Two Creeks Capital Management, LP 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Two Creeks Capital Management, LP disclosed 23 US equity positions worth $1.6bn in its Q1 2025 13F filing. The largest position was FND at 9.1% of the reported book, followed by V and LOW. Against the Q4 2024 filing, it opened 4 new positions, added to 10 and reduced 8 among the top 23 holdings.
What did Two Creeks Capital Management, LP own in Q1 2025? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 9.1% | $142.3m | 1,768,859 | 11% | added |
| 2 | V VISA INC | Financial Services | 7.0% | $108.9m | 310,673 | -40% | reduced |
| 3 | LOW LOWES COS INC | Consumer Cyclical | 6.2% | $97.8m | 419,163 | -17% | reduced |
| 4 | CMG CHIPOTLE MEXICAN GRILL INC | Consumer Cyclical | 6.1% | $95.1m | 1,894,950 | 11% | added |
| 5 | EQT EQT CORP | Energy | 6.0% | $93.3m | 1,747,087 | 59% | added |
| 6 | CRH CRH PLC | Basic Materials | 5.4% | $83.9m | 954,082 | -18% | reduced |
| 7 | ADBE ADOBE INC | Technology | 5.2% | $80.6m | 210,203 | 2% | added |
| 8 | UBER UBER TECHNOLOGIES INC | Technology | 5.0% | $78.0m | 1,070,853 | -6% | reduced |
| 9 | PLNT PLANET FITNESS INC | Consumer Cyclical | 4.7% | $73.6m | 761,455 | -29% | reduced |
| 10 | IDXX IDEXX LABS INC | Healthcare | 4.3% | $67.3m | 160,254 | 132% | added |
| 11 | ABNB AIRBNB INC | Consumer Cyclical | 4.3% | $67.2m | 562,525 | 2% | added |
| 12 | CPNG COUPANG INC | Consumer Cyclical | 4.3% | $66.9m | 3,049,882 | 10% | added |
| 13 | KLAC KLA CORP | Technology | 4.2% | $65.3m | 96,130 | 2% | added |
| 14 | HDB HDFC BANK LTD | Financial Services | 4.1% | $63.4m | 954,614 | 0% | held |
| 15 | WING WINGSTOP INC | Consumer Cyclical | 3.9% | $61.3m | 271,927 | – | new |
| 16 | MA MASTERCARD INCORPORATED | Financial Services | 3.9% | $60.4m | 110,188 | -14% | reduced |
| 17 | FLUTTER ENTMT PLC | 3.3% | $51.2m | 231,120 | 118% | added | |
| 18 | ICLR ICON PLC | Healthcare | 3.1% | $48.4m | 276,531 | -7% | reduced |
| 19 | EXE EXPAND ENERGY CORPORATION | Energy | 2.9% | $45.0m | 403,995 | 16% | added |
| 20 | TLN TALEN ENERGY CORP | Utilities | 2.5% | $38.8m | 194,233 | – | new |
| 21 | MLM MARTIN MARIETTA MATLS INC | Basic Materials | 2.4% | $37.5m | 78,493 | – | new |
| 22 | ASML ASML HOLDING N V | Technology | 2.2% | $34.6m | 52,187 | -36% | reduced |
| 23 | IBN ICICI BANK LIMITED | Financial Services | 0.2% | $3.6m | 115,114 | – | 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.