Iconiq Capital 13F annual report
Iconiq Capital is an investment fund managing more than $5.74 trillion ran by Jason Craig. There are currently 48 companies in Mr. Craig’s portfolio. The largest investments include Procore Technologies and Blue Owl Capital Inc, together worth $3.47 trillion.
$5.74 trillion Assets Under Management (AUM)
As of 7th August 2024, Iconiq Capital’s top holding is 32,493,566 shares of Procore Technologies currently worth over $2.67 trillion and making up 46.5% of the portfolio value.
Relative to the number of outstanding shares of Procore Technologies, Iconiq Capital owns more than 0.2% of the company.
In addition, the fund holds 42,514,087 shares of Blue Owl Capital Inc worth $802 billion.
The third-largest holding is Datadog Inc worth $574 billion and the next is GitLab worth $391 billion, with 6,702,542 shares owned.
Currently, Iconiq Capital's portfolio is worth at least $5.74 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Iconiq Capital
The Iconiq Capital office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Jason Craig serves as the CCO and Counsel at Iconiq Capital.
Recent trades
In the most recent 13F filing, Iconiq Capital revealed that it had opened a new position in
Shopify Inc and bought 937,246 shares worth $72.3 billion.
This means they effectively own approximately 0.1% of the company.
Shopify Inc makes up
1.8%
of the fund's Technology sector allocation and has grown its share price by 24.9% in the past year.
The investment fund also strengthened its position in GitLab by buying
2,100,140 additional shares.
This makes their stake in GitLab total 6,702,542 shares worth $391 billion.
GitLab dropped 5.3% in the past year.
On the other hand, there are companies that Iconiq Capital is getting rid of from its portfolio.
Iconiq Capital closed its position in Warby Parker on 14th August 2024.
It sold the previously owned 432,908 shares for $6.1 billion.
Jason Craig also disclosed a decreased stake in Procore Technologies by approximately 0.1%.
This leaves the value of the investment at $2.67 trillion and 32,493,566 shares.
One of the largest hedge funds
The two most similar investment funds to Iconiq Capital are Snyder Capital Management L P and Zevenbergen Capital Investments. They manage $4.67 trillion and $4.67 trillion respectively.
Jason Craig investment strategy
Iconiq Capital’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 71.3% of
the total portfolio value.
The fund focuses on investments in the United States as
52.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
42% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $264 billion.
The complete list of Iconiq Capital trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Procore Technologies, Inc. |
3.88%
32,493,566
|
$2,669,996,318,000 | 46.53% |
| Blue Owl Capital Inc |
14.97%
42,514,087
|
$801,815,681,000 | 13.97% |
| Datadog Inc |
10.62%
4,642,385
|
$573,798,785,000 | 10.00% |
| GitLab Inc. |
45.63%
6,702,542
|
$390,892,250,000 | 6.81% |
| Braze Inc |
64.24%
7,669,763
|
$339,770,501,000 | 5.92% |
| Ishares Tr |
1.25%
1,804,843
|
$201,545,869,000 | 3.51% |
| BlackLine Inc |
No change
2,087,081
|
$134,783,691,000 | 2.35% |
| Enfusion, Inc. |
No change
14,039,594
|
$129,866,245,000 | 2.26% |
| Shopify Inc |
Opened
937,246
|
$72,327,274,000 | 1.26% |
| Snowflake Inc. |
71.82%
351,209
|
$54,270,386,000 | 0.95% |
| Neumora Therapeutics Inc. |
No change
3,398,628
|
$46,731,135,000 | 0.81% |
| Meta Platforms Inc |
0.12%
85,502
|
$41,518,061,000 | 0.72% |
| Vanguard World Fds |
0.34%
138,631
|
$28,300,132,000 | 0.49% |
| Vanguard Intl Equity Index F |
0.38%
796,302
|
$57,941,738,000 | 1.01% |
| Robinhood Mkts Inc |
2.14%
1,184,549
|
$23,844,971,000 | 0.42% |
| Spdr Index Shs Fds |
0.09%
645,146
|
$23,347,834,000 | 0.41% |
| Coinbase Global Inc |
1.92%
68,373
|
$18,127,050,000 | 0.32% |
| Vanguard Index Fds |
1.68%
139,984
|
$22,999,715,000 | 0.40% |
| Berkshire Hathaway Inc. |
4.06%
31,193
|
$13,117,280,000 | 0.23% |
| MercadoLibre Inc |
No change
8,637
|
$13,058,799,000 | 0.23% |
| Spdr Gold Tr |
6.48%
60,878
|
$12,523,822,000 | 0.22% |
| NVIDIA Corp |
No change
13,003
|
$11,748,991,000 | 0.20% |
| Nu Hldgs Ltd |
26.89%
628,463
|
$7,497,564,000 | 0.13% |
| Warby Parker Inc. |
Closed
432,908
|
$6,104,003,000 | |
| Kodiak Sciences Inc |
No change
1,016,864
|
$5,348,705,000 | 0.09% |
| Apple Inc |
269.97%
31,137
|
$5,339,373,000 | 0.09% |
| Ishares Inc |
No change
41,373
|
$5,239,364,000 | 0.09% |
| Uber Technologies Inc |
1,532.45%
60,662
|
$4,670,367,000 | 0.08% |
| Chromadex Corp |
No change
1,296,354
|
$4,511,312,000 | 0.08% |
| Nxp Semiconductors N V |
No change
17,472
|
$4,329,037,000 | 0.08% |
| Qualcomm, Inc. |
No change
19,555
|
$3,310,662,000 | 0.06% |
| Amazon.com Inc. |
3.62%
15,611
|
$2,815,912,000 | 0.05% |
| Ishares Gold Tr |
No change
38,140
|
$1,602,261,000 | 0.03% |
| DoorDash Inc |
No change
11,503
|
$1,584,193,000 | 0.03% |
| Intuit Inc |
0.17%
2,392
|
$1,554,800,000 | 0.03% |
| Microsoft Corporation |
14.94%
3,678
|
$1,547,408,000 | 0.03% |
| Zillow Group Inc |
No change
31,577
|
$1,540,326,000 | 0.03% |
| Ishares Tr |
Closed
45,047
|
$2,315,469,000 | |
| Vanguard World Fd |
Closed
14,335
|
$1,219,335,000 | |
| Alphabet Inc |
4.99%
14,491
|
$2,197,009,000 | 0.04% |
| Relay Therapeutics, Inc. |
No change
94,697
|
$785,985,000 | 0.01% |
| Spdr S&p 500 Etf Tr |
1.88%
783
|
$409,564,000 | 0.01% |
| JD.com Inc |
No change
13,629
|
$373,298,000 | 0.01% |
| Roblox Corporation |
No change
7,336
|
$280,088,000 | 0.00% |
| Affirm Holdings, Inc. |
24.12%
7,502
|
$279,525,000 | 0.00% |
| Take-Two Interactive Software, Inc. |
No change
1,822
|
$270,549,000 | 0.00% |
| Select Sector Spdr Tr |
0.81%
2,858
|
$269,824,000 | 0.00% |
| Oracle Corp. |
Opened
1,592
|
$199,971,000 | 0.00% |
| Alibaba Group Hldg Ltd |
38.17%
21,498
|
$155,595,000 | 0.00% |
| Mizuho Financial Group, Inc. |
No change
10,780
|
$42,904,000 | 0.00% |
| Allbirds Inc |
No change
11,500
|
$7,935,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 51 holdings | |||
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