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Livermore
Livermore
ZHEN

Valiant Capital Management, L.P.

SEC CIK
0001452689
Latest filing
Aug 14, 2026

The latest 13F from Valiant Capital Management, L.P. covers Q2 2026 (filed Aug 14, 2026): 25 long positions worth $1.61B. The top 10 holdings make up 76.4% of the portfolio, and the largest is iShares Russell 2000 ETF at 16.1%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$79.3M
Added
6
Est. +$63.9M
Reduced
2
Est. −$20.8M
Sold out
5
Est. −$70.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Russell 2000 ETF464287655
    16.1%$259.3M
  2. SPYSPDR S&P 500 ETF Trust
    15.6%$251.2MHistory
  3. CORZCore Scientific, Inc.
    11.9%$191.3MHistory
  4. SEISolaris Energy Infrastructure, Inc.
    8.0%$129.1MHistory
  5. GEVGE Vernova Inc.
    7.1%$114.7MHistory

Share of portfolio

Top 5 holdings and the other 20 positions, by share of portfolio value

  1. iShares Russell 2000 ETF16.1%
  2. SPY15.6%
  3. CORZ11.9%
  4. SEI8.0%
  5. GEV7.1%
  6. Other 20 positions41.1%

Biggest buys

New and added positions, by estimated amount bought

  1. WULFTerawulf Inc.
    +$71.5MNewHistory
  2. SEISolaris Energy Infrastructure, Inc.
    +$39.0MAddedHistory
  3. CORZCore Scientific, Inc.
    +$15.9MAddedHistory
  4. BWBabcock & Wilcox Enterprises, Inc.
    +$7.75MNewHistory
  5. GEVGE Vernova Inc.
    +$3.59MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. WULFTerawulf Inc.
    +4.45 pp0.0% → 4.5%History
  2. CORZCore Scientific, Inc.
    +3.84 pp8.1% → 11.9%History
  3. SEISolaris Energy Infrastructure, Inc.
    +3.06 pp5.0% → 8.0%History
  4. GEVGE Vernova Inc.
    +0.65 pp6.5% → 7.1%History
  5. BWBabcock & Wilcox Enterprises, Inc.
    +0.48 pp0.0% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AGXArgan Inc
    −$32.3MSold outHistory
  2. CRMSalesforce, Inc.
    −$15.9MSold outHistory
  3. iShares Russell 2000 ETF464287655
    −$13.4MReduced
  4. WLDNWilldan Group, Inc.
    −$11.0MSold outHistory
  5. NOWServiceNow, Inc.
    −$8.66MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. AGXArgan Inc
    −2.54 pp2.5% → 0.0%History
  2. SPYSPDR S&P 500 ETF Trust
    −2.08 pp17.7% → 15.6%History
  3. iShares Russell 2000 ETF464287655
    −1.57 pp17.7% → 16.1%
  4. CRMSalesforce, Inc.
    −1.25 pp1.3% → 0.0%History
  5. WLDNWilldan Group, Inc.
    −0.86 pp0.9% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.61B
+$335.3M (+26.4%) vs. prior quarter
Positions
25
−3 vs. prior quarter
Top 10 concentration
76.4%
Top 10 as share of value
Turnover
6.4%
Q2 2026, one quarter
Average holding period
7.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.61B (Q2 2026)

