WhaleCreep

Tremblant Capital Group 13F holdings, Q1 2010

Hedge fundSEC filingsCompare with another fundHoldings as of 2010-03-31, filed 2010-05-17

Tremblant Capital Group disclosed 50 US equity positions worth $2.5bn in its Q1 2010 13F filing. Its largest position is PG at 15.7% of the reported book, followed by MA and V. Versus Q4 2009 it opened 11 new positions, added to 14, reduced 20 and exited 15.

$2.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
50
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
15.7%
Largest position
The largest single position as a share of the reported equity book.
57.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
19
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
83
Quarters on file since Q4 2005
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2009: 11 new, 14 added, 20 reduced, 15 exited

50 rows
PG PROCTER & GAMBLE COConsumer Defensive15.7%$389m6.15m−18%reduced
MA MASTERCARD INCFinancial Services7.5%$187m738,022−21%reduced
V VISA INCFinancial Services7.0%$173m1.90m+25%added
DIRECTV no ticker–6.9%$172m5.10m+973%added
HO1 HOLOGIC INC–3.8%$94.7m5.11m−38%reduced
MLCO MELCO RESORTS AND ENTMNT LTDConsumer Cyclical3.5%$87.8m18.29m−6.9%reduced
CVS CVS HEALTH CORPHealthcare3.4%$84.0m2.30m+15%added
LOW LOWES COS INCConsumer Cyclical3.3%$81.3m3.35m+325%added
AAPL APPLE INCTechnology3.2%$79.3m337,287−16%reduced
IMAX IMAX CORPCommunication Services2.9%$71.6m3.98m−11%reduced
GREEN MTN COFFEE ROASTERS IN no ticker–2.6%$65.4m675,547−33%reduced
CAKE CHEESECAKE FACTORY INCConsumer Cyclical2.6%$63.7m2.35m+99%added
OMNICARE INC no ticker–2.4%$58.8m2.08m+13%added
SCHW SCHWAB CHARLES CORPFinancial Services2.3%$56.6m3.03m−9.3%reduced
BIDU BAIDU INCCommunication Services2.3%$56.3m94,259−40%reduced
LIBERTY MEDIA CORP NEW LIB STAR no ticker–2.1%$53.2m973,530+4.7%added
M Macy's, IncConsumer Cyclical2.1%$52.9m2.43m−65%reduced
APOLLO ED GROUP INC no ticker–2.0%$49.3m803,921+36%added
UNP UNION PACIFIC CORPIndustrials1.9%$48.3m658,315−50%reduced
F FORD MTR COConsumer Cyclical1.7%$41.2m3.28m−24%reduced
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical1.6%$39.7m352,241−47%reduced
KRAFT FOODS INC no ticker–1.6%$38.7m1.28m–new
BAC BANK OF AMER CORPFinancial Services1.5%$37.3m2.09m–new
IART INTEGRA LIFESCIENCES HLDGS CHealthcare1.5%$36.7m837,854−33%reduced
CYEUR CYPRESS SEMICONDUCTOR CORP–1.4%$34.6m3.00m+294%added
MONSANTO CO NEW no ticker–1.3%$32.6m456,900+75%added
SBAC SBA COMMUNICATIONS CORPReal Estate1.2%$30.3m838,944–new
GREATBATCH INC no ticker–1.0%$24.4m1.15m+72%added
ECLIPSYS CORP no ticker–0.8%$21.1m1.06m−19%reduced
LIBERTY INTERACTIVE CORP no ticker–0.8%$20.5m1.34m−46%reduced
EQIX EQUINIX INCReal Estate0.8%$19.4m199,656+69%added
AGA MED HLDGS INC no ticker–0.8%$19.3m1.19m0.0%held
NUANEUR NUANCE COMMUNICATIONS INC–0.8%$18.9m1.14m+55%added
COCA COLA ENTERPRISES INC no ticker–0.8%$18.9m684,587–new
GS GOLDMAN SACHS GROUP INCFinancial Services0.7%$18.5m108,476+14%added
SYMMETRY MED INC no ticker–0.7%$18.0m1.79m0.0%held
COST COSTCO WHOLESALE CORPORATIONConsumer Defensive0.4%$10.2m170,198−23%reduced
TOWERS WATSON & CO no ticker–0.4%$9.8m205,549–new
MEDIACOM COMMUNICATIONS CORP no ticker–0.4%$9.4m1.58m–new
JAZZ PHARMACEUTICALS INC no ticker–0.4%$9.2m845,490–new
FSLR FIRST SOLAR INCTechnology0.4%$8.9m72,600–new
GANNETT INC no ticker–0.4%$8.9m536,500−26%reduced
BSX BOSTON SCIENTIFIC CORPHealthcare0.3%$8.3m1.15m–new
ARKANSAS BEST CORP DEL no ticker–0.3%$6.5m218,000−54%reduced
VODAFONE GROUP PLC NEW SPONS no ticker–0.2%$4.5m191,236–new
ANALOGIC CORP no ticker–0.2%$4.3m100,000−33%reduced
HOG HARLEY DAVIDSON INCConsumer Cyclical0.2%$4.0m140,900–new
BENIHANA INC no ticker–0.08%$2.1m318,7870.0%held
K-SWISS INC no ticker–0.08%$2.0m193,5180.0%held
BENIHANA INC no ticker–0.02%$518k75,9120.0%held

