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Two Creeks Capital Management, LP

Q2 2025 · Filed 2025-08-14
Market Value
$1.4B
-6.1%
Holdings
26
+1
New Purchases
4
Added To
2
Closed
2
Reduced
17
Top 10 Concentration
59.3%
Turnover
23.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TLN 6.89% 2.56% +4.33% $98M
TEAM 3.48% 0.00% +3.48% $49M
MSFT 3.13% 0.00% +3.13% $45M
ASML 5.11% 2.28% +2.83% $73M
TYL 1.98% 0.00% +1.98% $28M
UBER 6.36% 5.16% +1.20% $90M
WING 4.42% 4.05% +0.37% $63M
MA 4.32% 3.99% +0.33% $61M
CPNG 4.65% 4.42% +0.23% $66M
RTO 0.13% 0.00% +0.13% $2M
CRH.L 5.68% 5.55% +0.13% $81M
EXE 3.06% 2.97% +0.09% $44M
ABNB 4.51% 4.44% +0.07% $64M
IBN 0.27% 0.24% +0.03% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ADBE 0.00% 5.33% -5.33% $0
ICLR 0.00% 3.20% -3.20% $0
KLAC 1.83% 4.32% -2.49% $26M
V 5.77% 7.19% -1.43% $82M
EQT 5.05% 6.17% -1.12% $72M
MLM 1.54% 2.48% -0.94% $22M
LOW 5.56% 6.46% -0.90% $79M
CMG 5.53% 6.29% -0.76% $79M
FND 8.65% 9.41% -0.75% $123M
PLNT 4.15% 4.86% -0.71% $59M
HDB 3.59% 4.19% -0.60% $51M
IDXX 4.32% 4.45% -0.13% $61M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $287M 20.2%
Large Cap 17 $890M 62.6%
Mid Cap 4 $245M 17.2%

Portfolio Analytics

Avg Market Cap
$233.7B
Median Market Cap
$43.2B
Avg P/E
25.7
Median P/E
24.8
Avg Dividend Yield
0.01%
Avg Beta
1.07
# Stocks
26
# ETFs / Funds
0

Top Holdings (26 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 FND 8.65% 1,619,457 $123M $75.96 -$19M -149,402 -8.4%
2 TLN 6.89% 336,885 $98M $290.77 $59M +142,652 +73.4%
3 UBER 6.36% 969,003 $90M $93.30 $12M -101,850 -9.5%
4 V 5.77% 230,958 $82M $355.05 -$27M -79,715 -25.7%
5 CRH.L 5.68% 879,163 $81M $91.80 -$3M -74,919 -7.8%
6 LOW 5.56% 356,030 $79M $221.87 -$19M -63,133 -15.1%
7 CMG 5.53% 1,400,372 $79M $56.15 -$17M -494,578 -26.1%
8 ASML 5.11% 90,730 $73M $801.39 $38M +38,543 +73.9%
9 EQT 5.05% 1,231,711 $72M $58.32 -$22M -515,376 -29.5%
10 CPNG 4.65% 2,206,297 $66M $29.96 -$783K -843,585 -27.7%
11 ABNB 4.51% 484,784 $64M $132.34 -$3M -77,741 -13.8%
12 WING 4.42% 186,811 $63M $336.74 $2M -85,116 -31.3%
13 IDXX 4.32% 114,459 $61M $536.34 -$6M -45,795 -28.6%
14 MA 4.32% 109,214 $61M $561.94 $975K -974 -0.9%
15 PLNT 4.15% 540,979 $59M $109.05 -$15M -220,476 -28.9%
16 HDB 3.59% 665,970 $51M $76.67 -$12M -288,644 -30.2%
17 TEAM 3.48% 243,585 $49M $203.09 +243,585 NEW
18 MSFT 3.13% 89,471 $45M $497.41 +89,471 NEW
19 EXE 3.06% 372,278 $44M $116.94 -$1M -31,717 -7.8%
20 TYL 1.98% 47,504 $28M $592.84 +47,504 NEW
21 KLAC 1.83% 29,089 $26M $895.74 -$39M -67,041 -69.7%
22 MLM 1.54% 39,913 $22M $548.96 -$16M -38,580 -49.1%
23 IBN 0.27% 115,114 $4M $33.64 $244K
24 RTO 0.13% 79,590 $2M $24.00 +79,590 NEW
25 ICLR —% -$48M -276,531 -100.0% SOLD
26 ADBE —% -$81M -210,203 -100.0% SOLD

Options Breakdown

0 Calls $0 Call Value 2 Puts $22M Put Value

Top Puts

SymbolSharesValueStatus
IRDM 525,700 $16M NEW
SAM 30,000 $6M NEW

New Positions

SymbolValue% Port
TEAM $49M 3.48%
MSFT $45M 3.13%
TYL $28M 1.98%
RTO $2M 0.13%

Sold Out Positions

SymbolValue% Port
ICLR —%
ADBE —%
View SEC EDGAR Filings for Two Creeks Capital Management, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms