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TCCM
Two Creeks Capital Management Portfolio holdings
AUM
$974M
1-Year Est. Return
2.54%
This Fund
S&P 500
This Quarter
Est. Return
+5.39%
1 Year Est. Return
+2.54%
3 Year Est. Return
+28.44%
5 Year Est. Return
+30.87%
10 Year Est. Return
+227.36%
AUM
$1.8B
AUM Growth
-$132M
(-6.8%)
Cap. Flow
-$246M
Cap. Flow
% of AUM
-13.71%
Top 10 Holdings %
Top 10 Hldgs %
64.32%
Holding
28
New
1
Increased
7
Reduced
9
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$26.6M |
| 2 |
Lamb Weston
LW
|
+$17.3M |
| 3 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$12.6M |
| 4 |
ICICI Bank
IBN
|
+$6.99M |
| 5 |
Ulta Beauty
ULTA
|
+$6.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Union Pacific
UNP
|
+$89.7M |
| 2 |
Visa
V
|
+$49.5M |
| 3 |
RSPP
RSP Permian, Inc.
RSPP
|
+$44.5M |
| 4 |
AZPN
ASPEN TECHNOLOGY INC
AZPN
|
+$20.2M |
| 5 |
Diamondback Energy
FANG
|
+$19M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.64% |
| 2 | Consumer Discretionary | 17.51% |
| 3 | Energy | 12.39% |
| 4 | Consumer Staples | 12.06% |
| 5 | Technology | 10.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Visa
V
$684B
| $194M | 10.79% |
1,291,238
-348,205
| -21% | -$49.5M |
|
2
Constellation Brands
STZ
$22.3B
| $137M | 7.65% |
636,796
| – | – |
|
3
Ecolab
ECL
$78.6B
| $116M | 6.45% |
738,274
| – | – |
|
4
Restaurant Brands International
QSR
$25.8B
| $114M | 6.37% |
1,930,261
-289,272
| -13% | -$17.6M |
|
|
5
Adobe
ADBE
$98.5B
| $109M | 6.1% |
405,489
+102,978
| +34% | +$26.6M |
|
|
6
Ulta Beauty
ULTA
$22.2B
| $109M | 6.06% |
385,686
+25,041
| +7% | +$6.39M |
|
7
HDFC Bank
HDB
$124B
| $97.2M | 5.41% |
4,130,876
| – | – |
|
|
8
Diamondback Energy
FANG
$56.2B
| $96.2M | 5.36% |
711,910
-149,100
| -17% | -$19M |
|
|
PXD
9
DELISTED
Pioneer Natural Resource Co.
PXD
| $95.1M | 5.29% |
545,741
| – | – |
|
10
Verisk Analytics
VRSK
$26.1B
| $86.9M | 4.84% |
720,590
-134,624
| -16% | -$15.7M |
|
11
Lowe's Companies
LOW
$118B
| $80.3M | 4.47% |
699,373
-144,174
| -17% | -$15M |
|
|
12
Lamb Weston
LW
$7.36B
| $79.3M | 4.42% |
1,190,779
+251,693
| +27% | +$17.3M |
|
|
13
CALL
Lowe's Companies
LOW
$118B
| $76.9M | 4.28% |
669,400
-167,400
| -20% | -$17.4M |
|
14
Tyler Technologies
TYL
$13.2B
| $74.3M | 4.14% |
303,039
-36,376
| -11% | -$8.65M |
|
|
AZPN
15
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $71.3M | 3.97% |
625,803
-177,279
| -22% | -$20.2M |
|
16
CALL
Starbucks
SBUX
$121B
| $60M | 3.34% |
1,056,400
| – | – |
|
17
Liberty Latin America Class C
LILAK
$1.61B
| $54.2M | 3.02% |
3,069,761
+25,234
| +0.8% | +$425K |
|
|
18
ICICI Bank
IBN
$109B
| $43.7M | 2.43% |
5,149,960
+790,570
| +18% | +$6.99M |
|
|
WFT
19
DELISTED
Weatherford International plc
WFT
| $31.2M | 1.74% |
11,515,281
-2,413,817
| -17% | -$7.08M |
|
|
20
CALL
Visa
V
$684B
| $21.9M | 1.22% |
146,000
| – | – |
|
|
CXO
21
DELISTED
CONCHO RESOURCES INC.
CXO
| $13.6M | 0.76% |
+89,050
| New | +$12.6M |
|
|
22
CALL
Diamondback Energy
FANG
$56.2B
| $12.9M | 0.72% |
95,600
+85,500
| +847% | +$10.9M |
|
|
DESP
23
DELISTED
Despegar.com
DESP
| $11M | 0.61% |
650,350
| – | – |
|
|
24
Liberty Latin America Class A
LILA
$1.63B
| $10.2M | 0.57% |
762,846
+17,790
| +2% | +$224K |
|
25
Galicia Financial Group
GGAL
$8.29B
| – | – |
-345,072
| Closed | -$11.4M |
|
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Two Creeks Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Two Creeks Capital Management held 28 positions worth $1.8B, down 6.8% from $1.93B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Two Creeks Capital Management withdrew a net $246M in Q3 2018, closing 4 positions and reducing 9 holdings. Its most notable exit was Union Pacific, an estimated $89.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 20% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Two Creeks Capital Management opened a new position in CONCHO RESOURCES INC. worth $13.6M.
- Two Creeks Capital Management's largest Q3 2018 buy was CONCHO RESOURCES INC.: 89,050 shares worth $13.6M.
- Two Creeks Capital Management added most to Adobe in Q3 2018, an estimated $26.6M increase.
- Two Creeks Capital Management's biggest Q3 2018 reduction was Visa, cutting an estimated $49.5M.
- Two Creeks Capital Management fully exited Union Pacific in Q3 2018, selling an estimated $89.7M.
- Two Creeks Capital Management's ten largest holdings make up 64% of its $1.8B portfolio in Q3 2018.
- Two Creeks Capital Management opened 1 new position and closed 4 in Q3 2018.
- Two Creeks Capital Management's portfolio value fell 6.8% quarter-over-quarter to $1.8B.
Based on Two Creeks Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.