WhaleCreep

Tremblant Capital Group 13F holdings, Q1 2014

Hedge fundSEC filingsCompare with another fundHoldings as of 2014-03-31, filed 2014-05-15

Tremblant Capital Group disclosed 42 US equity positions worth $2.2bn in its Q1 2014 13F filing. Its largest position is PG at 6.0% of the reported book, followed by GM and RCL. Versus Q4 2013 it opened 5 new positions, added to 20, reduced 15 and exited 4.

$2.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
42
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.0%
Largest position
The largest single position as a share of the reported equity book.
43.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
31
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 2013: 5 new, 20 added, 15 reduced, 4 exited

42 rows
PG PROCTER & GAMBLE COConsumer Defensive6.0%$132m1.64m+42%added
GM General Motors CorpConsumer Cyclical5.3%$117m3.40m+8.1%added
RCL ROYAL CARIBBEAN CRUISES LTDConsumer Cyclical4.9%$108m1.97m−21%reduced
CBS CORP NEW no ticker–4.0%$88.5m1.43m+16%added
IMAX IMAX CORPCommunication Services4.0%$87.1m3.19m+10.0%added
UNP UNION PACIFIC CORPIndustrials3.9%$86.5m461,140+6.6%added
CHARTER COMMUNICATIONS INC D no ticker–3.9%$86.4m701,150+11%added
APD AIR PRODUCTS AND CHEMICALS IBasic Materials3.9%$86.3m724,963+83%added
TDG TRANSDIGM GROUP INCIndustrials3.8%$82.3m444,180+3.4%added
OSIS OSI SYSTEMS INCTechnology3.5%$76.5m1.28m+56%added
DNKN DUNKIN BRANDS GROUP INC–3.4%$74.4m1.48m+0.4%held
ELLIE MAE INC no ticker–3.2%$70.2m2.43m+8.9%added
V VISA INCFinancial Services3.2%$69.2m320,449−32%reduced
WYNEUR WYNDHAM DESTINATIONS INC–3.1%$68.2m931,353−9.4%reduced
FTNT FORTINET INCTechnology3.0%$66.6m3.02m−22%reduced
SBAC SBA COMMUNICATIONS CORPReal Estate2.9%$62.7m689,039+23%added
RHT1EUR RED HAT INC–2.7%$59.5m1.12m−13%reduced
NCLH NORWEGIAN CRUISE LINE HLDGSConsumer Cyclical2.7%$58.3m1.81m+28%added
TTSH TILE SHOP HLDGS INCConsumer Cyclical2.5%$55.8m3.61m−2.4%reduced
MLCO MELCO RESORTS AND ENTMNT LTDConsumer Cyclical2.5%$54.7m1.41m+21%added
ZTS ZOETIS INCHealthcare2.3%$51.0m1.76m−14%reduced
AON AON PLCFinancial Services2.3%$50.3m596,442+3.5%added
HOME INNS & HOTELS MGMT INC no ticker–2.3%$49.5m1.53m+24%added
EXPRESS SCRIPTS HLDG CO no ticker–2.2%$48.0m638,822−53%reduced
META META PLATFORMS INCCommunication Services2.1%$47.0m779,460−35%reduced
SIRONA DENTAL SYSTEMS INC no ticker–2.0%$42.9m574,739+113%added
LIONS GATE ENTMNT CORP no ticker–1.7%$37.7m1.41m–new
VISN VISTANCE NETWORKS INCTechnology1.7%$37.0m1.50m−17%reduced
AMZN AMAZON COM INCConsumer Cyclical1.6%$35.7m106,023−29%reduced
EQIX EQUINIX INCReal Estate1.4%$31.7m171,233−18%reduced
FLEETMATICS GROUP PLC no ticker–1.2%$25.7m769,230+25%added
YOUKU TUDOU INC no ticker–1.1%$25.0m893,019−39%reduced
NDLS NOODLES & COConsumer Cyclical1.1%$24.4m618,658–new
TMHC* TAYLOR MORRISON HOME CORP–1.1%$23.7m1.01m+3.6%added
TOWERS WATSON & CO no ticker–0.9%$20.7m181,091−28%reduced
FNF FIDELITY NATIONAL FINANCIALFinancial Services0.8%$17.4m552,592–new
GWW WW GRAINGER INCIndustrials0.6%$12.7m50,223–new
HOUSEUR ANYWHERE REAL ESTATE INC–0.4%$7.9m182,310+3.1%added
SHOSUSD SEARS HOMETOWN & OUTLET STOR–0.3%$7.3m306,951−68%reduced
RMAX RE/MAX HLDGS INCReal Estate0.2%$3.8m130,548+3.8%added
NEW YORK & CO INC no ticker–0.10%$2.2m492,876–new
KINDER MORGAN INC DEL no ticker–0.02%$449k254,9550.0%held

Exited since Q4 2013

4 rows
ADT THE ADT CORPORATION3.2%$73.4m
SODASTREAM INTERNATIONAL LTD no ticker2.4%$56.5m
SPRINT CORPORATION no ticker2.3%$53.1m
UPS UNITED PARCEL SERVICE INC0.3%$7.0m

Sector mix

  • Unclassified33.7%
  • Consumer Cyclical20.7%
  • Industrials8.3%
  • Technology8.2%
  • Financial Services6.2%
  • Communication Services6.1%
  • Consumer Defensive6.0%
  • Real Estate4.5%
  • Basic Materials3.9%
  • Healthcare2.3%

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