Tremblant Capital Group
WEST PALM BEACH, FL
$3.5bn in 58 US stocks at the end of 30 June 2026. The top 10 are 37.1% of the money. It changed about 22.0% of the portfolio this quarter.
Value
$3.5bn
Stocks
58
Top 10 share
37.1%
Turnover
22.0%
What changed this quarter
New
Bought for the first time this quarter.
- SemtechSMTC4.1% of the fund
- FormfactorFORM3.3% of the fund
- DatadogDDOG1.0% of the fund
- Guardant HealthGH0.9% of the fund
- OndasONDS0.8% of the fund
- NateraNTRA0.6% of the fund
- NRG EnergyNRG0.4% of the fund
Added
Bought more of a stock they already held.
- Varonis SystemsVRNS4.5% of the fund+5%
- Spotify TechnologySPOT3.9% of the fund+5%
- CoupangCPNG3.5% of the fund+41%
- Affirm HoldingsAFRM3.4% of the fund+5%
- RedditRDDT3.0% of the fund+5%
- MongoDBMDB2.9% of the fund+13%
- WingstopWING2.7% of the fund+15%
- CloudflareNET2.7% of the fund+31%
- Q2 HoldingsQTWO2.5% of the fund+8%
- Talen EnergyTLN2.2% of the fund+25%
- CencoraCOR1.9% of the fund+11%
- FirstCash HoldingsFCFS1.3% of the fund+46%
- monday.comMNDY1.0% of the fund+183%
- Walt DisneyDIS0.7% of the fund+3%
- InsuletPODD0.7% of the fund+46%
- Alphatec HoldingsATEC0.6% of the fund+18%
- ShopifySHOP0.5% of the fund+12%
Cut
Sold some of their stake.
- MKSMKSI3.8% of the fund-10%
- Bloom EnergyBE3.2% of the fund-33%
- TKO Group HoldingsTKO3.1% of the fund-10%
- Howmet AerospaceHWM2.5% of the fund-8%
- Grab HoldingsGRAB2.5% of the fund-5%
- Lumentum HoldingsLITE2.4% of the fund-37%
- Wyndham Hotels & ResortsWH2.2% of the fund-9%
- Rocket LabRKLB2.0% of the fund-10%
- Westinghouse Air Brake TechnologiesWAB2.0% of the fund-6%
- BWX TechnologiesBWXT1.2% of the fund-18%
- RokuROKU1.1% of the fund-71%
- StarbucksSBUX1.1% of the fund-33%
- Norwegian Cruise Line HoldingsNCLH0.9% of the fund-42%
- Uber TechnologiesUBER0.8% of the fund-69%
- Amazon.comAMZN0.6% of the fund-21%
- Costar GroupCSGP0.2% of the fund-85%
- Royal Caribbean CruisesRCL<0.1% of the fund-98%
Sold out
Sold their entire stake.
- Palo Alto NetworksPANW-100%
- RollinsROL-100%
- Axon EnterpriseAXON-100%
- nCinoNCNO-100%
- Warner Bros. DiscoveryWBD-100%
- Lionsgate StudiosLION-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Varonis SystemsVRNS | 4.5% | $157m | 3,749,840 | +5% |
| SemtechSMTC | 4.1% | $144m | 887,268 | New |
| Live Nation EntertainmentLYV | 3.9% | $136m | 741,878 | Held |
| Spotify TechnologySPOT | 3.9% | $135m | 293,314 | +5% |
| MKSMKSI | 3.8% | $131m | 295,385 | -10% |
| DoorDashDASH | 3.6% | $124m | 672,273 | Held |
| CoupangCPNG | 3.5% | $121m | 6,950,075 | +41% |
| Affirm HoldingsAFRM | 3.4% | $119m | 1,464,129 | +5% |
| FormfactorFORM | 3.3% | $114m | 713,450 | New |
| Bloom EnergyBE | 3.2% | $111m | 366,911 | -33% |
| TKO Group HoldingsTKO | 3.1% | $109m | 540,968 | -10% |
| RedditRDDT | 3.0% | $104m | 600,346 | +5% |
| MongoDBMDB | 2.9% | $102m | 303,538 | +13% |
| WingstopWING | 2.7% | $95m | 546,553 | +15% |
| CloudflareNET | 2.7% | $94m | 384,993 | +31% |
| Q2 HoldingsQTWO | 2.5% | $89m | 1,842,165 | +8% |
| Howmet AerospaceHWM | 2.5% | $87m | 324,954 | -8% |
| Grab HoldingsGRAB | 2.5% | $87m | 23,045,100 | -5% |
| Lumentum HoldingsLITE | 2.4% | $83m | 96,453 | -37% |
| Chipotle Mexican GrillCMG | 2.3% | $79m | 2,319,529 | Held |
| Wyndham Hotels & ResortsWH | 2.2% | $77m | 919,053 | -9% |
| Talen EnergyTLN | 2.2% | $76m | 197,712 | +25% |
| Rocket LabRKLB | 2.0% | $69m | 676,072 | -10% |
| Westinghouse Air Brake TechnologiesWAB | 2.0% | $68m | 252,814 | -6% |
| CencoraCOR | 1.9% | $67m | 237,486 | +11% |
| FTAI AviationFTAI | 1.8% | $63m | 233,414 | Held |
| EMCOR GroupEME | 1.6% | $56m | 67,255 | Held |
| Targa ResourcesTRGP | 1.5% | $52m | 195,782 | Held |
| FirstCash HoldingsFCFS | 1.3% | $44m | 203,059 | +46% |
| CarvanaCVNA | 1.2% | $42m | 630,952 | Held |
| BWX TechnologiesBWXT | 1.2% | $41m | 208,548 | -18% |
| RokuROKU | 1.1% | $39m | 283,003 | -71% |
| StarbucksSBUX | 1.1% | $39m | 379,456 | -33% |
| Valero EnergyVLO | 1.0% | $36m | 139,187 | Held |
| DatadogDDOG | 1.0% | $35m | 134,035 | New |
| monday.comMNDY | 1.0% | $34m | 464,851 | +183% |
| Idexx LaboratoriesIDXX | 1.0% | $33m | 63,437 | Held |
| Norwegian Cruise Line HoldingsNCLH | 0.9% | $32m | 1,512,176 | -42% |
| Guardant HealthGH | 0.9% | $30m | 197,795 | New |
| Uber TechnologiesUBER | 0.8% | $29m | 400,556 | -69% |
| SoFi TechnologiesSOFI | 0.8% | $28m | 1,578,915 | Held |
| Alnylam PharmaceuticalsALNY | 0.8% | $28m | 92,940 | Held |
| OndasONDS | 0.8% | $28m | 3,366,218 | New |
| Walt DisneyDIS | 0.7% | $26m | 271,194 | +3% |
| InsuletPODD | 0.7% | $24m | 156,111 | +46% |
| MercadoLibreMELI | 0.7% | $23m | 13,372 | Held |
| Alphatec HoldingsATEC | 0.6% | $22m | 2,577,799 | +18% |
| Amazon.comAMZN | 0.6% | $21m | 88,686 | -21% |
| NateraNTRA | 0.6% | $19m | 71,016 | New |
| InsmedINSM | 0.5% | $18m | 170,670 | Held |
| ShopifySHOP | 0.5% | $18m | 155,592 | +12% |
| NRG EnergyNRG | 0.4% | $15m | 104,025 | New |
| Match GroupMTCH | 0.2% | $7m | 193,048 | Held |
| Costar GroupCSGP | 0.2% | $6m | 228,535 | -85% |
| EvercoreEVR | 0.1% | $5m | 13,673 | Held |
| DraftKingsDKNG | 0.1% | $5m | 183,729 | Held |
| ProgressivePGR | 0.1% | $5m | 20,717 | Held |
| Royal Caribbean CruisesRCL | <0.1% | $1m | 4,093 | -98% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 236.4% since 30 June 2025.
Where the money is
Technology34.7%
Retail & consumer18.2%
Media & telecom15.8%
Industrials13.2%
Health care6.9%
Financial services5.8%
Utilities2.6%
Energy2.5%
Real estate0.2%
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.