NZS Capital, LLC
NZS Capital, LLC is an employee-owned investment adviser founded in 2019 and headquartered in Denver, Colorado. The firm manages global growth equity portfolios primarily for institutional clients and is known for its focus on complex adaptive systems and applying biological thinking to investing. NZS Capital employs approximately 13 professionals and emphasizes win-win outcomes across all stakeholders through its 'Non-Zero Sumness' philosophy. The firm is independently owned and seeks to serve institutions and professional investors.
Investment Strategy
NZS Capital invests globally across growth equities using a complexity-informed approach that recognizes the unpredictability and interconnectedness of markets. The firm's philosophy centers on creating benefits for all stakeholders, believing that such companies are long-term winners. Its portfolio construction splits investments into 'Resilience'—larger positions in stable, adaptive companies with predictable outcomes—and 'Optionality'—smaller, higher risk/reward positions in disruptors with significant upside potential. NZS aims to manage risk through adaptability, diversification, and minimizing reliance on narrow predictions, focusing on long-term compounding and sustainable business practices.
Top Holdings
Equity Positions (60)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GOOG | ALPHABET INC | 5.88% | $173.1M | 975,863 | $129.04 | $177.39 | +$28.0M |
C CDNS | CADENCE DESIGN SYSTEM INC | 5.54% | $163.0M | 528,839 | $219.54 | $308.15 | +$49.0M |
N NVDA | NVIDIA CORPORATION | 4.79% | $140.8M | 891,332 | $77.38 | $157.99 | +$63.8M |
A APH | AMPHENOL CORP NEW | 4.44% | $130.6M | 1,322,943 | $51.61 | $98.75 | +$40.4M |
P PGR | PROGRESSIVE CORP | 3.70% | $109.0M | 408,366 | $174.60 | $266.86 | +$13.3M |
Industry Allocation
Investment Team (1)
| Name | Role | Location | |
|---|---|---|---|
 | President | Denver, CO , United States |