Exited since Q4 2009

15 rows
RHT1EUR RED HAT INC1.9%$46.1m
QCOM QUALCOMM INC1.6%$38.6m
WYNN WYNN RESORTS LTD1.5%$38.0m
TAP MOLSON COORS BEVERAGE CO1.1%$26.8m
KEL KELLANOVA1.1%$26.6m
COR CENCORA INC1.0%$24.2m
AVGO BROADCOM CORP0.6%$15.2m
LVS LAS VEGAS SANDS CORP0.6%$14.6m
CBS CORP NEW no ticker0.6%$13.9m
INTC INTEL CORP0.5%$13.1m
SONY SONY GROUP CORP0.5%$13.0m
SINA CORP no ticker0.4%$11.0m
AMXN AMERICA MOVIL SAB DE CV0.4%$10.3m
SOHU SOHU COM INC0.3%$8.5m
NFLX NETFLIX INC.0.3%$6.6m

Sector mix

  • Unclassified32.1%
  • Financial Services19.1%
  • Consumer Defensive16.1%
  • Consumer Cyclical14.9%
  • Healthcare5.2%
  • Communication Services5.1%
  • Technology3.5%
  • Real Estate2.0%
  • Industrials1.9%

Book over time

Every quarter on file (83)
QuarterPositionsEquity book
Q2 202658$3.5bn
Q1 202657$3.1bn
Q4 202568$3.9bn
Q3 202539$969m
Q2 202543$1.0bn
Q1 202544$816m
Q4 202444$953m
Q3 202439$885m
Q2 202439$878m
Q1 202438$890m
Q4 202337$875m
Q3 202338$833m
Q2 202336$900m
Q1 202336$889m
Q4 202235$1.1bn
Q3 202231$1.6bn
Q2 202229$1.7bn
Q1 202232$2.6bn
Q4 202131$2.8bn
Q3 202136$2.9bn
Q2 202136$3.2bn
Q1 202140$3.0bn
Q4 202034$3.1bn
Q3 202033$2.4bn
Q2 202034$2.2bn
Q1 202034$1.5bn
Q4 201926$1.8bn
Q3 201933$1.7bn
Q2 201932$1.5bn
Q1 201935$1.6bn
Q4 201832$1.4bn
Q3 201836$1.8bn
Q2 201833$1.5bn
Q1 201830$1.4bn
Q4 201725$1.4bn
Q3 201728$1.5bn
Q2 201726$1.2bn
Q1 201728$1.1bn
Q4 201627$1.1bn
Q3 201631$1.3bn
Q2 201640$1.2bn
Q1 201635$1.2bn
Q4 201535$1.2bn
Q3 201536$1.3bn
Q2 201533$1.3bn
Q1 201529$1.2bn
Q4 201431$1.5bn
Q3 201433$1.8bn
Q2 201437$2.0bn
Q1 201442$2.2bn
Q4 201341$2.3bn
Q3 201340$2.1bn
Q2 201339$1.7bn
Q1 201330$1.8bn
Q4 201229$2.0bn
Q3 201226$1.7bn
Q2 201227$1.4bn
Q1 201225$1.5bn
Q4 201129$1.5bn
Q3 201134$1.4bn
Q2 201135$1.9bn
Q1 201134$1.8bn
Q4 201034$2.2bn
Q3 201043$1.8bn
Q2 201051$1.9bn
Q1 201050$2.5bn
Q4 200954$2.5bn
Q3 200956$2.4bn
Q2 200951$2.1bn
Q1 200949$1.5bn
Q4 200832$1.4bn
Q3 200837$2.1bn
Q2 200842$7.6bn
Q1 200847$3.3bn
Q4 200758$3.4bn
Q3 200777$4.0bn
Q2 200773$3.4bn
Q1 200765$2.7bn
Q4 200658$2.8bn
Q3 200655$3.0bn
Q2 200657$3.2bn
Q1 200651$3.2bn
Q4 200534$3.4bn

