Latest Two Creeks Capital Management, LP Stock Portfolio

Two Creeks Capital Management, LP Performance:

2025 Q4: -4.03%YTD: 1.77%2024: 121.6%

Performance for 2025 Q4 is -4.03%, and YTD is 1.77%, and 2024 is 121.6%.

About Two Creeks Capital Management, LP and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Two Creeks Capital Management, LP reported an equity portfolio of $1.2 Billions as of 31 Dec, 2025.

The top stock holdings of Two Creeks Capital Management, LP are FND, V, MIR. The fund has invested 6.9% of it's portfolio in FLOOR & DECOR HLDGS INC and 6.3% of portfolio in VISA INC.

The fund managers got completely rid off FLUTTER ENTMT PLC, ATLASSIAN CORPORATION (TEAM) and CRH PLC (CRH) stocks. They significantly reduced their stock positions in ASML HOLDING N V (ASML), EQT CORP (EQT) and AIRBNB INC (ABNB). Two Creeks Capital Management, LP opened new stock positions in DANAHER CORPORATION (DHR), UNITY SOFTWARE INC (U) and DRAFTKINGS INC NEW (DKNG). The fund showed a lot of confidence in some stocks as they added substantially to COUPANG INC (CPNG), MICROSOFT CORP (MSFT) and WINGSTOP INC (WING).

Two Creeks Capital Management, LP Annual Return Estimates Vs S&P 500

Our best estimate is that Two Creeks Capital Management, LP made a return of -4.03% in the last quarter. In trailing 12 months, it's portfolio return was 1.77%.

Performance
S&P 500

New Buys

Ticker	$ Bought
danaher corporation	61,197,000
unity software inc	46,986,900
draftkings inc new	38,611,100
amazon com inc	34,063,300
taiwan semiconductor mfg ltd	28,903,000

New stocks bought by Two Creeks Capital Management, LP

Additions

Ticker	% Inc.
coupang inc	34.48
microsoft corp	34.14
wingstop inc	8.2
visa inc	2.44
hdfc bank ltd	0.87

Additions to existing portfolio by Two Creeks Capital Management, LP

Reductions

Ticker	% Reduced
asml holding n v	-43.02
eqt corp	-31.51
airbnb inc	-28.35
chipotle mexican grill inc	-27.33
mirion technologies inc	-18.76
planet fitness inc	-15.84
entegris inc	-14.78
uber technologies inc	-11.07

Two Creeks Capital Management, LP reduced stake in above stock

Sold off

Ticker	$ Sold
crh plc	-47,282,600
atlassian corporation	-48,713,600
flutter entmt plc	-59,781,900
tyler technologies inc	-25,102,800

Two Creeks Capital Management, LP got rid off the above stocks

Sector Distribution

Two Creeks Capital Management, LP has about 38.6% of it's holdings in Consumer Cyclical sector.

Sector	%
Consumer Cyclical	38.6
Others	18
Technology	16
Financial Services	10.5
Energy	6.2
Industrials	5.6
Healthcare	5

Market Cap. Distribution

Two Creeks Capital Management, LP has about 55% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	37.6
MID-CAP	18.2
UNALLOCATED	18
MEGA-CAP	17.4
SMALL-CAP	8.7

Stocks belong to which Index?

About 45.2% of the stocks held by Two Creeks Capital Management, LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	54.8
S&P 500	39.6
RUSSELL 2000	5.6

Top 5 Winners (%)		%
RTO	rentokil initial plc	16.6 %
ABNB	airbnb inc	10.1 %
ASML	asml holding n v	8.3 %
HDB	hdfc bank ltd	6.9 %
PLNT	planet fitness inc	4.1 %

Top 5 Winners ($)		$
ASML	asml holding n v	7.4 M
ABNB	airbnb inc	6.1 M
PLNT	planet fitness inc	2.4 M
V	visa inc	2.0 M
HDB	hdfc bank ltd	1.8 M

Top 5 Losers (%)		%
CPNG	coupang inc	-24.1 %
FND	floor & decor hldgs inc	-16.6 %
GRAB	grab holdings limited	-16.4 %
UBER	uber technologies inc	-15.7 %
	talen energy corp	-11.4 %

Top 5 Losers ($)		$
FND	floor & decor hldgs inc	-18.4 M
CPNG	coupang inc	-16.7 M
UBER	uber technologies inc	-12.9 M
GRAB	grab holdings limited	-9.6 M
	talen energy corp	-7.0 M

Two Creeks Capital Management, LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Two Creeks Capital Management, LP

Two Creeks Capital Management, LP has 26 stocks in it's portfolio. About 52.1% of the portfolio is in top 10 stocks. FND proved to be the most loss making stock for the portfolio. ASML was the most profitable stock for Two Creeks Capital Management, LP last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ABNB	airbnb inc	3.93	353,550	47,983,800	reduced	-28.35

AMZN	amazon com inc	2.79	147,575	34,063,300	new

ASML	asml holding n v	4.62	52,625	56,301,400	reduced	-43.02

CHK	expand energy corporation	3.12	344,837	38,056,200	reduced	-7.86

CMG	chipotle mexican grill inc	5.36	1,765,150	65,310,400	reduced	-27.33

CPNG	coupang inc	4.31	2,228,150	52,562,000	added	34.48

CRH	crh plc	0.00	0.00	0.00	sold off	-100

DHR	danaher corporation	5.02	267,329	61,197,000	new

DKNG	draftkings inc new	3.17	1,120,460	38,611,100	new

ENTG	entegris inc	2.98	431,421	36,347,200	reduced	-14.78

EQT	eqt corp	3.11	707,665	37,930,800	reduced	-31.51

FND	floor & decor hldgs inc	6.86	1,373,530	83,634,300	reduced	-8.45

GRAB	grab holdings limited	3.63	8,881,380	44,318,100	reduced	-8.09

HDB	hdfc bank ltd	2.23	743,331	27,161,300	added	0.87

IBN	icici bank limited	0.28	115,114	3,430,400	unchanged	0.00

LOW	lowes cos inc	4.76	240,807	58,073,000	reduced	-10.86

MA	mastercard incorporated	4.21	89,998	51,378,100	reduced	-11.06

MIR	mirion technologies inc	5.61	2,923,800	68,475,400	reduced	-18.76

MSFT	microsoft corp	4.12	103,980	50,286,800	added	34.14

PLNT	planet fitness inc	4.10	461,206	50,027,000	reduced	-15.84