WhaleCreep

Tremblant Capital Group 13F holdings, Q1 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-03-31, filed 2025-05-15

Tremblant Capital Group disclosed 44 US equity positions worth $815.9m in its Q1 2025 13F filing. Its largest position is TKO at 5.8% of the reported book, followed by SPOT and GRAB HOLDINGS LIMITED. Versus Q4 2024 it opened 4 new positions, added to 18, reduced 22 and exited 4.

$816m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
44
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.8%
Largest position
The largest single position as a share of the reported equity book.
46.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
29
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 2024: 4 new, 18 added, 22 reduced, 4 exited

44 rows
TKO TKO GROUP HOLDINGS INCCommunication Services5.8%$47.2m308,921−23%reduced
SPOT SPOTIFY TECHNOLOGY S ACommunication Services5.7%$46.7m84,905−32%reduced
GRAB HOLDINGS LIMITED no ticker–5.4%$44.4m9.79m−30%reduced
DASH DOORDASH INCConsumer Cyclical5.1%$41.5m227,245−2.6%reduced
DIS DISNEY WALT COCommunication Services4.9%$40.2m407,120+52%added
CHTR CHARTER COMMUNICATIONS INCCommunication Services4.4%$36.1m97,962+14%added
MELI MERCADOLIBREConsumer Cyclical4.3%$34.8m17,851−24%reduced
AMZN AMAZON COM INCConsumer Cyclical3.9%$31.5m165,457−19%reduced
AVDX AVIDXCHANGE HOLDINGS INC–3.5%$28.8m3.40m+5.1%added
ROKU ROKU INCCommunication Services3.3%$26.7m378,918−35%reduced
CPNG COUPANG INCConsumer Cyclical3.3%$26.6m1.21m+13%added
SKAA SKECHERS U S A INC–3.1%$25.6m450,739−13%reduced
VRNS VARONIS SYS INCTechnology3.1%$25.1m619,690+3.6%added
UBER UBER TECHNOLOGIES INCTechnology2.8%$22.7m312,188−43%reduced
MNDY MONDAY COM LTDTechnology2.8%$22.7m93,183−16%reduced
QTWO Q2 HLDGS INCTechnology2.7%$21.8m272,850+25%added
DKNG DRAFTKINGS INC NEWConsumer Cyclical2.6%$21.1m635,836−27%reduced
WAB WABTECIndustrials2.6%$21.0m116,024+1.9%added
WBD WARNER BROS DISCOVERY INCCommunication Services2.5%$20.2m1.88m–new
VSXY VICTORIAS SECRET AND COConsumer Cyclical2.5%$20.0m1.08m+96%added
WING WINGSTOP INCConsumer Cyclical2.4%$19.9m88,352–new
FIVN FIVE9 INCTechnology2.3%$19.1m705,063+7.8%added
PANW PALO ALTO NETWORKS INCTechnology2.2%$18.1m106,131−13%reduced
TCOM TRIP COM GROUP LTDConsumer Cyclical2.1%$17.5m275,849−7.3%reduced
YUMC YUM CHINA HLDGS INCConsumer Cyclical1.9%$15.1m290,984−7.8%reduced
KDP KEURIG DR PEPPER INCConsumer Defensive1.7%$13.5m393,776−47%reduced
BBWI BATH & BODY WORKS INCConsumer Cyclical1.6%$12.7m417,552+135%added
PAR PAR TECHNOLOGY CORPTechnology1.4%$11.6m189,734–new
NCNO NCINO INCTechnology1.4%$11.3m410,929+6.9%added
WH WYNDHAM HOTELS & RESORTS INCConsumer Cyclical1.3%$10.8m119,470−58%reduced
GAP GAP INCConsumer Cyclical1.0%$8.4m408,478−55%reduced
CSGP COSTAR GROUP INCReal Estate0.9%$7.7m96,629−44%reduced
8QR CONFLUENT INC–0.9%$7.3m312,848–new
LGF/BEUR LIONS GATE ENTMNT CORP–0.8%$6.5m820,978−3.5%reduced
LGFEUR LIONS GATE ENTMNT CORP–0.6%$4.6m514,292−2.8%reduced
MTCH MATCH GROUP INC NEWCommunication Services0.5%$4.2m135,073+4.5%added
PG PROCTER & GAMBLE COConsumer Defensive0.5%$4.0m23,454+8.8%added
PGR PROGRESSIVE CORPFinancial Services0.5%$3.7m13,062+4.5%added
EL LAUDER ESTEE COS INCConsumer Defensive0.4%$3.5m52,695+4.5%added
V VISA INCFinancial Services0.4%$3.0m8,485+4.5%added
MA MASTERCARD INCFinancial Services0.4%$2.9m5,218+4.4%added
EVR EVERCORE INCFinancial Services0.3%$2.8m13,839+4.5%added
META META PLATFORMS INCCommunication Services0.2%$1.5m2,574−53%reduced
GOOGL ALPHABET INCCommunication Services0.2%$1.5m9,468−91%reduced

Exited since Q4 2024

4 rows
ON HLDG AG no ticker1.6%$15.1m
BIDU BAIDU INC0.4%$3.9m
EMN EASTMAN CHEMICAL CO0.3%$2.9m
RY ROYAL BK CDA0.3%$2.5m

Sector mix

  • Consumer Cyclical31.9%
  • Communication Services27.5%
  • Technology18.7%
  • Unclassified14.4%
  • Industrials2.6%
  • Consumer Defensive2.6%
  • Financial Services1.5%
  • Real Estate0.9%

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