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | Call | $62.6M | 3.34% | Lithography & Fab Tools | Covered |
| MSFT | MICROSOFT CORP | Long | $59.7M | 3.19% | Hyperscalers | Covered |
| TKO | TKO GROUP HOLDINGS INC | Long | $44.6M | 2.38% | — | Outside |
| AMZN | AMAZON COM INC | Long | $44.3M | 2.36% | Hyperscalers | Covered |
| CORZ | CORE SCIENTIFIC INC NEW | Long | $42.4M | 2.26% | Power Shells | Covered |
| LLY | ELI LILLY & CO | Long | $41.7M | 2.22% | — | Outside |
| AVGO | BROADCOM INC | Long | $39.7M | 2.12% | Custom Silicon | Covered |
| AMD | ADVANCED MICRO DEVICES INC | Long | $34.2M | 1.82% | Custom Silicon | Covered |
| CRM | SALESFORCE INC | Long | $31.9M | 1.70% | — | Outside |
| CRWD | CROWDSTRIKE HLDGS INC | Long | $31.8M | 1.69% | — | Outside |
| CEG | CONSTELLATION ENERGY CORP | Long | $31.3M | 1.67% | AI Merchant Power | Covered |
| TTWO | TAKE-TWO INTERACTIVE SOFTWAR | Long | $31.3M | 1.67% | — | Outside |
| NFLX | NETFLIX INC | Long | $30.8M | 1.64% | — | Outside |
| NVDA | NVIDIA CORPORATION | Long | $28.6M | 1.53% | Custom Silicon | Covered |
| IREN | IRIS ENERGY LTD | Long | $28.5M | 1.52% | Neo-Clouds | Covered |
| NOW | SERVICENOW INC | Long | $27.7M | 1.48% | — | Outside |
| GDX | VANECK ETF TRUST | Long | $26.4M | 1.41% | — | Outside |
| CEG | CONSTELLATION ENERGY CORP | Call | $24.0M | 1.28% | AI Merchant Power | Covered |
| WDC | WESTERN DIGITAL CORP. | Long | $23.5M | 1.25% | Storage | Covered |
| Z | ZILLOW GROUP INC | Long | $22.8M | 1.22% | — | Outside |
| NBR | NABORS INDUSTRIES LTD | Long | $14.9M | 0.79% | — | Outside |
| CRDO | CREDO TECHNOLOGY GROUP HOLDI | Long | $14.0M | 0.74% | AI Networking | Covered |
| OKLO | OKLO INC | Long | $7.7M | 0.41% | — | Outside |
| BE | BLOOM ENERGY CORP | Long | $6.7M | 0.36% | AI Merchant Power | Covered |
| UBER | UBER TECHNOLOGIES INC | Long | $4.3M | 0.23% | — | Outside |
Shares and value as filed. Positions held with shared investment discretion are reported in full by each manager, so a filer's book can overlap another's.