Tremblant Capital 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Tremblant Capital disclosed 68 US equity positions worth $3.9bn in its Q4 2025 13F filing. The largest position was SPOT at 3.6% of the reported book, followed by DASH and TKO. Against the Q3 2025 filing, it opened 27 new positions, added to 21 and reduced 1 among the top 50 holdings.
What did Tremblant Capital own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SPOT SPOTIFY TECHNOLOGY S A | Communication Services | 3.6% | $140.2m | 241,449 | 223% | added |
| 2 | DASH DOORDASH INC | Consumer Cyclical | 3.4% | $135.0m | 595,966 | 202% | added |
| 3 | TKO TKO GROUP HOLDINGS INC | Communication Services | 3.4% | $133.9m | 640,684 | 157% | added |
| 4 | QTWO Q2 HLDGS INC | Technology | 3.3% | $130.9m | 1,813,697 | 408% | added |
| 5 | WING WINGSTOP INC | Consumer Cyclical | 3.0% | $117.6m | 493,071 | 305% | added |
| 6 | VRNS VARONIS SYS INC | Technology | 2.9% | $115.1m | 3,509,649 | 678% | added |
| 7 | LYV LIVE NATION ENTERTAINMENT | Communication Services | 2.9% | $111.9m | 785,031 | 282% | added |
| 8 | GRAB HOLDINGS LIMITED | 2.8% | $110.5m | 22,140,776 | 131% | added | |
| 9 | CSGP COSTAR GROUP INC | Real Estate | 2.8% | $110.0m | 1,635,964 | 624% | added |
| 10 | LITE LUMENTUM HLDGS INC | Technology | 2.8% | $110.0m | 298,417 | – | new |
| 11 | ROKU ROKU INC | Communication Services | 2.7% | $107.4m | 990,118 | 159% | added |
| 12 | CPNG COUPANG INC | Consumer Cyclical | 2.7% | $107.3m | 4,546,882 | 254% | added |
| 13 | CMG CHIPOTLE MEXICAN GRILL INC | Consumer Cyclical | 2.6% | $100.4m | 2,713,065 | 305% | added |
| 14 | MNDY MONDAY COM LTD | Technology | 2.5% | $96.6m | 654,848 | 272% | added |
| 15 | NCNO NCINO INC | Technology | 2.3% | $90.6m | 3,533,706 | 434% | added |
| 16 | UBER UBER TECHNOLOGIES INC | Technology | 2.2% | $86.8m | 1,061,953 | 181% | added |
| 17 | RCL ROYAL CARIBBEAN GROUP | Consumer Cyclical | 2.2% | $84.8m | 303,860 | – | new |
| 18 | WBD WARNER BROS DISCOVERY INC | Communication Services | 2.1% | $83.7m | 2,904,702 | -4% | reduced |
| 19 | CYBERARK SOFTWARE LTD | 2.1% | $82.8m | 185,691 | 208% | added | |
| 20 | LPLA LPL FINL HLDGS INC | Financial Services | 2.0% | $79.4m | 222,165 | – | new |
| 21 | AFRM AFFIRM HLDGS INC | Financial Services | 2.0% | $78.9m | 1,060,440 | – | new |
| 22 | WH WYNDHAM HOTELS & RESORTS | Consumer Cyclical | 2.0% | $78.0m | 1,032,055 | 602% | added |
| 23 | RDDT REDDIT INC | Communication Services | 2.0% | $77.3m | 336,361 | – | new |
| 24 | HWM HOWMET AEROSPACE INC | Industrials | 2.0% | $76.7m | 374,175 | – | new |
| 25 | COR CENCORA INC | Healthcare | 1.7% | $68.5m | 202,811 | – | new |
| 26 | GLBE GLOBAL E ONLINE LTD | Consumer Cyclical | 1.7% | $66.0m | 1,678,500 | 218% | added |
| 27 | ROL ROLLINS INC | Consumer Cyclical | 1.7% | $65.0m | 1,082,629 | – | new |
| 28 | WAB WABTEC | Industrials | 1.6% | $63.6m | 298,133 | 352% | added |
| 29 | CVNA CARVANA CO | Consumer Cyclical | 1.5% | $59.6m | 141,135 | – | new |
| 30 | CPAY CORPAY INC | 1.4% | $54.8m | 182,060 | – | new | |
| 31 | AXON AXON ENTERPRISE INC | Industrials | 1.4% | $53.5m | 94,231 | – | new |
| 32 | RKLB ROCKET LAB CORP | Industrials | 1.4% | $53.2m | 762,548 | – | new |
| 33 | BWXT BWX TECHNOLOGIES INC | Industrials | 1.3% | $50.3m | 291,174 | – | new |
| 34 | EVR EVERCORE INC | Financial Services | 1.3% | $49.6m | 145,646 | 877% | added |
| 35 | SBUX STARBUCKS CORP | Consumer Cyclical | 1.2% | $48.3m | 573,972 | 73% | added |
| 36 | TLN TALEN ENERGY CORP | Utilities | 1.2% | $45.3m | 120,947 | – | new |
| 37 | IDXX IDEXX LABS INC | Healthcare | 1.1% | $44.2m | 65,288 | – | new |
| 38 | ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 1.1% | $43.8m | 110,132 | – | new |
| 39 | VEEV VEEVA SYS INC | Healthcare | 1.1% | $42.9m | 192,390 | – | new |
| 40 | DIS DISNEY WALT CO | Communication Services | 1.1% | $42.8m | 375,835 | 0% | held |
| 41 | SOFI SOFI TECHNOLOGIES INC | Financial Services | 1.1% | $42.5m | 1,624,973 | – | new |
| 42 | EME EMCOR GROUP INC | Industrials | 1.1% | $42.3m | 69,216 | – | new |
| 43 | MDB MONGODB INC | Technology | 1.0% | $40.6m | 96,809 | – | new |
| 44 | BE BLOOM ENERGY CORP | Industrials | 1.0% | $40.4m | 465,143 | – | new |
| 45 | TRGP TARGA RES CORP | Energy | 0.9% | $37.2m | 201,492 | – | new |
| 46 | NET CLOUDFLARE INC | Technology | 0.9% | $36.9m | 187,125 | – | new |
| 47 | PAR PAR TECHNOLOGY CORP | Technology | 0.9% | $36.3m | 1,001,365 | – | new |
| 48 | ATEC ALPHATEC HLDGS INC | Healthcare | 0.9% | $34.2m | 1,624,997 | – | new |
| 49 | PODD INSULET CORP | Healthcare | 0.8% | $30.8m | 108,469 | – | new |
| 50 | INSM INSMED INC | Healthcare | 0.8% | $30.6m | 175,650 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.