Q2 2026 13F · SEC CIK 1389574

Nicholas Investment Partners, LP

Investment managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.6B
Reported positions: 175
Top holdings a year, 3 yrs: +28.1%
Average holding period: 1.5 yrs

Nicholas Investment Partners, LP is an investment manager that reported 175 positions worth $1.6B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Bwx Technologies Inc (BWXT, 3.4%), Revolution Medicines Inc (RVMD, 3.0%), Callaway Golf Co (MODG, 2.4%). A portfolio copying its top holdings returned 28.1% a year over the last 3 years, against 20.4% for the S&P 500.

Nicholas Investment Partners, LP holdings largest 50 of 175 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Nicholas Investment Partners, LP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BWXTBwx Technologies Inc	3.4%	4.4%	272,395	+4.0%	$53.0M
RVMDRevolution Medicines Inc	3.0%	2.1%	244,594	-6.3%	$45.8M
MODGCallaway Golf Co	2.4%	1.3%	1,954,378	+73.6%	$36.7M
MODModine Mfg Co	1.9%	1.9%	111,261	+4.8%	$29.7M
CRSCarpenter Technology Corp	1.7%	1.3%	43,653	+4.5%	$26.9M
LINCLincoln Edl Svcs Corp	1.7%	1.5%	531,935	+15.8%	$26.5M
NVDANvidia Corporation Com	1.6%	1.7%	126,682	+7.0%	$25.3M
STRLSterling Infrastructure Inc	1.6%	1.7%	30,120	-39.4%	$25.3M
AXSMAxsome Therapeutics Inc.	1.6%	1.1%	98,974	+21.5%	$24.2M
GEVGe Vernova Inc	1.6%	2.2%	20,532	-32.5%	$24.1M
XENEXenon Pharmaceuticals Inc	1.5%	1.2%	395,844	+60.2%	$23.9M
BBIOBridgebio Pharma Inc	1.5%	1.8%	311,494	+4.2%	$23.2M
LSCCLattice Semiconductor Corp	1.4%	1.1%	146,318	+4.0%	$22.4M
KTBKontoor Brands Inc Com	1.4%	—	261,117	—	$21.8M
TSMTaiwan Semiconductor Manufac	1.4%	1.1%	44,929	+9.4%	$21.5M
WTFCWintrust Financial Corp	1.4%	1.3%	130,326	+11.5%	$20.9M
SITMSitime Corp	1.3%	0.8%	27,562	+2.9%	$20.5M
TFIITfi International Inc	1.3%	1.2%	141,226	+5.7%	$20.3M
MIRMMirum Pharmaceuticals Inc	1.3%	1.0%	172,695	+31.5%	$20.2M
ELVNEnliven Therapeutics Inc	1.3%	—	391,529	—	$19.9M
AVGOBroadcom Inc	1.3%	1.3%	52,405	+0.0%	$19.8M
SPHRSphere Entertainment Co	1.3%	1.0%	114,396	+5.2%	$19.8M
DNTHDianthus Therapeutics Inc	1.2%	—	186,769	—	$18.2M
AMZNAmazon Com Inc Com	1.2%	1.2%	75,046	+6.7%	$17.9M
CYTKCytokinetics Inc	1.1%	—	209,071	—	$17.8M
CCJCameco Corp Com	1.1%	1.5%	173,899	+0.3%	$17.7M
AEISAdvanced Energy Inds	1.1%	1.1%	45,677	+13.2%	$17.0M
SKTTanger Inc	1.1%	1.1%	430,134	+5.2%	$17.0M
RSIRush Street Interactive Inc	1.1%	1.0%	564,544	+4.0%	$16.8M
MPWRMonolithic Power Systms Inc	1.1%	1.1%	12,129	+0.8%	$16.8M
KLACKla Corp	1.1%	—	55,492	—	$16.7M
POWLPowell Industries Inc	1.1%	0.8%	58,444	+215.6%	$16.7M
OFRMOnce Upon A Farm Pbc	1.0%	—	784,166	—	$16.1M
RYTMRhythm Pharmaceuticals Inc	1.0%	—	139,270	—	$15.5M
FTAIFtai Aviation Ltd	1.0%	1.3%	56,344	-10.1%	$15.2M
ROIVRoivant Sciences Ltd	1.0%	—	419,280	—	$14.8M
XOMExxon Mobil Corp	0.9%	1.5%	105,500	+0.0%	$14.4M
LTHLife Time Group Holdings Inc	0.9%	—	348,728	—	$14.2M
PARRPar Pac Holdings Inc	0.9%	1.3%	250,545	-0.1%	$14.1M
MTSIMacom Tech Solutions Hldgs I	0.9%	0.9%	36,127	-27.1%	$13.7M
SMTCSemtech Corp	0.9%	—	84,478	—	$13.7M
GSGoldman Sachs Group Inc	0.8%	0.9%	13,000	+0.0%	$13.1M
XPOXpo Inc	0.8%	1.0%	63,583	-0.2%	$13.1M
HAPNLendingclub Corp	0.8%	—	624,366	—	$12.9M
SHOOMadden Steven Ltd	0.8%	—	290,447	—	$12.2M
PLPlanet Labs Pbc	0.8%	0.8%	355,366	+5.2%	$11.8M
ATROAstronics Corp	0.8%	—	144,186	—	$11.7M
ONTOOnto Innovation Inc	0.7%	—	29,952	—	$11.3M
AGXArgan, Inc.	0.7%	—	14,190	—	$11.3M
GOOGAlphabet Inc	0.7%	—	31,202	—	$11.0M

