Institutional
Two Creeks Capital Management, LP
CIK 0001606430
$973.8M
Reported AUM
22
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Two Creeks Capital Management, LP · Q1 2026
AI · grounded in 13F
Two Creeks Capital Management, LP exited its position in LOW for a reduction of $58.1M. The fund also closed positions in CPNG and DKNG, reducing exposure by $52.6M and $38.6M respectively. On the buy side, the manager established a new position in ESE worth $50.9M and added AAP with a $26.8M investment. Additionally, the fund increased its holdings in TSM by 91.3% and TLN by 69.1%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Ticker | Issuer | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|
| 1 | TLN | TALEN ENERGY CORP | $71.8M | 7.37% | +91,817 | +69.1% |
| 2 | UBER | UBER TECHNOLOGIES INC | $71.1M | 7.30% | +239,694 | +32.0% |
| 3 | DHR | DANAHER CORP DEL | $67.4M | 6.92% | +88,180 | +33.0% |
| 4 | V | VISA INC | $66.7M | 6.85% | +1,588 | +0.7% |
| 5 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $61.5M | 6.31% | +86,829 | +91.3% |
| 6 | FND | FLOOR & DECOR HLDGS INC | $58.9M | 6.05% | -213,141 | -15.5% |
| 7 | MSFT | MICROSOFT CORP | $58.7M | 6.03% | +54,624 | +52.5% |
| 8 | ESE | ESCO TECHNOLOGIES INC | $50.9M | 5.23% | +180,938 | NEW |
| 9 | MIR | MIRION TECHNOLOGIES INC | $45.5M | 4.68% | -474,743 | -16.2% |
| 10 | MA | MASTERCARD INCORPORATED | $45.3M | 4.65% | +651 | +0.7% |
| 11 | ABNB | AIRBNB INC | $45.0M | 4.62% | +2,775 | +0.8% |
| 12 | PLNT | PLANET FITNESS MASTER ISSUER | $44.9M | 4.61% | +142,720 | +30.9% |
| 13 | CMG | CHIPOTLE MEXICAN GRILL INC | $44.4M | 4.56% | -376,878 | -21.4% |
| 14 | U | UNITY SOFTWARE INC | $43.5M | 4.47% | +919,910 | +86.5% |
| 15 | ASML | ASML HLDG NV | $43.5M | 4.46% | -19,716 | -37.5% |
| 16 | GRAB | GRAB HOLDINGS LIMITED | $32.8M | 3.36% | +69,703 | +0.8% |
| 17 | AAP | ADVANCE AUTO PARTS INC | $26.8M | 2.75% | +507,900 | NEW |
| 18 | WING | WINGSTOP INC | $26.8M | 2.75% | +1,346 | +0.8% |
| 19 | FCX | FREEPORT MCMORAN INC | $23.5M | 2.41% | +399,816 | NEW |
| 20 | CNM | CORE & MAIN INC | $20.0M | 2.06% | +405,639 | NEW |
| 21 | HDB | HDFC BANK LTD | $14.2M | 1.46% | -172,177 | -23.2% |
| 22 | RTO | RENTOKIL INITIAL PLC | $10.5M | 1.08% | — | HELD |
| 23 | LOW | LOWES COS INC | — | — | -240,807 | EXITED |
| 24 | CPNG | COUPANG INC | — | — | -2,228,146 | EXITED |
| 25 | DKNG | DRAFTKINGS INC NEW | — | — | -1,120,460 | EXITED |
| 26 | EXE | EXPAND ENERGY CORPORATION | — | — | -344,837 | EXITED |
| 27 | EQT | EQT CORP | — | — | -707,665 | EXITED |
| 28 | ENTG | ENTEGRIS INC | — | — | -431,421 | EXITED |
| 29 | AMZN | AMAZON COM INC | — | — | -147,575 | EXITED |
| 30 | IBN | ICICI BANK LIMITED | — | — | -115,114 | EXITED |
Source: SEC EDGAR · accession 0001172661-26-002355. 13F discloses long positions only — shorts, foreign equities, and options are excluded.