Tremblant Capital: 13F holdings, Q2 2026
Emerging, concentrated · SEC EDGAR filings (CIK 0001353312) · Explore on the interactive board
Tremblant Capital disclosed 58 US equity positions worth $3.5bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is VRNS at 4.5% of the reported book, followed by SMTC, LYV. The top ten holdings are 37.1% of the book, and the portfolio behaves like about 39 equal-weight positions. Versus the prior filing it opened 7 new positions, added to 22, reduced 27 and exited 6.
What does Tremblant Capital own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 7 new, 22 added, 27 reduced, 6 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | VRNS VARONIS SYS INC | Technology | 4.5% | $157.3m | 3,749,840 | 5% | added |
| 2 | SMTC SEMTECH CORP | Technology | 4.1% | $143.6m | 887,268 | – | new |
| 3 | LYV LIVE NATION ENTERTAINMENT IN | Communication Services | 3.9% | $135.8m | 741,878 | -2% | reduced |
| 4 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 3.9% | $134.7m | 293,314 | 5% | added |
| 5 | MKSI MKS INC. | Technology | 3.8% | $131.4m | 295,385 | -10% | reduced |
| 6 | DASH DOORDASH INC | Consumer Cyclical | 3.6% | $124.1m | 672,273 | -1% | reduced |
| 7 | CPNG COUPANG INC | Consumer Cyclical | 3.5% | $120.7m | 6,950,075 | 41% | added |
| 8 | AFRM AFFIRM HLDGS INC | Financial Services | 3.4% | $119.4m | 1,464,129 | 5% | added |
| 9 | FORM FORMFACTOR INC | Technology | 3.3% | $114.1m | 713,450 | – | new |
| 10 | BE BLOOM ENERGY CORP | Industrials | 3.2% | $111.1m | 366,911 | -33% | reduced |
| 11 | TKO TKO GROUP HOLDINGS INC | Communication Services | 3.1% | $108.9m | 540,968 | -10% | reduced |
| 12 | RDDT REDDIT INC | Communication Services | 3.0% | $104.2m | 600,346 | 5% | added |
| 13 | MDB MONGODB INC | Technology | 2.9% | $102.0m | 303,538 | 13% | added |
| 14 | WING WINGSTOP INC | Consumer Cyclical | 2.7% | $94.8m | 546,553 | 15% | added |
| 15 | NET CLOUDFLARE INC | Technology | 2.7% | $94.4m | 384,993 | 31% | added |
| 16 | QTWO Q2 HLDGS INC | Technology | 2.5% | $88.6m | 1,842,165 | 8% | added |
| 17 | HWM HOWMET AEROSPACE INC | Industrials | 2.5% | $87.4m | 324,954 | -8% | reduced |
| 18 | GRAB HOLDINGS LIMITED | 2.5% | $86.9m | 23,045,100 | -5% | reduced | |
| 19 | LITE LUMENTUM HLDGS INC | Technology | 2.4% | $82.8m | 96,453 | -37% | reduced |
| 20 | CMG CHIPOTLE MEXICAN GRILL INC | Consumer Cyclical | 2.3% | $78.9m | 2,319,529 | -0% | held |
| 21 | WH WYNDHAM HOTELS & RESORTS INC | Consumer Cyclical | 2.2% | $77.4m | 919,053 | -9% | reduced |
| 22 | TLN TALEN ENERGY CORP | Utilities | 2.2% | $76.0m | 197,712 | 25% | added |
| 23 | RKLB ROCKET LAB CORP | Industrials | 2.0% | $68.7m | 676,072 | -10% | reduced |
| 24 | WAB WABTEC | Industrials | 2.0% | $68.2m | 252,814 | -6% | reduced |
| 25 | COR CENCORA INC | Healthcare | 1.9% | $67.2m | 237,486 | 11% | added |
| 26 | FTAI AVIATION LTD | 1.8% | $63.1m | 233,414 | -1% | reduced | |
| 27 | EME EMCOR GROUP INC | Industrials | 1.6% | $55.8m | 67,255 | -2% | reduced |
| 28 | TRGP TARGA RES CORP | Energy | 1.5% | $52.5m | 195,782 | -2% | reduced |
| 29 | FCFS FIRSTCASH HOLDINGS INC | Financial Services | 1.3% | $43.9m | 203,059 | 46% | added |
