Two Creeks Capital Management, LP 13F: Quarter-over-Quarter Portfolio Changes
Two Creeks Capital Management, LP reported a disclosed portfolio value of approximately $139.5 million in its latest SEC Form 13F-HR filing for Q2 2026, down 85.3% quarter on quarter. Over the quarter, the fund initiated 1 new position, trimmed 12 holdings, and exited 9 positions.
Two Creeks Capital Management, LP's top buy was a new stake in Ishares Tr (ACWI) , equal to 65.6% of the disclosed portfolio. Its top sell was Danaher CORP Del (DHR) . The fund exited the position completely after it had accounted for 7.1% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| ISHARES TR | ACWI | 65.6% | History → |
Top SellsQ2 2026
Showing the top 10 sells among 12 existing positions where the fund sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| AIRBNB INC | ABNB | -3.9% | 97.7% | Holders → |
| UNITY SOFTWARE INC | U | -3.3% | 96.7% | History → |
| GRAB HOLDINGS LIMITED | GRAB | -2.4% | 95.7% | Holders → |
| UBER TECHNOLOGIES INC | UBER | -5.3% | 95.6% | History → |
| TALEN ENERGY CORP | TLN | -4.7% | 95.4% | History → |
| CHIPOTLE MEXICAN GRILL INC | CMG | -3.0% | 94.9% | History → |
| WINGSTOP INC | WING | -1.5% | 93.9% | Holders → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | -2.5% | 93.6% | History → |
| ASML HLDG NV | ASML | -1.0% | 92.3% | History → |
| VISA INC-CLASS A SHRS | V | -1.8% | 90.3% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| DANAHER CORP DEL | DHR | 7.1% |
| MICROSOFT CORP | MSFT | 6.2% |
| ESCO TECHNOLOGIES INC COM | ESE | 5.4% |
| MIRION TECHNOLOGIES INC | MIR | 4.8% |
| MASTERCARD INC-CLASS A | MA | 4.8% |
| PLANET FITNESS MASTER ISSUER | PLNT | 4.7% |
| FREEPORT MCMORAN INC | FCX | 2.5% |
| CORE & MAIN INC | CNM | 2.1% |
| RENTOKIL INITIAL PLC | RTO | 1.1% |
Net Portfolio Value ChangeQ2 2026
- $0.9BPrior quarter
- $0.1BCurrent quarter
- $-0.8BNet delta
- -85.3%% change
Methodology & FAQ
How Two Creeks Capital Management, LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Two Creeks Capital Management, LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Two Creeks Capital Management, LP buy in Q2 2026?
In Q2 2026, Two Creeks Capital Management, LP initiated 1 new position (ISHARES TR (ACWI)).
What stocks did Two Creeks Capital Management, LP sell in Q2 2026?
In Q2 2026, Two Creeks Capital Management, LP fully sold 9 positions (DANAHER CORP DEL (DHR), MICROSOFT CORP (MSFT), ESCO TECHNOLOGIES INC COM (ESE), MIRION TECHNOLOGIES INC (MIR), MASTERCARD INC-CLASS A (MA), PLANET FITNESS MASTER ISSUER (PLNT), FREEPORT MCMORAN INC (FCX), CORE & MAIN INC (CNM), RENTOKIL INITIAL PLC (RTO)); reduced holdings in AIRBNB INC (ABNB), UNITY SOFTWARE INC (U), GRAB HOLDINGS LIMITED (GRAB), UBER TECHNOLOGIES INC (UBER), TALEN ENERGY CORP (TLN) (the largest 5 of 12 reductions).
Which positions did Two Creeks Capital Management, LP initiate in Q2 2026?
Two Creeks Capital Management, LP established 1 new position in Q2 2026: ISHARES TR (ACWI, 65.6%).
Which existing positions saw the largest allocation increases for Two Creeks Capital Management, LP in Q2 2026?
Two Creeks Capital Management, LP reported no material allocation increases in existing positions in Q2 2026.
Which positions did Two Creeks Capital Management, LP fully exit in Q2 2026?
Two Creeks Capital Management, LP fully exited 9 positions in Q2 2026: DANAHER CORP DEL (DHR, last-reported weight 7.1%), MICROSOFT CORP (MSFT, last-reported weight 6.2%), ESCO TECHNOLOGIES INC COM (ESE, last-reported weight 5.4%), MIRION TECHNOLOGIES INC (MIR, last-reported weight 4.8%), MASTERCARD INC-CLASS A (MA, last-reported weight 4.8%), PLANET FITNESS MASTER ISSUER (PLNT, last-reported weight 4.7%), FREEPORT MCMORAN INC (FCX, last-reported weight 2.5%), CORE & MAIN INC (CNM, last-reported weight 2.1%), RENTOKIL INITIAL PLC (RTO, last-reported weight 1.1%).
Which existing positions saw the largest allocation reductions for Two Creeks Capital Management, LP in Q2 2026?
Of 12 existing positions with share-count reductions in Q2 2026, the largest were: AIRBNB INC (ABNB, -3.9% weight, -97.7% shares), UNITY SOFTWARE INC (U, -3.3% weight, -96.7% shares), GRAB HOLDINGS LIMITED (GRAB, -2.4% weight, -95.7% shares), UBER TECHNOLOGIES INC (UBER, -5.3% weight, -95.6% shares), TALEN ENERGY CORP (TLN, -4.7% weight, -95.4% shares), CHIPOTLE MEXICAN GRILL INC (CMG, -3.0% weight, -94.9% shares), WINGSTOP INC (WING, -1.5% weight, -93.9% shares), TAIWAN SEMICONDUCTOR MANUFAC (TSM, -2.5% weight, -93.6% shares), ASML HLDG NV (ASML, -1.0% weight, -92.3% shares), VISA INC-CLASS A SHRS (V, -1.8% weight, -90.3% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.