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Henry Ellenbogen Durable Capital Partners
AUM
$10.3B
Turnover
21.95%
1-Year Est. Return
29.04%
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.
This Fund
S&P 500
This Quarter Est. Return
-5.08%
1 Year Est. Return
+29.04%
3 Year Est. Return
+128.39%
5 Year Est. Return
+105.8%
10 Year Est. Return
–
AUM
$11.2B
AUM Growth
-$1.07B
(-8.7%)
Cap. Flow
-$201M
Cap. Flow % of AUM
Cap. Flow %
-1.79%
Top 10 Holdings %
Top 10 Hldgs %
43.56%
Holding
57
New
11
Increased
18
Reduced
20
Closed
6
Avg Time Held
1.6
years
Top 10 Avg Time Held
1.6
years
Top 20 Avg Time Held
1.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
West Pharmaceutical
WST
|
+$258M |
| 2 |
Masimo
MASI
|
+$195M |
| 3 |
XPO
XPO
|
+$181M |
| 4 |
Idexx Laboratories
IDXX
|
+$158M |
| 5 |
DoorDash
DASH
|
+$150M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Atlassian
TEAM
|
+$383M |
| 2 |
Duolingo
DUOL
|
+$214M |
| 3 |
Old Dominion Freight Line
ODFL
|
+$176M |
| 4 |
Toast
TOST
|
+$173M |
| 5 |
On Holding
ONON
|
+$169M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.02% |
| 2 | Consumer Discretionary | 19.33% |
| 3 | Industrials | 18.09% |
| 4 | Healthcare | 13.62% |
| 5 | Real Estate | 6.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
RBC Bearings
RBC
$15.1B
| $847M | 7.57% |
2,631,346
| – | – |
2020 Q1
20 quarters
|
|
|
2
Duolingo
DUOL
$6.62B
| $526M | 4.7% |
1,694,283
-625,011
| -27% | -$214M |
2021 Q3
14 quarters
|
|
3
Coupang
CPNG
$25.1B
| $505M | 4.51% |
23,009,002
-5,627,285
| -20% | -$131M |
2024 Q1
4 quarters
|
|
4
HubSpot
HUBS
$13.3B
| $484M | 4.33% |
847,463
-117,861
| -12% | -$82.7M |
2022 Q1
12 quarters
|
|
5
Shift4
FOUR
$3.17B
| $484M | 4.32% |
5,919,793
+788,952
| +15% | +$81.3M |
2020 Q2
19 quarters
|
|
6
Intuit
INTU
$94.8B
| $428M | 3.83% |
697,567
-142,966
| -17% | -$85.9M |
2020 Q1
20 quarters
|
|
7
Booking.com
BKNG
$121B
| $428M | 3.82% |
2,322,075
-35,325
| -1% | -$6.76M |
2022 Q4
9 quarters
|
|
8
Shopify
SHOP
$217B
| $408M | 3.65% |
4,275,819
+325,471
| +8% | +$35.5M |
2023 Q4
5 quarters
|
|
9
Carvana
CVNA
$64.6B
| $404M | 3.61% |
9,664,860
-1,176,300
| -11% | -$52M |
2024 Q2
3 quarters
|
|
10
Colliers International
CIGI
$4.93B
| $361M | 3.22% |
2,972,757
+328,430
| +12% | +$43M |
2023 Q1
8 quarters
|
|
|
11
Toast
TOST
$19.3B
| $359M | 3.21% |
10,836,694
-4,607,464
| -30% | -$173M |
2021 Q3
14 quarters
|
|
12
FirstService
FSV
$6.43B
| $358M | 3.2% |
2,156,713
-417,555
| -16% | -$73.2M |
2020 Q1
20 quarters
|
|
|
13
West Pharmaceutical
WST
$27.7B
| $352M | 3.15% |
1,573,119
+935,721
| +147% | +$258M |
2020 Q1
20 quarters
|
|
14
Roper Technologies
ROP
$43.1B
| $333M | 2.98% |
564,799
-76,845
| -12% | -$43.1M |
2020 Q1
20 quarters
|
|
15
APi Group
APG
$16.8B
| $319M | 2.85% |
13,366,757
+5,855,448
| +78% | +$147M |
2024 Q3
2 quarters
|
|
16
Affirm
AFRM
$24.4B
| $297M | 2.66% |
6,580,882
+722,599
| +12% | +$42.8M |
2024 Q3
2 quarters
|
|
17
Acuity Brands
AYI
$9.5B
| $289M | 2.59% |
1,098,485
+10,008
| +0.9% | +$3.03M |
2024 Q3
2 quarters
|
|
18
Descartes Systems
DSGX
$8.04B
| $284M | 2.54% |
2,818,757
-96,807
| -3% | -$10.7M |
2020 Q1
20 quarters
|
|
19
Privia Health
PRVA
$2.92B
| $258M | 2.3% |
11,487,843
| – | – |
2023 Q2
7 quarters
|
|
20
Entegris
ENTG
$19.6B
| $255M | 2.28% |
2,914,417
+881,198
| +43% | +$88.9M |
2023 Q2
7 quarters
|
|
21
iShares Russell 2000 ETF
IWM
$79.4B
| $252M | 2.25% |
1,263,352
+403,325
| +47% | +$87.5M |
2024 Q3
2 quarters
|
|
|
22
XPO
XPO
$22.1B
| $216M | 1.93% |
2,005,297
+1,426,394
| +246% | +$181M |
2024 Q4
1 quarter
|
|
23
Roblox
RBLX
$38.5B
| $202M | 1.81% |
3,466,575
-794,754
| -19% | -$50M |
2024 Q4
1 quarter
|
|
|
24
DoorDash
DASH
$80.6B
| $188M | 1.68% |
1,026,649
+799,096
| +351% | +$150M |
2024 Q4
1 quarter
|
|
|
25
DELISTED
Masimo
MASI
| $188M | 1.68% |
+1,125,619
| New | +$195M |
2025 Q1
0 quarters
|
|
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Henry Ellenbogen's Q1 2025 Portfolio in Review
As of Q1 2025, Henry Ellenbogen held 57 positions worth $11.2B, down 8.7% from $12.3B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Henry Ellenbogen's Q1 2025 filing shows 11 new, 18 increased, 20 reduced and 6 closed positions. Its largest new stake was Masimo: 1,125,619 shares worth $188M. The largest sale was Atlassian, an estimated $383M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, down from 42% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Henry Ellenbogen's largest Q1 2025 buy was Masimo: 1,125,619 shares worth $188M.
- Henry Ellenbogen added most to West Pharmaceutical in Q1 2025, an estimated $258M increase.
- Henry Ellenbogen's biggest Q1 2025 reduction was Duolingo, cutting an estimated $214M.
- Henry Ellenbogen fully exited Atlassian in Q1 2025, selling an estimated $383M.
- Henry Ellenbogen's ten largest holdings make up 44% of its $11.2B portfolio in Q1 2025.
- Henry Ellenbogen opened 11 new positions and closed 6 in Q1 2025.
- Henry Ellenbogen's portfolio value fell 8.7% quarter-over-quarter to $11.2B.
Based on Durable Capital Partners's 13F filing for Q1 2025, filed 15 May 2025.