Two Creeks Capital Management, LP 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Two Creeks Capital Management, LP disclosed 25 US equity positions worth $1.5bn in its Q2 2025 13F filing. The largest position was FND at 8.2% of the reported book, followed by TLN and UBER. Against the Q1 2025 filing, it opened 4 new positions, added to 3 and reduced 17 among the top 25 holdings.
What did Two Creeks Capital Management, LP own in Q2 2025? Top 25 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 8.2% | $123.0m | 1,619,457 | -8% | reduced |
| 2 | TLN TALEN ENERGY CORP | Utilities | 6.5% | $98.0m | 336,885 | 73% | added |
| 3 | UBER UBER TECHNOLOGIES INC | Technology | 6.0% | $90.4m | 969,003 | -10% | reduced |
| 4 | FLUTTER ENTMT PLC | 5.5% | $82.7m | 289,455 | 25% | added | |
| 5 | V VISA INC | Financial Services | 5.5% | $82.0m | 230,958 | -26% | reduced |
| 6 | CRH CRH PLC | Basic Materials | 5.4% | $80.7m | 879,163 | -8% | reduced |
| 7 | LOW LOWES COS INC | Consumer Cyclical | 5.3% | $79.0m | 356,030 | -15% | reduced |
| 8 | CMG CHIPOTLE MEXICAN GRILL INC | Consumer Cyclical | 5.2% | $78.6m | 1,400,372 | -26% | reduced |
| 9 | ASML ASML HOLDING N V | Technology | 4.8% | $72.7m | 90,730 | 74% | added |
| 10 | EQT EQT CORP | Energy | 4.8% | $71.8m | 1,231,711 | -29% | reduced |
| 11 | CPNG COUPANG INC | Consumer Cyclical | 4.4% | $66.1m | 2,206,297 | -28% | reduced |
| 12 | ABNB AIRBNB INC | Consumer Cyclical | 4.3% | $64.2m | 484,784 | -14% | reduced |
| 13 | WING WINGSTOP INC | Consumer Cyclical | 4.2% | $62.9m | 186,811 | -31% | reduced |
| 14 | IDXX IDEXX LABS INC | Healthcare | 4.1% | $61.4m | 114,459 | -29% | reduced |
| 15 | MA MASTERCARD INCORPORATED | Financial Services | 4.1% | $61.4m | 109,214 | -1% | reduced |
| 16 | PLNT PLANET FITNESS INC | Consumer Cyclical | 3.9% | $59.0m | 540,979 | -29% | reduced |
| 17 | HDB HDFC BANK LTD | Financial Services | 3.4% | $51.1m | 665,970 | -30% | reduced |
| 18 | TEAM ATLASSIAN CORPORATION | Technology | 3.3% | $49.5m | 243,585 | – | new |
| 19 | MSFT MICROSOFT CORP | Technology | 3.0% | $44.5m | 89,471 | – | new |
| 20 | EXE EXPAND ENERGY CORPORATION | Energy | 2.9% | $43.5m | 372,278 | -8% | reduced |
| 21 | TYL TYLER TECHNOLOGIES INC | Technology | 1.9% | $28.2m | 47,504 | – | new |
| 22 | KLAC KLA CORP | Technology | 1.7% | $26.1m | 29,089 | -70% | reduced |
| 23 | MLM MARTIN MARIETTA MATLS INC | Basic Materials | 1.5% | $21.9m | 39,913 | -49% | reduced |
| 24 | IBN ICICI BANK LIMITED | Financial Services | 0.3% | $3.9m | 115,114 | 0% | held |
| 25 | RTO RENTOKIL INITIAL PLC | 0.1% | $1.9m | 79,590 | – | 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.