Dream Peak Capital Ltd

2. Key Holdings

The portfolio is dominated by a massive overweight position in Synopsys Inc. (SNPS), which appears to account for approximately 70.2% of the total portfolio value when combining the two reported line items ($352.85M + $328.80M). This represents an aggregate of roughly 1.45 million shares. Such a sizable stake suggests an extremely strong bullish outlook on the semiconductor design and AI infrastructure sectors.

The third-largest holding is Viking Holdings Ltd, representing 23.04% of the portfolio ($223.74M). This indicates a significant bet on the luxury travel and cruise industry. Outside of the top three, positions are marginal, with Entegris Inc (ENTG) at 2.78%, Carvana Co (CVNA) at 1.93%, Duolingo Inc (DUOL) at 1.89%, and Wix.com Ltd at 0.15%. The drastic drop-off in value between the third and fourth positions (from ~$223M to ~$27M) highlights the fund's barbell strategy, focusing capital almost exclusively on their top ideas while maintaining very small "satellite" positions in other growth names.