WhaleCreep

Tremblant Capital Group 13F holdings, Q4 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-12-31, filed 2026-02-17

Tremblant Capital Group disclosed 68 US equity positions worth $3.9bn in its Q4 2025 13F filing. Its largest position is SPOT at 3.6% of the reported book, followed by DASH and TKO. Versus Q3 2025 it opened 32 new positions, added to 24, reduced 11 and exited 3.

$3.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
68
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
3.6%
Largest position
The largest single position as a share of the reported equity book.
31.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
47
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 Q3 2025: 32 new, 24 added, 11 reduced, 3 exited

50 of 68
SPOT SPOTIFY TECHNOLOGY S ACommunication Services3.6%$140m241,449+223%added
DASH DOORDASH INCConsumer Cyclical3.4%$135m595,966+202%added
TKO TKO GROUP HOLDINGS INCCommunication Services3.4%$134m640,684+157%added
QTWO Q2 HLDGS INCTechnology3.3%$131m1.81m+408%added
WING WINGSTOP INCConsumer Cyclical3.0%$118m493,071+305%added
VRNS VARONIS SYS INCTechnology2.9%$115m3.51m+678%added
LYV LIVE NATION ENTERTAINMENT INCommunication Services2.9%$112m785,031+282%added
GRAB HOLDINGS LIMITED no ticker–2.8%$110m22.14m+131%added
CSGP COSTAR GROUP INCReal Estate2.8%$110m1.64m+624%added
LITE LUMENTUM HLDGS INCTechnology2.8%$110m298,417–new
ROKU ROKU INCCommunication Services2.7%$107m990,118+159%added
CPNG COUPANG INCConsumer Cyclical2.7%$107m4.55m+254%added
CMG CHIPOTLE MEXICAN GRILL INCConsumer Cyclical2.6%$100m2.71m+305%added
MNDY MONDAY COM LTDTechnology2.5%$96.6m654,848+272%added
NCNO NCINO INCTechnology2.3%$90.6m3.53m+434%added
UBER UBER TECHNOLOGIES INCTechnology2.2%$86.8m1.06m+181%added
RCL ROYAL CARIBBEAN CRUISES LTDConsumer Cyclical2.2%$84.8m303,860–new
WBD WARNER BROS DISCOVERY INCCommunication Services2.1%$83.7m2.90m−4.3%reduced
CYBERARK SOFTWARE LTD no ticker–2.1%$82.8m185,691+208%added
LPLA LPL FINL HLDGS INCFinancial Services2.0%$79.4m222,165–new
AFRM AFFIRM HLDGS INCFinancial Services2.0%$78.9m1.06m–new
WH WYNDHAM HOTELS & RESORTS INCConsumer Cyclical2.0%$78.0m1.03m+602%added
RDDT REDDIT INCCommunication Services2.0%$77.3m336,361–new
HWM HOWMET AEROSPACE INCIndustrials2.0%$76.7m374,175–new
COR CENCORA INCHealthcare1.7%$68.5m202,811–new
GLBE GLOBAL E ONLINE LTDConsumer Cyclical1.7%$66.0m1.68m+218%added
ROL ROLLINS INCConsumer Cyclical1.7%$65.0m1.08m–new
WAB WABTECIndustrials1.6%$63.6m298,133+352%added
CVNA CARVANA COConsumer Cyclical1.5%$59.6m141,135–new
CPAY CORPAY INCTechnology1.4%$54.8m182,060–new
AXON AXON ENTERPRISE INCIndustrials1.4%$53.5m94,231–new
RKLB ROCKET LAB CORPIndustrials1.4%$53.2m762,548–new
BWXT BWX TECHNOLOGIES INCIndustrials1.3%$50.3m291,174–new
EVR EVERCORE INCFinancial Services1.3%$49.6m145,646+877%added
SBUX STARBUCKS CORPConsumer Cyclical1.2%$48.3m573,972+73%added
TLN TALEN ENERGY CORPUtilities1.2%$45.3m120,947–new
IDXX IDEXX LABS INCHealthcare1.1%$44.2m65,288–new
ALNY ALNYLAM PHARMACEUTICALS INCHealthcare1.1%$43.8m110,132–new
VEEV VEEVA SYS INCHealthcare1.1%$42.9m192,390–new
DIS DISNEY WALT COCommunication Services1.1%$42.8m375,835+0.2%held
SOFI SOFI TECHNOLOGIES INCFinancial Services1.1%$42.5m1.62m–new
EME EMCOR GROUP INCIndustrials1.1%$42.3m69,216–new
MDB MONGODB INCTechnology1.0%$40.6m96,809–new
BE BLOOM ENERGY CORPIndustrials1.0%$40.4m465,143–new
TRGP TARGA RES CORPEnergy0.9%$37.2m201,492–new
NET CLOUDFLARE INCTechnology0.9%$36.9m187,125–new
PAR PAR TECHNOLOGY CORPTechnology0.9%$36.3m1.00m–new
ATEC ALPHATEC HLDGS INCHealthcare0.9%$34.2m1.62m–new
PODD INSULET CORPHealthcare0.8%$30.8m108,469–new
INSM INSMED INCHealthcare0.8%$30.6m175,650–new

Exited since Q3 2025

3 rows
VSXY VICTORIAS SECRET AND CO2.0%$19.8m
FIVN FIVE9 INC1.6%$15.7m
KDP KEURIG DR PEPPER INC0.2%$2.3m

Sector mix

  • Consumer Cyclical23.7%
  • Technology22.6%
  • Communication Services18.0%
  • Industrials9.7%
  • Healthcare7.5%
  • Financial Services7.4%
  • Unclassified5.6%
  • Real Estate2.8%
  • Energy1.5%
  • Utilities1.2%
  • Consumer Defensive0.1%

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