# EDGAR Filing Document

**Accession Number:** 0001133742
**File Stem:** 0001162044-25-001158
**Filing Date:** 2025-11
**Character Count:** 13838
**Document Hash:** 8482f7846ce57eb65fc635b4580bf4f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-25-001158.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001162044-25-001158

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERKSHIRE CAPITAL HOLDINGS INC
- **CENTRAL INDEX KEY:** 0001133742

**ORGANIZATION NAME:**
- **EIN:** 770330031

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06289
- **FILM NUMBER:** 251484884

**BUSINESS ADDRESS:**
- **STREET 1:** 475 MILAN DRIVE
- **STREET 2:** SUITE 103
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95134
- **BUSINESS PHONE:** 408-526-0707

**MAIL ADDRESS:**
- **STREET 1:** 475 MILAN DRIVE
- **STREET 2:** SUITE 103
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95134

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BERKSHIRE CAPITAL HOLDINGS INC<br>**Address:** 475 Milan Drive<br>Suite 103<br>San Jose, CA 95134

**Form 13F File Number:** 028-06289

**CRD Number (if applicable):** 000107175

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Malcolm R Fobes III<br>**Title:** President<br>**Phone:** 408-526-0707

**Signature, Place, and Date of Signing:**

Malcolm R Fobes III  San Jose, CA  11-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 111

