Alkeon Capital Management: Platform Profile

Overview

Alkeon Capital Management is a New York investment manager focused on growth and innovation. Its current platform invests in transformative companies across stages of their lifecycle and includes both public-market and private-company exposure.

The manager is a crossover platform, so a public-equity filing should not be treated as a complete statement of firm assets or investment exposure.

May fit better for

• qualified investors seeking growth-oriented public and private investing;
• allocators comfortable with technology and innovation exposure;
• investors able to evaluate crossover and private-company liquidity risk;
• users who understand that options can distort headline 13F values.

May fit less well for

• retail investors seeking public self-service access;
• investors seeking broad low-volatility diversification;
• users who interpret a 13F value as firm AUM;
• investors expecting one universal minimum or fee schedule.

Alkeon is SEC registered

• Legal adviser: Alkeon Capital Management, LLC
• CRD: 118059
• SEC number: 801-60773
• SEC registration effective: 2001-12-13
• SEC registered investment adviser: Yes

The IAPD record also identifies Alkeon Capital Offshore, LLC as a relying adviser.

Current regulatory AUM is $25.3B

Current March 30, 2026 Form-ADV-derived data:

• Regulatory AUM: $25.3B
• Regulatory AUM as of: 2026-03-30
• Discretionary AUM: $25.3B
• Client accounts: 35
• Employees: 82

Q2 2026 13F value is $74.069B

Regulatory filings show:

• Q2 2026 13F value: $74.069B
• Q2 2026 13F as of: 2026-06-30
• Q2 2026 13F distinct security: 109

The Q2 filing is unusually option-heavy. Major reported lines include puts and calls on broad-market ETFs and individual companies.

Critical interpretation rule

Do not publish “Alkeon manages $74B” from the Q2 13F.

Option reporting can create very large filing values relative to regulatory AUM. The filing is useful for disclosed long securities and option positions, not as a substitute for firmwide AUM.

Current first-party identity is growth and innovation

First-party materials support:

• Growth and innovation: Yes
• Public market investing: Yes
• Private company investing: Yes
• Lifecycle investing: Yes
• Venture capital portfolio: 50+ private companies

The firm describes two decades of investing in transformative companies.

Private-fund and offering totals remain vehicle specific

Current Form D-derived data identify multiple Alkeon private vehicles, including Growth Partners and Growth PW vehicles.

Offering totals are not current NAV, regulatory AUM or a universal minimum.

Compensation methods do not establish a universal fee schedule

Current ADV-derived data show asset-based and performance-based compensation methods.

Assessment

Alkeon is the clearest metric trap in Batch 87. Its current regulatory AUM is $25.3B, while its Q2 13F reports $74.069B because the filing contains large option positions.

Those figures do not describe the same asset concept.