ZEVENBERGEN CAPITAL INVESTMENTS LLC

CIK 0001276918 · Q1 2026

13F Equity AUM

$3.5B

-22.6% QoQ

Positions

110

+5 QoQ

AUM Rank

#1,265

Top 10%

Skill Alpha (FF)

+7.5%/yr^ns

No Clear Edge

Rank #410 · Top 5%

vs S&P +7.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 28.4%Top 10: 46.2%Top 20: 68.1%

NVDA9.9%

TSLA5.7%

GOOG4.5%

SHOP4.5%

AMZN3.8%

Meta Platforms, Inc.3.7%

AAPL3.7%

MELI3.6%

AXON3.5%

MSFT3.4%

Others (100)53.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology51.6%

Consumer Cyclical14.8%

Communication Services13.2%

Industrials9.5%

Healthcare4.7%

Financial Services4.0%

Other2.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 110Median: 0.28%Avg: 0.91%

0–0.5%

66(9.1%)

0.5–1%

15(10.4%)

1–3%

18(31.0%)

3–5%

9(33.8%)

5%+

2(15.7%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 41Unique: 69vs 20 funds

0.6%Low

110

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

FMR LLC

1.4%

MORGAN STANLEY

0.8%

JPMORGAN CHASE & CO

0.8%

BANK OF AMERICA CORP /DE/

0.9%

BlackRock, Inc.

STATE STREET CORP

1.2%

GEODE CAPITAL MANAGEMENT, LLC

1.1%

VANGUARD CAPITAL MANAGEMENT LLC

1.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.4%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New10Increased39Decreased50Exited5

New Positions

SWTSX1.9%

+4.2M

Cashmere Valley Bank0.8%

+370K

TSM0.7%

+68K

LASR0.5%

+286K

SN0.4%

+119K

Seagate Technology H…0.2%

+19K

Amprius Technologies…0.1%

+237K

COHR0.1%

+15K

VMC0.1%

+6K

RBRK0.0%

+31K

Increased

Kraken Robotics Inc0.1%

+352K(+601%)

CRDO1.1%

+208K(+106%)

Mirion Technologies,…0.2%

+105K(+47%)

KRMN1.4%

+87K(+16%)

CAI0.3%

+67K(+12%)

NXP Semiconductors N…0.4%

+47K(+177%)

PODD0.8%

+26K(+23%)

CDNS0.5%

+25K(+62%)

V0.6%

+23K(+54%)

APPF0.2%

+15K(+61%)

Decreased

The Trade Desk, Inc.0.0%

-1,200,230(-98%)

Z0.2%

-487,189(-79%)

NVDA9.9%

-380,047(-16%)

SHOP4.5%

-365,561(-22%)

NOW1.1%

-254,871(-42%)

AMZN3.8%

-212,128(-25%)

UBER1.6%

-198,226(-20%)

PANW0.4%

-194,298(-67%)

NFLX1.7%

-164,955(-21%)

TSLA5.7%

-156,920(-23%)

Exited

EXAS

-302,777

Pinterest, Inc.

-370,905

Salesforce, Inc.

-17,400

PAYX

-21,173

BBNX

-13,350

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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