Two Creeks Capital Management, LP
New York, NY
$140m in 13 US stocks at the end of 30 June 2026. The top 10 are 96.8% of the money. It changed about 68.1% of the portfolio this quarter.
Value
$140m
Stocks
13
Top 10 share
96.8%
Turnover
68.1%
What changed this quarter
New
Bought for the first time this quarter.
- Ishares TRACWI65.6% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- Floor & Decor HoldingsFND7.3% of the fund-85%
- VisaV5.3% of the fund-90%
- Taiwan Semiconductor ManufacturingTSM4.0% of the fund-94%
- ASML Holding NVASML3.6% of the fund-92%
- HDFC BankHDB2.9% of the fund-73%
- Talen EnergyTLN2.9% of the fund-95%
- Uber TechnologiesUBER2.2% of the fund-96%
- Chipotle Mexican GrillCMG1.7% of the fund-95%
- Unity SoftwareU1.3% of the fund-97%
- WingstopWING1.3% of the fund-94%
- Grab HoldingsGRAB1.0% of the fund-96%
- AirbnbABNB0.8% of the fund-98%
Sold out
Sold their entire stake.
- DanaherDHR-100%
- MicrosoftMSFT-100%
- Esco TechnologiesESE-100%
- Mirion TechnologiesMIR-100%
- MastercardMA-100%
- Planet FitnessPLNT-100%
- Freeport-McMoRanFCX-100%
- Core & MainCNM-100%
- Rentokil InitialRTO-100%
Holdings
- Ishares TRACWI
- Share
- 65.6%
- Value
- $92m
- Shares
- 583,355
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Ishares TRACWI | 65.6% | $92m | 583,355 | New |
| Floor & Decor HoldingsFND | 7.3% | $10m | 172,479 | -85% |
| VisaV | 5.3% | $7m | 21,377 | -90% |
| Taiwan Semiconductor ManufacturingTSM | 4.0% | $6m | 11,565 | -94% |
| ASML Holding NVASML | 3.6% | $5m | 2,526 | -92% |
| HDFC BankHDB | 2.9% | $4m | 155,400 | -73% |
| Talen EnergyTLN | 2.9% | $4m | 10,394 | -95% |
| Uber TechnologiesUBER | 2.2% | $3m | 43,061 | -96% |
| Chipotle Mexican GrillCMG | 1.7% | $2m | 70,668 | -95% |
| Unity SoftwareU | 1.3% | $2m | 65,563 | -97% |
| WingstopWING | 1.3% | $2m | 10,533 | -94% |
| Grab HoldingsGRAB | 1.0% | $1m | 386,481 | -96% |
| AirbnbABNB | 0.8% | $1m | 8,246 | -98% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 90.7% since 30 June 2025.
Where the money is
Retail & consumer11.2%
Financial services8.1%
Technology6.3%
Industrials5.8%
Utilities2.9%
Other65.6%
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.