Two Creeks Capital Management, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Two Creeks Capital Management, LP maintained a portfolio of 30 distinct positions. The most significant new addition to the portfolio was DANAHER CORPORATION, which now represents 5.02% of the total fund value. They heavily accumulated shares in VISA INC, increasing their position by 2.4%. Conversely, Two Creeks Capital Management, LP completely exited their position in FLUTTER ENTMT PLC.
PCA Score Concentration Risk
Risk ENB
Total Positions
30
Quarter
2025 Q4
Top Holding
FND (6.9%)
Top 10 Concentration
52.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 30
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
FND
FLOOR & DECOR H...
Consumer Cyclical 6.86% 7.95% #1
Prev: #1
5.2 -126,847 -8.5%
P
S
1,373,531 $83,634,303 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 6.30% 5.25% #2 4
Prev: #6
4.5 5,231 2.4%
P
S
219,206 $76,877,736 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MIR
MIRION TECHNOLO...
Industrials 5.61% 6.02% #3 1
Prev: #4
3.7 -674,961 -18.8%
P
S
2,923,802 $68,475,443 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CMG
CHIPOTLE MEXICA...
Consumer Cyclical 5.35% 6.84% #4 2
Prev: #2
2.6 -663,836 -27.3%
P
S
1,765,147 $65,310,439 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DHR
DANAHER CORPORA...
Healthcare 5.02% #5
Prev: #—
6.0 267,329 no change
NEW
267,329 $61,196,955 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 5.02% 5.93% #6 1
Prev: #5
2.5 -93,191 -11.1%
P
S
748,748 $61,180,199 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LOW
LOWES COS INC
Consumer Cyclical 4.76% 4.88% #7
Prev: #7
2.4 -29,342 -10.9%
P
S
240,807 $58,073,016 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ASML
ASML HOLDING N ...
Technology 4.62% 6.43% #8 5
Prev: #3
1.8 -39,727 -43.0%
P
S
52,625 $56,301,383 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CPNG
COUPANG INC
Consumer Cyclical 4.31% 3.84% #9 6
Prev: #15
4.2 571,279 34.5%
P
S
2,228,146 $52,561,964 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
MASTERCARD INCO...
Financial Services 4.21% 4.14% #10 2
Prev: #12
2.2 -11,186 -11.1%
P
S
89,998 $51,378,058 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 4.12% 2.89% #11 8
Prev: #19
4.1 26,466 34.1%
P
S
103,980 $50,286,808 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PLNT
PLANET FITNESS ...
Consumer Cyclical 4.10% 4.09% #12 1
Prev: #13
2.1 -86,834 -15.8%
P
S
461,206 $50,027,015 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TLN
TALEN ENERGY CO...
Utilities 4.09% 4.43% #13 5
Prev: #8
2.1 -11,851 -8.2%
P
S
132,962 $49,839,476 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ABNB
AIRBNB INC
Consumer Cyclical 3.93% 4.31% #14 5
Prev: #9
1.6 -139,901 -28.4%
P
S
353,550 $47,983,806 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
U
UNITY SOFTWARE ...
Technology 3.85% #15
Prev: #—
5.0 1,063,773 no change
NEW
1,063,773 $46,986,853 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GRAB
GRAB HOLDINGS L...
Technology 3.63% 4.18% #16 5
Prev: #11
2.0 -781,368 -8.1%
P
S
8,881,384 $44,318,106 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WING
WINGSTOP INC
Consumer Cyclical 3.35% 2.87% #17 3
Prev: #20
3.3 12,997 8.2%
P
S
171,462 $40,891,972 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DKNG
DRAFTKINGS INC ...
Consumer Cyclical 3.17% #18
Prev: #—
4.8 1,120,460 no change
NEW
1,120,460 $38,611,052 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EXE
EXPAND ENERGY C...
Energy 3.12% 2.86% #19 2
Prev: #21
1.7 -29,402 -7.9%
P
S
344,837 $38,056,211 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EQT
EQT CORP
Energy 3.11% 4.04% #20 6
Prev: #14
1.2 -325,610 -31.5%
P
S
707,665 $37,930,844 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ENTG
ENTEGRIS INC
Technology 2.98% 3.37% #21 3
Prev: #18
1.7 -74,801 -14.8%
P
S
431,421 $36,347,219 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 2.79% #22
Prev: #—
4.6 147,575 no change
NEW
147,575 $34,063,262 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 2.37% #23
Prev: #—
4.4 95,110 no change
NEW
95,110 $28,902,978 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HDB
HDFC BANK LTD
Financial Services 2.23% 1.81% #24 2
Prev: #22
1.4 6,436 0.9%
P
S
743,331 $27,161,315 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RTO
RENTOKIL INITIA...
Industrials 0.81% 0.61% #25 1
Prev: #24
0.8 -3,920 -1.2%
P
S
334,758 $9,861,971 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FLUT
FLUTTER ENTMT P...
Consumer Cyclical 0.00% 4.30%
Sold All 😨
(Was: #10)
0.0 -235,362 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TEAM
ATLASSIAN CORPO...
Technology 0.00% 3.50%
Sold All 😨
(Was: #16)
0.0 -305,032 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CRH
CRH PLC
Basic Materials 0.00% 3.40%
Sold All 😨
(Was: #17)
0.0 -394,350 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TYL
TYLER TECHNOLOG...
Technology 0.00% 1.81%
Sold All 😨
(Was: #23)
0.0 -47,983 -100.0%
CLOSED
$— 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 30 holdings

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