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 |
Clear Secure
YOU
|
+$343M |
| 2 |
CFLT
Confluent
CFLT
|
+$261M |
| 3 |
SoFi Technologies
SOFI
|
+$224M |
| 4 |
Agilon Health
AGL
|
+$217M |
| 5 |
Vail Resorts
MTN
|
+$157M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
StoneCo
STNE
|
+$214M |
| 2 |
PPLI
People Inc
PPLI
|
+$191M |
| 3 |
Vroom Inc
VRM
|
+$149M |
| 4 |
Bright Horizons
BFAM
|
+$118M |
| 5 |
Datadog
DDOG
|
+$98M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.13% |
| 2 | Consumer Discretionary | 16.74% |
| 3 | Industrials | 13.28% |
| 4 | Financials | 11.18% |
| 5 | Real Estate | 8.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Burlington
BURL
$20.6B
| $208M | 1.53% |
646,165
-143,685
| -18% | -$45.7M |
|
|
WCN
27
Waste Connections
WCN
$42.6B
| $190M | 1.4% |
1,592,399
-161,318
| -9% | -$19.2M |
|
|
28
Vail Resorts
MTN
$5.45B
| $181M | 1.34% |
572,408
+491,655
| +609% | +$157M |
|
|
DAY
29
DELISTED
Dayforce
DAY
| $176M | 1.3% |
1,836,236
-13,388
| -0.7% | -$1.21M |
|
30
Airbnb
ABNB
$110B
| $168M | 1.24% |
1,100,000
| – | – |
|
31
National Vision
EYE
$1.41B
| $147M | 1.09% |
2,879,036
-208,205
| -7% | -$10.2M |
|
32
Toro Company
TTC
$9.47B
| $142M | 1.05% |
1,290,509
-39,913
| -3% | -$4.39M |
|
|
VMEO
33
DELISTED
Vimeo
VMEO
| $132M | 0.98% |
+2,699,377
| New | +$124M |
|
|
34
StoneCo
STNE
$2.16B
| $132M | 0.97% |
1,964,819
-3,295,181
| -63% | -$214M |
|
35
XP
XP
$8.53B
| $130M | 0.96% |
2,993,710
-583,642
| -16% | -$24.1M |
|
36
RBC Bearings
RBC
$16B
| $129M | 0.95% |
648,237
-68,164
| -10% | -$13.5M |
|
37
Xometry
XMTR
$4.79B
| $123M | 0.91% |
+1,445,516
| New | +$126M |
|
38
Coupang
CPNG
$29.6B
| $119M | 0.88% |
2,857,142
| – | – |
|
39
GFL Environmental
GFL
$14.8B
| $114M | 0.84% |
3,578,384
-1,786,955
| -33% | -$58.5M |
|
40
Goosehead Insurance
GSHD
$2.58B
| $111M | 0.82% |
869,899
+434,071
| +100% | +$44.2M |
|
|
41
Bright Horizons
BFAM
$3.54B
| $101M | 0.75% |
686,827
-791,731
| -54% | -$118M |
|
42
Descartes Systems
DSGX
$6.7B
| $99M | 0.73% |
1,431,841
-44,284
| -3% | -$2.8M |
|
43
Upwork
UPWK
$1.08B
| $87.2M | 0.64% |
+1,495,276
| New | +$70.3M |
|
44
Frontdoor
FTDR
$5.69B
| $79.2M | 0.58% |
1,589,842
-518,521
| -25% | -$27.3M |
|
|
FTCH
45
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $77.8M | 0.57% |
1,544,820
-682,111
| -31% | -$32.4M |
|
46
Idexx Laboratories
IDXX
$43.9B
| $75.3M | 0.56% |
119,261
-3,689
| -3% | -$2.04M |
|
|
ACCD
47
DELISTED
Accolade Inc
ACCD
| $71.5M | 0.53% |
1,316,136
-40,705
| -3% | -$1.98M |
|
48
ACV Auctions
ACVA
$1.26B
| $61.9M | 0.46% |
2,438,020
| – | – |
|
49
CarGurus
CARG
$3.28B
| $58.4M | 0.43% |
2,226,155
-1,219,467
| -35% | -$31.7M |
|
50
BILL Holdings
BILL
$4.76B
| $45.5M | 0.34% |
248,364
-365,289
| -60% | -$57.2M |
|
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Henry Ellenbogen's Q2 2021 Portfolio in Review
As of Q2 2021, Henry Ellenbogen held 65 positions worth $13.6B, up 15% from $11.8B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Henry Ellenbogen deployed $747M of net new capital in Q2 2021, opening 11 new positions and adding to 12 existing holdings. Its largest new stake was Clear Secure: 8,566,942 shares worth $330M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 31% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was StoneCo, an estimated $214M trimmed.
- Henry Ellenbogen's largest Q2 2021 buy was Clear Secure: 8,566,942 shares worth $330M.
- Henry Ellenbogen added most to Vail Resorts in Q2 2021, an estimated $157M increase.
- Henry Ellenbogen's biggest Q2 2021 reduction was StoneCo, cutting an estimated $214M.
- Henry Ellenbogen fully exited Datadog in Q2 2021, selling an estimated $98M.
- Henry Ellenbogen's ten largest holdings make up 44% of its $13.6B portfolio in Q2 2021.
- Henry Ellenbogen opened 11 new positions and closed 8 in Q2 2021.
- Henry Ellenbogen's portfolio value rose 15% quarter-over-quarter to $13.6B.
Based on Durable Capital Partners's 13F filing for Q2 2021, filed 13 Aug 2021.