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 |
DoorDash
DASH
|
+$507M |
| 2 |
Airbnb
ABNB
|
+$162M |
| 3 |
PPLI
People Inc
PPLI
|
+$107M |
| 4 |
JB Hunt Transport Services
JBHT
|
+$99.7M |
| 5 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$94.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bright Horizons
BFAM
|
+$235M |
| 2 |
Lennox International
LII
|
+$137M |
| 3 |
WIX.com
WIX
|
+$122M |
| 4 |
RH
RH
|
+$108M |
| 5 |
Vail Resorts
MTN
|
+$105M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.78% |
| 2 | Consumer Discretionary | 16.42% |
| 3 | Industrials | 12.6% |
| 4 | Real Estate | 9.68% |
| 5 | Financials | 8.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ABCM
51
DELISTED
Abcam PLC
ABCM
| $10.8M | 0.1% |
+500,000
| New | +$9.71M |
|
|
CMRC
52
Commerce.com Inc Series 1
CMRC
$184M
| $3.7M | 0.03% |
57,660
-108,590
| -65% | -$8.67M |
|
53
Lindblad Expeditions
LIND
$2.04B
| $2.91M | 0.03% |
+169,738
| New | +$1.94M |
|
54
Angi Inc
ANGI
$200M
| – | – |
-347,990
| Closed | -$38.6M |
|
55
Cannae Holdings
CNNE
$672M
| – | – |
-294,304
| Closed | -$11M |
|
|
56
Lennox International
LII
$13.9B
| – | – |
-503,013
| Closed | -$137M |
|
|
57
Vail Resorts
MTN
$5.45B
| – | – |
-489,512
| Closed | -$105M |
|
58
Old Dominion Freight Line
ODFL
$42.8B
| – | – |
-485,852
| Closed | -$44M |
|
59
Rollins
ROL
$17.8B
| – | – |
-288,836
| Closed | -$10.4M |
|
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Henry Ellenbogen's Q4 2020 Portfolio in Review
As of Q4 2020, Henry Ellenbogen held 59 positions worth $11.2B, up 24% from $9.09B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Henry Ellenbogen deployed $408M of net new capital in Q4 2020, opening 6 new positions and adding to 21 existing holdings. Its largest new stake was DoorDash: 3,178,350 shares worth $431M.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 37% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was Bright Horizons, an estimated $235M trimmed.
- Henry Ellenbogen's largest Q4 2020 buy was DoorDash: 3,178,350 shares worth $431M.
- Henry Ellenbogen added most to People Inc in Q4 2020, an estimated $107M increase.
- Henry Ellenbogen's biggest Q4 2020 reduction was Bright Horizons, cutting an estimated $235M.
- Henry Ellenbogen fully exited Lennox International in Q4 2020, selling an estimated $137M.
- Henry Ellenbogen's ten largest holdings make up 42% of its $11.2B portfolio in Q4 2020.
- Henry Ellenbogen opened 6 new positions and closed 6 in Q4 2020.
- Henry Ellenbogen's portfolio value rose 24% quarter-over-quarter to $11.2B.
Based on Durable Capital Partners's 13F filing for Q4 2020, filed 16 Feb 2021.