What Nicholas Investment Partners, LP bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +22.8% /yr; S&P 500 +20.1%
3 years: +28.1% /yr; S&P 500 +20.4%
5 years: +12.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.6B	175
Q1 2026	$1.2B	178
Q4 2025	$1.2B	177
Q3 2025	$1.1B	181
Q2 2025	$999.7M	183
Q1 2025	$863.4M	166
Q4 2024	$1.0B	183
Q3 2024	$978.9M	184
Q2 2024	$859.9M	157
Q1 2024	$886.1M	168
Q4 2023	$775.0M	163
Q3 2023	$1.3B	150

Questions about Nicholas Investment Partners, LP's portfolio

What stocks does Nicholas Investment Partners, LP own?

Nicholas Investment Partners, LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 175 positions worth $1.6B. The largest are Bwx Technologies Inc (BWXT) at 3.4%, Revolution Medicines Inc (RVMD) at 3.0%, Callaway Golf Co (MODG) at 2.4%, Modine Mfg Co (MOD) at 1.9% and Carpenter Technology Corp (CRS) at 1.7%.

What did Nicholas Investment Partners, LP buy last quarter?

In Q2 2026, Nicholas Investment Partners, LP added Powell Industries Inc (POWL) (+215.6% shares), Callaway Golf Co (MODG) (+73.6% shares) and Xenon Pharmaceuticals Inc (XENE) (+60.2% shares), compared with its Q1 2026 filing.

What did Nicholas Investment Partners, LP sell last quarter?

In Q2 2026, Nicholas Investment Partners, LP cut from its top 50 Insmed Inc (INSM), cut from its top 50 Kratos Defense & Sec Solutio (KTOS), cut from its top 50 Embraer S.a. (EMBJ), cut from its top 50 Century Alum Co (CENX), cut from its top 50 Nuvalent Inc (NUVL), Sterling Infrastructure Inc (STRL) (-39.4% shares), Ge Vernova Inc (GEV) (-32.5% shares) and Macom Tech Solutions Hldgs I (MTSI) (-27.1% shares), compared with its Q1 2026 filing.

How has Nicholas Investment Partners, LP's portfolio performed?

A portfolio copying Nicholas Investment Partners, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +28.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +22.8% against +20.1%. Over 5 years: +12.1% a year against +11.6%.

When is Nicholas Investment Partners, LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Nicholas Investment Partners, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.