ZEVENBERGEN CAPITAL INVESTMENTS LLC

EDMONDS, WA · CIK 1276918 · 13F filing filed 2026-07-16

SEC-registered investment adviser since 2003 · limited liability company

Assets managed$4.6bn
Staff24 · 10 in investment roles
Main clients (by assets)Mutual funds and ETFs 51%, State and local governments 24%, High net worth individuals 18%
Websitezci.com
Form ADV · 2026-09-04SEC adviser record

Legal entityZevenbergen Capital Investments LLC (US)

Kindmutual funds
Others nearbyEdmonds, WA

$4.4bn reported value +25.9% vs Q1 2026

109positions

44.3%in top 10

9 new 31 added 55 reduced 10 sold out vs Q1 2026

This report includes the holdings of 2 other managers that share the investment decisions:

Virtus Investment Advisers, LLC – files its own report too; $43.0m of shares are in both
VIRTUS CAPITAL ADVISERS, LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	1,805,876	$361.3m8.25%	8.25%	Reduced -170.3k	-170,323 -8.6%
2	ADVANCED MICRO DEVICES INC COM AMD	AMD	411,585	$239.1m5.46%	5.46%	Reduced -148.1k	-148,133 -26.5%
3	TESLA INC COM TSLA	TSLA	534,122	$224.7m5.13%	5.13%	Reduced -3.1k	-3,072 -0.6%
4	MICRON TECHNOLOGY INC COM MU	MU	173,965	$200.8m4.59%	4.59%	Reduced -18.0k	-17,985 -9.4%
5	ALPHABET INC CAP STK CL C GOOG	GOOG	546,596	$193.1m4.41%	4.41%	Added +115	+115 0.0%
6	AXON ENTERPRISE INC COM AXON	AXON	302,151	$169.4m3.87%	3.87%	Added +13.9k	+13,940 4.8%
7	AMAZON COM INC COM AMZN	AMZN	618,334	$147.4m3.37%	3.37%	Reduced -15.0k	-14,956 -2.4%
8	APPLE INC COM AAPL	AAPL	504,171	$145.9m3.33%	3.33%	Added +2.4k	+2,356 0.5%
9	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	1,183,816	$135.2m3.09%	3.09%	Reduced -125.4k	-125,360 -9.6%
10	META PLATFORMS INC CL A META	META	220,423	$124.2m2.84%	2.84%	Reduced -4.6k	-4,590 -2.0%
11	BROADCOM INC COM AVGO	AVGO	319,150	$120.6m2.75%	2.75%	Added +6.6k	+6,590 2.1%
12	MICROSOFT CORP COM MSFT	MSFT	312,395	$116.5m2.66%	2.66%	Reduced -2.0k	-2,025 -0.6%
13	MERCADOLIBRE INC COM MELI	MELI	67,366	$114.3m2.61%	2.61%	Reduced -4.3k	-4,260 -6.0%
14	MONOLITHIC PWR SYS INC COM MPWR	MPWR	78,604	$108.7m2.48%	2.48%	Reduced -3.3k	-3,307 -4.0%
15	CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES CRDO	CRDO	399,306	$108.6m2.48%	2.48%	Reduced -3.7k	-3,655 -0.9%
16	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	139,105	$106.2m2.42%	2.42%	Reduced -8.0k	-7,983 -5.4%
17	ROCKET LAB CORP COM RKLB	RKLB	1,005,003	$102.2m2.33%	2.33%	Reduced -20.0k	-19,995 -1.9%
18	VERTIV HOLDINGS CO COM CL A VRT	VRT	279,992	$93.7m2.14%	2.14%	Reduced -20.0k	-19,970 -6.7%
19	SNOWFLAKE INC CL A SNOW	SNOW	368,329	$93.7m2.14%	2.14%	Reduced -64.8k	-64,813 -15.0%
20	ALPHABET INC CAP STK CL A GOOGL	GOOGL	223,202	$79.8m1.82%	1.82%	Reduced -3.6k	-3,578 -1.6%
21	QUANTA SVCS INC COM PWR	PWR	99,591	$71.7m1.64%	1.64%	Reduced -585	-585 -0.6%
22	NATERA INC COM NTRA	NTRA	254,549	$69.1m1.58%	1.58%	Reduced -6.9k	-6,930 -2.6%
23	APPLIED MATLS INC COM AMAT	AMAT	78,800	$57.0m1.30%	1.30%	Unchanged
24	TOAST INC CL A TOST	TOST	1,992,026	$55.4m1.27%	1.27%	Added +217.4k	+217,445 12.2%
25	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	108,665	$51.9m1.19%	1.19%	Added +41.1k	+41,115 60.9%
26	SCHWAB TOTAL STOCK MARKET INDEX COM SWTSX	SWTSX	2,509,054	$45.7m1.04%	1.04%	Reduced -1.7m	-1,720,050 -40.7%
27	KLA CORP COM NEW KLAC	KLAC	150,000	$45.3m1.03%	1.03%	Unchanged
28	DELL TECHNOLOGIES INC CL C DELL	DELL	104,190	$45.0m1.03%	1.03%	Added +400	+400 0.4%
29	KARMAN HLDGS INC COMMON STOCK KRMN	KRMN	874,574	$43.7m1.00%	1.00%	Added +248.2k	+248,190 39.6%
30	ARISTA NETWORKS INC COM SHS ANET	ANET	253,900	$43.1m0.99%	0.99%	Unchanged
31	DATADOG INC CL A COM DDOG	DDOG	160,100	$41.7m0.95%	0.95%	Reduced -3.9k	-3,895 -2.4%
32	APPLOVIN CORP COM CL A APP	APP	80,571	$41.5m0.95%	0.95%	Reduced -4.6k	-4,628 -5.4%
33	NETFLIX INC COM NFLX	NFLX	581,345	$41.5m0.95%	0.95%	Reduced -27.0k	-26,975 -4.4%
34	UBER TECHNOLOGIES INC COM UBER	UBER	573,837	$41.4m0.95%	0.95%	Reduced -207.3k	-207,314 -26.5%
35	PALO ALTO NETWORKS INC COM PANW	PANW	93,910	$32.0m0.73%	0.73%	Reduced -1.0k	-1,020 -1.1%
36	COHERENT CORP COM COHR	COHR	79,777	$31.5m0.72%	0.72%	Added +65.0k	+64,977 439.0%
37	AMPHENOL CORP CL A APH	APH	176,030	$31.0m0.71%	0.71%	Reduced -1.9k	-1,905 -1.1%
38	COMFORT SYS USA INC COM FIX	FIX	14,414	$28.6m0.65%	0.65%	New
39	SAMSARA INC COM CL A IOT	IOT	832,213	$27.0m0.62%	0.62%	Added +108.2k	+108,170 14.9%
40	MARVELL TECHNOLOGY INC COM MRVL	MRVL	89,657	$26.7m0.61%	0.61%	New
41	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	13,222	$26.3m0.60%	0.60%	Unchanged
42	VISA INC COM CL A V	V	76,348	$26.2m0.60%	0.60%	Added +10.0k	+10,040 15.1%
43	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	65,000	$24.4m0.56%	0.56%	Unchanged
44	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	51,617	$23.7m0.54%	0.54%	Reduced -25.8k	-25,804 -33.3%
45	NLIGHT INC COM LASR	LASR	336,035	$23.4m0.53%	0.53%	Added +50.5k	+50,475 17.7%
46	ARM HOLDINGS PLC SPONSORED ADS ARM	ARM	60,965	$21.6m0.49%	0.49%	Added +3.9k	+3,865 6.8%
