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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
+5.02%
1 Year Est. Return
+29.04%
3 Year Est. Return
+128.39%
5 Year Est. Return
+105.8%
10 Year Est. Return
–
AUM
$13.5B
AUM Growth
+$290M
(+2.2%)
Cap. Flow
+$59.6M
Cap. Flow % of AUM
Cap. Flow %
0.44%
Top 10 Holdings %
Top 10 Hldgs %
44.31%
Holding
54
New
10
Increased
16
Reduced
17
Closed
6
Avg Time Held
1.7
years
Top 10 Avg Time Held
0.7
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Figma
FIG
|
+$369M |
| 2 |
Flutter Entertainment
FLUT
|
+$267M |
| 3 |
CBIZ
CBZ
|
+$253M |
| 4 |
Ferguson
FERG
|
+$247M |
| 5 |
Rocket Companies
RKT
|
+$192M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$560M |
| 2 |
Intuit
INTU
|
+$249M |
| 3 |
Descartes Systems
DSGX
|
+$229M |
| 4 |
Toast
TOST
|
+$169M |
| 5 |
Molina Healthcare
MOH
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 26% |
| 2 | Technology | 23.24% |
| 3 | Consumer Discretionary | 21.43% |
| 4 | Healthcare | 11.89% |
| 5 | Real Estate | 6.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
RBC Bearings
RBC
$15.7B
| $984M | 7.29% |
2,521,043
| – | – |
2020 Q1
22 quarters
|
|
2
Coupang
CPNG
$25.7B
| $800M | 5.93% |
24,833,189
+89,207
| +0.4% | +$2.7M |
2024 Q1
6 quarters
|
|
3
Shopify
SHOP
$223B
| $675M | 5% |
4,543,835
| – | – |
2023 Q4
7 quarters
|
|
4
Colliers International
CIGI
$4.77B
| $578M | 4.28% |
3,699,124
+73,623
| +2% | +$11.3M |
2023 Q1
10 quarters
|
|
5
XPO
XPO
$21.9B
| $560M | 4.15% |
4,331,280
+736,224
| +20% | +$95.6M |
2024 Q4
3 quarters
|
|
6
APi Group
APG
$17.3B
| $512M | 3.79% |
14,898,178
-1,037,174
| -7% | -$36.2M |
2024 Q3
4 quarters
|
|
7
Roblox
RBLX
$37.4B
| $489M | 3.62% |
3,529,982
-1,058,746
| -23% | -$132M |
2024 Q4
3 quarters
|
|
8
Acuity Brands
AYI
$9.31B
| $470M | 3.48% |
1,363,619
+113,720
| +9% | +$36.3M |
2024 Q3
4 quarters
|
|
9
Affirm
AFRM
$24.9B
| $458M | 3.39% |
6,268,515
-1,120,822
| -15% | -$85.3M |
2024 Q3
4 quarters
|
|
10
DoorDash
DASH
$83.1B
| $455M | 3.37% |
1,671,659
+645,010
| +63% | +$162M |
2024 Q4
3 quarters
|
|
11
Shift4
FOUR
$3.19B
| $435M | 3.23% |
5,626,484
-1,038,959
| -16% | -$96.6M |
2020 Q2
21 quarters
|
|
12
Mercado Libre
MELI
$95.3B
| $410M | 3.04% |
175,436
+27,452
| +19% | +$65.9M |
2025 Q1
2 quarters
|
|
13
Veeva Systems
VEEV
$51.6B
| $375M | 2.78% |
1,258,853
+281,872
| +29% | +$79.3M |
2025 Q2
1 quarter
|
|
14
FirstService
FSV
$6.05B
| $365M | 2.71% |
2,216,720
+253,155
| +13% | +$49M |
2020 Q1
22 quarters
|
|
15
Entegris
ENTG
$21.8B
| $348M | 2.58% |
3,765,035
+709,121
| +23% | +$60.3M |
2023 Q2
9 quarters
|
|
16
Carvana
CVNA
$66.3B
| $337M | 2.49% |
4,462,385
| – | – |
2024 Q2
5 quarters
|
|
|
17
Flutter Entertainment
FLUT
$13.7B
| $316M | 2.34% |
1,243,988
+911,507
| +274% | +$267M |
2025 Q1
2 quarters
|
|
18
West Pharmaceutical
WST
$27.4B
| $308M | 2.28% |
1,172,583
+131,935
| +13% | +$32.1M |
2020 Q1
22 quarters
|
|
19
Booking.com
BKNG
$123B
| $299M | 2.21% |
1,382,975
+450,325
| +48% | +$101M |
2022 Q4
11 quarters
|
|
|
20
Intuit
INTU
$89.6B
| $299M | 2.21% |
437,256
-345,036
| -44% | -$249M |
2020 Q1
22 quarters
|
|
21
Privia Health
PRVA
$2.93B
| $291M | 2.16% |
11,691,685
+203,842
| +2% | +$4.39M |
2023 Q2
9 quarters
|
|
22
Duolingo
DUOL
$6.53B
| $282M | 2.09% |
874,919
-198,437
| -18% | -$66.4M |
2021 Q3
16 quarters
|
|
|
23
Figma
FIG
$12.1B
| $279M | 2.06% |
+5,369,380
| New | +$369M |
2025 Q3
0 quarters
|
|
|
24
Ferguson
FERG
$43.9B
| $245M | 1.81% |
+1,088,970
| New | +$247M |
2025 Q3
0 quarters
|
|
25
Warby Parker
WRBY
$3.17B
| $241M | 1.79% |
8,752,607
-845,201
| -9% | -$21.4M |
2021 Q3
16 quarters
|
|
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Henry Ellenbogen's Q3 2025 Portfolio in Review
As of Q3 2025, Henry Ellenbogen held 54 positions worth $13.5B, up 2.2% from $13.2B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Henry Ellenbogen's Q3 2025 filing shows 10 new, 16 increased, 17 reduced and 6 closed positions. Its largest new stake was Figma: 5,369,380 shares worth $279M. The largest sale was iShares Russell 2000 ETF, an estimated $560M.
By sector, the portfolio is most concentrated in Industrials at 26% of assets, up from 20% a quarter earlier, followed by Technology and Consumer Discretionary.
- Henry Ellenbogen's largest Q3 2025 buy was Figma: 5,369,380 shares worth $279M.
- Henry Ellenbogen added most to Flutter Entertainment in Q3 2025, an estimated $267M increase.
- Henry Ellenbogen's biggest Q3 2025 reduction was Intuit, cutting an estimated $249M.
- Henry Ellenbogen fully exited iShares Russell 2000 ETF in Q3 2025, selling an estimated $560M.
- Henry Ellenbogen's ten largest holdings make up 44% of its $13.5B portfolio in Q3 2025.
- Henry Ellenbogen opened 10 new positions and closed 6 in Q3 2025.
- Henry Ellenbogen's portfolio value rose 2.2% quarter-over-quarter to $13.5B.
Based on Durable Capital Partners's 13F filing for Q3 2025, filed 14 Nov 2025.