Tremblant Capital Group Portfolio holdings
Tremblant Capital is a stock-picking hedge fund firm founded in 2001 by Brett Barakett, a former portfolio manager at Moore Capital Management. Its hedge funds generally run a global long/short equity strategy built on bottom-up research into the businesses and finances of publicly traded companies, and the firm also runs long-only funds. It also has an exchange-traded fund, the Tremblant Global ETF (TOGA), with Barakett as chief investment officer. Its funds are meant for sophisticated and institutional investors, and its clients include pension plans and charities.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Semtech
SMTC
|
+$116M |
| 2 |
FormFactor
FORM
|
+$94.7M |
| 3 |
Coupang
CPNG
|
+$36.4M |
| 4 |
Ondas Inc
ONDS
|
+$33.2M |
| 5 |
Datadog
DDOG
|
+$24.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Roku
ROKU
|
+$82.7M |
| 2 |
Palo Alto Networks
PANW
|
+$80.9M |
| 3 |
Uber
UBER
|
+$66.5M |
| 4 |
Royal Caribbean
RCL
|
+$66.5M |
| 5 |
Rollins
ROL
|
+$50.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.86% |
| 2 | Consumer Discretionary | 18.89% |
| 3 | Communication Services | 15.97% |
| 4 | Industrials | 14.21% |
| 5 | Healthcare | 6.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Varonis Systems
VRNS
$5.65B
| $157M | 4.52% |
3,749,840
+170,172
| +5% | +$4.99M |
2019 Q1
29 quarters
|
|
|
2
Semtech
SMTC
$11.7B
| $144M | 4.12% |
+887,268
| New | +$116M |
2026 Q2
0 quarters
|
|
3
Live Nation Entertainment
LYV
$42.5B
| $136M | 3.9% |
741,878
-13,349
| -2% | -$2.2M |
2025 Q2
4 quarters
|
|
4
Spotify
SPOT
$125B
| $135M | 3.87% |
293,314
+12,869
| +5% | +$6.13M |
2018 Q2
32 quarters
|
|
5
MKS Inc
MKSI
$15.3B
| $131M | 3.77% |
295,385
-34,401
| -10% | -$10.8M |
2026 Q1
1 quarter
|
|
6
DoorDash
DASH
$77.7B
| $124M | 3.56% |
672,273
-4,875
| -0.7% | -$806K |
2021 Q1
21 quarters
|
|
|
7
Coupang
CPNG
$28.7B
| $121M | 3.47% |
6,950,075
+2,014,040
| +41% | +$36.4M |
2022 Q4
14 quarters
|
|
8
Affirm
AFRM
$23B
| $119M | 3.43% |
1,464,129
+66,881
| +5% | +$4.37M |
2025 Q4
2 quarters
|
|
|
9
FormFactor
FORM
$7.51B
| $114M | 3.28% |
+713,450
| New | +$94.7M |
2026 Q2
0 quarters
|
|
10
Bloom Energy
BE
$61.9B
| $111M | 3.19% |
366,911
-178,273
| -33% | -$45.7M |
2025 Q4
2 quarters
|
|
11
TKO Group
TKO
$14.5B
| $109M | 3.13% |
540,968
-57,329
| -10% | -$11.2M |
2023 Q3
11 quarters
|
|
12
Reddit
RDDT
$20.4B
| $104M | 2.99% |
600,346
+26,603
| +5% | +$4.26M |
2025 Q4
2 quarters
|
|
13
MongoDB
MDB
$27.2B
| $102M | 2.93% |
303,538
+36,080
| +13% | +$10.8M |
2025 Q4
2 quarters
|
|
14
Wingstop
WING
$4.51B
| $94.8M | 2.72% |
546,553
+69,452
| +15% | +$10.9M |
2025 Q1
5 quarters
|
|
15
Cloudflare
NET
$113B
| $94.4M | 2.71% |
384,993
+90,785
| +31% | +$19.9M |
2025 Q4
2 quarters
|
|
16
Q2 Holdings
QTWO
$4.58B
| $88.6M | 2.54% |
1,842,165
+139,189
| +8% | +$6.61M |
2018 Q4
30 quarters
|
|
17
Howmet Aerospace
HWM
$89.1B
| $87.4M | 2.51% |
324,954
-28,977
| -8% | -$7.44M |
2025 Q4
2 quarters
|
|
18
Grab
GRAB
$13.4B
| $86.9M | 2.5% |
23,045,100
-1,326,335
| -5% | -$4.83M |
2022 Q1
17 quarters
|
|
19
Lumentum
LITE
$58.8B
| $82.8M | 2.38% |
96,453
-56,232
| -37% | -$50.2M |
2025 Q4
2 quarters
|
|
20
Chipotle Mexican Grill
CMG
$46.3B
| $78.9M | 2.27% |
2,319,529
-781
| -0% | -$25.5K |
2025 Q3
3 quarters
|
|
21
Wyndham Hotels & Resorts
WH
$5.99B
| $77.4M | 2.22% |
919,053
-93,637
| -9% | -$7.76M |
2018 Q2
32 quarters
|
|
22
Talen Energy Corp
TLN
$16.5B
| $76M | 2.18% |
197,712
+40,152
| +25% | +$14.7M |
2025 Q4
2 quarters
|
|
23
Rocket Lab Corp
RKLB
$42.3B
| $68.7M | 1.97% |
676,072
-77,740
| -10% | -$7.75M |
2025 Q4
2 quarters
|
|
24
Wabtec
WAB
$51B
| $68.2M | 1.96% |
252,814
-15,044
| -6% | -$3.98M |
2022 Q4
14 quarters
|
|
25
Cencora
COR
$66.8B
| $67.2M | 1.93% |
237,486
+23,973
| +11% | +$6.91M |
2025 Q4
2 quarters
|
|
Similar funds
Tremblant Capital Group's Q2 2026 Portfolio in Review
As of Q2 2026, Tremblant Capital Group held 64 positions worth $3.48B, up 12% from $3.11B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Tremblant Capital Group withdrew a net $191M in Q2 2026, closing 6 positions and reducing 30 holdings. Its most notable exit was Palo Alto Networks, an estimated $80.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Tremblant Capital Group opened a new position in Semtech worth $144M.
- Tremblant Capital Group's largest Q2 2026 buy was Semtech: 887,268 shares worth $144M.
- Tremblant Capital Group added most to Coupang in Q2 2026, an estimated $36.4M increase.
- Tremblant Capital Group's biggest Q2 2026 reduction was Roku, cutting an estimated $82.7M.
- Tremblant Capital Group fully exited Palo Alto Networks in Q2 2026, selling an estimated $80.9M.
- Tremblant Capital Group's ten largest holdings make up 37% of its $3.48B portfolio in Q2 2026.
- Tremblant Capital Group opened 7 new positions and closed 6 in Q2 2026.
- Tremblant Capital Group's portfolio value rose 12% quarter-over-quarter to $3.48B.
Based on Tremblant Capital Group's 13F filing for Q2 2026, filed 14 Aug 2026.