13F
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ICONIQ Capital, LLC

13F equity value
$4.5B
Positions
82
Top 10 concentration
82.2%
Quarters / total new picks
27 / 424
13F equity value over time
$0M$9B$17B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 27 quarters, returned +10.9% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 55.6% of quarters (excess t = 1.98, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+12.7%
t-stat
1.98
Quarterly win rate
56%
Annualized excess
+24.9%
$1 → follow vs universe
$5.97 vs $1.42
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320190331: universe 0.98520190630: universe 1.05920190930: universe 1.13920191231: universe 0.91920200331: universe 1.10820200630: universe 1.22420200930: universe 1.50120201231: universe 1.56920210331: universe 1.58320210930: universe 1.42120211231: universe 1.20920220331: universe 1.29820220630: universe 1.20320221231: universe 1.11720230331: universe 1.17720230630: universe 1.13520231231: universe 1.18620240331: universe 1.21220240630: universe 1.32320240930: universe 1.31120241231: universe 1.22420250331: universe 1.33420250630: universe 1.37620251231: universe 1.423 20180331: follow 1.16720180630: follow 1.14020180930: follow 1.93920190331: follow 1.73020190630: follow 1.66320190930: follow 2.47320191231: follow 2.01220200331: follow 4.05920200630: follow 4.62720200930: follow 8.64220201231: follow 9.15420210331: follow 11.34120210930: follow 7.21420211231: follow 5.42820220331: follow 5.43320220630: follow 4.58020221231: follow 6.59620230331: follow 5.83820230630: follow 5.32420231231: follow 4.27120240331: follow 5.13320240630: follow 5.68220240930: follow 5.89720241231: follow 5.91620250331: follow 6.02320250630: follow 6.11520251231: follow 5.972 0.85 6.55 12.25 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 82 · 2026 Q1

Ticker Value Weight QoQ
PCOR $833M
18.7%
HOLD
TTAN $732M
16.4%
HOLD
NTSK $563M
12.6%
HOLD
OWL $314M
7.0%
ADD
SHOP $291M
6.5%
HOLD
GOOGL $225M
5.1%
HOLD
CHYM $207M
4.6%
TRIM
NVDA $191M
4.3%
HOLD
ACWI $182M
4.1%
HOLD
AVGO $132M
3.0%
HOLD
HOOD $102M
2.3%
ADD
BL $77M
1.7%
HOLD
TSM $67M
1.5%
ADD
NOW $63M
1.4%
HOLD
AMD $59M
1.3%
HOLD
MSFT $55M
1.2%
HOLD
AMZN $52M
1.2%
HOLD
KOD $48M
1.1%
HOLD
CRWD $32M
0.7%
HOLD
APP $28M
0.6%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

FDNQQQ

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.