Q4 2025 · 13F-HR
Two Creeks Capital Management, LPholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000833
$1.22B
Reported value
26
Positions
2025-12-31
Period end
The Brief · Two Creeks Capital Management, LP · Q4 2025
AI · grounded in 13F
Two Creeks Capital Management, LP closed its position in FLUT, reducing exposure by $59.8M. The fund established new positions in DHR for $61.2M, U for $47M, and DKNG for $38.6M. Other activity included closing positions in TEAM and CRH, while increasing its stake in MSFT by 34.1%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 339750101 | FND | FLOOR & DECOR HLDGS INC | $83.6M | 6.86% | 1,373,531 | Common | SOLE |
| 92826C839 | V | VISA INC | $76.9M | 6.30% | 219,206 | Common | SOLE |
| 60471A101 | MIR | MIRION TECHNOLOGIES INC | $68.5M | 5.61% | 2,923,802 | Common | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $65.3M | 5.35% | 1,765,147 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $61.2M | 5.02% | 267,329 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $61.2M | 5.02% | 748,748 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $58.1M | 4.76% | 240,807 | Common | SOLE |
| N07059210 | ASML | ASML HOLDING N V | $56.3M | 4.62% | 52,625 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $52.6M | 4.31% | 2,228,146 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $51.4M | 4.21% | 89,998 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $50.3M | 4.12% | 103,980 | Common | SOLE |
| 72703H101 | PLNT | PLANET FITNESS INC | $50.0M | 4.10% | 461,206 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $49.8M | 4.09% | 132,962 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $48.0M | 3.93% | 353,550 | Common | SOLE |
| 91332U101 | U | UNITY SOFTWARE INC | $47.0M | 3.85% | 1,063,773 | Common | SOLE |
| G4124C109 | GRAB | GRAB HOLDINGS LIMITED | $44.3M | 3.63% | 8,881,384 | Common | SOLE |
| 974155103 | WING | WINGSTOP INC | $40.9M | 3.35% | 171,462 | Common | SOLE |
| 26142V105 | DKNG | DRAFTKINGS INC NEW | $38.6M | 3.17% | 1,120,460 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $38.1M | 3.12% | 344,837 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $37.9M | 3.11% | 707,665 | Common | SOLE |
| 29362U104 | ENTG | ENTEGRIS INC | $36.3M | 2.98% | 431,421 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $34.1M | 2.79% | 147,575 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $28.9M | 2.37% | 95,110 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $27.2M | 2.23% | 743,331 | Common | SOLE |
| 760125104 | RTO | RENTOKIL INITIAL PLC | $9.9M | 0.81% | 334,758 | Common | SOLE |
| 45104G104 | IBN | ICICI BANK LIMITED | $3.4M | 0.28% | 115,114 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.