Think Investments LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Think Investments LP maintained a portfolio of 29 distinct positions. The most significant new addition to the portfolio was BLACK HILLS CORP, which now represents 6.19% of the total fund value. They heavily accumulated shares in MARVELL TECHNOLOGY I, increasing their position by 57.8%. Conversely, Think Investments LP completely exited their position in ALPHABET INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
29
Quarter
2025 Q4
Top Holding
AMZN (8.4%)
Top 10 Concentration
55.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-29 of 29
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
AMZN
AMAZON COM INC
Consumer Cyclical 8.37% 9.44% #1 1
Prev: #2
6.3 no change no change
P
S
325,275 $75,079,976 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MRVL
MARVELL TECHNOL...
Technology 7.08% 5.27% #2 7
Prev: #9
7.3 273,811 57.8%
P
S
747,811 $63,548,979 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BKH
BLACK HILLS COR...
CALL
CALL Option 6.19% #3
Prev: #—
7.0 800,000 no change
NEW
800,000 $55,536,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SMTC
SEMTECH CORP
Technology 5.47% 7.75% #4
Prev: #4
3.2 -154,000 -18.8%
P
S
666,400 $49,107,016 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 5.24% 5.73% #5 2
Prev: #7
5.1 77,952 32.1%
P
S
320,500 $46,978,890 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RDDT
REDDIT INC
Communication Services 5.08% 10.09% #6 5
Prev: #1
2.0 -133,618 -40.2%
P
S
198,382 $45,602,070 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TASK
TASKUS INC
Technology 4.91% 8.81% #7 4
Prev: #3
3.0 no change no change
P
S
3,734,665 $44,031,700 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CORZ
CORE SCIENTIFIC...
Technology 4.54% #8
Prev: #—
5.3 2,799,600 no change
NEW
2,799,600 $40,762,176 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IBN
ICICI BANK LIMI...
Financial Services 4.29% 5.16% #9 1
Prev: #10
2.7 no change no change
P
S
1,292,200 $38,507,560 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TTMI
TTM TECHNOLOGIE...
Technology 4.24% 6.04% #10 5
Prev: #5
1.7 -241,596 -30.5%
P
S
551,504 $38,053,776 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BKH
BLACK HILLS COR...
Utilities 4.16% #11
Prev: #—
5.2 537,637 no change
NEW
537,637 $37,322,761 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GTLB
GITLAB INC
Technology 4.13% 5.89% #12 6
Prev: #6
2.7 no change no change
P
S
988,200 $37,087,146 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MELI
MERCADOLIBRE IN...
Consumer Cyclical 4.11% 5.65% #13 5
Prev: #8
2.6 no change no change
P
S
18,300 $36,860,958 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ATAT
ATOUR LIFESTYLE...
Consumer Cyclical 3.94% 4.46% #14 2
Prev: #12
2.6 no change no change
P
S
897,500 $35,361,500 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRCL
CIRCLE INTERNET...
Financial Services 3.22% #15
Prev: #—
4.8 364,700 no change
NEW
364,700 $28,920,710 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
CALL
CALL Option 3.17% #16
Prev: #—
4.8 1,700,000 no change
NEW
1,700,000 $28,458,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CLS
CELESTICA INC
Technology 3.04% 3.22% #17 2
Prev: #15
1.7 -6,500 -6.6%
P
S
92,300 $27,284,803 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RKT
ROCKET COS INC
Financial Services 3.02% #18
Prev: #—
4.7 1,400,000 no change
NEW
1,400,000 $27,104,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SIMO
SILICON MOTION ...
Technology 2.99% 3.63% #19 5
Prev: #14
2.2 no change no change
P
S
289,300 $26,818,110 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FUTU
FUTU HLDGS LTD
Financial Services 2.87% 5.12% #20 9
Prev: #11
1.1 -65,900 -29.6%
P
S
156,900 $25,764,549 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MRVL
MARVELL TECHNOL...
CALL
CALL Option 2.84% #21
Prev: #—
4.6 300,000 no change
NEW
300,000 $25,494,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COMP
COMPASS INC
Real Estate 2.49% 2.80% #22 6
Prev: #16
1.5 -519,800 -19.7%
P
S
2,117,900 $22,386,203 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SE
SEA LTD
Consumer Cyclical 2.47% 4.11% #23 10
Prev: #13
2.0 no change no change
P
S
174,000 $22,197,180 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QFIN
QFIN HOLDINGS I...
Financial Services 0.75% 1.33% #24 4
Prev: #20
1.3 no change no change
P
S
349,900 $6,742,573 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BE
BLOOM ENERGY CO...
Industrials 0.72% #25
Prev: #—
3.8 74,800 no change
NEW
74,800 $6,499,372 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CORZ
CORE SCIENTIFIC...
CALL
CALL Option 0.65% #26
Prev: #—
3.8 400,000 no change
NEW
400,000 $5,824,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 0.00% 1.39%
Sold All 😨
(Was: #19)
0.0 -43,163 -100.0%
CLOSED
$— 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SNAP
SNAP INC
Communication Services 0.00% 2.05%
Sold All 😨
(Was: #18)
0.0 -2,016,200 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 0.00% 2.06%
Sold All 😨
(Was: #17)
0.0 -47,300 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-29 of 29 holdings

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