SCGE Management
SCGE Management, led by Chris Hohn, is a prominent investment firm known for its focused approach to investing, primarily in technology and growth sectors. Hohn, who has a reputation for strategic, value-driven investments, emphasizes long-term capital appreciation through deep fundamental analysis. The firm maintains a concentrated portfolio, reflecting its commitment to investing in companies it believes have sustainable competitive advantages.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings — not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares — not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with ≥$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 21 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| NVDA | $529.1M | 16.03% | $174.40 | $195.88 | +12.3% | 16.0% | |
| GOOGL | $461.0M | 13.97% | $287.39 | $367.80 | +28.0% | 14.0% | |
| MSFT | $282.4M | 8.56% | $369.37 | $389.74 | +5.5% | 8.6% | |
| AMZN | $245.5M | 7.44% | $208.27 | $245.57 | +17.9% | 7.4% | |
| AVGO | $245.3M | 7.44% | $309.02 | $368.76 | +19.3% | 7.4% | |
| DASH | $239.3M | 7.25% | $150.15 | $194.62 | +29.6% | 7.3% | |
| ASML | $181.2M | 5.49% | $1317.95 | $1732.42 | +31.4% | 5.5% | |
| SE | $147.0M | 4.45% | $82.81 | $104.65 | +26.4% | 4.5% | |
| META | $146.9M | 4.45% | $571.60 | $616.52 | +7.9% | 4.5% | |
| TSLA | $138.1M | 4.19% | $371.75 | $402.63 | +8.3% | 4.2% | |
| NOW | $118.7M | 3.60% | $104.55 | $111.05 | +6.2% | 3.6% | |
| NTSK | $93.0M | 2.82% | $8.49 | $12.14 | +43.0% | 2.8% | |
| SNOW | $80.7M | 2.45% | $150.82 | $263.36 | +74.6% | 2.5% | |
| CHYM | $78.3M | 2.37% | $18.73 | $21.11 | +12.7% | 2.4% | |
| TTAN | $78.0M | 2.36% | $63.46 | $79.46 | +25.2% | 2.4% | |
| KLAR | $68.9M | 2.09% | $13.09 | $19.42 | +48.4% | 2.1% | |
| CRDO | $62.3M | 1.89% | $93.87 | $241.82 | +157.6% | 1.9% | |
| Z | $52.3M | 1.59% | $41.38 | $32.72 | -20.9% | 1.6% | |
| SNDK | $40.0M | 1.21% | $635.34 | $1589.53 | +150.2% | 1.2% | |
| CART | $10.5M | 0.32% | $37.46 | $48.27 | +28.9% | 0.3% | |
| FIG | $1.3M | 0.04% | $21.14 | $22.58 | +6.8% | 0.0% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (2)
| Ticker | Issuer | Notional | Since Filing |
|---|---|---|---|
| NTSK | $93.0M | +43.0% | |
| SNDK | $40.0M | +150.2% |
Exited Positions (1)
| Ticker | Issuer | Notional |
|---|---|---|
| CVNA | $87.8M |
Increased (2)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| CRDO | $-19.7M | +16.5% | +157.6% | |
| AVGO | $-5.9M | +9.2% | +19.3% |
Trimmed (8)
| Ticker | Issuer | Notional | Shares Δ | Since Filing |
|---|---|---|---|---|
| ASML | $-62.7M | -39.8% | +31.4% | |
| Z | $-84.0M | -36.7% | -20.9% | |
| SNOW | $-94.1M | -32.9% | +74.6% | |
| META | $-81.5M | -25.8% | +7.9% | |
| MSFT | $-129.6M | -10.5% | +5.5% | |
| NVDA | $-91.0M | -8.8% | +12.3% | |
| AMZN | $-52.5M | -8.7% | +17.9% | |
| TSLA | $-44.9M | -8.7% | +8.3% |
Quarter Activity
During the quarter, SCGE Management initiated new positions in NTSK and SNDK, valued at $93 million and $40 million respectively. The fund exited its position in CVNA, which was previously valued at $88 million. Additionally, there were notable concentration shifts, with increased investments in CRDO and AVGO, and significant reductions in holdings of ASML, Z, SNOW, META, and MSFT.
AI Commentary
<p>SCGE Management's portfolio showcases a strong concentration in the technology sector, with top holdings including NVIDIA CORPORATION (NVDA) at 16.0%, ALPHABET INC (GOOGL) at 14.0%, and MICROSOFT CORP (MSFT) at 8.6%. Other significant investments include AMAZON COM INC (AMZN) and BROADCOM INC (AVGO), each constituting 7.4% of the portfolio. This sector focus is further emphasized by substantial positions in companies like DOORDASH INC (DASH), ASML HLDG NV (ASML), and META PLATFORMS INC (META), highlighting the fund's conviction in tech-driven growth and innovation as central themes.</p> <p>The recent portfolio adjustments signal a nuanced shift in SCGE Management’s investment strategy. The initiation of positions in NTSK and SNDK, alongside the closure of the position in CVNA, suggests a strategic realignment possibly due to evolving market conditions or company-specific factors. Notably, the fund has increased its stake in BROADCOM INC (AVGO) by 9% and CRDO by 16%, indicating a bolstered confidence in these entities. Conversely, substantial reductions in ASML (-40%), Z (-37%), SNOW (-33%), META (-26%), and MSFT (-10%) could reflect risk mitigation in response to perceived vulnerabilities or sectoral overexposures, aligning with a more cautious approach amidst a dynamic technological landscape.</p>