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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
+3.58%
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
$1.64B
AUM Growth
+$160M
(+11%)
Cap. Flow
+$102M
Cap. Flow
% of AUM
6.24%
Top 10 Holdings %
Top 10 Hldgs %
79.02%
Holding
22
New
1
Increased
7
Reduced
8
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Floor & Decor
FND
|
+$61.1M |
| 2 |
BERY
Berry Global Group, Inc.
BERY
|
+$35.4M |
| 3 |
Lowe's Companies
LOW
|
+$27.6M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$25M |
| 5 |
Adobe
ADBE
|
+$24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lamb Weston
LW
|
+$32.4M |
| 2 |
Restaurant Brands International
QSR
|
+$16.1M |
| 3 |
Ecolab
ECL
|
+$13M |
| 4 |
Ulta Beauty
ULTA
|
+$11.3M |
| 5 |
HDFC Bank
HDB
|
+$8.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 26.15% |
| 2 | Financials | 25.96% |
| 3 | Technology | 17.48% |
| 4 | Communication Services | 9.95% |
| 5 | Consumer Staples | 8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Visa
V
$673B
| $218M | 13.25% |
1,253,436
-6,000
| -0.5% | -$982K |
|
|
2
Adobe
ADBE
$98.5B
| $168M | 10.22% |
569,263
+86,395
| +18% | +$24M |
|
|
3
HDFC Bank
HDB
$124B
| $126M | 7.66% |
3,870,508
-268,788
| -6% | -$8.1M |
|
|
AZPN
4
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $123M | 7.49% |
989,160
+81,497
| +9% | +$10.1M |
|
|
5
Lowe's Companies
LOW
$118B
| $122M | 7.41% |
1,205,460
+261,869
| +28% | +$27.6M |
|
6
Tyler Technologies
TYL
$13.3B
| $119M | 7.27% |
552,234
+55,197
| +11% | +$12M |
|
|
7
Restaurant Brands International
QSR
$25.8B
| $117M | 7.15% |
1,689,101
-241,160
| -12% | -$16.1M |
|
|
8
Floor & Decor
FND
$5.98B
| $112M | 6.83% |
2,676,450
+1,462,961
| +121% | +$61.1M |
|
|
9
Alphabet (Google) Class C
GOOG
$4.08T
| $110M | 6.69% |
2,031,900
+433,360
| +27% | +$25M |
|
10
ICICI Bank
IBN
$109B
| $82.9M | 5.05% |
6,582,418
+1,432,458
| +28% | +$16.6M |
|
11
Constellation Brands
STZ
$22.3B
| $77.8M | 4.74% |
395,006
-13,145
| -3% | -$2.57M |
|
|
12
Ulta Beauty
ULTA
$22.2B
| $69.1M | 4.21% |
199,149
-32,729
| -14% | -$11.3M |
|
|
13
Lamb Weston
LW
$7.36B
| $53.6M | 3.26% |
845,784
-491,186
| -37% | -$32.4M |
|
14
Liberty Latin America Class C
LILAK
$1.61B
| $45.2M | 2.75% |
3,069,761
| – | – |
|
|
BERY
15
DELISTED
Berry Global Group, Inc.
BERY
| $35.5M | 2.16% |
+734,911
| New | +$35.4M |
|
|
16
CALL
Lowe's Companies
LOW
$118B
| $32.8M | 2% |
325,000
| – | – |
|
|
DESP
17
DELISTED
Despegar.com
DESP
| $9.03M | 0.55% |
650,350
| – | – |
|
|
18
Liberty Latin America Class A
LILA
$1.63B
| $8.42M | 0.51% |
762,846
| – | – |
|
19
CALL
Diamondback Energy
FANG
$56.2B
| $6.78M | 0.41% |
62,200
-74,100
| -54% | -$7.74M |
|
|
20
CALL
Visa
V
$673B
| $6.26M | 0.38% |
36,100
-9,900
| -22% | -$1.62M |
|
|
21
Ecolab
ECL
$78.6B
| – | – |
-73,673
| Closed | -$13M |
|
|
PXD
22
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-102,100
| Closed | -$15.5M |
|
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Two Creeks Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Two Creeks Capital Management held 22 positions worth $1.64B, up 11% from $1.48B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Two Creeks Capital Management deployed $102M of net new capital in Q2 2019, opening 1 new position and adding to 7 existing holdings. Its largest new stake was Berry Global Group, Inc.: 734,911 shares worth $35.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, up from 25% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was Lamb Weston, an estimated $32.4M trimmed.
- Two Creeks Capital Management's largest Q2 2019 buy was Berry Global Group, Inc.: 734,911 shares worth $35.5M.
- Two Creeks Capital Management added most to Floor & Decor in Q2 2019, an estimated $61.1M increase.
- Two Creeks Capital Management's biggest Q2 2019 reduction was Lamb Weston, cutting an estimated $32.4M.
- Two Creeks Capital Management fully exited Ecolab in Q2 2019, selling an estimated $13M.
- Two Creeks Capital Management's ten largest holdings make up 79% of its $1.64B portfolio in Q2 2019.
- Two Creeks Capital Management opened 1 new position and closed 2 in Q2 2019.
- Two Creeks Capital Management's portfolio value rose 11% quarter-over-quarter to $1.64B.
Based on Two Creeks Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.