**Form 13F Information Table Value Total:** $329250686

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| NVIDIA Corp. | NVDA | 67066G104 |  | 78699444 | 421800 | SH |  | SOLE |  | 421800 | 0 | 0 |
| Tesla Inc. | TSLA | 88160R101 |  | 23303328 | 52400 | SH |  | SOLE |  | 52400 | 0 | 0 |
| CoreWeave Inc. | CRWV | 218735108 |  | 20998264 | 153440 | SH |  | SOLE |  | 153440 | 0 | 0 |
| Robinhood Markets Inc. | HOOD | 770700102 |  | 20854167 | 145650 | SH |  | SOLE |  | 145650 | 0 | 0 |
| AppLovin Corporation | APP | 03831W108 |  | 19874816 | 27660 | SH |  | SOLE |  | 27660 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Company Ltd. ADR | TSM | 874039100 |  | 16371980 | 58620 | SH |  | SOLE |  | 58620 | 0 | 0 |
| Palantir Technologies Inc. Class A | PLTR | 69608A108 |  | 16178830 | 88690 | SH |  | SOLE |  | 88690 | 0 | 0 |
| DoorDash Inc. Class A | DASH | 25809K105 |  | 16134447 | 59320 | SH |  | SOLE |  | 59320 | 0 | 0 |
| Alibaba Group Holding Ltd. ADR | BABA | 01609W102 |  | 16126808 | 90230 | SH |  | SOLE |  | 90230 | 0 | 0 |
| Cloudflare Inc. Class A | NET | 18915M107 |  | 15662924 | 72990 | SH |  | SOLE |  | 72990 | 0 | 0 |
| Coinbase Global Inc. Class A | COIN | 19260Q107 |  | 13172235 | 39030 | SH |  | SOLE |  | 39030 | 0 | 0 |
| Argan Inc. | AGX | 04010E109 |  | 13089324 | 48470 | SH |  | SOLE |  | 48470 | 0 | 0 |
| Rolls-Royce Holdings plc | RYCEY | 775781206 |  | 9906138 | 611490 | SH |  | SOLE |  | 611490 | 0 | 0 |
| Nebius Group N.V. | NBIS | 000980552 |  | 9742791 | 86780 | SH |  | SOLE |  | 86780 | 0 | 0 |
| Roblox Corporation Class A | RBLX | 771049103 |  | 9582814 | 69180 | SH |  | SOLE |  | 69180 | 0 | 0 |
| Carvana Co. Class A | CVNA | 146869102 |  | 9517765 | 25230 | SH |  | SOLE |  | 25230 | 0 | 0 |
| BWX Technologies Inc. | BWXT | 05605H100 |  | 8095687 | 43910 | SH |  | SOLE |  | 43910 | 0 | 0 |
| Meta Platforms Inc. Class A | META | 30303M102 |  | 5250817 | 7150 | SH |  | SOLE |  | 7150 | 0 | 0 |
| iShares Ethereum Trust | ETHA | 46438R105 |  | 3256559 | 103350 | SH |  | SOLE |  | 103350 | 0 | 0 |
| Bitmine Immersion Technologies Inc. | BMNR | 09175A206 |  | 3196811 | 61560 | SH |  | SOLE |  | 61560 | 0 | 0 |
| MercadoLibre Inc. (Argentina) | MELI | 58733R102 |  | 23369 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Netflix Inc. | NFLX | 64110L106 |  | 11989 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| KLA Corporation | KLAC | 482480100 |  | 10786 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| ASML Holding N.V. ADR | ASML | N07059111 |  | 9681 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Monolithic Power Systems Inc. | MPWR | 609839105 |  | 9206 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| ServiceNow Inc. | NOW | 81762P102 |  | 9203 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Axon Enterprise Inc. | AXON | 05464C101 |  | 7176 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Spotify Technology S.A. (Luxembourg) | SPOT | L8681T102 |  | 6980 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Intuit Inc. | INTU | 461202103 |  | 6829 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| GE Vernova Inc. | GEV | 36828A101 |  | 6149 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Invesco QQQ ETF | QQQ | 46090E103 |  | 6004 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Microsoft Corp. | MSFT | 594918104 |  | 5180 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| CrowdStrike Holdings Inc. Class A | CRWD | 22788C105 |  | 4904 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Cyberark Software LTD (Israel) | CYBR | M2682V108 |  | 4832 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| HubSpot Inc. | HUBS | 443573100 |  | 4678 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Talen Energy Corporation | TLN | 87422Q109 |  | 4254 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Palo Alto Networks Inc. | PANW | 697435105 |  | 4072 | 20 | SH |  | SOLE |  | 20 | 0 | 0 |
| Eaton Corporation PLC | ETN | 0088KQN82 |  | 3743 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Broadcom Ltd. | AVGO | 11135F101 |  | 3299 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Constellation Energy Corporation | CEG | 21037T109 |  | 3291 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| VanEck Semiconductor ETF | SMH | 92189F676 |  | 3264 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Micro Strategy Inc. Class A | MSTR | 594972408 |  | 3222 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| MongoDB Inc. Class A | MDB | 60937P106 |  | 3104 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| GE Aerospace | GE | 369604301 |  | 3008 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Zscaler Inc. | ZS | 98980G102 |  | 2997 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Oracle Corp. | ORCL | 68389X105 |  | 2812 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Take-Two Interactive Software Inc. | TTWO | 874054109 |  | 2584 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Apple Inc. | AAPL | 037833100 |  | 2546 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Flutter Entertainment PLC | FLUT | 00BWT6H89 |  | 2540 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Celestica Inc. | CLS | 15101Q207 |  | 2464 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Alphabet Inc. Class A | GOOGL | 02079K305 |  | 2431 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Reddit Inc. | RDDT | 75734B100 |  | 2300 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Snowflake Inc. Class A | SNOW | 833445109 |  | 2256 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Amazon.com Inc. | AMZN | 023135106 |  | 2196 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Applied Materials Inc. | AMAT | 038222105 |  | 2047 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Vistra