47	QUALCOMM INC COM QCOM	QCOM	115,977	$21.4m0.49%	0.49%	Reduced -9.5k	-9,535 -7.6%
48	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	22,100	$21.3m0.49%	0.49%	Added +3.6k	+3,600 19.5%
49	SHARKNINJA INC COM SHS SN	SN	139,725	$21.3m0.49%	0.49%	Added +21.0k	+21,015 17.7%
50	NXP SEMICONDUCTORS N V COM NXPI	NXPI	73,100	$20.5m0.47%	0.47%	Unchanged
51	TRANSMEDICS GROUP INC COM TMDX	TMDX	308,391	$20.5m0.47%	0.47%	Added +21.9k	+21,870 7.6%
52	VEEVA SYS INC CL A COM VEEV	VEEV	111,527	$19.8m0.45%	0.45%	Reduced -5.2k	-5,185 -4.4%
53	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	97,664	$16.7m0.38%	0.38%	New
54	CARIS LIFE SCIENCES INC COM CAI	CAI	802,083	$14.3m0.33%	0.33%	Added +191.8k	+191,850 31.4%
55	INSULET CORP COM PODD	PODD	88,606	$13.5m0.31%	0.31%	Reduced -50.8k	-50,801 -36.4%
56	ON HLDG AG NAMEN AKT A ONON	ONON	377,471	$13.4m0.31%	0.31%	Reduced -25.6k	-25,638 -6.4%
57	XOMETRY INC CLASS A COM XMTR	XMTR	138,325	$13.4m0.30%	0.30%	Added +130.6k	+130,625 1696.4%
58	SERVICENOW INC COM NOW	NOW	120,365	$11.9m0.27%	0.27%	Reduced -235.6k	-235,649 -66.2%
59	MONGODB INC CL A MDB	MDB	33,200	$11.2m0.25%	0.25%	Unchanged
60	IONQ INC COM IONQ	IONQ	200,000	$10.7m0.24%	0.24%	New
61	ORACLE CORP COM ORCL	ORCL	65,365	$9.6m0.22%	0.22%	Reduced -29.7k	-29,655 -31.2%
62	BLOOM ENERGY CORP COM CL A BE	BE	31,590	$9.6m0.22%	0.22%	Reduced -3.5k	-3,485 -9.9%
63	JPMORGAN CHASE & CO COM JPM	JPM	28,623	$9.4m0.21%	0.21%	Reduced -370	-370 -1.3%
64	APPFOLIO INC COM CL A APPF	APPF	57,300	$9.2m0.21%	0.21%	Added +19.0k	+19,000 49.6%
65	SERVICETITAN INC SHS CL A TTAN	TTAN	121,875	$8.6m0.20%	0.20%	Added +76.1k	+76,075 166.1%
66	COSTCO WHSL CORP NEW COM COST	COST	8,203	$7.7m0.18%	0.18%	Reduced -45	-45 -0.6%
67	MIRION TECHNOLOGIES INC COM CL A MIR	MIR	400,300	$7.2m0.16%	0.16%	Added +74.0k	+74,000 22.7%
68	NEBIUS GROUP N.V. SHS CLASS A NBIS	NBIS	22,500	$6.2m0.14%	0.14%	Reduced -1.1k	-1,150 -4.9%
69	AMPRIUS TECHNOLOGIES INC COMMON STOCK AMPX	AMPX	381,420	$5.3m0.12%	0.12%	Added +144.5k	+144,545 61.0%
70	BLACKROCK INC COM BLK	BLK	4,731	$4.5m0.10%	0.10%	Added +92	+92 2.0%
71	BOOKING HOLDINGS INC COM BKNG	BKNG	25,475	$4.5m0.10%	0.10%	Reduced -2.8k	-2,825 -10.0%
72	HOME DEPOT INC COM HD	HD	10,472	$3.7m0.08%	0.08%	Reduced -665	-665 -6.0%
73	PROGRESSIVE CORP COM PGR	PGR	16,860	$3.7m0.08%	0.08%	Reduced -735	-735 -4.2%
74	AMGEN INC COM AMGN	AMGN	9,989	$3.6m0.08%	0.08%	Reduced -10	-10 -0.1%
75	PACCAR INC COM PCAR	PCAR	29,407	$3.5m0.08%	0.08%	Added +376	+376 1.3%
76	CINTAS CORP COM CTAS	CTAS	20,220	$3.4m0.08%	0.08%	Reduced -900	-900 -4.3%
