WhaleCreep

Tremblant Capital Group 13F holdings, Q1 2016

Hedge fundSEC filingsCompare with another fundHoldings as of 2016-03-31, filed 2016-05-16

Tremblant Capital Group disclosed 35 US equity positions worth $1.2bn in its Q1 2016 13F filing. Its largest position is VIAB at 9.0% of the reported book, followed by CBS CORP NEW and HOUSEUR. Versus Q4 2015 it opened 7 new positions, added to 14, reduced 14 and exited 7.

$1.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
35
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.0%
Largest position
The largest single position as a share of the reported equity book.
50.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
24
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 2015: 7 new, 14 added, 14 reduced, 7 exited

35 rows
VIAB VIACOM INC NEW–9.0%$110m2.66m+51%added
CBS CORP NEW no ticker–7.2%$88.6m1.61m−25%reduced
HOUSEUR ANYWHERE REAL ESTATE INC–4.7%$57.0m1.58m+25%added
META META PLATFORMS INCCommunication Services4.7%$57.0m499,346−1.9%reduced
CDK CDK GLOBAL INC–4.6%$56.7m1.22m+7.8%added
TTSH TILE SHOP HLDGS INCConsumer Cyclical4.5%$55.4m3.71m+5.6%added
WYNEUR WYNDHAM DESTINATIONS INC–4.5%$54.9m718,000+8.1%added
RHT1EUR RED HAT INC–4.1%$50.7m680,632−4.3%reduced
SCOR COMSCORE INCTechnology3.9%$48.1m1.60m+169%added
NORTHSTAR ASSET MGMT GROUP I no ticker–3.6%$43.8m3.86m+5.7%added
TDG TRANSDIGM GROUP INCIndustrials3.6%$43.6m197,874−21%reduced
TSU TIM PARTICIPACOES S A–3.4%$41.3m3.74m–new
APD AIR PRODUCTS AND CHEMICALS IBasic Materials3.3%$40.1m278,550−12%reduced
NIMBLE STORAGE INC no ticker–3.1%$38.2m4.87m+41%added
PANW PALO ALTO NETWORKS INCTechnology3.1%$37.8m231,787–new
AON AON PLCFinancial Services3.1%$37.4m357,970−22%reduced
MLCO MELCO RESORTS AND ENTMNT LTDConsumer Cyclical3.0%$36.5m2.21m−9.3%reduced
CHARTER COMMUNICATIONS INC D no ticker–2.9%$35.8m176,730–new
NORTHSTAR RLTY FIN CORP no ticker–2.7%$32.9m2.51m+195%added
AMZN AMAZON COM INCConsumer Cyclical2.6%$31.4m52,888–new
RCL ROYAL CARIBBEAN CRUISES LTDConsumer Cyclical2.4%$29.5m359,634+1.9%added
TRIP TRIPADVISOR INCConsumer Cyclical2.2%$27.3m410,354–new
VISN VISTANCE NETWORKS INCTechnology2.1%$25.3m906,078−47%reduced
OSIS OSI SYSTEMS INCTechnology2.0%$24.9m380,374+31%added
CANADIAN PAC RY LTD no ticker–1.9%$23.6m177,711−2.1%reduced
DNKN DUNKIN BRANDS GROUP INC–1.7%$21.0m446,245−48%reduced
CAR AVIS BUDGET GROUP INCIndustrials1.5%$17.9m654,466–new
CIGNA CORPORATION no ticker–1.4%$17.3m125,717−2.3%reduced
ALLERGAN PLC no ticker–1.2%$15.1m56,253−1.8%reduced
KHC KRAFT HEINZ COConsumer Defensive0.7%$8.2m104,937+30%added
ENDO INTL PLC no ticker–0.6%$7.2m254,867+62%added
BARNES & NOBLE INC no ticker–0.5%$6.2m504,741–new
NRE NORTHSTAR REALTY EUROPE CORP–0.2%$2.9m245,819+19%added
EXPRESS SCRIPTS HLDG CO no ticker–0.1%$1.6m23,769−0.6%reduced
KINDER MORGAN INC DEL no ticker–0.0%$12.0k341,415−1.6%reduced

Exited since Q4 2015

7 rows
ELLIE MAE INC no ticker5.6%$68.9m
V VISA INC3.7%$44.9m
CONE1EUR CYRUSONE INC2.5%$30.5m
TMHC* TAYLOR MORRISON HOME CORP1.7%$21.3m
ATHM AUTOHOME INC1.6%$20.0m
RENTRAK CORP no ticker1.5%$18.3m
IMAX IMAX CORP0.7%$8.7m

Sector mix

  • Unclassified57.5%
  • Consumer Cyclical14.7%
  • Technology11.1%
  • Industrials5.0%
  • Communication Services4.7%
  • Basic Materials3.3%
  • Financial Services3.1%
  • Consumer Defensive0.7%

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