Corp. | VST | 92840M102 |  | 1959 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Astera Labs Inc. | ALAB | 04626A103 |  | 1958 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| monday.com Ltd. | MNDY | 001176213 |  | 1937 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Sea Ltd. (Singapore) | SE | 81141R100 |  | 1787 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Micron Technology Inc. | MU | 595112103 |  | 1673 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Qualcomm Inc. | QCOM | 747525103 |  | 1664 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Advanced Micro Devices Inc. | AMD | 007903107 |  | 1618 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Vertiv Holdings Co | VRT | 92537N108 |  | 1509 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Shopify Inc. Class A (Canada) | SHOP | 82509L107 |  | 1486 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Arista Networks Inc. | ANET | 040413205 |  | 1457 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Ciena Corp. | CIEN | 171779309 |  | 1457 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Credo Technology Group Holding LTD | CRDO | G25457105 |  | 1456 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Datadog Inc. Class A | DDOG | 23804L103 |  | 1424 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Dell Technologies Inc. | DELL | 24703L202 |  | 1418 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Arm Holdings plc | ARM | 042068205 |  | 1415 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Lam Research Corp. | LRCX | 512807108 |  | 1339 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Circle Internet Group Inc. | CRCL | 172573107 |  | 1326 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Western Digital Corp. | WDC | 958102105 |  | 1201 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Netapp Inc. | NTAP | 64110D104 |  | 1185 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| iShares Expanded Tech-Software Sector ETF | IGV | 464287515 |  | 1150 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Oklo Inc. | OKLO | 02156V109 |  | 1116 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Coherent Corp. | COHR | 19247G107 |  | 1077 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Roku Inc. Class A | ROKU | 77543R102 |  | 1001 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Uber Technologies Inc. | UBER | 90353T100 |  | 980 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Okta Inc. Class A | OKTA | 679295105 |  | 917 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Bloom Energy Corporation | BE | 093712107 |  | 846 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Marvell Technology Inc. | MRVL | 573874104 |  | 841 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Pure Storage Inc. Class A | PSTG | 74624M102 |  | 838 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Corning Inc. Glass Works | GLW | 219350105 |  | 820 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Tempus AI Inc. | TEM | 88023B103 |  | 807 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Zillow Group Inc. Class C | Z | 98954M101 |  | 771 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Affirm Holdings Inc. Class A | AFRM | 00827B106 |  | 731 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Block Inc. | XYZ | 852234103 |  | 723 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| ishares Bitcoin Trust | IBIT | 46438F101 |  | 650 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| IonQ Inc. | IONQ | 46222L108 |  | 615 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| CAVA Group Inc. | CAVA | 148929102 |  | 604 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Dutch Bros Inc. | BROS | 26701L100 |  | 523 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| The Trade Desk Inc. Class A | TTD | 88339J105 |  | 490 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Super Micro Computer Inc. | SMCI | 86800U104 |  | 479 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Rocket Lab Corporation | RKLB | 773122106 |  | 479 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| GitLab Inc. | GTLB | 37637K108 |  | 451 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| DraftKings Inc. Class A | DKNG | 26142R104 |  | 374 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Toast Inc. | TOST | 888787108 |  | 365 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Sandisk Corp. | SNDK | 80004C101 |  | 337 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| Rigetti Computing Inc. | RGTI | 76655K103 |  | 298 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| SoFi Technologies Inc. | SOFI | 83406F102 |  | 264 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| D-Wave Quantum Inc. | QBTS | 26740W109 |  | 247 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Rocket Companies Inc. | RKT | 77311W101 |  | 194 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| QXO Inc. | QXO | 82846H405 |  | 191 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Quantum Computing Inc. | QUBT | 74766W108 |  | 184 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Core Scientific Inc. | CORZ | 21874A106 |  | 179 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Rivian Automotive Inc. Class A | RIVN | 76954A103 |  | 147 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| CleanSpark Inc. | CLSK | 18452B209 |  | 145 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Dynamix Corporation Class A | ETHM | G2949D104 |  | 104 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Opendoor Technologies Inc. | OPEN | 683712103 |  | 80 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |
| Aurora Innovation Inc. | AUR | 051774107 |  | 54 | 10 | SH |  | SOLE |  | 10 | 0 | 0 |

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