We break down the stocks Neil Mehta (Greenoaks) bought, sold, and held in Q3 2024, including their holdings at the end of the quarter. All data sourced from Greenoaks' 13F filed on November 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 Q3 2024
New positions
Greenoaks did not establish any new positions during Q3 2024.
Bought
Greenoaks significantly increased its stake in Coupang (CPNG) by adding 1.75 million shares, while also building larger positions in Toast (TOST) with an additional 444,000 shares and Procore Technologies (PCOR) with 260,000 more shares.
Sold
Greenoaks completely exited three positions, liquidating all holdings in Upwork (UPWK), Zillow Group (Z), and Zillow (ZG) worth a combined $14 million. The firm also made substantial reductions to existing positions, most notably slashing its New York Times (NYT) stake by 95% and trimming positions in Klaviyo (KVYO), Maplebear (CART), DoorDash (DASH), and Carvana (CVNA).
Holdings at the end of Q3 2024
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| CVNA | Carvana | 54.6% | Trimmed (-0%) | $1.02B |
| CPNG | Coupang | 15.3% | Added (+18%) | $284.97M |
| TOST | Toast | 12.5% | Added (+6%) | $232.52M |
| KVYO | Klaviyo | 4.4% | Trimmed (-8%) | $81.97M |
| SE | Sea | 3.8% | $71.36M | |
| AMZN | Amazon | 2.6% | $48.45M | |
| DASH | DoorDash | 2.2% | Trimmed (-15%) | $40.43M |
| PCOR | Procore Technologies | 2.1% | Added (+69%) | $39.43M |
| CART | Maplebear | 1.3% | Trimmed (-20%) | $24.8M |
| SNOW | Snowflake | 1.0% | $19.53M | |
| NYT | New York Times | 0.1% | Trimmed (-95%) | $1.99M |
| SOND | Sonder | 0.0% | $234.49K | |
| UPWK | Upwork | 0.0% | Exited | $0 |
| Z | Zillow Group | 0.0% | Exited | $0 |
| ZG | Zillow | 0.0% | Exited | $0 |
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