13F Insight
DOSSIER · 13F-HR · Q1 2026

Valiant Capital Management, L.P.

$1.7B in tracked AUM across 34 positions as of Q1 2026.

VC
CIK 0001452689 · last filed Mar 31, 2026
Total AUM
$1.7B
as of Q1 2026
Holdings
34
—
positions
Whale Score
70
70
strong
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

Valiant Capital Management, L.P. reported a significant contraction in portfolio size for the quarter ending September 30, 2025. The total portfolio value decreased by 46.9%, dropping from approximately $1.83 billion to $971.04 million. This reduction in assets under management (AUM) is driven not only by market movements but by a substantial shift in strategy, evidenced by the disposal of 12 positions and the reduction of 16 existing stakes. The portfolio remains highly ...

Key Holdings

The portfolio is currently dominated by Core Scientific Inc. (CORZ), which accounts for 19.05% of the total value ($185.02M). This represents a massive overweight in a single volatile asset, indicating strong conviction in the crypto-mining or high-performance computing sector. The firm also maintains a significant allocation to liquidity and hedging instruments, with the SPDR Gold Trust (GLD) and the SPDR S&P 500 ETF (SPY) comprising 11.91% and 10.60% of the portfolio, respectively.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
SPY
SPDR S&P 500 ETF TR
$225M346K12.9%02
IWM
ISHARES TR
$225M908K12.9%03
CORZ
CORE SCIENTIFIC INC NEW
$198M13.3M11.4%04
AMZN
AMAZON COM INC
$163M780K9.3%05
TSM
TAIWAN SEMICONDUCTOR MANUFAC
$138M409K7.9%06
GEV
GE VERNOVA INC
$83M95K4.7%07
SEI
SOLARIS ENERGY INFRAS INC
$63M1.1M3.6%08
PUMP
PROPETRO HLDG CORP
$58M4.0M3.3%09
APO
APOLLO GLOBAL MGMT INC
$48M430K2.8%10
GRDN
GUARDIAN PHARMACY SVCS INC
$45M1.2M2.6%

Filing history

2026Q1Mar 31
$1.7B▼ 1.5%
34 positionsView →2025Q4Dec 31
$1.8B▲ 82.1%
33 positionsView →2025Q3Sep 30
$971M▼ 46.9%
24 positionsView →2025Q2Jun 30
$1.8B▲ 103.9%
34 positionsLocked2025Q1Mar 31
$896M▼ 43.2%
25 positionsLocked2024Q4Dec 31
$1.6B▼ 12.9%
33 positionsLocked2024Q3Sep 30
$1.8B▼ 3.4%
32 positionsLocked2024Q2Jun 30
$1.9B▲ 18.8%
34 positionsLocked2024Q1Mar 31
$1.6B▼ 22.7%
33 positionsLocked2023Q4Dec 31
$2.0B▲ 96.7%
26 positionsLocked2023Q3Sep 30
$1.0B▼ 2.3%
28 positionsLocked2023Q2Jun 30
$1.1B▼ 15.9%
26 positionsLocked
Showing 12 of 63