| 30 | CVNA CARVANA CO | Consumer Cyclical | 1.2% | $41.5m | 630,952 | 391% | added |
| 31 | BWXT BWX TECHNOLOGIES INC | Industrials | 1.2% | $40.6m | 208,548 | -18% | reduced |
| 32 | ROKU ROKU INC | Communication Services | 1.1% | $39.1m | 283,003 | -71% | reduced |
| 33 | SBUX STARBUCKS CORP | Consumer Cyclical | 1.1% | $38.8m | 379,456 | -33% | reduced |
| 34 | VLO VALERO ENERGY CORP | Energy | 1.0% | $36.2m | 139,187 | -2% | reduced |
| 35 | DDOG DATADOG INC | Technology | 1.0% | $34.9m | 134,035 | – | new |
| 36 | MNDY MONDAY COM LTD | Technology | 1.0% | $33.7m | 464,851 | 183% | added |
| 37 | IDXX IDEXX LABS INC | Healthcare | 1.0% | $33.4m | 63,437 | -2% | reduced |
| 38 | NCLH NORWEGIAN CRUISE LINE HLDGS | Consumer Cyclical | 0.9% | $31.9m | 1,512,176 | -42% | reduced |
| 39 | GH GUARDANT HEALTH INC | Healthcare | 0.9% | $29.7m | 197,795 | – | new |
| 40 | UBER UBER TECHNOLOGIES INC | Technology | 0.8% | $28.9m | 400,556 | -69% | reduced |
| 41 | SOFI SOFI TECHNOLOGIES INC | Financial Services | 0.8% | $28.3m | 1,578,915 | -2% | reduced |
| 42 | ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 0.8% | $28.0m | 92,940 | -2% | reduced |
| 43 | ONDS ONDAS INC | Technology | 0.8% | $27.7m | 3,366,218 | – | new |
| 44 | DIS DISNEY WALT CO | Communication Services | 0.7% | $26.1m | 271,194 | 3% | added |
| 45 | PODD INSULET CORP | Healthcare | 0.7% | $23.8m | 156,111 | 46% | added |
| 46 | MELI MERCADOLIBRE INC | Consumer Cyclical | 0.7% | $22.7m | 13,372 | -0% | held |
| 47 | ATEC ALPHATEC HLDGS INC | Healthcare | 0.6% | $22.3m | 2,577,799 | 18% | added |
| 48 | AMZN AMAZON COM INC | Consumer Cyclical | 0.6% | $21.1m | 88,686 | -21% | reduced |
| 49 | NTRA NATERA INC | Healthcare | 0.6% | $19.3m | 71,016 | – | new |
| 50 | INSM INSMED INC | Healthcare | 0.5% | $18.2m | 170,670 | -2% | reduced |
What did Tremblant Capital sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| PANW PALO ALTO NETWORKS INC | 37.6% | $80.9m |
| ROL ROLLINS INC | 23.6% | $50.7m |
| AXON AXON ENTERPRISE INC | 16.5% | $35.6m |
| NCNO NCINO INC | 12.9% | $27.6m |
| WBD WARNER BROS DISCOVERY INC | 6.3% | $13.5m |
| LION LIONSGATE STUDIOS CORP | 3.1% | $6.7m |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 30.4% |
| Consumer Cyclical | 18.9% |
| Communication Services | 16.0% |
| Industrials | 12.4% |
| Healthcare | 6.9% |
| Financial Services | 5.8% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 58 | $3.5bn |
| Q1 2026 | 57 | $3.1bn |
| Q4 2025 | 68 | $3.9bn |
| Q3 2025 | 39 | $969.0m |
| Q2 2025 | 43 | $1.0bn |
| Q1 2025 | 44 | $815.9m |
| Q4 2024 | 44 | $953.1m |
| Q3 2024 | 39 | $885.3m |
| Q2 2024 | 39 | $877.9m |
| Q1 2024 | 38 | $889.7m |
| Q4 2023 | 37 | $875.0m |
| Q3 2023 | 38 | $833.0m |
| Q2 2023 | 36 | $900.2m |
| Q1 2023 | 36 | $888.7m |
| Q4 2022 | 35 | $1.1bn |
| Q3 2022 | 31 | $1.6bn |
Earliest filing: Q4 2005 · 83 quarters on file
How concentrated is Tremblant Capital's portfolio?
Across every quarter Tremblant Capital has filed, its median largest position is 7.6% of the book and its median top-ten weight is 55.6%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 542 completed holding spells, the median lasted 3.0 quarters; 58 positions are still open and their final length is unknown.