Where Tremblant Capital Group was early

94 rows
TV GRUPO TELEVISA SA DE CV SPQ1 20063 of 792.2%2.7%5Exited by Q2 2007+50%
AVGO BROADCOM CORPQ1 20066 of 3230.07%1.9%6Exited by Q1 2010+43%
INTC INTEL CORPQ1 20068 of 2800.05%2.0%5Exited by Q1 2013+6.0%
QCOM QUALCOMM INCQ1 20069 of 2460.08%19.2%15Exited by Q1 2010−8.6%
CCOI COGENT COMM GROUP INCQ2 20061 of 1260.01%2.3%9Exited by Q3 2008+43%
GIL GILDAN ACTIVEWEAR INCQ2 20061 of 1270.04%1.1%8Exited by Q2 2008+59%
DLR DIGITAL RLTY TR INCQ3 20061 of 1461.0%2.7%7Exited by Q2 2008+13%
EVR EVERCORE INCQ3 20069 of 1120.04%1.3%16Held at last filing, Q2 2026+1086%
SBAC SBA COMMUNICATIONS CORP NEWQ4 20062 of 1511.2%4.4%26Exited by Q4 2023+628%
CMG CHIPOTLE MEXICAN GRILL INCQ4 20063 of 1850.4%2.7%10Held at last filing, Q2 2026+2882%
LOW LOWES COS INCQ4 20065 of 2090.4%7.0%14Exited by Q2 2012+0.7%
UNH UNITEDHEALTH GROUP INCQ4 20065 of 2991.1%1.2%9Exited by Q1 2009−50%
WYNN WYNN RESORTS LTDQ1 20072 of 1820.1%1.9%7Exited by Q4 2011+21%
COST COSTCO WHSL CORP NEWQ1 20074 of 1771.5%2.7%15Exited by Q2 2011+36%
FXI ISHARES TR FTSE CHINA25 IDXQ1 20075 of 1350.4%5.5%7Exited by Q4 2011−9.7%
CVS CVS CAREMARK CORPORATIONQ1 20076 of 2163.8%9.1%19Exited by Q4 2011−1.6%
UNP UNION PAC CORPQ1 200711 of 2110.8%7.8%35Exited by Q4 2015+248%
EEM ISHARES TR MSCI EMERG MKTQ2 20071 of 1344.4%4.4%2Exited by Q4 2007+14%
EQIX EQUINIX INCQ2 20072 of 1870.4%1.8%10Exited by Q2 2014+102%
HO1 HOLOGIC INCQ3 20071 of 1672.6%8.9%15Exited by Q2 2011−76%
MDRX ALLSCRIPTS HEALTHCARE SOLUTNQ3 20073 of 960.6%2.2%8Exited by Q4 2011−33%
BIDU BAIDU INCQ4 20076 of 2310.6%5.0%17Exited by Q1 2025+116%
TMO THERMO FISHER SCIENTIFIC INCQ1 20083 of 2341.5%1.5%4Exited by Q2 2009−37%
V VISA INCQ1 20083 of 2844.4%9.8%41Exited by Q1 2026+2150%
MCK MCKESSON CORPQ1 20084 of 1703.2%6.6%5Exited by Q2 2009−33%
MA MASTERCARD INCORPORATEDQ2 20089 of 2630.5%11.0%33Exited by Q1 2026+2050%
