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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
-12.11%
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
$1.48B
AUM Growth
-$318M
(-18%)
Cap. Flow
-$80.7M
Cap. Flow
% of AUM
-5.46%
Top 10 Holdings %
Top 10 Hldgs %
73.32%
Holding
26
New
2
Increased
8
Reduced
7
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$91.1M |
| 2 |
AZPN
ASPEN TECHNOLOGY INC
AZPN
|
+$39.1M |
| 3 |
Lowe's Companies
LOW
|
+$34.8M |
| 4 |
Adobe
ADBE
|
+$34.4M |
| 5 |
Visa
V
|
+$23.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verisk Analytics
VRSK
|
+$86.9M |
| 2 |
Lamb Weston
LW
|
+$82.6M |
| 3 |
Diamondback Energy
FANG
|
+$36.8M |
| 4 |
WFT
Weatherford International plc
WFT
|
+$31.2M |
| 5 |
Ecolab
ECL
|
+$29.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.89% |
| 2 | Consumer Discretionary | 20.29% |
| 3 | Technology | 13.46% |
| 4 | Communication Services | 9.03% |
| 5 | Consumer Staples | 7.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Visa
V
$684B
| $193M | 13.05% |
1,461,758
+170,520
| +13% | +$23.6M |
|
|
2
Adobe
ADBE
$98.5B
| $124M | 8.39% |
548,133
+142,644
| +35% | +$34.4M |
|
3
Constellation Brands
STZ
$22.3B
| $108M | 7.33% |
673,501
+36,705
| +6% | +$7.29M |
|
4
HDFC Bank
HDB
$124B
| $107M | 7.25% |
4,139,296
+8,420
| +0.2% | +$199K |
|
5
Restaurant Brands International
QSR
$25.8B
| $101M | 6.83% |
1,930,261
| – | – |
|
|
6
Lowe's Companies
LOW
$118B
| $98M | 6.63% |
1,060,601
+361,228
| +52% | +$34.8M |
|
7
Ulta Beauty
ULTA
$22.2B
| $92.8M | 6.28% |
379,053
-6,633
| -2% | -$1.83M |
|
|
AZPN
8
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $90.6M | 6.13% |
1,102,058
+476,255
| +76% | +$39.1M |
|
|
9
Alphabet (Google) Class C
GOOG
$4.08T
| $88.2M | 5.97% |
+1,702,540
| New | +$91.1M |
|
|
10
Ecolab
ECL
$78.6B
| $80.7M | 5.46% |
547,983
-190,291
| -26% | -$29.1M |
|
11
Tyler Technologies
TYL
$13.2B
| $74.9M | 5.07% |
403,087
+100,048
| +33% | +$19.8M |
|
12
ICICI Bank
IBN
$109B
| $53M | 3.59% |
5,149,960
| – | – |
|
|
13
CALL
Lowe's Companies
LOW
$118B
| $52.6M | 3.56% |
569,400
-100,000
| -15% | -$9.64M |
|
|
PXD
14
DELISTED
Pioneer Natural Resource Co.
PXD
| $47.3M | 3.2% |
359,720
-186,021
| -34% | -$28.4M |
|
|
PXD
15
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $38.9M | 2.64% |
+296,100
| New | +$45.2M |
|
16
Liberty Latin America Class C
LILAK
$1.61B
| $38.3M | 2.59% |
3,069,761
| – | – |
|
|
17
Diamondback Energy
FANG
$56.2B
| $35.5M | 2.4% |
382,523
-329,387
| -46% | -$36.8M |
|
|
18
CALL
Diamondback Energy
FANG
$56.2B
| $17.7M | 1.2% |
190,900
+95,300
| +100% | +$10.7M |
|
|
19
CALL
Visa
V
$684B
| $12.7M | 0.86% |
96,000
-50,000
| -34% | -$6.91M |
|
|
20
Lamb Weston
LW
$7.36B
| $8.25M | 0.56% |
112,159
-1,078,620
| -91% | -$82.6M |
|
|
DESP
21
DELISTED
Despegar.com
DESP
| $8.07M | 0.55% |
650,350
| – | – |
|
|
22
Liberty Latin America Class A
LILA
$1.63B
| $7.07M | 0.48% |
762,846
| – | – |
|
23
CALL
Starbucks
SBUX
$121B
| – | – |
-1,056,400
| Closed | -$60M |
|
|
24
Verisk Analytics
VRSK
$26.1B
| – | – |
-720,590
| Closed | -$86.9M |
|
|
CXO
25
DELISTED
CONCHO RESOURCES INC.
CXO
| – | – |
-89,050
| Closed | -$13.6M |
|
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Two Creeks Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Two Creeks Capital Management held 26 positions worth $1.48B, down 18% from $1.8B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Two Creeks Capital Management withdrew a net $80.7M in Q4 2018, closing 4 positions and reducing 7 holdings. Its most notable exit was Verisk Analytics, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Two Creeks Capital Management opened a new position in Alphabet (Google) Class C worth $88.2M.
- Two Creeks Capital Management's largest Q4 2018 buy was Alphabet (Google) Class C: 1,702,540 shares worth $88.2M.
- Two Creeks Capital Management added most to ASPEN TECHNOLOGY INC in Q4 2018, an estimated $39.1M increase.
- Two Creeks Capital Management's biggest Q4 2018 reduction was Lamb Weston, cutting an estimated $82.6M.
- Two Creeks Capital Management fully exited Verisk Analytics in Q4 2018, selling an estimated $86.9M.
- Two Creeks Capital Management's ten largest holdings make up 73% of its $1.48B portfolio in Q4 2018.
- Two Creeks Capital Management opened 2 new positions and closed 4 in Q4 2018.
- Two Creeks Capital Management's portfolio value fell 18% quarter-over-quarter to $1.48B.
Based on Two Creeks Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.