Two Creeks Capital Management, LP

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
26
Total value ($000)
$1,219,689
Net value change ($000)
-171,014 (-12.3%)
New positions
5
Sold out positions
4
Turnover %
32.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
DHR 61,197 NEW
U 46,987 NEW
DKNG 38,611 NEW
AMZN 34,063 NEW
TSM 28,903 NEW
MSFT 10,139 25.3%
V 3,831 5.2%
HDB 1,989 7.9%
RTO 1,310 15.3%
WING 1,010 2.5%
Top Reduces (Value $000, Stocks/ETFs)
FLUT -59,782 -100.0%
TEAM -48,714 -100.0%
CRH -47,283 -100.0%
ASML -33,104 -37.0%
CMG -29,882 -31.4%
FND -26,944 -24.4%
TYL -25,103 -100.0%
UBER -21,305 -25.8%
EQT -18,310 -32.6%
MIR -15,232 -18.2%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type