Q1 2021: $1.17BQ2 2021: $1.19BQ3 2021: $938.8MQ4 2021: $709.6MQ1 2022: $772.0MQ2 2022: $643.9MQ3 2022: $548.9MQ4 2022: $418.3MQ1 2023: $574.8MQ2 2023: $702.2MQ3 2023: $836.0MQ4 2023: $802.4MQ1 2024: $848.9MQ2 2024: $848.2MQ3 2024: $731.7MQ4 2024: $747.4MQ1 2025: $927.2MQ2 2025: $1.30BQ3 2025: $1.08BQ4 2025: $1.19BQ1 2026: $1.27BQ2 2026: $1.61B
Q1 2021Q2 2026
13F filings of Valiant Capital Management, L.P. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202625$1.61BiShares Russell 2000 ETFSPYCORZvs. Q1 2026SEC
Q1 2026May 15, 202628$1.27BSPYiShares Russell 2000 ETFCORZvs. Q4 2025SEC
Q4 2025Feb 17, 202629$1.19BSPYiShares Russell 2000 ETFCORZvs. Q3 2025SEC
Q3 2025Nov 14, 202528$1.08BCORZSPYiShares Russell 2000 ETFvs. Q2 2025SEC
Q2 2025Aug 14, 202529$1.30BiShares Russell 2000 ETFSPYAGXvs. Q1 2025SEC
Q1 2025May 15, 202529$927.2MSPYiShares Russell 2000 ETFAGXvs. Q4 2024SEC
Q4 2024Feb 14, 202527$747.4MCORZCARTAGXvs. Q3 2024SEC
Q3 2024Nov 14, 202423$731.7MCARTCORZMSFTvs. Q2 2024SEC
Q2 2024Aug 14, 202424$848.2MCARTMSFTTKOvs. Q1 2024SEC
Q1 2024May 15, 202424$848.9MCARTMSFTCRMvs. Q4 2023SEC
Q4 2023Feb 13, 202420$802.4MCARTMSFTCRMvs. Q3 2023SEC
Q3 2023Nov 14, 202325$836.0MCARTMSFTTTWOvs. Q2 2023SEC
Q2 2023Aug 14, 202324$702.2MMSFTCRMAMZNvs. Q1 2023SEC
Q1 2023May 15, 202321$574.8MEDRCRMMSFTvs. Q4 2022SEC
Q4 2022Feb 13, 202316$418.3MEDRGOOGCHGGvs. Q3 2022SEC
Q3 2022Nov 14, 202221$548.9MEDRGOOGAMZNvs. Q2 2022SEC
Q2 2022Aug 15, 202226$643.9MEDRGOOGTTWOvs. Q1 2022SEC
Q1 2022May 16, 202225$772.0MEDRAMZNUBERvs. Q4 2021SEC
Q4 2021Feb 14, 202220$709.6MEDRUBERTTWOvs. Q3 2021SEC
Q3 2021Feb 28, 2022Amended23$938.8MZEDRUBERvs. Q2 2021SECSEC
Q2 2021Aug 16, 202121$1.19BZHGENPTONvs. Q1 2021SEC
Q1 2021May 17, 202119$1.17BZHGENGOOG–SEC

13D and 13G filings

Companies where Valiant Capital Management, L.P. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Valiant Capital Management, L.P. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
CORZCore Scientific, Inc.13G/A5.30%17.0M shares+0.20 ppfrom 5.10%Nov 3, 20255 filingsAug 14, 2026SEC

Latest filings

10 filings on file made by Valiant Capital Management, L.P. or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Valiant Capital Management, L.P.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
CORZCore Scientific, Inc.Aug 14, 202612:13 PM ET13G/A5.30%17.0M shares+0.20 ppfrom 5.10%Jun 30, 2026SEC
CORZCore Scientific, Inc.May 15, 20267:46 PM ET13G/A5.10%16.2M shares0.00 ppfrom 5.10%Mar 31, 2026SEC
CORZCore Scientific, Inc.Mar 12, 202612:55 PM ET13G5.10%16.2M shares+0.90 ppfrom 4.20%Mar 10, 2026SEC
CORZCore Scientific, Inc.Feb 9, 20266:08 PM ET13G/A4.20%13.1M shares−1.60 ppfrom 5.80%Below 5%Dec 31, 2025SEC
CORZCore Scientific, Inc.Nov 3, 20256:42 PM ET13G5.80%18.1M sharesNewOct 27, 2025SEC
HGENHumanigen, IncAug 10, 202213G/AOld format–––SEC
HGENHumanigen, IncFeb 14, 202213G/AOld format–––SEC
HGENHumanigen, IncFeb 16, 202113G/AOld format–––SEC
ZZillow Group, Inc.Feb 16, 202113G/AOld format–––SEC
Ribbit LEAP, Ltd.Feb 16, 202113GOld format–New–SEC