WhaleCreep

Tremblant Capital Group 13F holdings, Q2 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-06-30, filed 2023-08-14

Tremblant Capital Group disclosed 36 US equity positions worth $900.2m in its Q2 2023 13F filing. Its largest position is SPOT at 7.5% of the reported book, followed by UBER and META. Versus Q1 2023 it opened 2 new positions, added to 10, reduced 12 and exited 2.

$900m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
36
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.5%
Largest position
The largest single position as a share of the reported equity book.
56.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
21
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 Q1 2023: 2 new, 10 added, 12 reduced, 2 exited

36 rows
SPOT SPOTIFY TECHNOLOGY S ACommunication Services7.5%$67.3m419,117+2.2%added
UBER UBER TECHNOLOGIES INCTechnology6.7%$60.3m1.40m−16%reduced
META META PLATFORMS INCCommunication Services6.6%$59.3m206,534−22%reduced
FIVN FIVE9 INCTechnology5.6%$50.4m611,659+0.4%held
CHTR CHARTER COMMUNICATIONS INCCommunication Services5.5%$49.8m135,533+7.2%added
DASH DOORDASH INCConsumer Cyclical5.5%$49.3m644,886−15%reduced
AMZN AMAZON COM INCConsumer Cyclical5.1%$46.1m353,649−21%reduced
GRAB HOLDINGS LIMITED no ticker–5.0%$44.8m13.06m+6.2%added
PANW PALO ALTO NETWORKS INCTechnology4.7%$42.0m164,518−31%reduced
FIVE FIVE BELOW INCConsumer Cyclical4.6%$41.6m211,529−7.7%reduced
KDP KEURIG DR PEPPER INCConsumer Defensive4.5%$40.9m1.31m+5.3%added
QTWO Q2 HLDGS INCTechnology4.4%$39.4m1.28m+6.0%added
BLMN BLOOMIN BRANDS INCConsumer Cyclical4.2%$37.6m1.40m−6.6%reduced
VRNS VARONIS SYS INCTechnology3.7%$33.0m1.24m+31%added
LIBERTY MEDIA CORP DEL no ticker–3.5%$31.9m424,135+0.5%held
SBAC SBA COMMUNICATIONS CORPReal Estate3.3%$29.8m128,570+26%added
WH WYNDHAM HOTELS & RESORTS INCConsumer Cyclical3.1%$28.1m409,550−3.9%reduced
APD AIR PRODUCTS AND CHEMICALS IBasic Materials3.1%$27.7m92,369+8.4%added
SMARGBP SMARTSHEET INC–3.0%$26.6m694,939+3.0%added
FTCHQ FARFETCH LTDConsumer Cyclical2.6%$23.5m3.89m+52%added
WAB WABTECIndustrials2.6%$23.0m210,150−6.9%reduced
VAC MARRIOTT VACATIONS WORLDWIDEConsumer Cyclical2.2%$20.1m163,551−16%reduced
TNL TRAVEL PLUS LEISURE COConsumer Cyclical1.2%$11.0m273,601−8.3%reduced
AVDX AVIDXCHANGE HOLDINGS INC–0.9%$8.4m812,760–new
SKAA SKECHERS U S A INC–0.4%$4.0m75,979−80%reduced
PG PROCTER & GAMBLE COConsumer Defensive0.08%$732k4,8220.0%held
MSFT MICROSOFT CORPTechnology0.07%$667k1,9580.0%held
GOOGL ALPHABET INCCommunication Services0.06%$531k4,4390.0%held
PGR PROGRESSIVE CORPFinancial Services0.05%$428k3,2370.0%held
RY ROYAL BK CDAFinancial Services0.04%$367k3,8370.0%held
MA MASTERCARD INCFinancial Services0.03%$312k7940.0%held
V VISA INCFinancial Services0.03%$303k1,2780.0%held
EVR EVERCORE INCFinancial Services0.03%$280k2,2670.0%held
DKS DICKS SPORTING GOODS INCConsumer Cyclical0.03%$267k2,0200.0%held
PYPL PAYPAL HLDGS INCFinancial Services0.02%$204k3,054–new
CPNG COUPANG INCConsumer Cyclical0.02%$202k11,6140.0%held

Exited since Q1 2023

2 rows
TMUS T-MOBILE US INC3.8%$33.5m
WING WINGSTOP INC0.08%$710k

Sector mix

  • Consumer Cyclical28.6%
  • Technology25.1%
  • Communication Services19.6%
  • Unclassified12.9%
  • Consumer Defensive4.6%
  • Real Estate3.3%
  • Basic Materials3.1%
  • Industrials2.6%
  • Financial Services0.2%

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