Valiant Capital Management, L.P.
Valiant Capital Management, L.P. is a hedge fund founded in 2008 and based in San Francisco, California. Led by President and Founder Christopher R. Hansen, the firm manages global long/short equity, India long-only, and private growth equity strategies. As of 2025, Valiant Capital has a 17-year track record, with approximately 28 employees, focusing on serving institutional and high-net-worth investors.
Investment Strategy
Valiant Capital Management employs a fundamentally-driven global long/short equity strategy, with a focus on technology, media, telecommunications, and emerging market opportunities. The firm seeks to generate alpha through intensive bottom-up research, active security selection, and dynamic risk management. In addition to its flagship long/short product, Valiant runs India-focused long-only and private growth equity strategies, investing in both public and private markets to maximize risk-adjusted returns for its clients.
Top Holdings
Equity Positions (28)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I IWM | ISHARES TR | 6.01% | $103.6M | 480,107 | $199.49 | $215.79 | +$5.2M |
A AGX | ARGAN INC | 4.98% | $85.9M | 389,615 | $128.52 | $220.48 | +$30.7M |
G GEV | GE VERNOVA INC | 4.98% | $85.8M | 162,153 | $292.94 | $529.15 | +$38.5M |
C CORZ | CORE SCIENTIFIC INC NEW | 4.75% | $82.0M | 4,801,524 | $10.91 | $17.07 | +$49.9M |
A AVGO | BROADCOM INC | 3.75% | $64.7M | 234,740 | $155.45 | $275.65 | +$28.7M |
Options Positions (5)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
Q QQQ | INVESCO QQQ TR | Bought | Put | $209.6M | 3,800 | $551.64 | $551.64 | +3,800 | +$209.6M |
G GLD | SPDR GOLD TR | Sold | Call | $128.0M | 4,200 | $304.83 | $218.10 | -1,800 | -$44.9M |
T TSM | TAIWAN SEMICONDUCTOR MFG LTD | — | Call | $120.6M | 5,324 | $226.49 | $155.27 | 0 | +$32.2M |
C CORZ | CORE SCIENTIFIC INC NEW | Bought | Call | $65.4M | 38,300 | $17.07 | $9.81 | +10,000 | +$44.9M |
A ABR | ARBOR REALTY TRUST INC | Sold | Put | $6.4M | 6,007 | $10.70 | $12.86 | -29,821 | -$35.7M |
Industry Allocation
Investment Team (8)
| Name | Role | Location | |
|---|---|---|---|
B Brian Holmquest | Investment Analyst | San Francisco, CA , United States | |
C Carey Wilkinson | Partner | San Francisco, CA , United States | |
 | Partner | San Francisco, CA , United States | |
D David Goldberg | Partner | San Francisco, CA , United States | |
 | analyst | London, United Kingdom | |
 | Senior Analyst | San Francisco, CA , United States | |
 | Valiant Capital Partners | Lafayette, CA , United States | |
 | Analyst | CA , United States |