We break down the stocks Neil Mehta (Greenoaks) bought, sold, and held in Q2 2024, including their holdings at the end of the quarter. All data sourced from Greenoaks' 13F filed on August 14, 2024.
Who are Neil Mehta and Greenoaks?
Greenoaks is a concentrated investment firm founded in 2012 by Neil Mehta, a former Benchmark partner. The firm maintains the conviction that only a small handful of companies truly define each generation. With approximately $7 billion under management, Greenoaks employs a high-conviction, research-intensive approach to identify these exceptional businesses across both private and public markets. Mehta's strategy involves building deep partnerships with intensely focused management teams and maintaining positions for decades as these companies execute their long-term vision.
Greenoaks.com
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Portfolio Changes in Q2 2024
New positions
Greenoaks did not initiate any new positions during Q2 2024.
Bought
Greenoaks added to two existing positions, increasing their stake in Coupang (CPNG) by 918,789 shares and significantly expanding their position in Procore Technologies (PCOR) by 182,667 shares, nearly doubling their holdings in the construction software company.
Sold
Greenoaks trimmed two positions during the quarter, reducing their Toast (TOST) holdings by 671,972 shares and selling 160,090 shares of Carvana (CVNA), though both remain significant positions in the portfolio.
Holdings at the end of Q2 2024
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| CVNA | Carvana | 50.7% | Trimmed (-3%) | $753.65M |
| CPNG | Coupang | 13.9% | Added (+10%) | $206.49M |
| TOST | Toast | 13.5% | Trimmed (-8%) | $200.22M |
| KVYO | Klaviyo | 4.2% | $62.52M | |
| SE | Sea | 3.6% | $54.06M | |
| AMZN | Amazon | 3.4% | $50.24M | |
| DASH | DoorDash | 2.4% | $36.25M | |
| NYT | New York Times | 2.3% | $34.88M | |
| PCOR | Procore Technologies | 1.7% | Added (+93%) | $25.12M |
| CART | Maplebear | 1.6% | $24.39M | |
| SNOW | Snowflake | 1.5% | $22.97M | |
| UPWK | Upwork | 0.8% | $11.37M | |
| Z | Zillow Group | 0.1% | $1.37M | |
| ZG | Zillow | 0.1% | $1.26M | |
| SOND | Sonder | 0.0% | $231.99K |
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