Fernbridge Capital Management LP
LOS ANGELES, CA
$1.4bn in 16 US stocks at the end of 30 June 2026. The top 10 are 83.8% of the money. It changed about 19.1% of the portfolio this quarter.
Value
$1.4bn
Stocks
16
Top 10 share
83.8%
Turnover
19.1%
What changed this quarter
New
Bought for the first time this quarter.
- NvidiaNVDA2.8% of the fund
- Taiwan Semiconductor ManufacturingTSM1.7% of the fund
Added
Bought more of a stock they already held.
- VisaV10.4% of the fund+9%
- Amazon.comAMZN6.6% of the fund+5%
- XylemXYL5.0% of the fund+7%
- Spotify TechnologySPOT4.8% of the fund+113%
- Core & MainCNM4.8% of the fund+15%
- Performance Food GroupPFGC3.7% of the fund+13%
- Louisiana-PacificLPX3.2% of the fund+39%
- DoorDashDASH2.0% of the fund+82%
Cut
Sold some of their stake.
- PTCPTC9.2% of the fund-15%
- WorkdayWDAY9.0% of the fund-9%
- IntuitINTU7.9% of the fund-17%
- BroadcomAVGO4.0% of the fund-3%
- Capital One FinancialCOF2.8% of the fund-18%
Sold out
Sold their entire stake.
- Tetra TechTTEK-100%
- Booking HoldingsBKNG-100%
- AppLovinAPP-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| SalesforceCRM | 22.1% | $302m | 1,928,571 | Held |
| VisaV | 10.4% | $142m | 413,310 | +9% |
| PTCPTC | 9.2% | $125m | 1,101,110 | -15% |
| WorkdayWDAY | 9.0% | $123m | 1,008,623 | -9% |
| IntuitINTU | 7.9% | $108m | 415,261 | -17% |
| Amazon.comAMZN | 6.6% | $90m | 378,966 | +5% |
| XylemXYL | 5.0% | $68m | 572,614 | +7% |
| Spotify TechnologySPOT | 4.8% | $66m | 143,826 | +113% |
| Core & MainCNM | 4.8% | $65m | 1,345,061 | +15% |
| BroadcomAVGO | 4.0% | $55m | 144,403 | -3% |
| Performance Food GroupPFGC | 3.7% | $50m | 450,988 | +13% |
| Louisiana-PacificLPX | 3.2% | $44m | 561,155 | +39% |
| NvidiaNVDA | 2.8% | $39m | 193,818 | New |
| Capital One FinancialCOF | 2.8% | $38m | 188,258 | -18% |
| DoorDashDASH | 2.0% | $28m | 151,098 | +82% |
| Taiwan Semiconductor ManufacturingTSM | 1.7% | $23m | 47,847 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 34.9% since 30 June 2025.
Where the money is
Technology56.7%
Financial services13.1%
Industrials12.9%
Retail & consumer8.7%
Media & telecom4.8%
Everyday goods3.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.