MLCO MELCO RESORTS AND ENTMNT LTDQ3 20081 of 1083.6%5.6%52Exited by Q3 2021+315%
CAKE CHEESECAKE FACTORY INCQ4 20081 of 1201.1%5.6%19Exited by Q2 2021+479%
KEL KELLOGG COQ4 20081 of 1511.0%1.2%5Exited by Q1 2010+21%
TAP MOLSON COORS BREWING COQ4 20081 of 1531.7%2.3%6Exited by Q2 2012−7.5%
NFLX NETFLIX INCQ1 20093 of 3010.2%4.9%7Exited by Q1 2018+3031%
SCHW SCHWAB CHARLES CORP NEWQ1 20094 of 2211.3%2.5%9Exited by Q2 2011+16%
SOHU SOHUQ1 20094 of 630.6%1.6%4Exited by Q1 2010+39%
COR CENCORA INCQ1 20095 of 1581.3%2.2%7Held at last filing, Q2 2026+1633%
PG PROCTER AND GAMBLE COQ1 20097 of 1645.6%44.2%59Exited by Q3 2025+238%
SONY SONY CORPQ2 20091 of 1101.3%1.3%3Exited by Q1 2010+12%
F FORD MTR CO DELQ2 20092 of 1811.5%1.8%6Exited by Q4 2010+102%
IART INTEGRA LIFESCIENCES HLDGS CQ2 20092 of 1021.6%3.5%7Exited by Q1 2012+16%
IMAX IMAX CORPQ2 20094 of 1160.6%8.9%25Exited by Q1 2016+338%
M MACYS INCQ4 20094 of 1774.7%4.7%12Exited by Q2 2018+77%
FSLR FIRST SOLAR INCQ1 20105 of 2140.4%1.3%2Exited by Q3 2010−7.2%
BAC BANK OF AMERICA CORPORATIONQ1 201018 of 2321.5%1.5%3Exited by Q4 2010−27%
GIS GENERAL MLS INCQ2 20104 of 1362.3%2.3%2Exited by Q4 2010+2.9%
XLY SELECT SECTOR SPDR TR SBI CONS DISCRQ3 20103 of 922.4%6.0%3Exited by Q2 2011+17%
AEO AMERICAN EAGLE OUTFITTERS NEQ3 20104 of 1511.2%1.8%7Exited by Q4 2017−4.4%
LYV LIVE NATION ENTERTAINMENT INQ3 20104 of 2160.8%3.9%13Held at last filing, Q2 2026+1753%
UPS UNITED PARCEL SERVICE INCQ3 20105 of 1740.7%3.6%14Exited by Q1 2014+58%
VC VISTEON CORPQ1 20111 of 1133.9%4.5%6Exited by Q3 2012−40%
GNCIQ GNC HLDGS INCQ2 20111 of 713.0%3.2%3Exited by Q1 2012+33%
GME GAMESTOP CORP NEWQ2 20114 of 1240.6%1.1%3Exited by Q1 2012−9.5%

Concentration and tenure

8.1%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
55.6%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters