Institutional
Two Creeks Capital Management, LP
CIK 0001606430
$973.8M
Reported AUM
22
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Two Creeks Capital Management, LP · Q1 2026
AI · grounded in 13F
Two Creeks Capital Management, LP exited its position in LOW for a reduction of $58.1M. The fund also closed positions in CPNG and DKNG, reducing exposure by $52.6M and $38.6M respectively. On the buy side, the manager established a new position in ESE worth $50.9M and added AAP with a $26.8M investment. Additionally, the fund increased its holdings in TSM by 91.3% and TLN by 69.1%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | TLN | TALEN ENERGY CORP | $361.74 | -0.82% | 41.08% | 572.33% | $71.8M | 7.37% | +91,817 | +69.1% |
| 2 | UBER | UBER TECHNOLOGIES INC | $70.71 | -2.08% | -17.39% | 62.70% | $71.1M | 7.30% | +239,694 | +32.0% |
| 3 | DHR | DANAHER CORP DEL | $184.30 | -1.25% | -5.33% | -28.54% | $67.4M | 6.92% | +88,180 | +33.0% |
| 4 | V | VISA INC | $323.57 | 1.06% | -11.91% | 36.33% | $66.7M | 6.85% | +1,588 | +0.7% |
| 5 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | $415.17 | -6.69% | 104.85% | 285.24% | $61.5M | 6.31% | +86,829 | +91.3% |
| 6 | FND | FLOOR & DECOR HLDGS INC | $47.41 | -3.05% | -33.65% | -61.14% | $58.9M | 6.05% | −213,141 | −15.5% |
| 7 | MSFT | MICROSOFT CORP | $416.67 | -2.66% | -10.71% | 52.39% | $58.7M | 6.03% | +54,624 | +52.5% |
| 8 | ESE | ESCO TECHNOLOGIES INC | $292.64 | 0.23% | 59.20% | 214.49% | $50.9M | 5.23% | +180,938 | NEW |
| 9 | MIR | MIRION TECHNOLOGIES INC | $17.08 | -6.26% | -14.13% | 70.63% | $45.5M | 4.68% | −474,743 | −16.2% |
| 10 | MA | MASTERCARD INCORPORATED | $491.08 | 1.93% | -16.29% | 31.00% | $45.3M | 4.65% | +651 | +0.7% |
| 11 | ABNB | AIRBNB INC | $133.54 | -0.13% | -5.05% | -7.27% | $45.0M | 4.62% | +2,775 | +0.8% |
| 12 | PLNT | PLANET FITNESS MASTER ISSUER | $50.26 | -0.83% | -52.00% | -32.63% | $44.9M | 4.61% | +142,720 | +30.9% |
| 13 | CMG | CHIPOTLE MEXICAN GRILL INC | $29.34 | 4.12% | -44.11% | -21.27% | $44.4M | 4.56% | −376,878 | −21.4% |
| 14 | U | UNITY SOFTWARE INC | $29.17 | -2.86% | 16.08% | -72.77% | $43.5M | 4.47% | +919,910 | +86.5% |
| 15 | ASML | ASML HLDG NV | $1641.74 | -6.59% | 119.73% | 124.14% | $43.5M | 4.46% | −19,716 | −37.5% |
| 16 | GRAB | GRAB HOLDINGS LIMITED | $3.33 | -0.30% | -35.40% | -68.73% | $32.8M | 3.36% | +69,703 | +0.8% |
| 17 | AAP | ADVANCE AUTO PARTS INC | $57.83 | 1.79% | 10.34% | -69.91% | $26.8M | 2.75% | +507,900 | NEW |
| 18 | WING | WINGSTOP INC | $142.23 | -1.56% | -61.82% | -12.02% | $26.8M | 2.75% | +1,346 | +0.8% |
| 19 | FCX | FREEPORT MCMORAN INC | $63.37 | -9.07% | 54.55% | 78.15% | $23.5M | 2.41% | +399,816 | NEW |
| 20 | CNM | CORE & MAIN INC | $51.97 | -0.76% | -12.92% | 89.46% | $20.0M | 2.06% | +405,639 | NEW |
| 21 | HDB | HDFC BANK LTD | $23.41 | -2.58% | -38.82% | -28.83% | $14.2M | 1.46% | −172,177 | −23.2% |
| 22 | RTO | RENTOKIL INITIAL PLC | $29.70 | -0.17% | 28.31% | -19.16% | $10.5M | 1.08% | — | HELD |
| 23 | LOW | LOWES COS INC | $210.74 | 1.55% | -4.61% | 20.25% | — | — | −240,807 | EXITED |
| 24 | CPNG | COUPANG INC | $15.15 | -8.35% | -46.75% | -58.29% | — | — | −2,228,146 | EXITED |
| 25 | DKNG | DRAFTKINGS INC NEW | $24.93 | -1.73% | -30.38% | -48.60% | — | — | −1,120,460 | EXITED |
| 26 | EXE | EXPAND ENERGY CORPORATION | $92.07 | -1.42% | -19.02% | 115.20% | — | — | −344,837 | EXITED |
| 27 | EQT | EQT CORP | $53.75 | -2.70% | -3.56% | 212.91% | — | — | −707,665 | EXITED |
| 28 | ENTG | ENTEGRIS INC | $125.41 | -10.34% | 72.62% | 5.96% | — | — | −431,421 | EXITED |
| 29 | AMZN | AMAZON COM INC | $246.03 | -3.06% | 15.20% | 47.87% | — | — | −147,575 | EXITED |
| 30 | IBN | ICICI BANK LIMITED | $25.95 | -0.54% | -23.48% | 44.36% | — | — | −115,114 | EXITED |
Source: SEC EDGAR · accession 0001172661-26-002355. 13F discloses long positions only — shorts, foreign equities, and options are excluded.