77	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	116,540	$2.9m0.07%	0.07%	Unchanged
78	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	3,931	$2.9m0.07%	0.07%	Added +786	+786 25.0%
79	DEERE & CO COM DE	DE	4,465	$2.8m0.06%	0.06%	Added +75	+75 1.7%
80	JOHNSON & JOHNSON COM JNJ	JNJ	11,129	$2.8m0.06%	0.06%	Reduced -35	-35 -0.3%
81	REDDIT INC CL A RDDT	RDDT	15,240	$2.6m0.06%	0.06%	Reduced -60	-60 -0.4%
82	RUBRIK INC. CL A RBRK	RBRK	31,000	$2.5m0.06%	0.06%	Added +125	+125 0.4%
83	WASTE MGMT INC DEL COM WM	WM	11,155	$2.5m0.06%	0.06%	Unchanged
84	QUEST DIAGNOSTICS INC COM DGX	DGX	11,315	$2.4m0.05%	0.05%	Added +240	+240 2.2%
85	KRAKEN ROBOTICS INC F COM KRKNF	KRKNF	506,785	$2.3m0.05%	0.05%	Added +96.7k	+96,660 23.6%
86	NEXTERA ENERGY INC COM NEE	NEE	25,073	$2.2m0.05%	0.05%	Added +12.5k	+12,505 99.5%
87	Contemporary Amperex Technolog COM CYATY	CYATY	96,025	$2.2m0.05%	0.05%	New
88	SYMBOTIC INC CLASS A COM SYM	SYM	44,800	$2.0m0.05%	0.05%	Reduced -2.6k	-2,650 -5.6%
89	CISCO SYS INC COM CSCO	CSCO	16,090	$1.9m0.04%	0.04%	Reduced -325	-325 -2.0%
90	BLACKSTONE INC COM BX	BX	14,830	$1.7m0.04%	0.04%	Reduced -970	-970 -6.1%
91	ECOLAB INC COM ECL	ECL	6,250	$1.7m0.04%	0.04%	Added +20	+20 0.3%
92	ABBOTT LABS COM ABT	ABT	19,064	$1.7m0.04%	0.04%	Reduced -2.7k	-2,715 -12.5%
93	RIVIAN AUTOMOTIVE INC COM CL A RIVN	RIVN	96,280	$1.7m0.04%	0.04%	Reduced -7.6k	-7,600 -7.3%
94	VULCAN MATLS CO COM VMC	VMC	5,630	$1.7m0.04%	0.04%	Reduced -685	-685 -10.8%
95	STARBUCKS CORP COM SBUX	SBUX	10,432	$1.1m0.02%	0.02%	Reduced -80	-80 -0.8%
96	ISHARES TR MSCI KLD400 SOC DSI	DSI	6,075	$865.0k0.02%	0.02%	Unchanged
97	ROLLINS INC COM ROL	ROL	14,620	$610.2k0.01%	0.01%	New
98	AMERICAN EXPRESS CO COM AXP	AXP	1,600	$541.2k0.01%	0.01%	Reduced -100	-100 -5.9%
99	DISNEY WALT CO COM DIS	DIS	5,423	$522.0k0.01%	0.01%	Reduced -1.1k	-1,090 -16.7%
100	ABBVIE INC COM ABBV	ABBV	1,923	$483.9k0.01%	0.01%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
Cashmere Valley Bank CSHX	CSHX	370,059	$27.7m370.1k shares
INTUIT INTU	INTU	25,446	$11.0m25.4k shares
ARCUTIS BIOTHERAPEUTICS INC ARQT	ARQT	357,490	$8.4m357.5k shares
ZILLOW GROUP INC Z	Z	130,374	$5.4m130.4k shares
SPORTRADAR GROUP AG SRAD	SRAD	228,600	$3.8m228.6k shares
ZOETIS INC ZTS	ZTS	12,420	$1.5m12.4k shares
MAKEMYTRIP LIMITED MAURITIUS MMYT	MMYT	36,685	$1.4m36.7k shares
THE TRADE DESK INC TTD	TTD	20,235	$459.1k20.2k shares
PLANET LABS PBC PL	PL	13,100	$366.1k13.1k shares
ARES MANAGEMENT CORPORATION ARES	ARES	2,193	$239.3k2.2k shares