Henry Ellenbogen Durable Capital Partners
Henry Ellenbogen is the founder of Durable Capital Partners, a firm focused on long-term ownership of innovative and durable growth companies. He previously managed growth portfolios at T. Rowe Price, where he built a reputation for identifying businesses early in their scaling phase. Durable’s public filings are followed for exposure to founder-led and high-quality growth equities.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MAIR
Madison Air Solutions
MAIR
|
+$397M |
| 2 |
Twilio
TWLO
|
+$327M |
| 3 |
Fabrinet
FN
|
+$249M |
| 4 |
Ferguson
FERG
|
+$190M |
| 5 |
Shopify
SHOP
|
+$156M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RBC Bearings
RBC
|
+$337M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$255M |
| 3 |
Bio-Techne
TECH
|
+$214M |
| 4 |
MDLN
Medline Inc
MDLN
|
+$187M |
| 5 |
Coupang
CPNG
|
+$162M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 42.81% |
| 2 | Technology | 20.33% |
| 3 | Consumer Discretionary | 19.32% |
| 4 | Healthcare | 7.87% |
| 5 | Financials | 6.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
RBC Bearings
RBC
$16B
| $1.1B | 10.7% |
1,708,921
-566,715
| -25% | -$337M |
|
2
DoorDash
DASH
$96.8B
| $767M | 7.46% |
4,154,183
-121,823
| -3% | -$20.1M |
|
|
Q
3
Qnity Electronics Inc
Q
$27B
| $744M | 7.23% |
4,553,414
-534,694
| -11% | -$78.8M |
|
|
4
Ferguson
FERG
$46.9B
| $707M | 6.88% |
2,979,735
+787,760
| +36% | +$190M |
|
5
Mercado Libre
MELI
$97.5B
| $524M | 5.1% |
308,663
-42,182
| -12% | -$72M |
|
6
APi Group
APG
$17.8B
| $514M | 5% |
12,131,313
-2,643,923
| -18% | -$116M |
|
7
XPO
XPO
$23.2B
| $498M | 4.84% |
2,424,919
-511,015
| -17% | -$108M |
|
8
Carvana
CVNA
$76.9B
| $442M | 4.3% |
6,720,882
+1,742,177
| +35% | +$123M |
|
|
MAIR
9
Madison Air Solutions
MAIR
$13B
| $398M | 3.87% |
+10,196,486
| New | +$397M |
|
|
10
Twilio
TWLO
$34.6B
| $381M | 3.7% |
+1,846,153
| New | +$327M |
|
11
Affirm
AFRM
$25.8B
| $361M | 3.51% |
4,425,406
-1,224,028
| -22% | -$80M |
|
|
12
Fabrinet
FN
$15.6B
| $339M | 3.3% |
603,340
+386,868
| +179% | +$249M |
|
13
Privia Health
PRVA
$2.7B
| $299M | 2.91% |
11,635,948
-451,895
| -4% | -$10.5M |
|
14
UL Solutions
ULS
$15.2B
| $299M | 2.91% |
2,937,488
-354,028
| -11% | -$33.5M |
|
15
CRH
CRH
$63.2B
| $285M | 2.77% |
2,665,296
+1,187,519
| +80% | +$131M |
|
|
16
Shopify
SHOP
$192B
| $267M | 2.59% |
2,335,694
+1,363,880
| +140% | +$156M |
|
17
Clean Harbors
CLH
$16.7B
| $267M | 2.59% |
892,405
-158,568
| -15% | -$46.8M |
|
18
Rocket Companies
RKT
$39.4B
| $260M | 2.53% |
16,488,238
-2,817,487
| -15% | -$40.6M |
|
19
VSE Corp
VSEC
$6.11B
| $224M | 2.18% |
980,310
-424,461
| -30% | -$81.5M |
|
20
Flowserve
FLS
$10.1B
| $216M | 2.1% |
2,911,004
+1,959,206
| +206% | +$149M |
|
21
Shift4
FOUR
$3.78B
| $215M | 2.09% |
4,423,633
-1,742,160
| -28% | -$75.3M |
|
22
Warby Parker
WRBY
$3.39B
| $194M | 1.89% |
6,396,513
| – | – |
|
23
Option Care Health
OPCH
$3.55B
| $129M | 1.26% |
6,163,722
-2,827,532
| -31% | -$65.7M |
|
|
MDLN
24
Medline Inc
MDLN
$30.1B
| $104M | 1.01% |
2,627,321
-4,638,532
| -64% | -$187M |
|
25
Xometry
XMTR
$4.79B
| $98M | 0.95% |
1,014,976
+959,571
| +1,732% | +$68.6M |
|
Similar funds
Henry Ellenbogen's Q2 2026 Portfolio in Review
As of Q2 2026, Henry Ellenbogen held 41 positions worth $10.3B, up 5.9% from $9.71B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Henry Ellenbogen withdrew a net $532M in Q2 2026, closing 5 positions and reducing 20 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $255M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 43% of assets, up from 41% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Henry Ellenbogen opened a new position in Madison Air Solutions worth $398M.
- Henry Ellenbogen's largest Q2 2026 buy was Madison Air Solutions: 10,196,486 shares worth $398M.
- Henry Ellenbogen added most to Fabrinet in Q2 2026, an estimated $249M increase.
- Henry Ellenbogen's biggest Q2 2026 reduction was RBC Bearings, cutting an estimated $337M.
- Henry Ellenbogen fully exited iShares Russell 2000 ETF in Q2 2026, selling an estimated $255M.
- Henry Ellenbogen's ten largest holdings make up 59% of its $10.3B portfolio in Q2 2026.
- Henry Ellenbogen opened 4 new positions and closed 5 in Q2 2026.
- Henry Ellenbogen's portfolio value rose 5.9% quarter-over-quarter to $10.3B.
Based on Durable Capital Partners's 13F filing for Q2 2026, filed 14 Aug 2026.